• CSX average return on tangible equity for 2023 was 31.99, a 1.23% decline from 2022.
• CSX average return on tangible equity for 2022 was 32.39, a 16.39% decline from 2021.
• CSX average return on tangible equity for 2021 was 27.83, a 22.11% 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.