CSX vs Union Pacific
Union Pacific is the larger business, with $24.51bn of revenue in fiscal 2025 against $14.09bn for CSX (1.7 times as much). Union Pacific grew faster (1.1% against -3.1%). Union Pacific kept more of each dollar of sales as profit: a net margin of 29.1% against 20.5%.
| Latest fiscal year | CSXCSX, 2025 | Union PacificUNP, 2025 |
|---|---|---|
| Revenue | $14.09bn | $24.51bn |
| Revenue growth | -3.1% | 1.1% |
| Net income | $2.89bn | $7.14bn |
| Operating margin | — | 40.2% |
| Net margin | 20.5% | 29.1% |
| Return on equity | 22.5% | 40.4% |
| Free cash flow | $1.71bn | $5.50bn |
| Cash | $670m | $1.27bn |
| Total debt | $18.87bn | $33.49bn |
| Debt to equity | — | 181.4% |
| Dividend per share | $0.52 | $5.44 |
| Dividend yield | 1.1% | 1.8% |
| Share buybacks | $1.40bn | $2.68bn |
| Employees | — | 29,287 |
| Market value | $94.36bn | $181.36bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 92 (Strong) | 95 (Strong) |
| Insider trades, 12 months | 1 buys, 7 sales | 0 buys, 5 sales |