CSX Corporation
- Open
- 53.60
- Day high
- 53.60
- Day low
- 51.34
- Prev close
- 53.23
- Volume
- 10.5M
- Mkt cap
- $95.9B
- P/E (TTM)
- 29.8
- EPS (TTM)
- $1.73
- P/B
- 6.8
- P/S
- 6.6
- Yield
- 1.05%
- Per share
- $0.54
- ▼Insiders net selling -$6.8M over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
CSX Corporation (CSX) is a Industrials company listed on NASDAQ. The stock is up 48% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 1 published research article covering CSX.
CSX Corporation (CSX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 15 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CSX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 22, 2026 | $0.52 | $0.54 | +4.2% | $3.9B | +1.0% |
| Apr 22, 2026 | $0.39 | $0.43 | +10.5% | $3.5B | -0.2% |
| Jan 22, 2026 | $0.41 | $0.39 | -5.1% | $3.5B | -0.9% |
| Oct 16, 2025 | $0.42 | $0.44 | +3.7% | $4.5B | +24.9% |
| Jul 23, 2025 | $0.42 | $0.44 | +5.8% | $3.6B | -0.1% |
| Apr 16, 2025 | $0.36 | $0.34 | -6.8% | $3.4B | -0.8% |
| Jan 23, 2025 | $0.44 | $0.42 | -4.5% | $3.5B | -0.5% |
| Oct 16, 2024 | $0.48 | $0.46 | -4.2% | $3.6B | -1.5% |
| Apr 17, 2024 | $0.45 | $0.46 | +2.2% | $3.7B | +0.4% |
| Jan 24, 2024 | $0.44 | $0.45 | +2.3% | $3.7B | +1.5% |
| Oct 19, 2023 | $0.43 | $0.42 | -2.3% | $3.6B | -0.7% |
| Jul 20, 2023 | $0.49 | $0.49 | +0.0% | $3.7B | -1.0% |
CSX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 6, 2026 | ANGEL STEPHEN Fdirector, officer: President & CEO | Grant | 187 | — |
| Jun 17, 2026 | WHISLER J STEVENdirector | Grant | 791 | $47.39 |
| Jun 5, 2026 | Boone Kevin S.officer: EVP & CFO | Option | 13,455 | $22.70 |
| Jun 5, 2026 | Boone Kevin S.officer: EVP & CFO | Option | 123,253 | $23.48 |
| Jun 5, 2026 | Boone Kevin S.officer: EVP & CFO | Sell | 136,708 | $46.70 |
| Jun 4, 2026 | ZILLMER JOHN Jdirector | Sell | 10,000 | $46.45 |
| Jun 2, 2026 | ANGEL STEPHEN Fdirector, officer: President & CEO | Grant | 197 | — |
| May 5, 2026 | ANGEL STEPHEN Fdirector, officer: President & CEO | Grant | 200 | — |
| Apr 2, 2026 | ANGEL STEPHEN Fdirector, officer: President & CEO | Grant | 218 | — |
| Mar 16, 2026 | WHISLER J STEVENdirector | Grant | 954 | $39.30 |
| Mar 6, 2026 | ANGEL STEPHEN Fdirector, officer: President & CEO | Buy | 25,000 | $40.27 |
| Mar 4, 2026 | ANGEL STEPHEN Fdirector, officer: President & CEO | Grant | 209 | — |
| Mar 2, 2026 | Kenney Maryclare T.officer: SVP & CCO | Grant | 9,379 | — |
| Mar 2, 2026 | Chow Anne Hdirector | Grant | 4,455 | — |
| Mar 2, 2026 | Kenney Maryclare T.officer: SVP & CCO | Grant | 46,759 | $42.65 |
Source: CSX SEC Form 4 filings, latest Jul 6, 2026. For informational purposes only — not investment advice.
See the full CSX insider & 13F page →CSX Corporation company profile
Overview
CSX Corporation (NASDAQ:CSX) is one of the largest freight railroad companies in the United States, incorporated in 1978 and headquartered in Jacksonville, Florida. The company emerged from the merger of Chessie System and Seaboard Coast Line Industries, creating a major Eastern U.S. railroad network. CSX has evolved into a critical transportation infrastructure provider, operating approximately 19,500 route miles of track across 23 states east of the Mississippi River, the District of Columbia, and parts of Canada. The company went public in 1980 and has since become a cornerstone of North American freight transportation, serving as a vital link in the supply chains of numerous industries.
Business
CSX operates in the freight railroad industry, which serves as the backbone of North American goods movement. The company provides rail-based freight transportation services, moving everything from raw materials to finished consumer products across its extensive network. Railroad transportation is particularly efficient for moving large volumes of heavy commodities over long distances, offering cost and environmental advantages over trucking. The company operates three primary business segments: 1. Merchandise Transportation (approximately 60% of revenue): This segment transports a diverse mix of commodities including chemicals, agricultural and food products, automotive parts and vehicles, minerals, forest products, fertilizers, and metals and equipment. These shipments typically involve manufactured goods, raw materials, and industrial products that form the foundation of the American economy. 2. Coal Transportation (approximately 15% of revenue): CSX transports coal, coke, and iron ore primarily to electricity-generating power plants, steel manufacturers, and industrial facilities. The company also handles coal exports through deep-water port facilities, connecting domestic coal producers to international markets. 3. Intermodal Transportation (approximately 25% of revenue): This segment involves transporting shipping containers and truck trailers on railroad cars, effectively combining the efficiency of rail transport with the flexibility of trucking. CSX operates approximately 30 intermodal terminals and provides drayage services (the pickup and delivery of containers to and from rail terminals), enabling seamless door-to-door transportation of manufactured consumer goods. The company also provides specialized services including rail-to-truck transfers for customers not directly served by rail, bulk commodity operations, and automotive distribution services through dedicated facilities and storage locations.
Competitive moat
CSX possesses a strong economic moat built primarily on its extensive rail infrastructure network, which represents decades of capital investment and would be prohibitively expensive for competitors to replicate. The company's 19,500-mile network creates natural monopolies on many shipping routes, particularly for heavy bulk commodities where rail transport offers significant cost advantages over trucking. The railroad industry benefits from high barriers to entry due to massive capital requirements, complex regulatory approval processes, and the practical impossibility of acquiring sufficient land for new railroad construction in developed areas. CSX's established network effects create switching costs for customers, as changing railroads often requires relocating facilities or accepting less efficient routing. However, the moat faces several challenges. Intermodal competition from trucking remains significant, particularly for shorter distances and time-sensitive shipments where trucks offer greater flexibility. The ongoing decline in coal transportation, historically a high-margin business with limited competition, weakens CSX's moat as utilities shift to natural gas and renewable energy. Additionally, potential disruption from autonomous trucking technology could eventually reduce rail's cost advantages for certain freight types. Other railroads, particularly Norfolk Southern in overlapping territories, provide direct competition and limit pricing power. Pipeline transportation competes for certain liquid commodities, while barge transportation offers alternatives for bulk commodities near waterways. Despite these competitive pressures, CSX's infrastructure moat remains formidable for most of its core business, supported by the fundamental economics of rail transportation for heavy, long-distance freight movement.
Risks & safety
CSX demonstrates a solid margin of safety with strong cash generation and manageable debt levels, though working capital management requires attention. • **Cash and Liquidity**: $933 million in cash and short-term investments as of Q4 2024, with strong operating cash flow of $5.2 billion annually providing substantial liquidity cushion • **Debt Management**: Debt-to-equity ratio of 1.52x is elevated but manageable for a capital-intensive railroad, with no immediate solvency concerns given consistent cash flow generation • **Working Capital**: Current ratio of 0.86x indicates potential short-term liquidity pressure, though this is partly offset by the company's predictable cash flow patterns and access to credit facilities • **Valuation Metrics**: Trading at 18.0x forward P/E and 11.4x EV/EBITDA, representing reasonable valuations for a quality infrastructure asset, though not deeply discounted • **Free Cash Flow**: Generated $2.7 billion in free cash flow for 2024, providing flexibility for capital allocation between growth investments, debt reduction, and shareholder returns • **Other Considerations**: Network disruption risks from weather and infrastructure projects create operational volatility, while exposure to cyclical end markets adds earnings variability
Recent development
Over the past few years, CSX has undergone significant strategic transformation under CEO Joe Hinrichs, who took leadership in 2022 with a focus on the "ONE CSX" cultural initiative aimed at improving employee engagement and customer relationships. This represented a shift from the previous precision scheduled railroading approach toward a more service-oriented model. The company has accelerated major infrastructure investments, most notably the Howard Street Tunnel project, which was compressed from a three-year timeline to one year to enable double-stack container service along the East Coast. This $466 million investment will allow CSX to compete more effectively in the intermodal market by reducing route miles and improving service to major population centers. Simultaneously, CSX is rebuilding the Blue Ridge Subdivision and completing the Cumberland site reconfiguration to enhance network efficiency. Industrial development has emerged as a key growth driver, with CSX maintaining a pipeline of over 500 projects designed to attract new rail-served facilities. This strategy focuses on converting truck transportation to rail and establishing new manufacturing and distribution centers along CSX's network. The company has successfully negotiated early labor agreements, securing five-year contracts that provide operational stability and demonstrate improved labor relations. Recent operational improvements include achieving record trip plan compliance rates and implementing the Safe CSX safety initiative. The company has also maintained pricing discipline while focusing on volume growth, particularly in chemicals, forest products, and minerals segments. However, CSX faces ongoing challenges from declining coal demand and intermodal market softness, leading to strategic emphasis on merchandise transportation growth and network optimization to offset these headwinds.
CSX company profile · for informational purposes only — not investment advice.
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