Q3 25 EPS
$0.44
BEAT +3.63%
Est. $0.42
Q3 25 Revenue
$3.59B
BEAT +0.48%
Est. $3.57B
vs S&P Since Q3 25
+14.9%
BEATING MARKET
CSX +23.4% vs S&P +8.5%
Market Reaction
Did CSX Beat Earnings? Q3 2025 Results
CSX Corporation posted a solid Q3 2025 beat on both top and bottom lines, though the headline results required careful parsing given a significant one-time charge lurking beneath the surface. Adjusted earnings came in at $0.44 per share, ahead of the… Read more CSX Corporation posted a solid Q3 2025 beat on both top and bottom lines, though the headline results required careful parsing given a significant one-time charge lurking beneath the surface. Adjusted earnings came in at $0.44 per share, ahead of the $0.42 consensus estimate by 3.63%, while revenue of $3.59 billion edged past expectations by 0.48%, even as it slipped 0.9% year-over-year under pressure from lower export coal prices and softer merchandise volumes. The single most material event of the quarter was a $164 million non-cash goodwill impairment charge tied to Quality Carriers, CSX's trucking subsidiary, which pushed GAAP EPS down to $0.37 and sent total expenses surging 10% to $2.50 billion. Offsetting the revenue headwinds, intermodal volume grew 5%, driven by international port gains and domestic share wins. Notably, an insider share sale by a senior executive drew market attention shortly after results were released. CEO Steve Angel struck a confident tone, pointing to improving train velocity and safety metrics as evidence that CSX is well-positioned to convert operational strength into long-term profitable growth.
Key Takeaways
- • Intermodal volume growth of 5% driven by higher international port volumes and domestic share wins
- • Higher merchandise pricing partially offset volume declines
- • Other revenue increased $43 million from higher carload demurrage and customer volume commitment payments
- • Minerals volume increased 8% due to higher aggregates and cement shipments
- • Automotive volume increased due to higher North American vehicle production
- • Operational improvements: train velocity up 2%, dwell improved 8%, safety metrics significantly improved
- • Fertilizers volume increased due to higher raw material shipments and Gulf Coast port exports
CSX YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
CSX Revenue by Segment
With YoY comparisons, source: SEC Filings
“This quarter's operational performance reflects the dedication of our workforce and our commitment to running the best railroad in North America. We are proud that the network is operating well, and we see clear opportunities to leverage that operational strength moving forward.”
— Steve Angel, Q3 2025 Earnings Press Release
CSX Earnings Trends
CSX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CSX EPS Trend
Earnings per share: estimate vs actual
CSX Revenue Trend
Quarterly revenue: estimate vs actual
CSX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.43 | — | $3.48B | -0.13% |
| Q4 25 MISS FY | $0.42 | $0.39 | -7.65% | $3.51B | +31.26% |
| FY Full Year | $1.64 | $1.54 | -6.07% | $14.09B | -0.27% |
| Q3 25 BEAT | $0.42 | $0.44 | +3.63% | $3.59B | +0.48% |
| Q2 25 BEAT | $0.42 | $0.44 | +5.47% | $3.57B | -0.07% |
| Q1 25 MISS | $0.37 | $0.34 | -7.71% | $3.42B | -0.78% |