financial statements

The full income statement, balance sheet, and cash-flow statement for CSX Corporation (CSX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	14.1B YoY-3.1%	14.5B YoY-0.8%	14.7B YoY-1.3%	14.9B YoY+18.6%	12.5B YoY+18.3%
Amortization of intangibles	12.0M YoY+0.0%	12.0M YoY+20.0%	10.0M YoY+0.0%	10.0M YoY+100.0%	5.00M
Operating income	4.52B YoY-13.8%	5.25B YoY-4.6%	5.50B YoY-7.6%	5.95B YoY+6.4%	5.59B YoY+28.2%
Interest expense	844M YoY+1.4%	832M YoY+2.8%	809M YoY+9.0%	742M	—
Net interest income	—	—	-809M YoY-9.0%	-742M YoY-2.8%	-722M YoY+4.2%
Other non-operating income	14.0M YoY+100.0%	7.00M YoY-77.4%	31.0M YoY+158.3%	12.0M YoY+50.0%	8.00M YoY+0.0%
Pre-tax income	3.77B YoY-17.3%	4.55B YoY-5.7%	4.83B YoY-9.7%	5.34B YoY+8.0%	4.95B YoY+36.5%
Income tax	880M YoY-18.9%	1.08B YoY-6.5%	1.16B YoY-5.7%	1.23B YoY+5.2%	1.17B YoY+35.7%
Net income	2.89B YoY-16.7%	3.47B YoY-5.4%	3.67B YoY-10.8%	4.11B YoY+8.8%	3.78B YoY+36.7%
	$1.54 YoY-14.0%	$1.79 YoY-1.6%	$1.82 YoY-5.2%	$1.92 YoY+14.3%	$1.68 YoY+40.0%
EPS (basic)	$1.54 YoY-14.0%	$1.79 YoY-2.2%	$1.83 YoY-5.2%	$1.93 YoY+14.9%	$1.68 YoY+40.0%
Weighted-avg shares (basic)	1.87B YoY-3.6%	1.94B YoY-3.4%	2.01B YoY-6.0%	2.14B YoY-5.1%	2.25B YoY-2.2%
Weighted-avg shares (diluted)	1.87B YoY-3.6%	1.94B YoY-3.5%	2.01B YoY-6.0%	2.14B YoY-5.1%	2.25B YoY-2.2%
Dividends per share	$0.52 YoY+8.3%	$0.48 YoY+9.1%	$0.44	—	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.55B YoY-9.6%	2.82B YoY-16.0%	3.36B YoY-11.8%	3.81B YoY-1.7%	3.87B YoY-12.8%
Cash & equivalents	670M YoY-28.2%	933M YoY-31.0%	1.35B YoY-30.9%	1.96B YoY-12.6%	2.24B YoY-28.4%
Short-term investments	5.00M YoY-93.1%	72.0M YoY-13.3%	83.0M YoY-35.7%	129M YoY+67.5%	77.0M YoY+3750.0%
Accounts receivable	1.30B YoY-2.1%	1.33B YoY-4.8%	1.39B YoY+6.1%	1.31B YoY+14.4%	1.15B YoY+25.9%
Other current assets	187M YoY+149.3%	75.0M YoY-16.7%	90.0M YoY-1.1%	91.0M YoY+30.0%	70.0M YoY-27.1%
	43.7B YoY+2.1%	42.8B YoY+1.3%	42.2B YoY+1.2%	41.7B YoY+2.8%	40.5B YoY+1.9%
Property, plant & equipment	36.8B YoY+3.2%	35.7B YoY+2.7%	34.7B YoY+1.9%	34.1B YoY+3.2%	33.0B YoY+1.8%
Operating lease right-of-use	464M YoY-4.7%	487M YoY-2.2%	498M YoY-1.4%	505M YoY+0.8%	501M YoY+6.1%
Goodwill	80.0M YoY-66.5%	239M YoY-26.5%	325M YoY+1.9%	319M YoY+15.6%	276M YoY+338.1%
Intangible assets	187M YoY-3.6%	194M YoY+7.2%	181M YoY-1.1%	183M YoY+4.6%	175M
Other non-current assets	956M YoY+13.0%	846M YoY+15.7%	731M YoY+44.5%	506M YoY-14.5%	592M YoY+52.6%
