CSX CSX margins

Relative Growth: Rel. Growth: 54

Relative Strength: Rel. Strength: 78

Relative Valuation: Rel. Valuation: 45

Relative Profitability: Rel. Profitability: 81

Gross margin

47.4%

Operating margin

36.4%

EBITDA margin

48%

Net margin

24%

The CSX reports a gross margin of 47.4%, an operating margin of 36.4%, an EBITDA margin of 48%, and a net margin of 24%. All available margins expanded year over year, led by operating margin with an increase of 4.4 percentage points.

CSX margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, CSX's margins averaged 47.2% gross, 35.08% operating, 47.37% EBITDA, and 22.98% net. All four current margins are above their three-year averages.

CSX margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by operating margin with an increase of 4.4 percentage points.

Gross margin expansion

1.5pp

Operating margin expansion

4.4pp

EBITDA margin expansion

3.2pp

Net margin expansion

3.5pp

CSX Gross margin

CSX recorded an average gross margin of 47.2% across the last 3 years. CSX currently reports a gross margin of 47.4%, 0.2 percentage points above its three-year average. CSX's gross margin ranged from a low of 45.2% in Dec 2025 to a high of 48.5% in Sep 2024.

CSX Operating margin

CSX recorded an average operating margin of 35.08% across the last 3 years. Compared with its three-year average, CSX's current operating margin is 36.4% and is 1.3 percentage points above its three-year average. Over the last 3 years, CSX's operating margin peaked at 37.5% in Dec 2023 and reached a low of 32% in Sep 2025.

CSX EBITDA margin

Across the last 3 years, CSX recorded an average EBITDA margin of 47.37%. CSX's current EBITDA margin is 48% and is 0.6 percentage points above its three-year average. The highest EBITDA margin for CSX was 49.4% in Dec 2023, while the lowest was 44.7% in Dec 2025.

CSX Net margin

CSX's net margin averaged 22.98% over the last 3 years. Compared with its three-year average, CSX's current net margin is 24% and is 1 percentage points above its three-year average. Over the last 3 years, CSX's net margin peaked at 25% in Dec 2023 and reached a low of 20.5% in Sep 2025.

CSX margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 47.4%, CSX is above the Industrials sector and the industry average. Compared to its Industrials sector average of 32.5%, CSX's gross margin is 46% higher.

CSX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is CSX's gross margin?

The current gross margin for CSX is 47.4% as of Sep 30, 2026.

What is CSX's operating margin?

For the period ending Sep 30, 2026, CSX recorded an operating margin of 36.4%.

What is CSX's EBITDA margin?

As of Sep 30, 2026, CSX has an EBITDA margin of 48%.

What is CSX's net margin?

As of Sep 30, 2026, CSX has a net margin of 24%.

What are the average margins of CSX?

Over the past 3 years, CSX reported average margins of 47.2% gross, 35.1% operating, 47.4% EBITDA, and 23.0% net.

What are the highest historical margins of CSX?

Across the 5-year period, CSX posted its highest margins at 52.4% gross in Dec 2021, 44.7% operating in Dec 2021, 56.6% EBITDA in Dec 2021, and 30.2% net in Dec 2021.

What are the lowest historical margins of CSX?

Looking back across 5 years, CSX reached its lowest margins at 45.2% gross in Dec 2025, 32% operating in Sep 2025, 44.7% EBITDA in Dec 2025, and 20.5% net in Sep 2025.