Canadian National Railway (CNI) Financials: History & Chart

Canadian National Railway Company (CNI)CNICanadian National Railway Company

About Canadian National Railway Company

Canadian National Railway Company (CNI), together with its subsidiary operations, functions as a key player in the railway and related logistics industry. The firm handles a wide array of freight, including petroleum products and chemicals, agricultural commodities such as grain and fertilizers, various minerals like coal and metals, timber and paper goods, intermodal containers, and finished automobiles. Its services cater to a broad base of clients, from international exporters and importers to retail chains, agricultural growers, and industrial manufacturers. CNI boasts a substantial rail infrastructure, with approximately 19,500 miles of track extending across both Canada and the United States. Additionally, the company provides diverse ancillary services, encompassing marine terminal management (vessels and docks), cargo transshipment and distribution, specialized automotive supply chain solutions, and comprehensive freight management and forwarding. Founded in 1919, Canadian National Railway Company is based in Montreal, Canada.

Montreal, QC

23,839 employees

www.cn.ca

Industrials / Railroads

Sector: Industrials
Industry: Railroads
CEO: Tracy A. Robinson

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	12.75B	3.35B	3.16B	3.25B	2.99B	3.14B	3.06B	3.03B	3.04B
Cost of Goods Sold	7.08B	1.88B	1.80B	1.74B	1.65B	1.80B	1.82B	1.77B	1.81B
Gross Profit	5.66B	1.46B	1.35B	1.50B	1.34B	1.34B	1.23B	1.26B	1.23B
Gross Profit Margin	44.4%	43.7%	42.8%	46.3%	44.9%	42.8%	40.4%	41.5%	40.4%
Total Operating Expenses	876.99M	209.18M	234.97M	243.02M	189.82M	138.82M	116.04M	125.78M	108.64M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	876.99M	209.18M	234.97M	243.02M	189.82M	0.00	0.00	0.00	-84.25M
Operating Income (EBIT)	4.78B	1.25B	1.12B	1.26B	1.15B	1.20B	1.12B	1.13B	1.12B
Operating Margin	37.5%	37.5%	35.4%	38.8%	38.5%	38.3%	36.6%	37.4%	36.9%
Income Before Tax (EBT)	4.58B	1.18B	1.10B	1.21B	1.08B	1.15B	1.06B	1.05B	1.04B
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	625.68M	169.74M	168.66M	170.26M	117.02M	160.86M	161.90M	160.52M	169.98M
Other Income/Expense	-208.97M	-71.13M	-20.18M	-46.57M	-71.08M	-56.56M	-57.67M	-83.39M	-78.34M
Net Income	3.43B	879.68M	826.01M	908.05M	817.80M	860.83M	806.71M	796.36M	801.87M
Income Tax Expense	1.14B	303.56M	270.29M	306.32M	264.22M	285.72M	254.31M	251.55M	239.45M
Net Profit Margin	26.9%	26.3%	26.2%	28.0%	27.3%	27.4%	26.4%	26.3%	26.4%
EBITDA	6.17B	1.60B	1.47B	1.59B	1.51B	1.56B	1.46B	1.47B	1.47B
EBITDA Margin	48.4%	47.7%	46.4%	49.0%	50.5%	49.8%	47.8%	48.6%	48.4%
Depreciation & Amortization	1.38B	342.29M	348.86M	331.79M	359.51M	359.17M	342.56M	339.81M	351.05M
EPS Basic	5.59	1.45	1.35	1.48	1.31	1.37	1.29	1.26	1.27
EPS Diluted	5.59	1.45	1.35	1.47	1.31	1.37	1.29	1.26	1.27
Shares Outstanding	606.50M	606.50M	611.30M	615.40M	621.90M	627.40M	627.80M	635.00M	629.60M
Diluted Shares Outstanding	607.50M	607.50M	611.90M	616.00M	622.40M	628.00M	628.30M	629.50M	630.50M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	12.59B	11.85B	12.70B	12.62B	11.45B	10.85B	11.48B	10.49B
Cost of Goods Sold	6.94B	7.00B	7.30B	7.16B	6.65B	6.32B	6.80B	6.13B
Gross Profit	5.65B	4.84B	5.40B	5.46B	4.80B	4.53B	4.68B	4.37B
Gross Profit Margin	44.9%	40.9%	42.5%	43.2%	41.9%	41.8%	40.8%	41.6%
Total Operating Expenses	856.39M	500.33M	417.99M	410.16M	358.14M	780.09M	131.57M	122.38M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	856.39M	0.00	-361.41M	-367.37M	-321.77M	-229.16M	-246.98M	-221.31M
Operating Income (EBIT)	4.79B	4.34B	4.98B	5.05B	4.44B	3.75B	4.30B	4.03B
Operating Margin	38.1%	36.6%	39.2%	40.0%	38.8%	34.6%	37.5%	38.4%
Income Before Tax (EBT)	4.56B	4.07B	4.90B	4.99B	5.01B	3.55B	4.18B	4.16B
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	664.30M	619.16M	544.75M	404.26M	482.27M	434.78M	413.94M	358.34M
Other Income/Expense	-235.02M	-274.49M	-82.24M	-56.80M	573.98M	-200.91M	-126.18M	138.50M
Net Income	3.43B	3.09B	4.24B	3.78B	3.87B	2.78B	3.24B	3.17B
Income Tax Expense	1.12B	975.64M	651.13M	1.21B	1.14B	765.96M	933.28M	992.21M
Net Profit Margin	27.3%	26.1%	33.4%	29.9%	33.8%	25.7%	28.3%	30.2%
EBITDA	6.20B	5.66B	6.35B	6.32B	5.70B	5.00B	5.51B	5.00B
EBITDA Margin	49.3%	47.7%	50.0%	50.1%	49.8%	46.1%	48.0%	47.6%
Depreciation & Amortization	1.41B	1.31B	1.37B	1.28B	1.26B	1.25B	1.20B	973.89M
EPS Basic	5.51	4.88	6.44	7.39	6.97	3.93	4.50	4.32
EPS Diluted	5.51	4.87	6.44	5.49	5.46	3.92	4.51	4.30
Shares Outstanding	623.10M	633.50M	657.70M	687.90M	710.00M	713.28M	720.49M	737.31M
Diluted Shares Outstanding	623.70M	634.50M	659.10M	688.30M	710.30M	713.00M	719.15M	737.70M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.