CSX Corporation (CSX)财务
NASDAQ · Industrials · Railroads · 员工21,900人 · CEO Stephen F. Angel
- 股价
- $51.99 -0.48%
- 市值
- $963亿
- 企业价值
- $1140亿
- 最近财报
- Q3 '26 2026-10-21提交
- 下次财报
- 2027-01-28 EPS预期 $0.52
营收(TTM)$149亿+5.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)36.4%+3.7 百分点 对比去年同期营业利润 $54.4亿
净利润(TTM)$35.8亿+23.4% 对比去年同期税后,含营业外收益
自由现金流(TTM)$32.1亿-14.9% 对比去年同期资本支出 $23.9亿
稀释EPS(TTM)$1.93+26.1% 对比去年同期最近4个季度之和
净现金-$177亿+7.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $963亿 EV $1140亿
- 营收
- $149亿 过去12个月
- 营收增速
- +9% FY2026年一致预期
- 净利润率
- 24.0% 净利润 / 营收,TTM
- P/E
- 26.9× 预期 25.3×(FY2026)
- P/S
- 6.4× 股价 / 营收,TTM
- EV / EBITDA
- 15.9× TTM
- 自由现金流
- $32.1亿 过去12个月
- 净利润
- $35.8亿 过去12个月
- 营收预期
- $154亿 FY2026年一致预期
- 盈利
- 2027-01-28 营收预期 $39.8亿
- 股息
- $0.55 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-21):营收超预期1.5%,EPS 超预期7.3%营收$40.2亿,预期$39.6亿(+1.5%);EPS $0.57,预期$0.53(+7.3%)。
- 营收增长加速:同比12.0%Q3 '26营收$40.2亿,此前四个季度的平均值为2.5%。
- 营业利润率36.4%(TTM),较去年同期+3.7 百分点营收增长5.8%,营业利润增长17.7%。
- 税前利润的16.0%被营业外亏损吞噬税前利润$46.9亿,营业利润$54.4亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的16.0%(去年为5.9%)最近4个季度投入$23.9亿(同比+185.1%)。自由现金流$32.1亿,相当于净利润的89.7%。
- 股东回报$21.9亿 = 自由现金流的68.3%回购$11.7亿(去年为$23.1亿),股息$10.2亿,股权激励$0(TTM)。
- 稀释股数一年内减少0.7%Q3 '26稀释股数18.5亿,一年前为18.7亿。
- 净债务 $177亿现金 + 短期投资 $16.1亿,含租赁债务 $193亿;一年前净债务 $190亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $40.2亿 | $35.9亿 | +12.0% |
| 毛利率 | 39.1% | 34.9% | +4.2 百分点 |
| 营业利润 | $15.7亿 | $10.9亿 | +44.4% |
| 营业利润率 | 39.1% | 30.3% | +8.8 百分点 |
| 净利润 | $10.5亿 | $6.94亿 | +51.6% |
| 稀释EPS | $0.57 | $0.37 | +54.1% |
| 经营现金流 | $16.2亿 | $13.4亿 | +20.9% |
| 资本支出 | $5.93亿 | -$15亿 | +139.7% |
| 自由现金流 | $10.2亿 | $28.3亿 | -63.8% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $0 | – |
实际 vs 一致预期
2026-10-21| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $40.2亿 | $39.6亿 | +1.5% |
| EPS(一致预期口径) | $0.57 | $0.53 | +7.3% |
来自2026-10-21发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Total Merchandise | $24.5亿 | +11.1% | 63.7% | $92.7亿 | +5.3% | |
| Coal Services | $5.37亿 | +9.6% | 13.9% | $19.9亿 | +5.7% | |
| Intermodal | $6.34亿 | +20.3% | 16.5% | $23.6亿 | +18.6% | |
| Trucking | $2.27亿 | +9.7% | 5.9% | $8.51亿 | +4.5% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Rail Segment | – | – | $15.7亿 | +24.9% | – | – | $54.4亿 |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $56亿
- 资本支出
- -$23.9亿
- 股票回购
- -$11.7亿
- 股息
- -$10.2亿
- 收购
- $1.5亿
- 债务净发行
- -$3.11亿
- 股权激励费用
- $0
- 自由现金流
- $32.1亿
- 股东回报 / FCF
- 68.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 26.9× | 19.8× | 15.9× – 23.5× |
| EV / EBITDA | 15.9× | 12.4× | 10.9× – 14.0× |
| EV / 营收 | 7.7× | 6.2× | 5.5× – 7.9× |
| 股价 / FCF | 30.0× | 25.7× | 19.0× – 39.5× |
| 股价 / 净资产 | 6.7× | 5.5× | 5.0× – 6.3× |
| FCF收益率 | 3.3% | 4.1% | 2.5% – 5.3% |
| 投入资本回报率 | 9.8% | 10.2% | 8.4% – 11.6% |
| 净资产收益率 | 26.0% | 28.2% | 22.0% – 32.6% |
分析师
一致目标价 $52.47 (+0.9%)
区间 $32.00 – $60.00 · 评级 Buy
强烈买入0
买入27
持有17
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $154亿 | +9.4% | $2.06 | +33.5% | 25.3× | 13 |
| FY2027 | $163亿 | +5.7% | $2.34 | +14.0% | 22.2× | 13 |
| FY2028 | $169亿 | +3.7% | $2.58 | +9.9% | 20.2× | 8 |
