Industrials · Railroads
Price
$124.34
Market Cap
$75.4B
Employees
24,911
Beta
1.01
Avg Volume
1,480,503
CEO
Tracy A. Robinson
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.
Runs with full report
Price Overview
Last updated: Jul 10, 2026 4:15am (just now)
Current data · timestamped when a report runs
$124.34
Change · Jul 10
+1.66 (+1.35%)
Day Range
$122.73 – $125.04
52-Week Range
$90.74 – $125.04
50-Day MA
$116.39
200-Day MA
$104.43
Volume
1,111,694.00
Analyst Price Targets
Low
$100.00
Consensus
$119.00
High
$138.00
(47 analysts)
Share Structure
Outstanding
606,600,000.00
Float
606,206,316.00
Free Float
99.9%
High free float
— 99.9% of shares trade freely, ~0.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
22.88
Stock Price: $124.34
EPS (Diluted): 7.57
EPS (Diluted): 7.57
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
3.92
Stock Price: $124.34
Total Equity: $21.55B
Shares: 623,700,000
Total Equity: $21.55B
Shares: 623,700,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
14.11
Market Cap: $75.42B
Total Debt: $21.50B
Cash: $362.70M
EBITDA: $9.11B
Total Debt: $21.50B
Cash: $362.70M
EBITDA: $9.11B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$106.0B
Market Cap: $75.42B
Total Debt: $21.50B
Cash: $362.70M
Total Debt: $21.50B
Cash: $362.70M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
44.9%
Gross Profit: $7.76B
Revenue: $17.29B
Revenue: $17.29B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
38.1%
Operating Income: $6.58B
Revenue: $17.29B
Revenue: $17.29B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
27.3%
Net Income: $4.72B
Revenue: $17.29B
Revenue: $17.29B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
21.9%
Net Income: $4.72B
Total Equity: $21.55B
Total Equity: $21.55B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
8.7%
Operating Income: $6.58B
Tax Rate: 24.6%
Equity: $21.55B
Total Debt: $21.50B
Cash: $362.70M
Tax Rate: 24.6%
Equity: $21.55B
Total Debt: $21.50B
Cash: $362.70M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.67
Current Assets: $2.47B
Current Liabilities: $3.69B
Current Liabilities: $3.69B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
1.00
Short-Term Debt: $905.26M
Long-Term Debt: $20.60B
Total Debt: $21.50B
Total Equity: $21.55B
Long-Term Debt: $20.60B
Total Debt: $21.50B
Total Equity: $21.55B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$27.72
Revenue: $17.29B
Shares: 623,700,000
Shares: 623,700,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$34.55
Total Equity: $21.55B
Shares: 623,700,000
Shares: 623,700,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$5.43
Operating CF: $7.04B
CapEx: -$3.66B
Shares: 623,700,000
CapEx: -$3.66B
Shares: 623,700,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
2.6%
Last Dividend: N/A
Stock Price: $124.34
Stock Price: $124.34
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $4.72B
Net Income: $4.72B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares CNI against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 10, 2026 4:15am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.5B | $17.1B | $16.8B | $17.0B | $17.3B |
| Cost of Revenue | $8.4B | $9.7B | $9.7B | $10.1B | $9.5B |
| Gross Profit | $6.1B | $7.4B | $7.2B | $7.0B | $7.8B |
| Operating Expenses | $453.0M | $556.0M | $554.0M | $720.0M | $1.2B |
| Operating Income | $5.6B | $6.8B | $6.6B | $6.2B | $6.6B |
| Net Income | $4.9B | $5.1B | $5.6B | $4.4B | $4.7B |
| EBITDA | $8.6B | $9.0B | $9.0B | $8.6B | $9.1B |
| EPS | $8.81 | $10.02 | $8.53 | $7.02 | $7.57 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 10, 2026 4:15am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $838.0M | $328.0M | $475.0M | $389.0M | $362.7M |
