CSX Corporation (CSX) Research

Forward Estimates

EPS Estimates

Current Qtr

$0.49

$0.44$0.51

vs $0.44+11.6%

20 analysts

Next Qtr

$0.51

$0.49$0.53

vs $0.44+15.8%

20 analysts

Current Yr

$1.91

$1.84$1.98

vs $1.61+18.7%

23 analysts

Next Yr

$2.17

$1.98$2.31

vs $1.91+13.4%

23 analysts

Revenue Estimates

Current Qtr

$3.76B

$3.66B$3.89B

vs $3.57B+5.2%

16 analysts

Next Qtr

$3.79B

$3.73B$3.96B

vs $3.59B+5.6%

15 analysts

Current Yr

$14.79B

$14.58B$15.21B

vs $14.09B+4.9%

20 analysts

Next Yr

$15.49B

$15.19B$16.22B

vs $14.79B+4.7%

19 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for CSX on EDGAR.

CSX filing events and research context
Filed	Item	Context
Apr 22, 2026	mda_quarterly	CSX reported first-quarter 2026 revenue of $3.48 billion, a 2% increase driven by higher merchandise pricing, domestic coal shipments to utility plants, and intermodal volume growth from new customer wins. Operating income rose 20% to $1.25 billion, with the operating margin expanding 560 basis points to 36.0%. This profitability growth was supported by a 6% decrease in expenses, primarily due to headcount-driven labor efficiencies and $44 million in property disposition gains, which offset a 14% increase in locomotive fuel prices. Operational performance improved, with train velocity and dwell both improving by 7%, and on-time arrivals rising 11%. Safety metrics also trended positively, with the FRA train accident rate improving 31%. Free cash flow before dividends grew to $793 million, aided by lower property additions following the completion of the Blue Ridge subdivision. CSX maintains $1.1 billion in liquidity and expects 2026 capital expenditures to remain below $2.4 billion. Key risks include weather-related disruptions to metallurgical coal exports, ongoing labor negotiations for the remaining 25% of the unionized workforce, and volatility in fuel costs.
Feb 12, 2026	business	CSX Corporation operates a critical 20,000-mile rail network serving 26 states east of the Mississippi River, the District of Columbia, and parts of Canada. The company’s business model centers on a scheduled service plan designed to optimize assets, reduce costs, and generate strong free cash flow. Revenue is diversified across four primary segments: merchandise (62%), intermodal (15%), coal (13%), and trucking (6%). The merchandise segment is the company’s largest, encompassing chemicals, automotive, agricultural products, and metals. The intermodal business leverages rail efficiency for consumer goods, while the coal segment serves both domestic power generation and export steelmaking markets. CSX maintains a competitive advantage through its access to over 70 port terminals and extensive connections with short-line railroads. The company faces significant competition from motor carriers and other Class I railroads, most notably Norfolk Southern. A key industry development is the proposed merger between Norfolk Southern and Union Pacific, which could reshape the competitive landscape. Operational risks are managed through a focus on safety and a stable labor environment, with approximately 75% of unionized employees covered by recently ratified agreements. The company’s integrated approach, supported by subsidiaries like Quality Carriers, positions it as a vital link in the North American supply chain.
Feb 12, 2026	mda	In 2025, CSX reported revenue of $14.1 billion, a 3% decline from the prior year, driven primarily by lower export coal volumes, reduced merchandise shipments, and lower fuel recovery. Operating income fell 14% to $4.5 billion, with the operating margin contracting 400 basis points to 32.1%. Expenses rose 3% to $9.6 billion, impacted by inflationary pressures, higher casualty costs, and network disruptions, including severe weather and the Howard Street tunnel project. The company’s performance reflects a mixed volume environment: merchandise volume declined 2%, while intermodal volume grew 4% due to international port activity and new service offerings. Coal revenue was particularly volatile, dropping 15% amid lower global benchmark rates and customer facility outages. Despite these headwinds, CSX maintained a strong liquidity position, ending the year with $675 million in cash and access to a $1.2 billion revolving credit facility. Capital expenditures reached $2.9 billion, including $470 million for rebuilding the Blue Ridge subdivision following Hurricane Helene. Looking ahead, management expects 2026 capital spending to remain below $2.4 billion, prioritizing core infrastructure safety and reliability. The company continues to navigate risks related to cybersecurity, labor negotiations, and regulatory compliance, while maintaining its commitment to shareholder returns through dividends and share repurchases.

