CSX Corporation
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services in the United States and Canada. It operates through two segments: rail and trucking. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transpo… Read more
CSX Corporation (CSX) - Net Assets
Latest net assets as of December 2025: $13.16 Billion USD
Based on the latest financial reports, CSX Corporation (CSX) has net assets worth $13.16 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($43.68 Billion) and total liabilities ($30.52 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $13.16 Billion |
| % of Total Assets | 30.13% |
| Annual Growth Rate | 2.67% |
| 5-Year Change | -2.52% |
| 10-Year Change | 12.54% |
| Growth Volatility | 10.35 |
CSX Corporation - Net Assets Trend (1985–2025)
This chart illustrates how CSX Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CSX Corporation (1985–2025)
The table below shows the annual net assets of CSX Corporation from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $13.16 Billion | +5.22% |
| 2024-12-31 | $12.51 Billion | +4.36% |
| 2023-12-31 | $11.98 Billion | -5.07% |
| 2022-12-31 | $12.62 Billion | -6.48% |
| 2021-12-31 | $13.50 Billion | +2.97% |
| 2020-12-31 | $13.11 Billion | +10.51% |
| 2019-12-31 | $11.86 Billion | -5.70% |
| 2018-12-31 | $12.58 Billion | -14.54% |
| 2017-12-31 | $14.72 Billion | +25.89% |
| 2016-12-31 | $11.69 Billion | +0.22% |
| 2015-12-31 | $11.67 Billion | +4.40% |
| 2014-12-31 | $11.18 Billion | +6.40% |
| 2013-12-31 | $10.50 Billion | +16.69% |
| 2012-12-31 | $9.00 Billion | +6.31% |
| 2011-12-31 | $8.47 Billion | -2.67% |
| 2010-12-31 | $8.70 Billion | -1.81% |
| 2009-12-31 | $8.86 Billion | +10.09% |
| 2008-12-31 | $8.05 Billion | -7.33% |
| 2007-12-31 | $8.69 Billion | -3.83% |
| 2006-12-31 | $9.03 Billion | +13.54% |
| 2005-12-31 | $7.95 Billion | +16.78% |
| 2004-12-31 | $6.81 Billion | +5.55% |
| 2003-12-31 | $6.45 Billion | +3.40% |
| 2002-12-31 | $6.24 Billion | +1.98% |
| 2001-12-31 | $6.12 Billion | +1.71% |
| 2000-12-31 | $6.02 Billion | +4.53% |
| 1999-12-31 | $5.76 Billion | -2.11% |
| 1998-12-31 | $5.88 Billion | +1.98% |
| 1997-12-31 | $5.77 Billion | +15.44% |
| 1996-12-31 | $5.00 Billion | +17.75% |
| 1995-12-31 | $4.24 Billion | +13.70% |
| 1994-12-31 | $3.73 Billion | +17.33% |
| 1993-12-31 | $3.18 Billion | +6.89% |
| 1992-12-31 | $2.98 Billion | -6.51% |
| 1991-12-31 | $3.18 Billion | -10.14% |
| 1990-12-31 | $3.54 Billion | +0.57% |
| 1989-12-31 | $3.52 Billion | +8.61% |
| 1988-12-31 | $3.24 Billion | -33.26% |
| 1987-12-31 | $4.86 Billion | -0.31% |
| 1986-12-31 | $4.87 Billion | +6.05% |
| 1985-12-31 | $4.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CSX Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 285.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $10.56 Billion | 80.24% |
| Common Stock | $1.86 Billion | 14.13% |
| Other Comprehensive Income | $-213.00 Million | -1.62% |
| Other Components | $953.00 Million | 7.24% |
| Total Equity | $13.16 Billion | 100.00% |
CSX Corporation Competitors by Market Cap
The table below lists competitors of CSX Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sherwin-Williams Co
NYSE:SHW
|
$73.09 Billion |
|
0HO8
LSE:0HO8
|
$73.59 Billion |
|
MediaTek Inc
TW:2454
|
$73.88 Billion |
|
Mondelez International Inc
NASDAQ:MDLZ
|
$74.06 Billion |
|
Moody's Corp.
LSE:0K36
|
$72.96 Billion |
|
United Parcel Service Inc
NYSE:UPS
|
$72.23 Billion |
|
Moodys Corporation
NYSE:MCO
|
$72.19 Billion |
|
Royal Caribbean Group
LSE:0I1W
|
$72.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CSX Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,502,000,000 to 13,160,000,000, a change of 658,000,000 (5.3%).
