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CSX CSX Rail Operations — Operating Income (Loss)

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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+41.2%
Enterprise value$111.71B+68.7%
P/E29×+7.7×
P/S6.4×+1.8×

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 us-gaap:OperatingIncomeLoss.

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
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
Elimination of intersegment expenses(3)(8)
Total Consolidated Operating Income$1,506$1,283

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CSX's rail operations — operating income (loss)?
CSX (CSX) reported rail operations — operating income (loss) of $1.49B in Q2 2026.
How has CSX's rail operations — operating income (loss) changed year-over-year?
CSX's rail operations — operating income (loss) increased by 16.9% year-over-year, from $1.28B to $1.49B.
What is the long-term trend for CSX's rail operations — operating income (loss)?
Over 3 years (2022 to 2025), CSX's rail operations — operating income (loss) has grown at a -7.4% compound annual growth rate (CAGR), from $5.9B to $4.69B.
What does rail operations — operating income (loss) mean?
This is the core profitability metric for the rail segment, calculated as total segment revenue minus all operating expenses. It measures the operational efficiency and the ability of the rail business to generate profit from its primary transportation activities.

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