S&P 500 comparison · Industrials

CSX Corporation vs Norfolk Southern

Prices at close . Model readings .

CSX Corporation

$51.98−0.55%
Month: positiveLong run: neutral

Norfolk Southern

$338.09−0.49%
Month: positiveLong run: neutral
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), CSX Corporation is the larger company by market value ($96.32B against $76.14B). Over the past year CSX Corporation returned +45.8% and Norfolk Southern +22.2%, while the S&P 500 returned +12.7%. The latest filed P/E is 26.5 for CSX Corporation and 23.8 for Norfolk Southern, and the operating margin 39.1% against 32.6%. Over the next 21 sessions the model expects +0.22% for CSX Corporation, with a 58% chance of a rise, and +0.05% for Norfolk Southern, with a 45% chance. CSX Corporation's long-run fair value is $48.84, a gap of −6% to its price; the long-run model view is neutral. Norfolk Southern's long-run fair value is $323.90, a gap of −4.2% to its price; the long-run model view is neutral.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
CSX+0.22%
NSC+0.05%
Chance of a risenext 21 sessions
CSX58%
NSC45%
Expected returnnext 63 sessions
CSX+0.81%
NSC+1.02%
Range of outcomes63 sessions, 80% band
CSX−17.7% to +19.4%
NSC−14.7% to +16.7%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
CSX$48.8428 Oct 2026
NSC$323.9028 Oct 2026
Gap to pricefair value against the close
CSX−6%
NSC−4.2%
Past readings that matchedsign of the 21-session outcome
CSX43.5%of 269
NSC38.3%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
CSX+10.8%
NSC+8%
6 monthsS&P 500: +8.5%
CSX+16.7%
NSC+9.2%
Year to dateS&P 500: +13.3%
CSX+44.3%
NSC+18.6%
1 yearS&P 500: +12.7%
CSX+45.8%
NSC+22.2%
5 yearsS&P 500: +70.7%
CSX+61%
NSC+34.5%
1 year against the S&P 500percentage points
CSX+33.1 pts
NSC+9.5 pts
Position in the 52-week range0% low, 100% high
CSX92%close $51.98 in $33.29 to $53.60
NSC77%close $338.09 in $273.59 to $357.19
Against the 200-day average
CSX+14.6%
NSC+8%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to
Market value
CSX$96.32B28 Oct 2026
NSC$76.14B28 Oct 2026
Enterprise valueat the last filing
CSX$103.29B30 Sep 2026
NSC$83.95B30 Sep 2026
P/Elatest filed
CSX26.5
NSC23.8
Price to book
CSX5.99
NSC4.16
EV / EBITDA
CSX15.48
NSC14.39
Free cash flow yield
CSX3.73%
NSC2.37%
Dividend yield
CSX1.18%
NSC1.74%
Questions

CSX Corporation or Norfolk Southern: common questions

Which is larger by market value, CSX Corporation or Norfolk Southern?

CSX Corporation, at $96.32B against $76.14B for Norfolk Southern, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, CSX Corporation or Norfolk Southern?

CSX Corporation has the higher latest filed P/E, 26.5; Norfolk Southern's is 23.8. Filings: quarter to 30 Sep 2026.

How did CSX Corporation and Norfolk Southern move over the past year against the S&P 500?

Over the past year CSX Corporation returned +45.8% and Norfolk Southern +22.2%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for CSX Corporation and Norfolk Southern over the next month?

+0.22% for CSX Corporation with a 58% chance of a rise, and +0.05% for Norfolk Southern with a 45% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of CSX Corporation and Norfolk Southern compare?

The operating margin is 39.1% for CSX Corporation and 32.6% for Norfolk Southern. Filings: quarter to 30 Sep 2026.

Do CSX Corporation and Norfolk Southern shares move together?

Over the past year the correlation of their daily returns was 0.79 (often together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

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The two company pagesCSX Corporation (CSX) forecast and analysisNorfolk Southern (NSC) forecast and analysis
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BrowseAll Industrials companiesAll comparisonsHow the model readings are made

Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.