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 Oct 24, 2026, 11:08 UTC 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
Sep '26	$4.0B	$1.1B	0.0%	39.1%	7.3%	2.3%	$1.0B	—	$1.2B
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

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 13.4× (Mar '23) to 32.4× (Nov '26).
The price-to-sales ratio has risen from 3.7× (Mar '23) to 6.6× (Nov '26).
The dividend yield has fallen from 1.5% (Mar '23) to 1.0% (Nov '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?

CSX Corporation's P/E (TTM) is 26.10 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CSX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 32.4× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.