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CSXNasdaq
CSX CORP
Railroads, Line-Haul Operating · VA · CIK 277948
CSX provides rail-based freight transportation services including merchandise, intermodal, coal, and trucking
red 8-K · 90d⚡ Elevated coverage
$88.39B
Market cap
$48.01
Last close
+0.7%
1D
+3.9%
5D
10.0M
Volume
Price · last 39 sessions+7.4%
May 4L $44.40 · H $48.01Jun 29
253
Total filings
Jun 22, 2026
Last filing
12/31
Fiscal year end
11-K11-KJun 22, 202611-K11-KJun 22, 20268-KExecutive Change · Shareholder VoteMay 14, 202610-Q10-QApr 22, 20268-KResults of OperationsApr 22, 2026DEFA14ADEFA14AMar 30, 2026DEF 14ADEF 14AMar 30, 202610-K10-KFeb 12, 20268-KResults of OperationsJan 22, 20268-KExecutive Change · Reg FD DisclosureOct 29, 20258-KNew Debt / Obligation · Company UpdateOct 23, 20258-KMaterial AgreementOct 22, 202510-Q10-QOct 16, 20258-KResults of OperationsOct 16, 20258-KExecutive Change · Reg FD DisclosureSep 29, 202510-Q10-QJul 23, 20258-KResults of OperationsJul 23, 202511-K11-KJun 23, 202511-K11-KJun 23, 20258-KShareholder VoteMay 12, 202510-Q10-QApr 16, 20258-KResults of OperationsApr 16, 2025DEFA14ADEFA14AMar 25, 2025DEF 14ADEF 14AMar 25, 20258-KNew Debt / Obligation · Company UpdateMar 10, 20258-KMaterial AgreementMar 7, 202510-K10-KFeb 27, 20258-KExecutive Change · Reg FD DisclosureJan 27, 20258-KResults of OperationsJan 23, 20258-KExecutive Change · Reg FD DisclosureNov 12, 202410-Q10-QOct 17, 20248-KResults of OperationsOct 16, 20248-KNew Debt / Obligation · Company UpdateSep 18, 20248-KMaterial AgreementSep 17, 202410-Q10-QAug 5, 20248-KResults of OperationsAug 5, 202411-K2023 FORM 11-K CSX CORP CAP BLDR PLANJun 20, 202411-K2023 FORM 11-K CSX CORP 401(K) PLANJun 20, 20248-KExecutive Change · Shareholder VoteMay 10, 202410-Q10-QApr 18, 20248-KResults of OperationsApr 17, 2024DEFA14ADEFA14AMar 25, 2024DEF 14ADEF 14AMar 25, 20248-KExecutive ChangeFeb 23, 202410-K10-KFeb 14, 20248-KResults of OperationsJan 24, 202410-Q10-QOct 20, 20238-KResults of OperationsOct 19, 20238-KExecutive Change · Reg FD DisclosureSep 8, 20238-KNew Debt / Obligation · Company UpdateSep 7, 20238-KMaterial AgreementSep 6, 20238-KExecutive Change · Reg FD DisclosureAug 4, 202310-Q10-QJul 20, 20238-KResults of OperationsJul 20, 20238-KExecutive ChangeJul 12, 202311-K2022 FORM 11-K CSX CORP 401(K) PLANJun 27, 202311-K2022 FORM 11-K CSX CORP CAP BLDR PLANJun 27, 20238-KShareholder VoteMay 12, 202310-Q10-QApr 20, 20238-KResults of OperationsApr 20, 2023DEFA14ADEFA14AMar 24, 2023DEF 14ADEF 14AMar 24, 20238-KMaterial Agreement · Agreement TerminatedMar 3, 20238-KExecutive ChangeFeb 21, 202310-K10-KFeb 15, 20238-KResults of OperationsJan 25, 20238-KBylaw AmendmentDec 13, 202210-Q10-QOct 21, 20228-KResults of OperationsOct 20, 20228-KExecutive Change · Reg FD DisclosureSep 15, 20228-KNew Debt / Obligation · Company UpdateJul 28, 20228-KMaterial AgreementJul 25, 202210-Q10-QJul 21, 20228-KResults of OperationsJul 20, 202211-K2021 FORM 11-K CSX CORP 401(K) PLANJun 28, 202211-K2021 FORM 11-K CSX CORP CAP BLDR PLANJun 28, 20228-KShareholder VoteMay 6, 202210-Q10-QApr 21, 20228-KResults of OperationsApr 20, 2022DEFA14AFORM DEFA14AApr 14, 2022
Insider Activity
In the 90 days to Mar 6, 2026: 1 insider bought $1.0M · 2 sold $7.5M.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| Mar 6, 2026 | Angel Stephen FPresident & CEO | Buy | 25,000 | $40.27 | $1.0M |
| Feb 19, 2026 | Sorfleet Diana BEVP & CAO | Sell | 90,000 | $41.56 | $3.7M |
| Feb 3, 2026 | Fortune StephenEVP - CD & TO | Sell | 31,456 | $38.65 | $1.2M |
| Jan 28, 2026 | Sorfleet Diana BEVP & CAO | Sell | 66,667 | $37.48 | $2.5M |
| Oct 22, 2025 | Boone Kevin S.EVP & CCO | Sell | 31,053 | $36.09 | $1.1M |
| Oct 20, 2025 | Angel Stephen FPresident & CEO | Buy | 55,000 | $36.87 | $2.0M |
| Oct 20, 2025 | Burns Michael S.SVP - CLO & Corp Secy | Sell | 24,249 | $36.76 | $891K |
Open-market buys & sells (Form 4, transaction codes P/S). Source: SEC structured insider data.
