grepcent public filings, reorganized for comparison

CANADIAN NATIONAL RAILWAY CO (CNI)

CIK: 0000016868. SIC: 4011 Railroads, Line-Haul Operating. Latest 10-K as of: 2026-02-04.

SIC breadcrumb: Transportation, Communications, Electric, Gas, And Sanitary Services > Railroad Transportation > SIC 4011 Railroads, Line-Haul Operating

SEC company page: https://www.sec.gov/edgar/browse/?CIK=16868. Latest filing source: 0001104659-26-010352.

Informational only. Descriptive public-record data — not a rating, forecast, or investment advice. See Disclaimer.

At a glance

FY2025 · period end 2025-12-31 · filed 2026-02-04 · accession 0000016868-26-000011 · source: SEC companyfacts

Revenue
17,304,000,000 CAD verified
Net income
4,720,000,000 CAD verified
Assets
58,555,000,000 CAD verified
Free cash flow
3,391,000,000 CAD computed
Net margin
27.28% computed
Operating margin
38.07% computed
Revenue YoY
+1.51% computed
ROE
21.88% computed

Computed values are grepcent-computed from the verified facts above and may differ from ratios the company itself reports. Free cash flow = operating cash flow − capital expenditures. Net margin = net income ÷ revenue. Operating margin = operating income ÷ revenue. Revenue YoY = FY2025 revenue ÷ FY2024 revenue − 1 (consecutive fiscal years only). ROE = net income ÷ period-end stockholders' equity.

Peer groups: North American Class I railroads · SIC 4011 Railroads, Line-Haul Operating

No market price, no rating, no forecast on this site. Not investment advice.

Peer & cluster context

Peer comparisons including CNI

Selected Fundamentals

MetricValueUnitFYFiled
Revenue17,304,000,000CAD20252026-02-04
Net income4,720,000,000CAD20252026-02-04
Assets58,555,000,000CAD20252026-02-04

Financials

Annual standardized facts from SEC companyfacts as of latest extracted filing date 2026-02-04. Source: https://data.sec.gov/api/xbrl/companyfacts/CIK0000016868.json. Derived margins, ratios, and free cash flow are computed from the extracted annual SEC facts.

Download these verified figures (annual + quarterly, with per-value filing provenance): JSON · CSV

Flow metrics use full-year FY periods from 10-K/10-K/A filings; balance-sheet metrics use FY-end instants. Free cash flow = operating cash flow - capital expenditures. Missing metrics are omitted rather than fabricated.

Metric201420152016201720182019202020212022202320242025
Revenue12,037,000,00013,041,000,00014,321,000,00014,917,000,00013,819,000,00017,107,000,00016,828,000,00017,046,000,00017,304,000,000
Net income3,538,000,0003,640,000,0005,484,000,0004,328,000,0004,216,000,0003,562,000,0005,118,000,0005,625,000,0004,448,000,0004,720,000,000
Operating income5,266,000,0005,032,000,0005,243,000,0005,493,000,0005,593,000,0004,777,000,0006,840,000,0006,597,000,0006,247,000,0006,587,000,000
Diluted EPS4.394.677.245.875.835.007.448.537.017.57
Operating cash flow5,140,000,0005,202,000,0005,516,000,0005,918,000,0005,923,000,0006,165,000,0006,667,000,0006,965,000,0006,699,000,0007,049,000,000
Capital expenditures2,706,000,0002,695,000,0002,673,000,0003,531,000,0003,865,000,0002,863,000,0002,750,000,0003,187,000,0003,549,000,0003,658,000,000
Dividends paid996,000,0001,159,000,0001,239,000,0001,333,000,0001,544,000,0001,634,000,0002,004,000,0002,071,000,0002,138,000,0002,208,000,000
Share buybacks1,742,000,0001,992,000,0002,016,000,0002,000,000,0001,700,000,000379,000,0004,709,000,0004,551,000,0002,600,000,0002,059,000,000
Assets31,687,000,00036,402,000,00037,057,000,00037,629,000,00041,214,000,00043,784,000,00044,804,000,00052,666,000,00057,067,000,00058,555,000,000
Liabilities32,549,000,00036,016,000,00036,987,000,000
Stockholders' equity14,841,000,00016,656,000,00017,641,000,00018,041,000,00019,651,000,00022,744,000,00021,384,000,00020,117,000,00021,051,000,00021,568,000,000
Cash and cash equivalents153,000,000176,000,00070,000,000266,000,00064,000,000569,000,000328,000,000475,000,000389,000,000350,000,000
Free cash flow2,434,000,0002,507,000,0002,843,000,0002,387,000,0002,058,000,0003,302,000,0003,917,000,0003,778,000,0003,150,000,0003,391,000,000

Ratios

ROE and ROA use period-end equity/assets. Liabilities / equity uses total liabilities divided by stockholders' equity. Current ratio uses current assets divided by current liabilities when both are reported.