| FY2029 | $180亿 | +6.3% | $2.81 | +9.2% | 18.5× | 5 |
| FY2030 | $187亿 | +4.0% | $2.94 | +4.3% | 17.7× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
CSX Corporation在近期10-Q / 10-K文件中标记的全部217项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $11.4亿 | $13.4亿 | -15.4% | $11.5亿 | $11.2亿 | +2.8% |
| Accounts Receivable, after Allowance for Credit Loss | $14.9亿 | $13.7亿 | +8.4% | $13亿 | $13.3亿 | -2.1% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $14.9亿 | $13.7亿 | +8.4% | $13亿 | $13.3亿 | -2.1% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $178亿 | $173亿 | +2.5% | $170亿 | $165亿 | +2.9% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2.08亿 | -$2.2亿 | +5.5% | -$2.13亿 | -$2.32亿 | +8.2% |
| Additional Paid in Capital, Common Stock | $11.3亿 | $9.2亿 | +23.3% | $9.48亿 | $8.46亿 | +12.1% |
| Amortization of Debt Discount (Premium) | -$5900万 | $500万 | -1,280.0% | $8300万 | – | – |
| Amortization of Intangible Assets | $300万2025-12-31 | – | – | $1200万 | $1200万 | 0.0% |
| Asset Impairment Charges | – | – | – | $2600万 | $2400万 | +8.3% |
| Assets | $452亿 | $433亿 | +4.3% | $437亿 | $428亿 | +2.1% |
| Assets for Plan Benefits, Defined Benefit Plan | $4.47亿2025-12-31 | $4.03亿 | +10.9% | $4.47亿 | $4.03亿 | +10.9% |
| Assets, Current | $36.3亿 | $25.1亿 | +44.7% | $25.5亿 | $28.2亿 | -9.6% |
| Capital Expenditures Incurred but Not yet Paid | – | – | – | $2.31亿 | $2.47亿 | -6.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $12.2亿 | $6.12亿 | +99.8% | $6.7亿 | $9.33亿 | -28.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.16亿 | $2.25亿 | -4.0% | -$2.63亿 | -$4.2亿 | +37.4% |
| Common Stock, Dividends, Per Share, Declared | $0.14 | $0.13 | +7.7% | $0.52 | $0.48 | +8.3% |
| Common Stock, Par or Stated Value Per Share | $1.00 | $1.00 | 0.0% | $1.00 | $1.00 | 0.0% |
| Common Stock, Shares Authorized | 54亿2025-12-31 | 54亿 | 0.0% | 54亿 | 54亿 | 0.0% |
| Common Stock, Shares, Issued | 18.6亿2025-12-31 | 19亿 | -2.1% | 18.6亿 | 19亿 | -2.1% |
| Common Stock, Shares, Outstanding | 18.6亿2025-12-31 | 19亿 | -2.1% | 18.6亿 | 19亿 | -2.1% |
| Common Stock, Value, Issued | $18.4亿 | $18.6亿 | -1.1% | $18.6亿 | $19亿 | -2.1% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $10.5亿 | $6.98亿 | +50.9% | $29.1亿 | $35.2亿 | -17.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $5.53亿 | $8.73亿 | -36.7% |
| Current Income Tax Expense (Benefit) | – | – | – | $6.86亿 | $10.7亿 | -36.1% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.33亿 | $2亿 | -33.5% |
| Debt and Lease Obligation | $188亿 | $192亿 | -1.9% | $189亿 | $185亿 | +2.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $1.95亿 | $2600万 | +650.0% |
| Deferred Income Tax Expense (Benefit) | $3100万 | $1.44亿 | -78.5% | $1.94亿 | $1200万 | +1,516.7% |
| Deferred Income Tax Liabilities, Net | $80.3亿 | $77.1亿 | +4.2% | $79.1亿 | $77.3亿 | +2.4% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$100万 | -$1400万 | +92.9% |
| Deferred Tax Assets, Net of Valuation Allowance | $5.6亿2025-12-31 | $5.68亿 | -1.4% | $5.6亿 | $5.68亿 | -1.4% |
| Deferred Tax Assets, Other | $5.6亿2025-12-31 | $5.68亿 | -1.4% | $5.6亿 | $5.68亿 | -1.4% |
| Deferred Tax Liabilities, Net | $84.7亿2025-12-31 | $82.9亿 | +2.2% | $84.7亿 | $82.9亿 | +2.2% |
