What is the primary revenue source for CSX Corporation (CSX)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze CSX's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out CSX Corporation's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How CSX Corporation Makes Money: CSX Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

Operating margin improved by 3.98 percentage points year over year.

Revenue: USD 7.42B
Largest revenue segment share (Chemicals): 20.17%
Income tax expense: USD 574.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Operating marginOperating income · operating_income / revenue * 100
Largest revenue segment share (Chemicals)Chemicals · segment_value / revenue * 100
RevenueRevenue from contract with customer, excluding assessed tax · RevenueFromContractWithCustomerExcludingAssessedTax
Income tax expenseIncome tax expense (benefit) · IncomeTaxExpenseBenefit

Assets

Where is the money tied up, and how is the company financed?

Watch

Current assets do not cover near-term liabilities, indicating short-term funding pressure.

Property, plant and equipment: USD 36.95B
Accounts receivable: USD 1.46B
Cash and cash equivalents: USD 1.01B
Total liabilities: USD 30.64B
Shareholder equity: USD 14.09B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Accounts receivableAccounts receivable - net (note 8) · AccountsReceivableNetCurrent
Shareholder equityTotal shareholders' equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
Cash and cash equivalentsCash, cash equivalent, restricted cash, and restricted cash equivalent, continuing operation · CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
Property, plant and equipmentProperties - net · PropertyPlantAndEquipmentNet

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 143.67% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 1.81B
Operating cash flow: USD 2.60B
Cash conversion: 143.67%
Free cash flow: USD 1.48B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet earnings · NetIncomeLoss
Operating cash flowsum(waterfull.operating)
Cash conversionoperating_cash_flow / net_income * 100
Free cash flowcfo - capex

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 520.00M
Share repurchases: USD 518.00M
Net shareholder return: USD 1.04B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?