Metric201420152016201720182019202020212022202320242025
Net margin30.24%42.05%30.22%28.26%25.78%29.92%33.43%26.09%27.28%
Operating margin41.80%40.20%38.36%37.49%34.57%39.98%39.20%36.65%38.07%
Return on equity24.53%32.93%24.53%23.37%18.13%23.93%27.96%21.13%21.88%
Return on assets9.72%9.82%14.57%10.50%9.63%7.95%10.68%7.79%8.06%
Liabilities / equity1.621.711.71
Current ratio0.910.720.700.550.780.660.950.610.660.67

Industry Peer Context

Each number-line places CNI against the min, median, and max of latest reported values among companies in the same SIC industry when at least three peers report that ratio.

Net margin peer context

CNI Net margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 4011; peer count 6.CNI Net margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 4011; peer count 6.6 SIC peersMin -30.3%Median 25.4%Max 29.1%CNI 27.3%

Operating margin peer context

CNI Operating margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 4011; peer count 5.CNI Operating margin versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 4011; peer count 5.5 SIC peersMin 32.1%Median 37.2%Max 40.2%CNI 38.1%

ROE peer context

CNI ROE versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 4011; peer count 6.CNI ROE versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 4011; peer count 6.6 SIC peersMin -131.3%Median 20.2%Max 38.7%CNI 21.9%

ROA peer context

CNI ROA versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 4011; peer count 6.CNI ROA versus SIC peer range. Source: grepcent computed from latest SEC companyfacts ratios for SIC industry 4011; peer count 6.6 SIC peersMin -2.6%Median 6.5%Max 10.2%CNI 8.1%

Financial Bridges

Waterfall figures reconcile reported SEC companyfacts components. Missing bridges are omitted when required components are not present for the same fiscal year.

Free cash flow = operating cash flow - capital expenditures

CNI FY2025 free cash flow bridge from reported figures.CNI FY2025 free cash flow bridge from reported figures.CNI free cash flow bridgeFY2025: operating cash flow less capital expendituresSource: SEC companyfacts FY2025.Free cash flow bridgeReported amount (CAD)C$0.0BC$4.0BC$8.0BC$7.0BOperating cash flow-C$3.7BCapexC$3.4BFree cash flow

Figure provenance: SEC companyfacts FY 2025. Operating cash flow: accession 0000016868-26-000011; concept NetCashProvidedByUsedInOperatingActivities; source concepts us-gaap:NetCashProvidedByUsedInOperatingActivities | Capital expenditures: accession 0000016868-26-000011; concept PaymentsToAcquirePropertyPlantAndEquipment; source concepts us-gaap:PaymentsToAcquirePropertyPlantAndEquipment | Free cash flow: accession 0000016868-26-000011; concept NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment; source concepts us-gaap:NetCashProvidedByUsedInOperatingActivities; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment

Financial Charts

CNI revenue, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI revenue, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI RevenueLatest point: FY2025 = C$17.3BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearReported revenue (CAD)C$0.0BC$10.0BC$20.0BFY2020FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: RevenueFromContractWithCustomerExcludingAssessedTax. Source concepts: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

CNI net income, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI net income, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI Net incomeLatest point: FY2025 = C$4.7BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearNet income (CAD)C$0.0BC$3.0BC$6.0BFY2020FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: NetIncomeLoss. Source concepts: us-gaap:NetIncomeLoss.

CNI operating income, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI operating income, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI Operating incomeLatest point: FY2025 = C$6.6BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearOperating income (CAD)C$0.0BC$4.0BC$8.0BFY2020FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: OperatingIncomeLoss. Source concepts: us-gaap:OperatingIncomeLoss.

CNI diluted eps, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI diluted eps, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI Diluted EPSLatest point: FY2025 = C$7.57/shareSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearDiluted EPS (CAD/share)C$0.00/shareC$5.00/shareC$10.00/shareFY2020FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: EarningsPerShareDiluted. Source concepts: us-gaap:EarningsPerShareDiluted.

