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U.S. Railroads Industry Analysis

UpdatedJul 07, 2026
DataAggregated Company Financials
Companies5
  • 7D2.6%
  • 3M14.8%
  • 1Y27.3%
  • YTDn/a

Over the last 7 days, the Railroads industry has risen 4.0%, driven by gains from every company within the industry. This means that the industry has gained 26% over the past year. Looking forward, earnings are forecast to grow by 7.8% annually.

Industry Valuation and Performance

Has the U.S. Railroads Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Jul 2026US$331.4bUS$51.6bUS$12.4b27.1x26.7x6.4x
Thu, 04 Jun 2026US$312.5bUS$51.6bUS$12.4b25.7x25.2x6.1x
Sat, 02 May 2026US$315.4bUS$51.5bUS$12.7b26.6x24.9x6.1x
Mon, 30 Mar 2026US$279.7bUS$51.3bUS$12.6b22.2x22.1x5.5x
Wed, 25 Feb 2026US$306.0bUS$51.2bUS$12.6b24.7x24.2x6x
Fri, 23 Jan 2026US$269.7bUS$51.3bUS$12.6b21.9x21.3x5.3x
Sun, 21 Dec 2025US$272.8bUS$51.3bUS$12.6b22.1x21.6x5.3x
Tue, 18 Nov 2025US$261.5bUS$51.3bUS$12.6b21.3x20.7x5.1x
Thu, 16 Oct 2025US$267.8bUS$51.1bUS$13.2b19.4x20.3x5.2x
Sat, 13 Sep 2025US$251.4bUS$51.1bUS$13.2b18.4x19x4.9x
Mon, 11 Aug 2025US$261.2bUS$51.1bUS$13.2b19x19.8x5.1x
Wed, 09 Jul 2025US$262.0bUS$51.0bUS$13.2b19.4x19.9x5.1x
Fri, 06 Jun 2025US$248.4bUS$51.0bUS$13.2b18.4x18.9x4.9x
Sun, 04 May 2025US$235.4bUS$51.0bUS$13.0b16.7x18.1x4.6x
Tue, 01 Apr 2025US$248.2bUS$51.2bUS$12.5b20.5x19.8x4.8x
Thu, 27 Feb 2025US$266.6bUS$51.2bUS$12.6b20.9x21.1x5.2x
Sat, 25 Jan 2025US$274.1bUS$51.3bUS$12.4b22.4x22.1x5.3x
Mon, 23 Dec 2024US$252.4bUS$51.5bUS$12.5b20.7x20.2x4.9x
Wed, 20 Nov 2024US$269.8bUS$51.5bUS$12.5b21.3x21.6x5.2x
Fri, 18 Oct 2024US$278.7bUS$51.2bUS$11.7b22.7x23.7x5.4x
Sun, 15 Sep 2024US$273.3bUS$51.2bUS$11.7b23.4x23.4x5.3x
Tue, 13 Aug 2024US$265.7bUS$51.2bUS$11.7b22.2x22.8x5.2x
Thu, 11 Jul 2024US$248.1bUS$51.1bUS$11.2b21.4x22.1x4.9x
Sat, 08 Jun 2024US$255.3bUS$51.1bUS$11.2b21.8x22.8x5x
Mon, 06 May 2024US$266.8bUS$51.1bUS$11.2b22.9x23.7x5.2x
Wed, 03 Apr 2024US$278.0bUS$51.3bUS$11.7b23.2x23.7x5.4x
Fri, 01 Mar 2024US$286.4bUS$51.2bUS$11.7b24.3x24.4x5.6x
Sun, 28 Jan 2024US$269.8bUS$51.2bUS$11.7b23x23x5.3x
Tue, 26 Dec 2023US$270.2bUS$51.5bUS$12.1b23.3x22.3x5.2x
Thu, 23 Nov 2023US$246.5bUS$51.5bUS$12.1b21.3x20.4x4.8x
Sat, 21 Oct 2023US$236.6bUS$51.8bUS$12.6b17.8x18.8x4.6x
Mon, 18 Sep 2023US$238.6bUS$52.8bUS$13.2b18x18x4.5x
Wed, 16 Aug 2023US$246.0bUS$52.8bUS$13.2b18.5x18.6x4.7x
Fri, 14 Jul 2023US$250.6bUS$53.5bUS$14.1b17.5x17.7x4.7x
Price to Earnings Ratio

17.7x


Total Market Cap: US$250.6bTotal Earnings: US$14.1bTotal Revenue: US$53.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Railroads Industry Price to Earnings3Y Average 21.5x202420252026
Current Industry PE
  • Investors are optimistic on the American Railroads industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 26.7x which is higher than its 3-year average PE of 21.5x.
  • The 3-year average PS ratio of 5.2x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Railroads industry have declined 4.3% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Railroads compare with similar industries?

US Market0.79%
Industrials0.64%
Transportation0.23%
Railroads2.65%
Cargo Ground Transportation-1.33%
Trucking-2.33%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
UNP Union PacificUS$282.593.6%
+US$5.9b		20.1%PE23.3x
CSX CSXUS$48.811.7%
+US$1.5b		47.7%PE29.7x
NSC Norfolk SouthernUS$321.901.7%
+US$1.2b		23.8%PE27.1x
FIP FTAI InfrastructureUS$4.411.1%
+US$5.9m		-30.6%PS0.9x

Latest News

CSX
US$48.81
CSX
7D
1.7%
1Y
47.7%
Seeking Alpha • Jul 04

CSX Corporation Is Getting Better, But The Stock Already Knows It

Summary CSX Corporation remains a high-quality railroad with a durable competitive moat and improving operational outlook into 2026. Despite operational improvements and growth levers like the Howard Street Tunnel, CSX trades at a premium 30x TTM P/E, above peers. Normalized free cash flow yield is projected at only 3-3.2% for 2026, leaving valuation stretched even with margin recovery. I rate CSX a hold, as the current risk-reward is insufficient for a buy despite the potential for multi-year FCF and margin gains. Read the full article on Seeking Alpha
NSC
US$321.90
Norfolk Southern
7D
1.7%
1Y
23.8%
Seeking Alpha • Jul 03

Norfolk Southern: The 15% Premium Is Not As Free As It Seems

Summary Norfolk Southern is a high-quality railroad with irreplaceable assets, but its valuation is currently driven by a pending Union Pacific merger. The proposed UNP-NSC merger offers a 15% premium, but regulatory approval remains uncertain, and the deal structure exposes NSC holders to UNP share price risk. NSC’s recent financials show flat revenue, declining margins, and significant capex needs, with cash flow pressured by incident-related payouts and ongoing maintenance. I rate NSC a Hold, as merger-driven upside is offset by regulatory, timing, and standalone valuation risks, making the risk/reward unattractive for new positions. Read the full article on Seeking Alpha
FIP
US$4.41
FTAI Infrastructure
7D
1.1%
1Y
-30.6%
Narrative Update • Jul 01

FIP: Auditor Transition Will Support Confidence In Future Earnings Potential

Analysts have reduced their fair value estimate for FTAI Infrastructure from $10.00 to $8.75 as they update assumptions for revenue growth, profit margins and future P/E, and apply a slightly higher discount rate in their models. What’s in the News for FTAI Infrastructure FTAI Infrastructure appointed KPMG LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2026, effective April 15, 2026, according to a company key development filing.
UNP
US$282.59
Union Pacific
7D
3.6%
1Y
20.1%