Filing Flows › Comparisons › CSX vs FIP
CSX vs FTAI Infrastructure: CSX and FIP compared
CSX is the larger company: $4.0B of revenue in its latest quarter (Q3 2026) against $219M for FTAI Infrastructure (Q3 2026). FTAI Infrastructure is growing faster (+56% against +12% a year earlier). CSX is more profitable, with an operating margin of 39.1% against 9.0%.
Where the money goes: CSX and FIP
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.
FTAI Infrastructure (FIP) · Q3 2026
FTAI Infrastructure, Q3 2026: revenue $219M (+56% year over year), operating margin 9.0%, net loss $123M, operating cash flow $22.0M. The chart follows the revenue to costs, profit and cash.
| CSX (CSX) | FTAI Infrastructure (FIP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.0B | $219M |
| Revenue growth, Y/Y | +12% | +56% |
| Operating margin | 39.1% | 9.0% |
| Net earnings | $1.1B | −$123M |
| Net margin | 26.2% | -56.2% |
| Operating cash flow | $1.6B | $22.0M |
| Free cash flow | $1.0B | — |
| Market value | $94.2B | — |
| P/E | 26.3× | — |
| Analysts’ mean target | $53.81 | — |
Where the revenue comes from
CSX
- Total Merchandise: $2.5B (61%)
- Coal: $537M (13%)
- Metals and Equipment: $267M (7%)
- Minerals: $246M (6%)
FTAI Infrastructure
- Rail revenues: $94.8M (43%)
- Power Revenues: $60.3M (28%)
- Terminal services revenues: $34.6M (16%)
- Roadside services revenues: $17.3M (8%)
Questions
Which is bigger, CSX or FTAI Infrastructure?
CSX is the larger company: $4.0B of revenue in its latest quarter (Q3 2026) against $219M for FTAI Infrastructure (Q3 2026).
Is CSX or FTAI Infrastructure growing faster?
FTAI Infrastructure is growing faster (+56% against +12% a year earlier).
Which is more profitable, CSX or FTAI Infrastructure?
CSX is more profitable, with an operating margin of 39.1% against 9.0%.
More: CSX earnings · how CSX makes money · FTAI Infrastructure earnings · how FTAI Infrastructure makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.