Last 48 quarters of trend data · Industrials · Railroads
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
CSX Corporation's quarterly P/E stands at 23.9x, up 10.3% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 12.4% YoY to 14.2x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 29.63 | 23.87 | 23.24 | 23.99 | 18.54 | 21.64 | 21.23 | 18.77 | 17.07 | 20.59 | 19.26 | 18.30 | 17.40 |
| — | +10.3% | +9.5% | +27.9% | +8.6% | +5.1% | +10.2% | +2.5% | -1.9% | +32.1% | +21.9% | +42.9% | +29.3% | |
| P/S Ratio | 6.02 | 5.49 | 4.82 | 4.62 | 4.27 | 4.07 | 4.38 | 4.63 | 4.40 | 4.94 | 4.64 | 4.30 | 4.67 |
| — | +34.9% | +10.0% | -0.1% | -3.1% | -17.7% | -5.6% | +7.6% | -5.7% | +18.8% | +7.5% | +18.3% | +13.3% | |
| P/B Ratio | 6.46 | 5.63 | 5.13 | 5.19 | 4.93 | 4.57 | 4.96 | 5.18 | 5.16 | 5.77 | 5.70 | 5.14 | 5.62 |
| — | +23.1% | +3.6% | +0.3% | -4.6% | -20.8% | -13.0% | +0.7% | -8.2% | +15.6% | +11.8% | +17.0% | +17.7% | |
| P/FCF | 49.55 | 26.21 | 23.83 | 5.85 | — | 25.97 | 28.18 | 15.78 | 29.78 | 32.47 | 21.25 | 15.71 | 25.84 |
| — | +0.9% | -15.4% | -62.9% | — | -20.0% | +32.6% | +0.5% | +15.2% | +70.3% | -11.8% | +22.0% | +23.5% | |
| EV / EBITDA | 17.85 | 14.21 | 14.24 | 14.12 | 11.73 | 12.65 | 12.25 | 11.90 | 11.26 | 12.92 | 12.55 | 11.89 | 11.71 |
| — | +12.4% | +16.2% | +18.6% | +4.2% | -2.1% | -2.3% | +0.1% | -3.9% | +20.8% | +11.4% | +24.2% | +15.5% | |
| EV / EBIT | 22.89 | 18.92 | 19.03 | 19.25 | 15.37 | 17.38 | 17.51 | 15.18 | 14.05 | 16.37 | 15.94 | 15.15 | 14.44 |
| — | +8.9% | +8.7% | +26.9% | +9.4% | +6.1% | +9.9% | +0.2% | -2.8% | +25.2% | +18.4% | +34.4% | +26.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
CSX Corporation's operating margin was 36.0% in Q1 2026, up 4.3 pp QoQ and up 5.6 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 33.5% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 57.5% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.2% | 47.9% | 31.6% | 34.9% | 35.9% | 30.4% | 34.2% | 37.5% | 38.7% | 36.3% | 35.5% | 35.2% | 39.0% |
| — | +57.5% | -7.5% | -6.9% | -7.2% | -16.3% | -3.7% | +6.3% | -0.7% | -7.0% | -5.6% | -10.0% | -5.5% | |
| Operating Margin | 32.1% | 36.0% | 31.6% | 30.3% | 35.9% | 30.4% | 34.2% | 37.5% | 38.7% | 36.3% | 35.5% | 35.2% | 39.0% |
| — | +18.3% | -7.5% | -19.1% | -7.2% | -16.3% | -3.7% | +6.3% | -0.7% | -7.0% | -5.6% | -10.0% | -5.5% | |
| Net Margin | 20.5% | 23.2% | 20.5% | 19.3% | 23.2% | 18.9% | 20.7% | 24.7% | 26.0% | 23.9% | 24.0% | 23.2% | 26.6% |
| — | +22.8% | -0.9% | -21.7% | -10.9% | -21.1% | -13.6% | +6.6% | -2.2% | -10.2% | -12.2% | -18.7% | -13.8% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.5% | 6.0% | 5.6% | 5.5% | 6.8% | 5.2% | 5.8% | 7.0% | 7.6% | 7.2% | 7.4% | 6.8% | 8.0% |
| — | +15.3% | -3.6% | -21.1% | -11.6% | -26.9% | -21.8% | +2.4% | -4.5% | -9.4% | -7.6% | -19.9% | -10.6% | |
| ROA | 6.7% | 1.8% | 1.7% | 1.6% | 1.9% | 1.5% | 1.7% | 2.1% | 2.3% | 2.1% | 2.1% | 2.0% | 2.4% |
| — | +22.1% | -3.1% | -23.1% | -15.0% | -27.5% | -18.6% | +5.0% | -4.8% | -12.4% | -13.3% | -25.9% | -18.4% | |
| ROIC | 10.9% | 2.9% | 2.6% | 2.6% | 3.1% | 2.6% | 3.0% | 3.4% | 3.5% | 3.4% | 3.3% | 3.2% | 3.7% |
| — | +15.5% | -12.3% | -23.3% | -13.0% | -24.0% | -9.9% | +5.1% | -2.9% | -9.4% | -8.3% | -18.9% | -11.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
CSX Corporation's Debt/EBITDA ratio is 11.6x, down from 12.8x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 9.4% YoY to 0.97x, strengthening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.47 | 1.42 | 1.47 | 1.54 | 1.59 | 1.61 | 1.52 | 1.47 | 1.51 | 1.51 | 1.59 | 1.59 | 1.50 |
| — | -11.6% | -3.1% | +4.6% | +5.4% | +6.8% | -4.3% | -7.2% | +0.5% | +1.1% | +8.2% | +10.2% | +18.1% | |
| Debt / EBITDA | 3.34 | 11.59 | 12.78 | 13.00 | 11.49 | 13.38 | 11.63 | 10.74 | 10.32 | 10.88 | 11.11 | 11.40 | 9.96 |
| — | -13.4% | +9.9% | +21.0% | +11.4% | +23.0% | +4.6% | -5.8% | +3.6% | +8.8% | +7.7% | +17.0% | +16.0% | |
| Current Ratio | 0.81 | 0.97 | 0.81 | 0.85 | 0.77 | 0.88 | 0.86 | 1.39 | 1.16 | 1.15 | 1.04 | 1.14 | 1.42 |
| — | +9.4% | -5.4% | -39.2% | -33.4% | -23.1% | -17.4% | +21.6% | -18.0% | -20.6% | -33.1% | -33.4% | +21.8% | |
| Quick Ratio | 0.69 | 0.83 | 0.69 | 0.85 | 0.63 | 0.75 | 0.73 | 1.23 | 1.01 | 1.00 | 0.91 | 1.00 | 1.21 |
| — | +9.9% | -6.1% | -31.2% | -37.4% | -24.5% | -18.9% | +23.2% | -16.5% | -21.7% | -36.2% | -36.5% | +20.3% | |
| Interest Coverage | 5.44 | 5.88 | 5.32 | 5.28 | 6.16 | 5.11 | 5.52 | 6.75 | 7.06 | 6.56 | 6.61 | 6.43 | 7.45 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Deep dive into CSX consensus models and risk factors.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying CSX stock.
CSX Corporation's current P/E is 29.6x. The average P/E over the last 4 quarters is 22.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
CSX Corporation's current operating margin is 32.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking CSX Corporation's business trajectory between earnings reports.