C

CSX CORPORATION

CSX · CIK 0000277948

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$14.09B3.1%
FY2025
Net income (FY)
$2.89B16.7%
FY2025
Free cash flow (FY)
$1.71B37.0%
FY2025
Diluted EPS (FY)
$1.5414.0%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10B$15BFY2007 · Revenue $10.03B · Net income $1.34B · 0000277948-10-000013 · filed 2010-02-19FY07Revenue $10.03BNet income $1.34B0000277948-10-000013 · filed 2010-02-19FY2008 · Revenue $11.26B · Net income $1.35B · 0001140361-11-010655 · filed 2011-02-18FY08Revenue $11.26BNet income $1.35B0001140361-11-010655 · filed 2011-02-18FY2009 · Revenue $9.04B · Net income $1.14B · 0001140361-11-010655 · filed 2011-02-18 · 0000277948-12-000014 · filed 2012-02-21FY09Revenue $9.04BNet income $1.14B0001140361-11-010655 · filed 2011-02-18 · 0000277948-12-000014 · filed 2012-02-21FY2010 · Revenue $10.64B · Net income $1.56B · 0001140361-11-010655 · filed 2011-02-18 · 0000277948-13-000008 · filed 2013-02-19FY10Revenue $10.64BNet income $1.56B0001140361-11-010655 · filed 2011-02-18 · 0000277948-13-000008 · filed 2013-02-19FY2011 · Revenue $11.79B · Net income $1.85B · 0000277948-14-000011 · filed 2014-02-12FY11Revenue $11.79BNet income $1.85B0000277948-14-000011 · filed 2014-02-12FY2012 · Revenue $11.76B · Net income $1.86B · 0000277948-15-000010 · filed 2015-02-11FY12Revenue $11.76BNet income $1.86B0000277948-15-000010 · filed 2015-02-11FY2013 · Revenue $12.03B · Net income $1.86B · 0000277948-16-000046 · filed 2016-02-10FY13Revenue $12.03BNet income $1.86B0000277948-16-000046 · filed 2016-02-10FY2014 · Revenue $12.67B · Net income $1.93B · 0000277948-17-000009 · filed 2017-02-14FY14Revenue $12.67BNet income $1.93B0000277948-17-000009 · filed 2017-02-14FY2015 · Revenue $11.81B · Net income $1.97B · 0000277948-18-000009 · filed 2018-02-07FY15Revenue $11.81BNet income $1.97B0000277948-18-000009 · filed 2018-02-07FY2016 · Revenue $11.07B · Net income $1.71B · 0000277948-19-000011 · filed 2019-02-06FY16Revenue $11.07BNet income $1.71B0000277948-19-000011 · filed 2019-02-06FY2017 · Revenue $11.41B · Net income $5.47B · 0000277948-20-000008 · filed 2020-02-12FY17Revenue $11.41BNet income $5.47B0000277948-20-000008 · filed 2020-02-12FY2018 · Revenue $12.25B · Net income $3.31B · 0000277948-21-000014 · filed 2021-02-10FY18Revenue $12.25BNet income $3.31B0000277948-21-000014 · filed 2021-02-10FY2019 · Revenue $11.94B · Net income $3.33B · 0000277948-22-000009 · filed 2022-02-16FY19Revenue $11.94BNet income $3.33B0000277948-22-000009 · filed 2022-02-16FY2020 · Revenue $10.58B · Net income $2.77B · 0000277948-23-000006 · filed 2023-02-15FY20Revenue $10.58BNet income $2.77B0000277948-23-000006 · filed 2023-02-15FY2021 · Revenue $12.52B · Net income $3.78B · 0000277948-24-000010 · filed 2024-02-14FY21Revenue $12.52BNet income $3.78B0000277948-24-000010 · filed 2024-02-14FY2022 · Revenue $14.85B · Net income $4.11B · 0000277948-25-000008 · filed 2025-02-27FY22Revenue $14.85BNet income $4.11B0000277948-25-000008 · filed 2025-02-27FY2023 · Revenue $14.66B · Net income $3.67B · 0000277948-26-000006 · filed 2026-02-12FY23Revenue $14.66BNet income $3.67B0000277948-26-000006 · filed 2026-02-12FY2024 · Revenue $14.54B · Net income $3.47B · 0000277948-26-000006 · filed 2026-02-12FY24Revenue $14.54BNet income $3.47B0000277948-26-000006 · filed 2026-02-12FY2025 · Revenue $14.09B · Net income $2.89B · 0000277948-26-000006 · filed 2026-02-12FY25Revenue $14.09BNet income $2.89B0000277948-26-000006 · filed 2026-02-12FY25Revenue $14.09BNet income $2.89B0000277948-26-000006 · filed 2026-02-12FY07FY10FY13FY16FY19FY22FY25

