Canadian National Railway Co (CNI)
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States. The company provides rail services, which include equipment, customs brokerage, transloading and warehousing, business development, dimensional loads, and private railcar storage, less-than-truckload, and mexico services; intermodal services, such as temperature controlled multimodal, mobile transport trays, port partnerships, transloading and distribution, logistics parks, trucking, and supply chain services. It also offers connecting to rail, short lines, maps and network services. The company serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, consumer goods, and third party logistics applications. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.
- Ticker
- CNI
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Railroads
- 52-week range
- $90.74 - $131.55
Valuation
- Share price
- $124.06 (close of Nov 6, 2026)
- P/E (TTM)
- 22.02x
- Price to book
- 4.80x
- Price to free cash flow
- 27.45x
Price performance
| Period | Change |
|---|---|
| 1 day | -1.92% |
| 5 days | +0.30% |
| 1 month | +4.77% |
| 3 months | -1.85% |
| 6 months | +10.58% |
| Year to date | +25.50% |
| 1 year | +31.22% |
| 3 years | +12.19% |
| 5 years | -6.65% |
| 10 years | +100.26% |
| All time | +3,766.81% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 0.83%
- Shares short
- 4.99M
- Days to cover
- 5.37
- Change since prior report
- -21.91%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed CNI trades
Super investors holding CNI
Bill Gates (Gates Foundation Trust) · Chris Hohn (TCI Fund Management Ltd) · Prem Watsa (Fairfax Financial Holdings) · Lee Ainslie (Maverick Capital LTD) · Ken Griffin (Citadel) · First Eagle Investment (First Eagle Investment Management, LLC)
Profitability and growth
- Return on equity
- 21.88%
- Return on invested capital
- 11.67%
- Return on assets
- 8.06%
- Return on capital employed
- 12.01%
- Net margin
- 27.28%
- EBITDA margin
- 49.27%
- Revenue growth
- 1.51%
- Net income growth
- 6.12%
- Free cash flow growth
- 7.65%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.64%
- Current ratio
- 0.82x
- Net debt to EBITDA
- 2.40x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Shares outstanding
- 623.10M
Margins and returns by year
| Period end | Net margin | Return on equity | Return on capital |
|---|---|---|---|
| 2025-12-31 | 27.28% | 21.88% | 11.67% |
| 2024-12-31 | 26.09% | 21.13% | 11.42% |
| 2023-12-31 | 33.43% | 27.96% | 14.70% |
| 2022-12-31 | 29.92% | 23.93% | 13.94% |
| 2020-12-31 | 25.78% | 18.13% | 11.49% |
| 2019-12-31 | 28.26% | 23.37% | 13.03% |
| 2018-12-31 | 30.22% | 24.53% | 13.20% |
| 2017-12-31 | 42.05% | 32.93% | 18.54% |
| 2016-12-31 | 30.24% | 24.53% | 15.04% |
| 2015-12-31 | 28.05% | 23.67% | 15.49% |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-10-30 | Sep 2026 | - |
| 2026-07-24 | Jun 2026 | - |
| 2026-04-29 | Mar 2026 | - |
| 2026-01-30 | Dec 2025 | - |
| 2025-10-31 | Sep 2025 | - |
| 2025-07-22 | Jun 2025 | - |
| 2025-05-01 | Mar 2025 | - |
| 2025-01-30 | Dec 2024 | - |
Filings and sources
- Company website
- cn.ca
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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