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CSX CSX Rail Operations — Equipment and Other Rents

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Other financials

Income statement

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Revenue$3.9B+10.1%
Operating income$1.5B+17.4%
Net income$1.0B+20.9%
EPS (diluted)$0.54+22.7%

Balance sheet

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Cash & equivalents$1.0B+160%
Total debt$19.4B+3,899%
Total equity$12.2B-2.1%
Total assets$44.7B+4.2%

Cash flow

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Operating cash flow$1.3B+109%
CapEx$576.0M-25.8%
Free cash flow$751.0M

Valuation

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Market cap$93.36B+39.6%
Enterprise value$111.71B+67.1%
P/E29×+7.4×
P/S6.4×+1.7×

Profitability

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Operating margin34.2%+0.4pp
Net margin22.2%+0.3pp
FCF margin19.3%+4.1pp

Returns & leverage

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Return on equity26.3%-2.8pp
Debt / equity1.6×+1.6×
Current ratio0.8×0.0×

Where this comes from

Reported directly by CSX in its filing.

Tagged under the XBRL concept csx:EquipmentAndOtherRents.

The source filing: CSX’s 10-Q, filed July 22, 2026.

Filed
Jul 22, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000277948-26-000032
(Dollars in Millions)Second Quarters / 2026 / RailSecond Quarters / 2026 / Reconciliation to ConsolidatedSecond Quarters / 2025 / RailSecond Quarters / 2025 / Reconciliation to Consolidated
Fuel
Locomotive379226
Non-Locomotive3423
Equipment and Other Rents9290
Gain on Property Disposition(2)(4)
Segment Operating Income$1,493$1,277
Reconciliation of Operating Income
Trucking Expenses (b)216213

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CSX's rail operations — equipment and other rents?
CSX (CSX) reported rail operations — equipment and other rents of $92M in Q2 2026.
How has CSX's rail operations — equipment and other rents changed year-over-year?
CSX's rail operations — equipment and other rents increased by 2.2% year-over-year, from $90M to $92M.
What is the long-term trend for CSX's rail operations — equipment and other rents?
Over 3 years (2022 to 2025), CSX's rail operations — equipment and other rents has grown at a -3.3% compound annual growth rate (CAGR), from $372M to $336M.
What does rail operations — equipment and other rents mean?
This represents the costs incurred for leasing railcars, locomotives, and other equipment from third parties or other railroads. It reflects the company's strategy of balancing owned assets versus leased assets to manage fleet capacity.

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