| Total Current Assets | $3.4B | $3.2B | $3.1B | $2.6B | $2.5B |
| Total Assets | $48.5B | $50.7B | $52.7B | $57.1B | $58.5B |
| Current Liabilities | $3.1B | $3.8B | $5.0B | $4.0B | $3.7B |
| Long-Term Debt | $12.0B | $14.4B | $16.1B | $19.7B | $20.6B |
| Total Liabilities | $25.8B | $29.3B | $32.5B | $36.0B | $37.0B |
| Total Equity | $22.7B | $21.4B | $20.1B | $21.1B | $21.6B |
| Retained Earnings | $21.0B | $19.5B | $18.7B | $18.4B | $18.9B |
Cash Flow (Annual)
Last updated: Jul 10, 2026 4:15am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $7.0B | $6.7B | $7.0B | $6.7B | $7.0B |
| Capital Expenditure | -$2.9B | -$2.8B | -$3.2B | -$3.5B | -$3.7B |
| Free Cash Flow | $4.1B | $3.9B | $3.8B | $3.2B | $3.4B |
| Acquisitions (net) | -$22.0M | $0 | -$390.0M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.6B | -$4.8B | -$4.6B | -$2.7B | -$2.1B |
| Net Change in Cash | $241.0M | -$507.0M | $90.0M | -$523.0M | -$19.6M |
Analyst Estimates (Annual)
Last updated: Jul 10, 2026 4:15am (just now)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$18.8B $18.3B – $19.8B
|
$19.8B $19.4B – $20.6B
|
$21.1B $20.6B – $22.0B
|
$21.8B $21.3B – $22.7B
|
| EBITDA |
$10.1B $9.8B – $10.6B
|
$10.7B $10.4B – $11.1B
|
$11.4B $11.1B – $11.8B
|
$11.7B $11.4B – $12.2B
|
| Net Income |
$5.5B $5.3B – $5.8B
|
$6.0B $5.9B – $6.3B
|
$6.6B $6.4B – $6.9B
|
$7.0B $6.8B – $7.3B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 10, 2026 4:15am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +18.2% | -1.6% | +1.3% | +1.4% |
| Gross Profit Growth | +21.9% | -3.3% | -2.6% | +11.3% |
| Operating Income Growth | +21.8% | -3.6% | -5.3% | +5.4% |
| Net Income Growth | +4.5% | +9.9% | -20.9% | +6.0% |
| EBITDA Growth | +5.7% | -0.1% | -4.3% | +5.5% |
Dividend History (Last 20)
Last updated: Jul 10, 2026 4:15am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-09 | $0.66 | 2026-04-28 | 2026-06-09 | 2026-06-30 |
| 2026-03-10 | $0.67 | 2026-01-30 | 2026-03-10 | 2026-03-31 |
| 2025-12-09 | $0.64 | 2025-10-31 | 2025-12-09 | 2025-12-30 |
| 2025-09-08 | $0.64 | 2025-07-22 | 2025-09-08 | 2025-09-29 |
| 2025-06-09 | $0.65 | 2025-05-01 | 2025-06-09 | 2025-06-30 |
| 2025-03-10 | $0.62 | 2025-01-30 | 2025-03-10 | 2025-03-31 |
| 2024-12-09 | $0.60 | 2024-10-22 | 2024-12-09 | 2024-12-30 |
| 2024-09-06 | $0.62 | 2024-07-23 | 2024-09-06 | 2024-09-27 |
| 2024-06-07 | $0.62 | 2024-04-23 | 2024-06-07 | 2024-06-28 |
| 2024-03-06 | $0.62 | 2024-01-23 | 2024-03-07 | 2024-03-28 |
| 2023-12-06 | $0.58 | 2023-10-24 | 2023-12-07 | 2023-12-28 |
| 2023-09-07 | $0.58 | 2023-07-25 | 2023-09-08 | 2023-09-29 |
| 2023-06-08 | $0.59 | 2023-04-24 | 2023-06-09 | 2023-06-30 |
| 2023-03-09 | $0.57 | 2023-01-24 | 2023-03-10 | 2023-03-31 |
| 2022-12-07 | $0.54 | 2022-10-25 | 2022-12-08 | 2022-12-29 |
| 2022-09-07 | $0.57 | 2022-07-26 | 2022-09-08 | 2022-09-29 |
| 2022-06-08 | $0.58 | 2022-04-26 | 2022-06-09 | 2022-06-30 |
| 2022-03-09 | $0.57 | 2022-01-25 | 2022-03-10 | 2022-03-31 |
| 2021-12-08 | $0.48 | 2021-10-19 | 2021-12-09 | 2021-12-30 |
| 2021-09-07 | $0.49 | 2021-07-20 | 2021-09-08 | 2021-09-29 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for CNI — it's generated by the pipeline (
market-narrative step).
No community reviews yet for CNI.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
personal — only you see this
Sign in to save personal notes and rate your interest in this stock.
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.397 · fd27f02b · 2026-07-09 18:28:55