CSX CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures adjusted for later stock splits (split ratios inferred from EPS restated in later SEC filings).
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 18,873 | 58.9 |
| Stockholders' equity | 13,160 | 41.1 |
| Total capitalization | 32,033 | 100.0 |
1,852,474,917 shares outstanding at 30 June 2026 (cover page of the 10-Q filed 22 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, noncurrent | 18,165 |
| Current maturities | 708 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 5,400,000,000 |
| Common shares issued | 1,860,000,000 |
| Par or stated value per share ($) | 1 |
| Outstanding at 6/30/26 | 1,852,474,917 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 0.52 | 33.8 |
| 2024 | 0.48 | 26.8 |
| 2023 | 0.44 | 24.2 |
| 2022 | 0.40 | 20.8 |
| 2021 | 0.37 | 22.0 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Virginia.
BUSINESS: Classified by the SEC under Standard Industrial Classification 4011, Railroads, Line-Haul Operating. Large accelerated filer. Principal executive office: 500 Water Street, 15Th Floor, Jacksonville, FL 32202. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 14,092 | 14,540 | 14,657 |
| Depreciation and amortization | 1,680 | 1,658 | 1,607 |
| Operating income | 4,521 | 5,245 | 5,499 |
| Interest expense | 844 | 832 | 809 |
| Income before income taxes | 3,769 | 4,555 | 4,829 |
| Income taxes | 880 | 1,085 | 1,161 |
| Net income | 2,889 | 3,470 | 3,668 |
| Earned per share, diluted ($) | 1.54 | 1.79 | 1.82 |
| Dividends per share ($) | 0.52 | 0.48 | 0.44 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Receivables, net | 1,298 | 1,326 |
| Total current assets | 2,550 | 2,820 |
| Property, plant and equipment, net | 36,811 | 35,658 |
| Goodwill | 80 | 239 |
| Total assets | 43,682 | 42,764 |
| Total current liabilities | 3,133 | 3,276 |
| Long-term debt | 18,165 | 17,897 |
| Total liabilities | 30,522 | 30,257 |
| Total liabilities and equity | 43,682 | 42,764 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 14,092 | 4,521 | 2,889 | 20.5 | 1.54 | 0.52 | 4,613 | 2,902 | 1,711 | 43,682 | 30,522 | 18,873 | 13,160 | 22.0 | 1.43 |
| 12/31/24 | 14,540 | 5,245 | 3,470 | 23.9 | 1.79 | 0.48 | 5,247 | 2,529 | 2,718 | 42,764 | 30,257 | 18,503 | 12,507 | 27.7 | 1.48 |
| 12/31/23 | 14,657 | 5,499 | 3,668 | 25.0 | 1.82 | 0.44 | 5,514 | 2,257 | 3,257 | 42,200 | 30,227 | 18,533 | 11,985 | 30.6 | 1.55 |
| 12/31/22 | 14,853 | 5,954 | 4,114 | 27.7 | 1.92 | 0.40 | 5,526 | 2,113 | 3,413 | 41,682 | 29,213 | 18,047 | 12,469 | 33.0 | 1.45 |
| 12/31/21 | 12,522 | 5,594 | 3,781 | 30.2 | 1.68 | 0.37 | 5,099 | 1,791 | 3,308 | 40,531 | 27,031 | 16,366 | 13,451 | 28.1 | 1.22 |
| 12/31/20 | 10,583 | 4,362 | 2,765 | 26.1 | 1.20 | 0.35 | 4,263 | 1,626 | 2,637 | 39,793 | 26,683 | 16,705 | 13,110 | 21.1 | 1.27 |
| 12/31/19 | 11,937 | 4,965 | 3,331 | 27.9 | 1.39 | 0.29 | 4,850 | 1,657 | 3,193 | 38,257 | 26,394 | 16,238 | 11,863 | 28.1 | 1.37 |
| 12/31/18 | 12,250 | 4,869 | 3,309 | 27.0 | 1.28 | 0.29 | 4,641 | 1,745 | 2,896 | 36,729 | 24,149 | 14,757 | 12,580 | 26.3 | 1.17 |
| 12/31/17 | 11,408 | 3,720 | 5,471 | 48.0 | 2.00 | 0.26 | 3,472 | 2,040 | 1,432 | 35,739 | 21,018 | 11,809 | 14,721 | 37.2 | 0.80 |
| 12/30/16 | 11,069 | 3,413 | 1,714 | 15.5 | 0.60 | 0.24 | 3,041 | 2,398 | 643 | 35,414 | 23,720 | 11,293 | 11,694 | 14.7 | 0.97 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
CSX CORP
CIK 277948 · EIN 62-1051971
PRINCIPAL OFFICE:
500 Water Street, 15Th Floor, Jacksonville, FL 32202
Tel.: 9043593200
INCORPORATED:
Virginia
INDUSTRY (SEC SIC CODE):
4011 · Railroads, Line-Haul Operating
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 12 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/12/26) · 10-K FY2024 (filed 2/27/25) · 10-K FY2023 (filed 2/14/24) · 10-K FY2022 (filed 2/15/23) · 10-K FY2021 (filed 2/16/22) · 10-K FY2020 (filed 2/10/21) · 10-K FY2019 (filed 2/12/20) · 10-K FY2018 (filed 2/6/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.