CSX
CSX CORPEvidence as of 2026-09-29The desk's Snapshot
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Overview · CSX CORP
CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals a…
Management team
- Mr. Arthur Adams · Senior Vice President of Sales & MarketingFind on LinkedIn
- Mr. Kevin S. Boone · Executive VP & Chief Commercial OfficerFind on LinkedIn
- Mr. Nathan D. Goldman · Executive VP, Chief Legal Officer & Corporate SecretaryFind on LinkedIn
- Mr. Stephen Fortune · Executive VP, Chief Digital & Technology OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.4 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
Revenue in the fiscal quarter ended 2026-06-30 (Q2 2026) was $ 3,935,000,000, up from $ 3,482,000,000 in the fiscal quarter ended 2026-03-31 (Q1 2026). Operating income rose to $ 1,506,000,000 in Q2 2026 from $ 1,253,000,000 in Q1 2026, implying an operating margin expansion to about 38.3% from about 36.0%.
Net income increased to $ 1,002,000,000 in Q2 2026 from $ 807,000,000 in Q1 2026, and diluted EPS rose to $ 0.54 from $ 0.43 over the same two quarters. Balance-sheet snapshots show total assets of $ 44,726,000,000 as of 2026-06-30 versus $ 44,232,000,000 as of 2026-03-31, and total liabilities roughly steady at $ 30,638,000,000 (as of 2026-06-30) versus $ 30,651,000,000 (as of 2025-12-31).
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue in the fiscal quarter Q2 2026 (2026-04-01 to 2026-06-30, 3mo) was $3,935,000,000, up from $3,482,000,000 in the fiscal quarter Q1 2026 (2026-01-01 to 2026-03-31, 3mo).
XBRL companyfacts · 0000277948-26-000032Operating income in the fiscal quarter Q2 2026 (2026-04-01 to 2026-06-30, 3mo) was $1,506,000,000, up from $1,253,000,000 in the fiscal quarter Q1 2026 (2026-01-01 to 2026-03-31, 3mo).
XBRL companyfacts · 0000277948-26-000032Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the Form 10-K filed 12 February 2026, CSX reported 2025 revenue of $14.092 billion, a decrease of $448 million or 3% versus 2024, and net earnings of $2.889 billion, down $581 million or 17% year over year.
10-K filed 2026-02-12In the Form 10-K filed 12 February 2026, CSX reported total expenses of $9.571 billion in 2025, an increase of $276 million or 3% versus 2024, and operating income of $4.521 billion, a decrease of $724 million or 14% versus 2024.
10-K filed 2026-02-12Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings total $65.48B as of the 13F period ended 2026-06-30, with reported aggregate value rising 75.2% quarter-over-quarter and holder count at 2,002 (holder_count_delta_qoq 1,654).
13F holdings · 2002 filers · as of 2026-06-30Large asset managers are among the largest 13F holders by reported value: BlackRock, Inc. $7.66B, VANGUARD CAPITAL MANAGEMENT LLC $5.77B, STATE STREET CORP $4.35B, Invesco Ltd. $2.77B, and GEODE CAPITAL MANAGEMENT, LLC $2.09B (as of the 13F period ended 2026-06-30).
13F holdings · 2002 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
A pair of recent headlines report that CSX moved to furlough around 1,100 workers and permanently cut 165 maintenance roles.
News · simplywall.st · 2026-09-23One headline highlights that furloughs included engineers tied to inspections and maintenance and frames safety concerns as part of investor focus.
News · simplywall.st · 2026-09-24Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model-calculated implied free-cash-flow (FCF) growth rate today's price would justify is 21.61% (0.2161).
Valuation inputs · SEC XBRL + stored EOD closePrice-to-free-cash-flow (P/FCF, trailing twelve months) is 32.95.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Recent sequential quarterly results show improving underlying operating performance: Q2 2026 revenue, operating income, operating margin, net income and diluted EPS all rose versus Q1 2026, while shares outstanding ticked down and the company reported material share repurchases. Institutional 13F-reported holdings jumped markedly quarter-over-quarter and include large, well-known asset managers, which together with positive trailing FCF and an EV/EBITDA in the mid-teens supports a constructive interpretation of the company's cash-generation profile. The bear case leans on 2025 full-year declines and expanded risk-language in the 10-K plus recent headlines about furloughs; however, those points are point-in-time or qualitative (risk disclosure changes) and contrast with stronger sequential operational data and active buyback and institutional accumulation. Financial advisors often suggest that sequential improvements in margins and earnings, combined with share-reduction and heavy institutional interest, strengthen the case for a favorable read on recent operational momentum, while diversification principles indicate balancing such observations with the documented annual weakness and disclosed risks.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.38
31 surviving claims rest on 13 distinct sources; the heaviest analyst carries 29% of them, and 98% of what the desk raised survived the debate.
The surviving set rests on a moderate number of independent sources, which gives this read some breadth, but a single analyst accounting for nearly a third of the claims and only 13 distinct sources raises reliance concentration. The high survival rate from the desk debate means few internal challenges removed claims, so the package is internally consistent but still somewhat fragile to new or contradicting primary filings or major market events.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
12 filings· 2 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.8 to the score
6 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.8 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.5 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on CSX Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.