| Deferred Tax Liabilities, Other | $6.39亿2025-12-31 | $6.42亿 | -0.5% | $6.39亿 | $6.42亿 | -0.5% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $78.4亿2025-12-31 | $76.5亿 | +2.4% | $78.4亿 | $76.5亿 | +2.4% |
| Defined Benefit Plan, Accumulated Benefit Obligation | $21.3亿2025-12-31 | $21.2亿 | +0.9% | $21.3亿 | $21.2亿 | +0.9% |
| Defined Benefit Plan, Amortization of Gain (Loss) | – | – | – | -$2300万 | -$1800万 | -27.8% |
| Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position | $2.61亿2025-12-31 | $2.17亿 | +20.3% | $2.61亿 | $2.17亿 | +20.3% |
| Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 5.3%2025-12-31 | 5.5% | -4.5% | 5.3% | 5.5% | -4.5% |
| Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Weighted-Average Interest Crediting Rate | 3.8%2025-12-31 | 3.8% | 0.0% | 3.8% | 3.8% | 0.0% |
| Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets | – | – | – | 6.8% | 6.8% | 0.0% |
| Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase | – | – | – | 4.8% | 4.8% | 0.0% |
| Defined Benefit Plan, Benefit Obligation | $22.1亿2025-12-31 | $21.9亿 | +1.0% | $22.1亿 | $21.9亿 | +1.0% |
| Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) | – | – | – | -$6400万 | $1.07亿 | -159.8% |
| Defined Benefit Plan, Benefit Obligation, Benefits Paid | – | – | – | $1.76亿 | $1.77亿 | -0.6% |
| Defined Benefit Plan, Expected Future Benefit Payment, after Year Five for Next Five Years | $8.68亿2025-12-31 | $8.69亿 | -0.1% | $8.68亿 | $8.69亿 | -0.1% |
| Defined Benefit Plan, Expected Future Benefit Payment, Year Five | $1.79亿2025-12-31 | $1.81亿 | -1.1% | $1.79亿 | $1.81亿 | -1.1% |
| Defined Benefit Plan, Expected Future Benefit Payment, Year Four | $1.8亿2025-12-31 | $1.82亿 | -1.1% | $1.8亿 | $1.82亿 | -1.1% |
| Defined Benefit Plan, Expected Future Benefit Payment, Year One | $1.87亿2025-12-31 | $1.9亿 | -1.6% | $1.87亿 | $1.9亿 | -1.6% |
| Defined Benefit Plan, Expected Future Benefit Payment, Year Three | $1.82亿2025-12-31 | $1.84亿 | -1.1% | $1.82亿 | $1.84亿 | -1.1% |
| Defined Benefit Plan, Expected Future Benefit Payment, Year Two | $1.83亿2025-12-31 | $1.85亿 | -1.1% | $1.83亿 | $1.85亿 | -1.1% |
| Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year | $0 | $0 | – | – | – | – |
| Defined Benefit Plan, Funded (Unfunded) Status of Plan | $2.61亿2025-12-31 | $2.17亿 | +20.3% | $2.61亿 | $2.17亿 | +20.3% |
| Defined Benefit Plan, Interest Cost | – | – | – | $1.09亿 | $1.06亿 | +2.8% |
| Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation | $1.79亿2025-12-31 | $1.78亿 | +0.6% | $1.79亿 | $1.78亿 | +0.6% |
| Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets | $02025-12-31 | $0 | – | $0 | $0 | – |
| Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation | $1.86亿2025-12-31 | $1.86亿 | 0.0% | $1.86亿 | $1.86亿 | 0.0% |
| Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage | 100.0%2025-12-31 | 100.0% | 0.0% | 100.0% | 100.0% | 0.0% |
| Defined Benefit Plan, Plan Assets, Amount | $24.7亿2025-12-31 | $24.1亿 | +2.7% | $24.7亿 | $24.1亿 | +2.7% |
| Defined Benefit Plan, Plan Assets, Benefits Paid | – | – | – | $1.76亿 | $1.77亿 | -0.6% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01