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Side-by-side financial comparison of CSX Corporation (CSX) and Marvell Technology, Inc. (MRVL). Click either name above to swap in a different company.

CSX Corporation is the larger business by last-quarter revenue ($3.5B vs $2.1B, roughly 1.7× Marvell Technology, Inc.). Marvell Technology, Inc. runs the higher net margin — 91.7% vs 23.2%, a 68.5% gap on every dollar of revenue. On growth, Marvell Technology, Inc. posted the faster year-over-year revenue change (36.8% vs 1.7%). CSX Corporation produced more free cash flow last quarter ($793.0M vs $508.8M). Over the past eight quarters, Marvell Technology, Inc.'s revenue compounded faster (20.6% CAGR vs -3.0%).

CSX Transportation, known colloquially as simply CSX, is a Class I freight railroad company operating in the Eastern United States and the Canadian provinces of Ontario and Quebec. Operating about 21,000 route miles (34,000 km) of track, it is the leading subsidiary of CSX Corporation, a Fortune 500 company headquartered in Jacksonville, Florida.

Marvell Technology, Inc. is an American company, headquartered in Santa Clara, California, which develops and produces semiconductors and related technology. Founded in 1995, the company had more than 6,500 employees as of 2024, with over 10,000 patents worldwide, and an annual revenue of $5.5 billion for fiscal 2024.

CSX vs MRVL — Head-to-Head

Bigger by revenue
CSX
CSX
1.7× larger
CSX
$3.5B
$2.1B
MRVL
Growing faster (revenue YoY)
MRVL
MRVL
+35.1% gap
MRVL
36.8%
1.7%
CSX
Higher net margin
MRVL
MRVL
68.5% more per $
MRVL
91.7%
23.2%
CSX
More free cash flow
CSX
CSX
$284.2M more FCF
CSX
$793.0M
$508.8M
MRVL
Faster 2-yr revenue CAGR
MRVL
MRVL
Annualised
MRVL
20.6%
-3.0%
CSX

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
CSX
CSX
MRVL
MRVL
Revenue
$3.5B
$2.1B
Net Profit
$807.0M
$1.9B
Gross Margin
51.6%
Operating Margin
29.9%
17.2%
Net Margin
23.2%
91.7%
Revenue YoY
1.7%
36.8%
Net Profit YoY
401.2%
381.1%
EPS (diluted)
$2.20

