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CSX vs Canadian Pacific Kansas City: CSX and CP compared
CSX is the larger company: $4.0B of revenue in its latest quarter (Q3 2026) against $4.2B for Canadian Pacific Kansas City (Q3 2026). Canadian Pacific Kansas City is growing faster (+15% against +12% a year earlier). CSX is more profitable, with an operating margin of 39.1% against 35.2%.
Where the money goes: CSX and CP
CSX (CSX) · Q3 2026
CSX, Q3 2026: revenue $4.0B (+12% year over year), operating margin 39.1%, net earnings $1.1B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
Canadian Pacific Kansas City (CP) · Q3 2026
Canadian Pacific Kansas City, Q3 2026: revenue $4.2B (+15% year over year), operating margin 35.2%, net earnings $916M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| CSX (CSX) | Canadian Pacific Kansas City (CP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.0B | $4.2B |
| Revenue growth, Y/Y | +12% | +15% |
| Operating margin | 39.1% | 35.2% |
| Net earnings | $1.1B | $916M |
| Net margin | 26.2% | 21.7% |
| Operating cash flow | $1.6B | $1.6B |
| Free cash flow | $1.0B | $937M |
| Market value | $94.2B | $80.9B |
| P/E | 26.3× | 20.9× |
| Analysts’ mean target | $53.81 | $97.92 |
Where the revenue comes from
CSX
- Total Merchandise: $2.5B (61%)
- Coal: $537M (13%)
- Metals and Equipment: $267M (7%)
- Minerals: $246M (6%)
Canadian Pacific Kansas City
- Freight: $4.1B (98%)
- Non-freight: $80.0M (2%)
Questions
Which is bigger, CSX or Canadian Pacific Kansas City?
CSX is the larger company: $4.0B of revenue in its latest quarter (Q3 2026) against $4.2B for Canadian Pacific Kansas City (Q3 2026).
Is CSX or Canadian Pacific Kansas City growing faster?
Canadian Pacific Kansas City is growing faster (+15% against +12% a year earlier).
Which is more profitable, CSX or Canadian Pacific Kansas City?
CSX is more profitable, with an operating margin of 39.1% against 35.2%.
More: CSX earnings · how CSX makes money · Canadian Pacific Kansas City earnings · how Canadian Pacific Kansas City makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.