Security
CNR · CANADIAN NATIONAL RAILWAY CO
CNRTSXCommon stockCurrentCIK 16868Updated Sep 29, 2026
CNR price & chart
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TSX:CNR on TradingView ↗In the news
Le CN expédie le premier train-bloc de céréales depuis l’installation agrandie de Total Grain Marketing en Illinois ↗
CN Reports a Record 2025-26 Crop Year ↗
CN Releases 2026–2027 Grain Plan: Strengthening Canada’s Supply Chain ↗
Seeking Alpha
Dividend Champion, Contender, And Challenger Highlights: Week September 27 ↗
Canadian National Railway Company (CNR:CA) Presents at 25th Annual CIBC Eastern Institutional Investor Conference Transcript ↗
Canadian National Railway Company (CNR:CA) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript ↗
Recent filings
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Financials
FY 2025 · CADSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsCAD | 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 | 350,000,000Source | 389,000,000Source | 475,000,000Source | 569,000,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentCAD | 1,117,000,000Source | 1,164,000,000Source | 1,300,000,000Source | 1,054,000,000Source |
| Assets, CurrentCAD | 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 | 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 | 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 | 18,918,000,000Source | 18,354,000,000Source | 18,655,000,000Source | 19,161,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxCAD | -1,067,000,000Source | -1,020,000,000Source | -2,279,000,000Source | -3,472,000,000Source |
| Stockholders' Equity Attributable to ParentCAD | 21,568,000,000Source | 21,051,000,000Source | 20,117,000,000Source | 19,651,000,000Source |
| Liabilities and EquityCAD | 58,555,000,000Source | 57,067,000,000Source | 52,666,000,000Source | 44,804,000,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentCAD | 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 | 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 |
cash flow · annual statements
| Line item | 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 | 1,938,000,000Source | 1,892,000,000Source | 1,817,000,000Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableCAD | -92,000,000Source | -205,000,000Source | -71,000,000Source | -158,000,000Source |
| Deferred Income Tax Expense (Benefit)CAD | 334,000,000Source | 325,000,000Source | -288,000,000Source | 487,000,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesCAD | 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 | 390,000,000Source | 8,000,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesCAD | -3,713,000,000Source | -3,607,000,000Source | -3,468,000,000Source | -2,946,000,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesCAD | 55,000,000Source | 58,000,000Source | 20,000,000Source | 75,000,000Source |
| Payments to Acquire Property, Plant, and EquipmentCAD | 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 | -3,371,000,000Source | -3,620,000,000Source | -3,406,000,000Source | -2,707,000,000Source |
| Payments of Ordinary Dividends, Common StockCAD | 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 | 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 | 979,000,000Source | 926,000,000Source | 776,000,000Source | 551,000,000Source |
| Income Taxes Paid, NetCAD | 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 | 129,000,000Source | 0Source |
| GoodwillCAD | 100,000,000Source | 71,000,000Source | 70,000,000Source | 70,000,000Source |
| Income Tax Expense (Benefit)CAD | 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 | 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 | 88,000,000Source | 42,000,000Source | 134,000,000Source | -5,000,000Source |
| Proceeds from Issuance of Long-term DebtCAD | 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 |
income statement · annual statements
| Line item | 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 | 6,587,000,000Source | 6,247,000,000Source | 6,597,000,000Source | 4,777,000,000Source |
| Other Nonoperating Income (Expense)CAD | 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 | 1,544,000,000Source | 1,404,000,000Source | 863,000,000Source | 982,000,000Source |
| Net Income (Loss) Attributable to ParentCAD | 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 | — | — | — | 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 | 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 | — | — | — | 554,000,000Source |
| Labor and Related ExpenseCAD | 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 | — |