CSX
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
16.8715.5214.2213.23
Price/Sales ratio
5.195.034.794.59
Earnings per Share (EPS)
$2.16$2.35$2.57$2.76

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
19.0513.0519.859.1616.0917.2925.1422.3715.8818.7317.2816.09
Price/Sales ratio
2.892.173.074.394.344.826.566.754.454.744.264.82
Price/Book Value ratio
3.282.202.913.404.234.855.306.265.245.744.854.23
Price/Cash Flow ratio
10.987.6211.1914.4311.4711.8716.3016.5911.7712.5411.7211.47
Price/Free Cash Flow ratio
41.0831.7852.9335.0018.3818.0326.3625.5718.9821.3021.0218.38
Price/Earnings Growth ratio
3.872.78-1.900.03-0.452.23-1.830.550.98-3.650.57-0.45
Dividend Yield
1.71%2.67%1.99%1.41%1.41%1.32%1.14%0.99%1.28%1.26%1.47%1.41%
Profitability Indicator Ratios
Gross Profit Margin
28.51%30.34%30.61%33.07%38.96%40.83%41.21%41.04%38.94%38.65%37.13%40.83%
Operating Profit Margin
28.51%30.34%30.61%32.14%39.74%41.59%41.21%44.67%40.55%37.94%37.13%41.59%
Pretax Profit Margin
24.02%26.56%24.76%27.54%35.13%36.15%34.27%39.53%36.45%33.36%32.59%36.15%
Net Profit Margin
15.21%16.66%15.48%47.95%27.01%27.90%26.12%30.19%28.04%25.34%24.76%27.90%
Effective Tax Rate
36.69%37.28%37.46%-74.12%23.11%22.82%23.76%23.63%23.05%24.04%24.01%23.11%
Return on Assets
5.83%5.61%4.83%15.30%9.00%8.70%6.94%9.32%9.93%8.76%8.44%8.70%
Return On Equity
17.24%16.86%14.65%37.16%26.30%28.07%21.09%28.00%32.99%30.63%28.93%26.30%
Return on Capital Employed
11.67%10.83%10.15%10.83%13.98%13.75%11.54%14.60%15.27%14.19%13.46%13.75%
Liquidity Ratios
Current Ratio
1.221.451.211.011.331.522.19N/AN/AN/A1.391.33
Quick Ratio
1.091.341.010.811.201.402.051.581.410.911.231.20
Cash ratio
0.310.320.290.210.440.441.541.000.790.410.630.44
Days of Sales Outstanding
32.5230.3430.9331.0330.0930.1431.4533.4632.2634.6835.1330.09
Days of Inventory outstanding
11.0015.5219.3417.7812.8313.4817.7116.7613.7218.1016.4112.83
Operating Cycle
43.5345.8750.2748.8142.9343.6349.1750.2245.9952.7951.5442.93
Days of Payables Outstanding
34.0533.8938.3040.4946.3253.8947.4647.6145.4850.2151.4546.32
Cash Conversion Cycle
9.4711.9711.968.32-3.39-10.261.702.600.502.580.08-3.39
Debt Ratios
Debt Ratio
0.290.300.310.330.400.420.410.400.430.430.430.40
Debt Equity Ratio
0.870.900.960.801.171.361.271.211.421.521.431.17
Long-term Debt to Capitalization
0.450.470.480.440.530.570.550.540.580.590.580.53
Total Debt to Capitalization
0.460.470.490.440.530.570.560.540.580.600.580.53
Interest Coverage Ratio
6.626.585.696.917.466.615.78N/AN/AN/A6.576.61
Cash Flow to Debt Ratio
0.340.310.260.290.310.290.250.310.310.290.280.29
Company Equity Multiplier
2.953.003.022.422.913.223.033.003.313.493.332.91
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.260.280.270.300.370.400.400.400.370.370.360.40
Free Cash Flow / Operating Cash Flow Ratio
0.260.230.210.410.620.650.610.640.620.580.550.65
Cash Flow Coverage Ratio
0.340.310.260.290.310.290.250.310.310.290.280.29
Short Term Coverage Ratio
14.66168.59.18182.73257.8319.7910.6328.1737.219.94893.16257.83
Dividend Payout Ratio
32.64%34.85%39.67%12.94%22.69%22.90%28.82%22.18%20.45%23.74%25.19%22.69%