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
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.
Others in SIC 4011
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| UNP | UNION PACIFIC CORP | $172.06B | 24.2x | 1.1% |
| CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | $80.52B | — | — |
| NSC | NORFOLK SOUTHERN CORP | $74.00B | 25.8x | 0.5% |
| FIP | FTAI Infrastructure Inc. | $403.0M | — | 51.6% |
| CNI | CANADIAN NATIONAL RAILWAY CO | — | — | — |