CSX Corporation (CSX) Financial Statements

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CSX financial statements at a glance

CSX reported revenue of $14.09 billion for fiscal year 2025 (ended December 31, 2025), down 3.1% from fiscal year 2024. Net income was $2.89 billion, a net margin of 20.5%, and diluted earnings per share were $1.54.

At the end of fiscal year 2025 it had total assets of $43.68 billion, total liabilities of $30.52 billion and shareholders' equity of $13.16 billion, with cash and short-term investments of $675.00 million and total debt of $19.35 billion.

Its operations brought in $4.61 billion of cash; capital spending was $2.90 billion, leaving free cash flow of $1.71 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

CSX logo

CSX Corporation

CSXUnited States
Manufacturing and Production
USD (Local)

Income Statement

Annual • USD

Total Revenue
14.09B
Prev Year: 14.54B
YoY: -3.1%
Other Special Charges
-
Operating Revenue
13.56B
Prev Year: 14.04B
YoY: -3.4%
Total Unusual Items
-164.00M
Prev Year: -97.00M
YoY: -69.1%
Normalized EBITDA
6.46B
Prev Year: 7.14B
YoY: -9.6%
Tax Rate for Calcs
0.233
Prev Year: 0.238
YoY: -2.1%
Tax Effect of Unusual Items
-38.21M
Prev Year: -23.09M
YoY: -65.5%
Rent Expense (supplemental)
357.00M
Prev Year: 355.00M
YoY: +0.6%
Diluted NI Available to Com Stockholders
2.89B
Prev Year: 3.47B
YoY: -16.7%
Other Income Expense
-150.00M
Prev Year: -90.00M
YoY: -66.7%
Other Non-operating Income (expense)
14.00M
Prev Year: 7.00M
YoY: +100.0%
Special Income Charges
-164.00M
Prev Year: -97.00M
YoY: -69.1%
Impairment of Capital Assets
164.00M
Prev Year: 108.00M
YoY: +51.9%
Gain on Sale of Property, Plant and Equipment
-
Prev Year: 11.00M
Salaries and Wages
-33.00M
Prev Year: -50.00M
YoY: +34.0%
Cost of Revenue
9.41B
Prev Year: 9.20B
YoY: +2.3%
Gross Profit
4.68B
Prev Year: 5.34B
YoY: -12.3%
Operating Expense
-33.00M
Prev Year: -50.00M
YoY: +34.0%
Selling General and Administrative
-33.00M
Prev Year: -50.00M
YoY: +34.0%
General and Administrative Expense
-33.00M
Prev Year: -50.00M
YoY: +34.0%
Operating Income
4.72B
Prev Year: 5.39B
YoY: -12.5%
Net Non Operating Interest Income Expense
-799.00M
Prev Year: -747.00M
YoY: -7.0%
Non-operating Interest Income
45.00M
Prev Year: 85.00M
YoY: -47.1%
Non-operating Interest Expense
844.00M
Prev Year: 832.00M
YoY: +1.4%
Pre-tax Income
3.77B
Prev Year: 4.55B
YoY: -17.3%
Provision for Income Taxes
880.00M
Prev Year: 1.08B
YoY: -18.9%
Net Income Common Stockholders
2.89B
Prev Year: 3.47B
YoY: -16.7%
Net Income
2.89B
Prev Year: 3.47B
YoY: -16.7%
Net Income Including Non-Controlling Interests
2.89B
Prev Year: 3.47B
YoY: -16.7%
Net Income from Continuing Operations
2.89B
Prev Year: 3.47B
YoY: -16.7%
Basic EPS
1.553
Prev Year: 1.826
YoY: -14.9%
Diluted EPS
1.54
Prev Year: 1.79
YoY: -14.0%
Weighted Average Shares (basic)
1.86B
Prev Year: 1.90B
YoY: -2.1%
Weighted Average Shares (diluted)
1.87B
Prev Year: 1.94B
YoY: -3.6%
Total Operating Income as Reported
4.52B
Prev Year: 5.25B
YoY: -13.8%
Total Expenses
9.37B
Prev Year: 9.15B
YoY: +2.5%
Net Income from Continuing and Discontinued Operation
2.89B
Prev Year: 3.47B
YoY: -16.7%
Normalized Income
3.01B
Prev Year: 3.54B
YoY: -14.9%
Interest Income
45.00M
Prev Year: 85.00M
YoY: -47.1%
Interest Expense
844.00M
Prev Year: 832.00M
YoY: +1.4%
Net Interest Income
-799.00M
Prev Year: -747.00M
YoY: -7.0%
EBIT
4.61B
Prev Year: 5.39B
YoY: -14.4%
EBITDA
6.29B
Prev Year: 7.04B
YoY: -10.7%
Reconciled Cost of Revenue
9.41B
Prev Year: 9.20B
YoY: +2.3%
Reconciled Depreciation
1.68B
Prev Year: 1.66B
YoY: +1.3%
Net Income from Continuing Operation Net Minority Interest
2.89B
Prev Year: 3.47B
YoY: -16.7%
Total Unusual Items Excluding Goodwill
-164.00M
Prev Year: -97.00M
YoY: -69.1%
Values in USD

CSX key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$14.1B$14.5B$14.7B$14.9B$12.5B
Gross profit$4.7B$5.3B$5.5B$5.7B$5.1B
Operating income$4.7B$5.4B$5.5B$5.8B$5.2B
Net income$2.9B$3.5B$3.7B$4.1B$3.8B
Diluted EPS$1.54$1.79$1.85$1.95$1.68
Total assets$43.7B$42.8B$42.2B$41.9B$40.5B
Total liabilities$30.5B$30.3B$30.2B$29.3B$27.0B
Shareholders' equity$13.2B$12.5B$12.0B$12.6B$13.5B
Cash and short-term investments$675.0M$1.0B$1.4B$2.1B$2.3B
Total debt$19.4B$19.0B$19.0B$18.5B$16.8B
Operating cash flow$4.6B$5.2B$5.5B$5.5B$5.1B
Capital spending$2.9B$2.5B$2.3B$2.1B$1.8B
Free cash flow$1.7B$2.7B$3.3B$3.4B$3.3B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.

Questions and answers

What was CSX's revenue in fiscal year 2025?

$14.09 billion, down 3.1% from $14.54 billion in fiscal year 2024.

How much profit does CSX make?

CSX reported net income of $2.89 billion for fiscal year 2025 (20.5% of revenue); operating income was $4.72 billion.

How much cash and debt does CSX have?

At the end of fiscal year 2025: cash and short-term investments of $675.00 million and total debt of $19.35 billion.

What is CSX's free cash flow?

$1.71 billion in fiscal year 2025 (operating cash flow of $4.61 billion minus capital spending of $2.90 billion).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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