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

CSX Corporation is the larger business by last-quarter revenue ($3.5B vs $2.7B, roughly 1.3× QVC Group, Inc.). CSX Corporation runs the higher net margin — 23.2% vs -1.4%, a 24.6% gap on every dollar of revenue. On growth, CSX Corporation posted the faster year-over-year revenue change (1.7% vs -9.1%). CSX Corporation produced more free cash flow last quarter ($793.0M vs $191.0M). Over the past eight quarters, QVC Group, Inc.'s revenue compounded faster (6.9% 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.

QVC Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.

CSX vs QVCGA — Head-to-Head

Bigger by revenue
CSX
CSX
1.3× larger
CSX
$3.5B
$2.7B
QVCGA
Growing faster (revenue YoY)
CSX
CSX
+10.8% gap
CSX
1.7%
-9.1%
QVCGA
Higher net margin
CSX
CSX
24.6% more per $
CSX
23.2%
-1.4%
QVCGA
More free cash flow
CSX
CSX
$602.0M more FCF
CSX
$793.0M
$191.0M
QVCGA
Faster 2-yr revenue CAGR
QVCGA
QVCGA
Annualised
QVCGA
6.9%
-3.0%
CSX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CSX
CSX
QVCGA
QVCGA
Revenue
$3.5B
$2.7B
Net Profit
$807.0M
$-37.0M
Gross Margin
32.9%
Operating Margin
36.0%
3.7%
Net Margin
23.2%
-1.4%
Revenue YoY
1.7%
-9.1%
Net Profit YoY
24.9%
97.1%
EPS (diluted)
$-17.37

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
QVCGA
QVCGA
Q1 26
$3.5B
Q4 25
$3.5B
$2.7B
Q3 25
$3.6B
$2.2B
Q2 25
$3.6B
$2.2B
Q1 25
$3.4B
$2.1B
Q4 24
$3.5B
$2.9B
Q3 24
$3.6B
$2.3B
Q2 24
$3.7B
$2.4B
Net Profit
CSX
CSX
QVCGA
QVCGA
Q1 26
$807.0M
Q4 25
$720.0M
$-37.0M
Q3 25
$694.0M
$-80.0M
Q2 25
$829.0M
$-2.2B
Q1 25
$646.0M
$-100.0M
Q4 24
$720.0M
$-1.3B
Q3 24
$894.0M
$-23.0M
Q2 24
$963.0M
$20.0M
Gross Margin
CSX
CSX
QVCGA
QVCGA
Q1 26
Q4 25
32.9%
Q3 25
34.0%
Q2 25
36.4%
Q1 25
34.2%
Q4 24
33.3%
Q3 24
35.3%
Q2 24
36.4%
Operating Margin
CSX
CSX
QVCGA
QVCGA
Q1 26
36.0%
Q4 25
31.6%
3.7%
Q3 25
30.3%
2.7%
Q2 25
35.9%
-101.6%
Q1 25
30.4%
0.7%
Q4 24
30.8%
-43.2%
Q3 24
37.4%
6.5%
Q2 24
39.1%
6.9%
Net Margin
CSX
CSX
QVCGA
QVCGA
Q1 26
23.2%
Q4 25
20.5%
-1.4%
Q3 25
19.3%
-3.6%
Q2 25
23.2%
-99.4%
Q1 25
18.9%
-4.8%
Q4 24
20.3%
-43.7%
Q3 24
24.7%
-1.0%
Q2 24
26.0%
0.8%
EPS (diluted)
CSX
CSX
QVCGA
QVCGA
Q1 26
Q4 25
$0.39
$-17.37
Q3 25
$0.37
$-9.89
Q2 25
$0.44
$-275.46
Q1 25
$0.34
$-0.25
Q4 24
$0.38
Q3 24
$0.46
$-0.06
Q2 24
$0.49
$2.57

