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CANADIAN NATIONAL RAILWAY CO

EDGAR

CNI Foreign issuer report (6-K) · filed 2026-10-30

Annual consolidated revenue for 2025: about CAD 17.3B, using the latest reported figures. The previous period, 2024, was about CAD 17.05B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest fiscal year

Revenue

17.3 billion CAD

2025 · CAD

Exact inputs and evidence

Revenue: 17304000000 CAD Source

Operating margin

38.07%

2025 · %

Exact inputs and evidence

Operating Income: 6587000000 CAD Source
Revenue: 17304000000 CAD Source

Operating cash flow

7.05 billion CAD

2025 · CAD

Exact inputs and evidence

Operating Cash Flow: 7049000000 CAD Source

Free cash flow

3.39 billion CAD

2025 · CAD

Exact inputs and evidence

Operating Cash Flow: 7049000000 CAD Source
Capital Expenditure: 3658000000 CAD Source

Cash and cash equivalents: 350 million CAD 2025-12-31 Source
Exact value

350000000 CAD
Long-term debt including current maturities: 21.2 billion CAD 2025-12-31 Source
Exact value

21201000000 CAD
Shares outstanding: 613 million shares 2025-12-31 Source
Exact value

613300000 shares

Reported share-count change

-2.33% · -14.6 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

627900000 shares · 2024-12-31· Source
613300000 shares · 2025-12-31· Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-30.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2025-12-31
Operating income: 11 of 11 periods available· newest 2025-12-31
Net income: 11 of 11 periods available· newest 2025-12-31
Operating cash flow: 11 of 11 periods available· newest 2025-12-31
Capital expenditure: 11 of 11 periods available· newest 2025-12-31
Total assets: 11 of 11 periods available· newest 2025-12-31
Total liabilities: 4 of 11 periods available· newest 2025-12-31
Current assets: 11 of 11 periods available· newest 2025-12-31
Current liabilities: 11 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
Long-term debt including current maturities: 9 of 11 periods available· newest 2025-12-31
Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+1.5%

Prior period

CAD 17.05 billion

2024-01-01 – 2024-12-31
Current period

CAD 17.3 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

17304000000 − 17046000000 = 258000000 CAD

17046000000 CAD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
17304000000 CAD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · CANADIAN NATIONAL RAILWAY CO · 2025-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Year-over-year change in Revenue: 258000000 CAD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 17304000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#2648497 Filing: 000001686826000011 Input fundies:Revenue: 17046000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#2649555 Filing: 000001686826000011
The citation records this snapshot. The page link may show a newer release later.
Net income
+6.1%

Prior period

CAD 4.45 billion

2024-01-01 – 2024-12-31
Current period

CAD 4.72 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

4720000000 − 4448000000 = 272000000 CAD

4448000000 CAD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
4720000000 CAD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · CANADIAN NATIONAL RAILWAY CO · 2025-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Year-over-year change in Net income: 272000000 CAD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: 4720000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1114381 Filing: 000001686826000011 Input fundies:NetIncome: 4448000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1115297 Filing: 000001686826000011
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+5.2%

Prior period

CAD 6.7 billion

2024-01-01 – 2024-12-31
Current period

CAD 7.05 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

7049000000 − 6699000000 = 350000000 CAD

6699000000 CAD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
7049000000 CAD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · CANADIAN NATIONAL RAILWAY CO · 2025-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Year-over-year change in Operating cash flow: 350000000 CAD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 7049000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#704760 Filing: 000001686826000011 Input fundies:OperatingCashFlow: 6699000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#705477 Filing: 000001686826000011
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+3.1%

