CSX is one of the major US freight railroads, based in Florida. Its network spans the eastern US. It transports containers, chemicals, coal, cars, agricultural products and building materials, among other goods. As of Oct 11, 2026
As of Oct 11, 2026Fact sheet (from the annual report)Railroads (freight) · Jacksonville, USAfull fact sheet
CSX, based in Jacksonville, provides rail freight transport, including traditional carload shipments as well as containers and trailers in intermodal transport. The railroad subsidiary serves metropolitan areas east of the Mississippi as well as parts of Canada and reaches ports on the Atlantic and Gulf coasts. Its main lines of business are merchandise carloads, intermodal, coal and trucking. The group’s customers include manufacturers, industrial companies, the automotive industry, construction companies, farmers, retail and energy producers. One subsidiary transports liquid chemicals by truck, and another transfers goods from rail to truck for customers without a rail siding.
Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
52-week-high breakout · Analysis method
This method currently detects no pattern for CSX. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What does the pattern show?
What is this? The price closes above the highest high of the last 52 weeks for the first time, on clearly higher volume. New 52-week highs are seen as a sign of strength.
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
CSX Corporation · Sector Industrials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 12, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
–no data: Gross margin above 40%not stated in the SEC filings
✓met: Operating margin above 15%32.1%
✓met: Net margin above 10%20.5%
✓met: Return on equity above 15%22.0%
✓met: Free cash flow margin above 10%12.1%
✓met: Profit in each of the last 5 fiscal years5 of 5
✓met: Free cash flow positive in each of the last 3 fiscal years3 of 3
✓met: Equity ratio above 30%30.1%
Operating margin
32.1%Fiscal year 2025
All81strong
Rank 81 of 100: higher than 81% of 192 peers (All). strong.
Sector95strong
Rank 95 of 100: higher than 95% of 28 peers (Sector). strong.
Median Industrials: 10.4%
Operating income divided by revenue: what the core business earns before interest and taxes.
Net margin
20.5%Fiscal year 2025
All67strong
Rank 67 of 100: higher than 67% of 237 peers (All). strong.
Sector93strong
Rank 93 of 100: higher than 93% of 34 peers (Sector). strong.
Median Industrials: 12.9%
Profit after all costs, interest and taxes divided by revenue.
Return on equity
22.0%Fiscal year 2025
All60medium
Rank 60 of 100: higher than 60% of 218 peers (All). medium.
Sector39medium
Rank 39 of 100: higher than 39% of 32 peers (Sector). medium.
Median Industrials: 26.3%
Net income divided by equity at fiscal year end.
Return on assets
6.6%Fiscal year 2025 (total assets at year end)
All55medium
Rank 55 of 100: higher than 55% of 238 peers (All). medium.
Sector40medium
Rank 40 of 100: higher than 40% of 34 peers (Sector). medium.
Median Industrials: 7.5%
Net income divided by total assets at fiscal year end.
Equity ratio
30.1%Fiscal year 2025
All43medium
Rank 43 of 100: higher than 43% of 239 peers (All). medium.
Sector46medium
Rank 46 of 100: higher than 46% of 34 peers (Sector). medium.
Median Industrials: 33.2%
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
12.1%Fiscal year 2025
All46medium
Rank 46 of 100: higher than 46% of 213 peers (All). medium.
Sector55medium
Rank 55 of 100: higher than 55% of 32 peers (Sector). medium.
Median Industrials: 10.5%
Free cash flow divided by revenue.
Free cash flow
1.7B USDFiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 2 of 7 met
✗not met: Over 3 years, revenue grew by more than 5% per year−1.7%
✓met: Over 5 years, revenue grew by more than 5% per year+5.9%
✗not met: Over 10 years, revenue grew by more than 5% per year+1.8%
✗not met: Over 3 years, EPS grew by more than 5% per year−7.6%
✓met: Over 5 years, EPS grew by more than 5% per year+5.1%
✗not met: Revenue rose in at least 4 of the last 5 fiscal years2 of 5
✗not met: Revenue rose in the last fiscal year−3.1%
Revenue growth 3 years
−1.7%per year
All14weak
Rank 14 of 100: higher than 14% of 230 peers (All). weak.
Sector20weak
Rank 20 of 100: higher than 20% of 32 peers (Sector). weak.
Median Industrials: +8.5%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+5.9%per year
All23weak
Rank 23 of 100: higher than 23% of 217 peers (All). weak.
Sector32weak
Rank 32 of 100: higher than 32% of 30 peers (Sector). weak.
