CSX (CSX) reported D&A of $415M in Q1 2026.

How has CSX's D&A changed year-over-year?

CSX's D&A decreased by 2.4% year-over-year, from $425M to $415M.

What is the long-term trend for CSX's D&A?

Over 4 years (2021 to 2025), CSX's D&A has grown at a 4.3% compound annual growth rate (CAGR), from $1.42B to $1.68B.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

CSX CSX D&A

D&A at other companies

Canadian Pacific Kansas CityCP

$512M+1.6%

Norfolk SouthernNSC

$352M+1.7%

WabtecWAB

$139M+15.8%

Universal Logistics Holdings, Inc.ULH

$35.64M+0.4%

The Greenbrier CompaniesGBX

$32.1M+8.1%

Wabash NationalWNC

$12.36M+0.9%

Segments

By segment

See full

Rail Operations$399M-2.7%

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

See full

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

See full

Operating cash flow$1.3B+1.4%

CapEx$543.0M-24.5%

Free cash flow$729.0M+36.0%

Valuation

See full

Market cap$91.7B+47.7%

Enterprise value$91.2B+46.7%

P/E30.1×+10.1×

P/S6.5×+2.1×

Profitability

See full

Operating margin33.4%-1.2pp

Net margin21.6%-1.1pp

FCF margin14.5%-4.5pp

Returns & leverage

See full

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:DepreciationDepletionAndAmortization.

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 D&A?: CSX (CSX) reported D&A of $415M in Q1 2026.
How has CSX's D&A changed year-over-year?: CSX's D&A decreased by 2.4% year-over-year, from $425M to $415M.
What is the long-term trend for CSX's D&A?: Over 4 years (2021 to 2025), CSX's D&A has grown at a 4.3% compound annual growth rate (CAGR), from $1.42B to $1.68B.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.