CSX CORP

CSX 10-K · Q4 2025

CSX Q4 2025 request

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 3,508 3,539 -0.9%
Show Product Lines breakouts
Agricultural and Food Products 410 415 -1.2%
Automotive 285 296 -3.7%
Chemicals 680 708 -4.0%
Coal -1,426.1 499 -385.8%
Fertilizers 133 125 +6.4%
Forest Products 229 257 -10.9%
Intermodal -1,508.9 526 -386.9%
Metals and Equipment 212 201 +5.5%
Minerals 207 189 +9.5%
Other 122 129 -5.4%
Total Merchandise -6,608.2 2,191 -401.6%
Trucking business 196 194 +1.0%
Show Business Segments breakouts
Rail Operations · Operating Segments 3,312 3,345 -1.0%
Trucking Operating Segment · Operating Segments 198 196 +1.0%
Show Consolidation Items breakouts
Intersegment Elimination -2 -2 0.0%
Labor And Related Expense 835 788 +6.0%
Show Business Segments breakouts
Rail Operations · Operating Segments 781 736 +6.1%
Other Cost And Expense Operating 799 754 +6.0%
Show Business Segments breakouts
Rail Operations · Operating Segments 693 645 +7.4%
Depreciation & Amortization 404 422 -4.3%
Show Business Segments breakouts
Rail Operations · Operating Segments 388 407 -4.7%
Fuel Costs 270 266 +1.5%
Show Business Segments breakouts
Rail Operations · Fuel - Locomotive 226 224 +0.9%
Rail Operations · Fuel - Non- Locomotive 24 24 0.0%
Equipment And Other Rents 90 95 -5.3%
Show Business Segments breakouts
Rail Operations · Operating Segments 84 90 -6.7%
Operating Costs And Expenses 2,398 2,433 -1.4%
Show Business Segments breakouts
Trucking Operating Segment · Operating Segments 206 313 -34.2%
Show Consolidation Items breakouts
Intersegment Elimination -2 -2 0.0%
Operating Income 1,110 1,106 +0.4%
Show Business Segments breakouts
Rail Operations · Operating Segments 1,118 1,223 -8.6%
Interest Expense -213 -207 -2.9%
Non-Operating Income (Expense) 23 37 -37.8%
Income Before Taxes 920 936 -1.7%
Income Tax Expense (Benefit) -200 -203 +1.5%
Net Income 720 733 -1.8%
EPS (Basic) 0.38 0.38 0.0%
EPS (Diluted) 0.38 0.39 -2.6%
Wtd Avg Shares (Basic) -4 -7 +42.9%
Wtd Avg Shares (Diluted) -3 -7 +57.1%
Comprehensive Income 727 770 -5.6%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 670 933 -28.2%
Short-Term Investments 5 72 -93.1%
Accounts Receivable 1,298 1,326 -2.1%
Materials Supplies And Other 390 414 -5.8%
Other Assets Current 187 75 +149.3%
Total Current Assets 2,550 2,820 -9.6%
Non-Current Assets
Property, Plant & Equipment 36,811 35,658 +3.2%
Show Property Plant And Equipment By Type breakouts
Ballast 2,398 2,335 +2.7%
Bridges, Trestles, and Culverts 2,800 2,662 +5.2%
Buildings 997 930 +7.2%
Construction In Progress 998 1,069 -6.6%
Freight Cars 1,888 1,904 -0.8%
Grading 2,514 2,114 +18.9%
Land 2,286 2,276 +0.4%
Locomotive 3,107 3,077 +1.0%
Other 3,458 3,298 +4.9%
Rail and Other Track Material 8,007 7,684 +4.2%
Signals and Interlockers 2,012 1,996 +0.8%
Ties 5,114 5,017 +1.9%
Total Equipment 6,227 6,277 -0.8%
Total Road 27,300 26,036 +4.9%
Work Equipment and Other 1,232 1,296 -4.9%
Operating Lease Right-of-Use Assets 464 487 -4.7%
Other Non-Current Assets 956 846 +13.0%
Total Assets 43,682 42,764 +2.1%
Show Business Segments breakouts
Rail Operations 43.5 42.6 +2.1%
Goodwill 80 239 -66.5%
Show Business Segments breakouts
Rail Operations 80 80 0.0%
Trucking Operating Segment · Several Acquisitions 5 22 -77.3%
Other Assets
Property Plant And Equipment Gross 53,816 52,191 +3.1%
Show Property Plant And Equipment By Type breakouts
Ballast 3,581 3,494 +2.5%
Bridges, Trestles, and Culverts 3,391 3,234 +4.9%
Buildings 1,577 1,498 +5.3%
Construction In Progress 998 1,069 -6.6%
Freight Cars 2,246 2,311 -2.8%
Grading 3,240 2,813 +15.2%
Land 2,286 2,276 +0.4%
Locomotive 5,374 5,252 +2.3%
Other 6,197 6,017 +3.0%
Rail and Other Track Material 10,318 9,883 +4.4%
