OakChart

CSX Corp

CSXIndustrials·Railroads·USA·Large·NASD·Nov 13 • 6:35 AM ET

52.70+0.30 (0.57%)
2026-11-13 12:59 CET
Market cap
$97.15B
Revenue, TTM
14,942.00 USD m
Net income, TTM
3,581.00 USD m
Free cash flow, TTM
3,213.00 USD m
EPS diluted, TTM
1.93
Price / earnings
27.34
Compare

Price

CSX against its 20, 50 and 200-day averages
Terms2050200Beat
Patternshover a marker to name it
RS 97Sales 3,978Price3,8433,88140.0045.0050.0014.6M29.2MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CSXclose 52.7020-day 50.9850-day 49.00200-day 46.3352.7052w high 53.6052-week range, not 6 months

1.7% under the 52-week high of 53.60 on 27 Jul 2026. 52-week low 33.63 on 20 Nov 2025. Last 15 sessions, 7.8% high to low

Volume 0.00× normal · the line is the 50-bar volume average

Setup. RS line 97
CANSLIM 6 of 6
VCP 5 of 6 — fails: RSI (14): Not Overbought (<60)
Minervini 4 of 4
Zanger 3 of 5 — fails: Performance: Week +10%; Relative Volume: Over 1.5
Leaders 5 of 5
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 3 of 4 — fails: EPS Growth Next Year: High (>25%)
Quality 2 of 5 — fails: Debt/Equity: Low (<0.1); P/E: Under 25; Current Ratio: Over 1
Value 1 of 4 — fails: P/E: Under 15; P/B: Under 2; Debt/Equity: Low (<0.1)
Income 1 of 4 — fails: Dividend Yield: Over 2%; Payout Ratio: Low (<20%); P/E: Under 25
Small Cap 3 of 4 — fails: Float: Under 100M
Accumulation 3 of 4 — fails: Institutional Transactions: Over +10%
Relative Strength 2 of 3 — fails: Performance: Year +100%

Profile

CSX
52-week range, 95% of the way up
33.6353.60

CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers, and bulk commodity operations. It operates through Rail and Trucking segments. The Rail segment provides rail-based transportation services including traditional rail service and the transport of intermodal containers. The Trucking segment relates to quality carriers. The company was founded in 1827 and is headquartered in Jacksonville, FL.

IndexNDX, S&P 500, RUI
Employees23000
IPONov 03, 1980
Beta1.11
ATR, 14d1.12
Rel volume0.00
Short float2.02%
Insider own0.14%
Inst own82.68%

Snapshot

6 groups

Valuation

IndexNDX, S&P 500, RUI
Market Cap$97.15B
Enterprise Value114.84B
Income3.58B
Sales14.94B
Book / share7.80
Cash / share0.87
Dividend Est.0.56 (1.07%)
Dividend TTM0.55 (1.04%)
Dividend Ex-DateNov 30, 2026
Dividend Gr. 3/5Y9.14% 8.24%
Payout33.71%
Employees23000
IPONov 03, 1980

Ratios

Price / earnings27.34
Forward price / earnings22.44
Price / earnings / growth1.32
Price / sales6.50
Price / book6.76
Price / cash60.53
Price / free cash flow30.24
Value / cash profit16.22
Value / sales7.69
Quick Ratio0.75
Current Ratio0.84
Debt / equity1.34
Long-term debt / equity1.22
Options and shortYes / Yes

Earnings

Earnings / share1.93
Earnings next year2.35
Earnings next quarter0.52
Earnings this year27.92%
Earnings next year14.02%
Earnings growth, 5 years16.96%
Past earnings growth-7.45% 5.15%
Past sales growth-1.74% 5.89%
Earnings vs last year25.25%
Sales vs last year5.80%
Earnings vs last quarter52.73%
Sales vs last quarter11.99%
EarningsOct 21 AMC
Surprise7.43% 1.40%

Ownership

Insiders own0.14%
Insider trades-7.50%
Institutions own82.68%
Institution trades-0.36%
Return on assets8.10%
Return on equity26.40%
Return on capital11.20%
Gross Margin36.39%
Operating margin36.39%
Profit Margin23.97%
20-day average3.38%
50-day average7.55%
200-day average13.75%

Technical

Shares out1.84B
Shares floating1.84B
Short / float2.02%
Short ratio3.49
Short interest37.22M
52-week high53.60 -1.7%
52-week low33.63 +56.7%
Volatility1.95% 2.34%
Average range1.12
Strength index61.84
Market sensitivity1.11
Relative volume0.00
Avg Volume10.67M
Volume1,265

Performance

Perf Week7.29%
Perf Month8.24%
Perf Quarter4.19%
Perf Half Y15.42%
Perf YTD45.38%
Perf Year51.09%
Perf 3Y73.07%
Perf 5Y49.59%
Perf 10Y357.20%
Recommendation1.96
Target Price54.43
Prev Close52.40
Price52.70
Change %0.57%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 23, 2026ReiteratedTD CowenBuy$46 → $54+2.5%
Jul 15, 2026InitiatedCitizensMkt Perform
Jul 14, 2026UpgradeSusquehannaNeutral → Positive$58+10.1%
Jul 08, 2026ResumedStephensOverweight$57+8.2%
Apr 23, 2026ReiteratedTD CowenBuy$40 → $45-14.6%
Apr 23, 2026DowngradeVertical ResearchBuy → Hold$44-16.5%
Apr 23, 2026DowngradeMorgan StanleyEqual-Weight → Underweight$30-43.1%
Apr 07, 2026DowngradeCitigroupBuy → Neutral$44-16.5%
Mar 19, 2026DowngradeEvercore ISIOutperform → In-line$41-22.2%
Sep 25, 2025UpgradeWells FargoEqual Weight → Overweight$40-24.1%

Peers

Mkt cap
TickerCompanyMkt cap
NSCNorfolk Southern Corp74.85B
UNPUnion Pacific Corp180.57B
CNICanadian National Railway Co76.63B
CPCanadian Pacific Kansas City Limited82.17B
WABWestinghouse Air Brake Technologies Corp50.43B
JBHTJ.B. Hunt Transport Services Inc21.22B
GBXGreenbrier Cos. Inc1.30B
ODFLOld Dominion Freight Line Inc35.37B
TRNTrinity Industries Inc2.36B
KNXKnight-Swift Transportation Holdings Inc10.03B

Insider trading

latest 14 of 22
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
ZILLMER JOHN JDirectorOct 26 '26Sale51.2419,500999,180334,214Oct 28 04:15 PM
ZILLMER JOHN JDirectorOct 26 '26Proposed Sale51.2419,500999,207Oct 27 09:15 AM
Williams Angela CVP & Chief Accounting OfficerJul 24 '26Sale53.2930,0001,598,70010,437Jul 27 04:15 PM
Burns Michael S.SVP - CLO & Corp SecyJul 24 '26Option Exercise26.5013,000344,50072,643Jul 27 04:15 PM
Burns Michael S.SVP - CLO & Corp SecyJul 24 '26Sale52.6813,000684,84059,643Jul 27 04:15 PM
ANGELA C WILLIAMSOfficerJul 24 '26Proposed Sale53.2830,0001,598,541Jul 24 04:08 PM
MICHAEL S BURNSOfficerJul 24 '26Proposed Sale52.6813,000684,792Jul 24 04:05 PM
Boone Kevin S.EVP & CFOJun 03 '26Option Exercise23.40136,7083,199,409345,330Jun 05 04:15 PM
Boone Kevin S.EVP & CFOJun 03 '26Sale46.70136,7086,384,264208,622Jun 05 04:15 PM
ZILLMER JOHN JDirectorJun 03 '26Sale46.4510,000464,500353,714Jun 04 04:15 PM
ZILLMER JOHN JDirectorJun 03 '26Proposed Sale46.3910,000463,887Jun 04 02:58 PM
KEVIN BOONEOfficerJun 03 '26Proposed Sale46.69136,7086,382,910Jun 03 04:29 PM
ANGEL STEPHEN FPresident & CEOMar 06 '26Buy40.2725,0001,006,750146,540Mar 06 04:39 PM
John ZillmerDirectorMar 06 '26Proposed Sale41.045,850240,084Mar 06 12:00 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
VOOVanguard S&P 500 ETFAUM: 1070.75B
QQQInvesco QQQ Trust Series 1AUM: 473.81B
IVViShares Core S&P 500 ETFAUM: 882.14B
SPYSPDR S&P 500 ETF TrustAUM: 805.69B
VTVVanguard Morningstar Value ETFAUM: 198.14B
XLIState Street Industrial Select Sector SPDR ETFAUM: 31.31B
VIGVanguard Dividend Appreciation FTFAUM: 117.98B
QQQMInvesco NASDAQ 100 ETFAUM: 109.07B
PAVEGlobal X U.S. Infrastructure Development ETFAUM: 13.65B

