Canadian National Railway Company (CNI)
NYSE: CNI · Real-Time Price · USD
129.52
+0.64 (0.50%)
Jul 28, 2026, 4:00 PM EDT - Market closed
Canadian National Railway Income Statement
Financials in millions CAD. Fiscal year is January - December.
Millions CAD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 |
| 4,753 | 4,379 | 4,464 | 4,165 | 4,272 | 4,403 | 4,358 | 4,110 | 4,329 | 4,249 | 4,471 | 3,987 | 4,057 | 4,313 | 4,542 | 4,513 | 4,344 | 3,708 | 3,753 | 3,591 | |
Revenue Growth (YoY) | 11.26% | -0.55% | 2.43% | 1.34% | -1.32% | 3.62% | -2.53% | 3.08% | 6.70% | -1.48% | -1.56% | -11.65% | -6.61% | 16.32% | 21.02% | 25.67% | 20.73% | 4.89% | 2.65% | 5.34% |
Cost of Revenue | 2,295 | 2,132 | 2,047 | 1,898 | 1,956 | 2,133 | 2,060 | 1,973 | 2,076 | 2,078 | 2,040 | 1,882 | 1,886 | 2,052 | 2,063 | 2,011 | 1,997 | 1,911 | 1,679 | 1,662 |
Gross Profit | 2,458 | 2,247 | 2,417 | 2,267 | 2,316 | 2,270 | 2,298 | 2,137 | 2,253 | 2,171 | 2,431 | 2,105 | 2,171 | 2,261 | 2,479 | 2,502 | 2,347 | 1,797 | 2,074 | 1,929 |
Depreciation & Amortization Expenses | 486 | 484 | 456 | 500 | 489 | 493 | 489 | 475 | 466 | 462 | 463 | 457 | 449 | 448 | 451 | 435 | 423 | 420 | 383 | 405 |
Other Operating Expenses | 191 | 214 | 228 | 161 | 189 | 167 | 181 | 147 | 229 | 163 | 150 | 131 | 122 | 151 | 116 | 135 | 155 | 150 | 125 | 183 |
Total Operating Expenses | 677 | 698 | 684 | 661 | 678 | 660 | 670 | 622 | 695 | 625 | 613 | 588 | 571 | 599 | 567 | 570 | 578 | 570 | 508 | 588 |
Operating Income | 1,781 | 1,549 | 1,733 | 1,606 | 1,638 | 1,610 | 1,628 | 1,515 | 1,558 | 1,546 | 1,818 | 1,517 | 1,600 | 1,662 | 1,912 | 1,932 | 1,769 | 1,227 | 1,566 | 1,341 |
Interest Expense | -241 | -234 | -234 | -227 | -219 | -233 | -231 | -230 | -220 | -210 | -199 | -185 | -173 | -165 | -153 | -141 | -128 | -126 | -125 | -197 |
Other Non-Operating Income (Expense) | 140 | 206 | 170 | 128 | 142 | 150 | 111 | 124 | 146 | 115 | 253 | 119 | 121 | 120 | 124 | 124 | 114 | 111 | 133 | 957 |
Total Non-Operating Income (Expense) | -101 | -28 | -64 | -99 | -77 | -83 | -120 | -106 | -74 | -95 | 54 | -66 | -52 | -45 | -29 | -17 | -14 | -15 | 8 | 760 |
Pretax Income | 1,680 | 1,521 | 1,669 | 1,507 | 1,561 | 1,527 | 1,508 | 1,409 | 1,484 | 1,451 | 1,872 | 1,451 | 1,548 | 1,617 | 1,881 | 1,915 | 1,755 | 1,212 | 1,574 | 2,101 |
Provision for Income Taxes | 431 | 375 | 421 | 368 | 389 | 366 | 362 | 324 | 370 | 348 | -258 | 343 | 381 | 397 | 461 | 460 | 430 | 294 | 373 | 415 |
Net Income | 1,249 | 1,146 | 1,248 | 1,139 | 1,172 | 1,161 | 1,146 | 1,085 | 1,114 | 1,103 | 2,130 | 1,108 | 1,167 | 1,220 | 1,420 | 1,455 | 1,325 | 918 | 1,201 | 1,686 |
Net Income to Common | 1,249 | 1,146 | 1,248 | 1,139 | 1,172 | 1,161 | 1,146 | 1,085 | 1,114 | 1,103 | 2,130 | 1,108 | 1,167 | 1,220 | 1,420 | 1,455 | 1,325 | 918 | 1,201 | 1,686 |
Net Income Growth (YoY) | 6.57% | -1.29% | 8.90% | 4.98% | 5.21% | 5.26% | -46.20% | -2.08% | -4.54% | -9.59% | 50.00% | -23.85% | -11.92% | 32.90% | 18.23% | -13.70% | 27.90% | -5.94% | 19.62% | 71.17% |
Shares Outstanding (Basic) | 607 | 611 | 615 | 622 | 627 | 628 | 629 | 630 | 635 | 641 | 646 | 654 | 662 | 668 | 675 | 682 | 690 | 698 | 705 | 709 |
Shares Outstanding (Diluted) | 608 | 612 | 616 | 622 | 628 | 628 | 630 | 631 | 636 | 642 | 648 | 656 | 663 | 670 | 677 | 684 | 692 | 700 | 707 | 710 |
