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Stocks Railroads CNI

Canadian National Railway CNI

US equityMarket cap rank #228Railroads
$120.88
+$1.39 (+1.16%)
Market open · Sep 24, 1:10 pm ET
After hours $119.49 0.00%
Open$119.28
Prev close$119.49
Day range$119.06 – $121.14
Volume525.1K
Market cap$73.02B
P/E (TTM)21.9
Dividend yield2.10%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026 · reported in CAD

RevenueC$4.75B+11.3% YoY
Operating profitC$1.78B+8.7% YoY
Net profitC$1.25B+6.6% YoY
Diluted EPSC$2.06+10.2% YoY
Free cash flowC$916.00M-2.6% YoY
Operating cash flowC$1.61B

Revenue, last 8 quarters

C$4.1BSep '24C$4.4BDec '24C$4.4BMar '25C$4.3BJun '25C$4.2BSep '25C$4.5BDec '25C$4.4BMar '26C$4.8BJun '26

Net profit, last 8 quarters

C$1.1BSep '24C$1.1BDec '24C$1.2BMar '25C$1.2BJun '25C$1.1BSep '25C$1.2BDec '25C$1.1BMar '26C$1.2BJun '26

Diluted EPS by quarter

1.72Sep '241.82Dec '241.85Mar '251.87Jun '251.83Sep '252.03Dec '251.87Mar '262.06Jun '26

Free cash flow by quarter

C$598.0MSep '24C$1.1BDec '24C$645.0MMar '25C$940.0MJun '25C$808.0MSep '25C$998.0MDec '25C$826.0MMar '26C$916.0MJun '26

Annual revenue

C$13.8BFY20C$14.5BFY21C$17.1BFY22C$16.8BFY23C$17.0BFY24C$17.3BFY25

Profitability & balance sheet

Gross margin42.0%
Operating margin37.5%
Net margin26.9%
Return on equity22.0%
Return on assets8.2%
Return on invested capital12.6%
Current ratio0.87
Liabilities / assets63.6%
Cash & investmentsC$280.00M
Total debtC$22.62B
Net cash (debt)-C$22.34B
Free cash flow / sales20.0%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Income statement

Line item 2026 Q2
(CAD)
2026 Q1
(CAD)
2025 ANNUAL
(CAD)
2025 Q4
(CAD)
2025 Q3
(CAD)
Total Revenue as Reported C$4.75B C$4.38B C$17.30B C$4.46B C$4.17B
Total Operating Revenue C$4.75B C$4.38B C$17.30B C$4.46B C$4.17B
Cost of Revenue C$2.78B C$2.62B C$9.97B C$2.50B C$2.40B
Gross Profit C$1.97B C$1.76B C$7.33B C$1.96B C$1.77B
Operating Expense C$191.00M C$214.00M C$745.00M C$228.00M C$161.00M
Other Operating Expenses C$191.00M C$214.00M C$745.00M C$228.00M C$161.00M
Operating Profit C$1.78B C$1.55B C$6.59B C$1.73B C$1.61B
Net Non-Operating Interest Income (Expense) -C$241.00M -C$234.00M -C$913.00M -C$234.00M -C$227.00M
Non-Operating Interest Expense C$241.00M C$234.00M C$913.00M C$234.00M C$227.00M
Other Income (Expense) C$140.00M C$206.00M C$590.00M C$170.00M C$128.00M
Other Non-Operating Income (Expenses) C$140.00M C$206.00M C$510.00M C$90.00M C$128.00M
Pretax Profit C$1.68B C$1.52B C$6.26B C$1.67B C$1.51B
Tax C$431.00M C$375.00M C$1.54B C$421.00M C$368.00M
Net Profit C$1.25B C$1.15B C$4.72B C$1.25B C$1.14B
Profit from Continuing Operations C$1.25B C$1.15B C$4.72B C$1.25B C$1.14B
Net Income to Parent Company C$1.25B C$1.15B C$4.72B C$1.25B C$1.14B
Net Income to Common Stockholders C$1.25B C$1.15B C$4.72B C$1.25B C$1.14B
Basic EPS C$2.06 C$1.87 C$7.58 C$2.03 C$1.83
Diluted EPS C$2.06 C$1.87 C$7.57 C$2.03 C$1.83
Dividend Per Share C$0.92 C$0.92 C$3.55 C$0.89 C$0.89
Gain on Sale of Security C$32.00M
Special Income (Charges) C$48.00M C$48.00M C$0.00
-Gain on Sale of Property/Plant/Equipment C$48.00M C$48.00M C$0.00

