CANADIAN NATIONAL RAILWAY CO (CNI)

126.01 -0.37% (-0.47)

Over 5Y: +29.1%

2026-08-28
100 120
2021 2022 2023 2024 2025 2026

Financials Annual

2020 — Revenue: 13.8B 2020 — Operating Cash Flow: 6.2B 2020 — Free Cash Flow: 3.3B 2020 — Net Income: 3.6B 2022 — Revenue: 17.1B 2022 — Operating Cash Flow: 6.7B 2022 — Free Cash Flow: 3.9B 2022 — Net Income: 5.1B 2023 — Revenue: 16.8B 2023 — Operating Cash Flow: 7B 2023 — Free Cash Flow: 3.8B 2023 — Net Income: 5.6B 2024 — Revenue: 17B 2024 — Operating Cash Flow: 6.7B 2024 — Free Cash Flow: 3.1B 2024 — Net Income: 4.4B 2025 — Revenue: 17.3B 2025 — Operating Cash Flow: 7B 2025 — Free Cash Flow: 3.4B 2025 — Net Income: 4.7B 0 3.5B 7B 10.5B 14B 17.5B
2020 2022 2023 2024 2025
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2025-12-31, reported in CAD. The newest fact in the filings is dated 2025-12-31, 242 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

6.8
SBC / sales 0.61%
Oper. margin 38.1%
OE margin 19.0%
ROIC 12.3%
Accruals -4.0%
OCF margin 40.7%
FCF margin 19.6%
ROA 8.1%
ROCE 12.0%
ROE 21.9%
OCF / EBIT 1.1×
Gross margin —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

1.0
RPO / sales 0.006×
RPO growth 0.98%
Segment HHI —

1 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

3.4
ND/EBITDA —
Current ratio 0.67×
Payout 46.8%
Debt / Eq 0.98×
Net debt / Eq 0.97×
Quick ratio 0.67×
Cash / Debt 0.017×
Debt payback 6.2 yr
Cash runway —
F-score —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

1.5
Sales/sh Y/Y +3.3%
EPS CAGR 4Y +8.7%
EPS Y/Y +8.0%
Sales Q/Q -14.5%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS next Y —
Sales CAGR 4Y —

1 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.