CSX Net Debt from 2010 to 2026

CSX Stock

USD 39.30 0.08 0.20%

Long-term reporting places Net Debt within a compressing cycle. It is projected to reach approximately 19.6 B this year. Net Debt is the total debt of CSX Corporation minus its cash and cash equivalents. View All Fundamentals

Net Debt

First Reported

1985-12-31

Previous Quarter

19 B

Current Value

18.7 B

Quarterly Volatility

4.6 B

Macro event markers

Black Monday

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Interest Hikes

Use the financial statements timeline for CSX to frame performance drivers and balance sheet structure. This context pairs drivers like Depreciation And Amortization of 841.6 M, Interest Expense of 423.3 M or Total Revenue of 11.3 B and ratios such as Price To Sales Ratio of 5.03, Dividend Yield of 0.0244 or PTB Ratio of 5.39 with CSX Valuation and Volatility views.

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Compare CSX against competitors using CSX Correlation. This provides competitive positioning context.

Analyzing CSX's Net Debt over time reveals critical patterns in financial health and operational efficiency. This metric helps investors evaluate trends, identify inflection points, and make informed decisions based on historical performance. Understanding how Net Debt has evolved provides context for assessing CSX's current valuation and future prospects.

Latest CSX's Net Debt Growth Pattern

Below is the plot of the Net Debt of CSX Corporation over the last few years. It is the total debt of a company minus its cash and cash equivalents. CSX's Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CSX's overall financial position and show how it may be relating to other accounts over time.

Net Debt

10 Years Trend

Slightly volatile

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Net Debt

Timeline

CSX Net Debt Regression Statistics

	Arithmetic Mean	12,881,005,882
	Geometric Mean	11,792,766,979
	Coefficient Of Variation	35.96
	Mean Deviation	3,880,123,183
	Median	13,899,000,000
	Standard Deviation	4,632,524,899
	Sample Variance	21460286.9T
	Range	17.1B
	R-Value	0.96
	Mean Square Error	1587040.3T
	R-Squared	0.93
	Slope	885,004,412
	Total Sum of Squares	343364591T