What Changed
Risk factors · Feb 27, 2025 → Feb 12, 202652 added · 50 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
- Years Ended (Dollars in Millions) 2025 2024 2023 Share-Based Compensation Expense Restricted Stock Units $ 26 $ 28 $ 19 Stock Options 14 12 12 Employee Stock Purchase Plans 10 8 7 Stock Awards for Directors 3 2 2 Performance Units 1 ( 10 ) 20 Total Share-based Compensation Expense $ 54 $ 40 $ 60 Income Tax Benefit $ 13 $ 13 $ 14 CSX 2025 Form 10-K p.64 CSX CORPORATION PART II Item 8.
- Impairment expense recorded in purchased services and other expense on the consolidated income statement of $ 26 million in 2025, $ 24 million in 2024, and $ 2 million in 2023 was primarily due to the discontinuation of certain in-progress projects.
- This guidance is effective beginning first quarter 2029, though early adoption is permitted, and can be applied using a modified prospective, modified retrospective, or full retrospective transition approach.
- This guidance is effective beginning first quarter 2028, though early adoption is permitted, and can be applied using a prospective, retrospective, or modified transition approach.
- Years Ended 2025 2024 2023 Antidilutive Stock Options Excluded from Diluted EPS (Units in Millions) 5 3 3 CSX 2025 Form 10-K p.62 CSX CORPORATION PART II Item 8.
- Years Ended (Dollars in Millions) 2025 2024 2023 Amounts Paid $ 456 $ 311 $ 236 CSX 2025 Form 10-K p.82 CSX CORPORATION PART II Item 8.
- CSXT, on behalf of Pharmacia, and a significant number of other potentially responsible parties are together conducting a Remedial Investigation and Feasibility Study of the Study Area pursuant to an Administrative Settlement Agreement and Order on Consent with the EPA.
- The Company adopted this guidance prospectively for this 2025 annual report filed on Form 10-K.
- Pharmacia’s share of responsibility, indemnified by CSXT, for the investigation and cleanup costs of the Study Area may be determined through various mechanisms including (a) an allocation and settlement with EPA;
- Performance Units In 2025, 2024 and 2023, target performance units, with each unit being equivalent to one share of CSX common stock, were granted to certain employees under three separate LTIP plans covering three-year cycles: the 2025-2027 ("2025-2027 LTIP"), the 2024-2026 ("2024-2026 LTIP"), and the 2023-2025 ("2023-2025 LTIP").
- Performance unit grants were valued using the following weighted-average assumptions: Years Ended Weighted-Average Assumptions Used: 2025 2024 2023 Risk-free Interest Rate 4.1 % 4.4 % 4.4 % Annualized Volatility 23.3 % 23.3 % 33.2 % Expected Life (in years) 2.7 2.9 2.8 The risk-free interest rate assumptions reflect the U.S.
- The 2025 payment amount includes a $ 96 million prepayment for 2026 locomotive maintenance services, which is included in other current assets on the consolidated balance sheet, as well as $ 14 million for pre-owned locomotives received in 2025.
No longer disclosed
- The Company adopted this guidance for this 2024 annual report filed on Form 10-K and the standard update did not impact the Company's results of operations or financial position as the update only impacts disclosures.
- Impairment expense of $ 24 million in 2024, $ 2 million in 2023, and $ 4 million in 2022 was primarily due to the discontinuation of certain in-progress projects.
- Environmental reserves include liabilities assumed as a result of entities acquired by the Company, including the acquisition of Pan Am in 2022.
- Other reserves include liabilities assumed as a result of entities acquired by the Company, including the acquisition of Pan Am in 2022.
- The Company is required to adopt the guidance for its 2025 annual report filed on Form 10-K, though early adoption is permitted.
- Casualty reserves include liabilities assumed as a result of the Company's acquisition of Pan Am in 2022.
- Revision of Prior Period Financial Statements During second quarter 2024, CSX completed a review of the accounting treatment for engineering scrap and certain engineering support labor and identified misstatements between the balance sheet and operating expense in previously issued financial statements.
- Years Ended 2024 2023 2022 Antidilutive Stock Options Excluded from Diluted EPS (Units in Millions) 3 3 3 Share Repurchase Programs During fourth quarter 2023, the share repurchase program announced in July 2022 was completed and the Company began repurchasing shares under the $ 5 billion share repurchase program approved in October 2023.
- Years Ended (Dollars in Millions) 2024 2023 2022 Share-Based Compensation Expense Restricted Stock Units $ 28 $ 19 $ 15 Stock Options 12 12 17 Employee Stock Purchase Plans 8 7 5 Stock Awards for Directors 2 2 2 Performance Units ( 10 ) 20 35 Total Share-based Compensation Expense $ 40 $ 60 $ 74 Income Tax Benefit $ 13 $ 14 $ 17 Long-term Incentive Plans The objective of the CSX Long-term Incentive Plans (“LTIP”) is to motivate and reward certain employees for achieving and exceeding certain financial goals.
- Stock Plans and Share-Based Compensation, continued Performance Units In 2024, 2023 and 2022, target performance units were granted to certain employees under three separate LTIP plans covering three-year cycles: the 2024-2026 ("2024-2026 LTIP"), the 2023-2025 ("2023-2025 LTIP"), and the 2022-2024 ("2022-2024 LTIP").
- Sale of Property Rights to the Commonwealth of Virginia On March 26, 2021, the Company entered into a comprehensive agreement to sell certain property rights in three CSX-owned line segments to the Commonwealth of Virginia over three phases.
- On June 1, 2022, CSX completed its acquisition of Pan Am Systems, Inc.
In the News
⚡ Elevated coverageCoverage (30d): 1 reputable article.
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