What is the EBITDA margin for Canadian National Railway Company (CNI)?

The EBITDA margin for CNI stock is 49.27%.

What is the TTM average EBITDA margin for Canadian National Railway Company (CNI)?

The TTM average EBITDA margin for CNI stock is 48.69%.

What is the 3Y average EBITDA margin for Canadian National Railway Company (CNI)?

The 3Y average EBITDA margin for CNI stock is 48.71%.

What is the 5Y average EBITDA margin for Canadian National Railway Company (CNI)?

The 5Y average EBITDA margin for CNI stock is 49.13%.

What is the 10Y average EBITDA margin for Canadian National Railway Company (CNI)?

The 10Y average EBITDA margin for CNI stock is 49.42%.

What is the 15Y average EBITDA margin for Canadian National Railway Company (CNI)?

The 15Y average EBITDA margin for CNI stock is 48.98%.

What is the 20Y average EBITDA margin for Canadian National Railway Company (CNI)?

The 20Y average EBITDA margin for CNI stock is 48.05%.

Canadian National Railway (CNI) EBITDA Margin: History & Chart

Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.

Is the EBITDA margin high or low?

The EBITDA margin of 49.27% is in line with its 5-year average of 49.13%, around the middle of its 5-year range (44.42%–52.45%).

1.19% above its 12-month average of 48.69%.

EBITDA|Gross Margin|Operating Margin|Profit Margin|All Metrics

CNI EBITDA Margin Metrics

EBITDA MARGIN

49.27%

EBITDA MARGIN AVG TTM

48.69%

EBITDA MARGIN AVG 3Y

48.71%

EBITDA MARGIN AVG 5Y

49.13%

EBITDA MARGIN AVG 10Y

49.42%

EBITDA MARGIN AVG 15Y

48.98%

EBITDA MARGIN AVG 20Y

48.05%

CURRENT VS TTM AVG

+1.19%

CURRENT VS 3Y AVG

+1.14%

CURRENT VS 5Y AVG

+0.28%

CURRENT VS 10Y AVG

-0.29%

CURRENT VS 15Y AVG

+0.59%

CURRENT VS 20Y AVG

+2.54%

CNI Competitors' EBITDA Margin

CNI

Canadian National Railway Company

Current

Market Cap

$73.15B

EBITDA Margin

49.27%

TTM Avg

48.69%

3Y Avg

48.71%

5Y Avg

49.13%

NOC

Northrop Grumman Corporation

vs CNI

Market Cap

$72.53B

EBITDA Margin

13.71%

TTM Avg

13.85%

3Y Avg

12.77%

5Y Avg

14.15%

CMI

Cummins Inc.

vs CNI

Market Cap

$72.45B

EBITDA Margin

14.76%

TTM Avg

14.44%

3Y Avg

12.57%

5Y Avg

13.19%

NSC

Norfolk Southern Corporation

vs CNI

Market Cap

$70.30B

EBITDA Margin

44.34%

TTM Avg

43.28%

3Y Avg

41.76%

5Y Avg

43.89%

CP

Canadian Pacific Kansas City Ltd.

vs CNI

Market Cap

$76.40B

EBITDA Margin

50.59%

TTM Avg

49.63%

3Y Avg

48.49%

5Y Avg

49.54%

FDX

FedEx Corporation

vs CNI

Market Cap

$67.63B

EBITDA Margin

11.60%

TTM Avg

11.68%

3Y Avg

11.52%

5Y Avg

11.50%

ITW

Illinois Tool Works Inc.

vs CNI

Market Cap

$78.92B

EBITDA Margin

28.72%

TTM Avg

29.04%

3Y Avg

27.99%

5Y Avg

27.53%

HON

Honeywell International Inc.

vs CNI

Market Cap

$67.37B

EBITDA Margin

21.25%

TTM Avg

21.88%

3Y Avg

21.71%

5Y Avg

21.49%

UPS

United Parcel Service, Inc.

vs CNI

Market Cap

$79.80B

EBITDA Margin

13.10%

TTM Avg

13.31%

3Y Avg

14.21%

5Y Avg

14.30%

CTAS

Cintas Corporation

vs CNI

Market Cap

$80.00B

EBITDA Margin

27.69%

TTM Avg

27.65%

3Y Avg

26.64%

5Y Avg

26.12%

NAME	MARKET CAP	EBITDA MARGIN	TTM	3Y	5Y
Canadian National Railway Company (CNI)	$73.15B	49.27%	48.69%	48.71%	49.13%
Northrop Grumman Corporation (NOC)vs ›	$72.53B	13.71%	13.85%	12.77%	14.15%
Cummins Inc. (CMI)vs ›	$72.45B	14.76%	14.44%	12.57%	13.19%
Norfolk Southern Corporation (NSC)vs ›	$70.30B	44.34%	43.28%	41.76%	43.89%
Canadian Pacific Kansas City Ltd. (CP)vs ›	$76.40B	50.59%	49.63%	48.49%	49.54%
FedEx Corporation (FDX)vs ›	$67.63B	11.60%	11.68%	11.52%	11.50%
Illinois Tool Works Inc. (ITW)vs ›	$78.92B	28.72%	29.04%	27.99%	27.53%
Honeywell International Inc. (HON)vs ›	$67.37B	21.25%	21.88%	21.71%	21.49%
United Parcel Service, Inc. (UPS)vs ›	$79.80B	13.10%	13.31%	14.21%	14.30%
Cintas Corporation (CTAS)vs ›	$80.00B	27.69%	27.65%	26.64%	26.12%

