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CSX Corp.
CSXIndustrialsGenerated Sep 5, 2026, 01:34 PM UTC
CSX (CSX Corp.) analytical snapshot. Revenue declined +3.1% YoY to $14.09B. 5-year revenue CAGR +2.4%; 10y CAGR +2.7%. Net margin at 20.50% (contracting ▼). Market cap $91.53B at $49.41 per share. Trailing P/E 32.08, P/S 6.50, P/B 10.82. EV/Operating income ≈ 21.99 (EV $99.40B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -27 (data confidence 82%). Descriptive analytics from public filings — not investment advice.
Market cap
$91.53B
1.85B shares
Price
$49.41
NMS
P/E (ttm)
32.08
Revenue (FY)
$14.09B
YoY -3.1%
Net margin
20.50%
▼ 7.55pp
Free cash flow
$1.71B
12.14% margin
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 20Improving
80% conf
Latest annual report (10-K) filed Feb 12, 2026. Latest quarterly report (10-Q) filed Jul 22, 2026. 14 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 12, 2026.
- Latest quarterly report (10-Q) filed Jul 22, 2026.
- 14 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference CSX Corp.; broad institutional reporting.
- Recent filers include Axiom Investment Management LLC, Allen Investment Management LLC, Axiom Investment Management LLC.
- 20 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 12, 2026
Annual report
Latest 10-Q
Jul 22, 2026
8-K (recent)
14
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| Axiom Investment Management LLC | 13F-HR | Aug 15, 2022 |
| Allen Investment Management LLC | 13F-HR | Aug 8, 2007 |
| Axiom Investment Management LLC | 13F-HR | May 13, 2022 |
| Allen Investment Management LLC | 13F-HR | May 1, 2007 |
| Oak Group, Inc. | 13F-HR | Apr 15, 2008 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jul 22, 2026 | 8-K | 8-K |
| May 14, 2026 | 8-K | FORM 8-K |
| Apr 22, 2026 | 8-K | 8-K |
| Jan 22, 2026 | 8-K | 8-K |
| Oct 29, 2025 | 8-K | FORM 8-K |
| Oct 23, 2025 | 8-K | FORM 8-K |
| Oct 22, 2025 | 8-K | FORM 8-K |
| Oct 16, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -35Deteriorating
64% conf
2 risk signal(s), 1 positive signal(s), 2 watch item(s) detected from XBRL filing diff analysis. Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- Free cash flow deteriorating: FCF declined +37.0% YoY (from $2.72B to $1.71B). With OCF at $4.61B and capex at $2.90B, cash generation capacity is weakening — monitor for dividend/buyback sustainability.
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 1 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 1.60x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- NEW: Impairment charge: Impairment charge appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- NEW: Restructuring: Restructuring appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: Free cash flow declined despite stable or rising capex, indicating the cash burn is operational rather than investment-driven. This is a structural concern — cost reduction or asset sales may be needed to restore FCF.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 2 new risk-language term(s) detected in filing text: Impairment charge, Restructuring.
- Ongoing high-severity risk language: Restatement of financial statements.
Revenue
$14.09B
-3.1% YoY
Operating income
$4.52B
-13.8% YoY
Net income
$2.89B
-16.7% YoY
Operating cash flow
$4.61B
-12.1% YoY
Capex
$2.90B
+14.7% YoY
Total assets
$43.68B
+2.1% YoY
Total liabilities
$30.52B
+0.9% YoY
Long-term debt
$9.83B
+6.4% YoY
Filing quality score
70/100
stable
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $14.54B | $14.09B | $-448.0M | -3.1% |
| Operating income | $5.25B | $4.52B | $-724.0M | -13.8% |
| Net income | $3.47B | $2.89B | $-581.0M | -16.7% |
| Operating cash flow | $5.25B | $4.61B | $-634.0M | -12.1% |
| Capex | $2.53B | $2.90B | $373.0M | +14.7% |
| Total assets | $42.76B | $43.68B | $918.0M | +2.1% |
| Total liabilities | $30.26B | $30.52B | $265.0M | +0.9% |
| Long-term debt | $9.24B | $9.83B | $591.0M | +6.4% |
| Cash & equivalents | $933.0M | $670.0M | $-263.0M | -28.2% |
| Stockholders equity | $12.51B | $13.16B | $653.0M | +5.2% |
| Accounts receivable | $1.33B | $1.30B | $-28.0M | -2.1% |
| Interest expense | $579.0M | $546.0M | $-33.0M | -5.7% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Removed | AmortizationOfIntangibleAssets, AssetImpairmentCharges, CapitalExpendituresIncurredButNotYetPaid, CommonStockSharesAuthorized, CommonStockSharesIssued, CommonStockSharesOutstanding, CurrentFederalTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredFederalIncomeTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Restatement of financial statements | high | 1 | 1 | Ongoing |
| Impairment charge | medium | 4 | 0 | NEW |
| Restructuring | medium | 5 | 0 | NEW |
| Off-balance sheet arrangements | medium | 5 | 2 | Ongoing |
| Related party transactions | low | 5 | 2 | Ongoing |
Filing signal breakdown
Red flags: 2
Positive: 1
Watch: 2
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -40Deteriorating
80% conf
Revenue declined +3.1% YoY to $14.09B. 5-year revenue CAGR +2.4%; 10y CAGR +2.7%. Net margin at 20.50% (contracting ▼).
- Revenue declined +3.1% YoY to $14.09B.
- 5-year revenue CAGR +2.4%; 10y CAGR +2.7%.
- Net margin at 20.50% (contracting ▼).
- Return on equity 21.95%, ROA 6.61%, ROIC 34.35%.
- Gross margin 0.00%, operating margin 32.08%.
- Free cash flow margin 12.14% ($1.71B).
- Net income down ▼ +16.7% YoY.
- Debt/equity 1.16, current ratio 0.82, net debt $7.87B.
- Asset turnover 0.32 — capital efficiency.
Revenue (FY)
$14.09B
YoY -3.1%
Net margin
20.50%
▼ 7.55pp
ROE
21.95%
ROA 6.61%
ROIC
34.35%
EPS (diluted)
$1.54
FY2025
Free cash flow
$1.71B
12.14% margin
Debt / equity
1.16
Cash $1.96B
Current ratio
0.82
Equity $8.46B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $14.54B | -0.8% | 0.00 | 36.07 | 23.87 | $2.72B | 27.74 |
| 2025 | $14.09B | -3.1% | 0.00 | 32.08 | 20.50 | $1.71B | 21.95 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 26, 2010 | $2.49B | — | — | 12.24% |
| Jun 25, 2010 | $2.66B | — | +6.9% | 15.55% |
| Sep 24, 2010 | $2.67B | — | +0.1% | 15.53% |
| Apr 1, 2011 | $2.81B | — | +5.4% | 14.06% |
| Jun 30, 2017 | $2.93B | — | +4.4% | 17.39% |
| Jun 30, 2018 | $3.10B | +5.8% | +5.8% | 28.27% |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score -60Deteriorating
95% conf
Market cap $91.53B at $49.41 per share. Trailing P/E 32.08, P/S 6.50, P/B 10.82. EV/Operating income ≈ 21.99 (EV $99.40B).
- Market cap $91.53B at $49.41 per share.
Market cap
$91.53B
1.85B shares
P/E (ttm)
32.08
P/S
6.50
P/B
10.82
EV
$99.40B
Intrinsic (DCF)
$15.89
-67.8% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 15Stable
85% conf
Price $49.41 — uptrend (above 200-DMA); 1-month momentum negative. RSI(14) 40.30.
- Price $49.41 — uptrend (above 200-DMA); 1-month momentum negative.
Price
$49.41
NMS
RSI(14)
40.30
50-DMA
$50.14
200-DMA
$43.16
Volatility (ann.)
22.19%
52w range
$31.80–$53.60
-7.8% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.77%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.77%
10Y−2Y
0.41pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -30Deteriorating
90% conf
Composite risk Elevated. Leverage debt/equity 1.16 (moderate). Liquidity current ratio 0.82 (stretched).
- Composite risk: Elevated.
Risk level
Elevated
Debt / equity
1.16
Current ratio
0.82
Margin stdev
8.86pp
Cash / assets
4.38%
Liab / assets
68.50%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. CSX Corp. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
14.32
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewMarket regime: Risk-on · Supportive..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow CSX stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Intuit Inc. INTU | 35 | Supportive |
| CF Industries CF | 34 | Supportive |
| MercadoLibre Inc. MELI | 29 | Supportive |
| Shopify Inc. SHOP | 27 | Supportive |
| Alphabet Inc. GOOGL | 26 | Supportive |
| Newmont Corp. NEM | 24 | Supportive |
| Booking Holdings BKNG | 24 | Supportive |
| Uber Technologies UBER | 24 | Supportive |
| Salesforce Inc. CRM | 23 | Supportive |
| Meta Platforms Inc. META | 23 | Supportive |
| Okta Inc. OKTA | 18 | Supportive |
| Qualcomm Inc. QCOM | 18 | Supportive |
| Roku Inc. ROKU | 17 | Supportive |
| Netflix Inc. NFLX | 17 | Supportive |
| Comcast Corp. CMCSA | 17 | Supportive |
| Microsoft Corp. MSFT | 16 | Supportive |
| T-Mobile US Inc. TMUS | 16 | Supportive |
| Marvell Technology MRVL | 16 | Supportive |
| Workday Inc. WDAY | 15 | Supportive |
| Adobe Inc. ADBE | 14 | Supportive |
| Pinterest Inc. PINS | 14 | Supportive |
| Datadog Inc. DDOG | 14 | Supportive |
| Airbnb Inc. ABNB | 12 | Supportive |
| Dollar General Corp. DG | 12 | Supportive |
| NVIDIA Corp. NVDA | 11 | Supportive |
| Energy Transfer ET | 8 | Supportive |
| ConocoPhillips COP | 8 | Supportive |
| Oracle Corp. ORCL | 8 | Supportive |
| Spotify Technology SPOT | 8 | Supportive |
| Lam Research Corp. LRCX | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
| Delta Air Lines DAL | 7 | Supportive |
| Valero Energy VLO | 7 | Supportive |
| Ulta Beauty Inc. ULTA | 6 | Supportive |
| ASML Holding NV ASML | 6 | Supportive |
| Exxon Mobil Corp. XOM | 6 | Supportive |
| Amazon.com Inc. AMZN | 5 | Supportive |
| IBM Corp. IBM | 4 | Supportive |
| Eaton Corp. ETN | 4 | Supportive |
| Advanced Micro Devices AMD | 4 | Supportive |
| United Airlines Holdings UAL | 3 | Supportive |
| Chipotle Mexican Grill CMG | 3 | Supportive |
| GE Aerospace GE | 3 | Supportive |
| Snowflake Inc. SNOW | 2 | Supportive |
| Zscaler Inc. ZS | 2 | Supportive |
| Devon Energy DVN | 1 | Supportive |
| Verizon Communications VZ | 1 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| Apple Inc. AAPL | -1 | Supportive |
| Occidental Petroleum OXY | -1 | Supportive |
| General Dynamics GD | -1 | Supportive |
| Honeywell International HON | -1 | Supportive |
| Micron Technology MU | -2 | Supportive |
| ServiceNow Inc. NOW | -3 | Supportive |
| Walt Disney Co. DIS | -3 | Supportive |
| Kinder Morgan KMI | -4 | Supportive |
| General Motors Co. GM | -4 | Supportive |
| Applied Materials Inc. AMAT | -5 | Supportive |
| Alibaba Group BABA | -6 | Supportive |
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| EOG Resources EOG | -7 | Supportive |
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| Linde plc LIN | -13 | Supportive |
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| Palo Alto Networks PANW | -16 | Supportive |
| Broadcom Inc. AVGO | -17 | Supportive |
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| Albemarle Corp. ALB | -25 | Supportive |
| Microchip Technology MCHP | -25 | Supportive |
| Deere & Co. DE | -26 | Supportive |
| Sherwin-Williams SHW | -26 | Supportive |
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| CSX Corp. CSX● you | -27 | Supportive |
| Dow Inc. DOW | -29 | Supportive |
| Marriott International MAR | -30 | Supportive |
| Home Depot Inc. HD | -31 | Supportive |
| Starbucks Corp. SBUX | -32 | Supportive |
| Tesla Inc. TSLA | -40 | Supportive |
| ON Semiconductor Corp. ON | -44 | Supportive |