CSX (NASDAQ:CSX) Reports Q4 2025 Revenue Miss, EPS Below Estimates

CSX (NASDAQ:CSX) reported fourth-quarter 2025 revenue of $3.51 billion, flat year over year and below analyst expectations, while non-GAAP earnings per share of $0.39 fell 5.3% short of consensus. The results reflect continued pressure in the rail transportation sector amid a cyclical downturn. Revenue declined 0.9% annually, with units sold rising 1.3% year on year, indicating a drop in average selling price. Over the past two years, CSX’s revenue has fallen at a 1.9% annual rate, and its operating margin dropped to 31.6% in Q4, down from 38% five years ago. Adjusted EPS of $0.39 was lower than $0.42 in Q4 2024. Analysts project 4% revenue growth and $1.61 in full-year EPS for 2026, up 16.2%. Despite the miss, shares rose 4.2% to $37.51 on January 22, 2026, following the release.