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CSX CSX Rail Operations — Purchased Services and Other

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CPPurchased services and other (Note 26)
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FCNCARail — Maintenance and other operating lease expenses
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$522M+4.8%
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FCNCARail — Other Non-interest Expense, Miscellaneous
$17M+21.4%
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FCNCARail — Noninterest expenses
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NSCReportable Segment — Purchased services
$418M+4.2%

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 assets$44.2B+2.4%

Cash flow

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Operating cash flow$1.3B+1.4%
CapEx$543.0M-24.5%
Free cash flow$729.0M+36.0%

Valuation

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Market cap$84.68B+37.6%
Enterprise value$84.18B+2.6%
P/E27.8×+8.7×
P/S+1.7×

Profitability

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Operating margin33.4%-1.2pp
Net margin21.6%-1.1pp

Returns & leverage

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Return on equity26.3%-2.8pp
Debt / equity1.6×+1.6×
Current ratio+0.1×

Where this comes from

Reported directly by CSX in its filing.

Tagged under the XBRL concept us-gaap:OtherCostAndExpenseOperating.

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 rail operations — purchased services and other?
CSX (CSX) reported rail operations — purchased services and other of $549M in Q1 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 17.1% year-over-year, from $662M to $549M.
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?
Costs paid to outside vendors for operational support and services.
How do you interpret rail operations — purchased services and other?
An increase may indicate higher reliance on outsourcing or increased maintenance activity, while a decrease suggests cost-cutting or bringing services in-house.
How does rail operations — purchased services and other compare across companies?
Common across the industry, though the composition of 'other' costs can vary significantly by company.