Balance sheet

Line item 2026 Q2
(CAD)
2026 Q1
(CAD)
2025 ANNUAL
(CAD)
2025 Q4
(CAD)
2025 Q3
(CAD)
Total Assets C$60.09B C$59.46B C$58.56B C$58.56B C$57.65B
Total Current Assets C$2.85B C$3.05B C$2.47B C$2.47B C$2.51B
Cash and Cash Equivalents & Short-Term Investments C$280.00M C$573.00M C$350.00M C$350.00M C$214.00M
-Cash and Cash Equivalents C$280.00M C$573.00M C$350.00M C$350.00M C$214.00M
Receivables C$1.31B C$1.25B C$1.12B C$1.12B C$1.25B
-Accounts Receivable C$1.31B C$1.25B C$1.12B C$1.12B C$1.25B
Inventory C$861.00M C$831.00M C$734.00M C$734.00M C$780.00M
Restricted Cash C$14.00M C$13.00M C$13.00M C$13.00M C$12.00M
Other Current Assets C$379.00M C$379.00M C$49.00M C$49.00M C$260.00M
Total Non-Current Assets C$57.25B C$56.42B C$56.08B C$56.08B C$55.14B
Net PPE C$50.49B C$49.83B C$49.59B C$49.59B C$49.13B
-Gross PPE C$50.49B C$49.83B C$68.11B C$68.11B C$49.13B
Goodwill and Other Intangible Assets C$542.00M C$489.00M C$220.00M C$220.00M C$500.00M
Defined Pension Benefit C$5.61B C$5.49B C$5.36B C$5.36B C$4.88B
Non-Current Deferred Assets C$608.00M C$608.00M C$748.00M C$748.00M C$631.00M
Total Liabilities C$38.19B C$38.01B C$36.99B C$36.99B C$36.38B
Total Current Liabilities C$3.27B C$4.56B C$3.70B C$3.70B C$4.17B
Payables C$2.76B C$2.81B C$1.59B C$1.59B C$2.61B
-Accounts Payable C$2.76B C$2.81B C$890.00M C$890.00M C$2.61B
Short-Term Debt and Capital Lease Obligation C$512.00M C$1.75B C$1.01B C$1.01B C$1.57B
-Current Debt C$512.00M C$1.75B C$906.00M C$906.00M C$1.57B
Total Non-Current Liabilities C$34.92B C$33.45B C$33.29B C$33.29B C$32.21B
Long Term Debt and Capital Lease Obligation C$22.10B C$20.77B C$20.62B C$20.62B C$19.89B
-Long Term Debt C$21.74B C$20.45B C$20.30B C$20.30B C$19.55B
-Long Term Capital Lease Obligation C$362.00M C$317.00M C$316.00M C$316.00M C$339.00M
Non-Current Deferred Liabilities C$11.45B C$11.30B C$11.95B C$11.95B C$11.04B
Employee Benefits C$460.00M C$463.00M C$457.00M C$457.00M C$470.00M
Other Non-Current Liabilities C$911.00M C$924.00M C$805.00M
Total Equity C$21.90B C$21.45B C$21.57B C$21.57B C$21.27B
Stockholders' Equity C$21.90B C$21.45B C$21.57B C$21.57B C$21.27B
Capital Stock C$3.47B C$3.47B C$3.45B C$3.45B C$3.47B
-Common Stock C$3.47B C$3.47B C$3.45B C$3.45B C$3.47B
Additional Paid-In Capital C$434.00M C$407.00M C$415.00M C$415.00M C$404.00M
Retained Earnings C$18.94B C$18.69B C$18.92B C$18.92B C$18.79B
Less: Treasury Stock C$153.00M C$150.00M C$152.00M C$152.00M C$137.00M
Gains/Losses Not Affecting Retained Earnings -C$798.00M -C$960.00M -C$1.07B -C$1.07B -C$1.25B
-Taxes Receivable C$0.00 C$0.00
Prepaid Assets C$208.00M C$208.00M
-Accumulated Depreciation -C$18.52B -C$18.52B
Investments and Advances C$111.00M C$111.00M
Non Current Accounts Receivables C$6.00M C$6.00M
-Goodwill C$100.00M C$100.00M
-Other Intangible Assets C$120.00M C$120.00M
Other Non-Current Assets C$49.00M C$49.00M
-Total Tax Payable C$430.00M C$430.00M
-Other Payable C$269.00M C$269.00M
Current Accrued Expenses C$957.00M C$957.00M
-Current Capital Lease Obligation C$108.00M C$108.00M
Current Provisions C$109.00M C$109.00M
Current Deferred Liabilities C$7.00M C$7.00M
Other Current Liabilities C$10.00M C$10.00M
Non-Current Liabilities C$265.00M C$265.00M