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CSX
CSX
MRVL
MRVL
Q1 26
$3.5B
Q4 25
$3.5B
$2.1B
Q3 25
$3.6B
$2.0B
Q2 25
$3.6B
$1.9B
Q1 25
$3.4B
$1.8B
Q4 24
$3.5B
$1.5B
Q3 24
$3.6B
$1.3B
Q2 24
$3.7B
$1.2B
Net Profit
CSX
CSX
MRVL
MRVL
Q1 26
$807.0M
Q4 25
$720.0M
$1.9B
Q3 25
$694.0M
$194.8M
Q2 25
$829.0M
$177.9M
Q1 25
$646.0M
$200.2M
Q4 24
$720.0M
$-676.3M
Q3 24
$894.0M
$-193.3M
Q2 24
$963.0M
$-215.6M
Gross Margin
CSX
CSX
MRVL
MRVL
Q1 26
Q4 25
51.6%
Q3 25
50.4%
Q2 25
50.3%
Q1 25
50.5%
Q4 24
23.0%
Q3 24
46.2%
Q2 24
45.5%
Operating Margin
CSX
CSX
MRVL
MRVL
Q1 26
29.9%
Q4 25
31.6%
17.2%
Q3 25
30.3%
14.5%
Q2 25
35.9%
14.3%
Q1 25
30.4%
12.9%
Q4 24
30.8%
-46.4%
Q3 24
37.4%
-7.9%
Q2 24
39.1%
-13.1%
Net Margin
CSX
CSX
MRVL
MRVL
Q1 26
23.2%
Q4 25
20.5%
91.7%
Q3 25
19.3%
9.7%
Q2 25
23.2%
9.4%
Q1 25
18.9%
11.0%
Q4 24
20.3%
-44.6%
Q3 24
24.7%
-15.2%
Q2 24
26.0%
-18.6%
EPS (diluted)
CSX
CSX
MRVL
MRVL
Q1 26
Q4 25
$0.39
$2.20
Q3 25
$0.37
$0.22
Q2 25
$0.44
$0.20
Q1 25
$0.34
$0.23
Q4 24
$0.38
$-0.78
Q3 24
$0.46
$-0.22
Q2 24
$0.49
$-0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSX
CSX
MRVL
MRVL
Cash + ST InvestmentsLiquidity on hand
$1.1B
$2.7B
Total DebtLower is stronger
$18.9B
$4.5B
Stockholders' EquityBook value
$13.6B
$14.1B
Total Assets
$44.2B
$21.6B
Debt / EquityLower = less leverage
1.39×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSX
CSX
MRVL
MRVL
Q1 26
$1.1B
Q4 25
$5.0M
$2.7B
Q3 25
$6.0M
$1.2B
Q2 25
$6.0M
$885.9M
Q1 25
$8.0M
$948.3M
Q4 24
$72.0M
$868.1M
Q3 24
$12.0M
$808.7M
Q2 24
$4.0M
$847.7M
Total Debt
CSX
CSX
MRVL
MRVL
Q1 26
$18.9B
Q4 25
$18.2B
$4.5B
Q3 25
$18.6B
$4.5B
Q2 25
$18.6B
$4.2B
Q1 25
$18.5B
$4.1B
Q4 24
$17.9B
$4.1B
Q3 24
$18.5B
$4.1B
Q2 24
$18.0B
$4.1B
Stockholders' Equity
CSX
CSX
MRVL
MRVL
Q1 26
$13.6B
Q4 25
$13.2B
$14.1B
Q3 25
$12.8B
$13.4B
Q2 25
$12.4B
$13.3B
Q1 25
$12.2B
$13.4B
Q4 24
$12.5B
$13.4B
Q3 24
$12.9B
$14.2B
Q2 24
$12.6B
$14.5B
Total Assets
CSX
CSX
MRVL
MRVL
Q1 26
$44.2B
Q4 25
$43.7B
$21.6B
Q3 25
$43.3B
$20.6B
Q2 25
$42.9B
$20.0B
Q1 25
$43.2B
$20.2B
Q4 24
$42.8B
$19.7B
Q3 24
$43.1B
$20.3B
Q2 24
$42.4B
$20.5B
Debt / Equity
CSX
CSX
MRVL
MRVL
Q1 26
1.39×
Q4 25
1.38×
0.32×
Q3 25
1.45×
0.33×
Q2 25
1.50×
0.32×
Q1 25
1.52×
0.30×
Q4 24
1.43×
0.31×
Q3 24
1.43×
0.29×
Q2 24
1.42×
0.29×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CSX
CSX
MRVL
MRVL
Operating Cash FlowLast quarter
$1.3B
$582.3M
Free Cash FlowOCF − Capex
$793.0M
$508.8M
FCF MarginFCF / Revenue
22.8%
24.5%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
1.58×
0.31×
TTM Free Cash FlowTrailing 4 quarters
$2.0B
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSX
CSX
MRVL
MRVL
Q1 26
$1.3B
Q4 25
$1.4B
$582.3M
Q3 25
$1.3B
$461.6M
Q2 25
$635.0M
$332.9M
Q1 25
$1.3B
$514.0M
Q4 24
$1.4B
$536.3M
Q3 24
$1.7B
$306.4M
Q2 24
$1.1B
$324.5M
Free Cash Flow
CSX
CSX
MRVL
MRVL
Q1 26
$793.0M
Q4 25
$709.0M
$508.8M
Q3 25
$607.0M
$414.1M
Q2 25
$-141.0M
$214.1M
Q1 25
$536.0M
$444.1M
Q4 24
$550.0M
$461.3M
Q3 24
$1.1B
$258.2M
Q2 24
$547.0M
$233.0M
FCF Margin
CSX
CSX
MRVL
MRVL
Q1 26
22.8%
Q4 25
20.2%
24.5%
Q3 25
16.9%
20.6%
Q2 25
-3.9%
11.3%
Q1 25
15.7%
24.4%
Q4 24
15.5%
30.4%
Q3 24
29.3%
20.3%
Q2 24
14.8%
20.1%
Capex Intensity
CSX
CSX
MRVL
MRVL
Q1 26
Q4 25
19.3%
3.5%
Q3 25
20.4%
2.4%
Q2 25
21.7%
6.3%
Q1 25
21.0%
3.8%
Q4 24
23.7%
4.9%
Q3 24
17.3%
3.8%
Q2 24
14.6%
7.9%
Cash Conversion
CSX
CSX
MRVL
MRVL
Q1 26
1.58×
Q4 25
1.93×
0.31×
Q3 25
1.93×
2.37×
Q2 25
0.77×
1.87×
Q1 25
1.94×
2.57×
Q4 24
1.93×
Q3 24
1.89×
Q2 24
1.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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