20-quarter listed-company comparison

Railroads Stocks

Railroads: The Greenbrier Companies, Inc. owns the largest revenue base; L.B. Foster Company has the fastest current growth.

01 · the industry itself · before any single company

How has Railroads moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 14% behind S&P 500. Earnings across its companies grew 10% on average over the last four reported quarters. It has been ahead of S&P 500 on a rolling three-month view for 4 weeks running.

TURNING · ahead 4w~Moving with the index4 of 10 companies ahead of S&P 500 by 5% or more over three months

RS ↑4w · 9/10 >200d (+1) · 4/10 lead (+2) · EPS 6/10↑

Railroads, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 10 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

02 · sector relative strength, before individual stocks

Is Railroads outperforming S&P 500?

Railroads has outperformed S&P 500 by 11.7% over the last 52 weeks. Over 13 weeks the gap is a lead of 2%. 7 of 10 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. L.B. Foster Company is the strongest against the sector itself at +13.4%.

+2.0%Sector vs S&P 500 · 13 weeks

+11.7%Sector vs S&P 500 · 52 weeks

7/10Stocks leading S&P 500

5/10Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Railroads has outperformed S&P 500 by 11.7% over 52 weeks and 2% over 13 weeks. 7 of 10 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 10 beat the sector itself. The Greenbrier Companies, Inc. leads with revenue of $2,631 million, based on 3 of 10 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

$557.5B

Union Pacific Corporation

Revenue growing

1/3

positive TTM year-on-year growth

Beating S&P 500

7/10

positive Mansfield relative strength

Comparing 3 of 10

03 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

CSX Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 57.8% evidence confidence.

The Greenbrier Companies, Inc. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

Canadian National Railway Company has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1CSX CorporationCSX	62.8/100Thin evidence · provisional58% evidence	BREAKING OUT	21.9/35 Revenue — · PAT — · OPM change 5.6 pp 45% evidence	16.1/25 ROCE 3.7% · OPM 36% 76% evidence	9.2/20 P/E 27.5× · PEG — 15% evidence	15.6/20 RS sector 8.3% · RS bench 14.1% · 1Y 44%9 of 12 weeks ahead 100% evidence
Exact sum: 21.9 + 16.1 + 9.2 + 15.6 = 62.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2Union Pacific CorporationUNP	60.6/100Thin evidence · provisional58% evidence	BREAKING OUT	18.9/35 Revenue — · PAT — · OPM change 0.2 pp 45% evidence	17.2/25 ROCE 4.3% · OPM 39.5% 76% evidence	10.2/20 P/E 22× · PEG — 15% evidence	14.3/20 RS sector 2% · RS bench 7.7% · 1Y 33.3%4 of 12 weeks ahead 100% evidence
Exact sum: 18.9 + 17.2 + 10.2 + 14.3 = 60.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3Westinghouse Air Brake Technologies CorporationWAB	58.8/100Thin evidence · provisional58% evidence	TURNING	19.1/35 Revenue — · PAT — · OPM change -0.7 pp 45% evidence	13.7/25 ROCE 3.5% · OPM 17.5% 76% evidence	8.5/20 P/E 36.2× · PEG — 15% evidence	17.5/20 RS sector 8.7% · RS bench 14.5% · 1Y 56.2%3 of 12 weeks ahead 100% evidence
Exact sum: 19.1 + 13.7 + 8.5 + 17.5 = 58.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Canadian National Railway CompanyCNI	56.9/100Thin evidence · provisional58% evidence	BREAKING OUT	15.9/35 Revenue — · PAT — · OPM change -1.2 pp 45% evidence	14.2/25 ROCE 3.2% · OPM 35.4% 76% evidence	10.5/20 P/E 21.7× · PEG — 15% evidence	16.3/20 RS sector 2.8% · RS bench 8.6% · 1Y 37.5%4 of 12 weeks ahead 100% evidence
Exact sum: 15.9 + 14.2 + 10.5 + 16.3 = 56.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5L.B. Foster CompanyFSTR	53.3/100Thin evidence · provisional58% evidence	FADING	22.3/35 Revenue 11.7% · PAT -73% · OPM change 3.7 pp 62% evidence	4.5/25 ROCE 0.8% · OPM 1.7% 76% evidence	9.5/20 P/E 27.1× · PEG — 15% evidence	17.0/20 RS sector 13.4% · RS bench 19.4% · 1Y 89.6%11 of 12 weeks ahead 70% evidence
Exact sum: 22.3 + 4.5 + 9.5 + 17 = 53.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Trinity Industries, Inc.TRN	47.7/100Thin evidence · provisional58% evidence	ASLEEP	22.5/35 Revenue — · PAT — · OPM change 3.5 pp 45% evidence	11.7/25 ROCE 2.5% · OPM 20.5% 76% evidence	11.5/20 P/E 8.3× · PEG — 15% evidence	2.0/20 RS sector -11% · RS bench -6.1% · 1Y 17.9%3 of 12 weeks ahead 100% evidence
Exact sum: 22.5 + 11.7 + 11.5 + 2 = 47.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Norfolk Southern CorporationNSC	45.0/100Thin evidence · provisional58% evidence	TURNING	13.7/35 Revenue — · PAT — · OPM change -9 pp 45% evidence	12.8/25 ROCE 2.7% · OPM 29.3% 76% evidence	9.8/20 P/E 26.8× · PEG — 15% evidence	8.7/20 RS sector -3.5% · RS bench 2.1% · 1Y 21.9%2 of 12 weeks ahead 100% evidence
Exact sum: 13.7 + 12.8 + 9.8 + 8.7 = 45 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Canadian Pacific Kansas City LimitedCP	44.1/100Thin evidence · provisional58% evidence	TURNING	17.3/35 Revenue — · PAT — · OPM change -0.7 pp 45% evidence	11.4/25 ROCE 1.8% · OPM 34% 76% evidence	8.8/20 P/E 28.6× · PEG — 15% evidence	6.6/20 RS sector -3.7% · RS bench 1.8% · 1Y 20.8%1 of 12 weeks ahead 100% evidence
Exact sum: 17.3 + 11.4 + 8.8 + 6.6 = 44.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9The Greenbrier Companies, Inc.GBX	30.5/100Adverse evidence79% evidence	BASING	3.7/35 Revenue -25.6% · PAT -54.2% · OPM change -5.5 pp 95% evidence	7.0/25 ROCE 0.9% · OPM 5.5% 76% evidence	15.8/20 P/E 14× · PEG 0.27 65% evidence	4.0/20 RS sector -12.2% · RS bench -7.2% · 1Y 11.9%0 of 12 weeks ahead 70% evidence
Exact sum: 3.7 + 7 + 15.8 + 4 = 30.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10FreightCar America, Inc.RAIL	24.7/100Thin evidence · provisional58% evidence	TURNING	7.5/35 Revenue -4.9% · PAT — · OPM change -4.9 pp 62% evidence	3.0/25 ROCE -0.3% · OPM -0.9% 76% evidence	11.2/20 P/E 10.8× · PEG — 15% evidence	3.0/20 RS sector -22.7% · RS bench -18.2% · 1Y -5.1%1 of 12 weeks ahead 70% evidence
Exact sum: 7.5 + 3 + 11.2 + 3 = 24.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

04 · what price has already done

Market action

L.B. Foster Company has the strongest one-year price move in Railroads at +89.6%. It also leads on Mansfield relative strength against the S&P 500 at +19.4%. 7 of 10 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Revenue Scale & Growth Durability

The Greenbrier Companies, Inc. has the highest Revenue among the 10 Railroads companies compared here, at $2,631 million. L.B. Foster Company is next at $563 million. L.B. Foster Company has the highest Revenue growth at 11.7%, so level and change sit with different companies. 3 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: The Greenbrier Companies, Inc. is the scale leader at $2,631 million, 367.3% ahead of L.B. Foster Company. L.B. Foster Company's growth is 11.7% from a $563 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderThe Greenbrier Companies, Inc. · $2,631 million

Gap367.3% versus #2 · L.B. Foster Company

Persistence3/8 recent comparable periods

Coverage3/10 companies · 191 observations

Investor read: The Greenbrier Companies, Inc. is the scale benchmark; L.B. Foster Company is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: The Greenbrier Companies, Inc.'s growth falls below L.B. Foster Company's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1The Greenbrier Companies, Inc. GBX$2.6B

