Class I railroad CSX's third-quarter revenue jumped 12% year over year on solid intermodal growth, stronger merchandise carload activity, and spiking fuel surcharges. Revenue was up 6% excluding fuel. Profitability showed additional year-over-year progress.
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
|
CSX
|
NSC
|
UNP
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.34 | 25.98 | 23.44 |
Price/Book Value | 6.24 | 4.53 | 8.27 |
Price/Sales | 6.02 | 5.88 | 6.72 |
Price/Cash Flow | 17.14 | 19.11 | 16.83 |
|
Metric
|
CSX
|
NSC
|
UNP
|
|---|---|---|---|
Quick Ratio | 0.72 | 0.67 | 0.76 |
Current Ratio | 0.84 | 0.83 | 0.99 |
Interest Coverage | 6.50 | 5.28 | 8.36 |
|
Metric
|
CSX
|
NSC
|
UNP
|
|---|---|---|---|
Return on Assets (Normalized) | 8.10% | 6.37% | 10.49% |
Return on Equity (Normalized) | 26.35% | 18.42% | 39.59% |
Return on Invested Capital (Normalized) | 12.70% | 10.65% | 16.19% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Union Pacific Corp
UNP
| LOCK|D^$?^j | LOCK|f%C | $171B | |||
| Canadian Pacific Kansas City Ltd
CP
| LOCK|!g!?t&M | LOCK|cP^ | $77B | |||
| Norfolk Southern Corp
NSC
| LOCK|p@%cTr | LOCK|?> | $74B | |||
| Canadian National Railway Co
CNI
| LOCK|J<^#Nl | LOCK|b! | $74B | |||
| Westinghouse Air Brake Technologies Corp
WAB
| — | LOCK|xW | $49B | |||
| MTR Corp Ltd ADR
MTCPY
| — | LOCK|k?L^q | $26B | |||
| MTR Corp Ltd
MTRJF
| — | LOCK|yM#@K | $26B | |||
| East Japan Railway Co
EJPRF
| — | LOCK|kFV%& | $26B | |||
| East Japan Railway Co ADR
EJPRY
| — | LOCK|BhQT | $26B |
United States