revenue 1.4× since FY2007 · net margin 13.3% → 20.5%

MarginsNet marginFCF margin
0%20%40%FY2007 · Net margin 13.3% · FCF margin 39.5%FY07Net margin 13.3%FCF margin 39.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 12.0% · FCF margin 10.4%FY08Net margin 12.0%FCF margin 10.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 12.6% · FCF margin 6.8%FY09Net margin 12.6%FCF margin 6.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 14.7% · FCF margin 13.4%FY10Net margin 14.7%FCF margin 13.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 15.7% · FCF margin 10.1%FY11Net margin 15.7%FCF margin 10.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 15.8% · FCF margin 5.1%FY12Net margin 15.8%FCF margin 5.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 15.5% · FCF margin 7.9%FY13Net margin 15.5%FCF margin 7.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 15.2% · FCF margin 7.1%FY14Net margin 15.2%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 16.7% · FCF margin 6.8%FY15Net margin 16.7%FCF margin 6.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 15.5% · FCF margin 5.8%FY16Net margin 15.5%FCF margin 5.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 48.0% · FCF margin 12.6%FY17Net margin 48.0%FCF margin 12.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 27.0% · FCF margin 23.6%FY18Net margin 27.0%FCF margin 23.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 27.9% · FCF margin 26.7%FY19Net margin 27.9%FCF margin 26.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 26.1% · FCF margin 24.9%FY20Net margin 26.1%FCF margin 24.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 30.2% · FCF margin 26.4%FY21Net margin 30.2%FCF margin 26.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 27.7% · FCF margin 23.0%FY22Net margin 27.7%FCF margin 23.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 25.0% · FCF margin 22.2%FY23Net margin 25.0%FCF margin 22.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 23.9% · FCF margin 18.7%FY24Net margin 23.9%FCF margin 18.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 20.5% · FCF margin 12.1%FY25Net margin 20.5%FCF margin 12.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 20.5%FCF margin 12.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 20.5% · free cash flow 12.1% of revenue