2L.B. Foster Company FSTR$563M

3FreightCar America, Inc. RAIL$470M

Revenue growthfastest growers

1L.B. Foster Company FSTR12%

2FreightCar America, Inc. RAIL-4.9%

3The Greenbrier Companies, Inc. GBX-26%

Revenue · company comparison

3/10 level · 3/10 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Union Pacific Corporation UNP	$6.2B	3.2%	Jun 2026
Canadian National Railway Company CNI	$4.4B	-0.6%	Jun 2026
Canadian Pacific Kansas City Limited CP	$3.7B	-2.5%	Jun 2026
CSX Corporation CSX	$3.5B	1.7%	Jun 2026
Norfolk Southern Corporation NSC	$3.0B	0.2%	Jun 2026
Westinghouse Air Brake Technologies Corporation WAB	$3.0B	13%	Jun 2026
The Greenbrier Companies, Inc. GBX	$577M	-32%	Jun 2026
Trinity Industries, Inc. TRN	$492M	-16%	Jun 2026
L.B. Foster Company FSTR	$121M	23%	Mar 2026
FreightCar America, Inc. RAIL	$64M	-33%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Canadian National Railway Company · CNI

Sep 2021$3.6B

Dec 2021$3.8B

Mar 2022$3.7B

Jun 2022$4.3B

Sep 2022$4.5B

Dec 2022$4.5B

Mar 2023$4.3B

Jun 2023$4.1B

Sep 2023$4.0B

Dec 2023$4.5B

Mar 2024$4.2B

Jun 2024$4.3B

Sep 2024$4.1B

Dec 2024$4.4B

Mar 2025$4.4B

Jun 2025$4.3B

Sep 2025$4.2B

Dec 2025$4.5B

Mar 2026$4.4B

Jun 2026—

Canadian Pacific Kansas City Limited · CP

Sep 2021$1.9B

Dec 2021$2.0B

Mar 2022$1.8B

Jun 2022$2.2B

Sep 2022$2.3B

Dec 2022$2.5B

Mar 2023$2.3B

Jun 2023$3.2B

Sep 2023$3.3B

Dec 2023$3.8B

Mar 2024$3.5B

Jun 2024$3.6B

Sep 2024$3.5B

Dec 2024$3.9B

Mar 2025$3.8B

Jun 2025$3.7B

Sep 2025$3.7B

Dec 2025$3.9B

Mar 2026$3.7B

Jun 2026—

CSX Corporation · CSX

Sep 2021$3.3B

Dec 2021$3.4B

Mar 2022$3.4B

Jun 2022$3.8B

Sep 2022$3.9B

Dec 2022$3.7B

Mar 2023$3.7B

Jun 2023$3.7B

Sep 2023$3.6B

Dec 2023$3.7B

Mar 2024$3.7B

Jun 2024$3.7B

Sep 2024$3.6B

Dec 2024$3.5B

Mar 2025$3.4B

Jun 2025$3.6B

Sep 2025$3.6B

Dec 2025$3.5B

Mar 2026$3.5B

Jun 2026—

FreightCar America, Inc. · RAIL

Sep 2021$58M

Dec 2021$75M

Mar 2022$93M

Jun 2022$57M

Sep 2022$86M

Dec 2022$129M

Mar 2023$81M

Jun 2023$89M

Sep 2023$62M

Dec 2023$127M

Mar 2024$161M

Jun 2024$147M

Sep 2024$113M

Dec 2024$138M

Mar 2025$96M

Jun 2025$119M

Sep 2025$161M

Dec 2025$126M

Mar 2026$64M

Jun 2026—

L.B. Foster Company · FSTR

Sep 2021$130M

Dec 2021$113M

Mar 2022$99M

Jun 2022$132M

Sep 2022$130M

Dec 2022$137M

Mar 2023$115M

Jun 2023$148M

Sep 2023$145M

Dec 2023$135M

Mar 2024$124M

Jun 2024$141M

Sep 2024$137M

Dec 2024$128M

Mar 2025$98M

Jun 2025$144M

Sep 2025$138M

Dec 2025$160M

Mar 2026$121M

Jun 2026—

Norfolk Southern Corporation · NSC

Sep 2021$2.9B

Dec 2021$2.9B

Mar 2022$2.9B

Jun 2022$3.3B

Sep 2022$3.3B

Dec 2022$3.2B

Mar 2023$3.1B

Jun 2023$3.0B

Sep 2023$3.0B

Dec 2023$3.1B

Mar 2024$3.0B

Jun 2024$3.0B

Sep 2024$3.1B

Dec 2024$3.0B

Mar 2025$3.0B

Jun 2025$3.1B

Sep 2025$3.1B

Dec 2025$3.0B

Mar 2026$3.0B

Jun 2026—

The Greenbrier Companies, Inc. · GBX

Sep 2021$599M

Dec 2021$551M

Mar 2022$683M

Jun 2022$794M

Sep 2022$951M

Dec 2022$767M

Mar 2023$1.1B

Jun 2023$1.0B

Sep 2023$1.0B

Dec 2023$809M

Mar 2024$863M

Jun 2024$820M

Sep 2024$1.1B

Dec 2024$876M

Mar 2025$762M

Jun 2025$843M

Sep 2025$760M

Dec 2025$706M

Mar 2026$588M

Jun 2026$577M

Trinity Industries, Inc. · TRN

Sep 2021$420M

Dec 2021$472M

Mar 2022$473M

Jun 2022$417M

Sep 2022$497M

Dec 2022$591M

Mar 2023$642M

Jun 2023$722M

Sep 2023$821M

Dec 2023$798M

Mar 2024$810M

Jun 2024$841M

Sep 2024$799M

Dec 2024$629M

Mar 2025$585M

Jun 2025$506M

Sep 2025$454M

Dec 2025$611M

Mar 2026$492M

Jun 2026—

Union Pacific Corporation · UNP

Sep 2021$5.6B

Dec 2021$5.7B

Mar 2022$5.9B

Jun 2022$6.3B

Sep 2022$6.6B

Dec 2022$6.2B

Mar 2023$6.1B

Jun 2023$6.0B

Sep 2023$5.9B

Dec 2023$6.2B

Mar 2024$6.0B

Jun 2024$6.0B

Sep 2024$6.1B

Dec 2024$6.1B

Mar 2025$6.0B

Jun 2025$6.2B

Sep 2025$6.2B

Dec 2025$6.1B

Mar 2026$6.2B

Jun 2026—

Westinghouse Air Brake Technologies Corporation · WAB

Sep 2021$1.9B

Dec 2021$2.1B

Mar 2022$1.9B

Jun 2022$2.0B

Sep 2022$2.1B

Dec 2022$2.3B

Mar 2023$2.2B

Jun 2023$2.4B

Sep 2023$2.6B

Dec 2023$2.5B

Mar 2024$2.5B

Jun 2024$2.6B

Sep 2024$2.7B

Dec 2024$2.6B

Mar 2025$2.6B

Jun 2025$2.7B

Sep 2025$2.9B

Dec 2025$3.0B

Mar 2026$3.0B

Jun 2026—

Revenue growth · reported quarter history

Canadian National Railway Company · CNI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202221%

Sep 202226%

Dec 202221%

Mar 202316%

Jun 2023-6.6%

Sep 2023-12%

Dec 2023-1.6%

Mar 2024-1.5%

Jun 20246.7%

Sep 20243.1%

Dec 2024-2.5%

Mar 20253.6%

Jun 2025-1.3%

Sep 20251.3%

Dec 20252.4%

Mar 2026-0.6%

Jun 2026—

Canadian Pacific Kansas City Limited · CP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20227.2%

Sep 202219%

Dec 202221%

Mar 202323%

Jun 202344%

Sep 202344%

Dec 202353%

Mar 202455%

Jun 202414%

Sep 20246.3%

Dec 20242.6%

Mar 20257.8%

Jun 20252.7%

Sep 20253.2%

Dec 20251.3%

Mar 2026-2.5%

Jun 2026—

CSX Corporation · CSX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202228%

Sep 202218%

Dec 20228.8%

Mar 20238.6%

Jun 2023-3.0%

Sep 2023-8.3%

Dec 2023-1.3%

Mar 2024-0.7%

Jun 20240.1%

Sep 20241.3%

Dec 2024-3.8%

Mar 2025-7.0%

Jun 2025-3.4%

Sep 2025-0.9%

Dec 2025-0.9%

Mar 20261.7%

Jun 2026—

FreightCar America, Inc. · RAIL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202254%

