Canadian National Railway (CNI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 22, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 6-K for FY2025, filed Feb 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CNI SEC filings page.
Canadian National Railway (CNI) reported $12.6B in revenue for fiscal year 2025, up 6.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Canadian National Railway's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Canadian National Railway has an operating margin of 38.1%, meaning the company retains $38 of operating profit per $100 of revenue. This strong profitability earns a score of 97/100, reflecting efficient cost management and pricing power. This is up from 36.6% the prior year.
Canadian National Railway's revenue grew 6.6% year-over-year to $12.6B, a solid pace of expansion. This earns a growth score of 29/100.
Canadian National Railway has elevated debt relative to equity (D/E of 0.94), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 27/100, reflecting increased financial risk.
Canadian National Railway's current ratio of 0.67 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Canadian National Railway converts 19.6% of revenue into free cash flow ($2.5B). This strong cash generation earns a score of 86/100.
Canadian National Railway earns a strong 21.9% return on equity (ROE), meaning it generates $22 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 80/100. This is up from 21.1% the prior year.
Canadian National Railway scores 2.77, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from a market capitalization of $75.5B against total liabilities of $27.0B. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Canadian National Railway passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.
For every $1 of reported earnings, Canadian National Railway generates $1.49 in operating cash flow ($5.1B OCF vs $3.4B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Canadian National Railway earns $7.21 in operating income for every $1 of interest expense ($4.8B vs $665.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Canadian National Railway generated $12.6B in revenue in fiscal year 2025. This represents an increase of 6.6% from the prior year.
Canadian National Railway's EBITDA was $6.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 10.0% from the prior year.
Canadian National Railway reported $3.4B in net income in fiscal year 2025. This represents an increase of 11.4% from the prior year.
Canadian National Railway earned $5.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 13.4% from the prior year.
Cash & Balance Sheet
Canadian National Railway generated $2.5B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 13.1% from the prior year.
Canadian National Railway held $255.3M in cash against $14.8B in long-term debt as of fiscal year 2025.
Canadian National Railway paid $2.59 per share in dividends in fiscal year 2025. This represents an increase of 10.3% from the prior year.
Margins & Returns
Canadian National Railway's operating margin was 38.1% in fiscal year 2025, reflecting core business profitability. This is up 1.4 percentage points from the prior year.
Canadian National Railway's net profit margin was 27.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.2 percentage points from the prior year.
Canadian National Railway's ROE was 21.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Canadian National Railway spent $1.5B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 16.8% from the prior year.
Canadian National Railway invested $2.7B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.2% from the prior year.
Not reported for fiscal year 2025.
