Filing Flows › CSX (CSX) › Q2 2025
CSX (CSX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
CSX (CSX) reported revenue of $3.6B for the second quarter 2025 (Q2 2025), -3% from a year earlier and +4% from the quarter before. Operating margin was 35.9%, net earnings $829M (23.2% of revenue).
CSX, Q2 2025: revenue $3.6B (-3% year over year), operating margin 35.9%, net earnings $829M, operating cash flow $635M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | +4% | -3% |
| Operating profit | $1.3B | +23% | -11% |
| Net earnings | $829M | +28% | -14% |
| Operating cash flow | $635M | -49% | -43% |
What changed
Revenue was $3.6B in Q2 2025, down 3% year over year and up 4% from the previous quarter. Chemicals was the largest line at 20% of revenue. Coal lost $0.09B year over year (down 15%), 68% of the total change.
Operating profit was $1.3B, a 35.9% margin (down 3.2 points year over year). Total costs grew 2% against a revenue fall of 3%. Net earnings were $0.83B, down 14% year over year. The effective tax rate was 24.2%.
Operating cash flow was $0.64B (down 43% year over year), 77% of net earnings. Non-cash charges added back $0.43B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.64B. Capital expenditures of $0.78B exceeded it, leaving free cash flow of −$0.14B.
Questions
What was CSX's revenue in the second quarter 2025?
CSX (CSX) reported revenue of $3.6B for the second quarter 2025 (Q2 2025), -3% from a year earlier and +4% from the quarter before.
Was CSX profitable in the second quarter 2025?
Operating profit was $1.3B (35.9% of revenue) and net earnings $829M.
Source: CSX 10-Q on SEC EDGAR.