Sep 202248%

Dec 202272%

Mar 2023-13%

Jun 202356%

Sep 2023-28%

Dec 2023-1.6%

Mar 202499%

Jun 202465%

Sep 202482%

Dec 20248.7%

Mar 2025-40%

Jun 2025-19%

Sep 202542%

Dec 2025-8.7%

Mar 2026-33%

Jun 2026—

L.B. Foster Company · FSTR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-15%

Sep 20220.0%

Dec 202221%

Mar 202316%

Jun 202312%

Sep 202312%

Dec 2023-1.5%

Mar 20247.8%

Jun 2024-4.7%

Sep 2024-5.5%

Dec 2024-5.2%

Mar 2025-21%

Jun 20252.1%

Sep 20250.7%

Dec 202525%

Mar 202623%

Jun 2026—

Norfolk Southern Corporation · NSC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202216%

Sep 202217%

Dec 202214%

Mar 20237.4%

Jun 2023-8.3%

Sep 2023-11%

Dec 2023-5.1%

Mar 2024-4.1%

Jun 20242.2%

Sep 20242.7%

Dec 2024-1.6%

Mar 2025-0.4%

Jun 20252.2%

Sep 20251.7%

Dec 2025-1.7%

Mar 20260.2%

Jun 2026—

The Greenbrier Companies, Inc. · GBX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202259%

Dec 202239%

Mar 202364%

Jun 202331%

Sep 20236.9%

Dec 20235.5%

Mar 2024-23%

Jun 2024-21%

Sep 20243.5%

Dec 20248.3%

Mar 2025-12%

Jun 20252.8%

Sep 2025-28%

Dec 2025-19%

Mar 2026-23%

Jun 2026-32%

Trinity Industries, Inc. · TRN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202242%

Sep 202218%

Dec 202225%

Mar 202336%

Jun 202373%

Sep 202365%

Dec 202335%

Mar 202426%

Jun 202416%

Sep 2024-2.7%

Dec 2024-21%

Mar 2025-28%

Jun 2025-40%

Sep 2025-43%

Dec 2025-2.9%

Mar 2026-16%

Jun 2026—

Union Pacific Corporation · UNP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202214%

Sep 202218%

Dec 20227.8%

Mar 20233.3%

Jun 2023-4.9%

Sep 2023-9.5%

Dec 2023-0.3%

Mar 2024-0.4%

Jun 20240.7%

Sep 20242.5%

Dec 2024-0.6%

Mar 2025-0.1%

Jun 20252.5%

Sep 20252.5%

Dec 2025-0.6%

Mar 20263.2%

Jun 2026—

Westinghouse Air Brake Technologies Corporation · WAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20221.8%

Sep 20229.1%

Dec 202211%

Mar 202314%

Jun 202318%

Sep 202323%

Dec 20239.5%

Mar 202414%

Jun 20249.9%

Sep 20244.4%

Dec 20242.3%

Mar 20254.5%

Jun 20252.3%

Sep 20258.4%

Dec 202515%

Mar 202613%

Jun 2026—

06 · compare level, then change

Operating Economics & Margin Trend

Union Pacific Corporation has the highest OPM among the 10 Railroads companies compared here, at 39.5%. CSX Corporation is next at 36%. CSX Corporation has the highest Margin change at +5.6 percentage points, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Union Pacific Corporation leads opm at 39.5%; CSX Corporation leads margin change at +5.6 percentage points.

LeaderUnion Pacific Corporation · 39.5%

Gap9.7% versus #2 · CSX Corporation

Persistence6/8 recent comparable periods

Coverage10/10 companies · 191 observations

Investor read: Union Pacific Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Union Pacific Corporation UNP40%

2CSX Corporation CSX36%

3Canadian National Railway Company CNI35%

4Canadian Pacific Kansas City Limited CP34%

5Norfolk Southern Corporation NSC29%

Margin changefastest expanders

1CSX Corporation CSX+5.6 pp

2L.B. Foster Company FSTR+3.7 pp

3Trinity Industries, Inc. TRN+3.5 pp

4Union Pacific Corporation UNP+0.2 pp

5Canadian Pacific Kansas City Limited CP−0.7 pp

Operating margin · company comparison

10/10 level · 10/10 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Union Pacific Corporation UNP	40%	+0.2 pp	Jun 2026
CSX Corporation CSX	36%	+5.6 pp	Jun 2026
Canadian National Railway Company CNI	35%	−1.2 pp	Jun 2026
Canadian Pacific Kansas City Limited CP	34%	−0.7 pp	Jun 2026
Norfolk Southern Corporation NSC	29%	−9.0 pp	Jun 2026
Trinity Industries, Inc. TRN	21%	+3.5 pp	Jun 2026
Westinghouse Air Brake Technologies Corporation WAB	18%	−0.7 pp	Jun 2026
The Greenbrier Companies, Inc. GBX	5.5%	−5.5 pp	Jun 2026
L.B. Foster Company FSTR	1.7%	+3.7 pp	Mar 2026
FreightCar America, Inc. RAIL	-0.9%	−4.9 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Canadian National Railway Company · CNI

Sep 202137%

Dec 202142%

Mar 202233%

Jun 202241%

Sep 202243%

Dec 202242%

Mar 202339%

Jun 202339%

Sep 202338%

Dec 202341%

Mar 202436%

Jun 202436%

Sep 202437%

Dec 202437%

Mar 202537%

Jun 202538%

Sep 202539%

Dec 202539%

Mar 202635%

Jun 2026—

Canadian Pacific Kansas City Limited · CP

Sep 202140%

Dec 202141%

Mar 202229%

Jun 202239%

Sep 202241%

Dec 202240%

Mar 202337%

Jun 202330%

Sep 202335%

Dec 202338%

Mar 202433%

Jun 202435%

Sep 202434%

Dec 202440%

Mar 202535%

Jun 202536%

Sep 202537%

Dec 202541%

Mar 202634%

Jun 2026—

CSX Corporation · CSX

Sep 202144%

Dec 202140%

Mar 202238%

Jun 202245%

Sep 202241%

Dec 202237%

Mar 202340%

Jun 202340%

Sep 202336%

Dec 202334%

Mar 202436%

Jun 202439%

Sep 202437%

Dec 202431%

Mar 202530%

Jun 202536%

Sep 202530%

Dec 202532%

Mar 202636%

Jun 2026—

FreightCar America, Inc. · RAIL

Sep 2021-7.1%

Dec 20210.1%

Mar 2022-0.7%

Jun 20224.5%

Sep 2022-12%

Dec 2022-4.8%

Mar 20231.4%

Jun 20238.7%

Sep 20232.3%

Dec 20230.2%

Mar 20242.4%

Jun 20248.9%

Sep 20247.6%

Dec 20248.5%

Mar 20254.0%

Jun 20256.5%

Sep 20259.1%

Dec 20256.2%

Mar 2026-0.9%

Jun 2026—

L.B. Foster Company · FSTR

Sep 20210.6%

Dec 2021-0.5%

Mar 2022-2.3%

Jun 20221.9%

Sep 2022-0.9%

Dec 2022-4.6%

Mar 20230.5%

Jun 20234.5%

Sep 20231.1%

Dec 20230.2%

Mar 20244.5%

Jun 20243.2%

Sep 20245.3%

Dec 20242.4%

Mar 2025-2.0%

Jun 20255.3%

Sep 20256.0%

Dec 20254.9%

Mar 20261.7%

Jun 2026—

Norfolk Southern Corporation · NSC

Sep 202140%

Dec 202140%

Mar 202237%

Jun 202239%

Sep 202238%

Dec 202237%

Mar 202323%

Jun 202319%

Sep 202325%

Dec 202326%

Mar 20247.1%

Jun 202437%

Sep 202452%

Dec 202437%

Mar 202538%

Jun 202538%

Sep 202535%

Dec 202532%

Mar 202629%

Jun 2026—

The Greenbrier Companies, Inc. · GBX

Sep 20217.2%

Dec 20212.1%

Mar 20223.7%

Jun 20222.5%

Sep 20226.5%

Dec 2022-0.6%

Mar 20236.0%

Jun 20234.9%

Sep 20236.2%

Dec 20238.0%

Mar 20247.4%

Jun 20248.8%

Sep 202412%

Dec 202413%

Mar 202511%

Jun 202511%

Sep 20259.5%

Dec 20258.7%

Mar 20264.3%

Jun 20265.5%

Trinity Industries, Inc. · TRN

Sep 202119%

Dec 202115%

Mar 202212%

Jun 202218%

Sep 202219%

Dec 202219%

Mar 202311%

Jun 202314%

Sep 202312%

Dec 202319%

Mar 202414%

Jun 202417%

Sep 202415%

Dec 202418%

Mar 202517%

Jun 202519%

Sep 202526%

Dec 202555%

Mar 202621%

Jun 2026—

Union Pacific Corporation · UNP

Sep 202144%

Dec 202143%

Mar 202241%

Jun 202240%

Sep 202240%

Dec 202239%

Mar 202338%

Jun 202337%

Sep 202337%

Dec 202339%

Mar 202439%

Jun 202440%

Sep 202440%

Dec 202441%

Mar 202539%

Jun 202541%

Sep 202541%

Dec 202540%

Mar 202640%

Jun 2026—

Westinghouse Air Brake Technologies Corporation · WAB

Sep 202111%

Dec 202113%

Mar 202212%

Jun 202213%

Sep 202213%

Dec 202211%

Mar 202313%

Jun 202313%

Sep 202315%

Dec 202312%

Mar 202417%

Jun 202416%

Sep 202416%

Dec 202413%

Mar 202518%

Jun 202517%

Sep 202517%

Dec 202512%

Mar 202618%

Jun 2026—

Margin change · reported quarter history

Canadian National Railway Company · CNI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+2.3 pp