Shares Change (YoY) | -3.26% | -2.61% | -2.15% | -1.29% | -1.29% | -2.12% | -2.79% | -3.83% | -4.06% | -4.18% | -4.33% | -4.19% | -4.13% | -4.33% | -4.31% | -3.67% | -2.66% | -1.77% | -0.81% | -0.34% |
EPS (Basic) | 2.06 | 1.87 | 2.03 | 1.83 | 1.87 | 1.85 | 1.82 | 1.72 | 1.75 | 1.72 | 3.30 | 1.69 | 1.76 | 1.83 | 2.10 | 2.13 | 1.92 | 1.31 | 1.70 | 2.38 |
EPS (Diluted) | 2.06 | 1.87 | 2.03 | 1.83 | 1.87 | 1.85 | 1.82 | 1.72 | 1.75 | 1.72 | 3.29 | 1.69 | 1.76 | 1.82 | 2.10 | 2.13 | 1.92 | 1.31 | 1.70 | 2.37 |
EPS Growth (YoY) | 10.16% | 1.08% | 11.54% | 6.40% | 6.86% | 7.56% | -44.68% | 1.77% | -0.57% | -5.50% | 56.67% | -20.66% | -8.33% | 38.93% | 23.53% | -10.13% | 31.51% | -4.38% | 18.88% | 71.74% |
Free Cash Flow | 916 | 826 | 998 | 808 | 940 | 645 | 1,051 | 598 | 960 | 541 | 1,479 | 595 | 1,110 | 594 | 1,352 | 1,368 | 1,006 | 191 | 1,172 | 1,622 |
Free Cash Flow Growth (YoY) | -2.55% | 28.06% | -5.04% | 35.12% | -2.08% | 19.22% | -28.94% | 0.50% | -13.51% | -8.92% | 9.39% | -56.51% | 10.34% | 211.00% | 15.36% | -15.66% | 34.85% | -64.63% | 1.65% | 206.62% |
Free Cash Flow Per Share | 1.51 | 1.35 | 1.62 | 1.30 | 1.50 | 1.03 | 1.67 | 0.95 | 1.51 | 0.84 | 2.28 | 0.91 | 1.67 | 0.89 | 2.00 | 2.00 | 1.45 | 0.27 | 1.66 | 2.28 |
Dividends Per Share | 0.915 | 0.915 | 0.887 | 0.887 | 0.887 | 0.887 | 0.845 | 0.845 | 0.845 | 0.845 | 0.790 | 0.790 | 0.790 | 0.790 | 0.733 | 0.733 | 0.733 | 0.733 | 0.615 | 0.615 |
Dividend Growth (YoY) | 3.10% | 3.10% | 5.03% | 5.03% | 5.03% | 5.03% | 6.96% | 6.96% | 6.96% | 6.96% | 7.85% | 7.85% | 7.85% | 7.85% | 19.11% | 19.11% | 19.11% | 19.11% | 6.96% | 6.96% |
Gross Margin | 51.71% | 51.31% | 54.14% | 54.43% | 54.21% | 51.56% | 52.73% | 52.00% | 52.04% | 51.09% | 54.37% | 52.80% | 53.51% | 52.42% | 54.58% | 55.44% | 54.03% | 48.46% | 55.26% | 53.72% |
Operating Margin | 37.47% | 35.37% | 38.82% | 38.56% | 38.34% | 36.57% | 37.36% | 36.86% | 35.99% | 36.38% | 40.66% | 38.05% | 39.44% | 38.53% | 42.10% | 42.81% | 40.72% | 33.09% | 41.73% | 37.34% |
Profit Margin | 26.28% | 26.17% | 27.96% | 27.35% | 27.43% | 26.37% | 26.30% | 26.40% | 25.73% | 25.96% | 47.64% | 27.79% | 28.77% | 28.29% | 31.26% | 32.24% | 30.50% | 24.76% | 32.00% | 46.95% |
FCF Margin | 19.27% | 18.86% | 22.36% | 19.40% | 22.00% | 14.65% | 24.12% | 14.55% | 22.18% | 12.73% | 33.08% | 14.92% | 27.36% | 13.77% | 29.77% | 30.31% | 23.16% | 5.15% | 31.23% | 45.17% |
EBITDA | 2,267 | 2,033 | 2,189 | 2,106 | 2,127 | 2,103 | 2,117 | 1,990 | 2,024 | 2,008 | 2,281 | 1,974 | 2,049 | 2,110 | 2,363 | 2,367 | 2,192 | 1,647 | 1,949 | 1,811 |
EBITDA Margin | 47.70% | 46.43% | 49.04% | 50.56% | 49.79% | 47.76% | 48.58% | 48.42% | 46.75% | 47.26% | 51.02% | 49.51% | 50.51% | 48.92% | 52.03% | 52.45% | 50.46% | 44.42% | 51.93% | 50.43% |
EBIT | 1,781 | 1,549 | 1,733 | 1,606 | 1,638 | 1,610 | 1,628 | 1,515 | 1,558 | 1,546 | 1,818 | 1,517 | 1,600 | 1,662 | 1,912 | 1,932 | 1,769 | 1,227 | 1,566 | 1,341 |
EBIT Margin | 37.47% | 35.37% | 38.82% | 38.56% | 38.34% | 36.57% | 37.36% | 36.86% | 35.99% | 36.38% | 40.66% | 38.05% | 39.44% | 38.53% | 42.10% | 42.81% | 40.72% | 33.09% | 41.73% | 37.34% |
Effective Tax Rate | 25.65% | 24.65% | 25.22% | 24.42% | 24.92% | 23.97% | 24.01% | 22.99% | 24.93% | 23.98% | -13.78% | 23.64% | 24.61% | 24.55% | 24.51% | 24.02% | 24.50% | 24.26% | 23.70% | 19.75% |