Canadian National Railway Company (CNI) Earnings History
Steady Earner31 years of earnings data (1995–2025) · Positive but moderate multi-year EPS trajectory
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Canadian National Railway Company (CNI) Earnings Overview
As of July 7, 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% |
| 2015 | $3.54B | +11.7% | $5.27B | $4.39 | 28.1% | 41.8% |
| 2014 | $3.17B | +21.2% | $4.62B | $3.85 | 26.1% | 38.1% |
| 2013 | $2.61B | -2.5% | $3.87B | $3.09 | 24.7% | 36.6% |
| 2012 | $2.68B | +9.1% | $3.69B | $6.20 | 27.0% | 37.1% |
| 2011 | $2.46B | +16.8% | $3.30B | $5.49 | 27.2% | 36.5% |
| 2010 | $2.10B | +13.5% | $3.02B | $4.52 | 25.4% | 36.4% |
| 2009 | $1.85B | -2.2% | $2.41B | $1.96 | 25.2% | 32.7% |
| 2008 | $1.90B | -12.2% | $2.89B | $2.66 | 22.3% | 34.1% |
| 2007 | $2.16B | +3.4% | $2.88B | $4.24 | 27.3% | 36.4% |
| 2006 | $2.09B | +34.1% | $3.03B | $1.96 | 26.3% | 38.2% |
| 2005 | $1.56B | +23.7% | $2.62B | $1.39 | 21.5% | 36.2% |
| 2004 | $1.26B | +24.1% | $2.17B | $1.09 | 19.2% | 33.1% |
| 2003 | $1.01B | +26.8% | $1.78B | $0.87 | 17.2% | 30.2% |
| 2002 | $800M | -23.1% | $1.47B | $0.66 | 13.1% | 24.0% |
| 2001 | $1.04B | +11.0% | $1.68B | $0.87 | 18.4% | 29.8% |
| 2000 | $937M | +24.8% | $1.65B | $0.78 | 17.3% | 30.4% |
| 1999 | $751M | +184.3% | $1.47B | $0.62 | 14.3% | 28.0% |
| 1998 | $264M | -74.6% | $1.44B | $0.24 | 6.5% | 35.2% |
| 1997 | $1.04B | +23.0% | $1.30B | $0.92 | 24.1% | 30.1% |
| 1996 | $846M | +178.0% | $930M | $0.84 | 21.4% | 23.5% |
| 1995 | -$1.08B | - | $824M | $-1.06 | -27.4% | 20.8% |
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CNI — Frequently Asked Questions
Quick answers to the most common questions about buying CNI stock.
What is CNI earnings per share (EPS)?
CNI trailing twelve-month (TTM) diluted EPS is $7.69, reflecting +7.8% year-over-year growth. The 5-year EPS CAGR is +8.6%. Complete EPS history from 1995 to 2025 is available in the table on this page.
What is Canadian National Railway Company's net income?
Canadian National Railway Company (CNI) trailing twelve-month net income is $4.7B as of 2025. Earnings grew +7.8% year-over-year. Canadian National Railway Company has been profitable for 30 consecutive years.
Is CNI profitable?
Yes, CNI is profitable with a TTM net income of $4.7B and a net profit margin of +27.3%. Canadian National Railway Company has generated profits for 30 consecutive years.
What is CNI's earnings growth rate?
CNI compound annual EPS growth rates (CAGR): 1-Year: +7.8%, 3-Year: +0.5%, 5-Year: +8.6%, 10-Year: +5.6%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1995 to 2025.
What are CNI's profit margins?
Canadian National Railway Company net profit margin is +27.3%, operating margin is +38.1%, and gross margin is +44.9%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +22.1%.
Is CNI growing earnings?
CNI is growing earnings steadily. YoY EPS growth of +7.8% is consistent with the 5-year CAGR of +8.6%. TTM net income is $4.7B.
What was CNI's best earnings year?
Canadian National Railway Company's highest annual net income on record is $5.6B, achieved in fiscal year 2023. Earnings history on this page spans 1995 to 2025 and includes all annual and quarterly figures.
What were CNI's earnings last quarter?
CNI's most recent reported quarter was Q1 2026. Net income was $1.1B with diluted EPS of $1.88. For a full breakdown of all quarters, see the quarterly earnings table on this page.