Sep 2022+5.5 pp

Dec 2022+0.4 pp

Mar 2023+5.4 pp

Jun 2023−1.3 pp

Sep 2023−4.8 pp

Dec 2023−1.4 pp

Mar 2024−2.1 pp

Jun 2024−3.4 pp

Sep 2024−1.1 pp

Dec 2024−3.3 pp

Mar 2025+0.2 pp

Jun 2025+2.3 pp

Sep 2025+1.7 pp

Dec 2025+1.4 pp

Mar 2026−1.2 pp

Jun 2026—

Canadian Pacific Kansas City Limited · CP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−0.5 pp

Sep 2022+0.6 pp

Dec 2022−0.6 pp

Mar 2023+7.5 pp

Jun 2023−9.7 pp

Sep 2023−5.4 pp

Dec 2023−2.0 pp

Mar 2024−4.0 pp

Jun 2024+5.5 pp

Sep 2024−1.2 pp

Dec 2024+2.1 pp

Mar 2025+2.1 pp

Jun 2025+1.1 pp

Sep 2025+2.6 pp

Dec 2025+0.8 pp

Mar 2026−0.7 pp

Jun 2026—

CSX Corporation · CSX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−12.0 pp

Sep 2022−3.1 pp

Dec 2022−2.6 pp

Mar 2023+1.9 pp

Jun 2023−5.0 pp

Sep 2023−4.9 pp

Dec 2023−3.1 pp

Mar 2024−3.2 pp

Jun 2024−0.5 pp

Sep 2024+1.8 pp

Dec 2024−2.9 pp

Mar 2025−5.9 pp

Jun 2025−3.2 pp

Sep 2025−7.1 pp

Dec 2025+0.3 pp

Mar 2026+5.6 pp

Jun 2026—

FreightCar America, Inc. · RAIL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+15.7 pp

Sep 2022−5.3 pp

Dec 2022−4.9 pp

Mar 2023+2.1 pp

Jun 2023+4.2 pp

Sep 2023+14.7 pp

Dec 2023+5.0 pp

Mar 2024+1.0 pp

Jun 2024+0.2 pp

Sep 2024+5.3 pp

Dec 2024+8.3 pp

Mar 2025+1.6 pp

Jun 2025−2.4 pp

Sep 2025+1.5 pp

Dec 2025−2.3 pp

Mar 2026−4.9 pp

Jun 2026—

L.B. Foster Company · FSTR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−1.3 pp

Sep 2022−1.5 pp

Dec 2022−4.1 pp

Mar 2023+2.8 pp

Jun 2023+2.6 pp

Sep 2023+2.0 pp

Dec 2023+4.8 pp

Mar 2024+4.0 pp

Jun 2024−1.3 pp

Sep 2024+4.2 pp

Dec 2024+2.2 pp

Mar 2025−6.5 pp

Jun 2025+2.1 pp

Sep 2025+0.7 pp

Dec 2025+2.5 pp

Mar 2026+3.7 pp

Jun 2026—

Norfolk Southern Corporation · NSC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−2.6 pp

Sep 2022−1.8 pp

Dec 2022−3.1 pp

Mar 2023−14.5 pp

Jun 2023−19.8 pp

Sep 2023−12.6 pp

Dec 2023−10.2 pp

Mar 2024−15.6 pp

Jun 2024+17.9 pp

Sep 2024+26.9 pp

Dec 2024+11.1 pp

Mar 2025+31.2 pp

Jun 2025+0.6 pp

Sep 2025−16.9 pp

Dec 2025−5.9 pp

Mar 2026−9.0 pp

Jun 2026—

The Greenbrier Companies, Inc. · GBX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.7 pp

Dec 2022−2.7 pp

Mar 2023+2.3 pp

Jun 2023+2.4 pp

Sep 2023−0.3 pp

Dec 2023+8.6 pp

Mar 2024+1.4 pp

Jun 2024+3.9 pp

Sep 2024+5.6 pp

Dec 2024+4.8 pp

Mar 2025+3.6 pp

Jun 2025+2.2 pp

Sep 2025−2.3 pp

Dec 2025−4.1 pp

Mar 2026−6.7 pp

Jun 2026−5.5 pp

Trinity Industries, Inc. · TRN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−2.2 pp

Sep 20220.0 pp

Dec 2022+4.5 pp

Mar 2023−0.8 pp

Jun 2023−3.8 pp

Sep 2023−6.5 pp

Dec 2023−0.6 pp

Mar 2024+3.4 pp

Jun 2024+3.2 pp

Sep 2024+3.1 pp

Dec 2024−0.8 pp

Mar 2025+2.8 pp

Jun 2025+1.9 pp

Sep 2025+10.8 pp

Dec 2025+37.1 pp

Mar 2026+3.5 pp

Jun 2026—

Union Pacific Corporation · UNP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−5.1 pp

Sep 2022−3.6 pp

Dec 2022−3.6 pp

Mar 2023−2.7 pp

Jun 2023−2.8 pp

Sep 2023−3.5 pp

Dec 2023+0.1 pp

Mar 2024+1.4 pp

Jun 2024+3.0 pp

Sep 2024+3.1 pp

Dec 2024+2.2 pp

Mar 20250.0 pp

Jun 2025+1.0 pp

Sep 2025+1.1 pp

Dec 2025−1.8 pp

Mar 2026+0.2 pp

Jun 2026—

Westinghouse Air Brake Technologies Corporation · WAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+2.8 pp

Sep 2022+1.1 pp

Dec 2022−2.0 pp

Mar 2023+0.2 pp

Jun 2023+0.1 pp

Sep 2023+2.0 pp

Dec 2023+1.5 pp

Mar 2024+3.9 pp

Jun 2024+3.3 pp

Sep 2024+1.8 pp

Dec 2024+0.7 pp

Mar 2025+1.7 pp

Jun 2025+1.1 pp

Sep 2025+0.7 pp

Dec 2025−0.9 pp

Mar 2026−0.7 pp

Jun 2026—

07 · compare level, then change

Profit Scale & Acceleration

The Greenbrier Companies, Inc. has the highest Net profit among the 10 Railroads companies compared here, at $109 million. FreightCar America, Inc. is next at $30 million. The same company also holds the highest Profit growth, at -54.2%. 3 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: The Greenbrier Companies, Inc. leads with $109 million of TTM profit, 263.3% above FreightCar America, Inc.. The Greenbrier Companies, Inc. shows -54.2% growth from a $109 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderThe Greenbrier Companies, Inc. · $109 million

Gap263.3% versus #2 · FreightCar America, Inc.

