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CSX CSX Rail Operations — Purchased Services and Other

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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 us-gaap:OtherCostAndExpenseOperating.

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
Total Consolidated Revenue$3,935$3,574
Expense (b)
Labor and Fringe$782$736
Purchased Services and Other535605
Depreciation and Amortization396410
Fuel
Locomotive379226
Non-Locomotive3423

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CSX's rail operations — purchased services and other?
CSX (CSX) reported rail operations — purchased services and other of $535M in Q2 2026.
How has CSX's rail operations — purchased services and other changed year-over-year?
CSX's rail operations — purchased services and other decreased by 11.6% year-over-year, from $605M to $535M.
What is the long-term trend for CSX's rail operations — purchased services and other?
Over 3 years (2022 to 2025), CSX's rail operations — purchased services and other has grown at a 5.7% compound annual growth rate (CAGR), from $2.19B to $2.58B.
What does rail operations — purchased services and other mean?
This category includes costs paid to third parties for services such as maintenance, outsourced logistics, and other operational support required to keep the rail network functioning. It reflects the company's reliance on external vendors to supplement internal capabilities.

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