CSX Corporation

TTM operating income was 4.52 billion dollars, depreciation and amortization 1.68 billion dollars, and interest expense 844 million dollars, implying EBIT interest coverage roughly 5 to 6 times.

Balance sheet shows cash and short-term investments of 675 million dollars and total debt near 18.9 billion dollars at year end 2025. Ratings are Moody’s A3, S&P BBB plus, and Fitch A minus, all with stable outlooks.

Free cash flow before dividends was 1.79 billion dollars in 2025, temporarily depressed by a 470 million dollar hurricane rebuild and 429 million dollars of tax timing, which implies normalized FCF near 2.6 to 2.7 billion dollars. These metrics indicate solid investment grade resilience through downturns, albeit not pristine leverage.