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    C

    Canadian National Railway Company (CNI)

    Official site

    INDUSTRIALS • RAILROADS • NYSE

    $120.75
    +0.90 (+0.75%)

    Market Cap: $72.94B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    74%(29/39)
    Avg Surprise
    +1.85%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$2.08
    Range$1.99 - $2.17
    26 analysts
    EPS Revisions
    3
    0
    7d
    3
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$2.01+3.3%
    60d ago$2.09-0.5%
    30d ago$2.09-0.5%
    7d ago$2.08-0.2%
    Current$2.08
    Revenue Consensus
    $4.6B
    Range$4.5B - $4.8B
    23 analysts
    Period ending Dec 31, 2026
    EPS Consensus$2.27
    Range$2.08 - $2.45
    29 analysts
    Revenue Consensus
    $4.9B
    Range$4.5B - $5.4B
    26 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$2.27---
    Sep 26EST
    		-$2.08---
    Jun 26
    Reported Jul 24
    		$1.50$1.39+7.91%Beat-19.8%
    Mar 26
    Reported Apr 29
    		$1.80$1.81-0.55%Miss-2.7%
    Dec 25
    Reported Jan 30
    		$2.08$1.98+5.05%Beat+14.3%
    Sep 25
    Reported Oct 31
    		$1.83$1.77+3.39%Beat+6.4%
    Jun 25
    Reported Jul 22
    		$1.87$1.87+0.00%Beat+1.6%
    Mar 25
    Reported May 1
    		$1.85$1.78+3.93%Beat+7.6%
    Dec 24
    Reported Jan 30
    		$1.82$1.93-5.70%Miss-9.9%
    Sep 24
    Reported Oct 22
    		$1.72$1.70+1.18%Beat+1.8%
    Jun 24
    Reported Jul 23
    		$1.84$1.93-4.66%Miss+4.5%
    Mar 24
    Reported Apr 23
    		$1.72$1.72+0.00%Beat-5.5%
    Dec 23
    Reported Jan 23
    		$2.02$1.98+2.02%Beat-3.8%
    Sep 23
    Reported Oct 24
    		$1.69$1.72-1.74%Miss-20.7%
    Jun 23
    Reported Jul 25
    		$1.76$1.79-1.68%Miss-8.8%
    Mar 23
    Reported Apr 24
    		$1.82$1.72+5.81%Beat+37.9%
    Dec 22
    Reported Jan 24
    		$2.10$2.08+0.96%Beat+22.8%
    Sep 22
    Reported Oct 25
    		$2.13$2.01+5.97%Beat+40.1%
    Jun 22
    Reported Jul 26
    		$1.93$1.76+9.66%Beat+29.5%
    Mar 22
    Reported Apr 26
    		$1.32$1.39-5.04%Miss+7.3%
    Dec 21
    Reported Jan 25
    		$1.71$1.53+11.76%Beat+19.6%
    Sep 21
    Reported Oct 19
    		$1.52$1.42+7.04%Beat+10.1%
    Jun 21
    Reported Jul 20
    		$1.49$1.48+0.68%Beat+16.4%
    Mar 21
    Reported Apr 26
    		$1.23$1.23+0.00%Beat+0.8%
    Dec 20
    Reported Jan 26
    		$1.43$1.42+0.70%Beat+14.4%
    Sep 20
    Reported Oct 20
    		$1.38$1.46-5.48%Miss-16.9%
    Jun 20
    Reported Jul 21
    		$1.28$1.26+1.59%Beat-26.0%
    Mar 20
    Reported Apr 27
    		$1.22$1.11+9.91%Beat+4.3%
    Dec 19
    Reported Jan 28
    		$1.25$1.22+2.46%Beat-16.1%
    Sep 19
    Reported Oct 22
    		$1.66$1.62+2.47%Beat+10.7%
    Jun 19
    Reported Jul 23
    		$1.73$1.66+4.22%Beat+14.6%
    Mar 19
    Reported Apr 29
    		$1.17$1.19-1.68%Miss+17.0%
    Dec 18
    Reported Jan 29
    		$1.49$1.47+1.36%Beat+24.2%
    Sep 18
    Reported Oct 23
    		$1.50$1.47+2.04%Beat+14.5%
    Jun 18
    Reported Jul 24
    		$1.51$1.39+8.63%Beat+12.7%
    Mar 18
    Reported Apr 23
    		$1.00$1.00+0.00%Beat-13.0%
    Dec 17
    Reported Jan 23
    		$1.20$1.23-2.44%Miss-2.4%
    Sep 17
    Reported Oct 24
    		$1.31$1.32-0.76%Miss-
    Jun 17
    Reported Jul 25
    		$1.34$1.32+1.52%Beat-
    Mar 17
    Reported Apr 24
    		$1.15$1.15+0.00%Beat-
    Dec 16
    Reported Jan 24
    		$1.23$1.21+1.65%Beat-

