CSX (CSX) 10-K Summaries & Annual Filing History
Review CSX Corporation (CSX) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
CSX Corporation is a leading transportation company providing rail-based freight services across a large network in the eastern United States and parts of Canada. The filing reports a decline in revenue and operating income for the most recent fiscal year, with net income and operating cash flow also decreasing.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$14.1B
Revenue reported for the fiscal year.
Operating income
$4.5B
Income from operations reported for the year.
Net income
$2.9B
Net income reported for the year.
Operating cash flow
$4.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $14.9B | +18.6% |
| Dec 31, 2023 | $14.7B | -1.3% |
| Dec 31, 2024 | $14.5B | -0.8% |
| Dec 31, 2025 | $14.1B | -3.1% |
Business overview
CSX Corporation, headquartered in Jacksonville, Florida, is one of the nation's leading transportation companies. It provides rail-based freight transportation services, including traditional rail service, intermodal container and trailer transport, and other services like rail-to-truck transfers and bulk commodity operations. The company's rail network spans approximately 20,000 route-miles, serving major population centers in 26 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, with access to over 70 port terminals.
Financial performance
The company's revenue decreased compared to the prior year, and operating income also declined. Net income and operating cash flow were lower than the previous period.
Material risks
The filing references risk factors but does not provide specific details in the supplied context. The company faces general risks inherent in the rail industry, including economic conditions, competition, and operational challenges. Readers should refer to the full filing for a complete list of material risks.
Liquidity and capital
The filing includes a section on liquidity and capital resources, but the supplied context does not provide specific details on capital allocation themes or liquidity position.
What to watch
Monitor the company's revenue trend in the next filing to see if the decline continues or reverses.