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Csx vs Norfolk Southern: revenue, profit, margins and growth compared

Csx brought in $14.1B of revenue in fiscal 2025, Norfolk Southern $12.2B in fiscal 2025. Revenue changed by -3.1% at Csx and +0.5% at Norfolk Southern on the year before, so Norfolk Southern grew faster. Csx kept 20.5% of its revenue as net profit, Norfolk Southern 23.6%. Free cash flow was $1.7B at Csx and $2.2B at Norfolk Southern.

Side by side, latest fiscal year

CSXNSC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$14.1B$12.2B
Revenue growth-3.1%+0.5%
Net income$2.9B$2.9B
Net margin20.5%23.6%
Free cash flow$1.7B$2.2B
Free cash flow margin12.1%17.7%
Earnings per share (diluted)$1.54$12.75
Cash$670M$1.5B
Debt$18.9B$17.1B
Price to earnings30.424.6
Market value$86.7B$70.3B
Dividend yield1.11%1.73%
Rank by revenue in sector#46 of 451 · Industrials#52 of 451 · Industrials

Over the years

Revenue
CSX FY2018: $12.3BCSX FY2019: $11.9BCSX FY2020: $10.6BCSX FY2021: $12.5BCSX FY2022: $14.9BCSX FY2023: $14.7BCSX FY2024: $14.5BCSX FY2025: $14.1BNSC FY2018: $11.5BNSC FY2019: $11.3BNSC FY2020: $9.8BNSC FY2021: $11.1BNSC FY2022: $12.7BNSC FY2023: $12.2BNSC FY2024: $12.1BNSC FY2025: $12.2BFY18FY19FY20FY21FY22FY23FY24FY25
CSX $14.1BNSC $12.2B
Net income
CSX FY2018: $3.3BCSX FY2019: $3.3BCSX FY2020: $2.8BCSX FY2021: $3.8BCSX FY2022: $4.1BCSX FY2023: $3.7BCSX FY2024: $3.5BCSX FY2025: $2.9BNSC FY2018: $2.7BNSC FY2019: $2.7BNSC FY2020: $2BNSC FY2021: $3BNSC FY2022: $3.3BNSC FY2023: $1.8BNSC FY2024: $2.6BNSC FY2025: $2.9BFY18FY19FY20FY21FY22FY23FY24FY25
CSX $2.9BNSC $2.9B
Net margin
CSX FY2018: 27.0%CSX FY2019: 27.9%CSX FY2020: 26.1%CSX FY2021: 30.2%CSX FY2022: 27.7%CSX FY2023: 25.0%CSX FY2024: 23.9%CSX FY2025: 20.5%NSC FY2018: 23.3%NSC FY2019: 24.1%NSC FY2020: 20.6%NSC FY2021: 27.0%NSC FY2022: 25.7%NSC FY2023: 15.0%NSC FY2024: 21.6%NSC FY2025: 23.6%FY18FY19FY20FY21FY22FY23FY24FY25
CSX 20.5%NSC 23.6%
Revenue growth
CSX FY2019: -2.6%CSX FY2020: -11.3%CSX FY2021: +18.3%CSX FY2022: +18.6%CSX FY2023: -1.3%CSX FY2024: -0.8%CSX FY2025: -3.1%NSC FY2019: -1.4%NSC FY2020: -13.3%NSC FY2021: +13.8%NSC FY2022: +14.4%NSC FY2023: -4.6%NSC FY2024: -0.3%NSC FY2025: +0.5%FY19FY20FY21FY22FY23FY24FY25
CSX -3.1%NSC +0.5%
Free cash flow
CSX FY2018: $2.9BCSX FY2019: $3.2BCSX FY2020: $2.6BCSX FY2021: $3.3BCSX FY2022: $3.4BCSX FY2023: $3.3BCSX FY2024: $2.7BCSX FY2025: $1.7BNSC FY2018: $1.8BNSC FY2019: $1.9BNSC FY2020: $2.1BNSC FY2021: $2.8BNSC FY2022: $2.3BNSC FY2023: $852MNSC FY2024: $1.7BNSC FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25
CSX $1.7BNSC $2.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Csx and Norfolk Southern

Which is bigger by revenue, Csx or Norfolk Southern?

Csx is bigger by revenue: $14.1B in fiscal 2025, against $12.2B for Norfolk Southern in fiscal 2025.

Which keeps more of its revenue as profit, Csx or Norfolk Southern?

Csx had a net margin of 20.5% in fiscal 2025; Norfolk Southern had 23.6% in fiscal 2025.

Which grew revenue faster, Csx or Norfolk Southern?

In their latest fiscal years revenue changed by -3.1% at Csx and +0.5% at Norfolk Southern.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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