CNI

Canadian National Railway
D

CNI

Arincen67/100B

Canadian National Railway income statement 1995–2026

18.25B CAD over the last twelve months, and 17.29B CAD in fiscal year 2025.

Revenue Operating income Net income

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Fiscal year
TTM
30 Sept 2026
FY2025
31 Dec 2025
FY2024
31 Dec 2024
FY2023
31 Dec 2023
FY2022
31 Dec 2022
FY2021
31 Dec 2021
FY2020
31 Dec 2020
FY2019
31 Dec 2019
FY2018
31 Dec 2018
FY2017
31 Dec 2017
FY2016
31 Dec 2016
Revenue
18.25B17.29B17.05B16.83B17.11B14.48B13.82B14.92B14.32B13.04B12.04B
Revenue growth
+6.09%+1.43%+1.30%-1.63%+18.17%+4.76%-7.36%+4.16%+9.82%+8.34%-4.55%
Cost of revenue
10.17B9.53B10.08B9.68B9.71B8.41B8.05B8.83B8.36B7.37B6.64B
Gross profit
8.08B7.76B6.97B7.15B7.40B6.07B5.77B6.09B5.96B5.68B5.40B
Gross margin
44.28%44.87%40.87%42.49%43.23%41.92%41.76%40.79%41.63%43.52%44.82%
Selling, general and administrative
1.22B1.18B0.00-479.00M-498.00M-407.00M-292.00M-321.00M-302.00M-315.00M-280.00M
Operating expenses
1.22B1.18B720.00M554.00M556.00M453.00M994.00M171.00M167.00M117.00M83.00M
6.87B6.58B6.25B6.60B6.84B5.62B4.78B5.59B5.49B5.24B5.03B
Operating income growth
+5.93%+5.36%-5.31%-3.55%+21.79%+17.56%-14.59%+1.82%+4.77%+4.19%-4.44%
Operating margin
37.62%38.07%36.65%39.20%39.98%38.79%34.57%37.49%38.36%40.20%41.80%
Interest expense
948.12M912.26M891.00M722.00M548.00M610.00M554.00M538.00M489.00M481.00M480.00M
Other non-operating income
-414.13M-322.74M-395.00M-109.00M-77.00M726.00M-256.00M-164.00M189.00M-154.00M-105.00M
Pretax income
6.45B6.26B5.85B6.49B6.76B6.34B4.52B5.43B5.68B5.09B4.93B
Income tax
1.63B1.54B1.40B863.00M1.65B1.44B976.00M1.21B1.35B-395.00M1.29B
Effective tax rate
25.25%24.65%23.99%13.30%24.32%22.75%21.59%22.34%23.83%-7.76%26.12%
4.82B4.72B4.45B5.63B5.12B4.90B3.55B4.22B4.33B5.48B3.64B
Net income growth
+4.44%+6.03%-20.92%+9.91%+4.47%+38.19%-15.92%-2.59%-21.08%+50.66%+2.88%
Net margin
26.42%27.28%26.09%33.43%29.92%33.84%25.65%28.26%30.22%42.05%30.24%
Basic shares
609.23M623.10M633.50M657.70M687.90M710.00M713.00M719.15M737.31M757.30M779.20M
Diluted shares
610.15M623.70M634.50M659.10M688.30M710.30M713.00M719.15M737.70M757.30M779.20M
Change in diluted shares
-2.70%-1.70%-3.73%-4.24%-3.10%-0.38%-0.86%-2.51%-2.59%-2.81%-3.22%
EPS (basic)
7.937.577.028.5310.028.815.005.865.897.244.67
EPS (diluted)
7.907.567.018.537.446.905.005.865.877.244.67
EPS growth
+7.19%+7.85%-17.82%+14.65%+7.83%+38.00%-14.68%-0.17%-18.92%+55.03%+6.38%
Dividends per share
2.632.552.462.322.251.961.731.621.391.271.15
Dividend growth
+5.17%+3.47%+5.92%+3.27%+14.55%+13.40%+6.95%+16.47%+9.20%+10.99%+18.65%
EBITDA
9.15B9.11B8.64B9.03B9.04B8.55B6.66B7.53B7.50B6.85B6.63B
EBITDA margin
50.15%52.68%50.66%53.64%52.84%59.06%48.22%50.47%52.37%52.53%55.10%
EBIT
7.24B7.17B6.74B7.21B7.31B6.95B5.08B5.97B6.17B5.57B5.41B

Figures in CAD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Common questions about Canadian National Railway's income statement

Source: Financial Modeling PrepVerified against SEC filings