News

latest 14 of 200

Quarterly earnings

2026Q3 EPS 0.570 beat 0.531, from 0.440 a year earlier. Sales 4,017 beat 3,962, from 3,590 a year earlier
EPS
0.57002024Q4 EPS 0.420 against 0.42124Q42025Q1 EPS 0.340 against 0.36525Q12025Q2 EPS 0.440 against 0.41625Q22025Q3 EPS 0.440 against 0.42425Q32025Q4 EPS 0.390 against 0.41125Q42026Q1 EPS 0.430 against 0.38926Q12026Q2 EPS 0.540 against 0.51826Q22026Q3 EPS 0.570 against 0.53126Q3
Sales, USD millions
4,01702024Q4 sales 3,540 against 3,55824Q42025Q1 sales 3,423 against 3,45225Q12025Q2 sales 3,574 against 3,57625Q22025Q3 sales 3,590 against 3,57225Q32025Q4 sales 3,508 against 3,54125Q42026Q1 sales 3,482 against 3,48826Q12026Q2 sales 3,935 against 3,89426Q22026Q3 sales 4,017 against 3,96226Q3

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q3ended 2026-09-302026-10-21 16:300.5700.5310.5704,0173,962EPS +7.4% · sales +1.4%vs 2025Q3, year-ago quarter · EPS +29.5% · sales +11.9%22 EPS · 18 salesOpen +3.49% vs SPY -0.87%. Close +6.76% vs SPY -1.18%
2026Q2ended 2026-06-302026-07-22 16:300.5400.5180.5403,9353,894EPS +4.3% · sales +1.0%vs 2025Q2, year-ago quarter · EPS +22.7% · sales +10.1%22 EPS · 18 salesOpen +4.07% vs SPY -1.08%. Close +5.77% vs SPY -1.23%
2026Q1ended 2026-03-312026-04-22 16:300.4300.3890.4333,4823,488EPS +10.5% · sales -0.2%vs 2025Q1, year-ago quarter · EPS +26.5% · sales +1.7%21 EPS · 17 salesOpen +5.29% vs SPY -0.24%. Close +6.95% vs SPY -0.39%
2025Q4ended 2025-12-312026-01-22 16:300.3900.4110.3863,5083,541EPS -5.1% · sales -0.9%vs 2024Q4, year-ago quarter · EPS -7.1% · sales -0.9%23 EPS · 18 salesOpen +3.30% vs SPY -0.12%. Close +2.40% vs SPY +0.04%
2025Q3ended 2025-09-302025-10-16 16:300.4400.4240.3723,5903,572EPS +3.7% · sales +0.5%vs 2024Q3, year-ago quarter · EPS -4.3% · sales -0.8%24 EPS · 19 salesOpen +2.47% vs SPY -0.17%. Close +1.69% vs SPY +0.57%
2025Q2ended 2025-06-302025-07-23 16:300.4400.4160.4443,5743,576EPS +5.8% · sales -0.1%vs 2024Q2, year-ago quarter · EPS -10.2% · sales -3.4%24 EPS · 19 salesOpen +4.00% vs SPY +0.06%. Close +0.09% vs SPY +0.03%
2025Q1ended 2025-03-312025-04-16 16:300.3400.3650.3413,4233,452EPS -6.8% · sales -0.8%vs 2024Q1, year-ago quarter · EPS -26.1% · sales -7.0%24 EPS · 19 salesOpen -0.22% vs SPY +0.38%. Close +1.21% vs SPY +0.14%
2024Q4ended 2024-12-312025-01-23 16:300.4200.4210.3823,5403,558EPS -0.2% · sales -0.5%vs 2023Q4, year-ago quarter · EPS -6.7% · sales -3.8%24 EPS · 18 salesOpen -4.81% vs SPY +0.01%. Close -2.91% vs SPY -0.29%
2024Q3ended 2024-09-302024-10-16 16:300.4600.4770.4613,6193,675EPS -3.5% · sales -1.5%vs 2023Q3, year-ago quarter · EPS +9.5% · sales +1.3%24 EPS · 18 salesOpen -4.43% vs SPY +0.62%. Close -6.71% vs SPY +0.01%
2024Q2ended 2024-06-302024-08-05 16:300.4900.4780.4943,7013,698EPS +2.6% · sales +0.1%vs 2023Q2, year-ago quarter · EPS 0.0% · sales +0.1%22 EPS · 16 salesOpen -2.61% vs SPY +0.36%. Close +2.61% vs SPY +0.92%
2024Q1ended 2024-03-312024-04-17 16:300.4600.4520.4553,6813,667EPS +1.8% · sales +0.4%vs 2023Q1, year-ago quarter · EPS -4.2% · sales -0.7%23 EPS · 17 salesOpen +1.73% vs SPY +0.29%. Close +0.67% vs SPY -0.21%
2023Q4ended 2023-12-312024-01-24 16:300.4500.4420.4503,6803,632EPS +1.7% · sales +1.3%vs 2022Q4, year-ago quarter · EPS -8.2% · sales -1.3%24 EPS · 18 salesOpen +0.38% vs SPY +0.45%. Close +1.77% vs SPY +0.54%
2023Q3ended 2023-09-302023-10-19 16:300.4200.4260.4233,5723,553EPS -1.4% · sales +0.5%vs 2022Q3, year-ago quarter · EPS -19.2% · sales -8.4%24 EPS · 17 sales-
2023Q2ended 2023-06-302023-07-20 08:300.4900.4940.4923,6993,732EPS -0.7% · sales -0.9%vs 2022Q2, year-ago quarter · EPS -9.3% · sales -3.0%26 EPS · 19 sales-
2023Q1ended 2023-03-312023-04-20 16:300.4800.4260.4803,7063,579EPS +12.6% · sales +3.5%vs 2022Q1, year-ago quarter · EPS +23.1% · sales +8.6%26 EPS · 19 sales-
2022Q4ended 2022-12-312023-01-25 16:300.4900.4650.4893,7303,732EPS +5.3% · sales -0.1%vs 2021Q4, year-ago quarter · EPS +16.7% · sales +8.8%25 EPS · 20 sales-

Annual earnings

2025FY EPS 1.610 missed 1.638, from 1.830 a year earlier. Sales 14,092 missed 14,131, from 14,540 a year earlier
EPS
1.95002018FY EPS 1.278 against 1.27220182019FY EPS 1.390 against 1.38020192020FY EPS 1.217 against 1.20420202021FY EPS 1.680 against 1.54820212022FY EPS 1.950 against 1.89120222023FY EPS 1.850 against 1.83420232024FY EPS 1.830 against 1.82720242025FY EPS 1.610 against 1.6382025
Sales, USD millions
14,85302018FY sales 12,247 against 12,22820182019FY sales 11,940 against 11,96920192020FY sales 10,536 against 10,53420202021FY sales 12,522 against 12,41820212022FY sales 14,853 against 14,85220222023FY sales 14,657 against 14,61120232024FY sales 14,540 against 14,56920242025FY sales 14,092 against 14,1312025