Margin Comparison

Gross Margin

44.4%

EBITDA Margin

49.3%

Operating Margin

37.5%

Net Margin

26.9%

Formula: EBITDA Margin = (EBITDA / Revenue) × 100

Why EBITDA Margin matters:

Removes effects of depreciation policies (D&A)
Capital structure neutral (ignores interest)
Tax neutral (ignores tax differences)
Good proxy for operating cash generation

EBITDA Margin Formula & Definition

EBITDA Margin = EBITDA / Revenue

EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

EBITDA Margin FAQ

What is the EBITDA margin for Canadian National Railway Company (CNI)?: The EBITDA margin for CNI stock is 49.27%.
Is Canadian National Railway Company's EBITDA margin high or low?: The EBITDA margin of 49.27% is in line with its 5-year average of 49.13%, around the middle of its 5-year range (44.42%–52.45%).
What is the TTM average EBITDA margin for Canadian National Railway Company (CNI)?: The TTM average EBITDA margin for CNI stock is 48.69%.
What is the 3Y average EBITDA margin for Canadian National Railway Company (CNI)?: The 3Y average EBITDA margin for CNI stock is 48.71%.
What is the 5Y average EBITDA margin for Canadian National Railway Company (CNI)?: The 5Y average EBITDA margin for CNI stock is 49.13%.
What is the 10Y average EBITDA margin for Canadian National Railway Company (CNI)?: The 10Y average EBITDA margin for CNI stock is 49.42%.
What is the 15Y average EBITDA margin for Canadian National Railway Company (CNI)?: The 15Y average EBITDA margin for CNI stock is 48.98%.
What is the 20Y average EBITDA margin for Canadian National Railway Company (CNI)?: The 20Y average EBITDA margin for CNI stock is 48.05%.

CNI EBITDA Margin History

DATE	EBITDA MARGIN
2026-06-30	47.70%
2026-03-31	46.43%
2025-12-31	49.04%
2025-09-30	50.51%
2025-06-30	49.79%
2025-03-31	47.76%
2024-12-31	48.58%
2024-09-30	48.42%
2024-06-30	46.75%
2024-03-31	47.26%
2023-12-31	51.02%
2023-09-30	49.51%
2023-06-30	50.51%
2023-03-31	48.92%
2022-12-31	52.03%
2022-09-30	52.45%
2022-06-30	50.46%
2022-03-31	44.42%
2021-12-31	51.93%
2021-09-30	48.62%
2021-06-30	49.69%
2021-03-31	48.97%
2020-12-31	49.59%
2020-09-30	51.54%
2020-06-30	37.05%
2020-03-31	45.33%
2019-12-31	44.78%
2019-09-30	51.83%
2019-06-30	51.65%
2019-03-31	42.89%
2018-12-31	47.22%
2018-09-30	49.40%
2018-06-30	50.92%
2018-03-31	42.36%
2017-12-31	49.22%
2017-09-30	52.62%
2017-06-30	52.30%
2017-03-31	48.25%
2016-12-31	53.00%
2016-09-30	57.03%
2016-06-30	55.91%
2016-03-31	51.42%
2015-12-31	51.93%
2015-09-30	55.06%
2015-06-30	52.70%
2015-03-31	43.87%
2014-12-31	47.99%
2014-09-30	49.52%
2014-06-30	48.62%
2014-03-31	39.96%
2013-12-31	44.48%
2013-09-30	49.11%
2013-06-30	48.46%
2013-03-31	41.16%
2012-12-31	45.74%
2012-09-30	48.54%
2012-06-30	47.78%
2012-03-31	43.61%
2011-12-31	45.01%
2011-09-30	50.11%
2011-06-30	48.27%
2011-03-31	41.41%
2010-12-31	46.95%
2010-09-30	48.92%
2010-06-30	48.64%
2010-03-31	41.12%
2009-12-31	45.16%
2009-09-30	47.70%
2009-06-30	43.91%
2009-03-31	36.79%
2008-12-31	46.23%
2008-09-30	45.24%
2008-06-30	42.09%
2008-03-31	36.22%
2007-12-31	98.95%
2007-09-30	45.72%
2007-06-30	48.00%
2007-03-31	38.37%
2006-12-31	97.20%
2006-09-30	51.02%
2006-06-30	41.48%
2006-03-31	33.82%
2005-12-31	89.53%
2005-09-30	55.29%
2005-06-30	47.43%
2005-03-31	39.19%
2004-12-31	89.72%
2004-09-30	43.14%
2004-06-30	43.29%
2004-03-31	37.04%
2003-12-31	111.98%
2003-10-20	31.40%
2003-06-30	31.12%
2003-03-31	31.24%
2002-12-31	85.13%
2002-09-30	32.63%

EBITDA Margin: 49.27%

CNI EBITDA Margin

CNI Average EBITDA Margin Chart

CNI Current vs Average EBITDA Margin Chart

CNI EBITDA Margin Metrics

CNI Competitors' EBITDA Margin

Margin Comparison

EBITDA Margin Formula & Definition

EBITDA Margin FAQ

CNI EBITDA Margin History

Related Metrics