    Dividends

    Dividend Metrics

    Forward Yield2.20%
    Forward Annual Dividend$2.65
    Payout Ratio42.43%
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+14.92%
    5Y CAGR+7.87%
    CNI dividend history and ex-dividend datesRun CNI in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio21.02EV/EBITDA12.46x
    Price/FCF24.08xFCF Yield4.15%
    Profitability
    Profit Margin26.90%Operating Margin40.30%
    ROE22.00%ROIC13.54%
    Financial Health
    Debt/Equity1.02xInterest Coverage8.15x
    Current Ratio0.87xQuick Ratio0.61x
    Trading Statistics
    Beta0.99Avg Volume1.09M
    52-Week High$130.8452-Week Low$88.61

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$118.59
    SMA 20$119.00
    SMA 50$122.16
    SMA 200$113.37
    EMA 10$119.06
    EMA 20$119.44
    EMA 50$120.77
    EMA 200$114.77

    MACD

    Line: -0.76Signal: -1.14Hist: 0.38

    ADX

    ADX: 30.1+DI: 20.3-DI: 21.0

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down80.0
    PSAR$115.10

    Bollinger Bands

    Upper Band$121.88
    Lower Band$116.12
    %B Position484%(Upper)
    Band Width0.80

    RSI (14-Day)

    Neutral
    53.2

    Momentum Oscillators

    Stoch %K74.0
    Stoch %D62.9
    Williams %R-12.1
    ROC (10d)3.1%
    Momentum3.59
    CCI (20d)118.4
    MFI (14d)57.2

    Volatility Measures

    ATR (14d)$2.04(1.7%)
    StdDev (20d)1.44
    Hist Vol17.8%(Low)

    Volume Flow

    VWAP$120.77
    OBV53.2M
    AD Line-617.9M
    CMF (20d)0.105

    Volume Metrics

    Avg Vol (20d)1.0M
    Vol Ratio1.0x
    VWMA (20d)$119.14

    Pivot Points

    R3$122.92
    R2$121.48
    R1$120.67
    Pivot Point$119.23
    S1$118.42
    S2$116.98
    S3$116.17

    Advanced Oscillators

    TSI-10.53
    Ultimate Osc60.9
    KST-31.66

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$4.76B$4.39B$4.46B$4.17B$4.27B$4.40B$4.36B$4.11B$4.33B$4.25B$4.47B$3.99B
    Cost of Revenue$2.68B$2.51B$2.40B$2.30B$2.44B$2.63B$2.55B$2.45B$2.54B$2.54B$2.50B$2.34B
    Gross Profit$2.08B$1.88B$2.07B$1.87B$1.83B$1.78B$1.81B$1.66B$1.79B$1.71B$1.97B$1.65B
    Operating Expenses$297.13M$326.84M$333.73M$264.37M$189.00M$167.00M$181.00M$147.00M$229.00M$163.00M$150.00M$131.00M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$1.02B$918.00M$967.00M$1.04B$981.00M$114.00M$114.00M$113.00M$119.00M$121.00M
    Operating Income$1.78B$1.55B$1.73B$1.61B$1.64B$1.61B$1.63B$1.51B$1.56B$1.55B$1.82B$1.52B
    Interest Income$0$0$234.00M$187.00M$269.00M$206.00M$231.00M$230.00M$0$0$0$185.00M
    Interest Expense$241.10M$234.60M$233.81M$162.99M$219.00M$233.00M$231.00M$230.00M$220.00M$210.00M$199.00M$185.00M
    Income Before Tax$1.68B$1.52B$1.67B$1.51B$1.56B$1.53B$1.51B$1.41B$1.48B$1.45B$1.87B$1.45B
    Income Tax Expense$431.19M$375.97M$420.66M$368.00M$389.00M$366.00M$362.00M$324.00M$370.00M$348.00M$-258,000,000$343.00M
    Net Income$1.25B$1.15B$1.25B$1.14B$1.17B$1.16B$1.15B$1.08B$1.11B$1.10B$2.13B$1.11B
    EBITDA$2.27B$2.24B$2.36B$2.17B$2.27B$2.25B$2.23B$2.11B$2.17B$2.12B$2.53B$2.09B
    EBIT$1.78B$1.76B$1.90B$1.67B$1.78B$1.76B$1.74B$1.64B$1.70B$1.66B$2.07B$1.64B
    * Some calculated fields are derived from available data when not provided by source