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2030FYestimate-2.935--18,68717.96
2029FYestimate-2.813--17,96018.74
2028FYestimate-2.576--16,89920.46
2027FYestimate-2.348--16,29022.44
2026FYestimate-2.060--15,41525.59
2025FY1.6101.6381.54014,09214,13122.52
2024FY1.8301.8271.78614,54014,56917.63
2023FY1.8501.8341.82214,65714,61118.74
2022FY1.9501.8911.94614,85314,85215.89
2021FY1.6801.5481.67712,52212,41822.38
2020FY1.2171.2041.20010,53610,53424.86
2019FY1.3901.3801.39111,94011,96917.35
2018FY1.2781.2721.28112,24712,22816.21
2017FY0.7670.7381.99511,40411,42223.92
2016FY0.6030.6040.60211,10010,89619.85
2015FY0.6670.6590.66611,80011,85979.05
2014FY0.6400.6380.64012,70012,65782.34
2013FY0.6100.6090.61012,00012,02786.39
2012FY0.5970.5800.59711,75611,72188.32
2011FY0.5570.5590.55711,70011,79894.67
2010FY0.4510.4510.45110,62810,482116.83

Quarterly results

2026Q3 revenue 4,017, from 3,587 a year earlier. Operating margin 39.1%, from 34.9% a year earlier
Revenue, USD millions
4,01702024Q4 revenue 3,53924Q42025Q1 revenue 3,42325Q12025Q2 revenue 3,57425Q22025Q3 revenue 3,58725Q32025Q4 revenue 3,50825Q42026Q1 revenue 3,48226Q12026Q2 revenue 3,93526Q22026Q3 revenue 4,01726Q3
Operating margin
39.102024Q4 operating margin 34.2%24Q42025Q1 operating margin 30.4%25Q12025Q2 operating margin 35.9%25Q22025Q3 operating margin 34.9%25Q32025Q4 operating margin 31.6%25Q42026Q1 operating margin 35.9%26Q12026Q2 operating margin 38.3%26Q22026Q3 operating margin 39.1%26Q3

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY E 2.06 per share.
PeriodTypeScaleDateMeanvs prior date
2026FYEper share2026-11-092.06+0.1%
2026Q4Eper share2026-10-290.520.0%
2026FYRper share2026-10-292.060.0%
2026FYSUSD millions2026-10-2915,4150.0%
2026Q4Rper share2026-10-230.52+0.2%
2026Q4SUSD millions2026-10-233,9780.0%
2026Q3Eper share2026-10-190.53-0.1%
2026Q3SUSD millions2026-10-193,962+0.0%
2026Q3Rper share2026-10-140.53-0.3%
2026Q2SUSD millions2026-07-173,894+0.0%
2026Q2Eper share2026-07-150.52+0.2%
2026Q2Rper share2026-07-140.51+0.8%
2026Q1Eper share2026-04-200.39+0.1%
2026Q1Rper share2026-04-200.39+0.2%
2026Q1SUSD millions2026-04-203,488+0.0%
2025FYEper share2026-01-211.64+0.0%
2025Q4Eper share2026-01-210.41-0.3%
2025FYRper share2026-01-151.60-0.2%
2025Q4Rper share2026-01-150.41-0.7%
2025FYSUSD millions2026-01-1514,1310.0%
2025Q4SUSD millions2026-01-153,541-0.2%
2025Q3Eper share2025-10-150.42-0.3%
2025Q3Rper share2025-10-130.43-0.5%
2025Q3SUSD millions2025-10-133,572-0.2%
2025Q2Eper share2025-07-220.42+0.1%
2025Q2SUSD millions2025-07-173,5760.0%
2025Q2Rper share2025-07-140.42-0.5%
2025Q1Eper share2025-04-110.37-1.2%
2025Q1Rper share2025-04-110.37-1.8%
2025Q1SUSD millions2025-04-113,452-0.3%
2024FYEper share2025-01-221.830.0%
2024Q4Eper share2025-01-220.420.0%
2024FYSUSD millions2025-01-2114,569+0.0%
2024Q4SUSD millions2025-01-213,558+0.0%
2024FYRper share2025-01-171.83-0.1%
2024Q4Rper share2025-01-170.42-0.6%
2024Q3Eper share2024-10-140.48-0.3%
2024Q3Rper share2024-10-110.48-0.4%
2024Q3SUSD millions2024-10-113,675-0.1%
2024Q2Eper share2024-07-270.48+0.0%
2024Q2Rper share2024-07-270.48-0.2%
2024Q2SUSD millions2024-07-273,698-0.1%
2024Q1Eper share2024-04-160.450.0%
2024Q1SUSD millions2024-04-123,667-0.1%
2024Q1Rper share2024-04-110.45-0.4%
2023FYEper share2024-01-221.83+0.0%
2023FYSUSD millions2024-01-1914,611+0.0%
2023FYRper share2024-01-181.84+0.1%

Estimate history

Annual
Metric201720182019202020212022202320242025TTMMRQ
EPS per share1.9951.2811.3911.21.6771.9461.8221.7861.5431.9276-
Sales USD millions11,40812,25011,93710,58312,52214,85314,65714,54014,09214,942-
Shares million shares2,6702,4552,3202,2882,2022,0661,9591,9001,860-1,843
Quarterly
MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
EPS per share0.4610.3820.3410.4440.3720.3860.4330.540.568
Sales USD millions3,6193,5393,4233,5743,5873,5083,4823,9354,017
Shares million shares1,9281,9001,8791,8641,8621,8601,8581,8521,843

