CSX at a glance
CSX Corporation (CSX, SEC CIK 277948) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 22, 2026, an 8-K current report on July 22, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), CSX Corporation (CSX) reported revenue of $14.1 billion (down 3.1% from FY2024) and net income of $2.9 billion. Diluted EPS was $1.54.
- As of June 30, 2026, 53 institutional investment managers tracked by SignalX reported holding CSX Corporation (CSX) shares worth $38.2 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Williams Angela C on July 24, 2026 of 30,000 shares at $53.29 per share.
- In the last 90 days, CSX insiders reported 0 open-market purchases ($0) and 2 open-market sales ($2.3M) on Form 4, a net sale of $2.3M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $14.1B
- −3.1% vs prior year
- Insiders · 90 days
- 0 buys · 2 sells
- Net −$2.3M
- 13F holders
- 53 funds
- $38.2B · +0 vs prior quarter
- Latest 8-K
- Jul 22, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Rail-based freight transportation including traditional rail, intermodal, trucking, serving diverse markets east of Mississippi River
- New emphasis: Integration of trucking through Quality Carriers, comprising 6% of 2025 revenue at $816 million
- Strategic shift: Norfolk Southern merger with Union Pacific creating first transcontinental rail network, altering competitive landscape
- Quantitative metric: 2025 revenue $14.1 billion; 23,000 employees; intermodal units 3.0 million (48% volume); safety index improved to 0.94 from 1.23
- Noteworthy fact: Most union agreements ratified effective January 1, 2025, covering 75% of unionized workforce, enhancing labor stability
Risk Factors
- Regulatory risk from potential new environmental and intermodal transportation rules affecting rail industry compliance costs
- Macroeconomic threat from tariffs and international trade agreements impacting rail and trucking investment values
- Operational risk from natural disasters and pandemics disrupting company’s systems, equipment, and supply chain
- Competitive risk from trucking freight mode and industry consolidation affecting market share
- Financial risk from unanticipated capital market conditions impacting access and cost of capital
Management Discussion & Analysis
- Revenue $14.1B, down 3% YoY ($448M decline) due to lower export coal revenue and merchandise volume, partially offset by merchandise pricing and intermodal volume gains
- Operating margin 32.1% vs 36.1% (down 400 bps); net earnings $2.9B vs $3.5B (down 17%), EPS $1.54 vs $1.79 (down 14%)
- Best segment: Minerals revenue +8% to $832M on 4% volume growth; Worst: Coal revenue down 15% to $1.9B on 2% volume decline
- Free cash flow before dividends $1.8B, down $995M YoY due to lower earnings, $429M tax payments, and higher capex ($2.9B, up $373M), including $470M for Blue Ridge rebuild
- 2026 capex expected < $2.4B focusing on safety, reliability, productivity; management notes risks from market, regulatory changes, and tax legislation impacts
AI summary of the CSX 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Headwinds: economic conditions, competition, tariffs, fuel prices, coal demand and supply
- Risks: regulation, litigation, severe weather, cybersecurity, labor availability and capital-market access
- Management outlook: forward-looking statements subject to material uncertainty; no guidance figures provided
Risk Factors
- Risk Factors section not provided; no quarter-specific changes identifiable
- New $5 billion incremental repurchase authority approved May 12, 2026
- $5.7 billion remaining repurchase authority as of June 30, 2026
- 6,269,293 shares repurchased during second quarter at $45.30 average price
AI summary of the CSX 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- CSX reported financial and operating results for quarter ended June 30, 2026
- Press release and quarterly financial report available as Exhibits 99.1 and 99.2
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Stephen Fortune, Executive Vice President and Chief Digital & Technology Officer, separated from CSX effective May 14, 2026
- Steve Watkins assumed Fortune’s responsibilities immediately, reporting to CFO Kevin S. Boone
Item 5.07: Submission of Matters to a Vote of Security Holders
- Twelve director nominees elected, with support ranging from 78% to 99.4% of votes cast
- John J. Zillmer lowest director support, with 299.0 million votes against
Item 8.01: Other Events
- $5 billion incremental share-repurchase authorization approved May 12, 2026
- Combined authorization approximately $5.989 billion, including $989 million remaining as of March 31, 2026
Item 2.02: Results of Operations and Financial Condition
- CSX reported financial and operating results for quarter ended March 31, 2026
- Press release and quarterly financial report available as Exhibits 99.1 and 99.2
AI summaries of CSX 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CSX
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- Fund moves. Which tracked funds opened, added or cut CSX, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| ANGEL STEPHEN F | A | Oct 1, 2026 | 194 | $46.54 |
| Cory Michael A. | F | Sep 25, 2026 | 12,611 | $46.78 |
| WHISLER J STEVEN | A | Sep 15, 2026 | 771 | $48.66 |
| ANGEL STEPHEN F | A | Sep 1, 2026 | 185 | $48.70 |
| ANGEL STEPHEN F | A | Aug 3, 2026 | 181 | $49.83 |
| Williams Angela C | Sell | Jul 24, 2026 | 30,000 | $53.29 |
| Burns Michael S. | Sell | Jul 24, 2026 | 13,000 | $52.68 |
| Burns Michael S. | M | Jul 24, 2026 | 13,000 | $26.50 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $14.5B | $14.1B |
| Operating Income | - | $5.2B | $4.5B |
| Net Income | $3.7B | $3.5B | $2.9B |
| Op. Margin | - | 36.1% | 32.1% |
| Net Margin | - | 23.9% | 20.5% |
| Balance Sheet | |||
| Total Assets | $42.4B | $42.8B | $43.7B |
| Equity | - | $12.5B | $13.2B |
| ROE | - | 27.7% | 22.0% |
| Per Share | |||
| EPS | $1.85 | $1.79 | $1.54 |
| Cash Flow | |||
| Operating CF | - | $5.2B | $4.6B |
| CapEx | $2.3B | $2.5B | $2.9B |
Source: XBRL data in CSX Corporation (CSX)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CSX share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 53 | $38.22B |
| Q1 2026 | 53 | $34.38B |
| Q4 2025 | 52 | $29.84B |
| Q3 2025 | 54 | $27.59B |
| Q2 2025 | 50 | $24.55B |
| Q1 2025 | 49 | $17.60B |
| Q4 2024 | 48 | $13.81B |
| Q3 2024 | 44 | $7.47B |
- Citadel Advisors LLC+4.76M (+627%)
- Millennium Management+3.74M (+475%)
- State Street Corp+2.43M (+3%)
- Citigroup+1.12M (+46%)
- BlackRock+857.0K (+1%)
- BNY Mellon−8.57M (-30%)
- Bank of America Corp−8.52M (-20%)
- T. Rowe Price Group−5.27M (-7%)
- JPMorgan Chase & Co−3.39M (-9%)
- FMR LLC (Fidelity)−1.85M (-12%)
- Viking Global Investors−18.68M
- Marex Group plc−5.4K
Source: 13F-HR filings on SEC EDGAR (aggregated from 403 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CSX filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 4 | Sep 28, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 4 | Jul 27, 2026 | - | - | - |
| 4 | Jul 27, 2026 | - | - | - |
| 10-Q | Jul 22, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 22, 2026 | - | Analysis | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jun 17, 2026 | - | - | - |
| 4 | Jun 5, 2026 | - | - | |
| 4 | Jun 4, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 8-K | May 14, 2026 | - | Analysis | |
| 4 | May 5, 2026 | - | - | - |
| SC 13G | Apr 29, 2026 | - | - | |
| 10-Q | Apr 22, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 22, 2026 | - | Analysis | - |
| 4 | Apr 2, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
| 4 | Mar 6, 2026 | - | - | - |
| 4 | Mar 4, 2026 | - | - | - |
| 4 | Mar 4, 2026 | - | - | - |
| 4 | Mar 2, 2026 | - | - | - |
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CSX SEC filings: frequently asked questions
Are CSX insiders buying or selling?
In the last 90 days, CSX Corporation (CSX) officers, directors and 10% owners reported no open-market purchases and 2 open-market sales worth $2.3 million by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CSX stock?
As of June 30, 2026, the largest CSX Corporation (CSX) holders among the 13F filers tracked by SignalX were BlackRock ($7.7 billion), Vanguard Capital Management LLC ($5.8 billion), State Street Corp ($4.3 billion), T. Rowe Price Group ($3.4 billion), Invesco Ltd ($2.8 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CSX's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), CSX Corporation (CSX) reported revenue of $14.1 billion (down 3.1% from FY2024) and net income of $2.9 billion. Diluted EPS was $1.54. The figures come from the XBRL data in the 10-K.
What are the main risks in CSX's latest 10-K?
In the 10-K filed February 12, 2026, CSX Corporation (CSX) flagged: Regulatory risk from potential new environmental and intermodal transportation rules affecting rail industry compliance costs. Macroeconomic threat from tariffs and international trade agreements impacting rail and trucking investment values. (AI summary of the Risk Factors section.)
What did CSX report in its latest 8-K?
CSX Corporation (CSX) filed an 8-K on July 22, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). CSX reported financial and operating results for quarter ended June 30, 2026.
What are the latest CSX SEC filings?
CSX Corporation (CSX) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 22, 2026, an 8-K current report on July 22, 2026 and a Form 4 insider filing on October 5, 2026.
What is CSX's SEC CIK number?
CSX Corporation (CSX)'s SEC Central Index Key (CIK) is 277948. EDGAR lists every CSX filing under that number.
Ask anything about CSX
The research agent reads CSX's filings, financials, insider trades and 13F holders, then answers with sources.