CSXCSX Corporation

Industrials · Railroads · Nasdaq

CSX Corporation, together with its subsidiaries ("CSX" or the “Company”), based in Jacksonville, Florida, is one of the nation's leading transportation companies. 10-K, Item 1

Employees: 23,000
Headquarters: Jacksonville, FL
CEO: Stephen F. Angel
Next results: around Jan 21, 2027

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CSX and 9 peers, year by year

The 9 Industrials companies closest to CSX in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
CSX CSX Corporation	FY2025	$14.1B	−3.1%	-	32.1%	20.5%	12.1%	22.0%	1.43
OTIS Otis Worldwide	FY2025	$14.4B	+1.2%	-	14.8%	9.6%	10.0%	n/m	n/m
SWK Stanley Black & Decker	FY2025	$15.1B	−1.5%	-	-	2.7%	4.5%	4.4%	0.65
TXT Textron	FY2025	$14.8B	+8.0%	-	-	6.2%	6.3%	11.7%	-
J Jacobs Solutions	FY2025	$12.0B	+4.6%	24.8%	7.2%	2.4%	5.0%	7.9%	0.61
HII Huntington Ingalls Industries	FY2025	$12.5B	+8.2%	-	5.3%	4.8%	6.4%	11.9%	0.53
JBHT J.B. Hunt	FY2025	$12.0B	−0.7%	-	7.2%	5.0%	7.9%	16.8%	0.41
EXPD Expeditors International	FY2025	$11.1B	+4.4%	-	9.5%	7.3%	8.6%	34.4%	-
ITW Illinois Tool Works	FY2025	$16.0B	+0.9%	-	26.3%	19.1%	16.9%	95.0%	2.78
VRT Vertiv	FY2025	$10.2B	+27.7%	-	17.9%	13.0%	18.5%	33.8%	0.74

