Stock Analysis on Net

CSX Corp. (NASDAQ:CSX)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 20, 2023.

Return on Equity (ROE)
since 2005

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Calculation

CSX Corp., ROE, long-term trends, calculation

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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).

1 US$ in millions


Net Earnings
The net earnings displayed an overall upward trajectory from 2005 through 2022 with notable fluctuations. Initially, earnings increased steadily from $1,145 million in 2005 to $1,864 million in 2013. After peaking at $1,968 million in 2015, a significant spike occurred in 2017, with net earnings surging to $5,471 million. This peak was followed by a sharp decline to $3,309 million in 2018. From 2018 onwards, net earnings stabilized somewhat, fluctuating between approximately $2,765 million and $4,166 million, ending on an upward trend in 2022.
Shareholders’ Equity
Shareholders’ equity experienced a gradual increase from $7,954 million in 2005 to a peak of $14,705 million in 2017. However, after 2017, equity values showed some decline and volatility, decreasing to $12,615 million by 2022. Despite this decline, the overall trend over the period reflects growth in the company’s equity base, with some periods of contraction after significant peaks.
Return on Equity (ROE)
Return on equity demonstrated variability with phases of both improvement and decline. The ratio increased from 14.4% in 2005 to a high of 21.55% in 2011, suggesting an improvement in profitability relative to equity during this period. A remarkable jump occurred in 2017, with ROE reaching an exceptional 37.21%, which corresponds with the spike in net earnings for the same year. Subsequently, ROE declined but remained relatively strong, fluctuating between 21.11% and 33.02% from 2018 to 2022, indicating sustained profitability at a higher level compared to earlier years.
General Observations
The data reveals an overall growth pattern with significant earnings volatility, particularly around 2017. The spike in net earnings and ROE that year likely resulted from a non-recurring event or extraordinary gains, as indicated by the divergence from prior trend lines. Despite fluctuations in shareholders’ equity post-2017, ROE remained comparatively high, showing efficient use of equity to generate profits during recent years. The equity base maintained a growth trajectory over the long term though some recent declines suggest capital changes or distributions impacting the equity value.

Comparison to Competitors

CSX Corp., ROE, long-term trends, comparison to competitors

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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-30), 10-K (reporting date: 2015-12-25), 10-K (reporting date: 2014-12-26), 10-K (reporting date: 2013-12-27), 10-K (reporting date: 2012-12-28), 10-K (reporting date: 2011-12-30), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-25), 10-K (reporting date: 2008-12-26), 10-K (reporting date: 2007-12-28), 10-K (reporting date: 2006-12-29), 10-K (reporting date: 2005-12-30).


Comparison to Sector (Transportation)


Comparison to Industry (Industrials)