CSX (CSX) reported capex of $543M in Q1 2026.

How has CSX's capex changed year-over-year?

CSX's capex decreased by 24.5% year-over-year, from $719M to $543M.

What is the long-term trend for CSX's capex?

Over 4 years (2021 to 2025), CSX's capex has grown at a 12.8% compound annual growth rate (CAGR), from $1.79B to $2.9B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

CSX CSX CapEx

CapEx at other companies

Canadian Pacific Kansas CityCP

$664M-6.6%

Union PacificUNP

$937M+3.4%

Norfolk SouthernNSC

$382M-14.9%

FIP

FTAI Infrastructure Inc.FIP

$46.48M-30.1%

WabtecWAB

$46M+4.5%

The Greenbrier CompaniesGBX

$30.1M-55.3%

Other financials

Income statement

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Revenue$3.5B+1.7%

Operating income$1.3B+20.4%

Net income$807.0M+24.9%

EPS (diluted)$0.43+26.5%

Balance sheet

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Cash & equivalents$964.0M-15.4%

Total debt$469.0M-97.6%

Total equity$12.2B-2.1%

Total assets$44.2B+2.4%

Cash flow

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Operating cash flow$1.3B+1.4%

Free cash flow$729.0M+36.0%

Valuation

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Market cap$88.15B+46.4%

Enterprise value$87.66B+11.4%

P/E28.9×+10.3×

P/S6.2×+2.0×

Profitability

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Operating margin33.4%-1.2pp

Net margin21.6%-1.1pp

FCF margin14.5%-4.5pp

Returns & leverage

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Return on equity26.3%-2.8pp

Debt / equity1.6×+1.6×

Current ratio1×+0.1×

Where this comes from

Reported directly by CSX in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: CSX’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CSX's capex?: CSX (CSX) reported capex of $543M in Q1 2026.
How has CSX's capex changed year-over-year?: CSX's capex decreased by 24.5% year-over-year, from $719M to $543M.
What is the long-term trend for CSX's capex?: Over 4 years (2021 to 2025), CSX's capex has grown at a 12.8% compound annual growth rate (CAGR), from $1.79B to $2.9B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.