Persistence4/8 recent comparable periods

Coverage3/10 companies · 191 observations

Investor read: The Greenbrier Companies, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1The Greenbrier Companies, Inc. GBX$109M

2FreightCar America, Inc. RAIL$30M

3L.B. Foster Company FSTR$10M

Profit growthfastest growers

1The Greenbrier Companies, Inc. GBX-54%

Net profit · company comparison

3/10 level · 1/10 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Union Pacific Corporation UNP	$1.7B	4.6%	Jun 2026
Canadian National Railway Company CNI	$1.1B	-1.3%	Jun 2026
Canadian Pacific Kansas City Limited CP	$845M	-7.0%	Jun 2026
CSX Corporation CSX	$807M	25%	Jun 2026
Norfolk Southern Corporation NSC	$547M	-27%	Jun 2026
Westinghouse Air Brake Technologies Corporation WAB	$363M	11%	Jun 2026
FreightCar America, Inc. RAIL	$42M	-16%	Mar 2026
Trinity Industries, Inc. TRN	$27M	-6.9%	Jun 2026
The Greenbrier Companies, Inc. GBX	$18M	-74%	Jun 2026
L.B. Foster Company FSTR	$1M	-89%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Canadian National Railway Company · CNI

Sep 2021$1.7B

Dec 2021$1.2B

Mar 2022$918M

Jun 2022$1.3B

Sep 2022$1.5B

Dec 2022$1.4B

Mar 2023$1.2B

Jun 2023$1.2B

Sep 2023$1.1B

Dec 2023$2.1B

Mar 2024$1.1B

Jun 2024$1.1B

Sep 2024$1.1B

Dec 2024$1.1B

Mar 2025$1.2B

Jun 2025$1.2B

Sep 2025$1.1B

Dec 2025$1.2B

Mar 2026$1.1B

Jun 2026—

Canadian Pacific Kansas City Limited · CP

Sep 2021$472M

Dec 2021$532M

Mar 2022$590M

Jun 2022$765M

Sep 2022$891M

Dec 2022$1.3B

Mar 2023$800M

Jun 2023$1.3B

Sep 2023$780M

Dec 2023$1.0B

Mar 2024$774M

Jun 2024$903M

Sep 2024$837M

Dec 2024$1.2B

Mar 2025$909M

Jun 2025$1.2B

Sep 2025$917M

Dec 2025$1.1B

Mar 2026$845M

Jun 2026—

CSX Corporation · CSX

Sep 2021$968M

Dec 2021$934M

Mar 2022$859M

Jun 2022$1.2B

Sep 2022$1.1B

Dec 2022$966M

Mar 2023$987M

Jun 2023$984M

Sep 2023$828M

Dec 2023$839M

Mar 2024$880M

Jun 2024$963M

Sep 2024$894M

Dec 2024$733M

Mar 2025$646M

Jun 2025$829M

Sep 2025$694M

Dec 2025$720M

Mar 2026$807M

Jun 2026—

FreightCar America, Inc. · RAIL

Sep 2021$1M

Dec 2021$1M

Mar 2022$-26M

Jun 2022$15M

Sep 2022$-18M

Dec 2022$-10M

Mar 2023$-5M

Jun 2023$-19M

Sep 2023$3M

Dec 2023$-3M

Mar 2024$-12M

Jun 2024$8M

Sep 2024$-107M

Dec 2024$35M

Mar 2025$50M

Jun 2025$12M

Sep 2025$-7M

Dec 2025$-17M

Mar 2026$42M

Jun 2026—

L.B. Foster Company · FSTR

Sep 2021$2M

Dec 2021$0M

Mar 2022$-2M

Jun 2022$2M

Sep 2022$-2M

Dec 2022$-44M

Mar 2023$-2M

Jun 2023$3M

Sep 2023$0M

Dec 2023$0M

Mar 2024$4M

Jun 2024$3M

Sep 2024$36M

Dec 2024$0M

Mar 2025$-2M

Jun 2025$3M

Sep 2025$4M

Dec 2025$2M

Mar 2026$1M

Jun 2026—

Norfolk Southern Corporation · NSC

Sep 2021$753M

Dec 2021$760M

Mar 2022$703M

Jun 2022$819M

Sep 2022$958M

Dec 2022$790M

Mar 2023$466M

Jun 2023$356M

Sep 2023$478M

Dec 2023$527M

Mar 2024$53M

Jun 2024$737M

Sep 2024$1.1B

Dec 2024$733M

Mar 2025$750M

Jun 2025$768M

Sep 2025$711M

Dec 2025$644M

Mar 2026$547M

Jun 2026—

The Greenbrier Companies, Inc. · GBX

Sep 2021$36M

Dec 2021$6M

Mar 2022$11M

Jun 2022$8M

Sep 2022$29M

Dec 2022$-17M

Mar 2023$37M

Jun 2023$27M

Sep 2023$29M

Dec 2023$33M

Mar 2024$34M

Jun 2024$41M

Sep 2024$65M

Dec 2024$59M

Mar 2025$46M

Jun 2025$68M

Sep 2025$40M

Dec 2025$37M

Mar 2026$14M

Jun 2026$18M

Trinity Industries, Inc. · TRN

Sep 2021$26M

Dec 2021$22M

Mar 2022$10M

Jun 2022$17M

Sep 2022$30M

Dec 2022$43M

Mar 2023$17M

Jun 2023$24M

Sep 2023$26M

Dec 2023$73M

Mar 2024$32M

Jun 2024$58M

Sep 2024$41M

Dec 2024$41M

Mar 2025$29M

Jun 2025$22M

Sep 2025$37M

Dec 2025$197M

Mar 2026$27M

Jun 2026—

Union Pacific Corporation · UNP

Sep 2021$1.7B

Dec 2021$1.7B

Mar 2022$1.6B

Jun 2022$1.8B

Sep 2022$1.9B

Dec 2022$1.6B

Mar 2023$1.6B

Jun 2023$1.6B

Sep 2023$1.5B

Dec 2023$1.7B

Mar 2024$1.6B

Jun 2024$1.7B

Sep 2024$1.7B

Dec 2024$1.8B

Mar 2025$1.6B

Jun 2025$1.9B

Sep 2025$1.8B

Dec 2025$1.8B

Mar 2026$1.7B

Jun 2026—

Westinghouse Air Brake Technologies Corporation · WAB

Sep 2021$132M

Dec 2021$193M

Mar 2022$150M

Jun 2022$169M

Sep 2022$163M

Dec 2022$159M

Mar 2023$173M

Jun 2023$193M

Sep 2023$242M

Dec 2023$217M

Mar 2024$277M

Jun 2024$291M

Sep 2024$286M

Dec 2024$213M

Mar 2025$327M

Jun 2025$339M

Sep 2025$313M

Dec 2025$204M

Mar 2026$363M

Jun 2026—

Profit growth · reported quarter history

Canadian National Railway Company · CNI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202228%

Sep 2022-14%

Dec 202218%

Mar 202333%

Jun 2023-12%

Sep 2023-24%

Dec 202350%

Mar 2024-9.6%

Jun 2024-4.5%

Sep 2024-2.1%

Dec 2024-46%

Mar 20255.3%

Jun 20255.2%

Sep 20255.0%

Dec 20258.9%

Mar 2026-1.3%

Jun 2026—

Canadian Pacific Kansas City Limited · CP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-39%

Sep 202289%

Dec 2022139%

Mar 202336%

Jun 202373%

Sep 2023-12%

Dec 2023-20%

Mar 2024-3.3%

Jun 2024-32%

Sep 20247.3%

Dec 202418%

Mar 202517%

Jun 202537%

Sep 20259.6%

Dec 2025-10%

Mar 2026-7.0%

Jun 2026—

CSX Corporation · CSX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20220.4%

Sep 202215%

Dec 20223.4%

Mar 202315%

Jun 2023-16%

Sep 2023-25%

Dec 2023-13%

Mar 2024-11%

Jun 2024-2.1%

Sep 20248.0%

Dec 2024-13%

Mar 2025-27%

Jun 2025-14%

Sep 2025-22%

Dec 2025-1.8%

Mar 202625%

Jun 2026—

FreightCar America, Inc. · RAIL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-1,900%

Dec 2022-1,100%

Mar 2023—

Jun 2023-227%

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024-3,667%

Dec 2024—

Mar 2025—

Jun 202550%

Sep 2025—

Dec 2025-149%

Mar 2026-16%

Jun 2026—

L.B. Foster Company · FSTR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-33%

Sep 2022-200%

Dec 2022—

Mar 2023—

Jun 202350%

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20240.0%

Sep 2024—

Dec 2024—

Mar 2025-150%

Jun 20250.0%

Sep 2025-89%

Dec 2025—

Mar 2026—

Jun 2026—

Norfolk Southern Corporation · NSC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20220.0%

Sep 202227%

Dec 20224.0%

Mar 2023-34%

Jun 2023-57%

Sep 2023-50%

Dec 2023-33%

Mar 2024-89%

Jun 2024107%

Sep 2024130%

Dec 202439%

Mar 20251,315%

Jun 20254.2%

Sep 2025-35%

Dec 2025-12%

Mar 2026-27%

Jun 2026—

The Greenbrier Companies, Inc. · GBX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022-19%