Prior period

CAD 3.55 billion

2024-01-01 – 2024-12-31
Current period

CAD 3.66 billion

2025-01-01 – 2025-12-31

Exact inputs and evidence

3658000000 − 3549000000 = 109000000 CAD

3549000000 CAD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
3658000000 CAD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · CANADIAN NATIONAL RAILWAY CO · 2025-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Year-over-year change in Capital expenditure: 109000000 CAD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 3658000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1227321 Filing: 000001686826000011 Input fundies:CapitalExpenditure: 3549000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1227644 Filing: 000001686826000011
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue CAD 17.3 billion 100% of revenue
Operating costs Derived CAD 10.72 billion 62% of revenue
Operating income CAD 6.59 billion 38% of revenue
Tax, interest and other Derived CAD 1.87 billion 11% of revenue
Net income CAD 4.72 billion 27% of revenue

Cash

Operating cash flow CAD 7.05 billion 41% of revenue
Capital expenditure CAD 3.66 billion 21% of revenue
Free cash flow Derived CAD 3.39 billion 20% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2016 30%12%58%
2017 Net income was higher than operating income, so the split is not drawn.
2018 30%62%
2019 28%9.2%63%
2020 26%65%
2021 34%61%
2022 30%10%60%
2023 33%61%
2024 26%11%63%
2025 27%11%62%

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2016 2016-01-01 – 2016-12-31	12037000000	7005000000 Derived	5032000000	1392000000 Derived	3640000000	2507000000 Derived	Source 2016-01-01 – 2016-12-31: 12037000000 CAD Inspect Revenue Open source 2016-01-01 – 2016-12-31: 5032000000 CAD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: 3640000000 CAD Inspect Net Income Open source 2016-01-01 – 2016-12-31: 5202000000 CAD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 2695000000 CAD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	13041000000	7798000000 Derived	5243000000	-241000000 Derived	5484000000	2843000000 Derived	Source 2017-01-01 – 2017-12-31: 13041000000 CAD Inspect Revenue Open source 2017-01-01 – 2017-12-31: 5243000000 CAD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 5484000000 CAD Inspect Net Income Open source 2017-01-01 – 2017-12-31: 5516000000 CAD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 2673000000 CAD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	14321000000	8828000000 Derived	5493000000	1165000000 Derived	4328000000	2387000000 Derived	Source 2018-01-01 – 2018-12-31: 14321000000 CAD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 5493000000 CAD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 4328000000 CAD Inspect Net Income Open source 2018-01-01 – 2018-12-31: 5918000000 CAD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 3531000000 CAD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	14917000000	9324000000 Derived	5593000000	1377000000 Derived	4216000000	2058000000 Derived	Source 2019-01-01 – 2019-12-31: 14917000000 CAD Inspect Revenue Open source 2019-01-01 – 2019-12-31: 5593000000 CAD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 4216000000 CAD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 5923000000 CAD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 3865000000 CAD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	13819000000	9042000000 Derived	4777000000	1232000000 Derived	3545000000	3302000000 Derived	Source 2020-01-01 – 2020-12-31: 13819000000 CAD Inspect Revenue Open source 2020-01-01 – 2020-12-31: 4777000000 CAD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: 3545000000 CAD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 6165000000 CAD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 2863000000 CAD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	14477000000	8861000000 Derived	5616000000	717000000 Derived	4899000000	4080000000 Derived	Source 2021-01-01 – 2021-12-31: 14477000000 CAD Inspect Revenue Open source 2021-01-01 – 2021-12-31: 5616000000 CAD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: 4899000000 CAD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 6971000000 CAD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 2891000000 CAD Inspect Capital Expenditure Open source
2022 2022-01-01 – 2022-12-31	17107000000	10267000000 Derived	6840000000	1722000000 Derived	5118000000	3917000000 Derived	Source 2022-01-01 – 2022-12-31: 17107000000 CAD Inspect Revenue Open source 2022-01-01 – 2022-12-31: 6840000000 CAD Inspect Operating Income Open source 2022-01-01 – 2022-12-31: 5118000000 CAD Inspect Net Income Open source 2022-01-01 – 2022-12-31: 6667000000 CAD Inspect Operating Cash Flow Open source 2022-01-01 – 2022-12-31: 2750000000 CAD Inspect Capital Expenditure Open source
2023 2023-01-01 – 2023-12-31	16828000000	10231000000 Derived	6597000000	972000000 Derived	5625000000	3778000000 Derived	Source 2023-01-01 – 2023-12-31: 16828000000 CAD Inspect Revenue Open source 2023-01-01 – 2023-12-31: 6597000000 CAD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: 5625000000 CAD Inspect Net Income Open source 2023-01-01 – 2023-12-31: 6965000000 CAD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 3187000000 CAD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	17046000000	10799000000 Derived	6247000000	1799000000 Derived	4448000000	3150000000 Derived	Source 2024-01-01 – 2024-12-31: 17046000000 CAD Inspect Revenue Open source 2024-01-01 – 2024-12-31: 6247000000 CAD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: 4448000000 CAD Inspect Net Income Open source 2024-01-01 – 2024-12-31: 6699000000 CAD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 3549000000 CAD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	17304000000	10717000000 Derived	6587000000	1867000000 Derived	4720000000	3391000000 Derived	Source 2025-01-01 – 2025-12-31: 17304000000 CAD Inspect Revenue Open source 2025-01-01 – 2025-12-31: 6587000000 CAD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: 4720000000 CAD Inspect Net Income Open source 2025-01-01 – 2025-12-31: 7049000000 CAD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 3658000000 CAD Inspect Capital Expenditure Open source

