Canadian National Railway Company (CNI) Earnings History
Annual and quarterly earnings data from 1995 to 2025
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CNI EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
CNI Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 44.9% | 38.1% | 27.3% |
| 2024 | 40.9% | 36.6% | 26.1% |
| 2023 | 42.5% | 39.2% | 33.4% |
| 2022 | 43.2% | 40.0% | 29.9% |
| 2021 | 41.9% | 38.8% | 33.8% |
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Canadian National Railway Company (CNI) Earnings Overview
As of May 8, 2026, Canadian National Railway Company (CNI) reported trailing twelve-month net income of $4.71B, reflecting +7.8% year-over-year growth. The company earned $7.69 per diluted share over the past four quarters, with a net profit margin of 27.3%.
Looking at the long-term picture, CNI's 5-year EPS compound annual growth rate (CAGR) stands at +8.6%, showing solid earnings momentum. The company achieved its highest annual net income of $5.63B in fiscal 2023.
Canadian National Railway Company maintains industry-leading profitability with a gross margin of 44.9%, operating margin of 38.1%, and net margin of 27.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including CP ($4.08B net income, 27.5% margin), UNP ($5.51B net income, 29.1% margin), CSX ($3.05B net income, 20.5% margin), CNI has room to improve margins relative to the peer group. Compare CNI vs CP →
CNI Earnings vs Peers
Earnings metrics vs comparable public companies
CNI Historical Earnings Data (1995–2025)
31 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.72B | +6.0% | $6.58B | $7.56 | 27.3% | 38.1% |
| 2024 | $4.45B | -20.9% | $6.25B | $7.01 | 26.1% | 36.6% |
| 2023 | $5.63B | +9.9% | $6.60B | $8.53 | 33.4% | 39.2% |
| 2022 | $5.12B | +4.5% | $6.84B | $7.44 | 29.9% | 40.0% |
| 2021 | $4.90B | +38.2% | $5.62B | $6.90 | 33.8% | 38.8% |
| 2020 | $3.54B | -15.9% | $4.78B | $5.00 | 25.7% | 34.6% |
| 2019 | $4.22B | -2.6% | $5.59B | $5.86 | 28.3% | 37.5% |
| 2018 | $4.33B | -21.1% | $5.49B | $5.87 | 30.2% | 38.4% |
| 2017 | $5.48B | +50.7% | $5.24B | $7.24 | 42.1% | 40.2% |
| 2016 | $3.64B | +2.9% | $5.03B | $4.67 | 30.2% | 41.8% |
Full CNI Stock Analysis
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Start ComparisonCNI — Frequently Asked Questions
Quick answers to the most common questions about buying CNI stock.
Is CNI growing earnings?
CNI EPS stands at $7.69, with +7.8% growth matching the 5-year CAGR of +8.6%. TTM net income is $4.7B. Earnings trajectory remains consistent.
What are CNI's profit margins?
Canadian National Railway Company net margin is +27.3%, with operating margin at +38.1%. Above-average margins indicate pricing power.
How consistent are CNI's earnings?
CNI earnings data spans 1995-2025. The current earnings trend is +7.8% YoY. Historical data enables comparison across business cycles.