Short answer
CSX Corporation (CSX) filed its fiscal 2024 10-K annual report with the SEC on Feb 27, 2025. It reported revenue of $14.5B (−0.8% year over year) and net income of $3.5B.
- Top risk flagged: Regulatory risk from increased rail industry regulation, including environmental and hazardous materials laws and related compliance costs
FY2024 key financial metrics · XBRL
- Revenue
- $14.5B
- −0.8% YoY
- Net income
- $3.5B
- −6.6% YoY
- Operating margin
- 36.1%
- −1.9 pp YoY
- EPS (diluted)
- $1.79
- −3.2% YoY
- ROE
- 27.7%
- −2.9 pp YoY
- Operating cash flow
- $5.2B
- −5.4% YoY
Source: XBRL data from the CSX Corporation (CSX) FY2024 10-K on SEC EDGAR. USD.
CSX Corporation FY2024 10-K analysis
AI summary of each section, grounded in the filing text
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
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
Generated from the filing text; verify against the original. How to read a 10-K
Other CSX Corporation annual reports
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.