Short answer
CSX Corporation (CSX) filed its Q3 2025 10-Q quarterly report on Oct 16, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3.6B (down 0.9% year over year) with net income of $694M.
Q3 2025 key financials · XBRL
- Revenue
- $3.6B
- −0.9% YoY · +0.4% QoQ
- Net income
- $694M
- −22.4% YoY · −16.3% QoQ
- Operating margin
- 30.3%
- EPS (diluted)
- $0.38
- −17.4% YoY · −13.6% QoQ
Source: XBRL data from the CSX Corporation (CSX) Q3 2025 10-Q on SEC EDGAR. USD.
CSX Corporation Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $3.59B, down $32M (1%) YoY in Q3 2025; nine months revenue $10.58B, down $417M (4%) YoY
- Operating margin 30.3% vs 37.4% YoY in Q3; operating income $1.09B, down $267M (20%) YoY; EPS $0.37, down 20%
- Best performing segment: Intermodal volume up 2%, revenue stable; worst: Coal revenue down 9% with export coal volume -11%
- Cash decreased $321M YTD; $632M less operating cash flow due to $429M tax payment; capital spending increased $423M including $440M Blue Ridge rebuild
- New CEO appointed Sept 2025; near-term risks include coal market weakness, inflation impact, network disruptions, and labor negotiations
Risk Factors
- New risk: Goodwill impairment $70M charge for Quality Carriers triggered by extended trucking market recession and economic uncertainty
- Most materially updated risk: Environmental liabilities involving Pharmacia/Monsanto in EPA Superfund remediation; Consent Decree approved Dec 2024, now under appeal, ongoing negotiations continuing
- Regulatory risk: SEC investigation closed July 2025 with no enforcement action following inquiry into 2024 accounting restatement and non-financial metrics
- Market risk: Revenue decline to $3.587B Q3 2025 from $3.619B Q3 2024 amid trucking segment downturn impacting near-term performance
- Financial risk: Long-term debt increased to $19.162B with new $600M 5.05% notes issued March 2025; no borrowings on $1.2B credit facility or $1.0B commercial paper as of Q3 2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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