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Total Revenue14,942.0014,092.00-3.1%14,540.00-0.8%14,657.00-1.3%14,853.00+18.6%12,522.00+18.3%10,583.00-11.3%11,937.00-2.6%12,250.00
Cost of Goods Sold Incl. D&A9,505.009,214.00+2.0%9,034.00-0.2%9,054.00+1.4%8,925.00+23.4%7,233.00+17.8%6,141.00-13.3%7,085.00-5.6%7,509.00
Gross Profit5,437.004,878.00-11.4%5,506.00-1.7%5,603.00-5.5%5,928.00+12.1%5,289.00+19.1%4,442.00-8.5%4,852.00+2.3%4,741.00
Other Operating Expense0.00167.00+19.3%140.00+2.9%136.00-4.9%143.00+10.0%130.00+21.5%107.000.0%107.00+9.2%98.00
Operating Income5,437.004,711.00-12.2%5,366.00-1.8%5,467.00-5.5%5,785.00+12.1%5,159.00+19.0%4,335.00-8.6%4,745.00+2.2%4,643.00
Interest Expense844.00844.00+1.4%832.00+2.8%809.00+9.0%742.00+2.8%722.00-4.2%754.00+2.3%737.00+15.3%639.00
Unusual Expense0.00190.00+43.9%132.00+6500.0%2.00-50.0%4.00-78.9%19.00-66.1%56.00+75.0%32.00+33.3%24.00
Net Income Before Taxes4,687.003,769.00-17.3%4,555.00-5.7%4,829.00-10.8%5,414.00+9.4%4,951.00+36.5%3,627.00-16.0%4,316.00+0.3%4,304.00
Income Taxes1,106.00880.00-18.9%1,085.00-6.5%1,161.00-7.0%1,248.00+6.7%1,170.00+35.7%862.00-12.5%985.00-1.0%995.00
Consolidated Net Income3,581.002,889.00-16.7%3,470.00-5.4%3,668.00-12.0%4,166.00+10.2%3,781.00+36.7%2,765.00-17.0%3,331.00+0.7%3,308.00
Net Income From Continuing Operations3,581.002,889.00-16.7%3,470.00-5.4%3,668.00-12.0%4,166.00+10.2%3,781.00+36.7%2,765.00-17.0%3,331.00+0.7%3,308.00
Net Income3,581.002,889.00-16.7%3,470.00-5.4%3,668.00-12.0%4,166.00+10.2%3,781.00+36.7%2,765.00-17.0%3,331.00+0.7%3,308.00
EPS (Recurring) per share1.931.61-12.0%1.83+0.5%1.82-6.7%1.95+16.1%1.68+37.7%1.22-12.9%1.40+8.5%1.29
EPS (Basic, Before Extraordinaries) per share1.931.54-14.0%1.79-2.2%1.83-6.2%1.95+16.1%1.68+40.0%1.20-13.7%1.39+7.8%1.29
EPS (Diluted) per share1.931.54-14.0%1.79-1.6%1.82-6.7%1.95+16.1%1.68+40.0%1.20-13.7%1.39+8.6%1.28
EBITDA7,080.006,423.00-8.9%7,052.00-0.7%7,103.00-2.5%7,285.00+10.7%6,579.00+15.1%5,718.00-6.2%6,094.00+2.0%5,974.00
Non-Operating Income (Expense)94.0092.00-39.9%153.00-11.6%173.00-53.9%375.00-29.6%533.00+422.5%102.00-70.0%340.00+4.9%324.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00-1.00
Stock Option Compensation Expense35.0041.00+51.9%27.00-41.3%46.00-19.3%57.00-32.1%84.00+740.0%10.00-67.7%31.00+24.0%25.00
Price To Earnings Ratio ratio statement ratio, not the snapshot27.1827.1817.3518.4116.4822.4125.2217.3516.13
Price To Sales Ratio ratio5.774.824.314.764.476.776.594.844.37
Gross Margin %36.3934.6237.8738.2339.9142.2441.9740.6538.70
Operating Margin %36.3933.4336.9137.3038.9541.2040.9639.7537.90
Net Margin %23.9720.5023.8725.0328.0530.1926.1327.9027.00
Shares Outstanding million shares1,843.401,859.74-2.1%1,900.19-3.0%1,958.76-5.2%2,066.00-6.2%2,202.00-3.7%2,287.59-1.4%2,320.41-5.5%2,454.54
Market Capitalization96,594.1696,594.16+55.2%62,230.11-9.2%68,512.43+5.2%65,132.66-21.9%83,396.05+20.5%69,199.59+23.6%55,968.41+10.1%50,833.57