Amounts are exact, in CAD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

CAD 17.3B 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(CAD)	Source evidence
20162016-12-31	Revenue	12037000000	Revenue: 12037000000 Open source
20172017-12-31	Revenue	13041000000	Revenue: 13041000000 Open source
20182018-12-31	Revenue	14321000000	Revenue: 14321000000 Open source
20192019-12-31	Revenue	14917000000	Revenue: 14917000000 Open source
20202020-12-31	Revenue	13819000000	Revenue: 13819000000 Open source
20212021-12-31	Revenue	14477000000	Revenue: 14477000000 Open source
20222022-12-31	Revenue	17107000000	Revenue: 17107000000 Open source
20232023-12-31	Revenue	16828000000	Revenue: 16828000000 Open source
20242024-12-31	Revenue	17046000000	Revenue: 17046000000 Open source
20252025-12-31	Revenue	17304000000	Revenue: 17304000000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

1.5% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Year over year	-4.6%	Revenue: 12037000000 Open source Revenue: 12611000000 Open source
20172017-12-31	Year over year	8.3%	Revenue: 13041000000 Open source Revenue: 12037000000 Open source
20182018-12-31	Year over year	9.8%	Revenue: 14321000000 Open source Revenue: 13041000000 Open source
20192019-12-31	Year over year	4.2%	Revenue: 14917000000 Open source Revenue: 14321000000 Open source
20202020-12-31	Year over year	-7.4%	Revenue: 13819000000 Open source Revenue: 14917000000 Open source
20212021-12-31	Year over year	4.8%	Revenue: 14477000000 Open source Revenue: 13819000000 Open source
20222022-12-31	Year over year	18.2%	Revenue: 17107000000 Open source Revenue: 14477000000 Open source
20232023-12-31	Year over year	-1.6%	Revenue: 16828000000 Open source Revenue: 17107000000 Open source
20242024-12-31	Year over year	1.3%	Revenue: 17046000000 Open source Revenue: 16828000000 Open source
20252025-12-31	Year over year	1.5%	Revenue: 17304000000 Open source Revenue: 17046000000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 38.1% 2025

