Canadian National Railway Company (CNI) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CNI Revenue Growth
CNI Revenue Analysis (2014–2025)
As of May 8, 2026, Canadian National Railway Company (CNI) generated trailing twelve-month (TTM) revenue of $17.29 billion, reflecting slight decline in growth of -0.3% year-over-year. The most recent quarter (Q1 2026) recorded $4.39 billion in revenue, down 1.6% sequentially.
Looking at the longer-term picture, CNI's 5-year compound annual growth rate (CAGR) stands at +4.6%, indicating moderate growth over time. The company achieved its highest annual revenue of $17.29 billion in 2025, representing a new all-time high.
When compared to Industrials sector peers including CP (+1.1% YoY), UNP (-23.7% YoY), and CSX (-0.9% YoY), CNI has underperformed the peer group in terms of revenue growth. Compare CNI vs CP →
CNI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CNICurrent | $17.3B | -0.3% | +4.6% | 38.1% | |
 CP | $15.1B | +1.1% | +14.4% | 37.2% | |
 UNP | $24.5B | -23.7% | +4.6% | 40.1% | |
 CSX | $14.1B | -0.9% | +5.9% | 32.1% | |
 NSC | $12.2B | +0.6% | +4.5% | 32.9% | |
 WAB | $11.2B | +9.6% | +8.1% | 16.7% |
CNI Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $17.29B | +1.4% | $7.76B | 44.9% | $6.58B | 38.1% |
| 2024 | $17.05B | +1.3% | $6.97B | 40.9% | $6.25B | 36.6% |
| 2023 | $16.83B | -1.6% | $7.15B | 42.5% | $6.60B | 39.2% |
| 2022 | $17.11B | +18.2% | $7.40B | 43.2% | $6.84B | 40.0% |
| 2021 | $14.48B | +4.8% | $6.07B | 41.9% | $5.62B | 38.8% |
| 2020 | $13.82B | -7.4% | $5.77B | 41.8% | $4.78B | 34.6% |
| 2019 | $14.92B | +4.2% | $6.08B | 40.8% | $5.59B | 37.5% |
| 2018 | $14.32B | +9.8% | $5.96B | 41.6% | $5.49B | 38.4% |
| 2017 | $13.04B | +8.3% | $5.67B | 43.5% | $5.24B | 40.2% |
| 2016 | $12.04B | -4.6% | $5.39B | 44.8% | $5.03B | 41.8% |
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Start ComparisonCNI — Frequently Asked Questions
Quick answers to the most common questions about buying CNI stock.
Is CNI's revenue growth accelerating or slowing?
CNI revenue growth slowed to -0.3%, below the 5-year CAGR of +4.6%. TTM revenue is $17.3B. The deceleration marks a shift from historical growth rates.
What is CNI's long-term revenue growth rate?
Canadian National Railway Company's 5-year revenue CAGR of +4.6% reflects the variable expansion pattern. Current YoY growth of -0.3% is near this long-term average.
How is CNI's revenue distributed by segment?
CNI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.