Balance Sheet & Financial Strength

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

Metric
CSX
CSX
QVCGA
QVCGA
Cash + ST InvestmentsLiquidity on hand
$1.1B
$2.0B
Total DebtLower is stronger
$18.9B
$790.0M
Stockholders' EquityBook value
$13.6B
$-3.1B
Total Assets
$44.2B
$7.6B
Debt / EquityLower = less leverage
1.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSX
CSX
QVCGA
QVCGA
Q1 26
$1.1B
Q4 25
$5.0M
$2.0B
Q3 25
$6.0M
$1.8B
Q2 25
$6.0M
$897.0M
Q1 25
$8.0M
$833.0M
Q4 24
$72.0M
$905.0M
Q3 24
$12.0M
$873.0M
Q2 24
$4.0M
$1.2B
Total Debt
CSX
CSX
QVCGA
QVCGA
Q1 26
$18.9B
Q4 25
$18.2B
$790.0M
Q3 25
$18.6B
$5.9B
Q2 25
$18.6B
$4.9B
Q1 25
$18.5B
$5.0B
Q4 24
$17.9B
$4.1B
Q3 24
$18.5B
$5.1B
Q2 24
$18.0B
$5.3B
Stockholders' Equity
CSX
CSX
QVCGA
QVCGA
Q1 26
$13.6B
Q4 25
$13.2B
$-3.1B
Q3 25
$12.8B
$-3.1B
Q2 25
$12.4B
$-3.0B
Q1 25
$12.2B
$-981.0M
Q4 24
$12.5B
$-971.0M
Q3 24
$12.9B
$397.0M
Q2 24
$12.6B
$328.0M
Total Assets
CSX
CSX
QVCGA
QVCGA
Q1 26
$44.2B
Q4 25
$43.7B
$7.6B
Q3 25
$43.3B
$7.6B
Q2 25
$42.9B
$6.7B
Q1 25
$43.2B
$9.0B
Q4 24
$42.8B
$9.2B
Q3 24
$43.1B
$10.8B
Q2 24
$42.4B
$10.9B
Debt / Equity
CSX
CSX
QVCGA
QVCGA
Q1 26
1.39×
Q4 25
1.38×
Q3 25
1.45×
Q2 25
1.50×
Q1 25
1.52×
Q4 24
1.43×
Q3 24
1.43×
12.74×
Q2 24
1.42×
16.28×

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
QVCGA
QVCGA
Operating Cash FlowLast quarter
$1.3B
$244.0M
Free Cash FlowOCF − Capex
$793.0M
$191.0M
FCF MarginFCF / Revenue
22.8%
7.1%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
1.58×
TTM Free Cash FlowTrailing 4 quarters
$2.0B
$118.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSX
CSX
QVCGA
QVCGA
Q1 26
$1.3B
Q4 25
$1.4B
$244.0M
Q3 25
$1.3B
$4.0M
Q2 25
$635.0M
$86.0M
Q1 25
$1.3B
$-60.0M
Q4 24
$1.4B
$212.0M
Q3 24
$1.7B
$20.0M
Q2 24
$1.1B
$267.0M
Free Cash Flow
CSX
CSX
QVCGA
QVCGA
Q1 26
$793.0M
Q4 25
$709.0M
$191.0M
Q3 25
$607.0M
$-27.0M
Q2 25
$-141.0M
$48.0M
Q1 25
$536.0M
$-94.0M
Q4 24
$550.0M
$150.0M
Q3 24
$1.1B
$-23.0M
Q2 24
$547.0M
$213.0M
FCF Margin
CSX
CSX
QVCGA
QVCGA
Q1 26
22.8%
Q4 25
20.2%
7.1%
Q3 25
16.9%
-1.2%
Q2 25
-3.9%
2.1%
Q1 25
15.7%
-4.5%
Q4 24
15.5%
5.1%
Q3 24
29.3%
-1.0%
Q2 24
14.8%
8.8%
Capex Intensity
CSX
CSX
QVCGA
QVCGA
Q1 26
Q4 25
19.3%
2.0%
Q3 25
20.4%
1.4%
Q2 25
21.7%
1.7%
Q1 25
21.0%
1.6%
Q4 24
23.7%
2.1%
Q3 24
17.3%
1.8%
Q2 24
14.6%
2.2%
Cash Conversion
CSX
CSX
QVCGA
QVCGA
Q1 26
1.58×
Q4 25
1.93×
Q3 25
1.93×
Q2 25
0.77×
Q1 25
1.94×
Q4 24
1.93×
Q3 24
1.89×
Q2 24
1.13×
13.35×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSX
CSX

Segment breakdown not available.

QVCGA
QVCGA

Other$915.0M34%
Home$754.0M28%
Beauty$260.0M10%
Apparel$254.0M9%
Electronics$187.0M7%
Accessories$181.0M7%
Jewelry$87.0M3%
Manufactured Product Other$38.0M1%

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