Canadian National Railway Company (TSX:CNR)

TSX:CNR Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	17,761	17,304	17,046	16,828	17,107	14,477
Revenue Growth	3.60%	1.51%	1.29%	-1.63%	18.17%	4.76%
Gross Profit Gross Profit Growth	9,389	9,270	8,859	8,968	9,125	7,667
Operating Income Operating Income Growth	6,669	6,587	6,247	6,597	6,840	5,616
Net Income Net Income Growth	4,782	4,720	4,448	5,625	5,118	4,899
Earnings Per Share EPS Growth	7.79	7.57	7.01	8.53	7.44	6.90
EPS Growth	7.30%	7.99%	-17.82%	14.65%	7.83%	38.83%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Petroleum and Chemicals Petroleum and Chemicals Growth	3,624	3,478	3,414	3,195	3,229	2,816
Metals and Minerals Metals and Minerals Growth	1,939	1,962	2,048	2,048	1,911	1,548
Forest Products Forest Products Growth	1,813	1,839	1,931	1,943	2,006	1,740
Coal Coal Growth	934	960	929	1,017	937	618
Grain and Fertilizers Grain and Fertilizers Growth	3,902	3,658	3,422	3,265	2,783	2,475
Intermodal Intermodal Growth	3,993	3,892	3,757	3,823	4,906	4,115
Automotive Automotive Growth	924	892	894	945	797	576
Other Segment Other Segment Growth	632	623	651	592	538	589
Revenue (Total) Revenue (Total) Growth	17,761	17,304	17,046	16,828	17,107	14,477

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	280	350	389	475	328	838
Total Debt Total Debt Growth	22,616	21,522	21,237	18,771	15,770	12,807
Net Cash (Debt) Net Cash Growth	-22,336	-21,172	-20,848	-18,296	-15,442	-11,969
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-36.35	-33.95	-32.86	-27.76	-22.43	-16.85

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	7,016	7,049	6,699	6,965	6,667	6,971
Capital Expenditures CapEx Growth	-3,468	-3,658	-3,549	-3,187	-2,750	-2,891
Free Cash Flow Free Cash Flow Growth	3,548	3,391	3,150	3,778	3,917	4,080
Free Cash Flow Growth	9.71%	7.65%	-16.62%	-3.55%	-4.00%	23.56%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	52.86%	53.57%	51.97%	53.29%	53.34%	52.96%
Operating Margin	37.55%	38.07%	36.65%	39.20%	39.98%	38.79%
Pretax Margin	35.90%	36.20%	34.33%	38.55%	39.53%	43.81%
Profit Margin	26.92%	27.28%	26.09%	33.43%	29.92%	33.84%
FCF Margin	19.98%	19.60%	18.48%	22.45%	22.90%	28.18%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	3.660	3.550	3.380	3.160	2.930	2.460
Dividend Per Share Growth	3.56%	5.03%	6.96%	7.85%	19.11%	6.96%
Dividend Yield	2.00%	2.61%	2.31%	1.89%	1.82%	1.58%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	23.43	17.93	20.82	19.53	21.62	22.52
Forward PE	21.27	17.08	18.13	21.51	20.20	23.68
P/FCF Ratio	31.09	24.55	29.10	28.33	27.55	26.69
PS Ratio	6.21	4.81	5.38	6.36	6.31	7.52

Data Source: Fiscal.ai Last updated: Jul 24, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 30, 2026

Data Sources Report a data error