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CSX Corporation(CSX)

C

Financial data as of Dec 31, 2024Declining · Industrials

FCF Margin18.7%Free Cash Flow / Revenue
Cash Conversion151.2%Operating CF / Net Income
Free Cash Flow$2.7B
Revenue$14.5B
Net Cash-$18.1BNet debt position
Debt / FCF7.0xElevated debt burden
Current Ratio0.86Tight short-term liquidity
YoY FCF Growth-42.8%4 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
-0.5Elevated debt-to-FCF ratio (7.0x)
→
+0.5Healthy FCF margin with manageable debt (18.7%, 7.0x)
→
-1Current ratio below 1.0 (0.86)
→
-1Significant YoY FCF decline (-42.8%)
→
FinalC

Analysis Summary

Strengths

  • Strong FCF margin (18.7%)
  • Excellent cash conversion (151%)

Concerns

  • Heavy debt position ($18.1B)
  • High debt-to-FCF ratio (7.0x)
  • Current ratio below 1.0 — tight short-term liquidity
  • Significant YoY FCF decline (-42.8%)
  • Significant FCF decline (-42.8% YoY)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin18.7%
Net Margin23.9%
Operating CF Margin36.1%
CapEx Ratio17.4%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$18.1BNet debt position
Debt / FCF7.0xElevated debt burden
Current Ratio0.86Tight liquidity
Debt / Equity1.52Moderate leverage

Quarterly FCF Trend

-42.8% YoYDeclining (-42.8%)

Free cash flow per quarter

Sector Comparison — Industrials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameCSX Corporation
SectorIndustrials
Free Cash Flow$2.7B
Revenue$14.5B
Net Income$3.5B
Operating Cash Flow$5.2B
Capital Expenditure$2.5B
FCF Margin18.7%
Cash Conversion Rate151.2%
Net Margin23.9%
Total Debt$19.0B
Total Cash$933.0M
Net Cash-$18.1B
Current Ratio0.86
Debt / Equity1.52
Debt / FCF7.0x
YoY FCF Growth-42.8%
Positive Quarters4 of 5
Trend DirectionDeclining
Report DateDec 31, 2024
GradeC
Data SourceYahoo Finance

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