CNINYSERailroads, Line-Haul OperatingFiscal year ends December 31

CANADIAN NATIONAL RAILWAY CO

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 4, 2026

$120.09−1.70 (-1.40%)

Close on Oct 19, 2026

CANADIAN NATIONAL RAILWAY CO income statement

Annual Quarterly TTM

CAD USD

Millions of CAD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31
Revenue	17,304	17,046	16,828	17,107	14,477	13,819	14,917	14,321	13,041	12,037	12,611	12,134	10,575	9,920	9,028	8,297	7,367	8,482
Operating Expenses	–	–	–	–	–	–	9,324	8,828	7,798	7,005	7,345	7,510	6,702	6,235	5,732	5,273	4,961	5,588
Total Costs & Expenses	10,717	10,799	10,231	10,267	8,861	9,042	9,324	8,828	–	–	–	–	–	–	–	–	–	–
Operating Income	6,587	6,247	6,597	6,840	5,616	4,777	5,593	5,493	5,243	5,032	5,266	4,624	3,873	3,685	3,296	3,024	2,406	2,894
Interest Expense	913	891	722	548	610	554	538	489	481	480	439	371	357	342	341	360	412	375
Other Non-Operating Income	88	42	134	-27	43	6.00	53	376	12	95	47	107	73	315	401	212	267	26
Gain (Loss) on Investments	–	0	0	-29	20	–	–	–	–	–	0	0	0	–	–	–	–	–
Gain (Loss) on Sale of Assets	0	0	129	0	0	0	0	338	–	–	–	80	69	281	348	152	226	0
Pretax Income	6,264	5,852	6,488	6,763	6,342	4,544	5,429	5,682	5,089	4,927	4,874	4,360	3,589	3,658	3,356	2,876	2,261	–
Income Tax Expense	1,544	1,404	863	1,645	1,443	982	1,213	1,354	-395	1,287	1,336	1,193	977	978	899	772	407	650
Net Income	4,720	4,448	5,625	5,118	4,899	3,562	4,216	4,328	5,484	3,640	3,538	3,167	2,612	2,680	2,457	2,104	1,854	1,895
EPS (Basic)(per share)	7.58	7.02	8.55	7.46	6.91	5.01	5.85	5.89	7.28	4.69	4.42	3.86	3.10	3.08	2.72	2.26	1.98	2.00
EPS (Diluted)(per share)	7.57	7.01	8.53	7.44	6.90	5.00	5.83	5.87	7.24	4.67	4.39	3.85	3.09	3.06	2.70	2.24	1.96	1.98
Shares Outstanding (Basic, Weighted)(shares)	623	634	658	686	709	711	720	735	754	776	801	820	843	871	902	933	938	949
Shares Outstanding (Diluted, Weighted)(shares)	624	635	659	688	710	713	723	738	757	779	805	824	846	875	909	940	947	960
Dividend per Share(per share)	3.55	3.38	3.16	2.93	2.46	2.30	2.15	1.82	1.65	1.50	1.25	1.00	0.86	0.75	0.65	0.54	0.51	0.46
EBITDA	8,525	8,139	8,414	8,569	7,214	6,366	7,155	6,822	6,524	6,257	6,424	5,674	4,853	4,609	4,180	3,858	3,196	3,619

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: –
Operating margin: 38.1%
Net margin: 27.3%
Return on equity, FY2025: 22.1%

Financial strength

Current ratio: 0.67
Debt to equity: 0.99
Debt to assets: 36.4%
Cash to current liabilities: 9.5%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –

Valuation ratios need the share price and fill in once daily prices are connected.