Dec 2022-383%

Mar 2023236%

Jun 2023238%

Sep 20230.0%

Dec 2023—

Mar 2024-8.1%

Jun 202452%

Sep 2024124%

Dec 202479%

Mar 202535%

Jun 202566%

Sep 2025-38%

Dec 2025-37%

Mar 2026-70%

Jun 2026-74%

Trinity Industries, Inc. · TRN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202215%

Dec 202295%

Mar 202370%

Jun 202341%

Sep 2023-13%

Dec 202370%

Mar 202488%

Jun 2024142%

Sep 202458%

Dec 2024-44%

Mar 2025-9.4%

Jun 2025-62%

Sep 2025-9.8%

Dec 2025380%

Mar 2026-6.9%

Jun 2026—

Union Pacific Corporation · UNP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20222.1%

Sep 202213%

Dec 2022-4.3%

Mar 20230.0%

Jun 2023-15%

Sep 2023-19%

Dec 20230.9%

Mar 20240.7%

Jun 20246.6%

Sep 20249.4%

Dec 20246.7%

Mar 2025-0.9%

Jun 202512%

Sep 20257.0%

Dec 20254.9%

Mar 20264.6%

Jun 2026—

Westinghouse Air Brake Technologies Corporation · WAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202235%

Sep 202223%

Dec 2022-18%

Mar 202315%

Jun 202314%

Sep 202348%

Dec 202336%

Mar 202460%

Jun 202451%

Sep 202418%

Dec 2024-1.8%

Mar 202518%

Jun 202516%

Sep 20259.4%

Dec 2025-4.2%

Mar 202611%

Jun 2026—

08 · compare level, then change

Return On Capital Employed

Union Pacific Corporation has the highest ROCE among the 10 Railroads companies compared here, at 4.3%. CSX Corporation is next at 3.7%. L.B. Foster Company has the highest ROCE change at +1.5 percentage points, so level and change sit with different companies. 10 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Union Pacific Corporation leads ROCE at 4.3%, 0.6 percentage points above CSX Corporation. L.B. Foster Company has the strongest latest improvement at +1.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderUnion Pacific Corporation · 4.3%

Gap16.2% versus #2 · CSX Corporation

Persistence6/8 recent comparable periods

Coverage10/10 companies · 197 observations

Investor read: Union Pacific Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1Union Pacific Corporation UNP4.3%

2CSX Corporation CSX3.7%

3Westinghouse Air Brake Technologies Corporation WAB3.5%

4Canadian National Railway Company CNI3.2%

5Norfolk Southern Corporation NSC2.7%

ROCE changefastest improvers

1L.B. Foster Company FSTR+1.5 pp

2Trinity Industries, Inc. TRN+1.4 pp

3Westinghouse Air Brake Technologies Corporation WAB+0.6 pp

4CSX Corporation CSX+0.5 pp

5Union Pacific Corporation UNP+0.3 pp

Return on capital · company comparison

10/10 level · 10/10 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Union Pacific Corporation UNP	4.3%	+0.3 pp	Jun 2026
CSX Corporation CSX	3.7%	+0.5 pp	Jun 2026
Westinghouse Air Brake Technologies Corporation WAB	3.5%	+0.6 pp	Jun 2026
Canadian National Railway Company CNI	3.2%	0.0 pp	Jun 2026
Norfolk Southern Corporation NSC	2.7%	−0.3 pp	Jun 2026
Trinity Industries, Inc. TRN	2.5%	+1.4 pp	Jun 2026
Canadian Pacific Kansas City Limited CP	1.8%	+0.1 pp	Jun 2026
The Greenbrier Companies, Inc. GBX	0.9%	−2.0 pp	Jun 2026
L.B. Foster Company FSTR	0.8%	+1.5 pp	Mar 2026
FreightCar America, Inc. RAIL	-0.3%	−3.2 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Canadian National Railway Company · CNI

Sep 20213.1%

Dec 20213.6%

Mar 20222.8%

Jun 20224.1%

Sep 20224.2%

Dec 20224.1%

Mar 20233.7%

Jun 20233.5%

Sep 20233.2%

Dec 20233.8%

Mar 20243.3%

Jun 20243.2%

Sep 20243.1%

Dec 20243.2%

Mar 20253.2%

Jun 20253.2%

Sep 20253.1%

Dec 20253.2%

Mar 20262.9%

Jun 20263.2%

Canadian Pacific Kansas City Limited · CP

Sep 20213.5%

Dec 20211.9%

Mar 20221.3%

Jun 20222.0%

Sep 20222.0%

Dec 20221.5%

Mar 20231.2%

Jun 20231.3%

Sep 20231.6%

Dec 20232.0%

Mar 20241.6%

Jun 20241.7%

Sep 20241.6%

Dec 20242.0%

Mar 20251.7%

Jun 20251.7%

Sep 20251.7%

Dec 20252.0%

Mar 20261.5%

Jun 20261.8%

CSX Corporation · CSX

Sep 20213.8%

Dec 20213.6%

Mar 20223.4%

Jun 20224.5%

Sep 20224.1%

Dec 20223.6%

Mar 20233.8%

Jun 20233.8%

Sep 20233.2%

Dec 20233.2%

Mar 20243.4%

Jun 20243.7%

Sep 20243.4%

Dec 20242.8%

Mar 20252.6%

Jun 20253.2%

Sep 20252.7%

Dec 20252.8%

Mar 20263.1%

Jun 20263.7%

FreightCar America, Inc. · RAIL

Sep 2021-3.6%

Dec 20210.1%

Mar 2022-0.6%

Jun 20222.2%

Sep 2022-8.5%

Dec 2022-5.5%

Mar 20231.0%

Jun 20236.5%

Sep 20231.0%

Dec 20230.2%

Mar 20243.6%

Jun 202411%

Sep 20246.1%

Dec 20248.8%

Mar 20252.9%

Jun 20254.6%

Sep 20258.3%

Dec 20254.5%

Mar 2026-0.3%

Jun 2026—

L.B. Foster Company · FSTR

Sep 20210.3%

Dec 2021-0.2%

Mar 2022-0.9%

Jun 20220.9%

Sep 2022-0.4%

Dec 2022-2.4%

Mar 20230.2%

Jun 20232.5%

Sep 20230.6%

Dec 20230.1%

Mar 20242.3%

Jun 20241.8%

Sep 20242.9%

Dec 20241.3%

Mar 2025-0.7%

Jun 20252.9%

Sep 20253.1%

Dec 20253.2%

Mar 20260.8%

Jun 2026—

Norfolk Southern Corporation · NSC

Sep 20213.1%

Dec 20213.1%

Mar 20223.0%

Jun 20223.5%

Sep 20223.5%

Dec 20223.3%

Mar 20232.0%

Jun 20231.6%

Sep 20232.0%

Dec 20232.1%

Mar 20240.6%

Jun 20243.0%

Sep 20244.1%

Dec 20242.9%

Mar 20252.9%

Jun 20253.0%

Sep 20252.7%

Dec 20252.3%

Mar 20262.1%

Jun 20262.7%

The Greenbrier Companies, Inc. · GBX

Sep 2021—

Dec 20210.5%

Mar 20221.0%

Jun 20220.8%

Sep 20222.4%

Dec 2022-0.2%

Mar 20232.4%

Jun 20231.8%

Sep 20232.2%

Dec 20232.2%

Mar 20242.2%

Jun 20242.5%

Sep 20243.9%

Dec 20243.6%

Mar 20252.7%

Jun 20252.9%

Sep 20252.0%

Dec 20251.8%

Mar 20260.7%

Jun 20260.9%

Trinity Industries, Inc. · TRN

Sep 20211.0%

Dec 20210.9%

Mar 20220.7%

Jun 20220.9%

Sep 20221.2%

Dec 20221.4%

Mar 20230.9%

Jun 20231.2%

Sep 20231.2%

Dec 20231.8%

Mar 20241.4%

Jun 20241.7%

Sep 20241.5%

Dec 20241.4%

Mar 20251.2%

Jun 20251.1%

Sep 20251.4%

Dec 20254.2%

Mar 20261.3%

Jun 20262.5%

Union Pacific Corporation · UNP

Sep 20214.2%

Dec 20214.2%

Mar 20224.1%

Jun 20224.3%

Sep 20224.5%

Dec 20224.1%

Mar 20233.9%

Jun 20233.7%

Sep 20233.6%

Dec 20233.9%

Mar 20243.9%

Jun 20243.9%

Sep 20243.9%

Dec 20244.1%

Mar 20253.8%

Jun 20254.0%

Sep 20254.1%

Dec 20253.8%

Mar 20263.9%

Jun 20264.3%

Westinghouse Air Brake Technologies Corporation · WAB

Sep 20211.4%

Dec 20211.7%

Mar 20221.5%

Jun 20221.7%

Sep 20221.7%

Dec 20221.6%

Mar 20231.8%

Jun 20232.1%

Sep 20232.5%

Dec 20232.1%

Mar 20242.7%

Jun 20242.9%

Sep 20242.9%

Dec 20242.2%

Mar 20253.1%

Jun 20252.9%

Sep 20253.0%

Dec 20252.2%

Mar 20263.2%

Jun 20263.5%

ROCE change · reported quarter history

Canadian National Railway Company · CNI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.1 pp