Median Industrials: +9.2%
Average growth per year over 5 fiscal years.
Revenue growth 10 years
+1.8%per year
All15weak
Rank 15 of 100: higher than 15% of 157 peers (All). weak.
Sector31weak
Rank 31 of 100: higher than 31% of 21 peers (Sector). weak.
Median Industrials: +4.5%
Average growth per year over 10 fiscal years.
EPS growth 3 years
−7.6%per year
All17weak
Rank 17 of 100: higher than 17% of 157 peers (All). weak.
Sector15weak
Rank 15 of 100: higher than 15% of 23 peers (Sector). weak.
Median Industrials: +10.7%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 5 years
+5.1%per year
All22weak
Rank 22 of 100: higher than 22% of 146 peers (All). weak.
Sector17weak
Rank 17 of 100: higher than 17% of 21 peers (Sector). weak.
Median Industrials: +13.7%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
+8.7%per year
All45medium
Rank 45 of 100: higher than 45% of 140 peers (All). medium.
Sector55medium
Rank 55 of 100: higher than 55% of 21 peers (Sector). medium.
Median Industrials: +8.1%
Growth of earnings per share per year, adjusted for stock splits.
Dividend 7 of 7 met
✓met: Pays a dividend0.52 USD
✓met: Payout ratio at most 60% of earnings34%
✓met: Dividend paid in each of the last 5 fiscal years5 of 5
✓met: Dividend per share never lowered in the last 5 fiscal yearsDividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut.never
✓met: Dividend per share higher than 5 years ago+8.4%
✓met: Free cash flow per share covers the dividend1.8x
✓met: Dividends paid over the last 5 years covered by free cash flow31% of free cash flow
Payout ratio
34%Fiscal year 2025
Dividend per share divided by earnings per share.
Dividend growth 5 years
+8.4%per year
All48medium
Rank 48 of 100: higher than 48% of 118 peers (All). medium.
Sector58medium
Rank 58 of 100: higher than 58% of 20 peers (Sector). medium.
Median Industrials: +7.7%
Growth of the dividend per share per year.
Free cash flow coverage
1.8xFiscal year 2025
Free cash flow per share divided by dividend per share. From 1x the dividend is covered.
Financial strength 3 of 6 met
✗not met: Piotroski F-Score at least 7 of 95 of 8 · 1 without data
✗not met: Long-term debt no higher than equity1.38
✗not met: Current assets cover current liabilities0.81
✓met: Positive equity13.2B USD
✓met: In 5 years, share count up by at most 5%−18.7%
✓met: Free cash flow positive in the last fiscal year1.7B USD
Piotroski F-Score
5 of 8Fiscal year 2025
No rank: not all 9 criteria have data.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
1.38at fiscal year end
All23weak
Rank 23 of 100: lower than 23% of 199 peers (All). weak.
Sector30weak
Rank 30 of 100: lower than 30% of 32 peers (Sector). weak.
Median Industrials: 0.62
Long-term financial debt divided by equity.
Liquidity (current ratio)
0.81at fiscal year end
All10weak
Rank 10 of 100: higher than 10% of 215 peers (All). weak.
Sector8weak
Rank 8 of 100: higher than 8% of 33 peers (Sector). weak.
Median Industrials: 1.22
Current assets divided by current liabilities.
Change in share count
−18.7%in 5 years
All94strong
Rank 94 of 100: lower than 94% of 199 peers (All). strong.
Sector98strong
Rank 98 of 100: lower than 98% of 29 peers (Sector). strong.
Median Industrials: −5.4%
Change in diluted share count. Negative = share buybacks, positive = new shares.
The 9 criteria of the Piotroski F-Score
✓met: Profit in the last fiscal year (positive return on assets)
✓met: Positive operating cash flow
✗not met: Return on assets higher than the prior year
✓met: Operating cash flow higher than net income
✓met: Long-term debt relative to total assets fell
✗not met: Liquidity (current assets / current liabilities) rose
✓met: No additional shares (diluted share count did not rise)
–no data: Gross margin higher than the prior year
✗not met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
Light yellow: Revenue grew over 5 years (+5.9% per year), more slowly than the sector median.
Light yellow: Net income (total) grew over 5 years (+0.9% per year), more slowly than the sector median; per share +5.1% per year.
Light green: Net margin 20.5%, above the sector median (11.1%).
Light red: Debt much higher than usual in the sector.