Revenuepeer median $12.5B

Sales growthpeer median +4.4%

Operating marginpeer median 9.5%

CSX 32.1%
ITW 26.3%
VRT 17.9%
OTIS 14.8%
EXPD 9.5%
JBHT 7.2%
J 7.2%
HII 5.3%
SWK -
TXT -

Net marginpeer median 6.2%

FCF marginpeer median 7.9%

Return on equitypeer median 14.4%

Debt / equitypeer median 0.63

ITW 2.78
CSX 1.43
VRT 0.74
SWK 0.65
J 0.61
HII 0.53
JBHT 0.41
OTIS n/m
TXT -
EXPD -

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
CSX Dec	$11.1B	$11.4B	$12.2B	$11.9B	$10.6B	$12.5B	$14.9B	$14.7B	$14.5B	$14.1B
OTIS Dec	-	-	$12.9B	$13.1B	$12.8B	$14.3B	$13.7B	$14.2B	$14.3B	$14.4B
SWK Jan	$11.6B	$14.0B	-	$12.9B	$12.8B	$15.3B	$16.9B	$15.8B	$15.4B	$15.1B
TXT Jan	$13.8B	$14.2B	$14.0B	$13.6B	$11.7B	$12.4B	$12.9B	$13.7B	$13.7B	$14.8B
J Sep	$11.0B	$10.0B	$15.0B	$12.7B	$13.6B	$14.1B	$9.8B	$10.9B	$11.5B	$12.0B
HII Dec	$7.1B	$7.4B	$8.2B	$8.9B	$9.4B	$9.5B	$10.7B	$11.5B	$11.5B	$12.5B
JBHT Dec	$6.6B	$7.2B	$8.6B	$9.2B	$9.6B	$12.2B	$14.8B	$12.8B	$12.1B	$12.0B
EXPD Dec	$6.1B	$6.9B	$8.1B	$7.9B	$9.6B	$16.5B	$17.1B	$9.3B	$10.6B	$11.1B
ITW Dec	$13.6B	$14.3B	$14.8B	$14.1B	$12.6B	$14.5B	$15.9B	$16.1B	$15.9B	$16.0B
VRT Dec	-	$0	$4.3B	$4.4B	$4.4B	$5.0B	$5.7B	$6.9B	$8.0B	$10.2B
Peer median	$11.0B	$8.7B	$10.8B	$12.7B	$11.7B	$14.1B	$13.7B	$12.8B	$12.1B	$12.5B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
CSX Dec	−6.3%	+3.1%	+7.4%	−2.6%	−11.3%	+18.3%	+18.6%	−1.3%	−0.8%	−3.1%
OTIS Dec	-	-	-	+1.6%	−2.8%	+12.1%	−4.3%	+3.8%	+0.4%	+1.2%
SWK Jan	+2.1%	+7.8%	-	+3.3%	+1.1%	+19.9%	+10.9%	−6.9%	−2.6%	−1.5%
TXT Jan	+2.7%	+3.0%	−1.6%	−2.4%	−14.5%	+6.3%	+3.9%	+6.3%	+0.1%	+8.0%
J Sep	−9.5%	−8.6%	+67.1%	+20.4%	+6.5%	+3.9%	+5.9%	+10.9%	+6.0%	+4.6%
HII Dec	+0.7%	+5.3%	+9.9%	+8.8%	+5.2%	+1.7%	+12.1%	+7.3%	+0.7%	+8.2%
JBHT Dec	+5.9%	+9.7%	+19.8%	+6.4%	+5.1%	+26.3%	+21.7%	−13.4%	−5.8%	−0.7%
EXPD Dec	−7.8%	+13.5%	+17.6%	+0.5%	+20.7%	+72.4%	+3.3%	−45.5%	+14.0%	+4.4%
ITW Dec	+1.4%	+5.3%	+3.2%	−4.5%	−10.9%	+15.0%	+10.2%	+1.1%	−1.3%	+0.9%
VRT Dec	-	-	-	+3.4%	−1.4%	+14.4%	+13.9%	+20.6%	+16.7%	+27.7%
Peer median	+1.4%	+5.3%	+13.7%	+3.3%	+1.1%	+14.4%	+10.2%	+3.8%	+0.4%	+4.4%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
CSX Dec	-	-	-	-	-	-	-	-	-	-
OTIS Dec	-	-	-	-	-	-	-	-	-	-
SWK Jan	36.8%	34.7%	-	37.2%	34.6%	33.3%	25.3%	-	-	-
TXT Jan	-	-	-	-	-	-	-	-	-	-
J Sep	16.1%	12.6%	14.4%	19.4%	19.1%	21.6%	26.4%	25.0%	24.6%	24.8%
HII Dec	-	-	-	-	-	-	-	-	-	-
JBHT Dec	-	-	-	-	-	-	-	-	-	-
EXPD Dec	-	-	-	-	-	-	-	-	-	-
ITW Dec	-	-	-	-	-	-	-	-	-	-
VRT Dec	-	-	-	-	-	-	-	-	-	-
Peer median	-	-	-	-	-	-	-	-	-	-

