WIDE MOAT STOCKS COMPARISON

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Stock Comparison

Canadian National Railway Company vs CSX Corporation

Compare moat strength, market structure, and segment coverage to understand how each company defends its edge.

Canadian National Railway Company

CNR · Toronto Stock Exchange

Market cap (USD)$72.2B
Gross margin (TTM)—
Operating margin (TTM)37.5%
Net margin (TTM)26.9%
SectorIndustrials
IndustryTransport and logistics
CountryCA
Data as of2026-08-23
96/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into Canadian National Railway Company's moat claims, evidence, and risks.

View CNR analysis

CSX Corporation

CSX · NASDAQ

Market cap (USD)$91.5B
Gross margin (TTM)54.9%
Operating margin (TTM)34.2%
Net margin (TTM)22.2%
SectorIndustrials
IndustryTransport and logistics
CountryUS
Data as of2026-08-23
90/100
Moat score

Weighted across the company's segments.

Full stock profile

Dive deeper into CSX Corporation's moat claims, evidence, and risks.

View CSX analysis

Comparison highlights

  • Moat score gap: Canadian National Railway Company leads (96 / 100 vs 90 / 100 for CSX Corporation).
  • Segment focus: Canadian National Railway Company has 2 segments (96.4% in Rail freight transportation network); CSX Corporation has 5 segments (62.3% in Merchandise (Rail)).
  • Primary market structure: Duopoly vs Oligopoly. Pricing power: Moderate vs Moderate.
  • Moat breadth: Canadian National Railway Company has 3 moat types across 2 domains; CSX Corporation has 2 across 2.

Primary market context

Canadian National Railway Company

Rail freight transportation network

Market

Canadian Class I freight rail with U.S. Midwest and Gulf extensions

Geography

Canada and U.S. cross-border corridors, with 18,900 route-miles at June 30, 2026

Customer

Industrial shippers, intermodal customers, and auto supply chains

Role

Line-haul freight railway (Class I)

Revenue share

96.4%

CSX Corporation

Merchandise (Rail)

Market

Eastern U.S. rail freight transportation (merchandise carload)

Geography

Eastern United States (CSX network; interchange to other railroads)

Customer

Industrial, agricultural, automotive and consumer goods shippers; logistics providers

Role

Common-carrier freight railroad (line-haul + switching/terminal)

Revenue share

62.3%

Side-by-side metrics

Canadian National Railway Company
CSX Corporation
Ticker / Exchange
CNR - Toronto Stock Exchange
CSX - NASDAQ
Market cap (USD)
$72.2B
$91.5B
Gross margin (TTM)
n/a
54.9%
Operating margin (TTM)
37.5%
34.2%
Net margin (TTM)
26.9%
22.2%
Sector
Industrials
Industrials
Industry
Transport and logistics
Transport and logistics
HQ country
CA
US
Primary segment
Rail freight transportation network
Merchandise (Rail)
Market structure
Duopoly
Oligopoly
Market share
n/a
n/a
HHI estimate
n/a
n/a
Pricing power
Moderate
Moderate
Moat score
96 / 100
90 / 100
Moat domains
Legal, Supply
Supply, Legal
Last update
2026-09-05
2026-09-05

Moat coverage

Shared moat types

Permits Rights Of WayPhysical Network Density

Canadian National Railway Company strengths

Scale Economies Unit Cost

CSX Corporation strengths

No unique moat types yet.

Segment mix

Canadian National Railway Company segments

Full profile >

Rail freight transportation network

Duopoly

96.4%

Non-rail logistics and ancillary services

Competitive

3.6%

CSX Corporation segments

Full profile >

Merchandise (Rail)

Oligopoly

62.3%

Intermodal (Rail)

Competitive

14.7%

Coal (Rail)

Oligopoly

13.5%

Trucking (Quality Carriers)

Competitive

5.8%

Other Revenue (Rail/Ancillary)

Competitive

3.8%

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Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.