Security
Canadian National Railway · CNI
CNINYSECommon stockCurrentCIK 16868Updated Nov 2, 2026
CNI price & chart
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NYSE:CNI on TradingView ↗In the news
Le CN fait état du transport de céréales au troisième trimestre ↗
CN Reports a Record 2025-26 Crop Year ↗
CN Releases 2026–2027 Grain Plan: Strengthening Canada’s Supply Chain ↗
Seeking Alpha
CN reaffirms mid- to high single-digit 2026 EPS growth as Elk Valley change seen at $0.03 EPS in 2027 ↗
Canadian National Railway Company (CNR:CA) Q3 2026 Earnings Call Transcript ↗
Canadian National Railway declares CAD 0.915 dividend ↗
SEC disclosures
CANADIAN NATIONAL RAILWAY CO IPO declared effective by SEC ↗
Financials
FY 2025 · CADSource
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balance sheet · annual statements
| Line item | Q3 2009 | Q3 2008 | Q2 2009 | Q2 2008 | FY 2025 | FY 2024 | FY 2023 | FY 2020 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| AssetsCAD | 25,752,000,000Source | 24,964,000,000Source | 26,737,000,000Source | 24,353,000,000Source | 58,555,000,000Source | 57,067,000,000Source | 52,666,000,000Source | 44,804,000,000Source |
| GoodwillCAD | — | — | — | — | 100,000,000Source | 71,000,000Source | 70,000,000Source | 70,000,000Source |
| Current assets: | ||||||||
| Cash and Cash Equivalents, at Carrying ValueCAD | 233,000,000Source | 288,000,000Source | 431,000,000Source | 161,000,000Source | 350,000,000Source | 389,000,000Source | 475,000,000Source | 569,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentCAD | 849,000,000Source | 657,000,000Source | 865,000,000Source | 843,000,000Source | 1,117,000,000Source | 1,164,000,000Source | 1,300,000,000Source | 1,054,000,000Source |
| Assets, CurrentCAD | 1,449,000,000Source | 1,358,000,000Source | 1,763,000,000Source | 1,376,000,000Source | 2,471,000,000Source | 2,619,000,000Source | 3,089,000,000Source | 3,102,000,000Source |
| Prepaid Expense and Other Assets, CurrentCAD | — | — | — | — | 257,000,000Source | 334,000,000Source | 166,000,000Source | 365,000,000Source |
| Operating Lease, Right-of-Use AssetCAD | — | — | — | — | 440,000,000Source | 485,000,000Source | 424,000,000Source | 435,000,000Source |
| Other Assets, NoncurrentCAD | 1,849,000,000Source | 2,134,000,000Source | 1,814,000,000Source | 2,113,000,000Source | 49,000,000Source | 12,000,000Source | 12,000,000Source | 22,000,000Source |
| LIABILITIES AND EQUITY | ||||||||
| LiabilitiesCAD | — | — | — | — | 36,987,000,000Source | 36,016,000,000Source | 32,549,000,000Source | — |
| Stockholders’ equity: | ||||||||
| Common Stock, Value, IssuedCAD | 4,239,000,000Source | 4,171,000,000Source | 4,203,000,000Source | 4,208,000,000Source | 3,454,000,000Source | 3,474,000,000Source | 3,512,000,000Source | 3,698,000,000Source |
| Additional Paid in CapitalCAD | — | — | — | — | 415,000,000Source | 372,000,000Source | 373,000,000Source | 379,000,000Source |
| Retained Earnings (Accumulated Deficit)CAD | 7,452,000,000Source | 6,073,000,000Source | 7,110,000,000Source | 5,902,000,000Source | 18,918,000,000Source | 18,354,000,000Source | 18,655,000,000Source | 19,161,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxCAD | -288,000,000Source | 54,000,000Source | -207,000,000Source | -1,000,000Source | -1,067,000,000Source | -1,020,000,000Source | -2,279,000,000Source | -3,472,000,000Source |
| Stockholders' Equity Attributable to ParentCAD | — | — | 11,106,000,000Source | 10,109,000,000Source | 21,568,000,000Source | 21,051,000,000Source | 20,117,000,000Source | 19,651,000,000Source |
