Operating margin
32.1% Fiscal year 2025
No rank: too few peers or not computed yet.
Operating income divided by revenue: what the core business earns before interest and taxes.
About the company
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
Fact sheet (from the annual report) Railroads (freight) · Jacksonville, USA
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.
Automatically summarized from SEC annual report (10-K, filed Feb 12, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Price performance at a glance
Last 30 trading days
- Today +1.0%
- 7 days +7.2%
- 30 days +9.7%
- 1 year +42.0%
Day range (last trading day)
−0.5%Price at 50% of the range+0.5%
52-week range
−34.5%Price at 89% of the range+4.5%
- Distance from the all-time high
- −4.3%
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.
Gap with volume · Analysis method
Pattern detectedPattern detected on Oct 22, 2026. The pattern applies for at most 15 trading days.
What does the pattern show?
What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.
This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Fundamental analysis
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 marginCSX 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.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet · 1 without data
7 of 7 criteria met
Growth
Revenue and earnings per share
2 of 7 criteria met
Dividend
Level, consistency, coverage · 1 without data
6 of 6 criteria met
Financial strength
Piotroski, debt, liquidity
3 of 6 criteria met
Quality 7 of 7 met · 1 without data
- 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 years 5 of 5
- met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
- met: Equity ratio above 30% 30.1%
Net margin
20.5% Fiscal year 2025
No rank: too few peers or not computed yet.
Profit after all costs, interest and taxes divided by revenue.
Return on equity
22.0% Fiscal year 2025
No rank: too few peers or not computed yet.
Net income divided by equity at fiscal year end.
Return on assets
6.6% Fiscal year 2025 (total assets at year end)
No rank: too few peers or not computed yet.
Net income divided by total assets at fiscal year end.
Equity ratio
30.1% Fiscal year 2025
No rank: too few peers or not computed yet.
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
12.1% Fiscal year 2025
No rank: too few peers or not computed yet.
Free cash flow divided by revenue.
Free cash flow
1.7B USD Fiscal 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 years 2 of 5
- not met: Revenue rose in the last fiscal year −3.1%
Revenue growth 3 years
−1.7% per year
No rank: too few peers or not computed yet.
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+5.9% per year
No rank: too few peers or not computed yet.
Average growth per year over 5 fiscal years.
Revenue growth 10 years
+1.8% per year
No rank: too few peers or not computed yet.
Average growth per year over 10 fiscal years.
EPS growth 3 years
−7.6% per year
No rank: too few peers or not computed yet.
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 5 years
+5.1% per year
No rank: too few peers or not computed yet.
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
+8.7% per year
No rank: too few peers or not computed yet.
Growth of earnings per share per year, adjusted for stock splits.
Dividend 6 of 6 met · 1 without data
- met: Pays a dividend 0.52 USD
- met: Payout ratio at most 60% of earnings 34%
- met: Dividend paid in each of the last 5 fiscal years 5 of 5
- met: Dividend per share never lowered in the last 5 fiscal years Dividend 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 dividend 1.8x
- no data: Dividends paid over the last 5 years covered by free cash flow dividends paid or free cash flow reported for fewer than 3 years
Payout ratio
34% Fiscal year 2025
Dividend per share divided by earnings per share.
Dividend growth 5 years
+8.4% per year
No rank: too few peers or not computed yet.
Growth of the dividend per share per year.
Free cash flow coverage
1.8x Fiscal 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 9 5 of 8 · 1 without data
- not met: Long-term debt no higher than equity 1.38
- not met: Current assets cover current liabilities 0.81
- met: Positive equity 13.2B USD
- met: In 5 years, share count up by at most 5% −18.7%
- met: Free cash flow positive in the last fiscal year 1.7B USD
Piotroski F-Score
5 of 8 Fiscal 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
1.38 at fiscal year end
No rank: too few peers or not computed yet.
Long-term financial debt divided by equity.
Liquidity (current ratio)
0.81 at fiscal year end
No rank: too few peers or not computed yet.
