CSX CORP (CSX) Fundamental Analysis & Valuation

NASDAQ:CSX • US1264081035

40.935 USD
-1.84 (-4.31%)
Last: Mar 5, 2026, 01:22 PM
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This CSX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, CSX scores 5 out of 10 in our fundamental rating. CSX was compared to 42 industry peers in the Ground Transportation industry. While CSX belongs to the best of the industry regarding profitability, there are concerns on its financial health. CSX has a valuation in line with the averages, but on the other hand it scores bad on growth. CSX also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

7

1. CSX Profitability Analysis

1.1 Basic Checks

  • CSX had positive earnings in the past year.
  • In the past year CSX had a positive cash flow from operations.
  • In the past 5 years CSX has always been profitable.
  • CSX had a positive operating cash flow in each of the past 5 years.
CSX Yearly Net Income VS EBIT VS OCF VS FCFCSX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

1.2 Ratios

  • CSX's Return On Assets of 6.61% is fine compared to the rest of the industry. CSX outperforms 73.81% of its industry peers.
  • The Return On Equity of CSX (21.96%) is better than 90.48% of its industry peers.
  • The Return On Invested Capital of CSX (8.81%) is better than 78.57% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CSX is above the industry average of 7.32%.
Industry RankSector Rank
ROA 6.61%
ROE 21.96%
ROIC 8.81%
ROA(3y)7.81%
ROA(5y)8.54%
ROE(3y)26.78%
ROE(5y)28.28%
ROIC(3y)9.96%
ROIC(5y)10.27%
CSX Yearly ROA, ROE, ROICCSX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 20.50%, CSX belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • CSX's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 33.17%, CSX belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
  • In the last couple of years the Operating Margin of CSX has declined.
  • The Gross Margin of CSX (70.78%) is better than 83.33% of its industry peers.
  • CSX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 33.17%
PM (TTM) 20.5%
GM 70.78%
OM growth 3Y-5.14%
OM growth 5Y-4.21%
PM growth 3Y-9.92%
PM growth 5Y-4.73%
GM growth 3Y-0.06%
GM growth 5Y-2.15%
CSX Yearly Profit, Operating, Gross MarginsCSX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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3

2. CSX Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CSX is destroying value.
  • CSX has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, CSX has less shares outstanding
  • Compared to 1 year ago, CSX has about the same debt to assets ratio.
CSX Yearly Shares OutstandingCSX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B
CSX Yearly Total Debt VS Total AssetsCSX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • An Altman-Z score of 2.56 indicates that CSX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • CSX has a Altman-Z score of 2.56. This is comparable to the rest of the industry: CSX outperforms 50.00% of its industry peers.
  • The Debt to FCF ratio of CSX is 11.03, which is on the high side as it means it would take CSX, 11.03 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 11.03, CSX is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
  • CSX has a Debt/Equity ratio of 1.38. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.38, CSX is not doing good in the industry: 80.95% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.38
Debt/FCF 11.03
Altman-Z 2.56
ROIC/WACC0.87
WACC10.07%
CSX Yearly LT Debt VS Equity VS FCFCSX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • CSX has a Current Ratio of 0.81. This is a bad value and indicates that CSX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of CSX (0.81) is worse than 76.19% of its industry peers.
  • CSX has a Quick Ratio of 0.81. This is a bad value and indicates that CSX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.69, CSX is doing worse than 83.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.69
CSX Yearly Current Assets VS Current LiabilitesCSX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. CSX Growth Analysis

3.1 Past

  • The earnings per share for CSX have decreased strongly by -12.02% in the last year.
  • The Earnings Per Share has been growing slightly by 5.76% on average over the past years.
  • Looking at the last year, CSX shows a decrease in Revenue. The Revenue has decreased by -3.08% in the last year.
  • The Revenue has been growing slightly by 5.89% on average over the past years.
EPS 1Y (TTM)-12.02%
EPS 3Y-5.54%
EPS 5Y5.76%
EPS Q2Q%-7.14%
Revenue 1Y (TTM)-3.08%
Revenue growth 3Y-1.74%
Revenue growth 5Y5.89%
Sales Q2Q%-0.88%

