Canadian National Railway Company (CNI) Financial Statements

Canadian National Railway Company

CNI · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2020	FY2019	FY2018	FY2017
Total Revenue	$17.30B	$17.05B	$16.83B	$17.11B	$13.82B	$14.92B	$14.32B	$13.04B
Operating Expenses	$10.72B	$10.80B	$10.23B	$10.27B	$9.04B	$9.32B	$8.83B	$7.80B
Operating Income	$6.59B	$6.25B	$6.60B	$6.84B	$4.78B	$5.59B	$5.49B	$5.24B
Interest Expense	—	—	—	—	$554.00M	$538.00M	$489.00M	$481.00M
Other Income / (Expense)	$88.00M	$42.00M	$134.00M	-$27.00M	$6.00M	$53.00M	$376.00M	$12.00M
Income Before Taxes	$6.26B	$5.85B	$6.49B	$6.76B	$4.54B	$5.43B	$5.68B	$5.09B
Provision for Income Taxes	$1.54B	$1.40B	$863.00M	$1.65B	$982.00M	$1.21B	$1.35B	-$395.00M
Net Income	$4.72B	$4.45B	$5.63B	$5.12B	$3.56B	$4.22B	$4.33B	$5.48B
Basic EPS	$7.58	$7.02	$8.55	$7.46	$5.01	$5.85	$5.89	$7.28
Diluted EPS	$7.57	$7.01	$8.53	$7.44	$5.00	$5.83	$5.87	$7.24
Basic Shares Outstanding	623.10M	633.50M	657.70M	686.40M	711.30M	720.10M	734.50M	753.60M
Diluted Shares Outstanding	623.70M	634.50M	659.10M	688.30M	713.00M	722.60M	737.70M	757.30M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$5.78	$5.68	$5.89	9	↑4 ↓2
Dec 2027	$6.38	$6.23	$6.53	9	↑3 ↓4
Dec 2028	$7.01	$6.81	$7.34	5	↑1 ↓0
Dec 2029	$7.35	$7.35	$7.35	1	↑0 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: CNI
Type: Stock
Sector: Industrials
Industry: Railroads
Country: North America
Exchange: NYSE

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada's Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

Key Issues

Bullish view

The supplied consensus mean target of $140.29 is above the $127.30 closing price, and Benzinga’s three-firm average target is $139.33, suggesting analysts still see valuation-supported upside.

Bearish view

Seeking Alpha’s downgrade to Hold set a $126 target on the view that the valuation discount had diminished, while another downgrade cited reduced margin of safety and a 7.7% implicit IRR.

Analyst Consensus

See all

Hold

29 analysts

$127

Current

—

Low

$140

Average

—

High

Average target implies +10.20% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Norfolk Southern CorporationNSC · NYSE$340.03