CSX Corp (CSX) stock
CSXNasdaqRailroads, Line-Haul OperatingFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 21, 2026Score 9/3038% above fair value
$52.40+0.50 (+0.96%)
Close on Nov 12, 2026Market cap $96.59BP/E 27.2Yield 0.99%
CSX operating margin
Operating margin is operating income as a percentage of revenue.
CSX's operating margin for the twelve months ending Sep 30, 2026 was 36.4%. For fiscal 2025 it was 32.1%, against 36.1% the year before. The highest annual figure on record is 44.7% in fiscal 2021.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 32.1% | −4.0 |
| FY2024 | Dec 31, 2024 | 36.1% | −1.4 |
| FY2023 | Dec 31, 2023 | 37.5% | −2.6 |
| FY2022 | Dec 31, 2022 | 40.1% | −4.6 |
| FY2021 | Dec 31, 2021 | 44.7% | +3.5 |
| FY2020 | Dec 31, 2020 | 41.2% | −0.4 |
| FY2019 | Dec 31, 2019 | 41.6% | +1.8 |
| FY2018 | Dec 31, 2018 | 39.7% | +7.1 |
| FY2017 | Dec 31, 2017 | 32.6% | +1.8 |
| FY2016 | Dec 30, 2016 | 30.8% | +0.5 |
| FY2015 | Dec 25, 2015 | 30.3% | +1.8 |
| FY2014 | Dec 26, 2014 | 28.5% | −0.4 |
| FY2013 | Dec 27, 2013 | 28.9% | −0.6 |
| FY2012 | Dec 28, 2012 | 29.4% | +0.0 |
| FY2011 | Dec 30, 2011 | 29.4% | +0.5 |
| FY2010 | Dec 31, 2010 | 28.9% | +3.8 |
| FY2009 | Dec 25, 2009 | 25.1% | +0.7 |
| FY2008 | Dec 26, 2008 | 24.4% | +1.9 |
| FY2007 | Dec 28, 2007 | 22.5% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 39.1% | +8.8 |
| Q2 FY2026 | Jun 30, 2026 | 38.3% | +2.4 |
| Q1 FY2026 | Mar 31, 2026 | 36.0% | +5.6 |
| Q4 FY2025 | Dec 31, 2025 | 31.6% | +0.4 |
| Q3 FY2025 | Sep 30, 2025 | 30.3% | −7.1 |
| Q2 FY2025 | Jun 30, 2025 | 35.9% | −3.2 |
| Q1 FY2025 | Mar 31, 2025 | 30.4% | −5.9 |
| Q4 FY2024 | Dec 31, 2024 | 31.3% | −4.5 |
| Q3 FY2024 | Sep 30, 2024 | 37.4% | +1.8 |
| Q2 FY2024 | Jun 30, 2024 | 39.1% | −0.5 |
| Q1 FY2024 | Mar 31, 2024 | 36.3% | −2.7 |
| Q4 FY2023 | Dec 31, 2023 | 35.7% | −1.5 |
| Q3 FY2023 | Sep 30, 2023 | 35.6% | −5.0 |
| Q2 FY2023 | Jun 30, 2023 | 39.6% | −5.0 |
| Q1 FY2023 | Mar 31, 2023 | 39.0% | +1.5 |
| Q4 FY2022 | Dec 31, 2022 | 37.3% | −2.6 |
| Q3 FY2022 | Sep 30, 2022 | 40.5% | −3.1 |
| Q2 FY2022 | Jun 30, 2022 | 44.6% | −11.9 |
| Q1 FY2022 | Mar 31, 2022 | 37.6% | −1.6 |
| Q4 FY2021 | Dec 31, 2021 | 39.9% | −3.1 |
| Q3 FY2021 | Sep 30, 2021 | 43.6% | +0.5 |
| Q2 FY2021 | Jun 30, 2021 | 56.6% | +19.8 |
| Q1 FY2021 | Mar 31, 2021 | 39.1% | −2.1 |
| Q4 FY2020 | Dec 31, 2020 | 43.0% | +3.0 |
| Q3 FY2020 | Sep 30, 2020 | 43.1% | −0.1 |
| Q2 FY2020 | Jun 30, 2020 | 36.7% | −5.9 |
| Q1 FY2020 | Mar 31, 2020 | 41.3% | +0.8 |
| Q4 FY2019 | Dec 31, 2019 | 40.0% | +0.3 |
| Q3 FY2019 | Sep 30, 2019 | 43.2% | +1.9 |
| Q2 FY2019 | Jun 30, 2019 | 42.6% | +1.3 |
| Q1 FY2019 | Mar 31, 2019 | 40.5% | +4.2 |
| Q4 FY2018 | Dec 31, 2018 | 39.7% | +0.4 |
| Q3 FY2018 | Sep 30, 2018 | 41.3% | +9.7 |
| Q2 FY2018 | Jun 30, 2018 | 41.4% | +8.7 |
| Q1 FY2018 | Mar 31, 2018 | 36.3% | +9.5 |
| Q4 FY2017 | Dec 31, 2017 | 39.3% | +6.3 |
| Q3 FY2017 | Sep 30, 2017 | 31.6% | – |
| Q2 FY2017 | Jun 30, 2017 | 32.6% | – |
| Q1 FY2017 | Mar 31, 2017 | 26.8% | – |
| Q4 FY2016 | Dec 30, 2016 | 33.1% | – |
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