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Canadian National Railway Company (CNR.TO)

CAD176.00 -1.53 (-0.86%)
CA TSX Industrials Railroads
Address 935 de La Gauchetiere Street West H3B 2M9
Montreal, QC, CA
CEO Tracy A. Robinson
Website cn.ca
IPO 1996-11-22
ISIN CA1363751027

Explore sections of this company profile

Also trades on New York Stock Exchange · CNI (USD) Toronto Stock Exchange · CNR.TO (CAD)
Description

Canadian National Railway (CN), along with its affiliated companies, specializes in railroad operations and integrated transportation services. The company handles a wide variety of commodities, including energy products like petroleum and chemicals, agricultural goods such as grain and fertilizers, raw materials including coal, metals, and minerals, as well as forest products, intermodal freight, and automotive shipments. These services are provided to a diverse customer base, comprising exporters, importers, retailers, farmers, and manufacturers. CN boasts an extensive rail network spanning 19,500 route miles across both Canada and the United States. Additionally, it offers a suite of related services, such as marine vessel and dock operations, transloading and distribution, automotive supply chain solutions, and comprehensive freight forwarding and transport management. The company was founded in 1919 and is headquartered in Montreal, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD176.00 -1.53 (-0.86%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.00
Float Shares
591.25M
Free Float %
96.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.29% +1.24% +0.26% +4.69% +13.15% +12.92% +4.57% -6.29% +13.48% +101.62% +3,473.19%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (51 ratings, all time) Hold
Price Targets & DCF
Current price
176.00
DCF (Unlevered) 109.10 -38.0%
DCF (Levered) 86.30 -51.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 55% Bullish
Rating 2026-05 Change
Strong Buy 5 0
Buy 11 0
Hold 11 -2
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.55
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Railroads: +4.4%
    +1.5% Q1'26: -0.5% (vs Q1'25)
  • EPS growth Railroads: +13.1%
    +8.0% Q1'26: +1.1% (vs Q1'25)
  • FCF margin FCF growth · Railroads: +40.4%
    +30.0% Q1'26: +18.9% (vs Q1'25)
  • EBIT margin Railroads: +14.1%
    +41.5% Q1'26: +35.4% (vs Q1'25)
  • ROIC Railroads: +5.9%
    +12.6% Q1'26: +10.8% (vs Q1'25)
  • Share dilution Railroads: +0.4%
    -1.7% Q1'26: -2.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Railroads: 1.34×
    2.40× Q1'26: 2.77× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.99) × ERP
WACC = 81% × Ke + 19% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 107.86 Current price: 176.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
26 Rev. Ana.
20 EPS Ana.
Dec 2027
26 Rev. Ana.
21 EPS Ana.
Dec 2028
13 Rev. Ana.
5 EPS Ana.
Dec 2029
12 Rev. Ana.
1 EPS Ana.
Dec 2030
6 Rev. Ana.
1 EPS Ana.
Revenue
9.03B
est: 9.08B (-0.6%)
9.92B
est: 10.08B (-1.6%)
10.58B
est: 10.78B (-1.9%)
12.13B
est: 12.17B (-0.3%)
12.61B
est: 12.63B (-0.1%)
12.04B
est: 12.04B (-0.1%)
13.04B
est: 13.03B (+0.1%)
14.32B
est: 14.32B (+0.0%)
14.92B
est: 14.87B (+0.3%)
13.82B
est: 13.79B (+0.2%)
14.48B
est: 14.39B (+0.6%)
17.11B
est: 17.06B (+0.3%)
16.83B
est: 17.04B (-1.2%)
17.05B
est: 17.07B (-0.1%)
17.30B
est: 17.29B (+0.1%)
17.95B
17.62B – 18.41B
+3.8% YoY
18.69B
18.24B – 19.62B
+4.1% YoY
19.70B
19.70B – 19.71B
+5.4% YoY
20.93B
20.49B – 21.73B
+6.3% YoY
21.69B
21.22B – 22.51B
+3.6% YoY
EBITDA
4.58B
est: 3.62B (+26.5%)
4.61B
est: 4.33B (+6.5%)
4.85B
est: 4.53B (+7.1%)
5.67B
est: 4.61B (+23.0%)
6.42B
est: 5.31B (+20.9%)
6.54B
est: 5.40B (+21.0%)
6.84B
est: 6.14B (+11.5%)
7.12B
est: 4.43B (+60.7%)
8.00B
est: 6.97B (+14.7%)
7.65B
est: 5.87B (+30.4%)
7.61B
est: 6.38B (+19.3%)
9.07B
est: 6.76B (+34.1%)
8.89B
est: 8.92B (-0.4%)
8.67B
est: 8.97B (-3.3%)
9.12B
est: 9.06B (+0.6%)
9.40B
9.23B – 9.64B
+3.8% YoY
9.79B
9.55B – 10.28B
+4.1% YoY
10.32B
10.32B – 10.32B
+5.4% YoY
10.97B
10.73B – 11.38B
+6.3% YoY
11.36B
11.12B – 11.79B
+3.6% YoY
EBIT
3.70B
est: 3.26B (+13.3%)
3.69B