Light green: Profit in each of the last 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
05B10B15B
2016Fiscal year 2016 (Dec 26, 2015 – Dec 30, 2016): Revenue 11.1B USD · Net income 1.7B USD · Net margin 15.5%
2017Fiscal year 2017 (Dec 31, 2016 – Dec 31, 2017): Revenue 11.4B USD · Net income 5.5B USD · Net margin 48.0%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 12.3B USD · Net income 3.3B USD · Net margin 27.0%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 11.9B USD · Net income 3.3B USD · Net margin 27.9%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 10.6B USD · Net income 2.8B USD · Net margin 26.1%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 12.5B USD · Net income 3.8B USD · Net margin 30.2%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 14.9B USD · Net income 4.2B USD · Net margin 28.0%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 14.7B USD · Net income 3.7B USD · Net margin 25.3%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 14.5B USD · Net income 3.5B USD · Net margin 23.9%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 14.1B USD · Net income 2.9B USD · Net margin 20.5%
Margin
15%48%27%28%26%30%28%25%24%21%
RevenueNet incomeNet margin (below)in USD
02B4B6B
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 3.7B USD · Net income 882.0M USD · Net margin 24.0% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 3.7B USD · Net income 893.0M USD · Net margin 24.3%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 3.7B USD · Net income 963.0M USD · Net margin 26.0%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 3.6B USD · Net income 894.0M USD · Net margin 24.7%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 3.5B USD · Net income 733.0M USD · Net margin 20.7% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 3.4B USD · Net income 646.0M USD · Net margin 18.9%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 3.6B USD · Net income 829.0M USD · Net margin 23.2%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 3.6B USD · Net income 694.0M USD · Net margin 19.3%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 3.5B USD · Net income 720.0M USD · Net margin 20.5% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 3.5B USD · Net income 807.0M USD · Net margin 23.2%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 3.9B USD · Net income 1.0B USD · Net margin 25.5%
Q3/26Quarter Q3/26 (Jul 1, 2026 – Sep 30, 2026): Revenue 4.0B USD · Net income 1.1B USD · Net margin 26.2%
Margin
24%24%26%25%21%19%23%19%21%23%25%26%
Earnings per shareUSD per share
00.501.001.502.00
2016Fiscal year 2016 (Dec 26, 2015 – Dec 30, 2016): Earnings per share 0.60 USD (adjusted for split 3:1)
2017Fiscal year 2017 (Dec 31, 2016 – Dec 31, 2017): Earnings per share 2.00 USD (adjusted for split 3:1)
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 1.28 USD (adjusted for split 3:1)
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 1.39 USD (adjusted for split 3:1)
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 1.20 USD (adjusted for split 3:1)
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 1.68 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 1.95 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 1.85 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 1.79 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 1.54 USD
Earnings per shareUSD per share
00.200.400.60
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share 0.45 USD
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 0.46 USD
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 0.49 USD
Dividend per sharePayout ratio (below)USD per share
00.200.400.60
2016Fiscal year 2016 (Dec 26, 2015 – Dec 30, 2016): Dividend per share 0.24 USD · Payout ratio 39.8%
2017Fiscal year 2017 (Dec 31, 2016 – Dec 31, 2017): Dividend per share 0.26 USD · Payout ratio 13.0%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 0.29 USD · Payout ratio 22.9%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 0.32 USD · Payout ratio 23.0%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 0.35 USD · Payout ratio 28.9%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 0.37 USD · Payout ratio 22.0%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 0.40 USD · Payout ratio 20.5%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 0.44 USD · Payout ratio 23.8%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 0.48 USD · Payout ratio 26.8%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 0.52 USD · Payout ratio 33.8%
Ratio
40%13%23%23%29%22%21%24%27%34%
Dividend per sharePayout ratio (below)USD per share
00.050.100.15
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share not available · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.12 USD · Payout ratio 26.1%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.12 USD · Payout ratio 24.5%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.12 USD · Payout ratio 26.1%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share not available · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 0.13 USD · Payout ratio 38.2%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 0.13 USD · Payout ratio 29.5%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 0.13 USD · Payout ratio 35.1%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share not available · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 0.14 USD · Payout ratio 32.6%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 0.14 USD · Payout ratio 25.9%
Q3/26Quarter Q3/26 (Jul 1, 2026 – Sep 30, 2026): Dividend per share 0.14 USD · Payout ratio 24.6%
Ratio
26%24%26%38%30%35%33%26%25%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 14.1B USD · Net income 2.9B USD · Net margin 20.5%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 32.1 USD operating income and 20.5 USD net income remained.
