Is CNI or CP cheaper?

On trailing earnings, CNI is cheaper: CNI trades at a 21.88 P/E and CP at 24.94.

Which has grown faster, CNI or CP?

Over the past five years, CP grew revenue faster — CNI at a 3.41% CAGR versus CP at 15.26%.

Does CNI or CP pay a bigger dividend?

CNI yields 2.17% and CP yields 0.86% based on trailing dividends and the latest price.

Is CNI or CP more profitable?

CNI runs the higher net margin — CNI at 27.22% versus CP at 26.86%.

Which has been the better investment, CNI or CP?

Over the past 10-year, CP delivered the higher annualized total return — CNI at 9.87% versus CP at 14.49%. Past performance doesn't predict future results.

Canadian National Railway Company (CNI) vs Canadian Pacific Kansas City Ltd. (CP)

CNI leads on 11 of 16 compared metrics.

A side-by-side comparison of Canadian National Railway Company and Canadian Pacific Kansas City Ltd. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 28, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

CNI

Canadian National Railway Company

$73.13B

$120.56Industrials

Canadian Pacific Kansas City Ltd.

$77.88B

$87.73Industrials

Total return — CNI vs CP

growth of $100 · last 30y

CNI +3655.8%CP +3137.3%CNI compounded faster

CNI CP

CNI vs CP: by the numbers

•CP is the larger company ($77.88B vs $73.13B market cap).
•CNI trades at the lower earnings multiple (21.88 vs 24.94 P/E).
•CNI converts more revenue to profit (27.22% vs 26.86% net margin).
•CP grew revenue faster over the past five years (15.26% vs 3.41% CAGR).
•CNI pays the higher dividend yield (2.17% vs 0.86%).

Which is better, CNI or CP?

Metric tally: CNI 11 · CP 5

It depends on what you're optimizing for:

ValueCNI(lower P/E)

GrowthCP(faster 5Y revenue CAGR)

IncomeCNI(higher dividend yield)

QualityCNI(higher ROIC)

Metrics side by side

Valuation

Metric	CNI	CP
P/E ratio	21.88●	24.94
Forward P/E	13.78●	14.87
P/S ratio	5.88●	6.61
P/B ratio	4.77	2.35●
PEG ratio	2.29	1.65●
EV / EBITDA	14.61●	16.00
FCF yield	3.51%●	1.89%

Profitability

Metric	CNI	CP
Gross margin	44.21%	46.67%●
Operating margin	37.76%●	36.78%
Net margin	27.22%	26.86%
ROE	22.07%●	9.56%
ROIC	8.90%●	5.09%

Dividends

Metric	CNI	CP
Dividend yield	2.17%●	0.86%
Payout ratio	47.56%	22.93%

Growth (annualized)

Metric	CNI	CP
Revenue CAGR (5Y)	3.41%	15.26%●
EPS CAGR (5Y)	6.99%●	3.04%
FCF CAGR (5Y)	0.73%	8.84%●
Total return CAGR (5Y)	4.67%●	3.40%

Frequently asked

Which is better, CNI or CP?: It depends on your goal. value: CNI (lower P/E); growth: CP (faster 5Y revenue CAGR); income: CNI (higher dividend yield); quality: CNI (higher ROIC). Across all compared metrics, CNI leads 11 to 5.
Is CNI or CP cheaper?: On trailing earnings, CNI is cheaper: CNI trades at a 21.88 P/E and CP at 24.94.
Which has grown faster, CNI or CP?: Over the past five years, CP grew revenue faster — CNI at a 3.41% CAGR versus CP at 15.26%.
Does CNI or CP pay a bigger dividend?: CNI yields 2.17% and CP yields 0.86% based on trailing dividends and the latest price.
Is CNI or CP more profitable?: CNI runs the higher net margin — CNI at 27.22% versus CP at 26.86%.
Which has been the better investment, CNI or CP?: Over the past 10-year, CP delivered the higher annualized total return — CNI at 9.87% versus CP at 14.49%. Past performance doesn't predict future results.

Go deeper

Full CNI analysis Full CP analysis Interactive comparison tool

Dig into the metrics

Canadian National Railway P/E ratio Canadian Pacific Kansas City P/E ratio Canadian National Railway dividend yield Canadian Pacific Kansas City dividend yield Canadian National Railway ROE Canadian Pacific Kansas City ROE Canadian National Railway operating margin Canadian Pacific Kansas City operating margin Canadian National Railway revenue growth Canadian Pacific Kansas City revenue growth Canadian National Railway free cash flow Canadian Pacific Kansas City free cash flow

Canadian National Railway & Canadian Pacific Kansas City appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Fastest Revenue Growth Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 28, 2026.