MARKETS / NASDAQ / CSX

NASDAQ · RAILROADS, LINE-HAUL OPERATING · LARGE CAP

CSX Corp. CSX

19 fiscal years on record · USD · FY2025 reported · SEC filings only

4 YEARS OF DIVIDEND GROWTH

Revenue

$14.1B

▼ 3.1% YoY

Net income

$2.9B

▼ 16.7% YoY

Free cash flow

$1.7B

▼ 37.0% YoY

In brief

What this company does

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services, including traditional rail service, the transport of intermodal containers and trailers, and other transportation services such as rail-to-truck transfers and bulk commodity operations. Its principal operating subsidiary, CSX Transportation, Inc., operates an approximately 20,000 route-mile rail network serving major population centers in 26 states east of the Mississippi River, the District of Columbia and the Canadian provinces of Ontario and Quebec. Its business is organized into four primary lines: merchandise, intermodal, coal and trucking, which together with other operations generated $14.1 billion of revenue in 2025. The merchandise business shipped 2.6 million carloads, or 41% of volume, and generated $8.8 billion in revenue in 2025 from shipments in markets such as chemicals, agricultural and food products, automotive, minerals, forest products, metals and equipment, and fertilizers. The intermodal business shipped 3.0 million units, or 48% of volume, and generated $2.1 billion in revenue in 2025, combining rail transportation with truck delivery. The coal business shipped 718 thousand carloads, or 11% of volume, and generated $1.9 billion in revenue in 2025, transporting domestic coal, coke and iron ore to power plants, steel manufacturers and industrial plants, as well as export coal to deep-water port facilities. The trucking business generated $816 million, or 6%, of revenue in 2025 through the operations of subsidiary Quality Carriers. CSX Corporation was incorporated in 1978 under Virginia law, and in 1980 completed the merger of the Chessie System and Seaboard Coast Line Industries into CSX.

Written from the business description in CSX CORPORATION's annual report to the U.S. Securities and Exchange Commission, filed 12 February 2026. Every sentence was checked against that document before publication.

Growth

USD 14.1B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 14.1 · Net income 2.9

Compound annual growth

Revenue

−1.7%

+5.9%

+1.8%

+1.9%

Net income

−11.1%

+0.9%

+3.9%

+4.2%

EPS, diluted

−7.1%

Dividend / share

+9.1%

Returned to shareholders

−25.0%

+7.5%

+4.6%

+13.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +5.9% a year over five years — but profit grew slower: net income at +0.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

21 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 32.1% · Net 20.5%

ROE

Not available in our data for this period.

Gross margin—

Operating margin32.1%

Net margin20.5%

Return on assets6.7%

EBITDAUSD 6.2B

Cash & shareholders

USD 2.3B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 1.7

Net buybacks $B Dividends $B

FY2025 · Dividends 1.0 · Net buybacks 1.4

Dividends paidUSD 972.0M

Net buybacksUSD 1.4B

Share of profit81.2%

Consecutive raises4 years (since the 2021 share-count change)

USD 972.0M in dividends and USD 1.4B in buybacks — 81% of the year's profit went back to shareholders.

Total assetsUSD 43.7B

CashUSD 670.0M

Gross debtUSD 18.2B

Net debtUSD 17.5B

Current ratio0.81×

Not available: we don't have the shareholders' equity figure for this period.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	14.1	14.5	14.7	14.9	12.5	10.6	11.9	12.2	11.4	11.1	11.8	12.7	12.0	11.8	11.8	10.6	9.0	11.3	10.0
Operating income $B	4.5	5.2	5.5	6.0	5.6	4.4	5.0	4.9	3.7	3.4	3.6	3.6	3.5	3.5	3.5	3.1	2.3	2.8	2.3
EBITDA $B	6.2	6.9	7.1	7.5	7.0	5.7	6.3	6.2	5.0	4.7	4.8	4.8	4.6	4.5	4.4	4.0	3.2	3.7	3.1
Income tax $B	0.9	1.1	1.2	1.2	1.2	0.9	1.0	1.0	−2.3	1.0	1.2	1.1	1.1	1.1	1.1	1.0	0.6	0.8	−0.7
Net income $B	2.9	3.5	3.7	4.1	3.8	2.8	3.3	3.3	5.5	1.7	2.0	1.9	1.9	1.9	1.9	1.6	1.1	1.4	1.3
Free cash flow $B	1.7	2.7	3.3	3.4	3.3	2.6	3.2	2.9	1.4	0.6	0.8	0.9	1.0	0.6	1.2	1.4	0.6	1.2	4.0
EPS, diluted $	1.54	1.79	1.82	1.92	1.68	1.20	1.39	3.84	5.99	1.81	2.00	1.92	1.83	1.79	1.70	1.35	0.96	3.32	2.99
Dividend / sh $	0.52	0.48	0.44	0.40	0.37	0.35	0.29	0.88	0.78	0.72	0.70	0.63	0.59	0.54	0.45	0.33	0.29	0.77	0.54
Payout %	34	27	24	21	22	29	23	23	13	40	35	33	32	30	26	24	30	23	17
ROE %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Shares out B	1.86	1.90	1.96	2.07	2.20	0.76	0.77	0.82	0.89	0.93	0.97	0.99	1.01	1.02	1.05	0.37	0.39	0.39	0.41

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityRailroads, Line-Haul Operating

Listed onNASDAQ

Incorporated inVirginia

Fiscal year endsDecember 31

Data on record since2007