Filed

Item

Context

Apr 22, 2026

mda_quarterly

CSX reported first-quarter 2026 revenue of $3.48 billion, a 2% increase driven by higher merchandise pricing, domestic coal shipments to utility plants, and intermodal volume growth from new customer wins. Operating income rose 20% to $1.25 billion, with the operating margin expanding 560 basis points to 36.0%. This profitability growth was supported by a 6% decrease in expenses, primarily due to headcount-driven labor efficiencies and $44 million in property disposition gains, which offset a 14% increase in locomotive fuel prices. Operational performance improved, with train velocity and dwell both improving by 7%, and on-time arrivals rising 11%. Safety metrics also trended positively, with the FRA train accident rate improving 31%. Free cash flow before dividends grew to $793 million, aided by lower property additions following the completion of the Blue Ridge subdivision. CSX maintains $1.1 billion in liquidity and expects 2026 capital expenditures to remain below $2.4 billion. Key risks include weather-related disruptions to metallurgical coal exports, ongoing labor negotiations for the remaining 25% of the unionized workforce, and volatility in fuel costs.

Feb 12, 2026

business

CSX Corporation operates a critical 20,000-mile rail network serving 26 states east of the Mississippi River, the District of Columbia, and parts of Canada. The company’s business model centers on a scheduled service plan designed to optimize assets, reduce costs, and generate strong free cash flow. Revenue is diversified across four primary segments: merchandise (62%), intermodal (15%), coal (13%), and trucking (6%). The merchandise segment is the company’s largest, encompassing chemicals, automotive, agricultural products, and metals. The intermodal business leverages rail efficiency for consumer goods, while the coal segment serves both domestic power generation and export steelmaking markets. CSX maintains a competitive advantage through its access to over 70 port terminals and extensive connections with short-line railroads. The company faces significant competition from motor carriers and other Class I railroads, most notably Norfolk Southern. A key industry development is the proposed merger between Norfolk Southern and Union Pacific, which could reshape the competitive landscape. Operational risks are managed through a focus on safety and a stable labor environment, with approximately 75% of unionized employees covered by recently ratified agreements. The company’s integrated approach, supported by subsidiaries like Quality Carriers, positions it as a vital link in the North American supply chain.

Feb 12, 2026

mda

In 2025, CSX reported revenue of $14.1 billion, a 3% decline from the prior year, driven primarily by lower export coal volumes, reduced merchandise shipments, and lower fuel recovery. Operating income fell 14% to $4.5 billion, with the operating margin contracting 400 basis points to 32.1%. Expenses rose 3% to $9.6 billion, impacted by inflationary pressures, higher casualty costs, and network disruptions, including severe weather and the Howard Street tunnel project. The company’s performance reflects a mixed volume environment: merchandise volume declined 2%, while intermodal volume grew 4% due to international port activity and new service offerings. Coal revenue was particularly volatile, dropping 15% amid lower global benchmark rates and customer facility outages. Despite these headwinds, CSX maintained a strong liquidity position, ending the year with $675 million in cash and access to a $1.2 billion revolving credit facility. Capital expenditures reached $2.9 billion, including $470 million for rebuilding the Blue Ridge subdivision following Hurricane Helene. Looking ahead, management expects 2026 capital spending to remain below $2.4 billion, prioritizing core infrastructure safety and reliability. The company continues to navigate risks related to cybersecurity, labor negotiations, and regulatory compliance, while maintaining its commitment to shareholder returns through dividends and share repurchases.

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CSX filing events and research context

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