Financials · CSX

CSX Corporation (CSX) financials

For the twelve months ended Sep 30, 2026, CSX Corporation reported $14.94B of revenue and $3.58B of net income.

Revenue, TTM
$14.94B
Revenue growth, YoY
+5.8%
Net income, TTM
$3.58B
Net income growth, YoY
+23.4%
Net margin
24.0%
Free cash flow, TTM
$3.21B
EPS, diluted, TTM
$1.93
EPS growth, YoY
+25.3%
Cash
$1.22B
Total debt
$17.10B
P/E
25.28
P/S
6.06
Market cap
$90.54B
Annual revenue$14.09B
FY2016FY2025
Annual net income$2.89B
FY2016FY2025
Annual free cash flow$1.71B
FY2016FY2025

CSX revenue and earnings growth

CSX revenueQ3 2026$4.02B

Quarter YoY
+12.0%
QoQ
+2.1%
FY YoY
-3.1%
5Y CAGR
+5.9%
10Y CAGR
+1.8%

CSX revenue was $4.02B in fiscal Q3 2026 (ended Sep 30, 2026), up 12.0% from a year earlier and up 2.1% from the prior quarter. For the full fiscal 2025 it was $14.09B, down 3.1% from fiscal 2024. Compound annual growth was +5.9% over 5 years and +1.8% over 10 years. It rose in 4 of the last 10 fiscal years.

CSX net incomeQ3 2026$1.05B

Quarter YoY
+51.6%
QoQ
+5.0%
FY YoY
-16.7%
5Y CAGR
+0.9%
10Y CAGR
+3.9%

CSX net income was $1.05B in fiscal Q3 2026 (ended Sep 30, 2026), up 51.6% from a year earlier and up 5.0% from the prior quarter. For the full fiscal 2025 it was $2.89B, down 16.7% from fiscal 2024. Compound annual growth was +0.9% over 5 years and +3.9% over 10 years. It rose in 4 of the last 10 fiscal years.

CSX EPSQ3 2026$0.57

Quarter YoY
+54.1%
QoQ
+5.6%
FY YoY
-14.0%
5Y CAGR
+5.1%
10Y CAGR
+8.7%

CSX diluted EPS was $0.57 in fiscal Q3 2026 (ended Sep 30, 2026), up 54.1% from a year earlier and up 5.6% from the prior quarter. For the full fiscal 2025 it was $1.54, down 14.0% from fiscal 2024. Compound annual growth was +5.1% over 5 years and +8.7% over 10 years.

CSX free cash flowQ3 2026$1.02B

Quarter YoY
+68.7%
QoQ
+36.4%
FY YoY
-37.0%
5Y CAGR
-8.3%
10Y CAGR
+7.8%

CSX free cash flow was $1.02B in fiscal Q3 2026 (ended Sep 30, 2026), up 68.7% from a year earlier and up 36.4% from the prior quarter. For the full fiscal 2025 it was $1.71B, down 37.0% from fiscal 2024. Compound annual growth was -8.3% over 5 years and +7.8% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 30, 2016
Revenue$14.09B$14.54B$14.66B$14.85B$12.52B$10.58B$11.94B$12.25B$11.41B$11.07B
Operating income$4.52B$5.25B$5.50B$5.95B$5.59B$4.36B$4.96B$4.87B$3.72B$3.41B
Interest expense$844.00M$832.00M$809.00M$742.00M----$546.00M$579.00M
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$880.00M$1.08B$1.16B$1.23B$1.17B$862.00M$985.00M$995.00M-$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$1.29$2.00$0.60
EPS, diluted$1.54$1.79$1.82$1.92$1.68$1.20$1.39$1.28$2.00$0.60
Diluted shares1.87B1.94B2.01B2.14B2.25B2.31B2.40B2.58B2.74B2.84B