Net margin 27.3% 2025

Free cash flow margin 19.6% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Operating margin	41.8%	Operating Income: 5032000000 Open source Revenue: 12037000000 Open source
20172017-12-31	Operating margin	40.2%	Operating Income: 5243000000 Open source Revenue: 13041000000 Open source
20182018-12-31	Operating margin	38.4%	Operating Income: 5493000000 Open source Revenue: 14321000000 Open source
20192019-12-31	Operating margin	37.5%	Operating Income: 5593000000 Open source Revenue: 14917000000 Open source
20202020-12-31	Operating margin	34.6%	Operating Income: 4777000000 Open source Revenue: 13819000000 Open source
20212021-12-31	Operating margin	38.8%	Operating Income: 5616000000 Open source Revenue: 14477000000 Open source
20222022-12-31	Operating margin	40%	Operating Income: 6840000000 Open source Revenue: 17107000000 Open source
20232023-12-31	Operating margin	39.2%	Operating Income: 6597000000 Open source Revenue: 16828000000 Open source
20242024-12-31	Operating margin	36.6%	Operating Income: 6247000000 Open source Revenue: 17046000000 Open source
20252025-12-31	Operating margin	38.1%	Operating Income: 6587000000 Open source Revenue: 17304000000 Open source
20162016-12-31	Net margin	30.2%	Net Income: 3640000000 Open source Revenue: 12037000000 Open source
20172017-12-31	Net margin	42.1%	Net Income: 5484000000 Open source Revenue: 13041000000 Open source
20182018-12-31	Net margin	30.2%	Net Income: 4328000000 Open source Revenue: 14321000000 Open source
20192019-12-31	Net margin	28.3%	Net Income: 4216000000 Open source Revenue: 14917000000 Open source
20202020-12-31	Net margin	25.7%	Net Income: 3545000000 Open source Revenue: 13819000000 Open source
20212021-12-31	Net margin	33.8%	Net Income: 4899000000 Open source Revenue: 14477000000 Open source
20222022-12-31	Net margin	29.9%	Net Income: 5118000000 Open source Revenue: 17107000000 Open source
20232023-12-31	Net margin	33.4%	Net Income: 5625000000 Open source Revenue: 16828000000 Open source
20242024-12-31	Net margin	26.1%	Net Income: 4448000000 Open source Revenue: 17046000000 Open source
20252025-12-31	Net margin	27.3%	Net Income: 4720000000 Open source Revenue: 17304000000 Open source
20162016-12-31	Free cash flow margin	20.8%	Revenue: 12037000000 Open source Operating Cash Flow: 5202000000 Open source Capital Expenditure: 2695000000 Open source
20172017-12-31	Free cash flow margin	21.8%	Revenue: 13041000000 Open source Operating Cash Flow: 5516000000 Open source Capital Expenditure: 2673000000 Open source
20182018-12-31	Free cash flow margin	16.7%	Revenue: 14321000000 Open source Operating Cash Flow: 5918000000 Open source Capital Expenditure: 3531000000 Open source
20192019-12-31	Free cash flow margin	13.8%	Revenue: 14917000000 Open source Operating Cash Flow: 5923000000 Open source Capital Expenditure: 3865000000 Open source
20202020-12-31	Free cash flow margin	23.9%	Revenue: 13819000000 Open source Operating Cash Flow: 6165000000 Open source Capital Expenditure: 2863000000 Open source
20212021-12-31	Free cash flow margin	28.2%	Revenue: 14477000000 Open source Operating Cash Flow: 6971000000 Open source Capital Expenditure: 2891000000 Open source
20222022-12-31	Free cash flow margin	22.9%	Revenue: 17107000000 Open source Operating Cash Flow: 6667000000 Open source Capital Expenditure: 2750000000 Open source
20232023-12-31	Free cash flow margin	22.5%	Revenue: 16828000000 Open source Operating Cash Flow: 6965000000 Open source Capital Expenditure: 3187000000 Open source
20242024-12-31	Free cash flow margin	18.5%	Revenue: 17046000000 Open source Operating Cash Flow: 6699000000 Open source Capital Expenditure: 3549000000 Open source
20252025-12-31	Free cash flow margin	19.6%	Revenue: 17304000000 Open source Operating Cash Flow: 7049000000 Open source Capital Expenditure: 3658000000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

