Canadian National Railway Company logo

Canadian National Railway Company

CNI

NYSEIndustrialsRailroads

Previous close

$129.84

+$1.61 · +1.26%

Aug 21, 4:00 PM ET

Pre-market

$129.95

+$0.11 · +0.08%

Aug 24, 5:58 AM ET

CNI company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

74

Undervalued

Momentum

59

Neutral

Sentiment

59

Mixed

Risk resilience

83

Low Risk

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Company profile

Company website

Canadian National Railway Company (CNI), together with its subsidiary operations, functions as a key player in the railway and related logistics industry. The firm handles a wide array of freight, including petroleum products and chemicals, agricultural commodities such as grain and fertilizers, various minerals like coal and metals, timber and paper goods, intermodal containers, and finished automobiles. Its services cater to a broad base of clients, from international exporters and importers to retail chains, agricultural growers, and industrial manufacturers. CNI boasts a substantial rail infrastructure, with approximately 19,500 miles of track extending across both Canada and the United States. Additionally, the company provides diverse ancillary services, encompassing marine terminal management (vessels and docks), cargo transshipment and distribution, specialized automotive supply chain solutions, and comprehensive freight management and forwarding. Founded in 1919, Canadian National Railway Company is based in Montreal, Canada.

Industry
Railroads
Sector
Industrials
Headquarters
CA
CEO
Tracy A. Robinson
Listed since
Nov 26, 1996
Employees
23,839

Market position

Day range

Current $129.84

52-week range

Current $129.84

Open
$129.5
Previous close
$128.23
Volume
880.29K
0.59× average
Average volume
1.49M
Average daily volume
Market cap
78.54B USD
Beta
0.96
Market reference 1
50-day average
$124.06
+4.66% above average
200-day average
$109.46
+18.62% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
105.97B CAD
P/E (TTM)
22.94×
P/B (TTM)
4.95×
P/S (TTM)
6.09×
EV / EBITDA
11.64×
Earnings yield
5.58%
Free cash flow yield
4.01%
Dividend yield
2.02%

Profitability & efficiency

Gross margin
42.20%
Operating margin
37.55%
Net margin
26.92%
Return on equity
21.88%
Return on assets
8.06%
Return on invested capital
8.90%

Financial health

Debt / equity
1.03×
Current ratio
0.67×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends47%39%32%24%Gross margin, FY2021: 41.92%Gross margin, FY2022: 43.23%Gross margin, FY2023: 42.49%Gross margin, FY2024: 40.87%Gross margin, FY2025: 44.87%Operating margin, FY2021: 38.79%Operating margin, FY2022: 39.98%Operating margin, FY2023: 39.20%Operating margin, FY2024: 36.65%Operating margin, FY2025: 38.07%Net margin, FY2021: 33.84%Net margin, FY2022: 29.92%Net margin, FY2023: 33.43%Net margin, FY2024: 26.09%Net margin, FY2025: 27.28%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.92%. Gross margin FY2022 43.23%. Gross margin FY2023 42.49%. Gross margin FY2024 40.87%. Gross margin FY2025 44.87%. Operating margin FY2021 38.79%. Operating margin FY2022 39.98%. Operating margin FY2023 39.20%. Operating margin FY2024 36.65%. Operating margin FY2025 38.07%. Net margin FY2021 33.84%. Net margin FY2022 29.92%. Net margin FY2023 33.43%. Net margin FY2024 26.09%. Net margin FY2025 27.28%.