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Total Revenue4,017.00+12.0%3,935.00+10.1%3,482.00+1.7%3,508.00-0.9%3,587.00-0.9%3,574.00-3.4%3,423.00-7.0%3,539.00-3.8%
Cost of Goods Sold Incl. D&A2,447.00+4.8%2,429.00+6.0%2,231.00-6.3%2,398.00+3.0%2,336.00+3.2%2,291.00+1.0%2,382.00+2.3%2,328.00-1.7%
Gross Profit1,570.00+25.5%1,506.00+17.4%1,251.00+20.2%1,110.00-8.3%1,251.00-7.7%1,283.00-10.4%1,041.00-23.0%1,211.00-7.7%
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,570.00+25.5%1,506.00+17.4%1,251.00+20.2%1,110.00-8.3%1,251.00-7.7%1,283.00-10.4%1,041.00-23.0%1,211.00-7.7%
Interest Expense207.00-1.4%211.00-0.5%213.00+1.9%213.00+2.9%210.00+1.9%212.00+1.4%209.00-0.5%207.00+1.5%
Unusual Expense0.00-100.0%0.000.000.00-100.0%164.000.000.00108.00
Net Income Before Taxes1,384.00+54.1%1,320.00+20.8%1,063.00+23.9%920.00-1.7%898.00-24.2%1,093.00-13.7%858.00-27.6%936.00-18.5%
Income Taxes332.00+62.7%318.00+20.5%256.00+20.8%200.00-1.5%204.00-29.7%264.00-13.2%212.00-27.4%203.00-22.8%
Consolidated Net Income1,052.00+51.6%1,002.00+20.9%807.00+24.9%720.00-1.8%694.00-22.4%829.00-13.9%646.00-27.7%733.00-17.3%
Net Income From Continuing Operations1,052.00+51.6%1,002.00+20.9%807.00+24.9%720.00-1.8%694.00-22.4%829.00-13.9%646.00-27.7%733.00-17.3%
Net Income1,052.00+51.6%1,002.00+20.9%807.00+24.9%720.00-1.8%694.00-22.4%829.00-13.9%646.00-27.7%733.00-17.3%
EPS (Recurring) per share0.57+32.6%0.54+22.7%0.43+26.5%0.39-7.1%0.43-6.5%0.44-10.2%0.34-26.1%0.42-6.7%
EPS (Basic, Before Extraordinaries) per share0.57+54.1%0.54+22.7%0.43+26.5%0.39+2.6%0.37-19.6%0.44-12.0%0.34-26.1%0.38-15.6%
EPS (Diluted) per share0.57+54.1%0.54+22.7%0.43+26.5%0.39+2.6%0.37-19.6%0.44-10.2%0.34-26.1%0.38-15.6%
EBITDA1,983.00+18.4%1,917.00+12.1%1,666.00+13.6%1,514.00-7.3%1,675.00-5.5%1,710.00-7.2%1,466.00-16.8%1,633.00-5.6%
Non-Operating Income (Expense)21.000.0%25.00+13.6%25.00-3.8%23.00-42.5%21.00-38.2%22.00-50.0%26.00-39.5%40.00-2.4%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense16.00+60.0%5.00-58.3%6.00-45.5%8.0010.00-16.7%12.00+20.0%11.000.0%-
Price To Earnings Ratio ratio statement ratio, not the snapshot27.1829.0726.6023.5621.8219.4416.4217.35
Price To Sales Ratio ratio5.776.095.404.794.694.313.904.26
Gross Margin %39.0838.2735.9331.6434.8835.9030.4134.22
Operating Margin %39.0838.2735.9331.6434.8835.9030.4134.22
Net Margin %26.1925.4623.1820.5219.3523.2018.8720.71
Shares Outstanding million shares1,843.40-1.0%1,852.31-0.6%1,858.14-1.1%1,859.74-2.1%1,862.14-3.4%1,864.28-3.8%1,878.55-3.9%1,900.19-3.0%
Market Capitalization96,594.16+45.9%88,317.39+44.1%76,334.94+36.9%67,502.57+8.5%66,200.58-1.1%61,297.09-6.3%55,758.67-23.2%62,230.11-9.2%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/20182017FY12/31/2017
Cash & Short Term Investments675.00-32.8%1,005.00-30.0%1,436.00-31.2%2,087.00-9.9%2,316.00-26.0%3,131.00+60.2%1,954.00+75.9%1,111.00+165.2%419.00
Short Term Receivables1,298.00-2.1%1,326.00-4.8%1,393.00+6.1%1,313.00+14.4%1,148.00+25.9%912.00-7.5%986.00-2.4%1,010.00+4.1%970.00
Inventories390.00-5.8%414.00-5.9%440.00+29.0%341.00+0.6%339.00+12.3%302.00+15.7%261.00-0.8%263.00-29.3%372.00
Other Current Assets187.00+149.3%75.00-16.7%90.00-16.7%108.00+54.3%70.00-27.1%96.00+24.7%77.00-57.5%181.00+17.5%154.00
Total Current Assets2,550.00-9.6%2,820.00-16.0%3,359.00-12.7%3,849.00-0.6%3,873.00-12.8%4,441.00+35.5%3,278.00+27.8%2,565.00+33.9%1,915.00
Net Property, Plant & Equipment37,275.00+3.1%36,145.00+2.6%35,219.00+1.4%34,747.00+3.7%33,516.00+1.8%32,916.00+0.7%32,700.00+2.2%31,998.00+0.7%31,764.00
Total Investments and Advances2,834.00+6.2%2,669.00+4.2%2,562.00+5.9%2,419.00+10.5%2,190.00+6.1%2,065.00+5.0%1,967.00+5.4%1,867.00+5.9%1,763.00
Intangible Assets267.00-38.3%433.00-14.4%506.00+0.8%502.00+11.3%451.00---63.00
Deferred Tax Assets560.00-1.4%568.00+1.1%562.00-14.6%658.00+8.8%605.00+26.6%478.00-23.4%624.00-17.2%754.00-14.3%880.00
Other Assets756.00+8.5%697.00+23.1%566.00+43.3%395.00-21.2%501.00+35.0%371.00+18.9%312.00+4.3%299.00+0.7%297.00
Total Assets44,242.00+2.1%43,332.00+1.3%42,774.00+0.5%42,570.00+3.5%41,136.00+2.1%40,271.00+3.6%38,881.00+3.7%37,483.00+2.4%36,619.00
Short Term Debt Incl. Current Port. of LT Debt775.00+14.1%679.00+8.5%626.00+184.5%220.00-10.2%245.00-45.1%446.00+47.7%302.00+1577.8%18.00-5.3%19.00
Accounts Payable1,149.00-10.9%1,290.00+4.3%1,237.00+9.5%1,130.00+17.3%963.00+19.0%809.00-22.4%1,043.00+9.9%949.00+12.0%847.00
Income Tax Payable118.00-76.8%508.00-3.1%524.00+372.1%111.00-17.2%134.00+83.6%73.00+5.8%69.00-34.9%106.00-32.5%157.00
Other Current Liabilities1,091.00+36.5%799.00-4.4%836.00-17.2%1,010.00+13.4%891.00+28.9%691.00-6.2%737.00-12.5%842.00-3.3%871.00
Total Current Liabilities3,133.00-4.4%3,276.00+1.6%3,223.00+30.4%2,471.00+10.7%2,233.00+10.6%2,019.00-6.1%2,151.00+12.3%1,915.00+1.1%1,894.00
Long Term Debt18,644.00+1.4%18,383.00-0.4%18,466.00+0.4%18,384.00+10.3%16,663.00-0.6%16,759.00+1.7%16,486.00+11.9%14,739.00+25.0%11,790.00
Provision for Risks Charges464.00-3.7%482.00+0.8%478.00-0.4%480.00-14.7%563.00-1.7%573.00-5.6%607.00-1.9%619.00-10.2%689.00
Deferred Tax Liabilities8,474.00+2.2%8,293.00+0.4%8,261.00+0.4%8,227.00+3.0%7,988.00+4.5%7,646.00+0.8%7,585.00+1.9%7,444.00+2.0%7,298.00
Other Liabilities367.00-6.1%391.00+8.3%361.00-5.7%383.00+102.6%189.00+15.2%164.00-13.2%189.00+1.6%186.00-18.1%227.00
Total Liabilities31,082.00+0.8%30,825.00+0.1%30,789.00+2.8%29,945.00+8.4%27,636.00+1.7%27,161.00+0.5%27,018.00+8.5%24,903.00+13.7%21,898.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity13,155.00+5.2%12,502.00+4.4%11,980.00-5.0%12,615.00-6.5%13,490.00+3.0%13,101.00+10.6%11,848.00-5.7%12,563.00-14.6%14,705.00
Total Shareholders Equity13,155.00+5.2%12,502.00+4.4%11,980.00-5.0%12,615.00-6.5%13,490.00+3.0%13,101.00+10.6%11,848.00-5.7%12,563.00-14.6%14,705.00
Accumulated Minority Interest5.000.0%5.000.0%5.00-50.0%10.000.0%10.00+11.1%9.00-40.0%15.00-11.8%17.00+6.3%16.00
Total Equity13,160.00+5.2%12,507.00+4.4%11,985.00-5.1%12,625.00-6.5%13,500.00+3.0%13,110.00+10.5%11,863.00-5.7%12,580.00-14.5%14,721.00
Total Liabilities & Stockholders Equity44,242.00+2.1%43,332.00+1.3%42,774.00+0.5%42,570.00+3.5%41,136.00+2.1%40,271.00+3.6%38,881.00+3.7%37,483.00+2.4%36,619.00
Book Value Per Share per share7.07+7.4%6.58+7.5%6.12+0.2%6.11-0.3%6.13+7.0%5.73+12.1%5.11-0.2%5.12-7.1%5.51
Tangible Book Value Per Share per share6.93+9.1%6.35+8.4%5.860.0%5.86-1.0%5.92+3.3%5.73+12.1%5.11-0.2%5.12-7.1%5.51
Full-Time Employees people23,000-2.1%23,500+2.2%23,000+2.2%22,500+7.7%20,900+8.3%19,300-8.1%21,000-6.7%22,500-6.3%24,000
Price to Book Ratio ratio6.724.815.735.066.145.284.724.054.52
Return on Assets %6.608.048.609.959.296.998.728.9315.06
Return on Equity %22.5228.1829.8331.9228.4422.1727.2924.2641.46
Return on Invested Capital %9.0911.2412.0513.4412.549.2611.7612.1220.65
Quick Ratio ratio0.690.730.911.421.582.051.401.200.81
Current Ratio ratio0.810.861.041.561.732.201.521.341.01