Dec 2022+0.5 pp

Mar 2023+0.9 pp

Jun 2023−0.6 pp

Sep 2023−1.0 pp

Dec 2023−0.3 pp

Mar 2024−0.4 pp

Jun 2024−0.3 pp

Sep 2024−0.1 pp

Dec 2024−0.6 pp

Mar 2025−0.1 pp

Jun 20250.0 pp

Sep 20250.0 pp

Dec 20250.0 pp

Mar 2026−0.3 pp

Jun 20260.0 pp

Canadian Pacific Kansas City Limited · CP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.5 pp

Dec 2022−0.4 pp

Mar 2023−0.1 pp

Jun 2023−0.7 pp

Sep 2023−0.4 pp

Dec 2023+0.5 pp

Mar 2024+0.4 pp

Jun 2024+0.4 pp

Sep 20240.0 pp

Dec 20240.0 pp

Mar 2025+0.1 pp

Jun 20250.0 pp

Sep 2025+0.1 pp

Dec 20250.0 pp

Mar 2026−0.2 pp

Jun 2026+0.1 pp

CSX Corporation · CSX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.3 pp

Dec 20220.0 pp

Mar 2023+0.4 pp

Jun 2023−0.7 pp

Sep 2023−0.9 pp

Dec 2023−0.4 pp

Mar 2024−0.4 pp

Jun 2024−0.1 pp

Sep 2024+0.2 pp

Dec 2024−0.4 pp

Mar 2025−0.8 pp

Jun 2025−0.5 pp

Sep 2025−0.7 pp

Dec 20250.0 pp

Mar 2026+0.5 pp

Jun 2026+0.5 pp

FreightCar America, Inc. · RAIL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−4.9 pp

Dec 2022−5.6 pp

Mar 2023+1.6 pp

Jun 2023+4.3 pp

Sep 2023+9.5 pp

Dec 2023+5.7 pp

Mar 2024+2.6 pp

Jun 2024+4.0 pp

Sep 2024+5.1 pp

Dec 2024+8.6 pp

Mar 2025−0.7 pp

Jun 2025−5.9 pp

Sep 2025+2.2 pp

Dec 2025−4.3 pp

Mar 2026−3.2 pp

Jun 2026—

L.B. Foster Company · FSTR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.7 pp

Dec 2022−2.2 pp

Mar 2023+1.1 pp

Jun 2023+1.6 pp

Sep 2023+1.0 pp

Dec 2023+2.5 pp

Mar 2024+2.1 pp

Jun 2024−0.7 pp

Sep 2024+2.3 pp

Dec 2024+1.2 pp

Mar 2025−3.0 pp

Jun 2025+1.1 pp

Sep 2025+0.2 pp

Dec 2025+1.9 pp

Mar 2026+1.5 pp

Jun 2026—

Norfolk Southern Corporation · NSC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.4 pp

Dec 2022+0.2 pp

Mar 2023−1.0 pp

Jun 2023−1.9 pp

Sep 2023−1.5 pp

Dec 2023−1.2 pp

Mar 2024−1.4 pp

Jun 2024+1.4 pp

Sep 2024+2.1 pp

Dec 2024+0.8 pp

Mar 2025+2.3 pp

Jun 20250.0 pp

Sep 2025−1.4 pp

Dec 2025−0.6 pp

Mar 2026−0.8 pp

Jun 2026−0.3 pp

The Greenbrier Companies, Inc. · GBX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022−0.7 pp

Mar 2023+1.4 pp

Jun 2023+1.0 pp

Sep 2023−0.2 pp

Dec 2023+2.4 pp

Mar 2024−0.2 pp

Jun 2024+0.7 pp

Sep 2024+1.7 pp

Dec 2024+1.4 pp

Mar 2025+0.5 pp

Jun 2025+0.4 pp

Sep 2025−1.9 pp

Dec 2025−1.8 pp

Mar 2026−2.0 pp

Jun 2026−2.0 pp

Trinity Industries, Inc. · TRN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.2 pp

Dec 2022+0.5 pp

Mar 2023+0.2 pp

Jun 2023+0.3 pp

Sep 20230.0 pp

Dec 2023+0.4 pp

Mar 2024+0.5 pp

Jun 2024+0.5 pp

Sep 2024+0.3 pp

Dec 2024−0.4 pp

Mar 2025−0.2 pp

Jun 2025−0.6 pp

Sep 2025−0.1 pp

Dec 2025+2.8 pp

Mar 2026+0.1 pp

Jun 2026+1.4 pp

Union Pacific Corporation · UNP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.3 pp

Dec 2022−0.1 pp

Mar 2023−0.2 pp

Jun 2023−0.6 pp

Sep 2023−0.9 pp

Dec 2023−0.2 pp

Mar 20240.0 pp

Jun 2024+0.2 pp

Sep 2024+0.3 pp

Dec 2024+0.2 pp

Mar 2025−0.1 pp

Jun 2025+0.1 pp

Sep 2025+0.2 pp

Dec 2025−0.3 pp

Mar 2026+0.1 pp

Jun 2026+0.3 pp

Westinghouse Air Brake Technologies Corporation · WAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.3 pp

Dec 2022−0.1 pp

Mar 2023+0.3 pp

Jun 2023+0.4 pp

Sep 2023+0.8 pp

Dec 2023+0.5 pp

Mar 2024+0.9 pp

Jun 2024+0.8 pp

Sep 2024+0.4 pp

Dec 2024+0.1 pp

Mar 2025+0.4 pp

Jun 20250.0 pp

Sep 2025+0.1 pp

Dec 20250.0 pp

Mar 2026+0.1 pp

Jun 2026+0.6 pp

09 · compare level, then change

Valuation Against Growth & Quality

The Greenbrier Companies, Inc. has the lowest PEG among the 10 Railroads companies compared here, at 0.27×. Trinity Industries, Inc. has the lowest P/E at 8.31×, so level and change sit with different companies. 1 of 10 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: The Greenbrier Companies, Inc. has the lowest comparable PEG at 0.27×. Only 1 of 10 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderThe Greenbrier Companies, Inc. · 0.27×

GapNot enough peers

Persistence0/8 recent comparable periods

Coverage1/10 companies · 48 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1The Greenbrier Companies, Inc. GBX0.3

P/Elowest P/E

1Trinity Industries, Inc. TRN8.3

2FreightCar America, Inc. RAIL10.8

3The Greenbrier Companies, Inc. GBX14.0

4Canadian National Railway Company CNI21.7

5Union Pacific Corporation UNP22.0

Valuation · company comparison

1/10 level · 10/10 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Westinghouse Air Brake Technologies Corporation WAB	3.3	36.2	Jun 2026
Canadian National Railway Company CNI	2.9	21.8	Jun 2026
Canadian Pacific Kansas City Limited CP	2.8	28.6	Jun 2026
Trinity Industries, Inc. TRN	2.4	8.3	Jun 2026
Norfolk Southern Corporation NSC	2.2	26.8	Jun 2026
Union Pacific Corporation UNP	2.1	22.0	Jun 2026
CSX Corporation CSX	1.5	27.5	Jun 2026
The Greenbrier Companies, Inc. GBX	0.3	14.0	Jun 2026
L.B. Foster Company FSTR	—	27.1	Mar 2026
FreightCar America, Inc. RAIL	—	10.8	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Canadian National Railway Company · CNI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.2

Jun 20232.9

Sep 2023—

Dec 20231.3

Mar 20243.4

Jun 20242.3

Sep 20241.2

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 20252.2

Mar 20262.9

Jun 2026—

Canadian Pacific Kansas City Limited · CP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20230.4

Sep 20230.5

Dec 20232.1

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20251.2

Sep 20251.1

Dec 20251.7

Mar 20262.8

Jun 2026—

CSX Corporation · CSX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.0

Jun 20231.5

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Norfolk Southern Corporation · NSC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20233.3