Income trends

Revenue

17.29B CAD+1.43%

Operating income

6.58B CAD+5.36%

Net income

4.72B CAD+6.03%
Income trends across reported periods18.57B CAD13.44B CAD8.3B CAD3.16B CADRevenue, FY2021: 14.48B CADRevenue, FY2022: 17.11B CADRevenue, FY2023: 16.83B CADRevenue, FY2024: 17.05B CADRevenue, FY2025: 17.29B CADOperating income, FY2021: 5.62B CADOperating income, FY2022: 6.84B CADOperating income, FY2023: 6.6B CADOperating income, FY2024: 6.25B CADOperating income, FY2025: 6.58B CADNet income, FY2021: 4.9B CADNet income, FY2022: 5.12B CADNet income, FY2023: 5.63B CADNet income, FY2024: 4.45B CADNet income, FY2025: 4.72B CADFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 14.48B CAD. Revenue FY2022 17.11B CAD. Revenue FY2023 16.83B CAD. Revenue FY2024 17.05B CAD. Revenue FY2025 17.29B CAD. Operating income FY2021 5.62B CAD. Operating income FY2022 6.84B CAD. Operating income FY2023 6.6B CAD. Operating income FY2024 6.25B CAD. Operating income FY2025 6.58B CAD. Net income FY2021 4.9B CAD. Net income FY2022 5.12B CAD. Net income FY2023 5.63B CAD. Net income FY2024 4.45B CAD. Net income FY2025 4.72B CAD.
Metric (CAD)FY2025FY2024FY2023FY2022FY2021
Revenue17.29B CAD17.05B CAD16.83B CAD17.11B CAD14.48B CAD
Cost of goods sold9.53B CAD10.08B CAD9.68B CAD9.71B CAD8.41B CAD
Gross profit7.76B CAD6.97B CAD7.15B CAD7.4B CAD6.07B CAD
Selling, general, and administrative1.18B CAD−479M CAD−498M CAD−407M CAD
Operating expenses1.18B CAD720M CAD554M CAD556M CAD453M CAD
Interest expense912.26M CAD891M CAD722M CAD548M CAD610M CAD
Depreciation and amortization1.94B CAD1.89B CAD1.82B CAD1.73B CAD1.6B CAD
Operating income6.58B CAD6.25B CAD6.6B CAD6.84B CAD5.62B CAD
Net income4.72B CAD4.45B CAD5.63B CAD5.12B CAD4.9B CAD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 4 misses, 1 met estimate
Average EPS surprise
+0.74%
11 comparable reports
Latest EPS result
1.5
Estimate 1.39 · Beat by 7.91%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.561.441.321.2Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MetQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 1.3, estimate 1.37, surprise -5.11%, Miss. Q2 2025, reported May 1, 2025: actual 1.29, estimate 1.26, surprise +2.38%, Beat. Q3 2025, reported Jul 22, 2025: actual 1.35, estimate 1.37, surprise -1.46%, Miss. Q4 2025, reported Oct 31, 2025: actual 1.33, estimate 1.28, surprise +3.91%, Beat. Q1 2026, reported Jan 30, 2026: actual 1.49, estimate 1.43, surprise +4.20%, Beat. Q2 2026, reported Apr 29, 2026: actual 1.31, estimate 1.31, surprise 0.00%, Met estimate. Q3 2026, reported Jul 24, 2026: actual 1.5, estimate 1.39, surprise +7.91%, Beat. Q4 2026, reported Oct 30, 2026: actual —, estimate 1.49, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates4.61B3.73B2.85B1.96BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 3.03B USD, estimate 4.37B USD, surprise -30.64%, Miss. Q2 2025, reported May 1, 2025: actual 3.09B USD, estimate 4.36B USD, surprise -29.14%, Miss. Q3 2025, reported Jul 22, 2025: actual 3.14B USD, estimate 4.17B USD, surprise -24.78%, Miss. Q4 2025, reported Oct 31, 2025: actual 2.14B USD, estimate 4.43B USD, surprise -51.60%, Miss. Q1 2026, reported Jan 30, 2026: actual 3.25B USD, estimate 3.25B USD, surprise +0.15%, Beat. Q2 2026, reported Apr 29, 2026: actual 3.15B USD, estimate 3.15B USD, surprise +0.01%, Beat. Q3 2026, reported Jul 24, 2026: actual 3.35B USD, estimate 3.26B USD, surprise +2.62%, Beat. Q4 2026, reported Oct 30, 2026: actual —, estimate 3.33B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

51 ratings
Strong buy00%
Buy1733%
Hold3161%
Sell36%
Strong sell00%

CNI peers

ETFs holding CNI

Funds reporting this stock among their holdings, ordered by reported position size.

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