- Net income of 2,889,000,000 contributed positively to equity growth.
- Dividend payments of 972,000,000 reduced retained earnings.
- Share repurchases of 1,396,000,000 reduced equity.
- Other comprehensive income increased equity by 19,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.89 Billion | +21.95% |
| Dividends Paid | $972.00 Million | -7.39% |
| Share Repurchases | $1.40 Billion | -10.61% |
| Other Comprehensive Income | $19.00 Million | +0.14% |
| Other Changes | $118.00 Million | +0.9% |
| Total Change | $- | 5.26% |
Book Value vs Market Value Analysis
This analysis compares CSX Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.71x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 47.77x to 5.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.84 | $40.31 | x |
| 1986-12-31 | $0.89 | $40.31 | x |
| 1987-12-31 | $0.87 | $40.31 | x |
| 1988-12-31 | $0.60 | $40.31 | x |
| 1989-12-31 | $0.93 | $40.31 | x |
| 1990-12-31 | $1.00 | $40.31 | x |
| 1991-12-31 | $0.88 | $40.31 | x |
| 1992-12-31 | $0.83 | $40.31 | x |
| 1993-12-31 | $0.84 | $40.31 | x |
| 1994-12-31 | $0.99 | $40.31 | x |
| 1995-12-31 | $1.11 | $40.31 | x |
| 1996-12-31 | $1.29 | $40.31 | x |
| 1997-12-31 | $1.49 | $40.31 | x |
| 1998-12-31 | $1.52 | $40.31 | x |
| 1999-12-31 | $1.50 | $40.31 | x |
| 2000-12-31 | $1.58 | $40.31 | x |
| 2001-12-31 | $1.31 | $40.31 | x |
| 2002-12-31 | $1.55 | $40.31 | x |
| 2003-12-31 | $1.67 | $40.31 | x |
| 2004-12-31 | $1.68 | $40.31 | x |
| 2005-12-31 | $1.94 | $40.31 | x |
| 2006-12-31 | $2.13 | $40.31 | x |
| 2007-12-31 | $2.15 | $40.31 | x |
| 2008-12-31 | $2.19 | $40.31 | x |
| 2009-12-31 | $2.48 | $40.31 | x |
| 2010-12-31 | $2.51 | $40.31 | x |
| 2011-12-31 | $2.59 | $40.31 | x |
| 2012-12-31 | $2.89 | $40.31 | x |
| 2013-12-31 | $3.44 | $40.31 | x |
| 2014-12-31 | $3.72 | $40.31 | x |
| 2015-12-31 | $3.95 | $40.31 | x |
| 2016-12-31 | $4.11 | $40.31 | x |
| 2017-12-31 | $5.37 | $40.31 | x |
| 2018-12-31 | $4.87 | $40.31 | x |
| 2019-12-31 | $4.96 | $40.31 | x |
| 2020-12-31 | $5.69 | $40.31 | x |
| 2021-12-31 | $5.99 | $40.31 | x |
| 2022-12-31 | $5.90 | $40.31 | x |
| 2023-12-31 | $5.95 | $40.31 | x |
| 2024-12-31 | $6.43 | $40.31 | x |
| 2025-12-31 | $7.06 | $40.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CSX Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.95%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.50%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 3.32x
- Recent ROE (21.95%) is above the historical average (14.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -2.57% | -1.61% | 0.64x | 2.50x | $-577.50 Million |
| 1986 | 8.58% | 6.59% | 0.50x | 2.60x | $-69.30 Million |
| 1987 | 8.89% | 5.37% | 0.61x | 2.72x | $-53.80 Million |
| 1988 | -1.02% | -0.43% | 0.58x | 4.02x | $-357.20 Million |
| 1989 | 12.63% | 5.54% | 0.63x | 3.62x | $89.30 Million |
| 1990 | 10.28% | 4.44% | 0.64x | 3.62x | $9.90 Million |
| 1991 | -2.39% | -0.88% | 0.67x | 4.02x | $-394.20 Million |
| 1992 | 0.67% | 0.23% | 0.67x | 4.39x | $-277.50 Million |
| 1993 | 11.29% | 4.02% | 0.67x | 4.22x | $41.00 Million |
