CSX FY 2025 Earnings Report — CSX Corporation Revenue & Financial Results | Market Cap Arena

CSX CorporationCSX

FY 2025 Earnings

Reported February 12, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$14.1B	—	$14.5B	—	-3.1%
Op. Income	$4.5B	—	$5.4B	—	-15.7%
Gross Margin	33.2%	—	37.9%	—	-4.6pp
Net Margin	20.5%	—	23.9%	—	-3.4pp
EPS (Diluted)	$1.54	—	$1.79	—	-14.0%
Free Cash Flow	$1.7B	—	$2.7B	—	-37.0%

Revenue Flow

Item	Amount
REVENUE	$14.1B
Cost of Revenue	$9.4B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$164M
Operating Expenses	$164M
Cost & Expenses	$9.6B
OPERATING INCOME	$4.5B
Interest Income	$0
Interest Expense	$844M
Other Income/Expenses	-$752M
INCOME BEFORE TAX	$3.8B
Income Tax Expense	$880M
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$1.3B
EBIT	$4.6B
EBITDA	$5.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$14.1B
Cost of Revenue	$9.4B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$164M
Operating Expenses	$164M
Cost & Expenses	$9.6B
OPERATING INCOME	$4.5B
Interest Income	$0
Interest Expense	$844M
Other Income/Expenses	-$752M
INCOME BEFORE TAX	$3.8B
Income Tax Expense	$880M
Net Income from Continuing Ops	$2.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$1.3B
EBIT	$4.6B
EBITDA	$5.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.9B
Depreciation & Amortization	$1.7B
Stock-Based Compensation	$0
Deferred Income Tax	$194M
Other Non-Cash Items	$94M
Change in Working Capital	-$244M
OPERATING CASH FLOW	$4.6B
Capital Expenditure	-$2.9B
Acquisitions (Net)	-$16M
Purchases of Investments	$0
Sales/Maturities of Investments	$80M
Other Investing Activities	-$2.9B
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	$287M
Common Stock Repurchased	-$1.4B
Common Dividends Paid	-$972M
Other Financing Activities	$56M
NET CASH FROM FINANCING	-$2.0B
FREE CASH FLOW	$1.7B
Net Change in Cash	-$263M

Balance Sheet

Item	Amount
Cash & Equivalents	$670M
Short-Term Investments	$5M
Net Receivables	$1.3B
Inventory	$390M
Other Current Assets	$187M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$37.3B
Goodwill	$80M
Intangible Assets	$187M
Long-Term Investments	$2.6B
Tax Assets	$0
Other Non-Current Assets	$956M
TOTAL NON-CURRENT ASSETS	$41.1B
TOTAL ASSETS	$43.7B
Account Payables	$1.1B
Short-Term Debt	$708M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$18.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7.9B
Other Non-Current Liabilities	$831M
TOTAL NON-CURRENT LIABILITIES	$27.4B
TOTAL LIABILITIES	$30.5B
Common Stock	$1.9B
Additional Paid-In Capital	$948M
Retained Earnings	$10.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$213M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.2B
Minority Interest	$5M
TOTAL EQUITY	$13.2B
TOTAL LIABILITIES & EQUITY	$43.7B
Total Debt	$19.4B
Net Debt	$18.7B