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Side-by-side financial comparison of CSX Corporation (CSX) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

CSX Corporation is the larger business by last-quarter revenue ($3.5B vs $3.1B, roughly 1.1× Molson Coors Beverage Company). CSX Corporation runs the higher net margin — 23.2% vs 7.6%, a 15.6% gap on every dollar of revenue. On growth, CSX Corporation posted the faster year-over-year revenue change (1.7% vs -3.6%). CSX Corporation produced more free cash flow last quarter ($793.0M vs $357.8M). Over the past eight quarters, Molson Coors Beverage Company's revenue compounded faster (1.2% 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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

CSX vs TAP — Head-to-Head

Bigger by revenue
CSX
CSX
1.1× larger
CSX
$3.5B
$3.1B
TAP
Growing faster (revenue YoY)
CSX
CSX
+5.4% gap
CSX
1.7%
-3.6%
TAP
Higher net margin
CSX
CSX
15.6% more per $
CSX
23.2%
7.6%
TAP
More free cash flow
CSX
CSX
$435.2M more FCF
CSX
$793.0M
$357.8M
TAP
Faster 2-yr revenue CAGR
TAP
TAP
Annualised
TAP
1.2%
-3.0%
CSX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CSX
CSX
TAP
TAP
Revenue
$3.5B
$3.1B
Net Profit
$807.0M
$238.3M
Gross Margin
31.0%
Operating Margin
29.9%
10.4%
Net Margin
23.2%
7.6%
Revenue YoY
1.7%
-3.6%
Net Profit YoY
401.2%
-17.2%
EPS (diluted)
$1.32

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
TAP
TAP
Q1 26
$3.5B
Q4 25
$3.5B
$3.1B
Q3 25
$3.6B
$3.5B
Q2 25
$3.6B
$3.7B
Q1 25
$3.4B
$2.7B
Q4 24
$3.5B
$3.2B
Q3 24
$3.6B
$3.6B
Q2 24
$3.7B
$3.8B
Net Profit
CSX
CSX
TAP
TAP
Q1 26
$807.0M
Q4 25
$720.0M
$238.3M
Q3 25
$694.0M
$-2.9B
Q2 25
$829.0M
$428.7M
Q1 25
$646.0M
$121.0M
Q4 24
$720.0M
$287.8M
Q3 24
$894.0M
$199.8M
Q2 24
$963.0M
$427.0M
Gross Margin
CSX
CSX
TAP
TAP
Q1 26
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
34.6%
Operating Margin
CSX
CSX
TAP
TAP
Q1 26
29.9%
Q4 25
31.6%
10.4%
Q3 25
30.3%
-98.5%
Q2 25
35.9%
15.6%
Q1 25
30.4%
6.9%
Q4 24
30.8%
12.0%
Q3 24
37.4%
12.5%
Q2 24
39.1%
15.6%
Net Margin
CSX
CSX
TAP
TAP
Q1 26
23.2%
Q4 25
20.5%
7.6%
Q3 25
19.3%
-84.0%
Q2 25
23.2%
11.5%
Q1 25
18.9%
4.5%
Q4 24
20.3%
8.9%
Q3 24
24.7%
5.5%
Q2 24
26.0%
11.1%
EPS (diluted)
CSX
CSX
TAP
TAP
Q1 26
Q4 25
$0.39
$1.32
Q3 25
$0.37
$-14.79
Q2 25
$0.44
$2.13
Q1 25
$0.34
$0.59
Q4 24
$0.38
$1.39
Q3 24
$0.46
$0.96
Q2 24
$0.49
$2.03

Balance Sheet & Financial Strength

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

Metric
CSX
CSX
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$1.1B
$896.5M
Total DebtLower is stronger
$18.9B
$6.3B
Stockholders' EquityBook value
$13.6B
$10.2B
Total Assets
$44.2B
$22.7B
Debt / EquityLower = less leverage
1.39×
0.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSX
CSX
TAP
TAP
Q1 26
$1.1B
Q4 25
$5.0M
$896.5M
Q3 25
$6.0M
$950.2M
Q2 25
$6.0M
$613.8M
Q1 25
$8.0M
$412.7M
Q4 24
$72.0M
$969.3M
Q3 24
$12.0M
$1.0B
Q2 24
$4.0M
$1.6B
Total Debt
CSX
CSX
TAP
TAP
Q1 26
$18.9B
Q4 25
$18.2B
$6.3B
Q3 25
$18.6B
$6.3B
Q2 25
$18.6B
$6.3B
Q1 25
$18.5B
$6.2B
Q4 24
$17.9B
$6.1B
Q3 24
$18.5B
$6.2B
Q2 24
$18.0B
$7.0B
Stockholders' Equity
CSX
CSX
TAP
TAP
Q1 26
$13.6B
Q4 25
$13.2B
$10.2B
Q3 25
$12.8B
$10.3B
Q2 25
$12.4B
$13.4B
Q1 25
$12.2B
$13.1B
Q4 24
$12.5B
$13.1B
Q3 24
$12.9B
$13.3B
Q2 24
$12.6B
$13.2B
Total Assets
CSX
CSX
TAP
TAP
Q1 26
$44.2B
Q4 25
$43.7B
$22.7B
Q3 25
$43.3B
$22.9B
Q2 25
$42.9B
$26.8B
Q1 25
$43.2B
$25.9B
Q4 24
$42.8B
$26.1B
Q3 24
$43.1B
$26.6B
Q2 24
$42.4B
$27.4B
Debt / Equity
CSX
CSX
TAP
TAP
Q1 26
1.39×
Q4 25
1.38×
0.61×
Q3 25
1.45×
0.61×
Q2 25
1.50×
0.47×
Q1 25
1.52×
0.47×
Q4 24
1.43×
0.47×
Q3 24
1.43×
0.47×
Q2 24
1.42×
0.53×

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
TAP
TAP
Operating Cash FlowLast quarter
$1.3B
$540.7M
Free Cash FlowOCF − Capex
$793.0M
$357.8M
FCF MarginFCF / Revenue
22.8%
11.4%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
1.58×
2.27×
TTM Free Cash FlowTrailing 4 quarters
$2.0B
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSX
CSX
TAP
TAP
Q1 26
$1.3B
Q4 25
$1.4B
$540.7M
Q3 25
$1.3B
$616.1M
Q2 25
$635.0M
$718.3M
Q1 25
$1.3B
$-90.7M
Q4 24
$1.4B
$494.5M
Q3 24
$1.7B
$521.2M
Q2 24
$1.1B
$869.2M
Free Cash Flow
CSX
CSX
TAP
TAP
Q1 26
$793.0M
Q4 25
$709.0M
$357.8M
Q3 25
$607.0M
$483.0M
Q2 25
$-141.0M
$555.0M
Q1 25
$536.0M
$-328.0M
Q4 24
$550.0M
$383.4M
Q3 24
$1.1B
$350.4M
Q2 24
$547.0M
$691.7M
FCF Margin
CSX
CSX
TAP
TAP
Q1 26
22.8%
Q4 25
20.2%
11.4%
Q3 25
16.9%
13.9%
Q2 25
-3.9%
14.8%
Q1 25
15.7%
-12.2%
Q4 24
15.5%
11.8%
Q3 24
29.3%
9.7%
Q2 24
14.8%
18.0%
Capex Intensity
CSX
CSX
TAP
TAP
Q1 26
Q4 25
19.3%
5.9%
Q3 25
20.4%
3.8%
Q2 25
21.7%
4.4%
Q1 25
21.0%
8.8%
Q4 24
23.7%
3.4%
Q3 24
17.3%
4.7%
Q2 24
14.6%
4.6%
Cash Conversion
CSX
CSX
TAP
TAP
Q1 26
1.58×
Q4 25
1.93×
2.27×
Q3 25
1.93×
Q2 25
0.77×
1.68×
Q1 25
1.94×
-0.75×
Q4 24
1.93×
1.72×
Q3 24
1.89×
2.61×
Q2 24
1.13×
2.04×

Financial Flow Comparison

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

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