CSX CORPORATION FY 2025 10-K, explained in plain English

Key financials — as reported

Total revenue	$14.1B
Gross margin	— not reported
Operating income	$4.5B
Net income	$2.9B
Diluted EPS	$1.54
Cash & equivalents	— not reported
Total assets	$43.7B
Long-term debt	$18.2B

Key takeaway

CSX reported $14.09 billion in revenue and $2.89 billion net income for fiscal year 2025.

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Beneath the surface

Cash and restricted cash of just $670 million against total debt of $18.87 billion implies a net debt position of roughly $18.2 billion, underscoring reliance on leverage rather than cash cushion.

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