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Canadian National Railway Company CNI

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Price alert · CNI

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128.22 USD +1.92 (+1.52%)

Nov 4, 2026, 2:44 PM EST

125.43 Day range 128.80
90.74 52-week range 131.55
YTD
+29.71%
1 year
+33.90%

Financial health

Altman Z-Score

2.76 Grey zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

7 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B+3 / 5 overall

  • DCF 3
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 1
  • P/E 3
  • P/B 2

Valuation

P/E 17.9×
FY 2016: 19.4×FY 2017: 14.3×FY 2018: 17.2×FY 2019: 20.0×FY 2020: 28.0×FY 2021: 17.6×FY 2022: 16.1×FY 2023: 19.5×FY 2024: 20.8×FY 2025: 17.9×
FY 2016 5y median 17.9× FY 2025
P/S 4.9×
FY 2016: 5.9×FY 2017: 6.0×FY 2018: 5.2×FY 2019: 5.7×FY 2020: 7.2×FY 2021: 7.6×FY 2022: 6.5×FY 2023: 6.5×FY 2024: 5.4×FY 2025: 4.9×
FY 2016 5y median 6.5× FY 2025
P/B 3.9×
FY 2016: 4.8×FY 2017: 4.7×FY 2018: 4.2×FY 2019: 4.7×FY 2020: 5.1×FY 2021: 4.8×FY 2022: 5.2×FY 2023: 5.4×FY 2024: 4.4×FY 2025: 3.9×
FY 2016 5y median 4.8× FY 2025
P/FCF 24.9×
FY 2016: 28.1×FY 2017: 27.6×FY 2018: 31.2×FY 2019: 41.0×FY 2020: 30.3×FY 2021: 27.0×FY 2022: 28.3×FY 2023: 29.0×FY 2024: 29.4×FY 2025: 24.9×
FY 2016 5y median 28.3× FY 2025
EV/EBITDA 11.6×
FY 2016: 12.3×FY 2017: 13.0×FY 2018: 11.6×FY 2019: 13.1×FY 2020: 16.9×FY 2021: 14.3×FY 2022: 14.0×FY 2023: 14.2×FY 2024: 13.1×FY 2025: 11.6×
FY 2016 5y median 14.0× FY 2025
EV/Sales 6.1×
FY 2016: 6.8×FY 2017: 6.9×FY 2018: 6.1×FY 2019: 6.6×FY 2020: 8.2×FY 2021: 8.5×FY 2022: 7.4×FY 2023: 7.6×FY 2024: 6.7×FY 2025: 6.1×
FY 2016 5y median 7.4× FY 2025
FCF Yield 4.0%
FY 2016: 3.6%FY 2017: 3.6%FY 2018: 3.2%FY 2019: 2.4%FY 2020: 3.3%FY 2021: 3.7%FY 2022: 3.5%FY 2023: 3.5%FY 2024: 3.4%FY 2025: 4.0%
FY 2016 5y median 3.5% FY 2025

Profitability

Gross Margin 44.9%
FY 2016: 44.8%FY 2017: 43.5%FY 2018: 41.6%FY 2019: 40.8%FY 2020: 41.8%FY 2021: 41.9%FY 2022: 43.2%FY 2023: 42.5%FY 2024: 40.9%FY 2025: 44.9%
FY 2016 5y median 42.5% FY 2025
Operating Margin 38.1%
FY 2016: 41.8%FY 2017: 40.2%FY 2018: 38.4%FY 2019: 37.5%FY 2020: 34.6%FY 2021: 38.8%FY 2022: 40.0%FY 2023: 39.2%FY 2024: 36.6%FY 2025: 38.1%
FY 2016 5y median 38.8% FY 2025
Net Margin 27.3%
FY 2016: 30.2%FY 2017: 42.1%FY 2018: 30.2%FY 2019: 28.3%FY 2020: 25.7%FY 2021: 33.8%FY 2022: 29.9%FY 2023: 33.4%FY 2024: 26.1%FY 2025: 27.3%
FY 2016 5y median 29.9% FY 2025
ROE 21.9%
FY 2016: 24.5%FY 2017: 32.9%FY 2018: 24.5%FY 2019: 23.4%FY 2020: 18.0%FY 2021: 21.5%FY 2022: 23.9%FY 2023: 28.0%FY 2024: 21.1%FY 2025: 21.9%
FY 2016 5y median 21.9% FY 2025
ROIC 8.9%
FY 2016: 10.5%FY 2017: 14.7%FY 2018: 10.8%FY 2019: 10.5%FY 2020: 8.8%FY 2021: 9.4%FY 2022: 10.8%FY 2023: 11.4%FY 2024: 8.7%FY 2025: 8.9%
FY 2016 5y median 9.4% FY 2025
ROA 8.1%
FY 2016: 9.8%FY 2017: 14.6%FY 2018: 10.5%FY 2019: 9.6%FY 2020: 7.9%FY 2021: 10.1%FY 2022: 10.1%FY 2023: 10.7%FY 2024: 7.8%FY 2025: 8.1%
FY 2016 5y median 10.1% FY 2025

