NYSE · CNI
Canadian National Railway financials
$120.55−0.49%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.28B | $12.33B | $12.54B | $13.07B | $11.34B | $10.67B | $11.27B | $11.09B |
| Gross profit | $12.28B | $12.33B | $12.54B | $13.07B | $11.34B | $10.67B | $11.27B | $11.09B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $4.68B | $4.58B | $4.92B | $5.23B | $4.40B | $3.69B | $4.23B | $4.25B |
| Net income | $3.35B | $3.22B | $4.19B | $3.91B | $3.84B | $2.74B | $3.19B | $3.35B |
| Net margin | 27.3% | 26.1% | 33.4% | 29.9% | 33.8% | 25.7% | 28.3% | 30.2% |
| Diluted EPS | $5.37 | $5.07 | $6.36 | $5.69 | $5.41 | $3.84 | $4.41 | $4.55 |
| EBITDA | $6.05B | $5.94B | $6.27B | $6.55B | $5.65B | $4.92B | $5.41B | $5.28B |
| Operating cash flow | $5.00B | $4.85B | $5.19B | $5.09B | $5.46B | $4.76B | $4.48B | $4.58B |
| Free cash flow | $2.41B | $2.28B | $2.82B | $2.99B | $3.20B | $2.55B | $1.56B | $1.85B |
| Diluted shares | 623.7M | 634.5M | 659.1M | 688.3M | 710.3M | 713.0M | 722.6M | 737.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $253.7M | $273.0M | $354.1M | $241.4M | $654.7M | $444.2M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $15.37B | $14.67B | $13.77B | $11.36B | $9.75B | $10.08B |
| Total assets | $42.45B | $40.06B | $39.26B | $37.29B | $37.92B | $34.98B |
| Total liabilities | $26.81B | $25.28B | $24.26B | $21.55B | $20.15B | $19.64B |
| Shareholders' equity | $15.63B | $14.78B | $14.99B | $15.74B | $17.77B | $15.34B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology