CSX CORP CSX
CSX Corporation, together with its subsidiaries ("CSX" or the "Company"), based in Jacksonville, Florida, is one of the nation's leading transportation companies. The Company provides rail-based freight transportation services including traditional rail service, the transport of intermodal containers and trailers, as well as other transportation services such as rail-to-truck transfers and bulk commodity operations. CSX and the rail industry provide customers with access to an expansive and interconnected transportation network that plays a key role in North American commerce and is critical to the long-term economic success and improved global competitiveness of the United States. In addition, freight railroads provide the most economical and environmentally efficient means to transport goods over land.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Rail Operations
- Trucking Operating Segment
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Rail Operations | $13.28B | $13.70B | $13.78B |
| Trucking Operating Segment | $839.0M | $851.0M | $887.0M |
As the company reported it, from the “Segment Reporting and Significant Expenses- Schedule of Segment Reporting Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.09B | $14.54B | $14.66B | $14.85B | $12.52B | $10.58B | $11.94B | $12.25B | $11.41B | $11.07B |
| Total operating expenses | — | — | — | — | — | — | — | $7.38B | $7.69B | $7.66B |
| Operating income | $4.52B | $5.25B | $5.50B | $5.95B | $5.59B | $4.36B | $4.96B | $4.87B | $3.72B | $3.41B |
| Interest expense | $844.0M | $832.0M | $809.0M | $742.0M | $722.0M | $754.0M | $737.0M | $639.0M | $546.0M | $579.0M |
| Pre-tax income | $3.77B | $4.55B | $4.83B | $5.34B | $4.95B | $3.63B | $4.32B | $4.30B | $3.14B | $2.74B |
| Income tax | $880.0M | $1.08B | $1.16B | $1.23B | $1.17B | $862.0M | $985.0M | $995.0M | $2.33B | $1.03B |
| Net income | $2.89B | $3.47B | $3.67B | $4.11B | $3.78B | $2.77B | $3.33B | $3.31B | $5.47B | $1.71B |
| EPS, basic | 1.54 | 1.79 | 1.83 | 1.93 | 1.68 | 1.20 | 1.39 | 3.86 | 6.01 | 1.81 |
| EPS, diluted | 1.54 | 1.79 | 1.82 | 1.92 | 1.68 | 1.20 | 1.39 | 3.84 | 5.99 | 1.81 |
| Shares, diluted (wtd. avg.) | 1.87B | 1.94B | 2.01B | 2.14B | 2.25B | 2.31B | 2.40B | 861.0M | 914.0M | 948.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $670.0M | $933.0M | $1.35B | $1.93B | $2.24B | $3.13B | $958.0M | $858.0M | $401.0M | $603.0M |
| Short-term investments | $5.0M | $72.0M | $83.0M | $129.0M | $77.0M | $2.0M | $996.0M | $253.0M | $18.0M | $417.0M |
| Receivables | $1.30B | $1.33B | $1.39B | $1.31B | $1.15B | $912.0M | $986.0M | $1.01B | $970.0M | $938.0M |
| Total current assets | $2.55B | $2.82B | $2.90B | $3.81B | $3.87B | $4.44B | $3.28B | $2.56B | $1.92B | $2.49B |
| Property, plant and equipment | $36.81B | $35.66B | $34.27B | $34.07B | $33.02B | $32.44B | $32.17B | $32.00B | $31.76B | $31.15B |
| Goodwill | $80.0M | $239.0M | $325.0M | $319.0M | $276.0M | $63.0M | $63.0M | — | $63.0M | $63.0M |
| Other intangibles | $187.0M | $194.0M | $181.0M | $183.0M | $175.0M | $0 | $0 | — | — | — |
| Total assets | $43.68B | $42.76B | $42.20B | $41.68B | $40.53B | $39.79B | $38.26B | $36.73B | $35.74B | $35.41B |
| Accounts payable | $1.15B | $1.12B | $1.24B | $1.13B | $963.0M | $809.0M | $1.04B | $949.0M | $847.0M | $806.0M |
| Total current liabilities | $3.13B | $3.28B | $2.07B | $2.45B | $2.23B | $2.02B | $2.15B | $1.92B | $1.89B | $2.04B |
| Total liabilities | $30.52B | $30.26B | $28.91B | $29.21B | $27.03B | $26.68B | $26.39B | $24.15B | $21.02B | $23.72B |
| Retained earnings | $10.56B | $9.99B | $9.85B | $10.23B | $11.63B | $11.26B | $11.40B | $12.16B | $14.08B | $11.25B |
| Total equity | $13.16B | $12.51B | $11.98B | $12.47B | $13.45B | $13.11B | $11.86B | $12.58B | $14.72B | $11.69B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.61B | $5.25B | $5.51B | $5.53B | $5.10B | $4.26B | $4.85B | $4.64B | $3.47B | $3.04B |
| Depreciation and amortisation | $1.68B | $1.66B | $1.61B | $1.50B | $1.42B | $1.38B | $1.35B | $1.33B | $1.31B | $1.30B |
| Capital expenditure | $2.90B | $2.53B | $2.26B | $2.11B | $1.79B | $1.63B | $1.66B | $1.75B | $2.04B | $2.40B |
| Investing cash flow | -$2.85B | -$2.60B | -$2.23B | -$2.06B | -$1.88B | -$649.0M | -$2.10B | -$1.68B | -$1.50B | -$1.80B |
| Financing cash flow | -$2.02B | -$3.06B | -$3.87B | -$3.77B | -$4.11B | -$1.44B | -$2.65B | -$2.50B | -$2.18B | -$1.27B |
| Dividends paid | $972.0M | $930.0M | $882.0M | $852.0M | $839.0M | $797.0M | $763.0M | $751.0M | $708.0M | $680.0M |
| Buybacks | $1.40B | $2.24B | $3.48B | $4.73B | $2.89B | $867.0M | $3.37B | $4.67B | $1.97B | $1.06B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000277948-26-000006.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.07B | $11.41B | $12.25B | $11.94B | $10.58B | $12.52B | $14.85B | $14.66B | $14.54B | $14.09B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $1.71B | $5.47B | $3.31B | $3.33B | $2.77B | $3.78B | $4.11B | $3.67B | $3.47B | $2.89B |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 4011
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|---|---|---|---|---|
| UNP | UNION PACIFIC CORP | $173.99B | 24.4x | 1.1% |
| CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | $78.69B | — | — |
| NSC | NORFOLK SOUTHERN CORP | $74.12B | 25.9x | 0.5% |
| FIP | FTAI Infrastructure Inc. | $300.2M | — | 51.6% |
| CNI | CANADIAN NATIONAL RAILWAY CO | — | — | — |