Canadian National Railway
CNI
115.75
-2.66
-2.25%
Canadian National Railway
US · CNI
#314 by market cap
Listed 1970
115.75
-2.66
-2.25%
Live - 5344 symbols - heartbeat 496s ago
· 2026-10-08 07:37
Pre-market
115.75
0.00%
After-hours
115.75
0.00%
Overnight
115.01
-0.64%
- Market cap
- 69.92B
- P/E (TTM)i
- 21.18
- P/Bi
- 4.55
- EPSi
- 5.31
- Div yieldi
- 2.19%
- 52W posi
- 67%
Reader sentiment
Are you bullish or bearish on CNI?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Fair
- Altman Z-Score is 2.23, in the 1.8-3.0 "grey zone".
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +1.51% YoY
Margins
- Gross margin
- 42.37%
- Operating margin
- 38.07%
- Net margin
- 27.28%
Key ratios & quality
- Enterprise valuei
- 90.89B
- Altman Z-Scorei
- 2.23
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.32B | 14.92B | 13.82B | 14.48B | 17.11B | 16.83B | 17.05B | 17.30B |
| Gross profit | 5.96B | 6.09B | 5.77B | 6.07B | 7.40B | 7.15B | 6.97B | 7.33B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 5.49B | 5.59B | 5.26B | 5.56B | 6.84B | 6.60B | 6.33B | 6.59B |
| Pretax profit | 5.68B | 5.43B | 4.52B | 6.34B | 6.76B | 6.49B | 5.85B | 6.26B |
| Tax | 1.35B | 1.21B | 976.00M | 1.44B | 1.65B | 863.00M | 1.40B | 1.54B |
| Net profit | 4.33B | 4.22B | 3.55B | 4.90B | 5.12B | 5.63B | 4.45B | 4.72B |
| Basic EPS | 6 | 6 | 5 | 7 | 7 | 9 | 7 | 8 |
| Diluted EPS | 5.87 | 5.83 | 4.97 | 6.90 | 7.44 | 8.53 | 7.01 | 7.57 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 4.40B | 4.27B | 4.17B | 4.46B | 4.38B | 4.75B |
| Gross profit | 1.78B | 1.83B | 1.77B | 1.96B | 1.76B | 1.97B |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.61B | 1.64B | 1.61B | 1.73B | 1.55B | 1.78B |
| Pretax profit | 1.53B | 1.56B | 1.51B | 1.67B | 1.52B | 1.68B |
| Tax | 366.00M | 389.00M | 368.00M | 421.00M | 375.00M | 431.00M |
| Net profit | 1.16B | 1.17B | 1.14B | 1.25B | 1.15B | 1.25B |
| Basic EPS | 2 | 2 | 2 | 2 | 2 | 2 |
| Diluted EPS | 1.85 | 1.87 | 1.83 | 2.03 | 1.87 | 2.06 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.73B | 2.83B | 3.10B | 3.43B | 3.22B | 3.09B | 2.62B | 2.47B |
| Cash & ST investments | 266.00M | 64.00M | 569.00M | 838.00M | 328.00M | 475.00M | 389.00M | 350.00M |
| Inventory | 557.00M | 611.00M | 583.00M | 589.00M | 692.00M | 699.00M | 720.00M | 734.00M |
| Total assets | 41.21B | 43.78B | 44.80B | 48.54B | 50.66B | 52.67B | 57.07B | 58.56B |
| Total current liabilities | 3.50B | 4.29B | 3.27B | 3.12B | 3.84B | 5.04B | 3.98B | 3.70B |
| Short-term debt | 1.18B | 2.05B | 1.02B | 616.00M | 1.18B | 2.46B | 1.30B | 1.01B |
| Long-term debt | 11.39B | 11.87B | 12.00B | 11.98B | 14.37B | 16.13B | 19.73B | 20.30B |
| Total liabilities | 23,573,000,000.00 | 25,743,000,000.00 | 25,153,000,000.00 | 25,794,000,000.00 | 29,278,000,000.00 | 32,549,000,000.00 | 36,016,000,000.00 | 36,987,000,000.00 |
| Total equity | 17.64B | 18.04B | 19.65B | 22.74B | 21.38B | 20.12B | 21.05B | 21.57B |
| Retained earnings | 16.62B | 17.63B | 19.16B | 20.99B | 19.53B | 18.66B | 18.35B | 18.92B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.68B | 2.87B | 2.51B | 2.47B | 3.05B | 2.85B |
| Cash & ST investments | 232.00M | 216.00M | 214.00M | 350.00M | 573.00M | 280.00M |
| Inventory | 809.00M | 817.00M | 780.00M | 734.00M | 831.00M | 861.00M |
| Total assets | 57.40B | 56.78B | 57.65B | 58.56B | 59.46B | 60.09B |
| Total current liabilities | 4.31B | 3.51B | 4.17B | 3.70B | 4.56B | 3.27B |
| Short-term debt | 1.80B | 1.12B | 1.57B | 1.01B | 1.75B | 512.00M |