Revenue14.1B USD · 100%Operating income4.5B USD · 32%Cost of revenue and operating expenses9.6B USD · 68%Net income2.9B USD · 21%Interest expense844.0M USD · 6%Taxes & other (net)788.0M USD · 6%
Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
Item
Amount
of revenue
Revenue
14.1B USD
100.0%
Operating income
4.5B USD
32.1%
Cost of revenue and operating expenses
9.6B USD
67.9%
Net income
2.9B USD
20.5%
Interest expense
844.0M USD
6.0%
Taxes & other (net)
788.0M USD
5.6%
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The operating margin fell in 5 years from 41.2% to 32.1%.
Operating marginNet margin
0%20%40%60%
2016Fiscal year 2016: Operating margin 30.6% · Net margin 15.5%
2017Fiscal year 2017: Operating margin 32.1% · Net margin 48.0%
2018Fiscal year 2018: Operating margin 39.7% · Net margin 27.0%
2019Fiscal year 2019: Operating margin 41.6% · Net margin 27.9%
2020Fiscal year 2020: Operating margin 41.2% · Net margin 26.1%
2021Fiscal year 2021: Operating margin 44.7% · Net margin 30.2%
2022Fiscal year 2022: Operating margin 40.6% · Net margin 28.0%
2023Fiscal year 2023: Operating margin 37.9% · Net margin 25.3%
2024Fiscal year 2024: Operating margin 36.1% · Net margin 23.9%
2025Fiscal year 2025: Operating margin 32.1% · Net margin 20.5%
Returns
Return on equity stayed roughly the same in 5 years (22.0%).
Return on equityReturn on assets
0%10%20%30%40%
2016Fiscal year 2016: Return on equity 14.7% · Return on assets 4.8%
2017Fiscal year 2017: Return on equity 37.2% · Return on assets 15.3%
2018Fiscal year 2018: Return on equity 26.3% · Return on assets 9.0%
2019Fiscal year 2019: Return on equity 28.1% · Return on assets 8.7%
2020Fiscal year 2020: Return on equity 21.1% · Return on assets 6.9%
2021Fiscal year 2021: Return on equity 28.0% · Return on assets 9.3%
2022Fiscal year 2022: Return on equity 33.0% · Return on assets 9.9%
2023Fiscal year 2023: Return on equity 30.6% · Return on assets 8.8%
2024Fiscal year 2024: Return on equity 27.7% · Return on assets 8.1%
2025Fiscal year 2025: Return on equity 22.0% · Return on assets 6.6%
Equity and long-term debt
The equity ratio fell in 5 years from 32.9% to 30.1%.
EquityLong-term debtin USDLong-term debt, depending on the filing, includes the current portion or leases.
2016Fiscal year 2016: Operating cash flow 3.0B USD · Capital expenditure 2.4B USD · Free cash flow 643.0M USD
2017Fiscal year 2017: Operating cash flow 3.5B USD · Capital expenditure 2.0B USD · Free cash flow 1.4B USD
2018Fiscal year 2018: Operating cash flow 4.6B USD · Capital expenditure 1.7B USD · Free cash flow 2.9B USD
2019Fiscal year 2019: Operating cash flow 4.9B USD · Capital expenditure 1.7B USD · Free cash flow 3.2B USD
2020Fiscal year 2020: Operating cash flow 4.3B USD · Capital expenditure 1.6B USD · Free cash flow 2.6B USD
2021Fiscal year 2021: Operating cash flow 5.1B USD · Capital expenditure 1.8B USD · Free cash flow 3.3B USD
2022Fiscal year 2022: Operating cash flow 5.6B USD · Capital expenditure 2.1B USD · Free cash flow 3.5B USD
2023Fiscal year 2023: Operating cash flow 5.5B USD · Capital expenditure 2.3B USD · Free cash flow 3.3B USD
2024Fiscal year 2024: Operating cash flow 5.2B USD · Capital expenditure 2.5B USD · Free cash flow 2.7B USD
2025Fiscal year 2025: Operating cash flow 4.6B USD · Capital expenditure 2.9B USD · Free cash flow 1.7B USD
Share count
The share count fell in 5 years by 18.7% (mostly through share repurchases).