Growth (YoY)

Revenue 1.4%
FY 2016: -4.6%FY 2017: 8.3%FY 2018: 9.8%FY 2019: 4.2%FY 2020: -7.4%FY 2021: 4.8%FY 2022: 18.2%FY 2023: -1.6%FY 2024: 1.3%FY 2025: 1.4%
FY 2016 FY 2025
Operating Income 5.4%
FY 2016: -4.4%FY 2017: 4.2%FY 2018: 4.8%FY 2019: 1.8%FY 2020: -14.6%FY 2021: 17.6%FY 2022: 21.8%FY 2023: -3.6%FY 2024: -5.3%FY 2025: 5.4%
FY 2016 FY 2025
EPS (diluted) 7.8%
FY 2016: 6.4%FY 2017: 55.0%FY 2018: -18.9%FY 2019: -0.2%FY 2020: -14.7%FY 2021: 38.0%FY 2022: 7.8%FY 2023: 14.7%FY 2024: -17.8%FY 2025: 7.8%
FY 2016 FY 2025
Free Cash Flow 7.6%
FY 2016: 3.0%FY 2017: 13.4%FY 2018: -16.0%FY 2019: -13.8%FY 2020: 60.4%FY 2021: 23.6%FY 2022: -4.0%FY 2023: -3.5%FY 2024: -16.6%FY 2025: 7.6%
FY 2016 FY 2025

Financial Health

Current Ratio 0.7×
FY 2016: 0.7×FY 2017: 0.5×FY 2018: 0.8×FY 2019: 0.7×FY 2020: 0.9×FY 2021: 1.1×FY 2022: 0.8×FY 2023: 0.6×FY 2024: 0.7×FY 2025: 0.7×
FY 2016 5y median 0.7× FY 2025
Quick Ratio 0.5×
FY 2016: 0.6×FY 2017: 0.4×FY 2018: 0.6×FY 2019: 0.5×FY 2020: 0.8×FY 2021: 0.9×FY 2022: 0.7×FY 2023: 0.5×FY 2024: 0.5×FY 2025: 0.5×
FY 2016 5y median 0.5× FY 2025
Debt / Equity 1.0×
FY 2016: 0.7×FY 2017: 0.7×FY 2018: 0.7×FY 2019: 0.8×FY 2020: 0.7×FY 2021: 0.6×FY 2022: 0.7×FY 2023: 0.9×FY 2024: 1.0×FY 2025: 1.0×
FY 2016 5y median 0.9× FY 2025
Net Debt / EBITDA 2.4×
FY 2016: 1.6×FY 2017: 1.6×FY 2018: 1.6×FY 2019: 1.9×FY 2020: 1.9×FY 2021: 1.4×FY 2022: 1.7×FY 2023: 2.0×FY 2024: 2.4×FY 2025: 2.4×
FY 2016 5y median 2.0× FY 2025
Interest Coverage 7.2×
FY 2016: 10.5×FY 2017: 10.9×FY 2018: 11.2×FY 2019: 10.4×FY 2020: 8.6×FY 2021: 9.2×FY 2022: 12.5×FY 2023: 9.1×FY 2024: 7.0×FY 2025: 7.2×
FY 2016 5y median 9.1× FY 2025

Dividends

Dividend Yield 2.6%
FY 2016: 1.6%FY 2017: 1.6%FY 2018: 1.8%FY 2019: 1.8%FY 2020: 1.6%FY 2021: 1.6%FY 2022: 1.8%FY 2023: 1.9%FY 2024: 2.3%FY 2025: 2.6%
FY 2016 5y median 1.9% FY 2025
Payout Ratio 46.8%
FY 2016: 31.8%FY 2017: 22.6%FY 2018: 30.8%FY 2019: 36.6%FY 2020: 46.1%FY 2021: 35.5%FY 2022: 39.2%FY 2023: 36.8%FY 2024: 48.1%FY 2025: 46.8%
FY 2016 5y median 39.2% FY 2025

Annual · latest fiscal year ends 2025-12-31