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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The biggest changes in the 10-K filed 2026-02-12, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Operating margin

36.1% → 32.1% (-4.0 pts) Big change FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Net income

-16.7% Big change FY to 2025-12-31 vs 2024-12-31

“Other income decreased $50 million primarily due to lower interest income and lower net pension benefit credits.”
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“Net Earnings decreased $581 million to $2.9 billion, and earnings per diluted share decreased $0.25 to $1.54, due to the factors mentioned above.”
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Cash from operations

-12.1% Big change FY to 2025-12-31 vs 2024-12-31

“In 2025, the Company generated $634 million less cash from operating activities compared to prior year, primarily driven by lower cash-generating net earnings, the payment of $429 million of previously postponed taxes with no postponements available in 2025, and a $96 million prepayment for locomotive maintenance services.”
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Revenue

-3.1% FY to 2025-12-31 vs 2024-12-31

“Total revenue decreased by $448 million in 2025, or 3%, when compared to the previous year primarily due to declines in export coal revenue, which includes the impact of lower global benchmark rates, lower merchandise volume, and lower fuel recovery.”
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“Trucking revenue decreased $28 million versus the prior year due to lower rates and fuel surcharge.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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