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20241.4

Dec 20240.5

Mar 2025—

Jun 2025—

Sep 20251.0

Dec 20252.2

Mar 2026—

Jun 2026—

The Greenbrier Companies, Inc. · GBX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20230.7

Sep 20234.5

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20250.3

Dec 2025—

Mar 2026—

Jun 2026—

Trinity Industries, Inc. · TRN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.4

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20240.8

Mar 20252.4

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Union Pacific Corporation · UNP

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20232.4

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 20243.3

Mar 20253.5

Jun 20252.4

Sep 20252.5

Dec 20252.4

Mar 20262.1

Jun 2026—

Westinghouse Air Brake Technologies Corporation · WAB

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20232.2

Jun 20233.3

Sep 20231.6

Dec 20230.9

Mar 20240.7

Jun 20240.5

Sep 20240.7

Dec 20240.9

Mar 20251.2

Jun 20251.8

Sep 20252.0

Dec 20252.4

Mar 20263.3

Jun 2026—

P/E · reported quarter history

Canadian National Railway Company · CNI

Sep 202122.1

Dec 202122.5

Mar 202224.5

Jun 202219.8

Sep 202221.2

Dec 202221.7

Mar 202320.0

Jun 202320.5

Sep 202320.0

Dec 202319.5

Mar 202421.1

Jun 202419.1

Sep 202418.7

Dec 202420.8

Mar 202519.6

Jun 202519.5

Sep 202517.8

Dec 202517.9

Mar 202618.8

Jun 202621.8

Canadian Pacific Kansas City Limited · CP

Sep 202117.8

Dec 202121.8

Mar 202226.3

Jun 202231.1

Sep 202229.3

Dec 202226.9

Mar 202326.0

Jun 202323.3

Sep 202322.6

Dec 202324.9

Mar 202428.5

Jun 202428.8

Sep 202430.5

Dec 202426.1

Mar 202524.5

Jun 202524.1

Sep 202522.6

Dec 202522.4

Mar 202624.4

Jun 202628.6

CSX Corporation · CSX

Sep 202118.7

Dec 202122.4

Mar 202221.3

Jun 202216.3

Sep 202214.3

Dec 202216.1

Mar 202314.8

Jun 202317.2

Sep 202316.4

Dec 202319.1

Mar 202420.6

Jun 202418.6

Sep 202418.7

Dec 202418.0

Mar 202517.6

Jun 202520.1

Sep 202523.2

Dec 202523.5

Mar 202625.2

Jun 202627.5

FreightCar America, Inc. · RAIL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20253.7

Dec 202510.2

Mar 202610.8

Jun 2026—

L.B. Foster Company · FSTR

Sep 202126.7

Dec 202140.4

Mar 202249.6

Jun 202258.5

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023169.2

Mar 202437.4

Jun 202432.1

Sep 20245.3

Dec 20246.9

Mar 20256.0

Jun 20256.6

Sep 202559.9

Dec 202539.1

Mar 202627.1

Jun 2026—

Norfolk Southern Corporation · NSC

Sep 202120.6

Dec 202124.6

Mar 202223.0

Jun 202218.1

Sep 202215.4

Dec 202217.8

Mar 202316.3

Jun 202320.4

Sep 202321.6

Dec 202329.5

Mar 202441.0

Jun 202427.2

Sep 202423.3

Dec 202420.3

Mar 202516.2

Jun 202517.3

Sep 202522.9

Dec 202522.6

Mar 202624.2

Jun 202626.8

The Greenbrier Companies, Inc. · GBX

Sep 2021—

Dec 202125.3

Mar 202219.8

Jun 202223.9

Sep 202220.4

Dec 202240.4

Mar 202320.9

Jun 202313.0

Sep 202322.5

Dec 202311.3

Mar 202415.2

Jun 202414.5

Sep 20249.8

Dec 202411.9

Mar 20259.0

Jun 20256.4

Sep 20257.3

Dec 20257.8

Mar 202612.2

Jun 202614.0

Trinity Industries, Inc. · TRN

Sep 2021—

Dec 202179.5

Mar 202219.8

Jun 202213.2

Sep 202211.5

Dec 202229.0

Mar 202326.5

Jun 202326.2

Sep 202326.5

Dec 202320.9

Mar 202417.6

Jun 202414.7

Sep 202416.0

Dec 202421.4

Mar 202516.6

Jun 202522.3

Sep 202524.4

Dec 20258.7

Mar 202610.3

Jun 20268.3

Union Pacific Corporation · UNP

Sep 202121.0

Dec 202125.3

Mar 202226.0

Jun 202219.9

Sep 202217.4

Dec 202218.5

Mar 202317.8

Jun 202318.7

Sep 202319.6

Dec 202323.5

Mar 202423.5

Jun 202421.3

Sep 202422.6

Dec 202420.6

Mar 202521.3

Jun 202520.0

Sep 202520.1

Dec 202519.3

Mar 202620.0

Jun 202622.0

Westinghouse Air Brake Technologies Corporation · WAB

Sep 202135.9

Dec 202131.1

Mar 202230.3

Jun 202224.0

Sep 202222.5

Dec 202228.9

Mar 202328.2

Jun 202329.4

Sep 202325.4

Dec 202328.0

Mar 202428.5

Jun 202427.7

Sep 202430.3

Dec 202431.4

Mar 202528.4

Jun 202531.3

Sep 202529.1

Dec 202531.3

Mar 202635.4

Jun 202636.2

10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Railroads comparison names 5 specific ways its own evidence can mislead, all listed below. All 10 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Thin comparisons: Valuation have fewer than three usable current readings.

11 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 10 Railroads companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-08-04 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

12 · questions investors ask, short speakable answers

Railroads company comparison FAQs

These 22 answers restate the Railroads comparison above in question form. Every one is computed from the same 10 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Railroads sector outperforming S&P 500?

Railroads has outperformed S&P 500 by 11.7% over 52 weeks and 2% over 13 weeks. 7 of 10 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 10 beat the sector itself.

Which Railroads company is largest by revenue?

The Greenbrier Companies, Inc. leads with revenue of $2,631 million, based on 3 of 10 comparable companies through Jun 2026.

Which Railroads company is growing fastest?

L.B. Foster Company has the fastest current revenue growth at 11.7%, across 3 of 10 comparable companies.

Which Railroads company has the strongest 4-Factor Sector Score?

CSX Corporation ranks first at 62.8/100 with 57.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Railroads company has the lowest comparable PEG?

The Greenbrier Companies, Inc. has the lowest comparable PEG at 0.27, among 1 of 10 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Railroads comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Which Railroads company is the biggest?

The Greenbrier Companies, Inc. is the largest, with trailing-twelve-month revenue of $2,631 million, ahead of L.B. Foster Company at $563 million. That covers 3 of 10 companies with comparable reporting through Jun 2026.

Which Railroads company has the best profit margins?

Union Pacific Corporation has the highest operating margin at 39.5%, from 10 of 10 comparable companies. CSX Corporation shows the biggest recent improvement, at +5.6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Railroads company makes the most profit?

The Greenbrier Companies, Inc. earns the most, at $109 million of trailing-twelve-month net profit, from 3 of 10 comparable companies. The Greenbrier Companies, Inc. has the fastest profit growth at -54.2%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Railroads company earns the highest return on capital?

Union Pacific Corporation leads on return on capital employed at 4.3%, across 10 of 10 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Railroads stock is the cheapest?

On PEG — where a LOWER number is cheaper — The Greenbrier Companies, Inc. screens cheapest at 0.27×. Only 1 of 10 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Railroads sector beating the market?

Railroads has outperformed S&P 500 by 11.7% over the last 52 weeks and 2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 7 of 10 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Railroads stock has the strongest price momentum?

L.B. Foster Company has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Railroads company scores highest for research priority?

CSX Corporation scores 62.8 out of 100 with 57.8% evidence confidence, from 21.9 points on growth and earnings, 16.1 on capital efficiency, 9.2 on valuation and 15.6 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Railroads companies does this comparison cover, and over what period?

It compares 10 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Railroads sector?

The 10 Railroads companies on this page carry $557,501 million of combined market value. Union Pacific Corporation is the largest at $176,054 million, about 32% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

What is the Railroads sector's P/E ratio?

The median price-to-earnings ratio across the 10 Railroads companies on this page is 26.8×, measured on the 10 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

How is the Railroads sector performing?

7 of the 10 covered Railroads companies are beating S&P 500 on Mansfield relative strength. The sector itself is 11.7% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

How many Railroads stocks are listed in the US?

This comparison covers 10 listed Railroads companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.