CSX Net Debt History

	2026	19.6 B
	2025	18.7 B
	2024	18.1 B
	2023	17.7 B
	2022	16.6 B
	2021	14.6 B
	2020	14 B

Other Fundumenentals of CSX Corporation

Net Debt To E B I T D A

CSX Net Debt component correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Current Deferred Revenue	Short Term Investments	Common Stock	Long Term Debt	Property Plant Equipment	Good Will	Intangible Assets	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Accumulated Depreciation	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.9	0.75	0.77	0.08	0.98	0.51	0.11	-0.47	0.28	-0.21	0.68	0.87	0.98	0.47	-0.19	0.67	0.79	0.48	-0.06	0.8	-0.7	0.19	0.0	0.29	0.49
Total Stockholder Equity	0.9		0.58	0.93	-0.15	0.8	0.34	-0.2	-0.6	0.15	-0.27	0.5	0.72	0.9	0.28	-0.24	0.84	0.64	0.31	-0.1	0.68	-0.65	-0.07	-0.09	0.34	0.29
Net Debt	0.75	0.58		0.37	0.28	0.78	0.4	0.19	-0.23	0.38	-0.41	0.77	0.87	0.79	0.54	-0.16	0.67	0.87	0.87	-0.23	0.82	-0.64	0.6	0.18	0.09	0.71
Retained Earnings	0.77	0.93	0.37		-0.43	0.65	0.21	-0.29	-0.77	-0.04	-0.01	0.25	0.47	0.77	0.02	-0.3	0.69	0.36	0.04	0.06	0.42	-0.61	-0.29	-0.11	0.3	-0.01
Net Receivables	0.08	-0.15	0.28	-0.43		0.17	0.01	0.27	0.7	0.5	-0.44	0.31	0.35	0.06	0.68	0.45	-0.04	0.42	0.48	-0.32	0.42	0.1	0.45	0.01	-0.26	0.72
Total Liab	0.98	0.8	0.78	0.65	0.17		0.55	0.24	-0.38	0.31	-0.18	0.71	0.88	0.95	0.52	-0.15	0.56	0.81	0.53	-0.03	0.81	-0.68	0.29	0.04	0.25	0.55
Total Current Assets	0.51	0.34	0.4	0.21	0.01	0.55		0.05	-0.21	0.3	-0.08	0.71	0.57	0.4	0.49	-0.36	0.19	0.5	0.24	-0.2	0.38	-0.38	0.08	-0.32	0.81	0.36
Short Term Debt	0.11	-0.2	0.19	-0.29	0.27	0.24	0.05		0.21	-0.12	-0.09	0.29	0.09	0.1	0.07	0.25	-0.3	0.13	0.23	0.16	0.23	0.12	0.68	0.46	-0.33	0.21
Accounts Payable	-0.47	-0.6	-0.23	-0.77	0.7	-0.38	-0.21	0.21		0.19	-0.12	-0.22	-0.1	-0.5	0.23	0.2	-0.43	0.0	0.09	-0.47	-0.18	0.49	0.2	0.08	-0.2	0.21
Current Deferred Revenue	0.28	0.15	0.38	-0.04	0.5	0.31	0.3	-0.12	0.19		-0.31	0.39	0.44	0.26	0.61	0.15	0.15	0.45	0.53	-0.24	0.44	-0.17	0.05	-0.38	0.18	0.55
Short Term Investments	-0.21	-0.27	-0.41	-0.01	-0.44	-0.18	-0.08	-0.09	-0.12	-0.31		-0.6	-0.39	-0.25	-0.43	-0.2	-0.52	-0.45	-0.52	0.4	-0.68	0.18	-0.44	-0.03	-0.03	-0.57
Common Stock	0.68	0.5	0.77	0.25	0.31	0.71	0.71	0.29	-0.22	0.39	-0.6		0.75	0.65	0.66	0.05	0.52	0.73	0.65	-0.17	0.85	-0.49	0.55	-0.08	0.34	0.77
Long Term Debt	0.87	0.72	0.87	0.47	0.35	0.88	0.57	0.09	-0.1	0.44	-0.39	0.75		0.85	0.63	-0.29	0.69	0.98	0.73	-0.4	0.83	-0.63	0.37	0.04	0.37	0.68
Property Plant Equipment	0.98	0.9	0.79	0.77	0.06	0.95	0.4	0.1	-0.5	0.26	-0.25	0.65	0.85		0.38	-0.17	0.75	0.81	0.55	0.0	0.82	-0.71	0.25	0.07	0.19	0.49
Good Will	0.47	0.28	0.54	0.02	0.68	0.52	0.49	0.07	0.23	0.61	-0.43	0.66	0.63	0.38		0.29	0.25	0.59	0.47	-0.36	0.64	-0.29	0.25	-0.38	0.21	0.87
Intangible Assets	-0.19	-0.24	-0.16	-0.3	0.45	-0.15	-0.36	0.25	0.2	0.15	-0.2	0.05	-0.29	-0.17	0.29		-0.2	-0.25	-0.08	0.35	0.11	0.22	0.18	-0.19	-0.6	0.37
Net Tangible Assets	0.67	0.84	0.67	0.69	-0.04	0.56	0.19	-0.3	-0.43	0.15	-0.52	0.52	0.69	0.75	0.25	-0.2		0.69	0.53	-0.24	0.68	-0.56	0.16	0.01	0.23	0.41
Long Term Debt Total	0.79	0.64	0.87	0.36	0.42	0.81	0.5	0.13	0.0	0.45	-0.45	0.73	0.98	0.81	0.59	-0.25	0.69		0.8	-0.41	0.83	-0.57	0.47	0.1	0.29	0.72
Capital Surpluse	0.48	0.31	0.87	0.04	0.48	0.53	0.24	0.23	0.09	0.53	-0.52	0.65	0.73	0.55	0.47	-0.08	0.53	0.8		-0.29	0.72	-0.41	0.72	0.38	-0.06	0.64
Deferred Long Term Liab	-0.06	-0.1	-0.23	0.06	-0.32	-0.03	-0.2	0.16	-0.47	-0.24	0.4	-0.17	-0.4	0.0	-0.36	0.35	-0.24	-0.41	-0.29		-0.18	0.1	0.03	0.09	-0.38	-0.27
Long Term Investments	0.8	0.68	0.82	0.42	0.42	0.81	0.38	0.23	-0.18	0.44	-0.68	0.85	0.83	0.82	0.64	0.11	0.68	0.83	0.72	-0.18		-0.56	0.49	0.07	0.06	0.78
Accumulated Depreciation	-0.7	-0.65	-0.64	-0.61	0.1	-0.68	-0.38	0.12	0.49	-0.17	0.18	-0.49	-0.63	-0.71	-0.29	0.22	-0.56	-0.57	-0.41	0.1	-0.56		-0.12	0.0	-0.23	-0.32
Short Long Term Debt	0.19	-0.07	0.6	-0.29	0.45	0.29	0.08	0.68	0.2	0.05	-0.44	0.55	0.37	0.25	0.25	0.18	0.16	0.47	0.72	0.03	0.49	-0.12		0.57	-0.33	0.52
Net Invested Capital	0.0	-0.09	0.18	-0.11	0.01	0.04	-0.32	0.46	0.08	-0.38	-0.03	-0.08	0.04	0.07	-0.38	-0.19	0.01	0.1	0.38	0.09	0.07	0.0	0.57		-0.48	-0.23
Net Working Capital	0.29	0.34	0.09	0.3	-0.26	0.25	0.81	-0.33	-0.2	0.18	-0.03	0.34	0.37	0.19	0.21	-0.6	0.23	0.29	-0.06	-0.38	0.06	-0.23	-0.33	-0.48		0.01
Capital Stock	0.49	0.29	0.71	-0.01	0.72	0.55	0.36	0.21	0.21	0.55	-0.57	0.77	0.68	0.49	0.87	0.37	0.41	0.72	0.64	-0.27	0.78	-0.32	0.52	-0.23	0.01