CAD 7B 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(CAD)	Source evidence
20162016-12-31	Operating cash flow	5202000000	Operating Cash Flow: 5202000000 Open source
20172017-12-31	Operating cash flow	5516000000	Operating Cash Flow: 5516000000 Open source
20182018-12-31	Operating cash flow	5918000000	Operating Cash Flow: 5918000000 Open source
20192019-12-31	Operating cash flow	5923000000	Operating Cash Flow: 5923000000 Open source
20202020-12-31	Operating cash flow	6165000000	Operating Cash Flow: 6165000000 Open source
20212021-12-31	Operating cash flow	6971000000	Operating Cash Flow: 6971000000 Open source
20222022-12-31	Operating cash flow	6667000000	Operating Cash Flow: 6667000000 Open source
20232023-12-31	Operating cash flow	6965000000	Operating Cash Flow: 6965000000 Open source
20242024-12-31	Operating cash flow	6699000000	Operating Cash Flow: 6699000000 Open source
20252025-12-31	Operating cash flow	7049000000	Operating Cash Flow: 7049000000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

CAD 3.4B 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(CAD)	Source evidence
20162016-12-31	Free cash flow	2507000000	Operating Cash Flow: 5202000000 Open source Capital Expenditure: 2695000000 Open source
20172017-12-31	Free cash flow	2843000000	Operating Cash Flow: 5516000000 Open source Capital Expenditure: 2673000000 Open source
20182018-12-31	Free cash flow	2387000000	Operating Cash Flow: 5918000000 Open source Capital Expenditure: 3531000000 Open source
20192019-12-31	Free cash flow	2058000000	Operating Cash Flow: 5923000000 Open source Capital Expenditure: 3865000000 Open source
20202020-12-31	Free cash flow	3302000000	Operating Cash Flow: 6165000000 Open source Capital Expenditure: 2863000000 Open source
20212021-12-31	Free cash flow	4080000000	Operating Cash Flow: 6971000000 Open source Capital Expenditure: 2891000000 Open source
20222022-12-31	Free cash flow	3917000000	Operating Cash Flow: 6667000000 Open source Capital Expenditure: 2750000000 Open source
20232023-12-31	Free cash flow	3778000000	Operating Cash Flow: 6965000000 Open source Capital Expenditure: 3187000000 Open source
20242024-12-31	Free cash flow	3150000000	Operating Cash Flow: 6699000000 Open source Capital Expenditure: 3549000000 Open source
20252025-12-31	Free cash flow	3391000000	Operating Cash Flow: 7049000000 Open source Capital Expenditure: 3658000000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