| 1994 | 17.48% | 6.79% | 0.70x | 3.68x | $278.90 Million |
| 1995 | 14.57% | 5.88% | 0.74x | 3.37x | $193.80 Million |
| 1996 | 17.12% | 8.12% | 0.62x | 3.40x | $355.50 Million |
| 1997 | 13.86% | 7.52% | 0.53x | 3.46x | $222.40 Million |
| 1998 | 9.13% | 5.43% | 0.48x | 3.47x | $-51.00 Million |
| 1999 | 0.03% | 0.02% | 0.52x | 3.60x | $-573.60 Million |
| 2000 | 9.39% | 6.90% | 0.40x | 3.41x | $-36.70 Million |
| 2001 | 4.79% | 3.61% | 0.39x | 3.40x | $-319.00 Million |
| 2002 | 6.79% | 5.20% | 0.39x | 3.36x | $-200.10 Million |
| 2003 | 3.81% | 3.16% | 0.36x | 3.37x | $-399.30 Million |
| 2004 | 4.98% | 4.23% | 0.33x | 3.61x | $-342.10 Million |
| 2005 | 9.01% | 8.32% | 0.36x | 3.05x | $-78.40 Million |
| 2006 | 14.65% | 13.69% | 0.38x | 2.81x | $415.80 Million |
| 2007 | 15.38% | 13.32% | 0.39x | 2.94x | $467.50 Million |
| 2008 | 16.96% | 12.13% | 0.43x | 3.27x | $560.20 Million |
| 2009 | 12.74% | 12.47% | 0.33x | 3.06x | $242.40 Million |
| 2010 | 17.99% | 14.70% | 0.38x | 3.24x | $694.40 Million |
| 2011 | 21.53% | 15.52% | 0.40x | 3.48x | $976.20 Million |
| 2012 | 20.66% | 15.82% | 0.38x | 3.40x | $959.80 Million |
| 2013 | 17.76% | 15.51% | 0.38x | 3.03x | $814.60 Million |
| 2014 | 17.23% | 15.20% | 0.38x | 2.96x | $808.40 Million |
| 2015 | 16.86% | 16.65% | 0.34x | 3.00x | $800.20 Million |
| 2016 | 14.65% | 15.48% | 0.31x | 3.03x | $543.60 Million |
| 2017 | 37.16% | 47.95% | 0.32x | 2.43x | $4.00 Billion |
| 2018 | 26.30% | 27.00% | 0.33x | 2.92x | $2.05 Billion |
| 2019 | 28.08% | 27.90% | 0.31x | 3.22x | $2.14 Billion |
| 2020 | 21.11% | 26.13% | 0.27x | 3.04x | $1.45 Billion |
| 2021 | 28.01% | 30.19% | 0.31x | 3.00x | $2.43 Billion |
| 2022 | 32.59% | 27.70% | 0.35x | 3.32x | $2.85 Billion |
| 2023 | 30.62% | 25.03% | 0.35x | 3.52x | $2.47 Billion |
| 2024 | 27.76% | 23.87% | 0.34x | 3.42x | $2.22 Billion |
| 2025 | 21.95% | 20.50% | 0.32x | 3.32x | $1.57 Billion |
Industry Comparison
This section compares CSX Corporation's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $427,947,445,775
- Average return on equity (ROE) among peers: 10.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CSX Corporation (CSX) | $13.16 Billion | -2.57% | 2.32x | $73.08 Billion |
| Alstom PK (ALSMY) | $1.84 Billion | 9.84% | 9.00x | $659.84 Million |
| Alstom SA (AOMFF) | $9.10 Billion | -1.45% | 2.45x | $6.62 Billion |
| Bangkok Expressway and Metro Public Company Limited (BKKXF) | $37.66 Billion | 9.24% | 1.99x | $2.46 Billion |
| BTS Group Holdings Public Company Limited (BTGWF) | $52.15 Billion | 5.51% | 1.77x | $1.93 Billion |
| Central Japan Railway Co (CJPRY) | $3.51 Trillion | 12.51% | 1.65x | $9.22 Billion |
| Canadian National Railway Company (CNI) | $19.65 Billion | 18.04% | 1.28x | $58.49 Billion |
| Canadian Pacific Railway Ltd (CP) | $6.64 Billion | 29.40% | 2.23x | $68.42 Billion |
| CRRC Corporation Limited (CRCCY) | $169.14 Billion | 6.70% | 1.32x | $22.96 Billion |
| China Railway Signal & Communication Corporation Limited (CRYCY) | $47.28 Billion | 7.69% | 1.47x | $7.38 Billion |