NSC vs BIPH vs CSX Stock Comparison

Norfolk Southern, Brookfield Infrastructure Partners and Csx Prices as of Oct 26, 2026 Peers: Industry group
NSC Norfolk Southern Corp
$334.02 +6.7% 1M +19.1% 1Y
Market cap
$75.74B
P/E
28.2x
Revenue (TTM)
$12.96B
Div. yield
0.02%
Railroads Industrials
CSX Csx Corp
$51.31 +9.7% 1M +42.0% 1Y
Market cap
$96.06B
P/E
26.8x
Revenue (TTM)
$14.95B
Div. yield
0.01%
Railroads Industrials
8 wins

Head to Head

12 decided of 12

Csx leads on 8 of the 12 questions below (Csx 8, Brookfield Infrastructure Partners 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionNSCBIPHCSXLeader
Larger companyMarket capitalisation $75.74B $9.62B $96.06B CSX
Cheaper on earningsLower P/E, profitable companies only 28.2x -25.6x 26.8x CSX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 27.3x 25.8x 26.2x BIPH
Faster revenue growthRevenue growth, trailing twelve months +6.0% +16.4% +5.9% BIPH
More profitableNet margin, trailing twelve months 20.7% -1.5% 24.0% CSX
Better return on capitalReturn on invested capital 9.7% 6.6% 12.6% CSX
Less leveragedLower net debt / EBITDA 2.7x 6.1x 2.4x CSX
Higher dividend yieldTrailing dividend yield 0.02% 0.18% 0.01% BIPH
Better 1-year returnPrice return, last 12 months +19.1% -11.3% +42.0% CSX
Better 5-year returnAnnualised price return, 5 years +3.1%/yr -9.9%/yr +7.4%/yr CSX
Less volatileAnnualised volatility, 1 year 20.9% 13.9% 22.5% BIPH
Higher overall scoreMean of the five percentile scores vs peers 33/100 46/100 47/100 CSX

Percentile Scorecard

NSCBIPHCSX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisNSCBIPHCSX
Valuation 10 #123 of 136 64 #50 of 136 10 #122 of 136
Growth 44 #69 of 122 87 #17 of 122 60 #49 of 122
Profitability 66 #40 of 116 38 #72 of 116 84 #20 of 116
Financial Health 30 #101 of 144 13 #126 of 144 29 #103 of 144
Shareholder Returns 16 #69 of 82 31 #57 of 82 54 #38 of 82
Overall 33 46 47
  • NSC ranked among 150 companies in Transportation
  • BIPH ranked among 150 companies in Transportation
  • CSX ranked among 150 companies in Transportation

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodNSCBIPHCSXSPY
1 month +6.7%-1.3%+9.7% -0.8%
3 months -2.7%-6.0%-0.9% +3.5%
6 months +4.7%-8.1%+12.9% +7.0%
Year to date +15.7%-6.5%+41.5% +12.2%
1 year +19.1%-11.3%+42.0% +13.0%
3 years +81.0%+2.9%+75.5% +86.3%
3 years, per year +21.9%+1.0%+20.6% +23.1%
5 years +16.4%-40.7%+43.1% +68.6%
5 years, per year +3.1%-9.9%+7.4% +11.0%
10 years +271.0%—+406.5% +258.0%
10 years, per year +14.0%—+17.6% +13.6%

Risk

MeasureNSCBIPHCSXSPY
Volatility, 1Y 20.9%13.9%22.5% 12.7%
Downside volatility, 1Y 20.3%15.7%20.9% 12.7%
Beta vs S&P 500, 1Y 0.190.100.37 1.00
Return / volatility, 1Y 0.91-0.811.87 1.02
Max drawdown, 5Y -38.0%-43.5%-30.5% -25.4%
From 52-week high -5.4%-12.5%-3.6% -1.8%
52-week high $352.99$17.40$53.23 $779.14
52-week low $278.19$15.08$33.68 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleNSCBIPHCSX
P/E now vs peer median 28.0xmedian 16.1x -25.7xmedian 16.1x 26.5xmedian 16.1x
P/S now vs peer median 5.8xmedian 1.0x 0.4xmedian 1.0x 6.3xmedian 1.0x
EV/EBITDA now vs peer median 16.3xmedian 8.7x 7.0xmedian 8.7x 15.8xmedian 8.7x
P/FCF now vs peer median 45.6xmedian 11.5x -12.1xmedian 11.5x 29.4xmedian 11.5x
P/B now vs peer median 4.5xmedian 1.2x 0.3xmedian 1.2x 6.6xmedian 1.2x
PEG now vs peer median 3.11median 0.81 —median 0.81 27.09median 0.81