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
CSX Dec	30.8%	32.6%	39.7%	41.6%	41.2%	44.7%	40.1%	37.5%	36.1%	32.1%
OTIS Dec	-	-	14.2%	13.8%	12.8%	14.7%	14.9%	15.4%	14.1%	14.8%
SWK Jan	15.8%	13.5%	-	15.4%	17.1%	-	-	-	-	-
TXT Jan	-	-	-	-	-	-	-	-	-	-
J Sep	3.1%	2.4%	2.6%	3.2%	4.0%	4.9%	5.5%	6.2%	6.0%	7.2%
HII Dec	12.4%	11.8%	11.6%	8.3%	8.5%	5.4%	5.3%	6.8%	4.6%	5.3%
JBHT Dec	11.0%	8.7%	7.9%	8.0%	7.4%	8.6%	9.0%	7.7%	6.9%	7.2%
EXPD Dec	11.0%	10.1%	9.8%	9.7%	9.8%	11.6%	10.7%	10.1%	9.8%	9.5%
ITW Dec	22.5%	24.3%	24.3%	24.1%	22.9%	24.1%	23.8%	25.1%	26.8%	26.3%
VRT Dec	-	-	-	4.7%	4.9%	5.2%	3.9%	12.7%	17.1%	17.9%
Peer median	11.7%	11.0%	10.7%	9.0%	9.2%	8.6%	9.0%	10.1%	9.8%	9.5%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
CSX Dec	15.5%	48.0%	27.0%	27.9%	26.1%	30.2%	27.7%	25.0%	23.9%	20.5%
OTIS Dec	-	-	8.1%	8.5%	7.1%	8.7%	9.2%	9.9%	11.5%	9.6%
SWK Jan	8.3%	4.3%	-	7.4%	9.7%	11.1%	6.3%	−2.0%	1.9%	2.7%
TXT Jan	7.0%	2.2%	8.7%	6.0%	2.7%	6.0%	6.7%	6.7%	6.0%	6.2%
J Sep	1.9%	2.9%	1.1%	6.7%	3.6%	3.4%	6.6%	6.1%	7.0%	2.4%
HII Dec	8.1%	6.4%	10.2%	6.2%	7.4%	5.7%	5.4%	5.9%	4.8%	4.8%
JBHT Dec	6.6%	9.5%	5.7%	5.6%	5.3%	6.3%	6.5%	5.7%	4.7%	5.0%
EXPD Dec	7.1%	7.1%	7.6%	7.4%	7.3%	8.6%	8.0%	8.1%	7.6%	7.3%
ITW Dec	15.0%	11.8%	17.4%	17.9%	16.8%	18.6%	19.0%	18.4%	21.9%	19.1%
VRT Dec	-	-	−7.3%	−3.2%	−7.5%	2.4%	1.3%	6.7%	6.2%	13.0%
Peer median	7.1%	6.4%	7.9%	6.7%	7.1%	6.3%	6.6%	6.7%	6.2%	6.2%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
CSX Dec	$643.0M	$1.4B	$2.9B	$3.2B	$2.6B	$3.3B	$3.4B	$3.3B	$2.7B	$1.7B
OTIS Dec	-	-	$1.4B	$1.3B	$1.3B	$1.6B	$1.4B	$1.5B	$1.4B	$1.4B
SWK Jan	$838.5M	$768.8M	-	$1.1B	$1.7B	$144.0M	−$2.0B	$852.6M	$753.0M	$687.9M
TXT Jan	$479.0M	$513.0M	$738.0M	$675.0M	$451.0M	$1.2B	$1.1B	$864.0M	$650.0M	$929.0M
J Sep	$612.5M	$456.8M	$386.3M	−$502.4M	$688.6M	$633.5M	$347.1M	$837.3M	$933.6M	$607.5M
HII Dec	$537.0M	$432.0M	$451.0M	$366.0M	$740.0M	$429.0M	$482.0M	$678.0M	$26.0M	$794.0M
JBHT Dec	$215.7M	$328.2M	$92.2M	$244.2M	$384.3M	$276.3M	$236.1M	−$117.8M	$617.8M	$947.6M
EXPD Dec	$470.2M	$393.6M	$525.3M	$724.7M	$607.4M	$832.2M	$2.0B	$1.0B	$682.9M	$953.4M
ITW Dec	$2.0B	$2.1B	$2.4B	$2.7B	$2.6B	$2.3B	$1.9B	$3.1B	$2.8B	$2.7B
VRT Dec	-	-	−$286.5M	$9.9M	$164.5M	$137.5M	−$252.8M	$772.6M	$1.2B	$1.9B
Peer median	$537.0M	$456.8M	$488.2M	$675.0M	$688.6M	$633.5M	$482.0M	$852.6M	$753.0M	$947.6M