CNI operating cash flow, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI operating cash flow, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI Operating cash flowLatest point: FY2025 = C$7.0BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearOperating cash flow (CAD)C$0.0BC$4.0BC$8.0BFY2020FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: NetCashProvidedByUsedInOperatingActivities. Source concepts: us-gaap:NetCashProvidedByUsedInOperatingActivities.

CNI capital expenditures, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI capital expenditures, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI Capital expendituresLatest point: FY2025 = C$3.7BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearCapital expenditures (CAD)C$0.0BC$2.0BC$4.0BFY2020FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: PaymentsToAcquirePropertyPlantAndEquipment. Source concepts: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

CNI dividends paid, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI dividends paid, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI Dividends paidLatest point: FY2025 = C$2.2BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearDividends paid (CAD)C$0.0BC$2.0BC$4.0BFY2020FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: PaymentsOfDividendsCommonStock. Source concepts: us-gaap:PaymentsOfDividendsCommonStock.

CNI share buybacks, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI share buybacks, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI Share buybacksLatest point: FY2025 = C$2.1BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearShare buybacks (CAD)C$0.0BC$3.0BC$6.0BFY2020FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: PaymentsForRepurchaseOfCommonStock. Source concepts: us-gaap:PaymentsForRepurchaseOfCommonStock.

CNI assets, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI assets, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI AssetsLatest point: FY2025 = C$58.6BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearAssets (CAD)C$0.0BC$37.5BC$75.0BFY2019FY2020FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: Assets. Source concepts: us-gaap:Assets.

CNI liabilities, last 3 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI liabilities, last 3 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI LiabilitiesLatest point: FY2025 = C$37.0BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearLiabilities (CAD)C$0.0BC$20.0BC$40.0BC$32.5BFY2023C$36.0BFY2024C$37.0BFY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: Liabilities. Source concepts: us-gaap:Liabilities.

CNI stockholders' equity, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI stockholders' equity, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI Stockholders' equityLatest point: FY2025 = C$21.6BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearStockholders' equity (CAD)C$0.0BC$15.0BC$30.0BFY2021FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: StockholdersEquity. Source concepts: us-gaap:StockholdersEquity.

CNI cash and cash equivalents, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI cash and cash equivalents, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI Cash and cash equivalentsLatest point: FY2025 = C$350.0MSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearCash and cash equivalents (CAD)C$0.0BC$375.0MC$750.0MFY2020FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: CashAndCashEquivalentsAtCarryingValue. Source concepts: us-gaap:CashAndCashEquivalentsAtCarryingValue.

CNI free cash flow, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI free cash flow, last 5 periods. Source: SEC companyfacts FY2025; reporting currency: CAD.CNI Free cash flowLatest point: FY2025 = C$3.4BSource: SEC companyfacts FY2025; reporting currency: CAD.Fiscal yearFree cash flow (CAD)C$0.0BC$2.0BC$4.0BFY2020FY2022FY2023FY2024FY2025

Figure provenance: SEC companyfacts. Latest point: FY 2025 ended 2025-12-31; accession 0000016868-26-000011; filed 2026-02-04. Concept: NetCashProvidedByUsedInOperatingActivities - PaymentsToAcquirePropertyPlantAndEquipment. Source concepts: us-gaap:NetCashProvidedByUsedInOperatingActivities; us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

As-reported value updates

2 tracked differences above grepcent's stated thresholds were found between the earliest XBRL-filed value and the value currently on file for the same fiscal period.

View the filing-by-filing ledger →

Quarterly

No clean discrete quarterly SEC companyfacts metrics were extracted for this company.

Latest quarter (10-Q)

No recent 10-Q filing was found in the SEC submissions feed for this filer.

Latest 10-K MD&A

MD&A text quarantined because Item 7 boundaries were low-confidence, or no Item 7 text was extracted. No filing narrative is emitted for this company until the parser has a clean span.

All MD&A years: index.

Macro cross-references for CNI

Indicators mapped to this company's SIC classification (industry 4011 Railroads, Line-Haul Operating) by grepcent's deterministic macro-sector crosswalk. A navigational mapping, not a statistical or causal claim.

Macro-to-micro threads including this sector: Money & trade, Trade & external.

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For LLMs & downloads

Markdown twin: /company/CNI.md · JSON record: /company/CNI.json · verified financials: JSON / CSV · machine TOC for the whole site: /llms.txt