TORVANTA
Industrials · S&P 500 · data as of 2026-10-05

CSX stock analysis: CSX

CSX (CSX) is an S&P 500 company in Rail Transportation.

The model's view of CSX · subscribers

Where CSX ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with CSX · updated 2026-10-05 · from prices and SEC filings

CSX price performance

CSX against the S&P 500, one year
+0%+20%+40%CSX +34%S&P 500 +18%2025-09-292026-10-05
Year to date+32.0%S&P 500 +14.5% · ahead by 17.5 pts
1 year+33.4%S&P 500 +17.0% · ahead by 16.4 pts
3 years+62.6%S&P 500 +89.3% · behind by 26.6 pts
5 years+61.4%S&P 500 +91.3% · behind by 29.9 pts

Total returns with dividends reinvested.

CSX factor grades

Each grade compares CSX with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

C+ValueP/E 27.6x (sector 27.2x)FCF yield 3.2% (sector 4.0%)
C+GrowthRevenue growth +3% (sector +7%)EPS growth +6% (sector +9%)
B+ProfitabilityOperating margin 34.2% (sector 16.9%)ROIC 29.1% (sector 19.9%)
BMomentum12-month change +33%From 52-wk high -11%

CSX in plain numbers

CSX key statistics

SectorIndustrials
IndustryRail Transportation
IndexS&P 500
Market value$87.9B
Revenue growth (y/y)+3%
Free-cash-flow yield3.2%
Dividend yield1.2%
Next earnings (expected)2026-10-15
Valuation measures
Market value$87.9B
Enterprise value$86.9B
P/E (trailing)27.6x
Forward P/E (Torvanta estimate)25.9x
PEG (Torvanta estimate)4.10
Price / sales6.1x
Price / book6.2x
EV / revenue6.0x
EV / EBITDA13.1x
Financial highlights
Revenue, last 12 months$14.5B
Net income, last 12 months$3.2B
EPS, last 12 months (GAAP)$1.72
Operating margin34.2%
Net margin22.2%
Return on equity24.4%
Return on invested capital29.1%
Cash$1.0B
Total debt$0
Free cash flow, last 12 months$2.8B
Interest cover5.9x
Current ratio0.82x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

CSX earnings trends

Revenue vs earnings
$0$1.0B$2.0B$3.0B$3.9BSep 2024 Revenue: $3.6BDec 2024 Revenue: $3.5BMar 2025 Revenue: $3.4BJun 2025 Revenue: $3.6BSep 2025 Revenue: $3.6BDec 2025 Revenue: $3.5BMar 2026 Revenue: $3.5BJun 2026 Revenue: $3.9BSep 2024 Net income: $894.0MDec 2024 Net income: $733.0MMar 2025 Net income: $646.0MJun 2025 Net income: $829.0MSep 2025 Net income: $694.0MDec 2025 Net income: $720.0MMar 2026 Net income: $807.0MJun 2026 Net income: $1.0BSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 24.7%Net margin: 20.7%Net margin: 18.9%Net margin: 23.2%Net margin: 19.3%Net margin: 20.5%Net margin: 23.2%Net margin: 25.5%0%13%25%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.1$0.3$0.4$0.5Sep 2024 EPS (GAAP, diluted): $0.5Dec 2024 EPS (GAAP, diluted): $0.4Mar 2025 EPS (GAAP, diluted): $0.3Jun 2025 EPS (GAAP, diluted): $0.4Sep 2025 EPS (GAAP, diluted): $0.4Dec 2025 EPS (GAAP, diluted): $0.4Mar 2026 EPS (GAAP, diluted): $0.4Jun 2026 EPS (GAAP, diluted): $0.5Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -20% · Dec 2025 -3% · Mar 2026 +26% · Jun 2026 +23%

From the company's 10-Q and 10-K filings with the SEC.

CSX financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$12.5B$14.9B$14.7B$14.5B$14.1B
Net income$3.8B$4.2B$3.7B$3.5B$2.9B
EPS (GAAP)$1.68$1.94$1.84$1.80$1.53
Free cash flow$3.3B$3.5B$3.3B$2.7B$1.7B

CSX earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-22$0.54+23%+10%+7.2%
2026-04-22$0.43+26%+2%+5.9%
2026-01-22$0.38-3%-1%-0.3%
2025-10-16$0.37-20%-1%+1.1%
2025-07-23$0.44-10%-3%-1.5%
2025-04-16$0.34-26%-7%+1.3%

About CSX

HeadquartersJacksonville, FL
Industry (SEC code)Railroads, Line-Haul Operating
Fiscal year endsDecember 31
Incorporated inVA
Listed onNasdaq

From the company's SEC registration record.

Companies similar to CSX

CompanyMarket valueP/ERevenue growthOperating margin12-month change
CSX CSX$87.9B27.6x+3%34.2%+33%
GD General Dynamics$89.7Bn/a+9%10.2%-2%compare
EMR Emerson Electric$90.5Bn/a+5%n/a+22%compare
HWM Howmet Aerospace$91.6B49.5x+18%27.4%+22%compare
MMM 3M$84.2B29.0x+2%18.4%+5%
WM Waste Management$82.6B29.3x+7%17.6%-4%
BE Bloom Energy$81.5B1.0x+57%6.7%+217%

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Frequently asked questions

Is CSX stock a buy?

Torvanta does not tell individuals what to buy. Its grades for CSX are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is CSX's P/E ratio?

CSX trades at about 27.6 times its last 12 months of GAAP earnings reported to the SEC, and about 25.9 times Torvanta's own estimate of the next 12 months.

When does CSX report earnings next?

Based on its filing history, Torvanta expects CSX to report around 2026-10-15.

Does CSX pay a dividend?

Yes. Its dividend yield is about 1.2%, and it has raised its dividend 21 years in a row.

How has CSX performed against the S&P 500?

Over the past year CSX returned +33.4%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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