| Liabilities and EquityCAD | 25,752,000,000Source | 24,964,000,000Source | 26,737,000,000Source | 24,353,000,000Source | 58,555,000,000Source | 57,067,000,000Source | 52,666,000,000Source | 44,804,000,000Source |
| Current liabilities: | ||||||||
| Liabilities, CurrentCAD | 1,248,000,000Source | 1,778,000,000Source | 1,776,000,000Source | 1,374,000,000Source | 3,696,000,000Source | 3,976,000,000Source | 5,035,000,000Source | 3,274,000,000Source |
| Operating Lease, Liability, CurrentCAD | — | — | — | — | 108,000,000Source | 134,000,000Source | 117,000,000Source | 107,000,000Source |
| Operating Lease, Liability, NoncurrentCAD | — | — | — | — | 316,000,000Source | 343,000,000Source | 298,000,000Source | 311,000,000Source |
| Deferred Income Tax Liabilities, NetCAD | — | — | — | — | 11,223,000,000Source | 10,874,000,000Source | 10,066,000,000Source | 8,271,000,000Source |
| Other Liabilities, NoncurrentCAD | 1,227,000,000Source | 1,378,000,000Source | 1,319,000,000Source | 1,381,000,000Source | 999,000,000Source | 612,000,000Source | 522,000,000Source | 534,000,000Source |
| Additional Financial Items | ||||||||
| Deferred Tax Liabilities, NetCAD | — | — | — | — | 10,612,000,000Source | 10,185,000,000Source | 9,384,000,000Source | 8,271,000,000Source |
| Long-term DebtCAD | — | — | — | — | 21,201,000,000Source | 20,887,000,000Source | 18,435,000,000Source | 12,832,000,000Source |
| Property, Plant and Equipment, Net | —Source | —Source | —Source | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2009 | Q4 2008 | Q3 2009 | Q3 2008 | Q2 2009 | Q2 2008 | FY 2025 | FY 2024 | FY 2023 | FY 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
| Depreciation, Depletion and AmortizationCAD | — | — | 191,000,000Source | 177,000,000Source | 199,000,000Source | 176,000,000Source | 1,938,000,000Source | 1,892,000,000Source | 1,817,000,000Source | 1,589,000,000Source |
| Changes in operating assets and liabilities: | ||||||||||
| Increase (Decrease) in Accounts ReceivableCAD | — | — | 31,000,000Source | -209,000,000Source | -28,000,000Source | 233,000,000Source | -92,000,000Source | -205,000,000Source | -71,000,000Source | -158,000,000Source |
| Deferred Income Tax Expense (Benefit)CAD | — | — | 96,000,000Source | 73,000,000Source | 40,000,000Source | 89,000,000Source | 334,000,000Source | 325,000,000Source | -288,000,000Source | 487,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesCAD | — | — | 650,000,000Source | 957,000,000Source | 632,000,000Source | 409,000,000Source | 7,049,000,000Source | 6,699,000,000Source | 6,965,000,000Source | 6,165,000,000Source |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredCAD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 390,000,000Source | 8,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesCAD | — | — | -322,000,000Source | -393,000,000Source | -236,000,000Source | -343,000,000Source | -3,713,000,000Source | -3,607,000,000Source | -3,468,000,000Source | -2,946,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesCAD | — | — | -13,000,000Source | -22,000,000Source | -33,000,000Source | -9,000,000Source | 55,000,000Source | 58,000,000Source | 20,000,000Source | 75,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentCAD | — | — | 342,000,000Source | 415,000,000Source | 309,000,000Source | 352,000,000Source | 3,658,000,000Source | 3,549,000,000Source | 3,187,000,000Source | 2,863,000,000Source |
| Cash flows from financing activities: | ||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementCAD | — | — | — | — | — | — | 9,000,000Source | 52,000,000Source | 51,000,000Source | 48,000,000Source |
| Payments for Repurchase of Common StockCAD | — | — | — | — | — | — | 2,059,000,000Source | 2,600,000,000Source | 4,551,000,000Source | 379,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesCAD | — | — | -511,000,000Source | -441,000,000Source | -292,000,000Source | -237,000,000Source | -3,371,000,000Source | -3,620,000,000Source | -3,406,000,000Source | -2,707,000,000Source |
| Payments of Ordinary Dividends, Common StockCAD | — | — | 119,000,000Source | 108,000,000Source | 118,000,000Source | 109,000,000Source | 2,208,000,000Source | 2,138,000,000Source | 2,071,000,000Source | 1,634,000,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesCAD | — | — | — | — | — | — | -56,000,000Source | -50,000,000Source | -28,000,000Source | -14,000,000Source |
| Repayments of Long-term DebtCAD | — | — | 611,000,000Source | 798,000,000Source | 187,000,000Source | 1,418,000,000Source | 446,000,000Source | 1,038,000,000Source | 250,000,000Source | 1,221,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectCAD | — | — | — | — | — | — | -38,000,000Source | -523,000,000Source | 90,000,000Source | 512,000,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsCAD | — | — | — | — | — | — | 363,000,000Source | 401,000,000Source | 924,000,000Source | 1,100,000,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesCAD | — | — | 107,000,000Source | 82,000,000Source | 93,000,000Source | 90,000,000Source | 979,000,000Source | 926,000,000Source | 776,000,000Source | 551,000,000Source |
| Income Taxes Paid, NetCAD | — | — | 37,000,000Source | 110,000,000Source | 72,000,000Source | 117,000,000Source | 935,000,000Source | 1,221,000,000Source | 1,197,000,000Source | 353,000,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsCAD | — | — | — | — | — | — | -3,000,000Source | 5,000,000Source | -1,000,000Source | 0Source |
| Additional Financial Items | ||||||||||
| Share-based Payment Arrangement, ExpenseCAD | — | — | — | — | — | — | 106,000,000Source | 74,000,000Source | 64,000,000Source | 64,000,000Source |
| DepreciationCAD | — | — | — | — | — | — | — | — | — | 1,583,000,000Source |
| Environmental Remediation ExpenseCAD | — | — | — | — | — | — | 48,000,000Source | 47,000,000Source | 32,000,000Source | 25,000,000Source |
| Equity Securities, FV-NI, Gain (Loss)CAD | — | — | — | — | — | — | — | 0Source | 0Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxCAD | — | — | — | — | — | — | 32,000,000Source | 12,000,000Source | 7,000,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentCAD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 129,000,000Source | 0Source |
| GoodwillCAD | — | — | — | — | — | — | 100,000,000Source | 71,000,000Source | 70,000,000Source | 70,000,000Source |
| Income Tax Expense (Benefit)CAD | — | — | 152,000,000Source | 204,000,000Source | 97,000,000Source | 170,000,000Source | 1,544,000,000Source | 1,404,000,000Source | 863,000,000Source | 982,000,000Source |
| InterestExpenseNonoperatingCAD | — | — | — | — | — | — | 913,000,000Source | 891,000,000Source | 722,000,000Source | — |
| Net Income (Loss) Attributable to ParentCAD | — | — | 461,000,000Source | 552,000,000Source | 387,000,000Source | 459,000,000Source | 4,720,000,000Source | 4,448,000,000Source | 5,625,000,000Source | 3,562,000,000Source |
| Nonoperating Income (Expense)CAD | — | — | — | — | — | — | 88,000,000Source | 42,000,000Source | 134,000,000Source | 6,000,000Source |
| Other Nonoperating Income (Expense)CAD | — | — | 21,000,000Source | 4,000,000Source | 9,000,000Source | 9,000,000Source | 88,000,000Source | 42,000,000Source | 134,000,000Source | -5,000,000Source |
| Proceeds from Issuance of Long-term DebtCAD | — | — | 185,000,000Source | 778,000,000Source | 0Source | 1,597,000,000Source | 1,965,000,000Source | 3,483,000,000Source | 2,554,000,000Source | 1,789,000,000Source |
| Proceeds from Stock Options ExercisedCAD | — | — | — | — | — | — | 56,000,000Source | 41,000,000Source | 49,000,000Source | 56,000,000Source |
| Operating Expenses | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2009 | Q4 2008 | Q3 2009 | Q3 2008 | Q2 2009 | Q2 2008 | FY 2025 | FY 2024 | FY 2023 | FY 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueCAD | — | — | — | — | — | — | 17,304,000,000Source | 17,046,000,000Source | 16,828,000,000Source | 13,819,000,000Source |
| Operating Income (Loss)CAD | — | — | 689,000,000Source | 844,000,000Source | 583,000,000Source | 707,000,000Source | 6,587,000,000Source | 6,247,000,000Source | 6,597,000,000Source | 4,777,000,000Source |
| Other Nonoperating Income (Expense)CAD | — | — | 21,000,000Source | 4,000,000Source | 9,000,000Source | 9,000,000Source | 88,000,000Source | 42,000,000Source | 134,000,000Source | -5,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestCAD | — | — | — | — | — | — | 6,264,000,000Source | 5,852,000,000Source | 6,488,000,000Source | 4,544,000,000Source |
| Income Tax Expense (Benefit)CAD | — | — | 152,000,000Source | 204,000,000Source | 97,000,000Source | 170,000,000Source | 1,544,000,000Source | 1,404,000,000Source | 863,000,000Source | 982,000,000Source |
| Net Income (Loss) Attributable to ParentCAD | — | — | 461,000,000Source | 552,000,000Source | 387,000,000Source | 459,000,000Source | 4,720,000,000Source | 4,448,000,000Source | 5,625,000,000Source | 3,562,000,000Source |
| Earnings Per Share, BasicCAD/shares | — | — | — | — | — | — | 7.58Source | 7.02Source | 8.55Source | 5.01Source |
| Earnings Per Share, DilutedCAD/shares | — | — | — | — | — | — | 7.57Source | 7.01Source | 8.53Source | 5Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | — | — | — | — | 623,100,000Source | 633,500,000Source | 657,700,000Source | 711,300,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | — | — | — | — | 623,700,000Source | 634,500,000Source | 659,100,000Source | 713,000,000Source |
| Interest Expense (non-operating)CAD | — | — | — | — | — | — | 913,000,000Source | 891,000,000Source | 722,000,000Source | — |
| Additional Financial Items | ||||||||||
| Common Stock, Dividends, Per Share, DeclaredCAD/shares | — | — | — | — | — | — | 3.55Source | 3.38Source | 3.16Source | 2.3Source |
| Costs and ExpensesCAD | — | — | — | — | — | — | 10,717,000,000Source | 10,799,000,000Source | 10,231,000,000Source | 9,042,000,000Source |
| Current Income Tax Expense (Benefit)CAD | — | — | — | — | — | — | 1,210,000,000Source | 1,079,000,000Source | 1,151,000,000Source | 495,000,000Source |
| Depreciation, Depletion and Amortization, NonproductionCAD | — | — | 191,000,000Source | 177,000,000Source | 199,000,000Source | 176,000,000Source | — | — | — | 1,589,000,000Source |
| Environmental Remediation ExpenseCAD | — | — | — | — | — | — | 48,000,000Source | 47,000,000Source | 32,000,000Source | 25,000,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxCAD | — | — | — | — | — | — | 32,000,000Source | 12,000,000Source | 7,000,000Source | — |
| Fuel CostsCAD | — | — | 192,000,000Source | 390,000,000Source | 174,000,000Source | 399,000,000Source | 1,786,000,000Source | 2,060,000,000Source | 2,097,000,000Source | 1,152,000,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticCAD | — | — | — | — | — | — | 4,906,000,000Source | 4,540,000,000Source | 4,936,000,000Source | 3,637,000,000Source |
| Interest ExpenseCAD | — | — | 97,000,000Source | 92,000,000Source | 108,000,000Source | 87,000,000Source | — | — | — | 554,000,000Source |
