
Canadian National Railway Company
NYSE•CNI
CEO: Ms. Tracy A. Robinson
Sector: Industrials
Industry: Railroads
Listing Date: 1996-11-26
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks. It offers trucking services, such as door-to-door services, import and export dray, interline services, and specialized services, comprising flatbed trucks, on-deck mobile transport trays, expedited cargo, and permit/overweight services; and supply chain services. It serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, consumer goods, and third party logistics applications. The company operates a rail network of approximately 20,000 route-miles of track and shipping spanning. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.
Contact Information
Market Cap
$62.55B
P/E (TTM)
18.4
21.1
Dividend Yield
2.6%
52W High
$108.75
52W Low
$90.74
52W Range
Rank13Top 2.2%
6.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$2.17B-27.24%
4-Quarter Trend
EPS
$0.96-22.81%
4-Quarter Trend
FCF
$0.00+0.00%
4-Quarter Trend
2024 Annual Earnings Highlights
Key Highlights
Record Capital Investment 2024 Total capital program reached $3.5B, including $1.7B for network safety/integrity and $1.0B for strategic capacity initiatives.
Increased Quarterly Dividend Rate Quarterly dividend per common share increased to $0.8450 in 2024, reflecting commitment to consistent shareholder returns.
Debt Issuance Capital Markets Issued $700M 4.60% Notes due 2029 and US$750M 4.375% Notes due 2034 for general corporate purposes.
Risk Factors
Ongoing Labor Negotiation Uncertainty Multiple collective agreements pending renewal in Canada and U.S.; no assurance tentative agreements reached without disruption.
U.S. Regulatory Switching Rule STB finalized reciprocal switching rule for inadequate service; CN filed petition for review, potentially increasing competition/costs.
Climate Goal Achievement Risk Failure to meet science-based net-zero 2050 goal due to external factors could materially and adversely affect CN's reputation.
Outlook
New Share Repurchase Program Board approved new NCIB (Jan 30, 2025) to repurchase up to 20.0M common shares through February 3, 2026, returning value to shareholders.
Focus on Service Excellence Growth Strategy aims for sustainable financial performance, profitable top-line growth, strong free cash flow generation, and high return on capital.
IANR Acquisition Control 2025 Following STB approval, CN expects to assume control of Iowa Northern Railway Company during the first quarter of 2025.
Peer Comparison
Revenue (TTM)
FDX$90.09B
CMI$33.58B
PCAR$29.52B
Gross Margin (Latest Quarter)
69.5%
CP68.6%
CNI44.9%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CMI | $78.93B | 29.5 | 23.7% | 24.7% |
| FDX | $71.78B | 17.0 | 15.7% | 42.3% |
| CSX | $68.23B | 23.6 | 22.9% | 41.6% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-11.3%
Growth Under Pressure
4Q Net Income CAGR
-10.2%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Jan 29, 2026
EPS:$1.42
|Revenue:$4.43B
Reports
All Years
Form 40-F - FY 2024
Period End: Dec 31, 2024|Filed: Feb 4, 2025|Revenue: $12.44B+1.3%|EPS: $5.12-17.7%BeatForm 40-F - FY 2023
Period End: Dec 31, 2023|Filed: Jan 31, 2024|Revenue: $12.47B-1.6%|EPS: $6.32-14.9%BeatForm 40-F - FY 2022
Period End: Dec 31, 2022|Filed: Jan 31, 2023|Revenue: $13.15B+18.2%|EPS: $7.70+13.7%BeatForm 40-F - FY 2021
Period End: Dec 31, 2021|Filed: Feb 1, 2022|Revenue: $11.56B+4.8%|EPS: $7.04+75.8%BeatForm 40-F - FY 2020
Period End: Dec 31, 2020|Filed: Feb 1, 2021|Revenue: $10.29B-7.4%|EPS: $3.73-14.4%Miss