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CSX Corp

CSX
Exchange
Nasdaq
Industry
Railroads, Line-Haul Operating
SEC CIK
0000277948

In the last 90 days, CSX Corp insiders filed 0 open-market purchases and 1 sale; 2,005 institutions reported holding it in 13F filings for Q2 2026, worth $69.9B in total; Markel Group is the only superinvestor holding it.

Currency
USD
Source
SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
Updated
Oct 22, 2026, 1:07 AM ET

Revenue flow, FY2025

Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.

Income statement

Each column is one fiscal year, newest first.

Income statement of CSX Corp, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing10-K10-K10-K10-K10-K
ReportedJan 22, 2026Jan 23, 2025Jan 24, 2024Jan 25, 2023Jan 20, 2022
Revenue$14.1B$14.5B$14.7B$14.9B$12.5B
Operating income$4.52B$5.25B$5.56B$6.02B$5.59B
Income tax$880.0M$1.08B$1.18B$1.25B$1.17B
Net income$2.89B$3.47B$3.71B$4.17B$3.78B
EPS, basic$1.54$1.79$1.85$1.95$1.68
EPS, diluted$1.54$1.79$1.85$1.95$1.68
Weighted shares, basic1.87B1.94B2.01B2.14B2.25B
Weighted shares, diluted1.87B1.94B2.01B2.14B2.25B
Margins and growth
Operating margin32.1%36.1%37.9%40.6%44.7%
Net margin20.5%23.9%25.3%28.0%30.2%
Revenue growth, year over year−3.1%−0.8%−1.3%+18.6%+18.3%
Net income growth, year over year−16.7%−6.6%−10.8%+10.2%+36.7%

Balance sheet

Each column is one fiscal year, newest first.

Balance sheet of CSX Corp, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing10-K10-K10-K10-K10-K
ReportedJan 22, 2026Jan 23, 2025Jan 24, 2024Jan 25, 2023Jan 20, 2022
Cash and equivalents–––$1.96B$2.24B
Short-term investments$5.00M$72.0M$83.0M$129.0M$77.0M
Accounts receivable$1.30B$1.33B$1.39B$1.31B$1.15B
Total current assets$2.55B$2.82B$3.38B$3.85B$3.87B
Property, plant and equipment$36.8B$35.7B$34.9B$34.2B$33.0B
Goodwill$80.0M$239.0M$325.0M$319.0M$276.0M
Intangible assets$187.0M$194.0M$181.0M$183.0M$175.0M
Total assets$43.7B$42.8B$42.4B$41.9B$40.5B
Accounts payable$1.15B$1.29B$1.24B$1.13B$963.0M
Total current liabilities$3.13B$3.28B$3.22B$2.47B$2.23B
Total liabilities$30.5B$30.3B$30.3B$29.3B$27.0B
Shareholders' equity$13.2B$12.5B$12.1B$12.6B$13.5B

Cash flow statement

Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.

Cash flow statement of CSX Corp, annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing10-K10-K10-K10-K10-K
ReportedJan 22, 2026Jan 23, 2025Jan 24, 2024Jan 25, 2023Jan 20, 2022
Operating cash flow$4.61B$5.25B$5.55B$5.62B$5.10B
Capital expenditures$2.90B$2.53B$2.28B$2.13B$1.79B
Free cash flow$1.71B$2.72B$3.27B$3.49B$3.31B
Depreciation and amortization$1.68B$1.66B$1.61B$1.50B–
Stock-based compensation$54.0M$40.0M$60.0M$74.0M$107.0M
Dividends paid$972.0M$930.0M$882.0M$852.0M$839.0M
Share buybacks$1.40B$2.24B$3.48B$4.73B$2.89B
Investing cash flow-$2.85B-$2.60B-$2.29B-$2.13B-$1.88B
Financing cash flow-$2.02B-$3.06B-$3.87B-$3.77B-$4.11B
Net change in cash-$263.0M-$420.0M-$605.0M-$281.0M-$890.0M
Ratio
Stock-based compensation, % of revenue0.4%0.3%0.4%0.5%0.9%

Shares outstanding

Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.

Shares outstanding for CSX Corp by cover date
Cover dateShares outstandingChange in a yearFiling
Sep 30, 20261.84B−1.0%SEC
Jun 30, 20261.85B−0.6%SEC
Mar 31, 20261.86B−1.1%SEC
Jan 31, 20261.86B−1.9%SEC
Sep 30, 20251.86B−3.4%SEC
Jun 30, 20251.86B−3.8%SEC
Mar 31, 20251.88B−3.9%SEC
Jan 31, 20251.89B−3.3%SEC

Notes and known gaps

How these numbers are put together, and what they can't tell you.

  • Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
  • Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.

Known gaps

  • Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
  • EPS and share counts are as reported at the time, not adjusted for later stock splits. Stock splits since Dec 31, 2020, from 13F share counts: 3-for-1 in Q2 2021.
  • For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
  • For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
  • Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
  • Depreciation and amortization is missing for some companies that report it under their own XBRL tags.