• CSX average return on tangible equity for 2023 was 33.39, a 5.33% decline from 2022.
• CSX average return on tangible equity for 2022 was 31.7, a 22.68% increase from 2021.
• CSX average return on tangible equity for 2021 was 25.84, a 7.04% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.