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CSX CSX Payments for purchase of tax credits

Payments for purchase of tax credits at other companies

US Foods logo
US FoodsUSFD
$73M
US Foods logo
US FoodsUSFD
$73M
General Motors logo
General MotorsGM
$100M-80.0%
ServisFirst Bancshares logo
ServisFirst BancsharesSFBS
$63.85M+1,433%
ServisFirst Bancshares logo
ServisFirst BancsharesSFBS
$63.85M+1,433%
Arrow Financial logo
Arrow FinancialAROW
$1.85M

Other financials

Income statement

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Revenue$3.9B+10.1%
Operating income$1.5B+17.4%
Net income$1.0B+20.9%
EPS (diluted)$0.54+22.7%

Balance sheet

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Cash & equivalents$1.0B+160%
Total debt$19.4B+3,899%
Total equity$12.2B-2.1%
Total assets$44.7B+4.2%

Cash flow

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Operating cash flow$1.3B+109%
CapEx$576.0M-25.8%
Free cash flow$751.0M

Valuation

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Market cap$93.92B+39.9%
Enterprise value$112.27B+67.0%
P/E29.1×+7.5×
P/S6.5×+1.7×

Profitability

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Operating margin34.2%+0.4pp
Net margin22.2%+0.3pp
FCF margin19.3%+4.1pp

Returns & leverage

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Return on equity26.3%-2.8pp
Debt / equity1.6×+1.6×
Current ratio0.8×0.0×

Where this comes from

Reported directly by CSX in its filing.

Tagged under the XBRL concept csx:TaxCreditsPurchased.

The source filing: CSX’s 10-K, filed February 12, 2026.

Filed
Feb 12, 2026, 4:14 PM EST
Fiscal year
FY2025
Accession
0000277948-26-000006

(a) Federal cash tax payments include tax credits purchased of $200 million.

Item 8. Financial Statements and Supplementary Data

FAQ

What is CSX's payments for purchase of tax credits?
CSX (CSX) reported payments for purchase of tax credits of $50M in Q4 2025.
What does payments for purchase of tax credits mean?
This represents cash expenditures made to acquire tax credits from third parties, which are then used to reduce the company's overall income tax liability. This is a strategic tax planning tool often used to optimize the effective tax rate. It reflects the company's proactive approach to managing its tax burden through financial instruments.

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