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
CSX Dec	5.8%	12.6%	23.6%	26.7%	24.9%	26.4%	23.0%	22.2%	18.7%	12.1%
OTIS Dec	-	-	10.7%	10.1%	10.2%	11.1%	10.6%	10.5%	10.1%	10.0%
SWK Jan	7.2%	5.5%	-	8.4%	13.1%	0.9%	−11.7%	5.4%	4.9%	4.5%
TXT Jan	3.5%	3.6%	5.3%	5.0%	3.9%	9.9%	8.8%	6.3%	4.7%	6.3%
J Sep	5.6%	4.6%	2.6%	−3.9%	5.1%	4.5%	3.5%	7.7%	8.1%	5.0%
HII Dec	7.6%	5.8%	5.5%	4.1%	7.9%	4.5%	4.5%	5.9%	0.2%	6.4%
JBHT Dec	3.3%	4.6%	1.1%	2.7%	4.0%	2.3%	1.6%	−0.9%	5.1%	7.9%
EXPD Dec	7.7%	5.7%	6.5%	9.1%	6.3%	5.0%	12.0%	10.9%	6.4%	8.6%
ITW Dec	14.9%	14.7%	16.6%	18.9%	20.4%	15.6%	12.2%	19.1%	17.9%	16.9%
VRT Dec	-	-	−6.7%	0.2%	3.8%	2.8%	−4.4%	11.3%	14.4%	18.5%
Peer median	7.2%	5.5%	5.4%	5.0%	6.3%	4.5%	4.5%	7.7%	6.4%	7.9%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
CSX Dec	14.7%	37.2%	26.3%	28.1%	21.1%	28.1%	33.0%	30.6%	27.7%	22.0%
OTIS Dec	-	-	52.1%	65.6%	n/m	n/m	n/m	n/m	n/m	n/m
SWK Jan	15.2%	7.7%	-	10.5%	11.2%	14.6%	10.9%	−3.4%	3.4%	4.4%
TXT Jan	17.3%	5.4%	23.5%	14.8%	5.3%	10.9%	12.1%	13.2%	11.4%	11.7%
J Sep	4.9%	6.6%	2.8%	14.8%	8.5%	8.0%	10.6%	10.2%	17.7%	7.9%
HII Dec	34.7%	27.2%	55.1%	34.6%	36.6%	19.4%	16.6%	16.6%	11.8%	11.9%
JBHT Dec	30.6%	37.3%	23.3%	22.8%	19.5%	24.4%	26.4%	17.7%	14.2%	16.8%
EXPD Dec	23.4%	24.6%	31.1%	26.9%	26.2%	40.5%	43.6%	31.5%	36.4%	34.4%
ITW Dec	47.8%	36.8%	78.7%	83.2%	66.3%	74.3%	98.2%	98.1%	105.2%	95.0%
VRT Dec	n/m	n/m	n/m	n/m	−63.9%	8.4%	5.3%	22.8%	20.4%	33.8%
Peer median	23.4%	24.6%	31.1%	24.8%	15.3%	17.0%	14.3%	17.2%	16.0%	14.4%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
CSX Dec	0.97	0.80	1.17	1.37	1.27	1.22	1.45	1.55	1.48	1.43
OTIS Dec	-	-	-	0.00	n/m	n/m	n/m	n/m	n/m	n/m
SWK Jan	0.60	0.54	-	0.38	0.38	0.57	0.77	0.79	0.70	0.65
TXT Jan	-	-	-	-	-	-	-	-	-	-
J Sep	0.09	0.05	0.37	0.21	0.29	0.50	0.56	0.44	0.49	0.61
HII Dec	0.77	0.73	0.85	0.81	0.89	1.17	0.83	0.60	0.69	0.53
JBHT Dec	0.70	0.59	0.55	0.57	0.50	0.30	0.34	0.32	0.24	0.41
EXPD Dec	-	-	-	-	-	-	-	-	-	-
ITW Dec	1.84	1.81	2.26	2.56	2.55	2.12	2.51	2.71	2.37	2.78
VRT Dec	-	-	-	n/m	4.20	2.10	2.21	1.46	1.20	0.74
Peer median	0.70	0.59	0.70	0.48	0.69	0.87	0.80	0.69	0.69	0.63

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
CSX Dec	$0.60	$2.00	$1.28	$1.39	$1.20	$1.68	$1.92	$1.82	$1.79	$1.54
OTIS Dec	-	-	$2.42	$2.55	$2.08	$2.89	$2.96	$3.39	$4.07	$3.50
SWK Jan	$6.53	$3.85	-	$6.11	$7.46	$10.16	$6.76	−$2.07	$1.95	$2.65
TXT Jan	$3.53	$1.14	$4.83	-	-	$3.30	$4.01	$4.56	$4.33	$5.11
J Sep	$1.73	$2.42	$1.18	$6.08	$3.71	$3.20	$4.98	$5.30	$6.32	$2.38
HII Dec	$12.14	$10.46	$19.09	$13.26	$17.14	$13.50	$14.44	$17.07	$13.96	$15.39
JBHT Dec	$3.81	$6.18	$4.43	$4.77	$4.74	$7.14	$9.21	$6.97	$5.56	$6.12
EXPD Dec	$2.36	$2.69	$3.48	$3.39	$4.07	$8.27	$8.26	$5.01	$5.72	$5.95
ITW Dec	$5.70	$4.86	$7.60	$7.74	$6.63	$8.51	$9.77	$9.74	$11.71	$10.49
VRT Dec	-	-	−$2.65	−$1.19	−$1.07	$0.33	−$0.04	$1.19	$1.28	$3.41
Peer median	$3.81	$3.85	$3.96	$5.42	$4.41	$7.14	$6.76	$5.01	$5.56	$5.11

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out CSX and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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