Cash engineOperating cash flowFree cash flow
$0$2B$4BFY2007 · OCF $2.18B · FCF $3.96B · 0000277948-10-000013 · filed 2010-02-19FY07OCF $2.18BFCF $3.96B0000277948-10-000013 · filed 2010-02-19FY2008 · OCF $2.89B · FCF $1.17B · 0001140361-11-010655 · filed 2011-02-18FY08OCF $2.89BFCF $1.17B0001140361-11-010655 · filed 2011-02-18FY2009 · OCF $2.04B · FCF $613.0M · 0000277948-12-000014 · filed 2012-02-21FY09OCF $2.04BFCF $613.0M0000277948-12-000014 · filed 2012-02-21FY2010 · OCF $3.26B · FCF $1.42B · 0000277948-13-000008 · filed 2013-02-19FY10OCF $3.26BFCF $1.42B0000277948-13-000008 · filed 2013-02-19FY2011 · OCF $3.49B · FCF $1.19B · 0000277948-14-000011 · filed 2014-02-12FY11OCF $3.49BFCF $1.19B0000277948-14-000011 · filed 2014-02-12FY2012 · OCF $2.95B · FCF $605.0M · 0000277948-15-000010 · filed 2015-02-11FY12OCF $2.95BFCF $605.0M0000277948-15-000010 · filed 2015-02-11FY2013 · OCF $3.27B · FCF $954.0M · 0000277948-16-000046 · filed 2016-02-10FY13OCF $3.27BFCF $954.0M0000277948-16-000046 · filed 2016-02-10FY2014 · OCF $3.34B · FCF $894.0M · 0000277948-17-000009 · filed 2017-02-14FY14OCF $3.34BFCF $894.0M0000277948-17-000009 · filed 2017-02-14FY2015 · OCF $3.37B · FCF $808.0M · 0000277948-18-000009 · filed 2018-02-07FY15OCF $3.37BFCF $808.0M0000277948-18-000009 · filed 2018-02-07FY2016 · OCF $3.04B · FCF $643.0M · 0000277948-19-000011 · filed 2019-02-06FY16OCF $3.04BFCF $643.0M0000277948-19-000011 · filed 2019-02-06FY2017 · OCF $3.47B · FCF $1.43B · 0000277948-20-000008 · filed 2020-02-12FY17OCF $3.47BFCF $1.43B0000277948-20-000008 · filed 2020-02-12FY2018 · OCF $4.64B · FCF $2.90B · 0000277948-21-000014 · filed 2021-02-10FY18OCF $4.64BFCF $2.90B0000277948-21-000014 · filed 2021-02-10FY2019 · OCF $4.85B · FCF $3.19B · 0000277948-22-000009 · filed 2022-02-16FY19OCF $4.85BFCF $3.19B0000277948-22-000009 · filed 2022-02-16FY2020 · OCF $4.26B · FCF $2.64B · 0000277948-23-000006 · filed 2023-02-15FY20OCF $4.26BFCF $2.64B0000277948-23-000006 · filed 2023-02-15FY2021 · OCF $5.10B · FCF $3.31B · 0000277948-24-000010 · filed 2024-02-14FY21OCF $5.10BFCF $3.31B0000277948-24-000010 · filed 2024-02-14FY2022 · OCF $5.53B · FCF $3.41B · 0000277948-25-000008 · filed 2025-02-27FY22OCF $5.53BFCF $3.41B0000277948-25-000008 · filed 2025-02-27FY2023 · OCF $5.51B · FCF $3.26B · 0000277948-26-000006 · filed 2026-02-12FY23OCF $5.51BFCF $3.26B0000277948-26-000006 · filed 2026-02-12FY2024 · OCF $5.25B · FCF $2.72B · 0000277948-26-000006 · filed 2026-02-12FY24OCF $5.25BFCF $2.72B0000277948-26-000006 · filed 2026-02-12FY2025 · OCF $4.61B · FCF $1.71B · 0000277948-26-000006 · filed 2026-02-12FY25OCF $4.61BFCF $1.71B0000277948-26-000006 · filed 2026-02-12FY25OCF $4.61BFCF $1.71B0000277948-26-000006 · filed 2026-02-12’09’13’17’21’25

FY2025: $4.61B operating cash − $2.90B capex = $1.71B free cash flow

Returns on capitalReturn on equityReturn on assets
0%20%40%FY2008 · ROE 16.8% · ROA 5.2%FY08ROE 16.8%ROA 5.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE 13.0% · ROA 4.3%FY09ROE 13.0%ROA 4.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 18.0% · ROA 5.6%FY10ROE 18.0%ROA 5.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 21.9% · ROA 6.3%FY11ROE 21.9%ROA 6.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 20.4% · ROA 6.1%FY12ROE 20.4%ROA 6.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 17.7% · ROA 5.9%FY13ROE 17.7%ROA 5.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 17.2% · ROA 5.8%FY14ROE 17.2%ROA 5.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 16.9% · ROA 5.7%FY15ROE 16.9%ROA 5.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 14.7% · ROA 4.8%FY16ROE 14.7%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 37.2% · ROA 15.3%FY17ROE 37.2%ROA 15.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 26.3% · ROA 9.0%FY18ROE 26.3%ROA 9.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 28.1% · ROA 8.7%FY19ROE 28.1%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 21.1% · ROA 6.9%FY20ROE 21.1%ROA 6.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 28.0% · ROA 9.3%FY21ROE 28.0%ROA 9.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 32.6% · ROA 9.8%FY22ROE 32.6%ROA 9.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 30.6% · ROA 8.7%FY23ROE 30.6%ROA 8.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 27.7% · ROA 8.1%FY24ROE 27.7%ROA 8.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 22.0% · ROA 6.6%FY25ROE 22.0%ROA 6.6%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 22.0%ROA 6.6%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 17% (FY2008) → 22% (FY2025) · on assets 6.6%