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Net Income3,581.002,889.00-16.7%3,470.00-5.4%3,668.00-12.0%4,166.00+10.2%3,781.00+36.7%2,765.00-17.0%3,331.00+0.7%3,309.00
Depreciation1,643.001,680.00+1.3%1,658.00+3.2%1,607.00+7.1%1,500.00+5.6%1,420.00+2.7%1,383.00+2.5%1,349.00+1.4%1,331.00
Other Funds (Non Cash)-140.0094.00+184.8%33.00-41.00-255.00-442.00-67.00-220.00-286.00
Funds from Operations5,250.004,857.00-6.1%5,173.00-3.5%5,360.00-3.0%5,528.00+12.2%4,926.00+15.6%4,261.00-10.0%4,733.00+2.2%4,633.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital352.00-244.00-429.7%74.00-51.9%154.00+69.2%91.00-47.4%173.00+8550.0%2.00-98.3%117.00+1362.5%8.00
Income Taxes Payable195.00-399.00-19.00-104.4%430.00-39.00-154.2%72.00+84.6%39.00+1850.0%2.00-104.00
Cash from Operating Activities5,602.004,613.00-12.1%5,247.00-4.8%5,514.00-1.9%5,619.00+10.2%5,099.00+19.6%4,263.00-12.1%4,850.00+4.5%4,641.00
Capital Expenditures-2,389.00-2,902.00-2,529.00-2,257.00-2,133.00-1,791.00-1,626.00-1,657.00-1,745.00
Net Assets From Acquisitions-1.00-16.00-70.00-31.00-227.00-541.000.000.000.00
Sale of Fixed Assets and Businesses158.0078.00+18.2%66.00-25.0%88.00-64.2%246.00-53.5%529.00+844.6%56.00-78.0%254.00-20.4%319.00
Purchase or Sale of Investments-354.0080.00+220.0%25.00-49.0%49.00-50.00-70.00-107.0%998.00-730.00-231.00
Purchase of Investments-515.000.00-66.00-104.00-59.00-75.00-426.00-2,838.00-736.00
Sale Or Maturity of Investments161.0080.00-12.1%91.00-40.5%153.00+1600.0%9.00+80.0%5.00-99.6%1,424.00-32.4%2,108.00+317.4%505.00
Other Uses-50.00-91.00-97.00-76.000.00-4.00-77.000.00-27.00
Other Sources23.000.000.000.00-100.0%33.000.000.00-100.0%31.000.00
Cash from Investing Activities-2,613.00-2,851.00-2,605.00-2,227.00-2,131.00-1,877.00-649.00-2,102.00-1,684.00
Cash Dividends Paid-1,021.00-972.00-930.00-882.00-852.00-839.00-797.00-763.00-751.00
Change in Capital Stock-1,173.00-1,396.00-2,237.00-3,482.00-4,731.00-2,886.00-867.00-3,373.00-4,671.00
Repurchase of Common Pref Stock-1,173.00-1,396.00-2,237.00-3,482.00-4,731.00-2,886.00-867.00-3,373.00-4,671.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-311.00287.00-8.00-101.8%447.00-75.4%1,814.00-426.00-267.1%255.00-82.8%1,482.00-50.3%2,981.00
Change in Long Term Debt-311.00287.00-8.00-101.8%447.00-75.4%1,814.00-426.00-267.1%255.00-82.8%1,482.00-50.3%2,981.00
Issuance of Long Term Debt300.00900.00+63.6%550.00-8.3%600.00-70.0%2,000.000.00-100.0%1,000.00-50.0%2,000.00-33.3%3,000.00
Reduction of Long Term Debt-611.00-613.00-558.00-153.00-186.00-426.00-745.00-518.00-19.00
Net Financing Active Other Cash Flow127.0056.00-50.4%113.00+126.0%50.000.00-100.0%39.00-34.00-666.7%6.00-59.00
Other Financing Activities Uses0.000.000.000.000.000.00-34.000.00-59.00
Cash from Financing Activities-2,378.00-2,025.00-3,062.00-3,867.00-3,769.00-4,112.00-1,443.00-2,648.00-2,500.00
Net Change in Cash611.00-263.00-420.00-580.00-281.00-890.00-141.0%2,171.00+2071.0%100.00-78.1%457.00
Free Cash Flow3,213.001,711.00-37.0%2,718.00-16.5%3,257.00-6.6%3,486.00+5.4%3,308.00+25.4%2,637.00-17.4%3,193.00+10.3%2,896.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow ratio39.3291.8835.0729.3925.1834.3437.8823.7624.94
Deferred Taxes & Investment Tax Credit-194.00+1516.7%12.00-90.5%126.00+7.7%117.00-29.9%167.00-7.2%180.00-34.1%273.00-2.2%279.00

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Cash & Short Term Investments1,605.00+159.7%1,390.00+253.7%1,109.00-3.3%675.00-32.8%618.00-62.7%393.00-68.4%1,147.00-22.8%1,005.00-30.0%
Short Term Receivables1,485.00+8.4%1,456.00+3.3%1,387.00+2.9%1,298.00-2.1%1,370.00-3.0%1,409.00-1.5%1,348.00-3.7%1,326.00-4.8%
Inventories401.00-3.1%406.00-3.3%439.00+0.2%390.00-5.8%414.00-0.2%420.00+0.7%438.00-2.9%414.00-7.2%
Other Current Assets142.00+30.3%156.00+88.0%176.00+102.3%187.00+149.3%109.00+17.2%83.00-8.8%87.00-36.0%75.00-31.2%
Total Current Assets3,633.00+44.7%3,408.00+47.9%3,111.00+3.0%2,550.00-9.6%2,511.00-29.8%2,305.00-27.5%3,020.00-13.0%2,820.00-16.7%
Net Property, Plant & Equipment37,619.00+1.7%37,424.00+1.9%37,267.00+2.5%37,275.00+3.1%37,004.00+3.7%36,724.00+3.6%36,344.00+2.2%36,145.00+2.0%
Total Investments and Advances2,730.00+4.0%2,688.00+3.4%2,672.00+4.5%2,834.00+6.2%2,625.00+5.6%2,599.00+5.9%2,557.00+3.3%2,669.00+4.2%
Intangible Assets258.00-4.4%261.00-40.3%264.00-38.6%267.00-38.3%270.00-50.4%437.00-18.3%430.00-17.3%433.00-14.4%
Deferred Tax Assets---560.00-1.4%---568.00+1.1%
Other Assets914.00+5.2%945.00+9.4%918.00+8.3%756.00+8.5%869.00+9.3%864.00+17.1%848.00+27.5%697.00+33.3%
Total Assets45,154.00+4.3%44,726.00+4.2%44,232.00+2.4%44,242.00+2.1%43,279.00+0.5%42,929.00+1.3%43,199.00+1.2%43,332.00+0.8%
Short Term Debt Incl. Current Port. of LT Debt1,702.00+179.9%1,702.00+176.3%710.00+17.4%775.00+14.1%608.00+10033.3%616.00+10.6%605.00+8.6%679.00+8.5%
Accounts Payable1,137.00-15.4%1,111.00-12.7%1,115.00-15.2%1,149.00-10.9%1,344.00+3.3%1,273.00+6.8%1,315.00+0.7%1,290.00+4.3%
Income Tax Payable205.00+25.0%188.00+20.5%294.00-57.1%118.00-76.8%164.00-56.7%156.00+27.9%685.00+79.3%508.00-3.2%
Other Current Liabilities1,265.00+48.8%1,153.00+22.9%1,102.00+35.0%1,091.00+36.5%850.00-3.7%938.00+8.1%816.00+4.7%799.00-4.4%
Total Current Liabilities4,309.00+45.3%4,154.00+39.3%3,221.00-5.8%3,133.00-4.4%2,966.00+15.5%2,983.00+8.9%3,421.00+13.1%3,276.00+1.6%
Long Term Debt17,594.00-7.6%17,655.00-7.2%18,627.00-2.0%18,644.00+1.4%19,035.00+0.0%19,034.00+3.2%19,010.00+3.1%18,383.00-0.4%
Provision for Risks Charges294.00-5.5%300.00-1.3%300.00-6.0%464.00-3.7%311.00+0.6%304.00+1.7%319.00+3.6%482.00+0.8%
Deferred Tax Liabilities8,030.00+4.2%8,000.00+3.7%7,965.00+2.9%8,474.00+2.2%7,709.00-0.2%7,718.00+0.0%7,739.00-0.3%8,293.00-0.2%
Other Liabilities545.00+9.0%529.00+3.1%538.00+0.6%367.00-6.1%500.00-1.0%513.00-4.5%535.00-3.9%391.00+8.3%
Total Liabilities30,772.00+0.8%30,638.00+0.3%30,651.00-1.2%31,082.00+0.8%30,521.00+1.3%30,552.00+2.7%31,024.00+3.1%30,825.000.0%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity14,376.00+12.7%14,082.00+13.8%13,575.00+11.5%13,155.00+5.2%12,753.00-1.4%12,372.00-1.9%12,170.00-3.4%12,502.00+3.1%
Total Shareholders Equity14,376.00+12.7%14,082.00+13.8%13,575.00+11.5%13,155.00+5.2%12,753.00-1.4%12,372.00-1.9%12,170.00-3.4%12,502.00+3.1%
Accumulated Minority Interest6.00+20.0%6.00+20.0%6.00+20.0%5.000.0%5.000.0%5.00+25.0%5.000.0%5.000.0%
Total Equity14,382.00+12.7%14,088.00+13.8%13,581.00+11.5%13,160.00+5.2%12,758.00-1.4%12,377.00-1.9%12,175.00-3.4%12,507.00+3.1%
Total Liabilities & Stockholders Equity45,154.00+4.3%44,726.00+4.2%44,232.00+2.4%44,242.00+2.1%43,279.00+0.5%42,929.00+1.3%43,199.00+1.2%43,332.00+0.8%
Book Value Per Share per share7.80+13.9%7.60+14.5%7.31+12.8%7.07+7.4%6.85+2.1%6.64+2.0%6.48+0.6%6.58+6.3%
Tangible Book Value Per Share per share7.66+14.3%7.46+16.6%7.16+14.6%6.93+9.1%6.70+4.4%6.40+2.7%6.25+1.1%6.35+6.9%
Full-Time Employees people21,90022,20022,20023,000-2.1%---23,500+2.2%
Price to Book Ratio ratio6.726.515.805.295.355.044.474.81
Return on Assets %8.107.356.986.606.727.277.538.07
Return on Equity %26.4024.3723.6922.5222.6024.8326.1328.28
Return on Invested Capital %3.293.162.512.262.182.642.072.37
Quick Ratio ratio0.750.720.830.690.710.630.750.73
Current Ratio ratio0.840.820.970.810.850.770.880.86

