CSX Corporation
NASDAQ:CSX · NASDAQ Global Select
-$0.06 today
Vol 20.14M · Avg 12.77M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:CSX · Revenue to Net Income
Key Ratios
Analysis
$14.2B of revenue converted into $3.0B of net income for the selected period. Gross margin is 37.6% and net margin is 21.6%, showing how much revenue survives after costs and taxes. EPS is $1.63, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $14.1B -3.1% | $14.5B -0.8% | $14.7B -1.3% | $14.9B +18.6% | $12.5B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $9.4B +4.1% | $9.0B -0.2% | $9.1B -0.9% | $9.1B +26.3% | $7.2B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $4.7B -14.9% | $5.5B -1.7% | $5.6B -2.0% | $5.7B +8.1% | $5.3B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 33.2% -4.6pp | 37.9% -0.4pp | 38.2% -0.3pp | 38.5% -3.8pp | 42.2% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 +100.0% | -$50.0M -72.4% | -$29.0M +63.3% | -$79.0M -23.4% | -$64.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $164.0M +17.1% | $140.0M +2.9% | $136.0M +157.1% | -$238.0M -283.1% | $130.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $1.3B -24.3% | $1.7B +3.1% | $1.6B +8.9% | $1.5B +5.8% | $1.4B | $374.2M | $1.2B | $631.8M |
| EBITDA | $5.9B -17.1% | $7.1B -2.8% | $7.3B -4.2% | $7.6B +7.0% | $7.1B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 41.6% -7.0pp | 48.6% -1.0pp | 49.6% -1.5pp | 51.1% -5.6pp | 56.6% | 5.6% | 46.3% | 42.0% |
| Operating Income | $4.5B -15.7% | $5.4B -1.8% | $5.5B -8.2% | $6.0B +15.4% | $5.2B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 32.1% -4.8pp | 36.9% -0.4pp | 37.3% -2.8pp | 40.1% -1.1pp | 41.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 -100.0% | $85.0M +7.6% | $79.0M +88.1% | $42.0M +500.0% | $7.0M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $844.0M +1.4% | $832.0M +2.8% | $809.0M +9.0% | $742.0M +2.8% | $722.0M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$752.0M +7.3% | -$811.0M -27.1% | -$638.0M -4.8% | -$609.0M -192.8% | -$208.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $3.8B -17.3% | $4.6B -5.7% | $4.8B -9.7% | $5.3B +8.0% | $5.0B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 26.7% -4.6pp | 31.3% -1.6pp | 32.9% -3.0pp | 36.0% -3.6pp | 39.5% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $880.0M -18.9% | $1.1B -6.5% | $1.2B -5.7% | $1.2B +5.2% | $1.2B | $1.3B | -$1.6B | $745.2M |
| Net Income | $2.9B -16.7% | $3.5B -5.4% | $3.7B -10.8% | $4.1B +8.8% | $3.8B | $4.9B | $4.8B | $4.7B |
| Net Margin | 20.5% -3.4pp | 23.9% -1.2pp | 25.0% -2.7pp | 27.7% -2.5pp | 30.2% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 -14.0% | $2 -2.2% | $2 -6.2% | $2 +16.1% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 -14.0% | $2 -1.6% | $2 -6.7% | $2 +16.1% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $1.9B -3.7% | $1.9B -3.6% | $2.0B -6.0% | $2.1B -5.1% | $2.3B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $1.9B -4.1% | $1.9B -3.5% | $2.0B -6.0% | $2.1B -5.1% | $2.3B | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Quanta Services, Inc.
NYSE:PWR
$106.18B
Cummins Inc.
NYSE:CMI
$98.53B
FedEx Corporation
NYSE:FDX
$77.51B
Illinois Tool Works Inc.
NYSE:ITW
$76.11B
Canadian Pacific Kansas City Ltd.
NYSE:CP
$76.02B
Canadian National Railway Company
NYSE:CNI
$68.33B
United Rentals, Inc.
NYSE:URI
$67.81B
Norfolk Southern Corporation
NYSE:NSC
$67.27B
Republic Services, Inc.
NYSE:RSG
$62.73B
Thomson Reuters Corporation
NASDAQ:TRI
$34.21B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does CSX generate?
CSX Corporation (CSX) reported $14.09B of revenue in fiscal 2025.
Is CSX profitable?
CSX Corporation (CSX) reported $2.89B of net income, with a net margin of 20.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.