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Canadian National Railway Co

CNINYSERailroads, Line-Haul OperatingFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 4, 2026Score 8/30
$126.79+3.10 (+2.51%)

Close on Nov 2, 2026Market cap $77.90BP/E 23.4Yield 2.00%

Canadian National Railway Operating ratio by Quarter

Operating ratio (%) (%)

QuarterlyAnnual

Canadian National Railway Operating ratio: 63.7% in Q3 2026, up 2.3 pts from a year earlier.

Latest, Q3 2026
63.7%
Period ended Sep 30, 2026
Change on a year earlier
+2.3 pts
61.4% in Q3 2025
History
46 quarters
Since Q1 2015
Sources
41
Documents cited below

Where the Q3 2026 figure comes from

“|| Operating ratio (%) (5) | 63.7 | 61.4 | 63.6 | 62.2”

Source: 6-K FY2026Q3 (News Release & Statistical Summary) ↗

Reported in Form 6-K Statistical Summary & Non-GAAP Measures.

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedOperating ratio (%) (%)Year on yearSource
Q3 2026Sep 30, 202663.7%+2.3 pts6-K FY2026Q3 (News Release & Statistical Summary) ↗
Q2 2026Jun 30, 202662.5%+0.8 pts6-K FY2026Q2 (News Release & Statistical Summary) ↗
Q1 2026Mar 31, 202664.6%+1.2 pts6-K FY2026Q1 (News Release & Statistical Summary) ↗
Q4 2025Dec 31, 202561.2%-1.4 pts6-K FY2025Q4 (News Release & Statistical Summary) ↗
Q3 2025Sep 30, 202561.4%-1.7 pts6-K FY2026Q3 (News Release & Statistical Summary) ↗
Q2 2025Jun 30, 202561.7%-2.3 pts6-K FY2026Q2 (News Release & Statistical Summary) ↗
Q1 2025Mar 31, 202563.4%-0.2 pts6-K FY2026Q1 (News Release & Statistical Summary) ↗
Q4 2024Dec 31, 202462.6%+3.3 pts6-K FY2025Q4 (News Release & Statistical Summary) ↗
Q3 2024Sep 30, 202463.1%+1.1 pts6-K FY2025Q3 (News Release & Statistical Summary) ↗
Q2 2024Jun 30, 202464.0%+3.4 pts6-K FY2025Q2 (News Release & Statistical Summary) ↗
Q1 2024Mar 31, 202463.6%+2.1 pts6-K FY2025Q1 (News Release & Statistical Summary) ↗
Q4 2023Dec 31, 202359.3%+1.4 pts6-K FY2024Q4 (News Release & Statistical Summary) ↗
Q3 2023Sep 30, 202362.0%+4.8 pts6-K FY2024Q3 (News Release & Statistical Summary) ↗
Q2 2023Jun 30, 202360.6%+1.3 pts6-K FY2024Q2 (News Release & Statistical Summary) ↗
Q1 2023Mar 31, 202361.5%-5.4 pts6-K FY2024Q1 (News Release & Statistical Summary) ↗
Q4 2022Dec 31, 202257.9%-0.4 pts6-K FY2023Q4 (News Release & Statistical Summary) ↗

Breakdown

What makes up operating ratio

Cite this data

StockData. (2026). Canadian National Railway Operating ratio (%), quarterly Q1 2015–Q3 2026 [Data set]. Compiled from Canadian National Railway SEC filings and investor materials. https://stockdatahq.com/stocks/cni/kpis/or-gaap

See every metric in the Canadian National Railway KPI table. Data updated Nov 2, 2026.