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FDXF vs. NSC: FedEx Freight vs. Norfolk Southern Stock Comparison

How do FedEx Freight (FDXF) and Norfolk Southern (NSC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

FedEx Freight (FDXF) and Norfolk Southern (NSC) both belong to the Ground Transportation industry, though FDXF is classified under Cargo Ground Transportation while NSC falls under Rail Transportation.

Norfolk Southern (NSC) has been public since June 2, 1982, giving it decades of market history across multiple cycles, while FedEx Freight (FDXF) listed only on May 27, 2026 and lacks comparable through-cycle data.

Company profile comparison for FedEx Freight (FDXF) and Norfolk Southern (NSC)
Profile ItemFDXFNSC
NameFedEx Freight Holding Company, Inc.Norfolk Southern Corp.
Country/RegionUnited StatesUnited States
GICS SectorIndustrialsIndustrials
GICS Industry GroupTransportationTransportation
GICS IndustryGround TransportationGround Transportation
GICS Sub-IndustryCargo Ground TransportationRail Transportation
Market Capitalization18.47 billion USD71.86 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMay 27, 2026June 2, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FDXF
NSC
GSPC
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for FedEx Freight (FDXF) and Norfolk Southern (NSC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for FedEx Freight (FDXF) and Norfolk Southern (NSC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for FedEx Freight (FDXF) and Norfolk Southern (NSC)
MetricFDXFNSC
Total Return (1Y)--16.63%
Total Return (3Y, Annualized)--21.35%
Total Return (5Y, Annualized)--4.94%

Risk Profile

Drawdown History

FDXF
NSC
GSPC
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for FedEx Freight (FDXF) and Norfolk Southern (NSC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

FedEx Freight (FDXF) reports a negative beta of -1.72, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Norfolk Southern (NSC) has a non-negative beta of 1.19.

Risk profile metrics for FedEx Freight (FDXF) and Norfolk Southern (NSC)
MetricFDXFNSC
Volatility (1Y, Annualized)64.08%21.75%
Beta (5Y)-1.721.19
Max Drawdown (5Y)-42.72%-35.64%
Avg. Volume (3M)1.53M1.02M

Risk-Adjusted Performance

Risk-Return Positioning

Both FDXF and NSC need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Risk-adjusted metrics for FedEx Freight (FDXF) and Norfolk Southern (NSC)
MetricFDXFNSC
Sharpe Ratio (1Y)--0.57
Sortino Ratio (1Y)--0.86

Profitability

ROE (TTM)

FedEx Freight (FDXF) at 69.09% clears its industry range for ROE, a sharper capital-efficiency signal than Norfolk Southern (NSC) at 16.84%, which is closer to a typical peer reading.

FDXF

Transportation industry group

69.09%

FDXF
69.09%
Max
45.08%
Q3
22.02%
Median
13.94%
Q1
2.89%
Min
-10.45%

NSC

Transportation industry group

16.84%

Max
45.08%
Q3
22.02%
NSC
16.84%
Median
13.94%
Q1
2.89%
Min
-10.45%
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their ROE against the Transportation industry group benchmark.

Net Margin (TTM)

Both FedEx Freight (FDXF) at 7.45% and Norfolk Southern (NSC) at 20.71% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

FDXF

Transportation industry group

7.45%

Max
50.36%
Q3
21.18%
FDXF
7.45%
Median
5.58%
Q1
1.55%
Min
-11.37%

NSC

Transportation industry group

20.71%

Max
50.36%
Q3
21.18%
NSC
20.71%
Median
5.58%
Q1
1.55%
Min
-11.37%
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their net margin against the Transportation industry group benchmark.

Operating Margin (TTM)

Norfolk Southern (NSC) at 35.42% operates in the top operating margin quartile, ahead of FedEx Freight (FDXF) at 14.66%, which runs around its industry’s norm.

FDXF

Transportation industry group

14.66%

Max
59.18%
Q3
29.30%
FDXF
14.66%
Median
11.50%
Q1
4.62%
Min
-8.91%

NSC

Transportation industry group

35.42%

Max
59.18%
NSC
35.42%
Q3
29.30%
Median
11.50%
Q1
4.62%
Min
-8.91%
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their operating margin against the Transportation industry group benchmark.

Profitability Metrics

Profitability metrics for FedEx Freight (FDXF) and Norfolk Southern (NSC)
MetricFDXFNSC
ROE (TTM)69.09%16.84%
ROA (TTM)5.67%6.03%
Net Margin (TTM)7.45%20.71%
Operating Margin (TTM)14.66%35.42%
Gross Margin (TTM)29.28%44.68%

Growth

Revenue Growth

Both FedEx Freight (FDXF) at -1.09% and Norfolk Southern (NSC) at 0.47% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both FedEx Freight (FDXF) at -51.34% and Norfolk Southern (NSC) at 10.20% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for FedEx Freight (FDXF) and Norfolk Southern (NSC)
MetricFDXFNSC
Revenue Growth (YoY)-1.09%0.47%
Revenue Growth (3Y CAGR)-4.46%-1.50%
EPS Growth (YoY)-51.34%10.20%
EPS Growth (3Y CAGR)-25.45%-2.79%

