CSX Corporation income statement & cash flow
In the fiscal year ended Dec 31, 2025, CSX Corporation reported net income of $2.89B on revenue of $14.09B. Operating cash flow was $4.61B and capital expenditures were $2.90B, leaving $1.71B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.07B | $11.41B | $12.25B | $11.94B | $10.58B | $12.52B | $14.85B | $14.66B | $14.54B | $14.09B |
| Operating income | $3.41B | $3.72B | $4.87B | $4.96B | $4.36B | $5.59B | $5.95B | $5.50B | $5.25B | $4.52B |
| Net income | $1.71B | $5.47B | $3.31B | $3.33B | $2.77B | $3.78B | $4.11B | $3.67B | $3.47B | $2.89B |
| Diluted EPS | $1.81 | $5.99 | $3.84 | $1.39 | $1.20 | $1.68 | $1.92 | $1.82 | $1.79 | $1.54 |
| Operating cash flow | $3.04B | $3.47B | $4.64B | $4.85B | $4.26B | $5.10B | $5.53B | $5.51B | $5.25B | $4.61B |
| Capital expenditures | $2.40B | $2.04B | $1.75B | $1.66B | $1.63B | $1.79B | $2.11B | $2.26B | $2.53B | $2.90B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 32.1% | 20.5% |
| Dec 2024 | — | 36.1% | 23.9% |
| Dec 2023 | — | 37.5% | 25.0% |
| Dec 2022 | — | 40.1% | 27.7% |
| Dec 2021 | — | 44.7% | 30.2% |
Source: SEC EDGAR XBRL company facts for CIK 277948 (raw data). Most recent filing in this dataset: 10-Q filed Oct 21, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.