Current assets divided by current liabilities.
Change in share count
−18.7% in 5 years
No rank: too few peers or not computed yet.
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.
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.
- Fiscal year 2016 (Dec 26, 2015 – Dec 30, 2016): Revenue 11.1B USD · Net income 1.7B USD · Net margin 15.5%
- Fiscal year 2017 (Dec 31, 2016 – Dec 31, 2017): Revenue 11.4B USD · Net income 5.5B USD · Net margin 48.0%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 12.3B USD · Net income 3.3B USD · Net margin 27.0%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 11.9B USD · Net income 3.3B USD · Net margin 27.9%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 10.6B USD · Net income 2.8B USD · Net margin 26.1%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 12.5B USD · Net income 3.8B USD · Net margin 30.2%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 14.9B USD · Net income 4.2B USD · Net margin 28.0%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 14.7B USD · Net income 3.7B USD · Net margin 25.3%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 14.5B USD · Net income 3.5B USD · Net margin 23.9%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 14.1B USD · Net income 2.9B USD · Net margin 20.5%
- Quarter 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
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 3.7B USD · Net income 893.0M USD · Net margin 24.3%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 3.7B USD · Net income 963.0M USD · Net margin 26.0%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 3.6B USD · Net income 894.0M USD · Net margin 24.7%
- Quarter 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
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 3.4B USD · Net income 646.0M USD · Net margin 18.9%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 3.6B USD · Net income 829.0M USD · Net margin 23.2%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 3.6B USD · Net income 694.0M USD · Net margin 19.3%
- Quarter 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
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 3.5B USD · Net income 807.0M USD · Net margin 23.2%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 3.9B USD · Net income 1.0B USD · Net margin 25.5%
- Quarter Q3/26 (Jul 1, 2026 – Sep 30, 2026): Revenue 4.0B USD · Net income 1.1B USD · Net margin 26.2%
- Fiscal year 2016 (Dec 26, 2015 – Dec 30, 2016): Earnings per share 0.60 USD (adjusted for split 3:1)
- Fiscal year 2017 (Dec 31, 2016 – Dec 31, 2017): Earnings per share 2.00 USD (adjusted for split 3:1)
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 1.28 USD (adjusted for split 3:1)
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 1.39 USD (adjusted for split 3:1)
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share 1.20 USD (adjusted for split 3:1)
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 1.68 USD
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 1.95 USD
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 1.85 USD
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 1.79 USD
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 1.54 USD
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share 0.45 USD
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 0.46 USD
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 0.49 USD
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share 0.46 USD
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share not reported separately for Q4
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share 0.34 USD
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share 0.44 USD
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share 0.37 USD
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 0.43 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 0.54 USD
- Quarter Q3/26 (Jul 1, 2026 – Sep 30, 2026): Earnings per share 0.57 USD
- Fiscal year 2016 (Dec 26, 2015 – Dec 30, 2016): Dividend per share 0.24 USD · Payout ratio 39.8%
- Fiscal year 2017 (Dec 31, 2016 – Dec 31, 2017): Dividend per share 0.26 USD · Payout ratio 13.0%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 0.29 USD · Payout ratio 22.9%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 0.32 USD · Payout ratio 23.0%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 0.35 USD · Payout ratio 28.9%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 0.37 USD · Payout ratio 22.0%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 0.40 USD · Payout ratio 20.5%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 0.44 USD · Payout ratio 23.8%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 0.48 USD · Payout ratio 26.8%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 0.52 USD · Payout ratio 33.8%
- Quarter 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
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.12 USD · Payout ratio 26.1%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.12 USD · Payout ratio 24.5%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.12 USD · Payout ratio 26.1%
- Quarter 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
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 0.13 USD · Payout ratio 38.2%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 0.13 USD · Payout ratio 29.5%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 0.13 USD · Payout ratio 35.1%
- Quarter 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
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 0.14 USD · Payout ratio 32.6%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 0.14 USD · Payout ratio 25.9%
- Quarter Q3/26 (Jul 1, 2026 – Sep 30, 2026): Dividend per share 0.14 USD · Payout ratio 24.6%
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.
Money flow as a table
| 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% |
| Taxes, interest & other | 1.6B USD | 11.6% |
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- Fiscal year 2016: Operating margin 30.6% · Net margin 15.5%
- Fiscal year 2017: Operating margin 32.1% · Net margin 48.0%
- Fiscal year 2018: Operating margin 39.7% · Net margin 27.0%
- Fiscal year 2019: Operating margin 41.6% · Net margin 27.9%
- Fiscal year 2020: Operating margin 41.2% · Net margin 26.1%
- Fiscal year 2021: Operating margin 44.7% · Net margin 30.2%
- Fiscal year 2022: Operating margin 40.6% · Net margin 28.0%
- Fiscal year 2023: Operating margin 37.9% · Net margin 25.3%
- Fiscal year 2024: Operating margin 36.1% · Net margin 23.9%
- Fiscal 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- Fiscal year 2016: Return on equity 14.7% · Return on assets 4.8%
- Fiscal year 2017: Return on equity 37.2% · Return on assets 15.3%
- Fiscal year 2018: Return on equity 26.3% · Return on assets 9.0%
- Fiscal year 2019: Return on equity 28.1% · Return on assets 8.7%
- Fiscal year 2020: Return on equity 21.1% · Return on assets 6.9%
- Fiscal year 2021: Return on equity 28.0% · Return on assets 9.3%
- Fiscal year 2022: Return on equity 33.0% · Return on assets 9.9%
- Fiscal year 2023: Return on equity 30.6% · Return on assets 8.8%
- Fiscal year 2024: Return on equity 27.7% · Return on assets 8.1%
- Fiscal 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 debt in USD Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2016: Equity 11.7B USD · Long-term debt 11.0B USD
- Fiscal year 2017: Equity 14.7B USD · Long-term debt 11.8B USD
- Fiscal year 2018: Equity 12.6B USD · Long-term debt 14.7B USD
- Fiscal year 2019: Equity 11.9B USD · Long-term debt 16.0B USD
- Fiscal year 2020: Equity 13.1B USD · Long-term debt 16.3B USD
- Fiscal year 2021: Equity 13.5B USD · Long-term debt 16.2B USD
- Fiscal year 2022: Equity 12.6B USD · Long-term debt 17.9B USD
- Fiscal year 2023: Equity 12.1B USD · Long-term debt 18.0B USD
- Fiscal year 2024: Equity 12.5B USD · Long-term debt 17.9B USD
- Fiscal year 2025: Equity 13.2B USD · Long-term debt 18.2B USD
Liquidity (current ratio)
The current ratio fell in 5 years from 2.20 to 0.81.
Current ratio- Fiscal year 2016: Current ratio 1.22
- Fiscal year 2017: Current ratio 1.01
- Fiscal year 2018: Current ratio 1.34
- Fiscal year 2019: Current ratio 1.52
- Fiscal year 2020: Current ratio 2.20
- Fiscal year 2021: Current ratio 1.73
- Fiscal year 2022: Current ratio 1.56
- Fiscal year 2023: Current ratio 1.05
- Fiscal year 2024: Current ratio 0.86
- Fiscal year 2025: Current ratio 0.81
Cash flow
Free cash flow fell in 5 years from 2.6B USD to 1.7B USD.
Operating cash flowCapital expenditureFree cash flow in USD- Fiscal year 2016: Operating cash flow 3.0B USD · Capital expenditure 2.4B USD · Free cash flow 643.0M USD
- Fiscal year 2017: Operating cash flow 3.5B USD · Capital expenditure 2.0B USD · Free cash flow 1.4B USD
- Fiscal year 2018: Operating cash flow 4.6B USD · Capital expenditure 1.7B USD · Free cash flow 2.9B USD
- Fiscal year 2019: Operating cash flow 4.9B USD · Capital expenditure 1.7B USD · Free cash flow 3.2B USD
- Fiscal year 2020: Operating cash flow 4.3B USD · Capital expenditure 1.6B USD · Free cash flow 2.6B USD
- Fiscal year 2021: Operating cash flow 5.1B USD · Capital expenditure 1.8B USD · Free cash flow 3.3B USD
- Fiscal year 2022: Operating cash flow 5.6B USD · Capital expenditure 2.1B USD · Free cash flow 3.5B USD
- Fiscal year 2023: Operating cash flow 5.5B USD · Capital expenditure 2.3B USD · Free cash flow 3.3B USD
- Fiscal year 2024: Operating cash flow 5.2B USD · Capital expenditure 2.5B USD · Free cash flow 2.7B USD
- Fiscal 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- Fiscal year 2016: Diluted share count 2.8B
- Fiscal year 2017: Diluted share count 2.7B
- Fiscal year 2018: Diluted share count 2.6B
- Fiscal year 2019: Diluted share count 2.4B
- Fiscal year 2020: Diluted share count 2.3B
- Fiscal year 2021: Diluted share count 2.3B
- Fiscal year 2022: Diluted share count 2.1B
- Fiscal year 2023: Diluted share count 2.0B
- Fiscal year 2024: Diluted share count 1.9B
- Fiscal 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
- 0.52 USD · 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 10 as far as the data goes
- Payout ratio
- of earnings 34% of free cash flow –
- 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 share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.- Fiscal year 2016: Dividend per share 0.24 USD
- Fiscal year 2017: Dividend per share 0.26 USD
- Fiscal year 2018: Dividend per share 0.29 USD
- Fiscal year 2019: Dividend per share 0.32 USD
- Fiscal year 2020: Dividend per share 0.35 USD
- Fiscal year 2021: Dividend per share 0.37 USD
- Fiscal year 2022: Dividend per share 0.40 USD
- Fiscal year 2023: Dividend per share 0.44 USD
- Fiscal year 2024: Dividend per share 0.48 USD
- Fiscal 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)- Fiscal year 2016: Payout ratio (earnings) 39.8%
- Fiscal year 2017: Payout ratio (earnings) 13.0%
- Fiscal year 2018: Payout ratio (earnings) 22.9%
- Fiscal year 2019: Payout ratio (earnings) 23.0%
- Fiscal year 2020: Payout ratio (earnings) 28.9%
- Fiscal year 2021: Payout ratio (earnings) 22.0%
- Fiscal year 2022: Payout ratio (earnings) 20.5%
- Fiscal year 2023: Payout ratio (earnings) 23.8%
- Fiscal year 2024: Payout ratio (earnings) 26.8%
- Fiscal year 2025: Payout ratio (earnings) 33.8%
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
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+5.9% per year, last 5 years
Sector Industrials: median +8.0% (81 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+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.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin20.5% last fiscal year
Sector Industrials: median 11.1% (88 symbols)
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 growth1.19 latest balance sheet
Sector Industrials: median 0.59 (67 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 (0.59). 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 growth34% 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 margin10 of 10 fiscal 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).
All figures as a table
| 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% |
| 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| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $00 people | $0 |
| 6 months | $00 people | $9.1M4 people | −$9.1M |
| 12 months | $1.0M1 person | $16.6M6 people | −$15.6M |
Latest transactions
- Jul 24, 2026 Williams Angela C Officer Open-market sale 30,000 shares · $1.6M · SEC
- Jul 24, 2026 Burns Michael S. Officer Open-market sale 13,000 shares · $684.8K · SEC
- Jun 3, 2026 Boone Kevin S. Chief financial officer (CFO) Open-market sale 136,708 shares · $6.4M · SEC
- Jun 3, 2026 Zillmer John J Director Open-market sale 10,000 shares · $464.5K · SEC
- Mar 6, 2026 Angel Stephen F Chief executive (CEO), Director Open-market purchase 25,000 shares · $1.0M · SEC
- Feb 19, 2026 Sorfleet Diana B Officer Open-market sale 90,000 shares · $3.7M · SEC
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.
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