Financial Strength

Current Ratio (MRQ)

Both FedEx Freight (FDXF) at 1.52 and Norfolk Southern (NSC) at 0.90 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

FDXF

Transportation industry group

1.52

Max
2.58
Q3
1.62
FDXF
1.52
Median
1.16
Q1
0.78
Min
0.22

NSC

Transportation industry group

0.90

Max
2.58
Q3
1.62
Median
1.16
NSC
0.90
Q1
0.78
Min
0.22
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their current ratio against the Transportation industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Norfolk Southern (NSC) carries debt-to-equity ratio of 1.02 against its industry range, while FedEx Freight (FDXF) reports no figure this period.

FDXF

Transportation industry group

--

Max
2.75
Q3
1.37
Median
0.78
Q1
0.35
Min
0.00
FDXF
--

NSC

Transportation industry group

1.02

Max
2.75
Q3
1.37
NSC
1.02
Median
0.78
Q1
0.35
Min
0.00
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): FDXF does not report debt-to-equity ratio, so it has no value marker; NSC is benchmarked against the Transportation industry group.

Financial Strength Metrics

Financial strength metrics for FedEx Freight (FDXF) and Norfolk Southern (NSC)
MetricFDXFNSC
Current Ratio (MRQ)1.520.90
Debt / Equity (MRQ)--1.02
Net Debt / EBITDA5.942.68

Dividends

Dividend Yield (TTM)

FedEx Freight (FDXF) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Norfolk Southern (NSC) reports a yield of 1.65%, ranking against industry peers normally.

FDXF

Transportation industry group

0.00%

Max
4.68%
Q3
1.99%
Median
0.74%
FDXF
0.00%
Q1
0.00%
Min
0.00%

NSC

Transportation industry group

1.65%

Max
4.68%
Q3
1.99%
NSC
1.65%
Median
0.74%
Q1
0.00%
Min
0.00%
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their dividend yield against the Transportation industry group benchmark.

Dividend Payout Ratio (TTM)

FedEx Freight (FDXF) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Norfolk Southern (NSC) reports a payout of 45.26%, ranking against industry peers normally.

FDXF

Transportation industry group

0.00%

Max
100.89%
Q3
41.68%
Median
20.43%
FDXF
0.00%
Q1
0.00%
Min
0.00%

NSC

Transportation industry group

45.26%

Max
100.89%
NSC
45.26%
Q3
41.68%
Median
20.43%
Q1
0.00%
Min
0.00%
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their payout ratio against the Transportation industry group benchmark.

Dividend Metrics

Dividend metrics for FedEx Freight (FDXF) and Norfolk Southern (NSC)
MetricFDXFNSC
Dividend Yield (TTM)0.00%1.65%
Dividend Payout Ratio (TTM)0.00%45.26%

Valuation

P/E Ratio (TTM)

Norfolk Southern (NSC) at 26.82 is near its industry’s usual P/E ratio, while FedEx Freight (FDXF) at 36.23 sits in the richer quartile — FDXF needs stronger growth or earnings quality to justify the premium.

FDXF

Transportation industry group

36.23

Max
46.76
FDXF
36.23
Q3
30.87
Median
20.58
Q1
10.44
Min
0.00

NSC

Transportation industry group

26.82

Max
46.76
Q3
30.87
NSC
26.82
Median
20.58
Q1
10.44
Min
0.00
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their P/E ratio against the Transportation industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: FedEx Freight (FDXF) at 2.10 sits in the upper P/S ratio quartile, and Norfolk Southern (NSC) at 5.54 prices even higher, above its industry range.

FDXF

Transportation industry group

2.10

Max
4.35
FDXF
2.10
Q3
2.07
Median
0.93
Q1
0.53
Min
0.04

NSC

Transportation industry group

5.54

NSC
5.54
Max
4.35
Q3
2.07
Median
0.93
Q1
0.53
Min
0.04
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their P/S ratio against the Transportation industry group benchmark.

P/B Ratio (MRQ)

FedEx Freight (FDXF) reports a negative P/B ratio of -73.55, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Norfolk Southern (NSC) reports 4.30, ranking against industry peers normally.

FDXF

Transportation industry group

-73.55

Max
6.29
Q3
3.39
Median
1.90
Q1
1.03
Min
-2.07
FDXF
-73.55

NSC

Transportation industry group

4.30

Max
6.29
NSC
4.30
Q3
3.39
Median
1.90
Q1
1.03
Min
-2.07
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FedEx Freight (FDXF) vs. Norfolk Southern (NSC): A comparison of their P/B ratio against the Transportation industry group benchmark.

Valuation Metrics

Valuation metrics for FedEx Freight (FDXF) and Norfolk Southern (NSC)
MetricFDXFNSC
P/E Ratio (TTM)36.2326.82
P/S Ratio (TTM)2.105.54
P/B Ratio (MRQ)-73.554.30
Free Cash Flow Yield (TTM)-2.77%2.25%