	3.13B YoY-4.4%	3.28B YoY+1.6%	3.22B YoY+31.8%	2.45B YoY+9.5%	2.23B YoY+10.6%
Accounts payable	1.15B YoY+2.8%	1.12B YoY-9.6%	1.24B YoY+9.5%	1.13B YoY+17.3%	963M YoY+19.0%
Current lease liability	67.0M YoY-8.2%	73.0M YoY+7.4%	68.0M YoY-1.4%	69.0M YoY+7.8%	64.0M YoY+42.2%
Other current liabilities	272M YoY+11.9%	243M YoY+0.0%	243M YoY+6.6%	228M YoY+10.1%	207M YoY+26.2%
	30.5B YoY+0.9%	30.3B YoY+0.1%	30.2B YoY+3.5%	29.2B YoY+8.1%	27.0B YoY+1.3%
Long-term debt	9.83B YoY+0.0%	9.83B YoY+0.0%	9.83B YoY+0.0%	9.83B YoY+0.0%	9.83B YoY+0.0%
Deferred revenue (non-current)	189M YoY+0.0%	189M YoY+0.0%	189M YoY+0.0%	189M YoY+0.0%	189M YoY+0.0%
Non-current lease liability	479M YoY-1.4%	486M YoY-1.0%	491M YoY+0.6%	488M YoY+2.1%	478M YoY+5.1%
Deferred tax liabilities	7.91B YoY+2.4%	7.72B YoY+0.3%	7.70B YoY+2.4%	7.52B YoY+1.9%	7.38B YoY+3.0%
Other non-current liabilities	536M YoY-4.3%	560M YoY+3.1%	543M YoY-4.9%	571M YoY+13.7%	502M YoY-2.1%
	13.2B YoY+5.2%	12.5B YoY+4.4%	12.0B YoY-3.9%	12.5B YoY-7.3%	13.5B YoY+2.6%
Common stock	1.86B YoY-2.1%	1.90B YoY-3.0%	1.96B YoY-5.2%	2.07B YoY-6.2%	2.20B YoY-3.8%
Additional paid-in capital	948M YoY+12.1%	846M YoY+22.4%	691M YoY+20.4%	574M YoY+769.7%	66.0M YoY-56.6%
Retained earnings	10.6B YoY+5.7%	9.99B YoY+3.9%	9.61B YoY-6.1%	10.2B YoY-12.0%	11.6B YoY+3.3%
Accumulated other comprehensive income	-213M YoY+8.2%	-232M YoY+16.8%	-279M YoY+32.0%	-410M YoY-0.5%	-408M YoY+31.8%
Non-controlling interest	5.00M YoY+0.0%	5.00M YoY+0.0%	5.00M YoY-50.0%	10.0M YoY+0.0%	10.0M YoY+11.1%
Total equity incl. non-controlling	13.2B YoY+5.2%	12.5B YoY+4.4%	12.0B YoY-3.9%	12.5B YoY-7.3%	13.5B YoY+2.6%
Total liabilities & equity	43.7B YoY+2.1%	42.8B YoY+1.3%	42.2B YoY+1.3%	41.7B YoY+2.8%	40.5B YoY+1.9%
Common shares issued	1.86B YoY-2.1%	1.90B YoY-3.0%	1.96B YoY-5.2%	2.07B YoY-6.2%	2.20B YoY+188.6%
Common shares outstanding	1.86B YoY-2.1%	1.90B YoY-3.0%	1.96B YoY-5.2%	2.07B YoY-6.2%	2.20B YoY+188.6%
Shares outstanding (cover)	1.86B YoY-3.4%	1.93B YoY-2.4%	1.98B YoY-6.0%	2.10B YoY-5.2%	2.22B YoY+190.0%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.61B YoY-12.1%	5.25B YoY-4.8%	5.51B YoY-0.2%	5.53B YoY+8.4%	5.10B YoY+19.6%
Depreciation & amortization	1.68B YoY+1.3%	1.66B YoY+3.2%	1.61B YoY+7.0%	1.50B YoY+5.8%	1.42B YoY+2.7%
Deferred income taxes	194M YoY+1516.7%	12.0M YoY-90.5%	126M YoY+26.0%	100M YoY-40.1%	167M YoY-7.2%
Change in receivables	-88.0M YoY-7.3%	-82.0M YoY-260.8%	51.0M YoY-49.5%	101M YoY-28.4%	141M YoY+269.9%
