CSX vs UNP
CSX Corp. and Union Pacific Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CSX | UNP |
|---|---|---|
| Revenue | $14.1B | $24.5B |
| Net income | $2.9B | $7.1B |
| Gross margin | · | · |
| Net margin | 20.5% | 29.1% |
| Return on equity | 22.5% | 40.4% |
| Diluted EPS | $1.54 | $11.98 |
| Dividend / share | $0.52 | $5.44 |
| Payout ratio | 33.6% | 45.3% |
| Free cash flow | $1.7B | $5.5B |
| Equity | · | $18.5B |
| Net debt / equity | 1.33× | 1.65× |
| Current ratio | 0.81× | 0.91× |
| Revenue CAGR 5y | 5.9% | 4.6% |
| Profit CAGR 5y | 0.9% | 5.9% |
UNP bills 1.7× the revenue of CSX, and keeps more of each dollar of revenue as profit (29.1% against 20.5%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CSX | UNP |
|---|---|---|
| FY2025 | $14.1B | $24.5B |
| FY2024 | $14.5B | $24.2B |
| FY2023 | $14.7B | $24.1B |
| FY2022 | $14.9B | $24.9B |
| FY2021 | $12.5B | $21.8B |
| FY2020 | $10.6B | $19.5B |
| FY2019 | $11.9B | $21.7B |
| FY2018 | $12.2B | $22.8B |
| FY2017 | $11.4B | $21.2B |
| FY2016 | $11.1B | $19.9B |
Bottom line
| Fiscal year | CSX | UNP |
|---|---|---|
| FY2025 | $2.9B | $7.1B |
| FY2024 | $3.5B | $6.7B |
| FY2023 | $3.7B | $6.4B |
| FY2022 | $4.1B | $7.0B |
| FY2021 | $3.8B | $6.5B |
| FY2020 | $2.8B | $5.3B |
| FY2019 | $3.3B | $5.9B |
| FY2018 | $3.3B | $6.0B |
| FY2017 | $5.5B | $10.7B |
| FY2016 | $1.7B | $4.2B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$10,418,000,000 | UNP |
| FY2024 | −$9,710,000,000 | UNP |
| FY2023 | −$9,462,000,000 | UNP |
| FY2022 | −$10,022,000,000 | UNP |
| FY2021 | −$9,282,000,000 | UNP |
| FY2020 | −$8,950,000,000 | UNP |
| FY2019 | −$9,771,000,000 | UNP |
| FY2018 | −$10,582,000,000 | UNP |
| FY2017 | −$9,832,000,000 | UNP |
| FY2016 | −$8,872,000,000 | UNP |
| FY2015 | −$10,002,000,000 | UNP |
| FY2014 | −$11,319,000,000 | UNP |
| FY2013 | −$9,937,000,000 | UNP |
| FY2012 | −$9,163,000,000 | UNP |
| FY2011 | −$7,762,000,000 | UNP |
| FY2010 | −$6,329,000,000 | UNP |
| FY2009 | −$5,102,000,000 | UNP |
| FY2008 | −$6,715,000,000 | UNP |
| FY2007 | −$6,253,000,000 | UNP |
UNP has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −8.6 pp | UNP |
| FY2024 | −4.0 pp | UNP |
| FY2023 | −1.4 pp | UNP |
| FY2022 | −0.4 pp | UNP |
| FY2021 | +0.3 pp | CSX |
| FY2020 | −1.3 pp | UNP |
| FY2019 | +0.6 pp | CSX |
| FY2018 | +0.9 pp | CSX |
| FY2017 | −2.5 pp | UNP |
| FY2016 | −5.7 pp | UNP |
| FY2015 | −5.2 pp | UNP |
| FY2014 | −6.4 pp | UNP |
| FY2013 | −4.5 pp | UNP |
| FY2012 | −3.0 pp | UNP |
| FY2011 | −1.1 pp | UNP |
| FY2010 | −1.7 pp | UNP |
| FY2009 | −0.7 pp | UNP |
| FY2008 | −1.0 pp | UNP |
| FY2007 | +1.9 pp | CSX |
The higher net margin has changed hands between CSX and UNP over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CSX's net margin has been more volatile than UNP's over the 19 comparable fiscal years — 8.6 percentage points of standard deviation against 8.5.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CSX and UNP over these 19 fiscal years — CSX led in 4 and UNP in 15.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
UNP's return on equity has been more volatile than CSX's over the 19 comparable fiscal years — 12.7 percentage points of standard deviation against 6.9.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CSX and UNP over these 19 fiscal years — CSX led in 6 and UNP in 13.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.