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Net Income1,052.00+51.6%1,002.00+20.9%807.00+24.9%720.00-1.8%694.00-22.4%829.00-12.7%646.00-27.7%733.00-17.3%
Depreciation413.00-2.6%411.00-3.7%415.00-2.4%404.00-4.3%424.00+1.9%427.00+4.1%425.00+3.7%422.00+1.2%
Other Funds (Non Cash)-57.00-136.5%-24.00-47.00-12.00-115.8%156.00-46.00-4.0076.00
Funds from Operations1,439.00+1.5%1,422.00+18.9%1,226.00+13.5%1,163.00-5.0%1,418.00+9.8%1,196.00-12.1%1,080.00-16.8%1,224.00-2.1%
Extraordinary Item0.000.000.000.000.000.000.000.00
Changes in Working Capital178.00-95.0046.00-73.7%223.00+36.0%-81.00-120.5%-561.00175.00164.00-34.4%
Income Taxes Payable16.00-106.00176.00+0.6%109.00-15.5%-146.00-157.3%-537.00175.00129.00-21.3%
Cash from Operating Activities1,617.00+20.9%1,327.00+109.0%1,272.00+1.4%1,386.00-0.1%1,337.00-20.7%635.00-41.7%1,255.00+15.8%1,388.00-7.5%
Capital Expenditures-593.00-576.00-543.00-677.00-730.00-776.00-719.00-838.00
Net Assets From Acquisitions0.000.000.00-1.00-1.00-14.000.00-2.00
Sale of Fixed Assets and Businesses7.00-53.3%73.00+180.8%64.00+178.3%14.00-12.5%15.00+114.3%26.00-39.5%23.0016.00-5.9%
Purchase or Sale of Investments7.00+133.3%-234.00-11800.0%-135.00-301.5%8.003.002.0067.00-17.3%-56.00
Purchase of Investments0.00-375.00-140.000.000.000.000.00-66.00
Sale Or Maturity of Investments7.00+133.3%141.00+6950.0%5.00-92.5%8.00-20.0%3.002.0067.00-17.3%10.00
Other Uses0.00-100.0%0.000.00-50.0022.00-45.00-18.00-3.00
Other Sources-7.00-17.0047.000.000.000.000.000.00
Cash from Investing Activities-586.00-754.00-567.00-706.00-691.00-807.00-647.00-883.00
Cash Dividends Paid-259.00-260.00-260.00-242.00-242.00-243.00-245.00-230.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.000.00
Change in Capital Stock-543.00-296.00-222.00-112.00-112.00-421.00-751.00-1,025.00
Repurchase of Common Pref Stock-543.00-296.00-222.00-112.00-112.00-421.00-751.00-1,025.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1.00-7.00-2.00-100.3%-301.00-9.00-1.00598.00-2.00
Change in Long Term Debt-1.00-7.00-2.00-100.3%-301.00-9.00-1.00598.00-2.00
Issuance of Long Term Debt0.000.000.00-100.0%300.000.00-100.0%0.00600.000.00
Reduction of Long Term Debt-1.00-7.00-2.00-601.00-9.00-1.00-2.00-2.00
Net Financing Active Other Cash Flow-12.0033.00-61.2%73.0033.00-19.5%-58.00-293.3%85.00+962.5%-4.00-111.8%41.00+64.0%
Other Financing Activities Uses0.000.00-100.0%0.000.000.004.00-4.000.00
Cash from Financing Activities-815.00-530.00-411.00-622.00-421.00-580.00-402.00-1,216.00
Net Change in Cash216.00-4.0%43.00294.00+42.7%58.00225.00-44.6%-752.00206.00+58.5%-711.00
Free Cash Flow1,024.00+68.7%751.00729.00+36.0%709.00+28.9%607.00-42.8%-141.00-125.8%536.00-4.3%550.00-32.0%
Price to Free Cash Flow ratio39.3249.3183.3591.43111.9957.7531.7534.67

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Product
Name20242025vs 20242025 share
Agricultural and Food Products1,644.001,618.00-1.6%11.5%
Automotive1,226.001,182.00-3.6%8.4%
Chemicals2,850.002,776.00-2.6%19.7%
Coal Services2,247.001,900.00-15.4%13.5%
Consolidation, Policy--27.00--0.2%
Fertilizers505.00521.00+3.2%3.7%
Forest Products1,047.00975.00-6.9%6.9%
Intermodal2,047.002,100.00+2.6%14.9%
Metals and Equipment859.00869.00+1.2%6.2%
Minerals772.00832.00+7.8%5.9%
Other Services499.00530.00+6.2%3.8%
Trucking844.00816.00-3.3%5.8%
Total14,540.0014,092.00-3.1%100.0%
Region
Name20242025vs 20242025 share
United States14,540.0014,092.00-3.1%100.0%
Total14,540.0014,092.00-3.1%100.0%
Segment
Name20242025vs 20242025 share
Consolidation, Policy-7.00-23.00+228.6%-0.2%
Rail13,696.0013,276.00-3.1%94.2%
Trucking851.00839.00-1.4%6.0%
Total14,540.0014,092.00-3.1%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.02%37.2M1840.9M10.47M
2026-10-152.18%40.1M1840.9M11.03M
2026-09-302.32%43.0M1849.9M11.33M
2026-09-152.20%40.8M1849.9M11.53M
2026-08-312.22%41.1M1849.7M11.88M
2026-08-141.86%34.3M1849.6M12.61M
2026-07-311.97%36.4M1849.5M12.97M
2026-07-152.00%37.0M1849.5M12.39M
2026-06-302.10%39.0M1855.1M12.68M
2026-06-152.20%40.8M1853.9M12.66M
2026-05-292.06%38.2M1854.8M12.91M
2026-05-151.82%33.7M1854.9M12.74M
2026-04-302.11%39.1M1855.2M13.02M
2026-04-152.27%42.1M1857.0M13.46M
2026-03-312.18%40.4M1856.2M14.03M
2026-03-131.90%35.3M1856.2M13.54M
2026-02-271.73%32.1M1856.2M13.18M
2026-02-131.67%31.0M1856.2M13.71M
2026-01-301.71%31.8M1858.7M13.36M
2026-01-151.89%35.1M1858.6M12.97M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call30.0021.3022.7022.387.20531.002.000.990-0.2180.001
call35.0016.3018.7016.258.1900.000.000.987-0.2090.001
call37.0015.2015.9015.535.5059.001570.985-0.2040.001
call38.0014.2014.9014.555.17110.001580.984-0.2010.001
call39.0012.8014.2013.505.5556.004.000.983-0.1980.001
call40.0011.8013.3012.575.4061.003.000.981-0.1950.001
call41.0010.9012.7010.405.76816.000.000.980-0.1920.001
call42.0010.0011.109.474.31616.000.000.978-0.1890.001
call43.008.8010.308.724.35018.000.000.976-0.1850.001
call43.508.309.808.224.17715.000.000.975-0.1830.001
call44.008.308.708.462.82511.001.000.974-0.1800.002
call44.507.808.208.032.6864.002.000.972-0.1780.002
call45.007.307.707.662.5466.002.000.971-0.1750.002
call45.506.407.506.952.9984.004.000.935-0.3900.003
call46.005.707.106.523.00611.003.000.931-0.3820.003
call46.505.706.205.962.1315.0023.000.927-0.3740.003
call47.005.205.605.511.77237.0025.000.922-0.3650.004
call47.504.405.604.202.5145.000.000.912-0.3760.004
call48.004.304.704.801.71210.004.000.907-0.3610.004
call48.503.804.203.901.57237.007.000.897-0.3590.004
call49.003.303.703.881.42848.003.000.885-0.3540.005
call49.501.353.203.011.28363.003.000.870-0.3460.005
call50.002.352.702.561.13547.002.000.853-0.3360.006
call51.001.201.651.600.75922914.000.806-0.2810.007
call52.000.550.800.680.5791,79218.000.633-0.2830.009
call53.000.100.250.200.49062.001040.319-0.2650.009
call54.000.000.350.050.7998.004.000.235-0.3910.008
call55.000.000.750.101.0661560.000.190-0.4580.007
call56.000.000.250.051.1211310.000.140-0.4190.006
call57.000.000.250.001.3310.000.000.169-0.5130.007
call58.000.000.250.001.5560.000.000.122-0.4340.006
call59.000.000.250.001.7420.000.000.112-0.4560.005
call60.000.000.750.001.8950.000.000.073-0.3970.003
call61.000.000.250.002.0920.000.000.097-0.4920.005
call62.000.000.250.002.2570.000.000.091-0.5070.005
call63.000.000.250.002.4160.000.000.086-0.5220.004
call64.000.000.750.002.5560.000.000.057-0.4420.003
put30.000.000.050.005.7740.000.00-0.023-0.4260.001
put35.000.002.150.083.9902.000.00-0.013-0.2060.001
put37.000.002.150.003.5010.000.00-0.015-0.2010.001
put38.000.002.150.083.2652.003.00-0.016-0.1990.001
put39.000.002.100.133.0342.003.00-0.017-0.1960.001
put40.000.002.150.002.8070.000.00-0.019-0.1930.001
put41.000.002.150.002.5840.000.00-0.020-0.1890.001
put42.000.002.150.002.3640.000.00-0.022-0.1850.001
put43.000.002.150.002.1480.000.00-0.024-0.1820.001
put43.500.000.950.002.0410.000.00-0.025-0.1790.001
put44.000.000.150.251.9341.000.00-0.026-0.1770.002
put44.500.000.200.001.8280.000.00-0.028-0.1750.002
put45.000.000.750.041.7224.001.00-0.029-0.1720.002
put45.500.000.150.092.0210.001.00-0.065-0.3860.003
put46.000.000.200.161.8979.001.00-0.069-0.3780.003
put46.500.000.200.201.77413.001.00-0.073-0.3700.003
put47.000.000.350.051.65120.000.00-0.078-0.3610.004
put47.500.000.350.121.52713.000.00-0.088-0.3720.004
put48.000.000.200.051.40335.001.00-0.093-0.3570.004
put48.500.001.500.261.27823.000.00-0.103-0.3540.004
put49.000.000.350.681.15281.000.00-0.115-0.3500.005
put49.500.000.350.211.0242050.00-0.129-0.3420.005
put50.000.000.400.010.89457.001.00-0.147-0.3320.006
put51.000.000.150.050.62182.004.00-0.194-0.2770.007
put52.000.100.250.200.42464.0052.00-0.367-0.2790.009
put53.000.600.851.600.49411.000.00-0.681-0.2610.009
put54.001.251.953.920.9330.000.00-0.765-0.3870.008
put55.002.303.002.641.28420.0015.00-0.810-0.4530.007
put56.003.004.303.551.9485.005.00-0.860-0.4140.006
put57.004.105.907.102.7161.000.00-0.887-0.4030.005
put58.005.305.707.921.4012.000.00-0.912-0.3610.004
put59.005.007.900.003.2500.000.00-0.920-0.3770.004
put60.007.407.708.971.7510.000.00-0.927-0.3920.003
put61.008.308.809.892.2202.000.00-0.932-0.4040.003
put62.008.8010.3011.103.3760.000.00-0.936-0.4160.003
put63.0010.3010.9012.022.8201.000.00-0.939-0.4270.003
put64.009.8013.400.005.3230.000.00-0.943-0.4370.003

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-044Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-10-284Statement of changes in beneficial ownership of securities2026-10-26SEC
2026-10-27144Filing for proposed sale of securities under Rule 144.SEC
2026-10-2110-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-218-KCurrent report2026-10-21SEC
2026-10-138-KCurrent report2026-10-12SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-09-284Statement of changes in beneficial ownership of securities2026-09-25SEC
2026-09-174Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-08-054Statement of changes in beneficial ownership of securities2026-08-03SEC
2026-07-274Statement of changes in beneficial ownership of securities2026-07-24SEC
2026-07-274Statement of changes in beneficial ownership of securities2026-07-24SEC
2026-07-24144Filing for proposed sale of securities under Rule 144.SEC
2026-07-24144Filing for proposed sale of securities under Rule 144.SEC
2026-07-2210-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-228-KCurrent report2026-07-22SEC
2026-07-064Statement of changes in beneficial ownership of securities2026-07-01SEC
2026-06-2211-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-2211-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-174Statement of changes in beneficial ownership of securities2026-06-15SEC
2026-06-054Statement of changes in beneficial ownership of securities2026-06-03SEC
2026-06-04144Filing for proposed sale of securities under Rule 144.SEC
2026-06-044Statement of changes in beneficial ownership of securities2026-06-03SEC
2026-06-03144Filing for proposed sale of securities under Rule 144.SEC
2026-06-024Statement of changes in beneficial ownership of securities2026-06-01SEC
2026-05-148-KCurrent report2026-05-12SEC
2026-05-054Statement of changes in beneficial ownership of securities2026-05-01SEC
2026-04-29SCHEDULE 13GSEC
2026-04-2210-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-1000999.18K1
2026-090000
2026-080000
2026-07002.28M2
2026-06006.85M2
2026-050000
2026-040000
2026-031.01M100
2026-02004.96M2
2026-01002.50M1
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.8.67%
VANGUARD CAPITAL MANAGEMENT LLC6.53%
STATE STREET CORP4.91%
PRICE T ROWE ASSOCIATES INC /MD/3.82%
Invesco Ltd.3.50%
GEODE CAPITAL MANAGEMENT, LLC2.45%
JPMORGAN CHASE & CO2.38%
VANGUARD PORTFOLIO MANAGEMENT LLC2.00%
BANK OF AMERICA CORP /DE/1.81%
Fisher Asset Management, LLC1.53%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND3.17%
VANGUARD 500 INDEX FUND2.59%
Invesco QQQ Trust, Series 12.12%
iShares Core S&P 500 ETF1.38%
Fidelity 500 Index Fund1.30%
SPDR S&P 500 ETF TRUST1.21%
Bond Fund of America1.08%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND0.96%
VANGUARD VALUE INDEX FUND0.95%
Permanent Portfolio0.81%

OakChart. CSX. Cached 15 minutes. Terms