63.2% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2016-12-31	Liabilities / assets	Not reported	Total Assets: 37057000000 Open source
2017-12-31	Liabilities / assets	Not reported	Total Assets: 37629000000 Open source
2018-12-31	Liabilities / assets	Not reported	Total Assets: 41214000000 Open source
2019-12-31	Liabilities / assets	Not reported	Total Assets: 43784000000 Open source
2020-12-31	Liabilities / assets	Not reported	Total Assets: 44804000000 Open source
2021-12-31	Liabilities / assets	Not reported	Total Assets: 48538000000 Open source
20222022-12-31	Liabilities / assets	57.8%	Total Liabilities: 29278000000 Open source Total Assets: 50662000000 Open source
20232023-12-31	Liabilities / assets	61.8%	Total Liabilities: 32549000000 Open source Total Assets: 52666000000 Open source
20242024-12-31	Liabilities / assets	63.1%	Total Liabilities: 36016000000 Open source Total Assets: 57067000000 Open source
20252025-12-31	Liabilities / assets	63.2%	Total Liabilities: 36987000000 Open source Total Assets: 58555000000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.67× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20162016-12-31	Current assets / current liabilities	0.7×	Current Assets: 2107000000 Open source Current Liabilities: 3008000000 Open source
20172017-12-31	Current assets / current liabilities	0.55×	Current Assets: 2190000000 Open source Current Liabilities: 3983000000 Open source
20182018-12-31	Current assets / current liabilities	0.78×	Current Assets: 2728000000 Open source Current Liabilities: 3500000000 Open source
20192019-12-31	Current assets / current liabilities	0.66×	Current Assets: 2830000000 Open source Current Liabilities: 4287000000 Open source
20202020-12-31	Current assets / current liabilities	0.95×	Current Assets: 3102000000 Open source Current Liabilities: 3274000000 Open source
20212021-12-31	Current assets / current liabilities	1.1×	Current Assets: 3426000000 Open source Current Liabilities: 3120000000 Open source
20222022-12-31	Current assets / current liabilities	0.84×	Current Assets: 3217000000 Open source Current Liabilities: 3842000000 Open source
20232023-12-31	Current assets / current liabilities	0.61×	Current Assets: 3089000000 Open source Current Liabilities: 5035000000 Open source
20242024-12-31	Current assets / current liabilities	0.66×	Current Assets: 2619000000 Open source Current Liabilities: 3976000000 Open source
20252025-12-31	Current assets / current liabilities	0.67×	Current Assets: 2471000000 Open source Current Liabilities: 3696000000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2016 2016-01-01 – 2016-12-31	CAD 3.64 billion Exact value Exact value: 3640000000 CAD 2016-01-01 – 2016-12-31: 3640000000 CAD Inspect Net Income Open source Share or cite Citation for Net Income · CANADIAN NATIONAL RAILWAY CO · 2016-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Net Income: 3640000000 CAD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=CAD&dimensions= Input fundies:NetIncome: 3640000000 CAD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686819000011/cni-20181231.xml#796639 Filing: 000001686819000011 The citation records this snapshot. The page link may show a newer release later.	CAD 5.2 billion Exact value Exact value: 5202000000 CAD 2016-01-01 – 2016-12-31: 5202000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATIONAL RAILWAY CO · 2016-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Operating Cash Flow: 5202000000 CAD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 5202000000 CAD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686819000011/cni-20181231.xml#796000 Filing: 000001686819000011 The citation records this snapshot. The page link may show a newer release later.	CAD 2.7 billion Exact value Exact value: 2695000000 CAD 2016-01-01 – 2016-12-31: 2695000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATIONAL RAILWAY CO · 2016-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Capital Expenditure: 2695000000 CAD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 2695000000 CAD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686819000011/cni-20181231.xml#842863 Filing: 000001686819000011 The citation records this snapshot. The page link may show a newer release later.	CAD 2.51 billion Calculation and evidence 5202000000 − 2695000000 CAD Exact free cash flow: 2507000000 CAD 2016-01-01 – 2016-12-31: 5202000000 CAD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 2695000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATIONAL RAILWAY CO · 2016-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Free cash flow: 2507000000 CAD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 5202000000 CAD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686819000011/cni-20181231.xml#796000 Filing: 000001686819000011 Input fundies:CapitalExpenditure: 2695000000 CAD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686819000011/cni-20181231.xml#842863 Filing: 000001686819000011 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	CAD 5.48 billion Exact value Exact value: 5484000000 CAD 2017-01-01 – 2017-12-31: 5484000000 CAD Inspect Net Income Open source Share or cite Citation for Net Income · CANADIAN NATIONAL RAILWAY CO · 2017-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Net Income: 5484000000 CAD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=CAD&dimensions= Input fundies:NetIncome: 5484000000 CAD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686820000010/a2019annualfsnotes.htm#3484794 Filing: 000001686820000010 The citation records this snapshot. The page link may show a newer release later.	