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CSX · Nasdaq · United States · Railroads, Line-Haul Operating
In shortCSX CORP is profitable, generates cash and carries moderate debt, with revenue shrinking (−3.1% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 32.1% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 20.5% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 22.5% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 10.8% | 72/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.81× | 1/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.43× | 31/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 2.93× | 30/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 5.36× | 37/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.85 | 19/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 12.1% | 69/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.59× | 37/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 11.1% | 70/100 |
| Operating margin volatility | 4.7% | 66/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -1.7% | 7/100 |
|---|---|---|
| EPS growth, 3-year average | -7.1% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 12,522 | 14,853 | 14,657 | 14,540 | 14,092 |
| Operating income | 5,594 | 5,954 | 5,499 | 5,245 | 4,521 |
| Interest expense | – | 742 | 809 | 832 | 844 |
| Pre-tax income | 4,951 | 5,345 | 4,829 | 4,555 | 3,769 |
| Income tax | 1,170 | 1,231 | 1,161 | 1,085 | 880 |
| Net income | 3,781 | 4,114 | 3,668 | 3,470 | 2,889 |
| Diluted EPS | $1.68 | $1.92 | $1.82 | $1.79 | $1.54 |
| Diluted shares (millions) | 2,255 | 2,141 | 2,013 | 1,943 | 1,873 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of CSX CORP are included in the Investor plan. Try free for 7 days →
1.85 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Sep 30, 2026 · Data updated Oct 21, 2026