Operating Margin: 35.37%
Is the operating margin high or low?
The operating margin of 35.37% is in line with its 5-year average of 38.32%, near the low end of its 5-year range (33.09%–42.81%).
As of Sunday, June 28, 2026. 5.73% below its 12-month average of 37.52%.
CNI Operating Margin
Reported quarterly operating margin; no daily interpolation.
CNI Average Operating Margin Chart
CNI Current vs Average Operating Margin Chart
CNI Operating Margin Metrics
OPERATING MARGIN
35.37%
OPERATING MARGIN AVG TTM
37.52%
OPERATING MARGIN AVG 3Y
37.76%
OPERATING MARGIN AVG 5Y
38.32%
OPERATING MARGIN AVG 10Y
38.97%
OPERATING MARGIN AVG 15Y
38.62%
OPERATING MARGIN AVG 20Y
38.18%
CURRENT VS TTM AVG
-5.73%
CURRENT VS 3Y AVG
-6.32%
CURRENT VS 5Y AVG
-7.68%
CURRENT VS 10Y AVG
-9.24%
CURRENT VS 15Y AVG
-8.41%
CURRENT VS 20Y AVG
-7.34%
CNI Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian National Railway Company (CNI) | $73.13B | 35.37% | 37.52% | 37.76% | 38.32% |
| TransDigm Group Incorporated (TDG)vs › | $74.09B | 46.51% | 45.81% | 44.20% | 41.06% |
| Bloom Energy Corporation (BE)vs › | $71.69B | 8.24% | 2.58% | -8.07% | -9.18% |
| FedEx Corporation (FDX)vs › | $76.00B | 6.74% | 6.96% | 6.77% | 6.87% |
| Norfolk Southern Corporation (NSC)vs › | $70.26B | 32.39% | 31.98% | 31.05% | 33.01% |
| Illinois Tool Works Inc. (ITW)vs › | $77.02B | 26.42% | 26.55% | 25.49% | 24.82% |
| Cintas Corporation (CTAS)vs › | $68.78B | 22.95% | 22.19% | 21.26% | 20.15% |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $77.88B | 36.78% | 36.40% | 36.38% | 38.09% |
| Emerson Electric Co. (EMR)vs › | $80.37B | 19.96% | 17.42% | 17.53% | 16.97% |
| Comfort Systems USA, Inc. (FIX)vs › | $65.27B | 15.69% | 12.54% | 9.81% | 8.67% |
Operating Efficiency
Gross Margin
44.2%
Operating Margin
35.4%
Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Operating Margin FAQ
- What is the operating margin for Canadian National Railway Company (CNI)?
- The operating margin for CNI stock is 35.37%.
- Is Canadian National Railway Company's operating margin high or low?
- The operating margin of 35.37% is in line with its 5-year average of 38.32%, near the low end of its 5-year range (33.09%–42.81%).
- What is the TTM average operating margin for Canadian National Railway Company (CNI)?
- The TTM average operating margin for CNI stock is 37.52%.
- What is the 3Y average operating margin for Canadian National Railway Company (CNI)?
- The 3Y average operating margin for CNI stock is 37.76%.
- What is the 5Y average operating margin for Canadian National Railway Company (CNI)?
- The 5Y average operating margin for CNI stock is 38.32%.
- What is the 10Y average operating margin for Canadian National Railway Company (CNI)?
- The 10Y average operating margin for CNI stock is 38.97%.
- What is the 15Y average operating margin for Canadian National Railway Company (CNI)?
- The 15Y average operating margin for CNI stock is 38.62%.
- What is the 20Y average operating margin for Canadian National Railway Company (CNI)?
- The 20Y average operating margin for CNI stock is 38.18%.
