CSX (CSX) FY2024 results: revenue $14.5 billion, down 0.8% on the year
CSX Corp. (CSX) reported revenue of $14.5 billion for fiscal 2024, the year ended 31 December 2024, down 0.8% on the year before. Net income was $3.5 billion, down 5.4%, and diluted earnings per share $1.79. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$14.5 billion
-0.8% on the year
FY2017FY2024
Operating margin
36.1%
37.5% a year earlier
FY2017FY2024
Net income
$3.5 billion
-5.4% on the year
FY2017FY2024
Diluted EPS
$1.79
-1.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
5,247
5,514
5,526
-4.8%
Capital expenditure
2,529
2,257
2,113
+12.1%
Free cash flow
2,718
3,257
3,413
-16.5%
Free cash flow margin
18.7%
22.2%
23.0%
Cash from investing
-2,605
-2,227
-2,063
Cash from financing
-3,062
-3,867
-3,769
Depreciation and amortisation
1,658
1,607
1,500
+3.2%
Share-based compensation
40.0
60.0
74.0
-33.3%
Buybacks
2,237
3,482
4,731
-35.8%
Dividends paid
930
882
852
+5.4%
Dividend per share
$0.48
$0.44
$0.40
+9.1%
Diluted shares, weighted
1,943m
2,013m
2,141m
-3.5%
Shares outstanding at period end
1,900m
1,958m
2,066m
-3.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
12,507
11,985
12,469
+4.4%
Debt
18,503
18,533
18,047
-0.2%
Operating lease liabilities
486
491
488
-1.0%
Other liabilities
11,268
11,203
10,678
+0.6%
Total liabilities and equity
42,764
42,212
41,682
+1.3%
Fixed assets
35,658
34,721
34,070
+2.7%
Goodwill
239
325
319
-26.5%
Intangible assets
194
181
183
+7.2%
Investments
72.0
83.0
129
-13.3%
Cash and equivalents
933
1,353
1,958
-31.0%
Receivables
1,326
1,393
1,313
-4.8%
Other assets
4,342
4,144
3,710
+4.8%
Total assets
42,764
42,200
41,682
+1.3%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.