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsNSCBIPHCSX
Revenue $12.96B $25.06B $14.95B
Gross profit – $6.65B –
Operating income $4.09B $6.20B $5.44B
Net income $2.68B $2.39B $3.58B
Free cash flow $1.65B -$792.00M $3.21B
EPS (diluted) $11.92 – $1.93
Cash & equivalents $1.60B $3.09B $1.22B
Total debt $16.61B $67.76B $18.80B
Shares (diluted) 225.20M – 1.85B
Enterprise value $70.20B -$3.96B $91.29B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricNSCBIPHCSX
P/E 28.0x -25.7x 26.5x
P/FCF 45.6x -12.1x 29.4x
P/Operating cash flow 19.8x 1.5x 16.9x
P/S 5.8x 0.4x 6.3x
P/B 4.5x 0.3x 6.6x
P/Tangible book 4.5x 0.5x 6.6x
EV/EBITDA 16.3x 7.0x 15.8x
EV/EBIT 22.0x 11.9x 20.6x
EV/Revenue 6.9x 2.9x 7.5x
EV/FCF 54.7x -93.3x 34.8x
EV/Operating cash flow 23.8x 11.7x 20.0x
PEG (3Y EPS CAGR) 3.11 – 27.09

Growth

14 metrics
MetricNSCBIPHCSX
Revenue growth (1Y) 6.0% 16.4% 5.9%
Revenue CAGR (3Y) 1.7% 16.6% 0.5%
Gross profit growth (1Y) – 16.9% –
Gross profit CAGR (3Y) – 48.1% –
Operating income growth (1Y) -10.2% 17.8% 20.4%
Operating income CAGR (3Y) 8.2% 28.4% -0.8%
Net income growth (1Y) -9.4% 63.4% 23.4%
Net income CAGR (3Y) 8.7% 15.0% -1.5%
EPS growth (1Y) -9.6% – 24.3%
EPS CAGR (3Y) 9.0% – 1.0%
Operating cash flow growth (1Y) -11.0% 30.9% 21.4%
Operating cash flow CAGR (3Y) 4.6% 26.0% 1.9%
Free cash flow growth (1Y) -21.5% 72.5% 107.0%
Free cash flow CAGR (3Y) 13.0% 8.5% 1.8%

Profitability

14 metrics
MetricNSCBIPHCSX
Gross margin – 26.5% –
EBITDA margin 42.5% 41.9% 47.4%
Operating margin 31.5% 24.8% 36.4%
Pretax margin 26.4% 11.8% 31.6%
Net margin 20.7% -1.5% 24.0%
FCF margin 12.7% -3.2% 21.5%
Operating cash flow margin 29.2% 25.1% 37.5%
Return on equity 16.3% 7.2% 25.4%
Return on assets 5.9% 1.9% 8.0%
Return on invested capital 9.7% 6.6% 12.6%
Return on capital employed 9.8% 5.6% 13.4%
Asset turnover 0.3x 0.2x 0.3x
Cash conversion (OCF / net income) 1.4x 2.6x 1.6x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricNSCBIPHCSX
Debt / assets 36.2% 55.6% 41.6%
Debt / equity 1.0x 2.1x 1.3x
Net debt / EBITDA 2.7x 6.1x 2.4x
Debt / FCF 10.1x -85.6x 5.9x
Liabilities / assets 63.6% 73.3% 68.2%
Equity / assets 36.4% 26.7% 31.8%
Interest coverage 5.2x 1.1x 6.4x
Current ratio 0.9x 0.9x 0.8x
Quick ratio 0.8x 0.7x 0.7x
Cash ratio 0.4x 0.3x 0.4x
Altman Z-score 2.54 – 2.91

