Canadian National Railway Company

Canadian National Railway Company

CNI
Canadian National Railway CompanyUS flagNew York Stock Exchange
122.25
USD
+1.09
- -
73.95BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
12.54
14.8
15.75
15.51
17.3
19.5
20.72
19.43
20.43
24.92
25.59
26.91
27.77
28.94
Basic EPS, GAAP
3.1
3.86
4.42
4.69
7.28
5.89
5.85
4.98
6.91
7.46
8.55
7.02
7.58
7.79
Free Cash Flow per Basic Share
1.87
2.54
3.04
3.23
3.77
3.25
2.86
4.64
5.76
5.71
5.74
4.97
5.44
5.78
Dividend per Share
0.86
1
1.24
1.49
1.64
1.81
2.14
2.3
2.46
2.92
3.15
3.37
3.54
3.6
Book Value per Share
15.6
16.64
18.96
19.43
22.43
24.26
25.27
27.66
32.45
31.87
31.3
33.52
35.17
36.21
Tangible Book Value per Share
15.52
16.57
18.87
19.34
22.34
24.16
24.94
27.36
32.15
31.56
30.99
33.21
34.81
35.31
Basic Weighted Avg Shares
843
820
801
776
754
734
720
711
708
686
658
634
623
614
Sales/Revenue/Turnover
10,575
12,134
12,611
12,037
13,041
14,321
14,917
13,819
14,477
17,107
16,828
17,046
17,304
17,761
Operating Margin (%)
36.62
38.11
41.76
41.8
40.2
38.36
37.49
38.09
38.43
39.98
39.2
37.11
38.07
37.55
Depreciation Expense
980
1,050
1,158
1,225
1,281
1,329
1,562
1,589
1,598
1,729
1,817
1,892
1,938
1,926
Net Income, GAAP
2,612
3,167
3,538
3,640
5,484
4,328
4,216
3,545
4,899
5,118
5,625
4,448
4,720
4,782
Effective Tax Rate (%)
27.22
27.36
27.41
26.12
- -
23.83
22.34
21.59
22.75
24.32
13.3
23.99
24.65
25.01
Profit Margin (%)
24.7
26.1
28.05
30.24
42.05
30.22
28.26
25.65
33.84
29.92
33.43
26.09
27.28
26.92
Working Capital
-521
-208
-845
-901
-1,793
-772
-1,457
-172
306
-625
-1,946
-1,357
-1,225
-422
LT Debt
6,819
7,828
8,985
9,448
8,748
11,385
12,245
12,307
12,299
14,713
16,431
20,071
20,616
22,104
Total Equity
12,953
13,470
14,950
14,841
16,656
17,641
18,041
19,651
22,744
21,384
20,117
21,051
21,568
21,901
Return on Invested Capital (%)
14.42
15.65
16.04
14.44
- -
14.41
13.81
12.57
12.44
14.07
14.87
11.72
11.5
11.52
Return on Capital (%)
14.84
16.12
16.34
15.62
- -
16.29
14.82
12.19
15.65
15.17
16.39
12.59
12.63
12.63
Return on Common Equity (%)
21.79
23.97
24.9
24.44
34.82
25.24
23.63
18.81
23.11
23.2
27.11
21.61
22.15
22.02

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,014
1,751
512
LT Borrowings
20,300
20,448
21,742
LT Finance Leases
316
317
362
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
613
608
605
Market Capitalization
83,257
86,857
102,381

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,471
3,048
2,847
Cash, Cash Equivalents & STI
350
573
280
Accounts Receivable, Net
1,117
1,252
1,313
Inventories
734
831
861
Total Current Liabilities
3,696
4,560
3,269
Payables & Accruals
2,546
2,809
2,757
ST Debt
1,014
1,751
512
Deferred Revenue
7
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.95%
2.19%
2.46%
Free Cash Flow
5.41%
1.41%
7.65%
Net Income, GAAP
5.17%
7.55%
6.12%
Sales/Revenue/Turnover
3.45%
4.82%
1.51%
Total Cash Common Dividend
8.4%
6.3%
3.27%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,249
4,329
4,110
4,358
17,046
2025
4,403
4,272
4,165
4,464
17,304
2026
4,379
4,753
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.72
1.75
1.72
1.82
7.02
2025
1.85
1.87
1.83
2.03
7.58
2026
1.87
2.06
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.84
0.84
0.84
0.84
3.37
2025
0.89
0.89
0.88
0.89
3.54
2026
0.91
0.91
- -
- -
- -

