10x Insights
Loading account…
Companies / Industrials / CSX Corporation
CSX

CSX Corporation

IndustrialsTransportation & UtilitiesS&P 500
Ticker CSXJACKSONVILLE, FLFiscal year ends DecemberBook value per share $7.57Diluted shares 1.9B

CSX Corporation (NASDAQ: CSX) operates as one of the nation's leading transportation companies, providing rail-based freight transportation services across North America. The company's website is www.csx.com. CSX Transportation, Inc., the principal operating subsidiary, maintains an extensive network of approximately… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$14.09BFY2025
−3.1% year over year
Last 12 mo $14.51B
32.08%FY2025
−4 percentage points
Last 12 mo 34.15%
$2.89BFY2025
−16.7% year over year
Last 12 mo $3.22B
22.92%FY2025
−5.5 percentage points
Last 12 mo 22.89%
Cash & financing
$4.61BFY2025
−12.1% year over year
Last 12 mo $5.32B
$1.71BFY2025
−37.0% year over year
Last 12 mo $2.80B
1.43FY2025
Was 1.48× a year earlier
Last 12 mo 1.34
1.9BFY2025
−3.6% year over year
Last 12 mo 1.9B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CSX Corporation does

In the company’s own words

CSX Corporation (NASDAQ: CSX) operates as one of the nation's leading transportation companies, providing rail-based freight transportation services across North America. The company's website is www.csx.com. CSX Transportation, Inc., the principal operating subsidiary, maintains an extensive network of approximately 20,000 route miles serving 26 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec. The company provides access to over 70 ocean, river, and lake port terminals along the Atlantic and Gulf Coasts, the Mississippi River, the Great Lakes, and the St. Lawrence Seaway.

During 2025, CSX generated $14.1 billion in revenue across four primary lines of business. The merchandise business, representing 62 percent of revenue, shipped 2.6 million carloads and generated $8.8 billion. The intermodal business contributed 15 percent of revenue with 3.0 million units shipped and $2.1 billion in revenue. The coal business generated $1.9 billion, or 13 percent of revenue, shipping 718 thousand carloads. The trucking business, primarily through Quality Carriers, contributed $816 million, or 6 percent of revenue. Other revenue sources accounted for 4 percent of total revenue.

CSX operates through several key subsidiaries beyond its main transportation division. Quality Carriers is the largest provider of bulk liquid chemicals truck transportation in North America. CSX Intermodal Terminals owns and operates a system of approximately 30 intermodal terminals predominantly in the eastern United States. Total Distribution Services serves the automotive industry with distribution centers and storage locations. TRANSFLO connects non-rail served customers to rail benefits through product transfers from rail to trucks, with major markets in chemicals and agriculture.

The company employed approximately 23,000 employees as of December 2025, with approximately 16,900 union members covered by national or CSX-specific agreements. CSX maintains a heritage dating back nearly 200 years, tracing its roots to the Baltimore and Ohio Railroad Company, chartered in 1827. The company's current network structure resulted from the 1980 merger of the Chessie System and Seaboard Coast Line Industries, followed by the acquisition of key Conrail portions and the Pan Am network, creating a comprehensive eastern United States rail system.

Company details
Sector
Industrials
Industry (SIC)
Transportation & Utilities
Headquarters
JACKSONVILLE, FL
Fiscal year end
December
CIK
277948
SIC
4011

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.49B$2.97B$7.43B$11.88B$16.34B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CSX Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

904
funds hold it
1 of 35
superinvestors hold it
$27.65B
held by funds, at market
31.9%
of shares held by funds
28
bond issues held by funds

Superinvestors in CSX Corporation · what they did last quarter

Tom GaynerINCREASED +10.3%
Markel Group (Markel-Gayner)
0.2%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · CSX Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.12%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.14%of fund net assets
0.38%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.14%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.13%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

CSX Corporation’s bonds, as funds hold them

Funds report holding 28 issues of CSX Corporation’s debt, $1.72B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.29%, maturing 2026 to 2068.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do CSX Corporation and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of CSX Corporation's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in CSX Corporation's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.