Shareholder Returns

7 metrics
MetricNSCBIPHCSX
Dividend yield 1.6% 0.0% 1.1%
Net buyback yield 0.0% – 1.2%
Shareholder yield 1.6% 0.0% 2.3%
Payout ratio (earnings) 45.2% 71.4% 28.5%
Payout ratio (FCF) 73.6% -215.5% 31.8%
Dividend growth (1Y) -0.4% 10.5% 6.4%
Dividend CAGR (3Y) 0.2% 40.3% 5.4%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusNSCBIPHCSX
Forward P/E 27.3xFY2026 25.8xFY2026 26.2xFY2026
EPS, next fiscal year $12.23FY2026 $0.59FY2026 $1.96FY2026
EPS growth, next FY -2.1%FY2026 -34.4%FY2026 +21.7%FY2026
EPS growth, the year after +24.4% +88.1% +26.0%
Revenue, next fiscal year $14.12BFY2026 $17.63BFY2026 $14.54BFY2026
Revenue growth, next FY +15.9%FY2026 -23.7%FY2026 +3.2%FY2026
Revenue growth, the year after +2.7% -44.6% +14.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersNSCBIPHCSX
Held by institutions 75.9% – 79.3%
Institutions holding 1,862 – 1,995
Change in shares held, QoQ +1.5% – +4.0%
Institutions buying 750 – 999
Institutions selling 631 – 627
Buyers to sellers 1.19 – 1.59

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

NSCBIPHCSX
NSC 1.00 -0.02 0.78
BIPH -0.02 1.00 0.04
CSX 0.78 0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, NSC, BIPH and CSX?

Csx (CSX) is the largest by market capitalisation: Norfolk Southern (NSC) $75.74B, Brookfield Infrastructure Partners (BIPH) $9.62B, Csx (CSX) $96.06B.

Which stock is cheaper, NSC, BIPH and CSX?

Csx (CSX) trades on the lowest price-to-earnings ratio (Norfolk Southern (NSC) 28.2x, Brookfield Infrastructure Partners (BIPH) -25.6x, Csx (CSX) 26.8x). On next year's consensus earnings, Brookfield Infrastructure Partners (BIPH) is cheapest (Norfolk Southern (NSC) 27.3x, Brookfield Infrastructure Partners (BIPH) 25.8x, Csx (CSX) 26.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Brookfield Infrastructure Partners (BIPH) grew revenue fastest over the trailing twelve months: Norfolk Southern (NSC) +6.0%, Brookfield Infrastructure Partners (BIPH) +16.4%, Csx (CSX) +5.9%.

Which company is more profitable?

Csx (CSX) has the highest net margin (Norfolk Southern (NSC) 20.7%, Brookfield Infrastructure Partners (BIPH) -1.5%, Csx (CSX) 24.0%). On return on invested capital, Csx (CSX) leads (Norfolk Southern (NSC) 9.7%, Brookfield Infrastructure Partners (BIPH) 6.6%, Csx (CSX) 12.6%).

Which stock has performed better?

Over the past year Csx (CSX) returned the most: Norfolk Southern (NSC) +19.1%, Brookfield Infrastructure Partners (BIPH) -11.3%, Csx (CSX) +42.0%. Over five years, Csx (CSX) compounded fastest (Norfolk Southern (NSC) +3.1%/yr, Brookfield Infrastructure Partners (BIPH) -9.9%/yr, Csx (CSX) +7.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Brookfield Infrastructure Partners (BIPH) has the highest dividend yield: Norfolk Southern (NSC) 0.02%, Brookfield Infrastructure Partners (BIPH) 0.18%, Csx (CSX) 0.01%.

Which stock is riskier?

By one-year price volatility, Brookfield Infrastructure Partners (BIPH) has been the steadiest (Norfolk Southern (NSC) 20.9%, Brookfield Infrastructure Partners (BIPH) 13.9%, Csx (CSX) 22.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, NSC, BIPH and CSX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Csx (CSX) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.