CSX Corporation (CSX)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 4,590,000 | 5,387,000 | 5,638,000 | 6,156,000 | 5,673,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 13,160,000 | 12,502,000 | 11,980,000 | 12,625,000 | 13,500,000 |
| Return on total capital | 34.88% | 43.09% | 47.06% | 48.76% | 42.02% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $4,590,000K ÷ ($—K + $13,160,000K)
= 34.88%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
CSX Corporation
CSX
34.88%
Greenbrier Companies Inc
GBX
24.55%
Norfolk Southern Corporation
NSC
28.67%
Union Pacific Corporation
UNP
56.72%