Cash flow

Line item 2026 Q2
(CAD)
2026 Q1
(CAD)
2025 ANNUAL
(CAD)
2025 Q4
(CAD)
2025 Q3
(CAD)
Operating Cash Flow C$1.61B C$1.27B C$7.05B C$2.23B C$1.91B
Net cash flow from continuing operations C$1.61B C$1.27B C$7.05B C$2.23B C$1.91B
Net Income from Continuing Operations C$1.25B C$1.15B C$4.72B C$1.25B C$1.14B
Gain/Loss from Continuing Operations -C$114.00M -C$168.00M -C$410.00M -C$105.00M -C$101.00M
Depreciation & Depletion & Amortization C$486.00M C$484.00M C$1.94B C$456.00M C$500.00M
Deferred Tax C$93.00M C$45.00M C$334.00M C$144.00M C$92.00M
Other Non-Cash Items C$24.00M C$12.00M C$302.00M C$170.00M C$78.00M
Change in Working Capital -C$127.00M -C$254.00M C$165.00M C$314.00M C$205.00M
-Change in Receivables -C$65.00M -C$125.00M C$92.00M C$132.00M -C$83.00M
-Change in Inventory -C$28.00M -C$92.00M -C$24.00M C$43.00M C$43.00M
-Change in Payables and Accrued Expense -C$42.00M -C$20.00M C$220.00M C$149.00M C$233.00M
-Change in Other Current Assets C$8.00M -C$17.00M -C$123.00M -C$10.00M C$12.00M
Net cash flow from investing -C$669.00M -C$365.00M -C$3.71B -C$1.23B -C$1.12B
Net Cash Flow from Continuing Investing Activities -C$669.00M -C$365.00M -C$3.71B -C$1.23B -C$1.12B
Net PPE Purchase and Sale -C$695.00M -C$355.00M -C$3.66B -C$1.23B -C$1.11B
Net Other Investing Changes C$26.00M -C$10.00M -C$55.00M -C$3.00M -C$15.00M
Financing Cash Flow -C$1.24B -C$678.00M -C$3.37B -C$857.00M -C$1.21B
Net Cash Flow from Continuing Financing Activities -C$1.24B -C$678.00M -C$3.37B -C$857.00M -C$1.21B
Net Issuance Payments Of Debt -C$310.00M C$781.00M C$907.00M C$306.00M C$348.00M
Net Common Stock Issuance -C$464.00M -C$893.00M -C$2.12B -C$611.00M -C$1.04B
Cash Dividends Paid -C$554.00M -C$558.00M -C$2.21B -C$545.00M -C$550.00M
Proceeds from Stock Option Exercised C$21.00M C$36.00M C$51.00M C$9.00M C$1.00M
Net Other Financing Charges C$71.00M -C$44.00M -C$6.00M -C$16.00M C$31.00M
Ending Cash Balance C$294.00M C$586.00M C$363.00M C$363.00M C$226.00M
Net Change in Cash -C$294.00M C$222.00M -C$35.00M C$138.00M -C$416.00M
Beginning Cash Balance C$586.00M C$363.00M C$401.00M C$226.00M C$640.00M
Effect of Exchange Rate Changes C$2.00M C$1.00M -C$3.00M -C$1.00M C$2.00M
Free Cash Flow C$916.00M C$826.00M C$3.39B C$998.00M C$808.00M
Net Business Purchase and Sale C$0.00
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