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    News

    Canadian National Railway stock: Scotiabank trims target to CAD 198.00

    Scotiabank has lowered its price target for Canadian National Railway (CNI) from CAD 199.00 to CAD 198.00, while maintaining an "Outperform" rating. The stock traded at CAD 171.95 on October 16, 2026...

    ad-hoc-news.de•10/16/26•Neutral

    Canadian National Railway Company $CNI Stock Acquired by Triasima Portfolio Management inc.

    Triasima Portfolio Management inc. significantly increased its stake in Canadian National Railway Company (NYSE:CNI) by 35.6% in the third quarter...

    MarketBeat•10/16/26•Somewhat-Bullish

    Scotiabank lowers CN target to C$198: Canadian National Railway stock pre-market at EUR 107.63

    Scotiabank has lowered its price target for Canadian National Railway (CN) to C$198 from C$199, while maintaining an Outperform rating. The stock traded pre-market at EUR 107.63 on October 16. Canadian National Railway...

    ad-hoc-news.de•10/16/26•Somewhat-Bearish

    Canadian National Railway (TSE:CNR) Price Target Cut to C$198.00 by Analysts at Scotiabank

    Scotiabank has lowered its price target for Canadian National Railway (TSE:CNR) to C$198.00 from C$199.00, while maintaining a "sector outperform" rating...

    MarketBeat•10/15/26•Somewhat-Bullish

    Canadian National Railway Co. stock rises Thursday, still underperforms market

    Canadian National Railway Co. (CNR) stock increased by 0.46% on Thursday, closing at C$171.56, despite a broader market rise where the S&P/TSX Composite Index gained 1.55%. The company's stock still remains 7.4% below...

    MarketWatch•10/15/26•Neutral

    CNI Valuation and Fair Value

    P/E
    21.0x
    Forward P/E
    18.9x
    EV/EBITDA
    12.5x
    P/FCF
    24.1x
    PEG
    2.4x
    P/B
    4.8x
    See GNG's fair value

    CNI Profitability: Margins, ROIC and FCF

    Gross margin
    44.6%
    Operating margin
    40.3%
    Net margin
    26.9%
    ROIC
    13.5%
    ROE
    22.0%
    FCF margin
    25.4%
    FCF yield
    4.2%

    CNI Competitors

    CompanyTicker
    Norfolk Southern CorporationNSC
    Northrop Grumman CorporationNOC
    Cummins IncCMI
    Republic Services IncRSG
    Canadian Pacific Kansas City LimitedCP
    FedEx CorporationFDX
    Illinois Tool Works IncITW
    Bloom Energy CorpBE

    Sector: Industrials

    CNI Analyst Ratings

    Consensus
    Buy
    Analysts
    30
    Strong Buy
    5
    Buy
    10
    Hold
    14
    Sell
    1
    Strong Sell
    0

    CNI Bull Case vs Bear Case

    Bull case

    • CNI converts 25.4% of revenue into free cash flow.
    • CNI has a 26.9% net profit margin.
    • CNI grew quarterly revenue 11.3% year over year.

    CNI Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    1.9%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $2.08
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    3 up, 1 down

    CNI Dividend

    Forward yield
    2.2%
    Payout ratio
    42.4%
    3Y DPS growth
    14.9%
    5Y DPS growth
    7.9%
    Pay months
    Mar, Jun, Sep, Dec
    CNI dividend history

    Frequently Asked Questions About CNI

    What is CNI's current dividend yield?

    Canadian National Railway Company (CNI) has a forward dividend yield of 2.20%.

    Does CNI pay dividends?

    Yes, Canadian National Railway Company pays dividends with a forward dividend yield of 2.20%.

    What is CNI's P/E ratio?

    Canadian National Railway Company has a price-to-earnings (P/E) ratio of 21.02.

    What is CNI's market cap?

    Canadian National Railway Company (CNI) has a market capitalization of $72.94B with a current stock price of $120.75.

    Related stocks

    Sector: Industrials

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