Signals and Interlockers 3,476 3,476 0.0%
Ties 7,488 7,269 +3.0%
Total Equipment 11,264 11,162 +0.9%
Total Road 39,268 37,684 +4.2%
Work Equipment and Other 3,644 3,599 +1.3%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment -17,005 -16,533 -2.9%
Show Property Plant And Equipment By Type breakouts
Ballast -1,183 -1,159 -2.1%
Bridges, Trestles, and Culverts -591 -572 -3.3%
Buildings -580 -568 -2.1%
Freight Cars -358 -407 +12.0%
Grading -726 -699 -3.9%
Locomotive -2,267 -2,175 -4.2%
Other -2,739 -2,719 -0.7%
Rail and Other Track Material -2,311 -2,199 -5.1%
Signals and Interlockers -1,464 -1,480 +1.1%
Ties -2,374 -2,252 -5.4%
Total Equipment -5,037 -4,885 -3.1%
Total Road -11,968 -11,648 -2.7%
Work Equipment and Other -2,412 -2,303 -4.7%
Investments In Affiliates Subsidiaries Associates And Joint Ventures 2,634 2,520 +4.5%
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts
Conrail · Corporate Joint Venture 1,301 1,245 +4.5%
Other Investments in Affiliates · Affiliated Entity 278 263 +5.7%
TTX · Affiliated Entity 1,055 1,012 +4.2%
Show Related Party Transactions By Related Party breakouts
Affiliated Entity 2,634 2,520 +4.5%
Intangible Assets Net Including Goodwill 267 433 -38.3%
Current Liabilities
Accounts Payable 1,149 1,118 +2.8%
Employee Related Liabilities Current 532 480 +10.8%
Loss Contingency Accrual Carrying Value Current 184 149 +23.5%
Show Loss Contingencies By Nature Of Contingency breakouts
Environmental Issue 49 37 +32.4%
Occupational 6 7 -14.3%
Other 69 54 +27.8%
Personal Injury 60 51 +17.6%
Total Casualty 66 58 +13.8%
Long Term Debt And Capital Lease Obligations Current 708 606 +16.8%
Show Debt Type [Axis] breakouts
Current Portion 708 606 +16.8%
Taxes Payable Current 118 508 -76.8%
Interest Payable Current 170 172 -1.2%
Other Liabilities Current 272 243 +11.9%
Total Current Liabilities 3,133 3,276 -4.4%
Non-Current Liabilities
Loss Contingency Accrual Carrying Value Noncurrent 295 313 -5.8%
Show Loss Contingencies By Nature Of Contingency breakouts
Environmental Issue 107 114 -6.1%
Occupational 53 59 -10.2%
Other 41 49 -16.3%
Personal Injury 94 91 +3.3%
Total Casualty 147 150 -2.0%
Deferred Tax Liabilities 7,914 7,725 +2.4%
Operating Lease Liabilities 479 486 -1.4%
Other Non-Current Liabilities 536 560 -4.3%
Total Liabilities 30,522 30,257 +0.9%
Other Liabilities
Long Term Debt And Capital Lease Obligations 18,165 17,897 +1.5%
Show Debt Type [Axis] breakouts
Long-term Portion 18,165 17,897 +1.5%
Stockholders' Equity
Common Stock 1,860 1,900 -2.1%
Additional Paid In Capital Common Stock 948 846 +12.1%
Retained Earnings 10,560 9,988 +5.7%
Accumulated Other Comprehensive Income -213 -232 +8.2%
Minority Interest 5 5 0.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 13,160 12,507 +5.2%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -337 -349 +3.4%
Accumulated Gain Loss Net Cash Flow Hedge Parent 152 153 -0.7%
Accumulated Other Comprehensive Income -213 -232 +8.2%
Common Stock Including Additional Paid In Capital 2,808 2,746 +2.3%
Noncontrolling Interest 5 5 0.0%
Other -28 -36 +22.2%
Retained Earnings 10,560 9,988 +5.7%
Total Liabilities & Equity 43,682 42,764 +2.1%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Deferred Income Taxes 51 -7 +828.6%
Change in Accounts Receivable 118 75 +57.3%
Change in Accounts Payable -61 -54 -13.0%
Net Cash from Operations 1,386 1,388 -0.1%
Investing Activities
Capital Expenditures -677 -838 +19.2%
Other Investing Activities -50 -3 -1566.7%
Net Cash from Investing -706 -883 +20.0%
Financing Activities
Share Repurchases -112 -1,025 +89.1%
Net Cash from Financing -622 -1,216 +48.8%
Other Cash Flow
Net Change in Cash 58 -711 +108.2%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

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