CSX

MKT CAP:$85B

CSX Corporation

Market Cap

$85B

Industrials·Railroads·🇺🇸 United States·NASDAQ

Industrials·Railroads·🇺🇸·NASDAQ

Stock Price

$45.73+$9.45 (+26.07%)

Apr 24, 2026

Company Details

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such...

CEO

Stephen F. Angel

IPO Date

Nov 3, 1980

Website

www.csx.com

Key Metrics TTM

Revenue

$14.2B

-0.9% YoY

Net Income

$3.0B

EPS (Diluted)

$1.63

Free Cash Flow

$4.1B

Revenue / Share

$7.60

Gross Margin

37.5%

Operating Margin

33.4%

Net Margin

21.6%

FCF Margin

29.2%

P/S

6.0x

P/E

27.9x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$3.5B+1.7%EPS $0.43

FY 2025

Feb 12, 2026

$14.1B-3.1%EPS $1.54

Q4 2025

Feb 12, 2026

$3.5B-0.9%EPS $0.39

Q3 2025

Oct 16, 2025

$3.6B-0.9%EPS $0.37

Q2 2025

Jul 23, 2025

$3.6B-3.4%EPS $0.44

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$3.4B	$1.3B	$1.3B
Q1 22	$3.4B	$1.3B	$1.3B
Q2 22	$3.8B	$1.6B	$1.6B
Q3 22	$3.9B	$1.5B	$1.5B
Q4 22	$3.7B	$1.4B	$1.4B
Q1 23	$3.7B	$1.4B	$1.4B
Q2 23	$3.7B	$1.4B	$1.4B
Q4 23	$3.7B	$1.3B	$1.3B
Q2 24	$3.7B	$1.4B	$1.4B
Q3 24	$3.6B	$1.4B	$1.4B
Q4 24	$3.5B	$1.2B	$1.2B
Q1 25	$3.4B	$1.0B	$1.0B
Q2 25	$3.6B	$1.3B	$1.3B
Q3 25	$3.6B	$1.3B	$1.1B
Q4 25	$3.5B	$1.1B	$1.1B
Q1 26	$3.5B	$1.7B	$1.3B

Valuation

Quarter	P/S	P/E
Q4 21	6.5x	21.5x
Q1 22	6.3x	20.9x
Q2 22	4.5x	16.1x
Q3 22	3.9x	13.9x
Q4 22	4.4x	15.8x
Q1 23	4.0x	14.0x
Q2 23	4.6x	16.7x
Q4 23	4.6x	17.5x
Q2 24	4.4x	17.0x
Q3 24	4.5x	17.6x
Q4 24	4.2x	17.6x
Q1 25	3.8x	17.0x
Q2 25	4.3x	19.6x
Q3 25	4.7x	23.0x
Q4 25	4.9x	23.7x
Q1 26	5.2x	24.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$1.3B	$709M
Q1 22	$1.3B	$968M
Q2 22	$1.2B	$751M
Q3 22	$1.7B	$1.1B
Q4 22	$1.4B	$668M
Q1 23	$1.3B	$808M
Q2 23	$1.2B	$668M
Q4 23	$1.5B	$803M
Q2 24	$1.1B	$547M
Q3 24	$1.7B	$1.1B
Q4 24	$1.4B	$550M
Q1 25	$1.3B	$536M
Q2 25	$635M	-$141M
Q3 25	$1.3B	$2.8B
Q4 25	$1.4B	$709M
Q1 26	$1.3B	$729M

Capital Expenditures

Quarter	CapEx
Q4 21	$571M
Q1 22	$331M
Q2 22	$480M
Q3 22	$626M
Q4 22	$696M
Q1 23	$443M
Q2 23	$554M
Q4 23	$686M
Q2 24	$542M
Q3 24	$625M
Q4 24	$838M
Q1 25	$719M
Q2 25	$776M
Q3 25	$1.5B
Q4 25	$677M
Q1 26	$543M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+21.3%	+27.3%
Q1 22	+21.3%	+25.8%
Q2 22	+27.6%	+34.5%
Q3 22	+18.3%	+23.7%
Q4 22	+8.8%	+11.8%
Q1 23	+8.6%	+4.6%
Q2 23	-3.0%	+0.7%
Q4 23	-5.5%	+0.1%
Q2 24	-0.8%	-2.5%
Q3 24	-2.3%	+0.2%
Q4 24	-4.3%	+3.1%
Q1 25	-7.0%	+0.4%
Q2 25	-3.4%	+1.0%
Q3 25	-0.9%	+10.5%
Q4 25	-0.9%	+3.0%
Q1 26	+1.7%	-6.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$0	0.0%
Q1 22	$36M	1.1%
Q2 22	$0	0.0%
Q3 22	$8M	0.2%
Q4 22	$17M	0.5%
Q1 23	$13M	0.4%
Q2 23	$17M	0.5%
Q4 23	$15M	0.4%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

Revenue Segments

Quarter	Coal Services	Intermodal	Total Merchandise	Trucking
Q2 24	$563M	$506M	$2.3B	$221M
Q3 24	$553M	$509M	$2.2B	$214M
Q1 25	$461M	$493M	$2.2B	$202M
Q2 25	$477M	$491M	$2.3B	$211M
Q3 25	$490M	$527M	$2.2B	$207M
Q4 25	$472M	$589M	$2.2B	$196M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$724M	$88M	$812M
Q3 22	$2.3B	$88M	$2.4B
Q4 22	$2.0B	$129M	$2.1B
Q1 23	$1.3B	$178M	$1.5B
Q2 23	$956M	$78M	$1.0B
Q3 23	$1.4B	$79M	$1.4B
Q4 23	$1.4B	$83M	$1.4B
Q1 24	$1.5B	$2M	$1.5B
Q2 24	$1.2B	$4M	$1.2B
Q3 24	$1.6B	$12M	$1.7B
Q4 24	$933M	$72M	$1.0B
Q1 25	$1.1B	$8M	$1.1B
Q2 25	$387M	$6M	$393M
Q3 25	$612M	$6M	$618M
Q4 25	$670M	$5M	$675M
Q1 26	$964M	$145M	$1.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	2.22B	-1.1%	-3.5%
Q1 22	2.19B	-1.1%	-4.1%
Q2 22	2.16B	-1.4%	-4.9%
Q3 22	2.13B	-1.7%	-5.2%
Q4 22	2.08B	-2.3%	-6.3%
Q1 23	2.06B	-0.9%	-6.2%
Q2 23	2.02B	-1.6%	-6.4%
Q4 23	1.97B	-2.8%	-7.4%
Q2 24	1.95B	-1.1%	-6.2%
Q3 24	1.94B	-0.4%	-5.7%
Q4 24	1.92B	-1.0%	-5.1%
Q1 25	1.89B	-1.5%	-3.9%
Q2 25	1.87B	-1.2%	-4.1%
Q3 25	1.87B	-0.1%	-3.8%
Q4 25	1.86B	-0.2%	-3.0%
Q1 26	1.86B	-0.1%	-1.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$164.0K	21K
Q1 22	$163.3K	21K
Q2 22	$182.5K	21K
Q3 22	$186.4K	21K
Q4 22	$165.8K	23K
Q1 23	$164.7K	23K
Q2 23	$164.4K	23K
Q4 23	$160.0K	23K
Q2 24	$160.9K	23K
Q3 24	$157.3K	23K
Q4 24	$150.6K	24K
Q1 25	$145.7K	24K
Q2 25	$152.1K	24K
Q3 25	$152.6K	24K
Q4 25	$152.5K	23K
Q1 26	$151.4K	23K

Revenue / Employee