CSX Corporation — Earnings Quality Grade F
CSX · Industrials
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 24 days, change -1 days YoY
AR growth -8.7% vs revenue growth -3.1%
Revenue -3.1%, CFFO -12.1%. Cash follows revenue
Expense Quality
Inventory -5.8% vs COGS 2.4%. Normal
CapEx growth 14.7% vs revenue -3.1%. Normal
SG&A/Gross Profit = -0.7%, excellent (<30%)
Gross margin 33.2%, change -3.6pp. Stable
Cash Flow Quality
CFFO/NI = 1.60. Profits backed by cash
FCF $1.7B, FCF/NI = 0.59
Accruals ratio = -3.9%. Low accruals
Cash $0.7B covers only 3% of debt $19.4B
Balance Sheet Health
Goodwill+Intangibles $0.3B = 2% of equity. Manageable
Debt/EBITDA = 3.1x. Healthy
Other assets 13.0% vs revenue -3.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -38% YoY. Normal
Manipulation Score
M-Score = -2.63 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08