Change in payables	40.0M YoY+1233.3%	3.00M YoY-95.9%	74.0M YoY-47.1%	140M YoY+9.4%	128M YoY+740.0%
Other operating activities	-70.0M YoY+6.7%	-75.0M YoY-82.9%	-41.0M YoY-156.3%	-16.0M YoY-233.3%	12.0M YoY+137.5%
	-2.85B YoY-9.4%	-2.60B YoY-17.0%	-2.23B YoY-7.9%	-2.06B YoY-9.9%	-1.88B YoY-189.2%
Capital expenditure	2.90B YoY+14.7%	2.53B YoY+12.1%	2.26B YoY+6.8%	2.11B YoY+18.0%	1.79B YoY+10.1%
Acquisitions	16.0M YoY-77.1%	70.0M YoY+125.8%	31.0M YoY-86.3%	227M YoY-58.0%	541M
Proceeds from sale of PP&E	78.0M YoY+18.2%	66.0M YoY-25.0%	88.0M YoY-70.1%	294M YoY-44.4%	529M YoY+844.6%
Other investing activities	91.0M YoY-6.2%	97.0M YoY+27.6%	76.0M YoY+330.3%	-33.0M YoY-925.0%	4.00M YoY-94.8%
	-2.02B YoY+33.9%	-3.06B YoY+20.8%	-3.87B YoY-2.6%	-3.77B YoY+8.3%	-4.11B YoY-185.0%
Long-term debt issued	900M YoY+63.6%	550M YoY-8.3%	600M YoY-70.0%	2.00B	0.00 YoY-100.0%
Long-term debt repaid	613M YoY+9.9%	558M YoY+264.7%	153M YoY-17.7%	186M YoY-56.3%	426M YoY-42.8%
Common stock repurchased	1.40B YoY-37.6%	2.24B YoY-35.8%	3.48B YoY-26.4%	4.73B YoY+63.9%	2.89B YoY+232.9%
Dividends paid	972M YoY+4.5%	930M YoY+5.4%	882M YoY+3.5%	852M YoY+1.5%	839M YoY+5.3%
Other financing activities	56.0M YoY-50.4%	113M YoY+126.0%	50.0M	0.00 YoY-100.0%	39.0M YoY+214.7%
Net change in cash	-263M YoY+37.4%	-420M YoY+27.6%	-580M YoY-89.5%	-306M YoY+65.6%	-890M YoY-141.0%
Interest paid	870M YoY+2.4%	850M YoY+5.5%	806M YoY+10.6%	729M YoY+1.5%	718M YoY-4.3%
Income taxes paid	1.10B YoY+2.4%	1.08B YoY+70.8%	630M YoY-46.0%	1.17B YoY+25.3%	931M YoY+40.2%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	67.5B YoY+8.5%	62.2B YoY-9.2%	68.5B YoY+5.2%	65.1B YoY-21.9%	83.4B YoY+260.5%
P/E	23.4× YoY+30.3%	17.9× YoY-1.8%	18.3× YoY+14.4%	16.0× YoY-27.7%	22.1× YoY+163.6%
P/S	4.8× YoY+11.9%	4.3× YoY-8.1%	4.7× YoY+4.1%	4.5× YoY-32.8%	6.7× YoY+204.7%
P/B	5.1× YoY+3.1%	5.0× YoY-14.6%	5.8× YoY+15.3%	5.1× YoY-18.5%	6.2× YoY+251.3%
P/FCF	39.5× YoY+72.3%	22.9× YoY+1.9%	22.5× YoY+21.7%	18.5× YoY-26.7%	25.2× YoY+187.4%
Earnings yield	4.3% YoY-23.2%	5.6% YoY+1.8%	5.5% YoY-12.6%	6.3% YoY+38.2%	4.5% YoY-62.1%
FCF yield	2.5% YoY-42.0%	4.4% YoY-1.9%	4.5% YoY-17.8%	5.4% YoY+36.5%	4.0% YoY-65.2%
Dividend yield	1.4% YoY-3.6%	1.5% YoY+17.2%	1.3%	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CSX's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CSX filings on SEC EDGAR → Not investment advice.

CSX▼ financial statements

About this data

financial statements