CNI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY256-K | FY246-K | FY236-K | FY2240-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F | FY1540-F | FY1440-F | FY1340-F | FY1240-F | FY1140-F | FY1040-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.6B+6.6% | $11.8B-7.1% | $12.7B+0.8% | $12.6B | $10.8B-5.8% | $11.5B+9.6% | $10.5B+0.7% | $10.4B+16.2% | $9.0B-1.6% | $9.1B-12.9% | $10.5B+5.2% | $9.9B-0.2% | $10.0B+12.2% | $8.9B+7.1% | $8.3B |
| Operating Income | $4.8B+10.7% | $4.3B-13.2% | $5.0B-1.1% | $5.1B | $3.7B-13.2% | $4.3B+7.2% | $4.0B-3.9% | $4.2B+11.8% | $3.7B-1.5% | $3.8B-4.5% | $4.0B+9.5% | $3.6B-1.6% | $3.7B+14.2% | $3.2B+7.3% | $3.0B |
| EBITDA | $6.2B+10.0% | $5.7B-11.3% | $6.4B+0.6% | $6.3B | $5.0B-9.6% | $5.5B+10.4% | $5.0B-4.1% | $5.2B+11.8% | $4.7B+0.4% | $4.6B-5.1% | $4.9B+7.2% | $4.6B-1.4% | $4.6B+12.6% | $4.1B+6.7% | $3.9B |
| Interest Expense | $665.8M+7.6% | $618.8M+13.1% | $546.9M+35.0% | $405.0M | $434.4M+4.7% | $415.1M+15.8% | $358.4M-6.7% | $384.3M+7.5% | $357.5M+12.7% | $317.2M-0.8% | $319.8M-4.7% | $335.6M-2.3% | $343.4M+2.4% | $335.4M-6.8% | $359.7M |
| Income Tax | $1.1B+15.5% | $975.0M+49.2% | $653.7M-46.2% | $1.2B | $770.0M-17.7% | $935.8M-5.7% | $992.4Mn/m | -$315.6M-132.9% | $958.6M-0.7% | $965.4M-6.1% | $1.0B+12.0% | $918.5M-6.5% | $982.1M+11.1% | $884.1M+14.6% | $771.3M |
| Net Income | $3.4B+11.4% | $3.1B-27.5% | $4.3B+12.7% | $3.8B | $2.8B-14.1% | $3.3B+2.5% | $3.2B-27.6% | $4.4B+61.6% | $2.7B+6.0% | $2.6B-6.4% | $2.7B+11.2% | $2.5B-8.8% | $2.7B+11.4% | $2.4B+15.0% | $2.1B |
| EPS (Basic) | $5.53+13.4% | $4.88-24.7% | $6.48+17.5% | $5.51 | $3.93-13.0% | $4.51+4.5% | $4.32-25.8% | $5.82+66.5% | $3.49+9.4% | $3.19-4.0% | $3.33+14.2% | $2.91 | $3.09+15.6% | $2.68 | $4.51 |
| EPS (Diluted) | $5.52+13.4% | $4.87-24.7% | $6.46+17.5% | $5.50 | $3.92-12.8% | $4.50+4.5% | $4.30-25.6% | $5.78+66.3% | $3.48+9.6% | $3.17-4.4% | $3.32+14.2% | $2.90 | $3.07+15.7% | $2.66 | $4.48 |
| Diluted Shares (Avg) | 624M-1.7% | 635M-3.7% | 659M-4.2% | 688M | 713M-1.3% | 723M-2.0% | 738M-2.6% | 757M-2.8% | 779M-3.2% | 805M-2.2% | 824M-2.7% | 846M | 875M-3.7% | 909M | 470M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses.
No annual filing on record for: FY2021.
CNI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY256-K | FY246-K | FY236-K | FY2240-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F | FY1540-F | FY1440-F | FY1340-F | FY1240-F | FY1140-F | FY1040-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $42.7B+7.8% | $39.6B-0.7% | $39.9B | N/A | $35.1B+4.0% | $33.8B+11.8% | $30.2B+0.5% | $30.1B+8.9% | $27.6B+4.9% | $26.3B-3.7% | $27.3B-3.7% | $28.4B+5.9% | $26.8B+4.6% | $25.6B+1.6% | $25.2B |
| Current Assets | $1.8B-0.9% | $1.8B-22.3% | $2.3B | N/A | $2.4B+11.4% | $2.2B+9.2% | $2.0B+14.3% | $1.7B+11.5% | $1.6B+0.9% | $1.6B-9.4% | $1.7B-7.6% | $1.9B-1.0% | $1.9B+3.3% | $1.8B+14.4% | $1.6B |
| Cash & Equivalents | $255.3M-5.5% | $270.1M-24.9% | $359.8M+48.4% | $242.4M | $446.2M+803.6% | $49.4M-74.7% | $195.0M+248.6% | $55.9M-57.3% | $131.1M+18.6% | $110.6M+146.6% | $44.8M-77.7% | $201.2M+29.3% | $155.7M+56.7% | $99.3M-79.7% | $489.6M |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0 | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Accounts Receivable | $814.6M+0.8% | $808.3M-17.9% | $984.7M | N/A | $826.5M-11.7% | $935.8M+9.2% | $856.8M+9.0% | $786.1M+20.6% | $651.7M+2.7% | $634.4M-20.7% | $799.9M+4.4% | $766.2M-8.2% | $834.5M+3.5% | $806.5M+4.2% | $774.3M |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0 | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0-100.0% | $50.0M-6.7% | $53.6M+77.9% | $30.1M-1.2% | $30.5M+22.1% | $25.0M |
