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.
| Profile Item | FDXF | NSC |
|---|---|---|
| Name | FedEx Freight Holding Company, Inc. | Norfolk Southern Corp. |
| Country/Region | United States | United States |
| GICS Sector | Industrials | Industrials |
| GICS Industry Group | Transportation | Transportation |
| GICS Industry | Ground Transportation | Ground Transportation |
| GICS Sub-Industry | Cargo Ground Transportation | Rail Transportation |
| Market Capitalization | 18.47 billion USD | 71.86 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | May 27, 2026 | June 2, 1982 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FDXF | NSC |
|---|---|---|
| Total Return (1Y) | -- | 16.63% |
| Total Return (3Y, Annualized) | -- | 21.35% |
| Total Return (5Y, Annualized) | -- | 4.94% |
Risk Profile
Drawdown History
Return Distribution
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.
| Metric | FDXF | NSC |
|---|---|---|
| Volatility (1Y, Annualized) | 64.08% | 21.75% |
| Beta (5Y) | -1.72 | 1.19 |
| Max Drawdown (5Y) | -42.72% | -35.64% |
| Avg. Volume (3M) | 1.53M | 1.02M |
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
| Metric | FDXF | NSC |
|---|---|---|
| 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%
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%
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%
Profitability Metrics
| Metric | FDXF | NSC |
|---|---|---|
| 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.
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.
Growth Metrics
| Metric | FDXF | NSC |
|---|---|---|
| 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
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
Financial Strength Metrics
| Metric | FDXF | NSC |
|---|---|---|
| Current Ratio (MRQ) | 1.52 | 0.90 |
| Debt / Equity (MRQ) | -- | 1.02 |
| Net Debt / EBITDA | 5.94 | 2.68 |
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%
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%
Dividend Metrics
| Metric | FDXF | NSC |
|---|---|---|
| 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
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
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
Valuation Metrics
| Metric | FDXF | NSC |
|---|---|---|
| P/E Ratio (TTM) | 36.23 | 26.82 |
| P/S Ratio (TTM) | 2.10 | 5.54 |
| P/B Ratio (MRQ) | -73.55 | 4.30 |
| Free Cash Flow Yield (TTM) | -2.77% | 2.25% |