| Long-term debt | 19.00B | 19.30B | 19.55B | 20.30B | 20.45B | 21.74B |
| Total liabilities | 35,779,000,000.00 | 35,240,000,000.00 | 36,381,000,000.00 | 36,987,000,000.00 | 38,012,000,000.00 | 38,193,000,000.00 |
| Total equity | 21.62B | 21.54B | 21.27B | 21.57B | 21.45B | 21.90B |
| Retained earnings | 18.88B | 19.20B | 18.79B | 18.92B | 18.69B | 18.94B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 5.92B | 5.92B | 6.17B | 6.97B | 6.67B | 6.97B | 6.70B | 7.05B |
| Depreciation & amortization | 1.33B | 1.56B | 1.59B | 1.60B | 1.73B | 1.82B | 1.89B | 1.94B |
| Free cash flow | 2.39B | 2.06B | 3.30B | 4.08B | 3.92B | 3.78B | 3.15B | 3.39B |
| Dividends paid | -1.33B | -1.54B | -1.63B | -1.74B | -2.00B | -2.07B | -2.14B | -2.21B |
| Stock buybacks / issuance | -2.04B | -1.73B | -393.00M | -1.61B | -4.81B | -4.58B | -2.65B | -2.12B |
| Ending cash balance | 759.00M | 588.00M | 1.10B | 1.34B | 834.00M | 924.00M | 401.00M | 363.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 1.16B | 1.75B | 1.91B | 2.23B | 1.27B | 1.61B |
| Depreciation & amortization | 493.00M | 489.00M | 500.00M | 456.00M | 484.00M | 486.00M |
| Free cash flow | 645.00M | 940.00M | 808.00M | 998.00M | 826.00M | 916.00M |
| Dividends paid | -557.00M | -556.00M | -550.00M | -545.00M | -558.00M | -554.00M |
| Stock buybacks / issuance | -162.00M | -303.00M | -1.04B | -611.00M | -893.00M | -464.00M |
| Ending cash balance | 232.00M | 640.00M | 226.00M | 363.00M | 586.00M | 294.00M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 25.24 | 23.63 | 18.90 | 23.08 | 23.20 | 27.11 | 21.61 | 22.15 |
| ROA %i | 10.98 | 9.92 | 8.04 | 10.48 | 10.32 | 10.89 | 8.11 | 8.16 |
| ROIC %i | 16.29 | 14.82 | 12.24 | 15.63 | 15.17 | 16.39 | 12.59 | 12.63 |
| 5-year avg ROE %i | 26.67 | 26.61 | 25.39 | 25.12 | 22.80 | 23.17 | 22.77 | 23.43 |
| EBIT margin %i | 43.09 | 40.00 | 36.89 | 47.96 | 42.74 | 42.85 | 39.56 | 41.48 |
| FCF / sales %i | 16.67 | 13.80 | 23.89 | 28.18 | 22.90 | 22.45 | 18.48 | 19.60 |
| Current ratioi | 0.78 | 0.66 | 0.95 | 1.10 | 0.84 | 0.61 | 0.66 | 0.67 |
| Quick ratioi | 0.41 | 0.35 | 0.52 | 0.61 | 0.45 | 0.35 | 0.43 | 0.40 |
| Debt / assetsi | 30.50 | 32.65 | 29.74 | 26.61 | 31.37 | 35.86 | 37.45 | 36.94 |
| LT debt / equityi | 64.54 | 67.87 | 62.63 | 54.08 | 68.80 | 81.68 | 95.34 | 95.59 |
| Interest coveragei | 12.62 | 11.09 | 9.20 | 11.38 | 13.34 | 9.99 | 7.57 | 7.86 |
| Revenue CAGR (3Y) %i | 4.33 | 7.41 | 1.95 | 0.36 | 4.67 | 6.79 | 5.60 | 0.38 |
| Net income CAGR (3Y) %i | 6.95 | 5.02 | -13.54 | 4.22 | 6.68 | 16.64 | -3.17 | -2.66 |
| FCF CAGR (3Y) %i | -0.65 | -6.37 | 5.12 | 19.56 | 23.93 | 4.59 | -8.26 | -4.69 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 21.73 | 22.30 | 22.68 | 22.15 | 21.85 | 22.02 |
| ROA %i | 8.12 | 8.24 | 8.24 | 8.16 | 8.05 | 8.18 |
| ROIC %i | 12.59 | 12.75 | 12.77 | 12.63 | 12.44 | 12.63 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 39.78 | 40.35 | 40.78 | 41.48 | 41.50 | 41.17 |
| FCF / sales %i | 18.92 | 18.86 | 20.03 | 19.60 | 20.67 | 19.98 |
| Current ratioi | 0.62 | 0.82 | 0.60 | 0.67 | 0.67 | 0.87 |
| Quick ratioi | 0.35 | 0.38 | 0.35 | 0.40 | 0.40 | 0.49 |
| Debt / assetsi | 36.82 | 36.55 | 37.22 | 36.94 | 37.87 | 37.63 |
| LT debt / equityi | 89.43 | 91.15 | 93.51 | 95.59 | 96.80 | 100.93 |
| Interest coveragei | 7.49 | 7.58 | 7.71 | 7.86 | 7.85 | 7.81 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 07:37:30 · For reference only, not investment advice and not tailored to your situation.