Revenue Decline Across the Business
Total revenue fell 3.1% year-over-year from $14.54B to $14.09B, signaling softer freight demand or pricing pressure across CSX's rail network in FY2025.
来源: 10-K Income Statement
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
CSX reported a challenging FY2025 with revenue declining 3.1% to $14.09B and net income falling 16.7% to $2.89B, reflecting significant margin compression as operating margin dropped roughly 400 basis points to 32.1%.
营收
140.92亿美元
同比 -3.08%
每股收益（稀释）
1.54美元
同比 -13.97%
营业利润
45.21亿美元
同比 -13.80%
SEC XBRL 原值
Csx (CSX) FY2025 营收 140.92亿美元，同比下降 3.1%。 营业利润率 32.1%，较去年同期的 36.1% 收窄 4.0 个百分点。 经营活动现金流 46.13亿美元，同比下降 12.1%。
近 4 个季度：3 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 0.54 | 0.52 | 超预期 +3.4% |
| 2026年3月 | 0.43 | 0.39 | 超预期 +9.2% |
| 2025年12月本次财报 | 0.39 | 0.42 | 不及预期 -6.1% |
| 2025年9月 | 0.44 | 0.43 | 超预期 +2.4% |
2025年12月 实际 EPS 0.39美元，分析师一致预期 0.42美元，不及预期 -6.1%。
由 AI 基于本次 SEC 报告整理
Total revenue fell 3.1% year-over-year from $14.54B to $14.09B, signaling softer freight demand or pricing pressure across CSX's rail network in FY2025.
来源: 10-K Income Statement
Operating income dropped 13.8% from $5.25B to $4.52B, with the operating margin contracting from approximately 36.1% to 32.1%, suggesting cost growth outpaced revenue or that revenue mix shifted unfavorably.
来源: 10-K Income Statement
Operating cash flow remained robust at $4.61B despite declining 12.1% from $5.25B in the prior year, demonstrating CSX's continued ability to convert earnings to cash even in a down cycle.
来源: 10-K Cash Flow Statement
Investing cash outflows increased to $2.85B (from $2.61B), reflecting continued capital expenditure commitments to maintain and expand the rail network, consistent with CSX's long-term infrastructure strategy.
来源: 10-K Cash Flow Statement
Share buybacks declined 37.6% to $1.40B from $2.24B in the prior year, and total financing outflows fell to $2.03B from $3.06B, suggesting a more conservative capital return posture amid weaker earnings.
来源: 10-K Cash Flow Statement
由 AI 基于本次 SEC 报告整理 · 高 2 中 3 低 0
CSX's revenue is highly dependent on freight volumes and pricing, both of which declined in FY2025. A prolonged softening in industrial production, coal exports, or intermodal demand could further pressure the top line and margins.
来源: 10-K Income Statement
Operating margin fell approximately 400 basis points to 32.1% in FY2025. If cost inflation (labor, fuel, maintenance) continues to outpace revenue recovery, profitability could remain under pressure in future periods.
来源: 10-K Income Statement & Key Ratios
CSX's current ratio stands at approximately 0.81, meaning current liabilities exceed current assets. While common for capital-intensive railroads with predictable cash flows, this leaves limited short-term liquidity buffer if operating cash flows deteriorate further.
来源: 10-K Balance Sheet & Key Ratios
Total liabilities of $30.52B against total assets of $43.68B imply a significant debt burden. Rising interest rates or refinancing needs could increase interest expense and further compress net income.
来源: 10-K Balance Sheet
Investing outflows of $2.85B in FY2025 reflect the capital-intensive nature of railroad operations. Any unexpected infrastructure needs or regulatory requirements could strain free cash flow generation.
来源: 10-K Cash Flow Statement
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 140.92 亿美元 | 145.40 亿美元 | -3.08% |
营业利润 亿美元 | 45.21 亿美元 | 52.45 亿美元 | -13.80% |
净利润 亿美元 | 28.89 亿美元 | 34.70 亿美元 | -16.74% |
每股收益（基本） 美元 | 1.54 美元 | 1.79 美元 | -13.97% |
每股收益（稀释） 美元 | 1.54 美元 | 1.79 美元 | -13.97% |
答案基于本次 SEC 报告与本页数据