Balance sheetLiabilitiesEquity
$0$20B$40BFY2008 · Liabilities $18.22B · Equity $8.07BFY08Liabilities $18.22BEquity $8.07B0000277948-10-000013 · filed 2010-02-19FY2009 · Liabilities $18.12B · Equity $8.77BFY09Liabilities $18.12BEquity $8.77B0001140361-11-010655 · filed 2011-02-18FY2010 · Liabilities $19.44B · Equity $8.70BFY10Liabilities $19.44BEquity $8.70B0000277948-12-000014 · filed 2012-02-21FY2011 · Liabilities $20.88B · Equity $8.47BFY11Liabilities $20.88BEquity $8.47B0000277948-13-000008 · filed 2013-02-19FY2012 · Liabilities $21.59B · Equity $9.14BFY12Liabilities $21.59BEquity $9.14B0000277948-14-000011 · filed 2014-02-12FY2013 · Liabilities $21.28B · Equity $10.50BFY13Liabilities $21.28BEquity $10.50B0000277948-15-000010 · filed 2015-02-11FY2014 · Liabilities $21.88B · Equity $11.18BFY14Liabilities $21.88BEquity $11.18B0000277948-16-000046 · filed 2016-02-10FY2015 · Liabilities $23.08B · Equity $11.67BFY15Liabilities $23.08BEquity $11.67B0000277948-17-000009 · filed 2017-02-14FY2016 · Liabilities $23.72B · Equity $11.69BFY16Liabilities $23.72BEquity $11.69B0000277948-18-000009 · filed 2018-02-07FY2017 · Liabilities $21.02B · Equity $14.72BFY17Liabilities $21.02BEquity $14.72B0000277948-19-000011 · filed 2019-02-06FY2018 · Liabilities $24.15B · Equity $12.58BFY18Liabilities $24.15BEquity $12.58B0000277948-20-000008 · filed 2020-02-12FY2019 · Liabilities $26.39B · Equity $11.86BFY19Liabilities $26.39BEquity $11.86B0000277948-21-000014 · filed 2021-02-10FY2020 · Liabilities $26.68B · Equity $13.11BFY20Liabilities $26.68BEquity $13.11B0000277948-22-000009 · filed 2022-02-16FY2021 · Liabilities $27.03B · Equity $13.50BFY21Liabilities $27.03BEquity $13.50B0000277948-23-000006 · filed 2023-02-15FY2022 · Liabilities $29.29B · Equity $12.63BFY22Liabilities $29.29BEquity $12.63B0000277948-24-000010 · filed 2024-02-14FY2023 · Liabilities $30.23B · Equity $11.98BFY23Liabilities $30.23BEquity $11.98B0000277948-25-000008 · filed 2025-02-27FY2024 · Liabilities $30.26B · Equity $12.51BFY24Liabilities $30.26BEquity $12.51B0000277948-26-000006 · filed 2026-02-12FY2025 · Liabilities $30.52B · Equity $13.16BFY25Liabilities $30.52BEquity $13.16B0000277948-26-000006 · filed 2026-02-12FY25Liabilities $30.52BEquity $13.16B0000277948-26-000006 · filed 2026-02-12’09’13’17’21’25

FY2025: $43.68B assets · $30.52B liabilities · $13.16B equity

The receipts