Company Description

CEO
Tracy A. Robinson
Full Time Employees
23,839
Sector
Industrials
Industry
Railroads
Address
935 de La Gauchetiere Street West Montreal QC Canada H3B 2M9
IPO Date
Nov 26, 1996
Website
cn.ca
Business
Canadian National Railway Company (Ticker: CNI) is a leading North American transportation and logistics company primarily engaged in rail freight services. The company operates an extensive rail network spanning Canada and the United States, offering a wide range of freight transportation solutions including intermodal services, bulk commodities transport, automotive logistics, and industrial products movement. Key products and services include railcar leasing, supply chain optimization, warehousing, and logistics services, which help customers efficiently transport goods across multiple industries such as energy, agriculture, chemicals, and manufacturing. Founded in 1919 and headquartered in Montreal, Quebec, Canadian National Railway Company serves a diverse customer base across Canada, the United States, and the Gulf of Mexico. The company acts as an integrated transportation provider with operations stretching from the Atlantic and Pacific coasts of Canada to the Gulf Coast of the U.S., enabling it to offer seamless cross-border rail freight services. Recent major company developments include strategic investments aimed at expanding capacity and modernizing its rail network infrastructure. Over the last two years, Canadian National has focused on sustainability initiatives, incorporating new fuel-efficient locomotives and enhanced technologies to reduce emissions and improve operational efficiency. The company has also advanced digital transformation efforts, investing in automated systems and predictive analytics to optimize logistics solutions and customer service. Additionally, Canadian National has pursued partnerships to extend its intermodal reach and improve service reliability amidst growing demand. No recent significant rebranding or name changes have been reported. As a key player in the rail transportation industry, Canadian National Railway Company remains committed to operational excellence, environmental stewardship, and expanding its service offerings to meet evolving market needs across North America. The company’s integrated approach combines traditional rail freight with innovative logistics solutions to support the supply chains of major industrial and consumer sectors.

Company News

  • CN Files Description of Anticipated Requested Conditions to Preserve Rail Competition and Expand Customer Options in the Midwest

  • Tracy Robinson to Address Morgan Stanley's 14th Annual Laguna Conference on September 16

  • Canadian Pacific Reaches New August Milestone for Grain Shipments

  • Safety Stocks Are Not What They Used to Be: 4 Names Built for a Weaker Dollar

  • Canadian National Reports Robust Grain Performance Record in August

  • CN Reports August Grain Movement

  • Billionaire Bill Gates Has 60% of His Foundation's $33 Billion Portfolio Invested in 3 Fantastic Stocks

  • 2 Dividend-Paying Stocks From the Railroad Industry to Consider

  • Canadian National Railway Company (NYSE:CNI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

  • CNI Advances Hybrid Locomotive Program to Boost Efficiency

  • Bill Gates's Top Second Quarter 2026 Move: Trims Berkshire Hathaway Inc at a -3.57% Portfolio Impact

  • CN Continues to Advance Locomotive Innovations

  • Canadian National Sets Record Grain Movement in 2025-26 Crop Year

  • CORRECTION -- CN Reports a Record 2025-26 Crop Year

  • Economic Moats: The 7 Types And 4 Stocks I Own

  • Canadian National Railway (TSE:CNR) Shares Cross Above 200-Day Moving Average – Here’s Why

  • CN Releases 2026–2027 Grain Plan: Strengthening Canada's Supply Chain

  • CN Supporting More Than 300 Customer Growth Projects Across Its Network

  • Assetmark Inc. Has $66,000 Stock Holdings in Canadian National Railway Company $CNI

  • Canadian National Railway: Better Traffic And Productivity, But Valuation Is Still Too Steep