CSX Financials CSX Corporation

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 56 d ago Overview →

Growth & profitability

Revenue has grown 5.9% per year over the past 5 years.
Net income has grown slower than revenue (0.9% vs 5.9% per year).
Operating margin has contracted, at 32.1% in the latest year.
Free cash flow has declined 8.3% per year over the past 5 years.

Financial health

Total debt has grown in line with revenue (6.4% vs 5.9% per year).
Operating income covered interest expense 5.4× in the latest year.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 33.6% of earnings and 56.8% of free cash flow.
The dividend has grown 4.0% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$14.1B	$2.9B	0.0%	32.1%	22.0%	6.6%	$1.7B	—	$670M
2024	$14.5B	$3.5B	0.0%	36.1%	27.7%	8.1%	$2.7B	—	$933M
2023	$14.7B	$3.7B	0.0%	37.5%	30.6%	8.7%	$3.3B	—	$1.4B
2022	$14.9B	$4.1B	0.0%	40.1%	33.0%	9.9%	$3.4B	—	$1.9B
2021	$12.5B	$3.8B	0.0%	44.7%	28.1%	9.3%	$3.3B	—	$2.2B
2020	$10.6B	$2.8B	0.0%	41.2%	21.1%	6.9%	$2.6B	—	$3.1B
2019	$11.9B	$3.3B	0.0%	41.6%	28.1%	8.7%	$3.2B	—	$958M
2018	$12.3B	$3.3B	0.0%	39.7%	26.3%	9.0%	$2.9B	—	$858M
2017	$11.4B	$5.5B	0.0%	32.6%	37.2%	15.3%	$1.4B	—	$401M
2016	$11.1B	$1.7B	0.0%	30.8%	14.7%	4.8%	$643M	—	—
2015	—	$2.0B	—	—	16.9%	5.7%	$808M	—	—
2014	—	$1.9B	—	—	17.2%	5.8%	$894M	—	—
2013	—	$1.9B	—	—	17.7%	5.9%	$954M	—	—
2012	—	$1.9B	—	—	20.4%	6.1%	$605M	$9.8B	—
2011	—	$1.9B	—	—	21.6%	6.3%	$1.2B	$9.2B	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$3.9B	$1.0B	0.0%	38.3%	7.1%	2.2%	$751M	—	$1.0B
Mar '26	$3.5B	$807M	0.0%	36.0%	5.9%	1.8%	$729M	—	$964M
Dec '25	$3.5B	$720M	0.0%	31.6%	5.5%	1.6%	$709M	—	$670M
Sep '25	$3.6B	$694M	0.0%	30.3%	5.4%	1.6%	$607M	—	$612M
Jun '25	$3.6B	$829M	0.0%	35.9%	6.7%	1.9%	-$141M	—	$387M
Mar '25	$3.4B	$646M	0.0%	30.4%	5.3%	1.5%	$536M	—	$1.1B
Dec '24	$3.5B	$733M	0.0%	31.3%	5.9%	1.7%	$550M	—	$933M
Sep '24	$3.6B	$894M	0.0%	37.4%	6.9%	2.1%	$1.1B	—	$1.6B
Jun '24	$3.7B	$963M	0.0%	39.1%	7.6%	2.3%	$558M	—	$1.2B
Mar '24	$3.7B	$880M	0.0%	36.3%	7.1%	2.1%	$549M	—	$1.5B
Dec '23	$3.7B	$882M	0.0%	35.7%	7.4%	2.1%	$803M	—	$1.4B
Sep '23	$3.6B	$828M	0.0%	35.6%	7.0%	2.0%	$978M	—	$1.4B
Jun '23	$3.7B	$984M	0.0%	39.6%	8.1%	2.4%	$668M	—	$956M
Mar '23	$3.7B	$987M	0.0%	39.5%	8.1%	2.4%	$808M	—	$1.3B
Dec '22	$3.7B	$1.0B	0.0%	39.1%	8.2%	2.4%	$668M	—	$1.9B
Sep '22	$3.9B	$1.1B	0.0%	40.5%	8.6%	2.6%	$1.1B	—	$2.3B
Jun '22	$3.8B	$1.2B	0.0%	44.6%	9.0%	2.9%	$751M	—	$724M
Mar '22	$3.4B	$859M	0.0%	37.6%	6.5%	2.1%	$968M	—	$1.9B
Dec '21	$3.4B	$934M	0.0%	39.9%	6.9%	2.3%	$709M	—	$2.2B
Sep '21	$3.3B	$968M	0.0%	43.6%	7.3%	2.4%	$954M	—	$2.2B

Valuation over time

How the market has priced CSX against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 13.5× (Mar '23) to 31.4× (Sep '26).
The price-to-sales ratio has risen from 3.7× (Mar '23) to 6.4× (Sep '26).
The dividend yield has fallen from 1.5% (Mar '23) to 1.1% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is CSX growing its revenue and profit?

Over the past 5 years, CSX Corporation's revenue has grown 5.9% per year, and net income grown 0.9% per year. These are computed facts, not advice.

How much debt does CSX have?

As of FY2025, CSX Corporation reported — of total debt against $670M of cash; operating income covered interest expense 5.4×.

What is CSX's profit margin?

In FY2025, gross margin was —, operating margin 32.1%, and net margin 20.5%.

What is CSX's P/E ratio?

As of Sep '26, CSX Corporation traded at a price-to-earnings ratio of about 31.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.