Canadian National Railway Company (CNI) — Financial statements
Income statement, balance sheet, and cash flow for Canadian National Railway Company — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 17,290↑1.4% | 17,046↑1.3% | 16,828↓1.6% | 17,107↑18.2% | 14,477 | |
| Cost of Revenue | 9,532↓5.4% | 10,079↑4.2% | 9,677↓0.4% | 9,711↑15.5% | 8,408 | |
| Gross Profit | 7,758↑11.3% | 6,967↓2.6% | 7,151↓3.3% | 7,396↑21.9% | 6,069 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00↑100.0% | -479↑3.8% | -498↓22.4% | -407 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 1,176 | 0.00↑100.0% | -479↑3.8% | -498↓22.4% | -407 | |
| Other Expenses | 0.00↓100.0% | 720↓30.3% | 1,033↓2.0% | 1,054↑22.6% | 860 | |
| Operating Expenses | 1,176↑63.3% | 720↑30.0% | 554↓0.4% | 556↑22.7% | 453 | |
| Total Costs & Expenses | 10,708↓0.8% | 10,799↑5.6% | 10,231↓0.4% | 10,267↑15.9% | 8,861 | |
| Operating Results | ||||||
| Operating Income | 6,582↑5.4% | 6,247↓5.3% | 6,597↓3.6% | 6,840↑21.8% | 5,616 | |
| Depreciation & Amortization | 1,936↑2.3% | 1,892↑4.1% | 1,817↑5.1% | 1,729↑8.2% | 1,598 | |
| EBITDA | 9,108↑5.5% | 8,635↓4.3% | 9,027↓0.1% | 9,040↑5.7% | 8,550 | |
| EBIT | 7,171↑6.3% | 6,743↓6.5% | 7,210↓1.4% | 7,311↑5.2% | 6,952 | |
| Interest & Other Income | ||||||
| Net Interest Income | -912↓2.4% | -891↓23.4% | -722↓31.8% | -548↑10.2% | -610 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 912↑2.4% | 891↑23.4% | 722↑31.8% | 548↓10.2% | 610 | |
| Non-Operating Income | -590↓18.9% | -496↑19.1% | -613↓30.1% | -471↑64.7% | -1,336 | |
| Other Income / Expenses | -323↑18.3% | -395↓262.4% | -109↓41.6% | -77↓110.6% | 726 | |
| Income Before Tax | 6,259↑7.0% | 5,852↓9.8% | 6,488↓4.1% | 6,763↑6.6% | 6,342 | |
| Income Tax Expense | 1,543↑9.9% | 1,404↑62.7% | 863↓47.5% | 1,645↑14.0% | 1,443 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 4,716↑6.0% | 4,448↓20.9% | 5,625↑9.9% | 5,118↑4.5% | 4,899 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 4,716↑6.0% | 4,448↓20.9% | 5,625↑9.9% | 5,118↑4.5% | 4,899 | |
| Bottom-Line Net Income | 4,720↑6.1% | 4,448↓20.9% | 5,625↑9.9% | 5,118↑4.5% | 4,899 | |
| EPS (Basic) | 7.57↑7.8% | 7.02↓17.7% | 8.53↓14.9% | 10.02↑13.7% | 8.81 | |
| EPS (Diluted) | 7.56↑7.8% | 7.01↓17.8% | 8.53↑14.7% | 7.44↑7.8% | 6.90 | |
| Weighted Average Shares | 623↓1.6% | 634↓3.7% | 658↓4.4% | 688↓3.1% | 710 | |
| Weighted Average Diluted Shares | 624↓1.7% | 635↓3.7% | 659↓4.2% | 688↓3.1% | 710 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.