CSX Corporation (CSX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,715,000 | 4,166,000 | 3,781,000 | 2,765,000 | 3,331,000 |
| Revenue | US$ in thousands | 13,882,000 | 14,396,000 | 12,254,000 | 9,881,000 | 11,304,000 |
| Net profit margin | 26.76% | 28.94% | 30.86% | 27.98% | 29.47% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,715,000K ÷ $13,882,000K
= 26.76%
The net profit margin of CSX Corp. has displayed a fluctuating trend over the past five years. In 2023, the net profit margin decreased to 25.35% from 28.05% in 2022, continuing a downward trend from the peak of 30.19% in 2021. Despite the decrease in 2023, the company's profitability remains relatively strong compared to 2020 and 2019 when the net profit margins were 26.13% and 27.90%, respectively. It is important for CSX Corp. to closely monitor and manage its expenses and revenue generation to sustain and improve its profitability in the coming years.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
CSX Corporation
CSX
26.76%
Norfolk Southern Corporation
NSC
15.98%
Union Pacific Corporation
UNP
27.50%