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C

Canadian National Railway CNR.TO · CAD

Industrials · Toronto Stock Exchange · 🇨🇦 Canada

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179.45

+2.42%

Close of 9 Nov 2026, in CAD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CAD, from our data supplier.

FY2025

Revenue

C$17.30bn

FY2016FY2025

Net income

C$4.72bn

FY2016FY2025

Free cash flow

C$3.39bn

FY2016FY2025

Shareholders' equity

C$21.57bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueC$17.30bnC$17.05bnC$16.83bnC$17.11bnC$14.48bnC$13.82bnC$14.92bnC$14.32bnC$13.04bnC$12.04bn
Gross profitC$7.76bnC$9.31bnC$9.45bnC$9.62bnC$8.11bnC$7.65bnC$8.00bnC$7.59bnC$7.27bnC$6.90bn
Operating incomeC$6.59bnC$6.25bnC$6.60bnC$6.84bnC$6.01bnC$4.78bnC$5.59bnC$5.79bnC$5.24bnC$5.03bn
Net incomeC$4.72bnC$4.45bnC$5.63bnC$5.12bnC$4.90bnC$3.54bnC$4.22bnC$4.33bnC$5.48bnC$3.64bn
Diluted earnings per share7.667.078.697.566.934.975.885.927.314.73

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsC$58.55bnC$57.07bnC$52.67bnC$50.66bnC$48.54bnC$44.80bnC$43.78bnC$41.21bnC$37.63bnC$37.06bn
Cash and short-term investmentsC$363.0mC$389.0mC$475.0mC$328.0mC$838.0mC$569.0mC$64.0mC$266.0mC$70.0mC$176.0m
Total liabilitiesC$36.99bnC$36.02bnC$32.55bnC$29.28bnC$25.79bnC$25.15bnC$25.74bnC$23.57bnC$20.97bnC$22.22bn
DebtC$21.21bnC$20.89bnC$18.47bnC$15.43bnC$12.48bnC$12.91bnC$13.80bnC$12.57bnC$10.83bnC$10.94bn
Shareholders' equityC$21.57bnC$21.05bnC$20.12bnC$21.38bnC$22.74bnC$19.65bnC$18.04bnC$17.64bnC$16.66bnC$14.84bn
Shares outstanding616m630m648m677m707m713m717m731m750m770m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsC$7.05bnC$6.70bnC$6.96bnC$6.67bnC$6.97bnC$6.17bnC$5.92bnC$5.92bnC$5.52bnC$5.20bn
Capital spending−C$3.66bn−C$3.55bn−C$3.19bn−C$2.75bn−C$2.89bn−C$2.86bn−C$3.87bn−C$3.53bn−C$2.67bn−C$2.69bn
Free cash flowC$3.39bnC$3.15bnC$3.78bnC$3.92bnC$4.08bnC$3.30bnC$2.06bnC$2.39bnC$2.84bnC$2.51bn
Dividends paid−C$2.21bn−C$2.14bn−C$2.07bn−C$2.00bn−C$1.74bn−C$1.63bn−C$1.54bn−C$1.33bn−C$1.24bn−C$1.16bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueC$4.75bnC$4.38bnC$4.46bnC$4.17bnC$4.27bnC$4.40bnC$4.36bnC$4.11bn
Gross profitC$2.08bnC$1.88bnC$1.77bnC$1.77bnC$1.83bnC$2.40bnC$2.41bnC$2.25bn
Operating incomeC$1.78bnC$1.55bnC$1.73bnC$1.61bnC$1.64bnC$1.61bnC$1.63bnC$1.51bn
Net incomeC$1.25bnC$1.15bnC$1.25bnC$1.14bnC$1.17bnC$1.16bnC$1.15bnC$1.08bn
Diluted earnings per share2.061.892.031.851.901.881.821.72
Cash from operationsC$1.61bnC$1.26bnC$2.23bnC$1.91bnC$1.75bnC$1.16bnC$2.00bnC$1.77bn
Capital spending−C$695.0m−C$439.0m−C$1.23bn−C$1.10bn−C$805.0m−C$519.0m−C$944.0m−C$1.18bn
Free cash flowC$916.0mC$826.0mC$998.0mC$808.0mC$940.0mC$645.0mC$1.05bnC$598.0m
Total assetsC$60.09bnC$59.46bnC$58.55bnC$57.65bnC$56.78bnC$57.40bnC$57.07bnC$54.48bn
Cash and short-term investmentsC$294.0mC$586.0mC$363.0mC$226.0mC$216.0mC$232.0mC$389.0mC$698.0m
DebtC$22.25bnC$22.20bnC$21.21bnC$21.12bnC$20.43bnC$20.79bnC$21.03bnC$20.70bn
Shareholders' equityC$21.90bnC$21.45bnC$21.57bnC$21.27bnC$21.54bnC$21.62bnC$21.05bnC$19.46bn

Financial ratios

Data as of 10 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin44.9%54.6%56.1%56.3%56.0%55.4%
Operating margin38.1%36.6%39.2%40.0%41.5%34.6%
Net margin27.3%26.1%33.4%29.9%33.8%25.7%
Return on equity21.9%21.1%28.0%23.9%21.5%18.0%
Return on assets8.1%7.8%10.7%10.1%10.1%7.9%
Free cash flow yield10.3%9.7%9.3%8.3%8.3%7.5%
Revenue growth1.5%1.3%-1.6%18.2%4.8%-7.4%
Earnings growth6.1%-20.9%9.9%4.5%38.2%-15.9%
Current ratio0.67x0.66x0.61x0.84x1.10x0.95x
Debt to equity0.98x1.00x0.92x0.73x0.55x0.66x
Equity ratio36.8%36.9%38.2%42.2%46.9%43.9%
Interest coverage7.21x7.01x9.14x12.48x9.85x8.62x
Buybacks as a share of market value2.1%2.8%4.3%4.3%0.8%0.6%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.4%4.6%3.2%
Operating income-1.2%6.6%2.3%
Net income-2.7%5.9%2.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin49.7%52.9%53.7%54.1%
Operating margin37.4%38.5%38.4%39.1%
Net margin26.7%29.2%29.4%30.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings17.720.719.221.322.428.120.017.114.219.1
Price to sales4.85.46.46.47.67.25.75.26.05.8

Dividends and splits

Per share, in the currency the company pays

Paid for 30 years. Last went ex-dividend on 8 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.7453.553.383.162.932.462.302.15
  • 2-for-1 split · 2 Dec 2013
  • 2-for-1 split · 20 Feb 2006
  • 3-for-2 split · 19 Feb 2004
  • 2-for-1 split · 21 Sept 1999

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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