profit from every $100 of sales.
$0$100
Canadian National Railway
$127.18-0.47% today
+31.6% in 1 year
1-year low $90.911-year high $130.58
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $23.06 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Canadian National Railway sold, what it kept, and what it did with the cash.
Sales went from CA$17.1 billion in 2022 to CA$17.3 billion in 2025, with CA$4.72 billion of profit last year.
SalesProfit
Canadian National Railway handed back more cash to shareholders than it generated last year.
Buybacks CA$2.1BCA$2.2B
Free cash flow 2025CA$3.4B
Bought back its own sharesCA$2.1B
Paid as dividendsCA$2.2B
Cash vs. debtCA$350M vs. CA$21.6B
Canadian National Railway vs. similar companies
Canadian National Railway grows the slowest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Canadian National Railway | 23.1× · Fair price | ||
 Union Pacific | 25.2× · Fair price | ||
 CSX | 33.2× · Expensive | ||
 Canadian Pacific Kansas City | 28.2× · Fair price | ||
 Norfolk Southern | 25.6× · Fair price |
AI analysis
An AI analyst reads Canadian National Railway's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 17,107 | 16,828 | 17,046 | 17,304 | |
| 7,396 | 7,151 | 6,967 | 7,332 | |
| 6,840 | 6,597 | 6,325 | 6,587 | |
| 9,040 | 9,027 | 8,635 | 9,115 | |
| 5,118 | 5,625 | 4,448 | 4,720 | |
| 7.44 | 8.53 | 7.01 | 7.57 | |
| 43.2% | 42.5% | 40.9% | 42.4% | |
| 40.0% | 39.2% | 37.1% | 38.1% | |
| 29.9% | 33.4% | 26.1% | 27.3% |
Balance sheet
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 50,662 | 52,666 | 57,067 | 58,555 |
| Cash | 328 | 475 | 389 | 350 |
| Total debt | 15,895 | 18,888 | 21,371 | 21,630 |
| Total liabilities | 29,278 | 32,549 | 36,016 | 36,987 |
| 21,384 | 20,117 | 21,051 | 21,568 | |
| 688 | 659 | 635 | 624 | |
| 15.5% | 14.6% | 12.6% | 13.1% | |
| 23.9% | 28.0% | 21.1% | 21.9% |
Cash flow
| In millions of CAD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 6,667 | 6,965 | 6,699 | 7,049 | |
| 2,750 | 3,187 | 3,549 | 3,658 | |
| 3,917 | 3,778 | 3,150 | 3,391 | |
| Dividends paid | 2,004 | 2,071 | 2,138 | 2,208 |
| 4,814 | 4,579 | 2,650 | 2,115 | |
| – | – | – | – |
Valuation
- 23.1×
- 15.8×
- 39.82
- 4.9×
- 6.3×
- 32.1×
- 14.3×
- 3.1%
- 4.3%
- 2.0%
Profitability
- 42.4%
- 38.1%
- 27.3%
- 51.6%
- 13.5%
- 14.3%
- 21.9%
- 7.9%
- 11.9%
- –
Growth
- +0.4%
- +0.6%
- +7.6%
- +8.0%
- −3.2%
Financial health
- 2.3×
- 1.00
- 37.9%
- 7.9×
- 0.67
- 0.49
- 0.29
How it ranks in Industrials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 21%of 979
Top 2%of 984
Bottom 46%of 866
Bottom 16%of 983
Bottom 44%of 987
What analysts expect
- Average price target
- $99.50
- Range
- $99.00 – $100.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 29, 2026 | 1.31 | 1.31 | +0.0% |
| Jan 30, 2026 | 1.49 | 1.43 | +4.2% |
| Oct 31, 2025 | 1.33 | 1.28 | +3.9% |
| Jul 22, 2025 | 1.35 | 1.37 | −1.5% |
| May 1, 2025 | 1.29 | 1.26 | +2.4% |
| Jan 30, 2025 | 1.30 | 1.37 | −5.1% |
| Oct 22, 2024 | 1.26 | 1.28 | −1.6% |
| Jul 23, 2024 | 1.35 | 1.41 | −4.3% |
2.0%of the share price, paid each year
On $1,000 invested$20a year at today's yield, before tax
+8.0%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.97 in 2015 → $2.55 in 2025
How safe it looks
46.8% of its profit
Room to growStretchedMore than it earns: 65.1%
News
Finning targets Canadian data center genset delivery by end of next year as backlog reaches $4.1BSeeking Alpha · Nov 10, 2026Cenovus says widest Canadian crude discount since 2018 temporary, will not change production plansSeeking Alpha · Nov 4, 2026CIBC names former Canadian finance minister as its next chairSeeking Alpha · Oct 30, 2026Celestica gets approval from Canadian exchange to repurchase up to 3.13M sharesSeeking Alpha · Oct 30, 2026Some Republicans are opposing Trump on tariffs. Maine’s Susan Collins just got him to back down on Canadian levies.MarketWatch · Oct 26, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
55No pass
Benjamin Graham
45No pass
Philip Fisher
59No pass
Peter Lynch
21No pass
Joel Greenblatt
36No pass
Charlie Munger
58No pass
Terry Smith
47No pass
Questions about Canadian National Railway
Is Canadian National Railway a good stock to buy?
A strong, very profitable business at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Canadian National Railway AI analysis
What does Canadian National Railway do?
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States. It is in Railroads, based in Montreal, QC, Canada, with 23,541 employees.
Does Canadian National Railway pay a dividend?
Yes. At today's price the dividend is 2.0% a year, about 47% of its yearly profit. In 2025 it paid out $2.21 billion in dividends.
Is Canadian National Railway stock halal?
Yes. Canadian National Railway passes our halal screen: its business is permitted and its debt is 20% of its market value, under the 30% limit. How we check
How has Canadian National Railway stock done over the past year?
Up 31.6% over the past twelve months, to $127.18. It traded between $90.91 and $130.58 and is 2.6% below its high.
Who are Canadian National Railway's competitors?
The largest listed companies in the same industry are Union Pacific, CSX, Canadian Pacific Kansas City and Norfolk Southern. The peers table on this page compares their profit, growth and price with Canadian National Railway's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.