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Stock Overview, Methodology & Data Sources

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. CSX Corporation was incorporated in 1978 and is headquartered in Jacksonville, Florida. CSX Corp operates under Railroads classification in the United States and is traded on NASDAQ Exchange. It employs 21946 people. Liquidity and trading activity can influence how quickly new information is reflected in CSX's price. Lower trading activity may introduce occasional variability in execution conditions. CSX has a market cap of 73.08 B, P/E of 17.03, ROE of 22.51%.

Methodology

Unless otherwise specified, financial data for CSX Corporation is derived from periodic company reporting (annual and quarterly where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on asset type. CSX (USA Stocks:CSX) prices are typically delayed by approximately 20 minutes from primary exchanges for listed equities. Data may be delayed depending on reporting sources and market conventions. Assumptions: Macroaxis analytics incorporate public filings and market reference sources and official disclosures from U.S. Securities and Exchange Commission (SEC) via EDGAR. Data harmonization may result in minor timing offsets. All analytics are generated using standardized, rules-based models designed to promote consistency and comparability across instruments. Model assumptions, reference parameters, and selected computational inputs are available in the Model Inputs section. If you have questions about our data sources or methodology, please contact Macroaxis Support.

Analyst Sources

CSX Corporation has active sell-side coverage. Source-validated coverage currently shows 26 approved analysts, while broader market-consensus totals may differ across providers due to methodology and update timing. 13 analysts have submitted revenue and/or earnings estimates that may be incorporated into Macroaxis consensus inputs where available. Representative analyst firms may include Stifel, Barclays, Morgan Stanley, Wells Fargo Securities, Evercore ISI, BMO Capital Markets, HSBC Global Research, Jefferies, among others. Updates may occur throughout the day.

This content is curated and reviewed by:

Gabriel Shpitalnik - Member of Macroaxis Editorial Board

Last reviewed on February 28th, 2026

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More Resources for CSX Stock Analysis

A structured review of CSX Corporation often starts with core financial statements and trend context. Key ratios help frame profitability, efficiency, and growth context for CSX Corporation Stock. Outlined below are key reports that provide context for CSX Corporation Stock:

How To Invest In CSX

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Is CSX Stock a good investment?

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What is CSX's Net Worth?

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Compare CSX against competitors using CSX Correlation. This provides competitive positioning context.

CSX at P/E 17.03 and ROE 22.51% (73.08 Billion market cap) - this analysis works best as a complementary layer when evaluating how the position fits in a broader portfolio. Combining those profitability and valuation signals with the risk, diversification, and comparative tools below produces a more informed Industrials position-sizing decision. You can also try the Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.

Quarterly Earnings Growth

-0.004

Dividend Share

0.52

Earnings Share

1.54

Revenue Per Share

7.536

Quarterly Revenue Growth

-0.01

The market value of CSX Corporation is measured differently than book value, which reflects CSX accounting equity. CSX's market capitalization is 73.08 B. The 5.56 P/B ratio shows CSX carries a substantial premium over its balance-sheet equity. Enterprise value stands at 91.76 B. Value and price for CSX are related but not identical, and they can diverge across cycles. Trading price represents the transaction level agreed by market participants.

It is useful to distinguish CSX's value from its trading price, which are computed with different methods. For CSX, key inputs include a P/E ratio of 17.03, a P/B ratio of 5.56, a profit margin of 20.5%, and ROE of 22.51%. CSX's trading price represents the transaction level agreed by market participants.

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CSX Net Debt from 2010 to 2026

Latest CSX's Net Debt Growth Pattern

CSX Net Debt Regression Statistics

CSX Net Debt History

Other Fundumenentals of CSX Corporation

CSX Net Debt component correlations

Stock Overview, Methodology & Data Sources

Methodology

Analyst Sources

This content is curated and reviewed by:

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