CSX CSX Corporation

FY2025 10-K
Filed: Feb 12, 2026
Industrials
Railroads, Line-Haul OperatingSEC EDGAR

CSX Corporation (CSX) filed its fiscal year 2025 10-K annual report with the SEC on Feb 12, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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%)
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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
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Financial Summary
XBRL

Revenue

$14.1B

Net Income

$2.9B

Operating Margin

32.1%

Net Margin

20.5%

ROE

22.0%

Total Assets

$43.7B

EPS (Diluted)

$1.54

Operating Cash Flow

$4.6B

Source: XBRL data from CSX Corporation FY2025 10-K filing on SEC EDGAR. All figures in USD.

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