CNI Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2026-03-31 | 35.37% |
| 2025-12-31 | 38.82% |
| 2025-09-30 | 38.50% |
| 2025-06-30 | 38.34% |
| 2025-03-31 | 36.57% |
| 2024-12-31 | 37.36% |
| 2024-09-30 | 36.86% |
| 2024-06-30 | 35.99% |
| 2024-03-31 | 36.39% |
| 2023-12-31 | 40.66% |
| 2023-09-30 | 38.05% |
| 2023-06-30 | 39.44% |
| 2023-03-31 | 38.53% |
| 2022-12-31 | 42.10% |
| 2022-09-30 | 42.81% |
| 2022-06-30 | 40.72% |
| 2022-03-31 | 33.09% |
| 2021-12-31 | 41.73% |
| 2021-09-30 | 37.34% |
| 2021-06-30 | 38.41% |
| 2021-03-31 | 37.54% |
| 2020-12-31 | 38.59% |
| 2020-09-30 | 40.07% |
| 2020-06-30 | 24.46% |
| 2020-03-31 | 34.27% |
| 2019-12-31 | 33.98% |
| 2019-09-30 | 42.11% |
| 2019-06-30 | 42.49% |
| 2019-03-31 | 30.47% |
| 2018-12-31 | 38.13% |
| 2018-09-30 | 40.46% |
| 2018-06-30 | 41.83% |
| 2018-03-31 | 32.25% |
| 2017-12-31 | 39.60% |
| 2017-09-30 | 42.81% |
| 2017-06-30 | 42.51% |
| 2017-03-31 | 38.18% |
| 2016-12-31 | 43.36% |
| 2016-09-30 | 46.68% |
| 2016-06-30 | 45.50% |
| 2016-03-31 | 41.06% |
| 2015-12-31 | 42.77% |
| 2015-09-30 | 46.15% |
| 2015-06-30 | 43.58% |
| 2015-03-31 | 34.31% |
| 2014-12-31 | 39.29% |
| 2014-09-30 | 41.24% |
| 2014-06-30 | 40.37% |
| 2014-03-31 | 30.45% |
| 2013-12-31 | 35.23% |
| 2013-09-30 | 40.18% |
| 2013-06-30 | 39.08% |
| 2013-03-31 | 31.63% |
| 2012-12-31 | 36.39% |
| 2012-09-30 | 39.45% |
| 2012-06-30 | 38.73% |
| 2012-03-31 | 33.80% |
| 2011-12-31 | 35.30% |
| 2011-09-30 | 40.66% |
| 2011-06-30 | 38.67% |
| 2011-03-31 | 30.95% |
| 2010-12-31 | 36.56% |
| 2010-09-30 | 39.30% |
| 2010-06-30 | 38.84% |
| 2010-03-31 | 30.69% |
| 2009-12-31 | 34.70% |
| 2009-09-30 | 37.34% |
| 2009-06-30 | 32.73% |
| 2009-03-31 | 25.87% |
| 2008-12-31 | 37.27% |
| 2008-09-30 | 37.39% |
| 2008-06-30 | 33.70% |
| 2008-03-31 | 27.14% |
| 2007-12-31 | 37.95% |
| 2007-09-30 | 37.96% |
| 2007-06-30 | 40.01% |
| 2007-03-31 | 29.40% |
| 2006-12-31 | 38.91% |
| 2006-09-30 | 42.61% |
| 2006-06-30 | 41.38% |
| 2006-03-31 | 33.82% |
| 2005-12-31 | 35.37% |
| 2005-09-30 | 46.66% |
| 2005-06-30 | 38.81% |
| 2005-03-31 | 31.25% |
| 2004-12-31 | 32.11% |
| 2004-09-30 | 35.62% |
| 2004-06-30 | 35.58% |
| 2004-03-31 | 28.47% |
| 2003-12-31 | 51.00% |
| 2003-10-20 | 23.33% |
| 2003-06-30 | 22.90% |
| 2003-03-31 | 22.79% |
| 2002-12-31 | 22.63% |
| 2002-09-30 | 24.08% |
| 2002-06-30 | 24.80% |
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.
- Sector
- Industrials
- Industry
- Railroads
- CEO
- Tracy A. Robinson