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Railroads

The 6 companies in this industry listed on the NYSE and Nasdaq are worth $484 bn combined; the largest are Union Pacific (UNP), CSX Corporation (CSX) and Canadian Pacific Kansas City (CP). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Open contest
6 companies value 484 bn revenue 78 bn margin 25.2% free cash flow 15 bn avg. score 6.0
UNP holds 35.2% of the group's value, 1.9x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 UNP Union Pacific
United States · score 6.4
35% 171 bn 25 bn 28.8% 6.5 bn 3.8% 1.9% Freight railroad in the western United States · Largest US railroad; merger with Norfolk Southern under regulatory review
2 CSX CSX Corporation
United States · score 5.9
18% 89 bn 15 bn 22.2% 2.8 bn 3.2% 1.1% Freight railroad in the eastern United States · The other major Eastern US railroad; a better operating ratio than NSC
3 CP Canadian Pacific Kansas City
Canada · score 5.4
16% 76 bn 11 bn 25.0% 1.7 bn 2.3% 0.8% Freight railroad linking Canada, the US and Mexico · The only railroad connecting Canada, the US and Mexico
4 CNI Canadian National Railway
Canada · score 6.2
15% 74 bn 12 bn 27.3% 2.4 bn 3.3% 2.1% Canada's coast-to-coast freight railroad · The only railroad linking North America's three coasts
5 NSC Norfolk Southern
United States · score 5.6
15% 73 bn 13 bn 21.0% 1.6 bn 2.2% 1.7% Freight railroad in the eastern United States · Eastern US rail network; merger with Union Pacific under regulatory review
6 TRN Trinity Industries
United States · score 6.8
0% 2.0 bn 2.0 bn 16.6% 0.3 bn 17.3% 5.0% Railcars, leasing and parts · North America's largest maker and lessor of railcars

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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