Filing Flows › CSX (CSX) › Q1 2025
CSX (CSX) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 16, 2025
CSX (CSX) reported revenue of $3.4B for the first quarter 2025 (Q1 2025), -7% from a year earlier and -3% from the quarter before. Operating margin was 30.4%, net earnings $646M (18.9% of revenue).
CSX, Q1 2025: revenue $3.4B (-7% year over year), operating margin 30.4%, net earnings $646M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -3% | -7% |
| Operating profit | $1.0B | -6% | -22% |
| Net earnings | $646M | -12% | -27% |
| Operating cash flow | $1.3B | -10% | +18% |
| Free cash flow | $536M | -3% | -2% |
What changed
Revenue was $3.4B in Q1 2025, down 7% year over year and down 3% from the previous quarter. Chemicals was the largest line at 20% of revenue. Coal lost $0.17B year over year (down 27%), 66% of the total change.
Operating profit was $1.0B, a 30.4% margin (down 5.9 points year over year). Total costs grew 2% against a revenue fall of 7%. Net earnings were $0.65B, down 27% year over year. The effective tax rate was 24.7%.
Operating cash flow was $1.3B (up 18% year over year), 194% of net earnings. Non-cash charges added back $0.42B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.17B. Capital expenditures of $0.72B left free cash flow of $0.54B.
Questions
What was CSX's revenue in the first quarter 2025?
CSX (CSX) reported revenue of $3.4B for the first quarter 2025 (Q1 2025), -7% from a year earlier and -3% from the quarter before.
Was CSX profitable in the first quarter 2025?
Operating profit was $1.0B (30.4% of revenue) and net earnings $646M.
Source: CSX 10-Q on SEC EDGAR.