Diluted share count
01B2B3B
2016Fiscal year 2016: Diluted share count 2.8B
2017Fiscal year 2017: Diluted share count 2.7B
2018Fiscal year 2018: Diluted share count 2.6B
2019Fiscal year 2019: Diluted share count 2.4B
2020Fiscal year 2020: Diluted share count 2.3B
2021Fiscal year 2021: Diluted share count 2.3B
2022Fiscal year 2022: Diluted share count 2.1B
2023Fiscal year 2023: Diluted share count 2.0B
2024Fiscal year 2024: Diluted share count 1.9B
2025Fiscal year 2025: Diluted share count 1.9B
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
Dividend per share
0.52USD · Fiscal year 2025
Dividend growth per year
3 y+9.1%5 y+8.4%10 y+8.3%
Years without a cut
at least 10as far as the data goes
Payout ratio
of earnings34%of free cash flow57%
To shareholders (5 years)
19.2B USD77% through repurchases
Share count over 5 years
−18.7%fewer shares – each share is a larger stake
Dividend per share
The dividend per share rose in 5 years from 0.35 USD to 0.52 USD.
Dividend per shareUSD per sharePer share as filed with the SEC, including special dividends; obvious filing errors are hidden.
00.200.400.60
2016Fiscal year 2016: Dividend per share 0.24 USD
2017Fiscal year 2017: Dividend per share 0.26 USD
2018Fiscal year 2018: Dividend per share 0.29 USD
2019Fiscal year 2019: Dividend per share 0.32 USD
2020Fiscal year 2020: Dividend per share 0.35 USD
2021Fiscal year 2021: Dividend per share 0.37 USD
2022Fiscal year 2022: Dividend per share 0.40 USD
2023Fiscal year 2023: Dividend per share 0.44 USD
2024Fiscal year 2024: Dividend per share 0.48 USD
2025Fiscal year 2025: Dividend per share 0.52 USD
Payout ratios
The payout ratio rose in 5 years from 28.9% to 33.8%.
Payout ratio (earnings)Payout ratio (free cash flow)
0%50%100%150%
2016Fiscal year 2016: Payout ratio (earnings) 39.8% · Payout ratio (free cash flow) 105.8%
2017Fiscal year 2017: Payout ratio (earnings) 13.0% · Payout ratio (free cash flow) 49.4%
2018Fiscal year 2018: Payout ratio (earnings) 22.9% · Payout ratio (free cash flow) 25.9%
2019Fiscal year 2019: Payout ratio (earnings) 23.0% · Payout ratio (free cash flow) 23.9%
2020Fiscal year 2020: Payout ratio (earnings) 28.9% · Payout ratio (free cash flow) 30.2%
2021Fiscal year 2021: Payout ratio (earnings) 22.0% · Payout ratio (free cash flow) 25.4%
2022Fiscal year 2022: Payout ratio (earnings) 20.5% · Payout ratio (free cash flow) 24.4%
2023Fiscal year 2023: Payout ratio (earnings) 23.8% · Payout ratio (free cash flow) 27.0%
2024Fiscal year 2024: Payout ratio (earnings) 26.8% · Payout ratio (free cash flow) 34.2%
2025Fiscal year 2025: Payout ratio (earnings) 33.8% · Payout ratio (free cash flow) 56.8%
What goes back to shareholders
Over 5 years, 19.2B USD went back to shareholders, 77% of it through share repurchases. That is 133% of the free cash flow of those years.
2016Fiscal year 2016: Dividends paid 680.0M USD · Share repurchases 1.1B USD · New shares issued (including employee plans) not available · Free cash flow 643.0M USD
2017Fiscal year 2017: Dividends paid 708.0M USD · Share repurchases 2.0B USD · New shares issued (including employee plans) not available · Free cash flow 1.4B USD
2018Fiscal year 2018: Dividends paid 751.0M USD · Share repurchases 4.7B USD · New shares issued (including employee plans) not available · Free cash flow 2.9B USD
2019Fiscal year 2019: Dividends paid 763.0M USD · Share repurchases 3.4B USD · New shares issued (including employee plans) not available · Free cash flow 3.2B USD
2020Fiscal year 2020: Dividends paid 797.0M USD · Share repurchases 867.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.6B USD
2021Fiscal year 2021: Dividends paid 839.0M USD · Share repurchases 2.9B USD · New shares issued (including employee plans) not available · Free cash flow 3.3B USD
2022Fiscal year 2022: Dividends paid 852.0M USD · Share repurchases 4.7B USD · New shares issued (including employee plans) not available · Free cash flow 3.5B USD
2023Fiscal year 2023: Dividends paid 882.0M USD · Share repurchases 3.5B USD · New shares issued (including employee plans) not available · Free cash flow 3.3B USD
2024Fiscal year 2024: Dividends paid 930.0M USD · Share repurchases 2.2B USD · New shares issued (including employee plans) not available · Free cash flow 2.7B USD
2025Fiscal year 2025: Dividends paid 972.0M USD · Share repurchases 1.4B USD · New shares issued (including employee plans) not available · Free cash flow 1.7B USD
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.Log in
Sector comparison
CSX Corporation next to 8 stocks of the sector Industrials we cover that are closest in revenue. Click a column header to sort the table.