| Labor and Related ExpenseCAD | — | — | 416,000,000Source | 424,000,000Source | 413,000,000Source | 392,000,000Source | 3,510,000,000Source | 3,422,000,000Source | 3,150,000,000Source | 2,723,000,000Source |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentCAD | — | — | — | — | — | — | -502,000,000Source | -454,000,000Source | -479,000,000Source | -315,000,000Source |
| Nonoperating Income (Expense)CAD | — | — | — | — | — | — | 88,000,000Source | 42,000,000Source | 134,000,000Source | 6,000,000Source |
| Other ExpensesCAD | — | — | — | — | — | — | 745,000,000Source | 642,000,000Source | 554,000,000Source | — |
| Total Revenue | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
| Operating Expenses | — | — | —Source | —Source | —Source | —Source | — | — | — | — |
Filing attachments
tm2613737d4_ex99-1.htm · 6-K · 2026-05-08
Exhibit 99.1 NEWS RELEASE CN Announces US$750 Million Debt Offering MONTREAL, May 7, 2026 - CN (TSX: CNR) (NYSE: CNI) today announced a public debt offering of US$750 million comprised of US$300 million aggregate principal amount of 4.350% Notes due 2029 and US$450 million aggregate principal amount of 4.950% Notes due 2036. CN expects to close the offering on May 12, 2026, subject to the satisfaction of customary closing conditions. CN plans to use the net proceeds from the offering for gen…
Read attachment ↗tm263237d9_ex99-1.htm · 6-K · 2026-03-25
Exhibit 99.1 For the purposes of: 1. Receiving the consolidated financial statements for the year ended December 31, 2025, and the auditors’ reports thereon (for details, see subsection “Financial Statements” under the “Business of the Meeting” section of the management information circular dated March 9, 2026 (the “Information Circular”)); 2. Electing the directors (for details, see subsection “Election of Directors” under the “Business of the Meeting” section of the Information Ci…
Read attachment ↗tm263237d9_ex99-2.htm · 6-K · 2026-03-25
Exhibit 99.2 Notice of Annual Meeting of Shareholders When Friday, May 1, 2026 at 10:00 a.m. (Eastern Daylight Time) Where Via live webcast online at meetings.lumiconnect.com/400-581-822-621. We look forward to your participation at the meeting. Through our live webcast, you will be able to attend the meeting live, submit questions in writing or orally and vote your shares. Business of the Meeting 1. Receiving our consolidated financial statements for the year ended December 31,…
Read attachment ↗tm264473d2_ex99-1.htm · 6-K · 2026-01-30
Exhibit 99.1 Issuer Name: Canadian National Railway Company Stock Symbol: CNR Please refer to the filing instructions for assistance filling out this form. Securities Sought – State the following: Class(es) of securities subject to the NCIB: Common Shares Total number of securities: i) issued and outstanding (number must be within two calendar weeks preceding the commencement date of the NCIB) (as of January 22, 2026): 613,523,348 Common Shares ii) if applicable, in the total publi…
Read attachment ↗tm264473d1_ex99-1.htm · 6-K · 2026-01-30
Exhibit 99.1 NEWS RELEASE CN Announces New Normal Course Issuer Bid for Share Repurchase and 3% Dividend Increase MONTREAL, January 30, 2026 - CN (TSX: CNR) (NYSE: CNI) announced today that its Board of Directors has approved a 3% increase in the 2026 dividend on the Company's outstanding common shares as well as the repurchase of its shares under a new normal course issuer bid (Bid). “These actions reflect CN’s strong cash flow and our disciplined approach to managing capital. We are inves…
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