CSX Corporation (CSX)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 4,891,000 | 5,414,000 | 4,951,000 | 3,627,000 | 4,316,000 |
| Revenue | US$ in thousands | 13,882,000 | 14,396,000 | 12,254,000 | 9,881,000 | 11,304,000 |
| Pretax margin | 35.23% | 37.61% | 40.40% | 36.71% | 38.18% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $4,891,000K ÷ $13,882,000K
= 35.23%
The pretax margin of CSX Corp. has shown a declining trend over the past five years. The company's pretax margin decreased from 36.16% in 2019 to 33.37% in 2023. This indicates that CSX Corp.'s profitability before taxes has been gradually decreasing. The highest pretax margin was recorded in 2021 at 39.54%, followed by a decline in the subsequent years. The decreasing trend could be attributed to various factors such as changes in operating expenses, fluctuations in revenue, or shifts in the overall industry landscape. Further analysis of CSX Corp.'s financial performance and operating efficiency is recommended to understand the specific drivers behind the declining pretax margin.
Peer comparison
Dec 31, 2023