Norfolk Southern’s third-quarter top line jumped 14% year over year on solid intermodal growth, stronger merchandise carload activity, and spiking fuel surcharges. Revenue was up 6% excluding fuel. Consolidated adjusted margin worsened due mostly to fuel noise.
Intermodal shipping should enjoy favorable long-term trends, including secular constraints on truckload capacity expansion and shippers’ efforts to minimize transportation costs through mode conversions (truck to rail).
Union contract wage and benefit inflation will remain a partial margin headwind over the near term.
|
Metric
|
NSC
|
CSX
|
UNP
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.12 | 26.81 | 23.76 |
Price/Book Value | 4.56 | 6.74 | 8.09 |
Price/Sales | 5.89 | 6.50 | 6.76 |
Price/Cash Flow | 19.80 | 18.51 | 17.35 |
|
Metric
|
NSC
|
CSX
|
UNP
|
|---|---|---|---|
Quick Ratio | 0.77 | 0.72 | 0.93 |
Current Ratio | 0.90 | 0.84 | 1.16 |
Interest Coverage | 5.38 | 6.50 | 8.75 |
|
Metric
|
NSC
|
CSX
|
UNP
|
|---|---|---|---|
Return on Assets (Normalized) | 6.48% | 8.10% | 10.75% |
Return on Equity (Normalized) | 18.43% | 26.35% | 38.63% |
Return on Invested Capital (Normalized) | 10.79% | 12.70% | 16.48% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Union Pacific Corp
UNP
| LOCK|$l%@DJ? | LOCK|lY | $178B | |||
| CSX Corp
CSX
| LOCK|&#VY$B$ | LOCK|#L! | $97B | |||
| Canadian Pacific Kansas City Ltd
CP
| LOCK|@T^<%$ | LOCK|VG< | $80B | |||
| Canadian National Railway Co
CNI
| LOCK|?yjqbR | LOCK|&! | $76B | |||
| Westinghouse Air Brake Technologies Corp
WAB
| — | LOCK|wC? | $47B | |||
| MTR Corp Ltd ADR
MTCPY
| — | LOCK|kdCk? | $26B | |||
| MTR Corp Ltd
MTRJF
| — | LOCK|P!@$x | $26B | |||
| East Japan Railway Co
EJPRF
| — | LOCK|c>wgS | $26B | |||
| East Japan Railway Co ADR
EJPRY
| — | LOCK|CXG! | $26B |
United States