est: 3.66B (+0.8%)
3.87B
est: 3.94B (-1.7%)
4.62B
est: 4.24B (+9.0%)
5.27B
est: 4.87B (+8.2%)
5.31B
est: 5.03B (+5.6%)
5.56B
est: 5.44B (+2.1%)
5.80B
est: 5.73B (+1.1%)
6.44B
est: 5.74B (+12.2%)
6.06B
est: 5.15B (+17.8%)
6.01B
est: 5.59B (+7.5%)
7.34B
est: 5.93B (+23.8%)
7.08B
est: 7.08B (0.0%)
6.78B
est: 7.11B (-4.7%)
7.18B
est: 7.18B (-0.1%)
7.46B
7.32B – 7.65B
+3.8% YoY
7.76B
7.58B – 8.15B
+4.1% YoY
8.18B
8.18B – 8.19B
+5.4% YoY
8.70B
8.51B – 9.03B
+6.3% YoY
9.01B
8.82B – 9.35B
+3.6% YoY
Net Income
2.46B
est: 2.27B (+8.2%)
2.68B
est: 2.73B (-1.7%)
2.61B
est: 2.87B (-8.8%)
3.17B
est: 2.86B (+10.7%)
3.54B
est: 3.33B (+6.2%)
3.64B
est: 3.38B (+7.7%)
5.48B
est: 3.94B (+39.2%)
4.33B
est: 6.00B (-27.8%)
4.22B
est: 4.52B (-6.7%)
3.55B
est: 3.88B (-8.6%)
4.90B
est: 4.21B (+16.2%)
5.12B
est: 4.47B (+14.5%)
5.63B
est: 5.46B (+3.1%)
4.45B
est: 4.56B (-2.5%)
4.72B
est: 4.71B (+0.3%)
4.91B
4.81B – 5.01B
+4.4% YoY
5.49B
5.23B – 5.76B
+11.9% YoY
5.98B
5.84B – 6.12B
+8.8% YoY
6.59B
6.41B – 6.92B
+10.3% YoY
7.05B
6.86B – 7.40B
+7.0% YoY
SGA
2.09B
est: 2.14B (-2.6%)
est: 2.26B (-100.0%)
est: 2.35B (-100.0%)
est: 2.69B (-100.0%)
est: 2.79B (-100.0%)
est: 2.66B (-100.0%)
est: 3.00B (-100.0%)
est: 3.23B (-100.0%)
est: 3.47B (-100.0%)
est: 3.10B (-100.0%)
est: 3.36B (-100.0%)
est: 3.57B (-100.0%)
est: 231.75M (-100.0%)
est: 232.87M (-100.0%)
1.18B
est: 235.26M (+400.3%)
244.19M
239.71M – 250.43M
+3.8% YoY
254.27M
248.08M – 266.92M
+4.1% YoY
268.00M
267.93M – 268.06M
+5.4% YoY
284.78M
278.68M – 295.58M
+6.3% YoY
295.06M
288.74M – 306.25M
+3.6% YoY
EPS
2.73
est: 2.41 (+13.1%)
3.08
est: 2.83 (+8.8%)
3.10
est: 3.11 (-0.3%)
3.86
est: 3.73 (+3.5%)
4.42
est: 4.38 (+0.9%)
4.69
est: 4.59 (+2.3%)
7.28
est: 5.02 (+45.0%)
5.89
est: 5.47 (+7.7%)
5.85
est: 5.74 (+1.8%)
5.01
est: 5.28 (-5.1%)
6.91
est: 5.71 (+21.0%)
7.46
est: 7.48 (-0.2%)
8.55
est: 8.47 (+1.0%)
7.02
est: 7.21 (-2.7%)
7.58
est: 7.52 (+0.8%)
7.86
7.71 – 8.04
+4.6% YoY
8.73
8.38 – 9.23
+11.0% YoY
9.61
9.36 – 9.82
+10.1% YoY
10.57
10.28 – 11.09
+10.0% YoY
11.31
11.00 – 11.87
+7.0% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-04-30 Barclays Equal Weight Equal Weight Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-08 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-07 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-06 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-05 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-04 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-05-01 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-30 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-29 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-28 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-27 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-24 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-23 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5
2026-04-15 B+ 3/5 3/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.79B
OE per share TTM
6.13
Owner's Yield
4.10%
Maintenance CapEx ratio
44.11%
Maint CapEx / Avg PPE
277.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
288.1K
Shares Outstanding
611.40M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Tracy A. Robinson President, Chief Executive Officer & Director 4M female
Patrick Timothy Whitehead Executive Vice President & Chief Operating Officer 2M male
Ghislain Houle Executive Vice President & Chief Financial Officer 2M male
Bhushan N. Ivaturi Executive Vice President and Chief Information & Technology Officer 1M male
Janet Drysdale Executive Vice President & Chief Commercial Officer 1M female
Francois Belanger Senior Director of Sustainability male
Derek Lachaine President & Chief Executive Officer of TransX male
James Thompson Senior Vice-President of Operations male
Jamie Lockwood Vice President of Investor Relations & Special Projects male
Josée Girard Senior Vice President & Chief Human Resources Officer female
Olivier Chouc Senior Vice President & Chief Legal Officer male
Patrick Lortie Senior VP & Chief Strategy and Stakeholder Relations Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits