CSX Corporation (CSX) FY2024 10-K Annual Report
CSX Corporation (CSX) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 27, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
CSX Corporation FY2024 10-K Analysis
Business Overview
- • Core business rail freight transportation across 20,000 route-miles, including merchandise, intermodal, coal, and trucking services
- • Acquisition of Pan Am Systems in June 2022 expanded Northeastern US market reach, emphasizing geographic expansion
- • Revenue $14.5B in 2024 with merchandise at $8.9B (61%) and intermodal 2.9 million units shipped (46% volume)
- • Workforce grew to 23,500 employees with 22% diversity overall and 35% in management as of December 2024
- • FRA Personal Injury Frequency Index increased from 0.94 in 2023 to 1.19 in 2024, highlighting safety challenges
Management Discussion & Analysis
- • Revenue $14.5B, down $117M or 1% YoY
- • Operating income $5.2B, down $254M or 5% YoY; operating margin 36.1% vs 37.5%
- • Expenses $9.3B, up $137M or 1% YoY
- • Earnings per diluted share $1.79, down $0.03 or 2% YoY
- • No segment or cash flow details provided in excerpt; no forward-looking guidance included
Risk Factors
- • Regulatory risk from increased rail industry regulation, including environmental and hazardous materials laws and related compliance costs
- • Geopolitical risk from international trade agreements and tariffs impacting demand for freight carried by CSX
- • Operational risk of severe weather events such as floods, hurricanes, and fires disrupting CSX’s rail network and supply chain
- • Competitive threat from trucking industry and financial distress or consolidation among transportation competitors
- • Financial risk from limited access to capital markets and impacts of share repurchase decisions on liquidity
CSX Corporation FY2024 Key Financial MetricsXBRL
Revenue
$14.5B
▼ -0.8% YoY
Net Income
$3.5B
▼ -6.6% YoY
Operating Margin
36.1%
▼ -187bp YoY
Net Margin
23.9%
▼ -148bp YoY
ROE
27.7%
▼ -287bp YoY
Total Assets
$42.8B
▲ +0.8% YoY
EPS (Diluted)
$1.79
▼ -3.2% YoY
Operating Cash Flow
$5.2B
▼ -5.4% YoY
Source: XBRL data from CSX Corporation FY2024 10-K filing on SEC EDGAR. All figures in USD.
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