Sector comparison CSX, sector Industrials; last row: sector median
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+5.9%per year, last 5 years
Sector Industrials: median +8.0% (82 symbols)
What does this mean? Revenue: over 5 years it grew by 5.9% per year on average, but more slowly than the median company in the sector (+8.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light yellow: below sector
+0.9%per year, last 5 years
Sector Industrials: median +10.0% (66 symbols)
per share: +5.1% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 0.9% per year on average, but more slowly than the median company in the sector (+10.0%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 20.50 USD remained as profit – at least as much as the median company in the sector (11.1%). Five years ago the margin was 26.1%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light red: much higher
1.19latest balance sheet
Sector Industrials: median 0.58 (77 symbols)
What does this mean? For every 1 USD of equity there is 1.19 USD of financial debt – more than twice as much as the median company in the sector (0.58). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light green: covered
34%Dividend / earnings per share
Sector Industrials: median 35% (65 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.34 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 35%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light green: profit every year
10 of 10fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
14.1B USD
Revenue vs. prior year
−3.1%
Net income (FY)
2.9B USD
Net income vs. prior year
−16.7%
EPS (FY)
1.54 USD
13F funds with a position
1 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
−20.1%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 12, 2026 · Balance sheet Sep 30, 2026 (filed Oct 21, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
14.1B
2.9B
20.5%
1.54
0.52
34%
2024
Dec 31, 2024
14.5B
3.5B
23.9%
1.79
0.48
27%
2023
Dec 31, 2023
14.7B
3.7B
25.3%
1.85
0.44
24%
2022
Dec 31, 2022
14.9B
4.2B
28.0%
1.95
0.40
21%
2021
Dec 31, 2021
12.5B
3.8B
30.2%
1.68
0.37
22%
2020
Dec 31, 2020
10.6B
2.8B
26.1%
1.20
0.35
29%
2019
Dec 31, 2019
11.9B
3.3B
27.9%
1.39
0.32
23%
2018
Dec 31, 2018
12.3B
3.3B
27.0%
1.28
0.29
23%
2017
Dec 31, 2017
11.4B
5.5B
48.0%
2.00
0.26
13%
2016
Dec 30, 2016
11.1B
1.7B
15.5%
0.60
0.24
40%
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q3/26
Sep 30, 2026
4.0B
1.1B
26.2%
0.57
0.14
25%
Q2/26
Jun 30, 2026
3.9B
1.0B
25.5%
0.54
0.14
26%
Q1/26
Mar 31, 2026
3.5B
807.0M
23.2%
0.43
0.14
33%
Q4/25*
Dec 31, 2025
3.5B
720.0M
20.5%
–
–
–
Q3/25
Sep 30, 2025
3.6B
694.0M
19.3%
0.37
0.13
35%
Q2/25
Jun 30, 2025
3.6B
829.0M
23.2%
0.44
0.13
30%
Q1/25
Mar 31, 2025
3.4B
646.0M
18.9%
0.34
0.13
38%
Q4/24*
Dec 31, 2024
3.5B
733.0M
20.7%
–
–
–
Q3/24
Sep 30, 2024
3.6B
894.0M
24.7%
0.46
0.12
26%
Q2/24
Jun 30, 2024
3.7B
963.0M
26.0%
0.49
0.12
24%
Q1/24
Mar 31, 2024
3.7B
893.0M
24.3%
0.46
0.12
26%
Q4/23*
Dec 31, 2023
3.7B
882.0M
24.0%
0.45
–
–
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Per-share values adjusted for stock split Stock splitA company divides each share into several new ones; the value of the company stays the same. We convert per-share values from before the split to today’s scale.Example: Split 4 : 1, earnings per share before $11.89 → comparable today $2.97.More in the Academy: Lesson revenue, profit and margin 3:1 (between Apr 21, 2021 and Jul 22, 2021). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +45
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows+10
Relative strength-15
Volatility and trend strength
ADX 14 (trend strength)20.8
Rel. strength 60 d−0.6%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.