Canadian National Railway Company (FRA:CY2)

FRA:CY2 Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	17,304	17,046	16,828	17,107	14,477
Revenue Growth (YoY)	1.51%	1.29%	-1.63%	18.17%	4.76%
Cost of Revenue	8,034	8,187	7,860	7,982	6,810
Gross Profit	9,270	8,859	8,968	9,125	7,667
Depreciation & Amortization Expenses	1,938	1,892	1,817	1,729	1,598
Other Operating Expenses	745	720	554	556	453
Operating Income	6,587	6,247	6,597	6,840	5,616
Interest Expense	-913	-891	-722	-548	-610
Other Non-Operating Income (Expense)	590	496	613	471	1,336
Total Non-Operating Income (Expense)	-323	-395	-109	-77	726
Pretax Income	6,264	5,852	6,488	6,763	6,342
Provision for Income Taxes	1,544	1,404	863	1,645	1,443
Net Income	4,720	4,448	5,625	5,118	4,899
Net Income to Common	4,720	4,448	5,625	5,118	4,899
Net Income Growth	6.12%	-20.92%	9.91%	4.47%	38.20%
Shares Outstanding (Basic)	623	634	658	686	709
Shares Outstanding (Diluted)	624	635	659	688	710
Shares Change (YoY)	-1.70%	-3.73%	-4.24%	-3.10%	-0.38%
EPS (Basic)	7.58	7.02	8.55	7.46	6.91
EPS (Diluted)	7.57	7.01	8.53	7.44	6.90
EPS Growth	7.99%	-17.82%	14.65%	7.83%	38.83%
Free Cash Flow	3,391	3,150	3,778	3,917	4,080
Free Cash Flow Growth	7.65%	-16.62%	-3.55%	-4.00%	23.56%
Free Cash Flow Per Share	5.44	4.96	5.73	5.69	5.74
Dividends Per Share	3.550	3.380	3.160	2.930	2.460
Dividend Growth	5.03%	6.96%	7.85%	19.11%	6.96%
Gross Margin	53.57%	51.97%	53.29%	53.34%	52.96%
Operating Margin	38.07%	36.65%	39.20%	39.98%	38.79%
Profit Margin	27.28%	26.09%	33.43%	29.92%	33.84%
FCF Margin	19.60%	18.48%	22.45%	22.90%	28.18%
EBITDA	8,525	8,139	8,414	8,569	7,311
EBITDA Margin	49.27%	47.75%	50.00%	50.09%	50.50%
EBIT	6,587	6,247	6,597	6,840	5,616
EBIT Margin	38.07%	36.65%	39.20%	39.98%	38.79%
Effective Tax Rate	24.65%	23.99%	13.30%	24.32%	22.75%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.