3.2 Future

  • CSX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.03% yearly.
  • The Revenue is expected to grow by 4.34% on average over the next years.
EPS Next Y15.7%
EPS Next 2Y14.37%
EPS Next 3Y12.64%
EPS Next 5Y11.03%
Revenue Next Year2.47%
Revenue Next 2Y3.53%
Revenue Next 3Y3.67%
Revenue Next 5Y4.34%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CSX Yearly Revenue VS EstimatesCSX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 5B 10B 15B
CSX Yearly EPS VS EstimatesCSX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0.5 1 1.5 2 2.5

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4

4. CSX Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 25.43 indicates a quite expensive valuation of CSX.
  • Based on the Price/Earnings ratio, CSX is valued a bit cheaper than 64.29% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of CSX to the average of the S&P500 Index (27.03), we can say CSX is valued inline with the index average.
  • A Price/Forward Earnings ratio of 21.97 indicates a rather expensive valuation of CSX.
  • Based on the Price/Forward Earnings ratio, CSX is valued a bit cheaper than 66.67% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of CSX to the average of the S&P500 Index (25.11), we can say CSX is valued inline with the index average.
Industry RankSector Rank
PE 25.43
Fwd PE 21.97
CSX Price Earnings VS Forward Price EarningsCSX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • CSX's Enterprise Value to EBITDA is on the same level as the industry average.
  • 69.05% of the companies in the same industry are more expensive than CSX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 44.55
EV/EBITDA 15.4
CSX Per share dataCSX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of CSX may justify a higher PE ratio.
  • A more expensive valuation may be justified as CSX's earnings are expected to grow with 12.64% in the coming years.
PEG (NY)1.62
PEG (5Y)4.41
EPS Next 2Y14.37%
EPS Next 3Y12.64%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. CSX Dividend Analysis

5.1 Amount

  • CSX has a Yearly Dividend Yield of 1.22%.
  • Compared to an average industry Dividend Yield of 0.67, CSX pays a bit more dividend than its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.82, CSX is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.22%

5.2 History

  • The dividend of CSX is nicely growing with an annual growth rate of 8.36%!
  • CSX has paid a dividend for at least 10 years, which is a reliable track record.
  • CSX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.36%
Div Incr Years20
Div Non Decr Years22
CSX Yearly Dividends per shareCSX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • CSX pays out 33.64% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of CSX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP33.64%
EPS Next 2Y14.37%
EPS Next 3Y12.64%
CSX Yearly Income VS Free CF VS DividendCSX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
CSX Dividend Payout.CSX Dividend Payout, showing the Payout Ratio.CSX Dividend Payout.PayoutRetained Earnings

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CSX Fundamentals: All Metrics, Ratios and Statistics

CSX CORP

NASDAQ:CSX (3/5/2026, 1:22:10 PM)

40.935

-1.84 (-4.31%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)01-22
Earnings (Next)04-14
Inst Owners79.94%
Inst Owner Change0.46%
Ins Owners0.09%
Ins Owner Change-1.76%
Market Cap76.23B
Revenue(TTM)14.09B
Net Income(TTM)2.89B
Analysts80.67
Price Target40.7 (-0.57%)
Short Float %1.67%
Short Ratio2.29
Dividend
Industry RankSector Rank
Dividend Yield 1.22%
Yearly Dividend0.52
Dividend Growth(5Y)8.36%
DP33.64%
Div Incr Years20
Div Non Decr Years22
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.83%
Min EPS beat(2)-6.07%
Max EPS beat(2)2.41%
EPS beat(4)2
Avg EPS beat(4)-2.07%
Min EPS beat(4)-8.88%
Max EPS beat(4)4.27%
EPS beat(8)4
Avg EPS beat(8)-1.51%
EPS beat(12)6
Avg EPS beat(12)-0.33%
EPS beat(16)10
Avg EPS beat(16)0.98%
Revenue beat(2)0
Avg Revenue beat(2)-1.34%
Min Revenue beat(2)-2.01%
Max Revenue beat(2)-0.66%
Revenue beat(4)0
Avg Revenue beat(4)-1.54%
Min Revenue beat(4)-2.23%
Max Revenue beat(4)-0.66%
Revenue beat(8)0
Avg Revenue beat(8)-1.52%
Revenue beat(12)2
Avg Revenue beat(12)-0.97%
Revenue beat(16)5
Avg Revenue beat(16)-0.24%
PT rev (1m)0.49%
PT rev (3m)1.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-5.75%
EPS NY rev (1m)-1.87%
EPS NY rev (3m)-3.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.13%
Revenue NY rev (1m)-0.34%
Revenue NY rev (3m)-1.98%
Valuation
Industry RankSector Rank
PE 25.43
Fwd PE 21.97
P/S 5.41
P/FCF 44.55
P/OCF 16.52
P/B 5.79
P/tB 5.91
EV/EBITDA 15.4
EPS(TTM)1.61
EY3.93%
EPS(NY)1.86
Fwd EY4.55%
FCF(TTM)0.92
FCFY2.24%
OCF(TTM)2.48
OCFY6.05%
SpS7.57
BVpS7.06
TBVpS6.92
PEG (NY)1.62
PEG (5Y)4.41
Graham Number16
Profitability
Industry RankSector Rank
ROA 6.61%
ROE 21.96%
ROCE 11.53%
ROIC 8.81%
ROICexc 8.96%
ROICexgc 9.02%
OM 33.17%
PM (TTM) 20.5%
GM 70.78%
FCFM 12.14%
ROA(3y)7.81%
ROA(5y)8.54%
ROE(3y)26.78%
ROE(5y)28.28%
ROIC(3y)9.96%
ROIC(5y)10.27%
ROICexc(3y)10.24%
ROICexc(5y)10.69%
ROICexgc(3y)10.38%
ROICexgc(5y)10.84%
ROCE(3y)13.03%
ROCE(5y)13.44%
ROICexgc growth 3Y-9%
ROICexgc growth 5Y-1.24%
ROICexc growth 3Y-8.8%
ROICexc growth 5Y-1.37%
OM growth 3Y-5.14%
OM growth 5Y-4.21%
PM growth 3Y-9.92%
PM growth 5Y-4.73%
GM growth 3Y-0.06%
GM growth 5Y-2.15%
F-Score5
Asset Turnover0.32
Health
Industry RankSector Rank
Debt/Equity 1.38
Debt/FCF 11.03
Debt/EBITDA 2.86
Cap/Depr 172.74%
Cap/Sales 20.59%
Interest Coverage 5.37
Cash Conversion 72.59%
Profit Quality 59.22%
Current Ratio 0.81
Quick Ratio 0.69
Altman-Z 2.56
F-Score5
WACC10.07%
ROIC/WACC0.87
Cap/Depr(3y)155.24%
Cap/Depr(5y)146.81%
Cap/Sales(3y)17.8%
Cap/Sales(5y)16.41%
Profit Quality(3y)75.45%
Profit Quality(5y)79.5%
High Growth Momentum
Growth
EPS 1Y (TTM)-12.02%
EPS 3Y-5.54%
EPS 5Y5.76%
EPS Q2Q%-7.14%
EPS Next Y15.7%
EPS Next 2Y14.37%
EPS Next 3Y12.64%
EPS Next 5Y11.03%
Revenue 1Y (TTM)-3.08%
Revenue growth 3Y-1.74%
Revenue growth 5Y5.89%
Sales Q2Q%-0.88%
Revenue Next Year2.47%
Revenue Next 2Y3.53%
Revenue Next 3Y3.67%
Revenue Next 5Y4.34%
EBIT growth 1Y-12.49%
EBIT growth 3Y-6.79%
EBIT growth 5Y1.44%
EBIT Next Year43.59%
EBIT Next 3Y17.02%
EBIT Next 5Y12.83%
FCF growth 1Y-37.05%
FCF growth 3Y-21.12%
FCF growth 5Y-8.29%
OCF growth 1Y-12.08%
OCF growth 3Y-6.36%
OCF growth 5Y1.59%

CSX CORP / CSX FAQ

Can you provide the ChartMill fundamental rating for CSX CORP?

ChartMill assigns a fundamental rating of 5 / 10 to CSX.


Can you provide the valuation status for CSX CORP?

ChartMill assigns a valuation rating of 4 / 10 to CSX CORP (CSX). This can be considered as Fairly Valued.


Can you provide the profitability details for CSX CORP?

CSX CORP (CSX) has a profitability rating of 7 / 10.


Can you provide the financial health for CSX stock?

The financial health rating of CSX CORP (CSX) is 3 / 10.


What is the earnings growth outlook for CSX CORP?

The Earnings per Share (EPS) of CSX CORP (CSX) is expected to grow by 15.7% in the next year.