CSX Corporation (CSX)
Return on total capital
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 5,332,000 | 5,514,000 | 5,419,000 | 5,480,000 | 5,578,000 | 5,706,000 | 5,982,000 | 6,079,000 | 5,908,000 | 5,841,000 | 5,663,000 | 5,394,000 | 5,241,000 | 5,038,000 | 4,800,000 | 4,302,000 | 4,381,000 | 4,368,000 | 4,524,000 | 5,011,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 12,502,000 | 12,931,000 | 12,616,000 | 12,597,000 | 12,128,000 | 11,950,000 | 12,274,000 | 12,334,000 | 12,625,000 | 12,883,000 | 13,141,000 | 13,195,000 | 13,500,000 | 13,172,000 | 13,434,000 | 13,160,000 | 13,110,000 | 12,727,000 | 12,163,000 | 11,888,000 |
| Return on total capital | 42.65% | 42.64% | 42.95% | 43.50% | 45.99% | 47.75% | 48.74% | 49.29% | 46.80% | 45.34% | 43.09% | 40.88% | 38.82% | 38.25% | 35.73% | 32.69% | 33.42% | 34.32% | 37.19% | 42.15% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $5,332,000K ÷ ($—K + $12,502,000K)
= 42.65%
CSX Corporation's return on total capital has displayed a fluctuating trend over the periods from March 31, 2020, to December 31, 2024. The ratio stood at 42.15% as of March 31, 2020, indicating a strong level of profitability generated relative to the total capital employed by the company. Subsequently, the return on total capital decreased to 33.42% by December 31, 2020.
From March 31, 2021, the return on total capital started to improve, reaching 46.80% by December 31, 2022. This period showcased a substantial recovery in the profitability of the company. However, the ratio experienced a slight decline in the subsequent quarters, dropping to 42.65% by December 31, 2024.
Overall, CSX Corporation has demonstrated varying levels of efficiency in utilizing its total capital to generate profits during the analyzed period, with fluctuations observed in the return on total capital ratio. This performance suggests the company's ability to effectively leverage its capital resources to generate returns for its shareholders but also indicates fluctuations in the financial performance that may warrant further investigation and monitoring.
Peer comparison
Dec 31, 2024