| Goodwill | $72.9M+47.9% | $49.3M-7.0% | $53.0M | N/A | $54.9M-7.6% | $59.4Mn/m | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $27.0B+7.8% | $25.0B+1.4% | $24.7B | N/A | $19.7B-0.7% | $19.9B+15.0% | $17.3B+3.1% | $16.8B+1.3% | $16.5B+6.7% | $15.5B-1.3% | $15.7B-2.9% | $16.2B+3.0% | $15.7B+4.1% | $15.1B+8.5% | $13.9B |
| Current Liabilities | $2.7B-2.4% | $2.8B-27.6% | $3.8B | N/A | $2.6B-22.4% | $3.3B+28.9% | $2.6B-19.4% | $3.2B+42.0% | $2.2B+3.4% | $2.2B+14.2% | $1.9B-19.2% | $2.3B+6.2% | $2.2B+31.2% | $1.7B-11.4% | $1.9B |
| Non-Current Liabilities | $24.3B+9.1% | $22.3B+6.8% | $20.8B | N/A | $17.2B+3.6% | $16.6B+12.5% | $14.7B+8.4% | $13.6B-5.1% | $14.3B+7.3% | $13.3B-3.4% | $13.8B-0.2% | $13.8B+2.5% | $13.5B+0.7% | $13.4B+11.7% | $12.0B |
| Long-Term Debt | $14.8B+8.1% | $13.7B+12.1% | $12.2B | N/A | $9.4B+2.8% | $9.2B+9.7% | $8.3B+19.4% | $7.0B-0.7% | $7.0B+8.4% | $6.5B-3.8% | $6.7B+5.3% | $6.4B+1.0% | $6.3B+0.2% | $6.3B+14.6% | $5.5B |
| Total Equity | $15.7B+7.6% | $14.6B-4.1% | $15.2B-3.6% | $15.8B | $15.4B+10.7% | $13.9B+7.6% | $12.9B-2.8% | $13.3B+20.4% | $11.1B+2.3% | $10.8B-7.0% | $11.6B-4.6% | $12.2B+10.1% | $11.1B+5.3% | $10.5B-6.8% | $11.3B |
| Retained Earnings | $13.8B+8.2% | $12.7B-9.8% | $14.1B | N/A | $15.0B+10.4% | $13.6B+11.7% | $12.2B-2.0% | $12.4B+26.0% | $9.9B+8.0% | $9.1B-9.8% | $10.1B-0.2% | $10.1B-0.7% | $10.2B+10.7% | $9.2B+5.6% | $8.7B |
Not reported in any period shown, so not listed: Inventory.
No annual filing on record for: FY2021.
CNI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY256-K | FY246-K | FY236-K | FY2240-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F | FY1540-F | FY1440-F | FY1340-F | FY1240-F | FY1140-F | FY1040-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.1B+10.5% | $4.7B-11.8% | $5.3B+7.1% | $4.9B | $4.8B+5.8% | $4.6B+5.4% | $4.3B-1.6% | $4.4B+13.7% | $3.9B+4.3% | $3.7B-1.6% | $3.8B+13.2% | $3.3B+8.5% | $3.1B+5.0% | $2.9B-2.3% | $3.0B |
| Depreciation & Amortization | $1.4B+7.6% | $1.3B-4.5% | $1.4B+7.7% | $1.3B | $1.2B+3.4% | $1.2B+23.7% | $974.1M-4.8% | $1.0B+12.2% | $912.4M+9.0% | $836.8M-7.5% | $905.1M-1.8% | $921.3M-0.7% | $927.9M+6.7% | $869.4M+4.3% | $833.3M |
| Stock-Based Compensation | $77.3M+50.4% | $51.4M+6.0% | $48.5M+4.1% | $46.6M | $50.2M+14.1% | $44.0M-33.3% | $66.0M-25.6% | $88.7M+5.4% | $84.2M+90.9% | $44.1M-68.2% | $138.8M+8.5% | $127.9M+21.3% | $105.4M-4.3% | $110.1M+6.0% | $103.9M |
| Capital Expenditures | $2.7B+8.2% | $2.5B+2.1% | $2.4B+18.8% | $2.0B | $2.2B-24.7% | $3.0B+15.2% | $2.6B+21.2% | $2.1B+6.4% | $2.0B+2.7% | $2.0B-1.2% | $2.0B+6.7% | $1.9B+6.7% | $1.7B+8.8% | $1.6B+0.9% | $1.6B |
| Free Cash Flow | $2.5B+13.1% | $2.2B-23.6% | $2.9B-1.1% | $2.9B | $2.6B+63.1% | $1.6B-9.2% | $1.7B-23.0% | $2.3B+21.6% | $1.9B+6.2% | $1.8B-2.1% | $1.8B+21.3% | $1.5B+10.9% | $1.3B+0.4% | $1.3B-5.9% | $1.4B |
| Investing Cash Flow | -$2.7Bn/m | -$2.5Bn/m | -$2.6Bn/m | -$1.9B | -$2.3Bn/m | -$3.2Bn/m | -$2.5Bn/m | -$2.2Bn/m | -$2.0Bn/m | -$2.0Bn/m | -$1.9Bn/m | -$1.7Bn/m | -$1.4Bn/m | -$1.7Bn/m | -$1.4B |
| Financing Cash Flow | -$2.5Bn/m | -$2.5Bn/m | -$2.6Bn/m | -$3.4B | -$2.1Bn/m | -$1.5Bn/m | -$1.7Bn/m | -$2.3Bn/m | -$1.9Bn/m | -$1.6Bn/m | -$2.0Bn/m | -$1.6Bn/m | -$1.6Bn/m | -$1.6Bn/m | -$1.5B |
| Dividends Paid | $1.6B+8.5% | $1.5B-5.4% | $1.6B+5.9% | $1.5B | $1.3B+7.6% | $1.2B+21.9% | $977.0M-1.3% | $989.9M+14.7% | $863.3M+19.9% | $719.7M+2.1% | $705.1M+3.6% | $680.6M+4.0% | $654.7M+13.8% | $575.3M+14.5% | $502.5M |
| Share Buybacks | $1.5B-16.8% | $1.8B-47.6% | $3.4B-0.9% | $3.5B | $297.2M-77.3% | $1.3B-10.5% | $1.5B-9.0% | $1.6B+8.6% | $1.5B+17.9% | $1.3B-3.0% | $1.3B-1.4% | $1.3B-6.4% | $1.4B+0.7% | $1.4B+53.1% | $912.2M |
No annual filing on record for: FY2021.
CNI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY256-K | FY246-K | FY236-K | FY2240-F | FY2040-F | FY1940-F | FY1840-F | FY1740-F | FY1640-F | FY1540-F | FY1440-F | FY1340-F | FY1240-F | FY1140-F | FY1040-F |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 38.1%+1.4pp | 36.6%-2.6pp | 39.2%-0.8pp | 40.0% | 34.6%-2.9pp | 37.5%-0.9pp | 38.4%-1.8pp | 40.2%-1.6pp | 41.8%0.0pp | 41.8%+3.7pp | 38.1%+1.5pp | 36.6%-0.5pp | 37.1%+0.6pp | 36.5%+0.1pp | 36.4% |
| Net Margin | 27.3%+1.2pp | 26.1%-7.3pp | 33.4%+3.5pp | 29.9% | 25.8%-2.5pp | 28.3%-2.0pp | 30.2%-11.8pp | 42.0%+11.8pp | 30.2%+2.2pp | 28.1%+2.0pp | 26.1%+1.4pp | 24.7%-2.3pp | 27.0%-0.2pp | 27.2%+1.9pp | 25.4% |
| Return on Equity | 21.9%+0.8pp | 21.1%-6.8pp | 28.0%+4.0pp | 23.9% | 18.1%-5.2pp | 23.4%-1.2pp | 24.5%-8.4pp | 32.9%+8.4pp | 24.5%+0.9pp | 23.7%+0.2pp | 23.5%+3.3pp | 20.2%-4.2pp | 24.3%+1.3pp | 23.0%+4.4pp | 18.6% |
| Return on Assets | 8.1%+0.3pp | 7.8%-2.9pp | 10.7% | N/A | 8.0%-1.7pp | 9.6%-0.9pp | 10.5%-4.1pp | 14.6%+4.8pp | 9.8%+0.1pp | 9.7%-0.3pp | 10.0%+1.3pp | 8.7%-1.4pp | 10.1%+0.6pp | 9.4%+1.1pp | 8.3% |
| Current Ratio | 0.670.0x | 0.660.0x | 0.61 | N/A | 0.95+0.3x | 0.66-0.1x | 0.78+0.2x | 0.55-0.2x | 0.700.0x | 0.72-0.2x | 0.91+0.1x | 0.79-0.1x | 0.85-0.2x | 1.08+0.2x | 0.83 |
| Debt-to-Equity | 0.940.0x | 0.94+0.1x | 0.80 | N/A | 0.610.0x | 0.660.0x | 0.65+0.1x | 0.53-0.1x | 0.640.0x | 0.600.0x | 0.58+0.1x | 0.530.0x | 0.570.0x | 0.60+0.1x | 0.49 |
| Liabilities-to-Equity | 1.710.0x | 1.71+0.1x | 1.62 | N/A | 1.28-0.1x | 1.43+0.1x | 1.34+0.1x | 1.26-0.2x | 1.50+0.1x | 1.43+0.1x | 1.350.0x | 1.33-0.1x | 1.420.0x | 1.44+0.2x | 1.23 |
| Asset Turnover | 0.300.0x | 0.300.0x | 0.32 | N/A | 0.310.0x | 0.340.0x | 0.350.0x | 0.350.0x | 0.320.0x | 0.350.0x | 0.380.0x | 0.350.0x | 0.370.0x | 0.350.0x | 0.33 |
| FCF Margin | 19.6%+1.1pp | 18.5%-4.0pp | 22.4%-0.5pp | 22.9% | 23.9%+10.1pp | 13.8%-2.9pp | 16.7%-5.1pp | 21.8%+1.0pp | 20.8%+1.5pp | 19.3%+2.1pp | 17.2%+2.3pp | 14.9%+1.5pp | 13.4%-1.6pp | 15.0%-2.1pp | 17.0% |
Not reported in any period shown, so not listed: Gross Margin.
