Question 1

What is CSX's P/FCF ratio?

Accepted Answer

CSX (CSX) P/FCF ratio is 15.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for CSX?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For CSX specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

Is CSX's P/FCF ratio high or low?

Accepted Answer

CSX's P/FCF ratio of 15.1× is below its own 5-year average of 21.0× and below the sector median of 24.3×. That places the current reading at the 0th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is CSX's historical P/FCF ratio range?

Accepted Answer

In the available daily series, CSX (CSX) P/FCF ratio has ranged from a low of 10.5× in 2009 to a high of 5205.9× in 2006. The 5-year average is 21.0× and the 5-year median is 20.6×.

Question 7

What was CSX's P/FCF ratio in 2025?

Accepted Answer

CSX (CSX) P/FCF ratio at the end of 2025 was 17.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does CSX's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$67.6B	$3.94B	17.2×	-5.4×	Dec 31, 2025
2024	$61.3B	$2.72B	22.6×	+1.6×	Dec 31, 2024
2023	$68.1B	$3.26B	20.9×	+2.5×	Dec 31, 2023
2022	$64.3B	$3.49B	18.5×	-6.6×	Dec 31, 2022
2021	$82.8B	$3.31B	25.0×	-1.2×	Dec 31, 2021
2020	$69.2B	$2.64B	26.3×	+8.7×	Dec 31, 2020
2019	$55.9B	$3.19B	17.5×	-0.0×	Dec 31, 2019
2018	$50.8B	$2.9B	17.5×	-16.6×	Dec 31, 2018
2017	$49B	$1.43B	34.2×	-17.7×	Dec 31, 2017
2016	$33.4B	$643M	51.9×	+20.8×	Dec 31, 2016
2015	$25.1B	$808M	31.0×	-9.2×	Dec 31, 2015
2014	$36B	$894M	40.2×	+9.8×	Dec 31, 2014
2013	$29B	$954M	30.4×	-2.9×	Dec 31, 2013
2012	$20.1B	$605M	33.3×	+14.8×	Dec 31, 2012
2011	$22.1B	$1.19B	18.5×	+1.6×	Dec 31, 2011
2010	$24B	$1.42B	16.9×	-14.2×	Dec 31, 2010
2009	$19.1B	$613M	31.1×	+20.3×	Dec 31, 2009
2008	$12.7B	$1.17B	10.8×	-33.3×	Dec 31, 2008
2007	$18.1B	$411M	44.1×	+6.0×	Dec 31, 2007
2006	$16B	$419M	38.1×	—	Dec 31, 2006
2005	$11.7B	-$1.13B	—	—	Dec 31, 2005
2004	$8.63B	$361M	23.9×	—	Dec 31, 2004
2003	$7.71B	-$469M	—	—	Dec 31, 2003
2002	$6.03B	$47M	128.2×	—	Dec 31, 2002


Thomson Reuters (TRI)	18.8×
PACCAR (PCAR)	18.6×
United Parcel Service (UPS)	18.5×
Gorman-Rupp (GRC)	18.5×
Alamo Group (ALG)	18.0×
Allegion (ALLE)	17.8×
Snap-on (SNA)	17.6×
United Airlines Holdings (UAL)	17.5×
Honeywell International (HON)	17.4×
Equifax (EFX)	17.0×
Norfolk Southern (NSC)	16.9×
FedEx (FDX)	15.9×
AGCO (AGCO)	15.4×
General Dynamics (GD)	15.3×
Carlisle Companies (CSL)	14.7×
Amentum Holdings (AMTM)	14.7×
Stanley Black & Decker (SWK)	14.4×
A. O. Smith (AOS)	14.2×
Huntington Ingalls Industries (HII)	14.1×
McGrath RentCorp (MGRC)	13.9×
Masco (MAS)	13.0×
Pool (POOL)	12.2×
Delta Air Lines (DAL)	10.1×
ABM Industries (ABM)	7.2×
Upwork (UPWK)	6.3×

P/FCF Ratio for CSX (CSX) 2002-2026

P/FCF Ratio daily chart for CSX (CSX)

Historical P/FCF Ratio for CSX (CSX) from 2002 to 2025

About P/FCF Ratio at CSX (CSX)

CSX P/FCF Ratio by Year

CSX P/FCF Ratio 2025: 17.2×

CSX P/FCF Ratio 2024: 22.6×

CSX P/FCF Ratio 2023: 20.9×

CSX P/FCF Ratio 2022: 18.5×

CSX P/FCF Ratio 2021: 25.0×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

CSX (CSX) Key Financials