Csx (CSX) Operating Margin (2009 - 2026)
Csx (CSX) posted quarterly Operating Margin of 38.27% for Q2 2026, up 237.0% year-over-year from 11.36% in Q2 2025, and up 6.36% quarter-over-quarter from 35.99% in Q1 2026.
Csx (CSX) Operating Margin (2009 - 2026) Analysis & Trends
Csx (CSX) has reported Operating Margin for 18 consecutive years, with 38.27% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin rose 237.0% year-over-year to 38.27%; the TTM figure through Jun 2026 stood at 34.15% (up 35.0% YoY), while the FY2025 annual figure was 32.08%, down 399.0% from the prior year.
- Operating Margin rose to 38.27% in Q2 2026 per CSX's latest filing, from 35.99% in the prior quarter.
- Across five years, Operating Margin topped out at 44.64% in Q2 2022 and bottomed at 30.3% in Q3 2025.
- Historically, Operating Margin has averaged 36.48% across 5 years, with a median of 36.79% in 2022.
- Annual changes were most pronounced in 2022 — Operating Margin sank 1192 bps — and 2026, when it surged 557 bps.
- Csx's Operating Margin stood at 37.27% in 2022, then fell by 4 bps to 35.73% in 2023, then decreased by 13 bps to 31.25% in 2024, then advanced by 1 bps to 31.64% in 2025, then climbed by 21 bps to 38.27% in 2026.
- Business Quant data shows CSX's Operating Margin at 38.27% in Q2 2026, 35.99% in Q1 2026, and 31.64% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 180.52 Bn | 178.40 Bn | 6.50 Bn | 40.25% |
| 2 | Csx | 94.59 Bn | 93.20 Bn | 3.29 Bn | 38.27% |
| 3 | Canadian Pacific Kansas City | 84.21 Bn | 83.94 Bn | 2.92 Bn | 35.35% |
| 4 | Canadian National Railway | 78.52 Bn | 78.52 Bn | - | - |
| 5 | Norfolk Southern | 77.93 Bn | 76.86 Bn | - | 32.44% |
| 6 | Westinghouse Air Brake Technologies | 49.47 Bn | 48.80 Bn | 1.16 Bn | 18.87% |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | 41.19% |
| 8 | Greenbrier Companies | 1.42 Bn | 1.15 Bn | 81.10 Mn | 5.53% |
| 9 | Foster L B | 390.24 Mn | 384.46 Mn | 30.87 Mn | 4.44% |
| 10 | FreightCar America | 228.00 Mn | 163.70 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 38.27% |
| Mar 31, 2026 | 35.99% |
| Dec 31, 2025 | 31.64% |
| Sep 30, 2025 | 30.30% |
| Jun 30, 2025 | 35.90% |
| Mar 31, 2025 | 30.41% |
| Dec 31, 2024 | 31.25% |
| Sep 30, 2024 | 37.41% |
| Jun 30, 2024 | 39.12% |
| Mar 31, 2024 | 36.32% |
| Dec 31, 2023 | 35.73% |
| Sep 30, 2023 | 35.58% |
| Jun 30, 2023 | 39.63% |
| Mar 31, 2023 | 39.04% |
| Dec 31, 2022 | 37.27% |
| Sep 30, 2022 | 40.54% |
| Jun 30, 2022 | 44.64% |
| Mar 31, 2022 | 37.56% |
| Dec 31, 2021 | 39.86% |
| Sep 30, 2021 | 43.62% |