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 30, 2016
Cash and equivalents$670.00M$933.00M$1.35B$1.93B$2.24B$3.13B$958.00M$858.00M$401.00M$603.00M
Short-term investments$5.00M$72.00M$83.00M$129.00M$77.00M$2.00M$996.00M$253.00M$18.00M$417.00M
Receivables$1.30B$1.33B$1.39B$1.31B$1.15B$912.00M$986.00M$1.01B$970.00M$938.00M
Current assets$2.55B$2.82B$3.36B$3.81B$3.87B$4.44B$3.28B$2.56B$1.92B$2.49B
Goodwill$80.00M$239.00M$325.00M$319.00M$276.00M$63.00M$63.00M-$63.00M$63.00M
Total assets$43.68B$42.76B$42.20B$41.68B$40.53B$39.79B$38.26B$36.73B$35.74B$35.41B
Current liabilities$3.13B$3.28B$3.22B$2.45B$2.23B$2.02B$2.15B$1.92B$1.89B$2.04B
Long-term debt$18.16B$17.90B$17.98B$17.90B$16.18B$16.30B$15.99B$14.74B$11.79B$10.96B
Total debt$18.16B$17.90B$17.98B$17.90B$16.18B$16.30B$15.99B$14.74B$11.79B$10.96B
Total liabilities$30.52B$30.26B$30.23B$29.21B$27.03B$26.68B$26.39B$24.15B$21.02B$23.72B
Shareholders' equity$13.16B$12.51B$11.98B$12.47B$13.45B$13.11B$11.86B$12.58B$14.72B$11.69B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 30, 2016
Operating cash flow$4.61B$5.25B$5.51B$5.53B$5.10B$4.26B$4.85B$4.64B$3.47B$3.04B
Capital expenditures$2.90B$2.53B$2.26B$2.11B$1.79B$1.63B$1.66B$1.75B$2.04B$2.40B
Free cash flow$1.71B$2.72B$3.26B$3.41B$3.31B$2.64B$3.19B$2.90B$1.43B$643.00M
Investing cash flow-$2.85B-$2.60B-$2.23B-$2.06B-$1.88B-$649.00M-$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$972.00M$930.00M$882.00M$852.00M$839.00M$797.00M$763.00M$751.00M$708.00M$680.00M
Share repurchases$1.40B$2.24B$3.48B$4.73B$2.89B$867.00M$3.37B$4.67B$1.97B$1.06B
Depreciation and amortization$1.68B$1.66B$1.61B$1.50B$1.42B$1.38B----

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 30, 2016
Revenue growth, YoY-3.1%-0.8%-1.3%18.6%18.3%-11.3%-2.6%7.4%3.1%-6.3%
Net income growth, YoY-16.7%-5.4%-10.8%8.8%36.7%-17.0%0.7%-39.5%219.2%-12.9%
EPS growth, YoY-14.0%-1.6%-5.2%14.3%40.0%-13.7%8.6%-35.9%230.9%-9.5%
Operating margin32.1%36.1%37.5%40.1%44.7%41.2%41.6%39.7%32.6%30.8%
Net margin20.5%23.9%25.0%27.7%30.2%26.1%27.9%27.0%48.0%15.5%
Free cash flow margin12.1%18.7%22.2%23.0%26.4%24.9%26.7%23.6%12.6%5.8%
Return on equity22.0%27.7%30.6%33.0%28.1%21.1%28.1%26.3%37.2%14.7%
Return on assets6.6%8.1%8.7%9.9%9.3%6.9%8.7%9.0%15.3%4.8%
Current ratio0.810.861.041.561.732.201.521.341.011.22
Debt to equity1.381.431.501.441.201.241.351.170.800.94

Source: XBRL data CSX Corporation files with the SEC, latest filing dated Oct 21, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 3-for-1, first reported Jul 21, 2011; 3-for-1, first reported Jul 22, 2021.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CSX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CSX$14.94B+5.8%$3.58B24.0%$90.54B
UNP$26.36B+7.4%$7.62B28.9%$172.43B
CPC$16.01B+6.5%C$3.86B24.1%$80.15B
NSC$12.96B+6.0%$2.68B20.7%$71.86B
WAB$12.21B+13.2%$1.37B11.2%$47.59B
TRN$2.12B-2.4%$327.30M15.4%$2.30B
GBX$2.46B-24.0%$79.00M3.2%$1.29B
FIP$737.62M+67.7%-$516.44M-70.0%$410.1M

CSX FAQ

8 questions
  • What is CSX revenue?
    CSX Corporation (CSX) reported $14.94B of revenue for the twelve months ended Sep 30, 2026. That is up 5.8% from the year before. Revenue for fiscal 2025 was $14.09B.
  • Is CSX profitable?
    Yes. CSX Corporation earned $3.58B in net income for the twelve months ended Sep 30, 2026, a net margin of 24.0%.
  • How much cash and debt does CSX have?
    CSX Corporation reported $1.22B in cash and cash equivalents and $17.10B of debt on its most recent balance sheet in SEC filings.
  • How fast is CSX revenue growing?
    CSX Corporation's revenue changed -3.1% in fiscal 2025, to $14.09B. Its compound annual growth rate was +5.9% over 5 years and +1.8% over 10 years.
  • What is CSX free cash flow?
    CSX Corporation generated $3.21B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $5.60B less capital expenditures.
  • What is CSX earnings per share?
    Diluted earnings per share were $1.93 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CSX last report financial results?
    The latest statements here come from CSX Corporation's 10-Q filed on Oct 21, 2026, covering the period ended Sep 30, 2026.
  • Where does this CSX financial data come from?
    Quantisnow builds these statements from the structured XBRL data CSX Corporation files with the SEC. It is provided for information only and is not investment advice.