No annual filing on record for: FY2021.
Note: The current ratio is below 1.0 (0.67), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Canadian National Railway CNI | FY2025 | $12.6B | $3.4B | 27.3% | $75.5B | 55/100 |
| Norfolk Southern Corp. NSC | FY2025 | $12.2B | $2.9B | 23.6% | $76.0B | 51/100 |
| Canadian Pacific Kansas City Limited CP | FY2025 | $11.0B | $3.0B | 27.5% | $79.7B | 54/100 |
| CSX Corporation CSX | FY2025 | $14.1B | $2.9B | 20.5% | $95.7B | 52/100 |
| Union Pacific Corp. UNP | FY2025 | $24.5B | $7.1B | 29.1% | $177.1B | 58/100 |
| Wabtec Inc. WAB | FY2025 | $11.2B | $1.2B | 10.5% | $46.7B | 57/100 |
Where Canadian National Railway Ranks
Frequently Asked Questions
What is Canadian National Railway's annual revenue?
Canadian National Railway (CNI) reported $12.6B in total revenue for fiscal year 2025. This represents a 6.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Canadian National Railway's revenue growing?
Canadian National Railway (CNI) revenue grew by 6.6% year-over-year, from $11.8B to $12.6B in fiscal year 2025.
Is Canadian National Railway profitable?
Yes, Canadian National Railway (CNI) reported a net income of $3.4B in fiscal year 2025, with a net profit margin of 27.3%.
What is Canadian National Railway's EBITDA?
Canadian National Railway (CNI) had EBITDA of $6.2B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Canadian National Railway have?
As of fiscal year 2025, Canadian National Railway (CNI) had $255.3M in cash and equivalents against $14.8B in long-term debt.
What is Canadian National Railway's operating margin?
Canadian National Railway (CNI) had an operating margin of 38.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Canadian National Railway's net profit margin?
Canadian National Railway (CNI) had a net profit margin of 27.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Canadian National Railway pay dividends?
Yes, Canadian National Railway (CNI) paid $2.59 per share in dividends during fiscal year 2025.
What is Canadian National Railway's return on equity (ROE)?
Canadian National Railway (CNI) has a return on equity of 21.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Canadian National Railway's free cash flow?
Canadian National Railway (CNI) generated $2.5B in free cash flow during fiscal year 2025. This represents a 13.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Canadian National Railway's operating cash flow?
Canadian National Railway (CNI) generated $5.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Canadian National Railway's total assets?
Canadian National Railway (CNI) had $42.7B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Canadian National Railway's capital expenditures?
Canadian National Railway (CNI) invested $2.7B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Canadian National Railway's current ratio?
Canadian National Railway (CNI) had a current ratio of 0.67 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Canadian National Railway's debt-to-equity ratio?
Canadian National Railway (CNI) had a debt-to-equity ratio of 0.94 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is Canadian National Railway's liabilities-to-equity ratio?
Canadian National Railway (CNI) had a liabilities-to-equity ratio of 1.71 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is Canadian National Railway's return on assets (ROA)?
Canadian National Railway (CNI) had a return on assets of 8.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Canadian National Railway's P/E ratio?
Canadian National Railway (CNI) trades at 21.9x earnings, its market capitalization divided by $3.4B net income, FY2025. The market capitalization is $75.5B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Canadian National Railway's price-to-sales ratio?
Canadian National Railway (CNI) trades at 6.0x sales, its market capitalization divided by $12.6B revenue, FY2025. The market capitalization is $75.5B as of Oct 22, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Canadian National Railway's Altman Z-Score?
Canadian National Railway (CNI) has an Altman Z-Score of 2.77, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Canadian National Railway's Piotroski F-Score?
Canadian National Railway (CNI) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Canadian National Railway's earnings high quality?
Canadian National Railway (CNI) has an earnings quality ratio of 1.49x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Canadian National Railway cover its interest payments?
Canadian National Railway (CNI) has an interest coverage ratio of 7.21x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Canadian National Railway?
Canadian National Railway (CNI) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.