CAD 5.52 billion Exact value Exact value: 5516000000 CAD 2017-01-01 – 2017-12-31: 5516000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATIONAL RAILWAY CO · 2017-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Operating Cash Flow: 5516000000 CAD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 5516000000 CAD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686820000010/a2019annualfsnotes.htm#880026 Filing: 000001686820000010 The citation records this snapshot. The page link may show a newer release later.	CAD 2.67 billion Exact value Exact value: 2673000000 CAD 2017-01-01 – 2017-12-31: 2673000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATIONAL RAILWAY CO · 2017-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Capital Expenditure: 2673000000 CAD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 2673000000 CAD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686820000010/a2019annualfsnotes.htm#884446 Filing: 000001686820000010 The citation records this snapshot. The page link may show a newer release later.	CAD 2.84 billion Calculation and evidence 5516000000 − 2673000000 CAD Exact free cash flow: 2843000000 CAD 2017-01-01 – 2017-12-31: 5516000000 CAD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 2673000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATIONAL RAILWAY CO · 2017-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Free cash flow: 2843000000 CAD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 5516000000 CAD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686820000010/a2019annualfsnotes.htm#880026 Filing: 000001686820000010 Input fundies:CapitalExpenditure: 2673000000 CAD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686820000010/a2019annualfsnotes.htm#884446 Filing: 000001686820000010 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	CAD 4.33 billion Exact value Exact value: 4328000000 CAD 2018-01-01 – 2018-12-31: 4328000000 CAD Inspect Net Income Open source Share or cite Citation for Net Income · CANADIAN NATIONAL RAILWAY CO · 2018-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Net Income: 4328000000 CAD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=CAD&dimensions= Input fundies:NetIncome: 4328000000 CAD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686821000012/cni-20201231.htm#3228222 Filing: 000001686821000012 The citation records this snapshot. The page link may show a newer release later.	CAD 5.92 billion Exact value Exact value: 5918000000 CAD 2018-01-01 – 2018-12-31: 5918000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATIONAL RAILWAY CO · 2018-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Operating Cash Flow: 5918000000 CAD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 5918000000 CAD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686821000012/cni-20201231.htm#736645 Filing: 000001686821000012 The citation records this snapshot. The page link may show a newer release later.	CAD 3.53 billion Exact value Exact value: 3531000000 CAD 2018-01-01 – 2018-12-31: 3531000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATIONAL RAILWAY CO · 2018-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Capital Expenditure: 3531000000 CAD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 3531000000 CAD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686821000012/cni-20201231.htm#740400 Filing: 000001686821000012 The citation records this snapshot. The page link may show a newer release later.	CAD 2.39 billion Calculation and evidence 5918000000 − 3531000000 CAD Exact free cash flow: 2387000000 CAD 2018-01-01 – 2018-12-31: 5918000000 CAD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 3531000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATIONAL RAILWAY CO · 2018-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Free cash flow: 2387000000 CAD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 5918000000 CAD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686821000012/cni-20201231.htm#736645 Filing: 000001686821000012 Input fundies:CapitalExpenditure: 3531000000 CAD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686821000012/cni-20201231.htm#740400 Filing: 000001686821000012 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	CAD 4.22 billion Exact value Exact value: 4216000000 CAD 2019-01-01 – 2019-12-31: 4216000000 CAD Inspect Net Income Open source Share or cite Citation for Net Income · CANADIAN NATIONAL RAILWAY CO · 2019-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Net Income: 4216000000 CAD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=CAD&dimensions= Input fundies:NetIncome: 4216000000 CAD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686822000012/cni-20211231.htm#3281406 Filing: 000001686822000012 The citation records this snapshot. The page link may show a newer release later.	CAD 5.92 billion Exact value Exact value: 5923000000 CAD 2019-01-01 – 2019-12-31: 5923000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATIONAL RAILWAY CO · 2019-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Operating Cash Flow: 5923000000 CAD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 5923000000 CAD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686822000012/cni-20211231.htm#753091 Filing: 000001686822000012 The citation records this snapshot. The page link may show a newer release later.	CAD 3.87 billion Exact value Exact value: 3865000000 CAD 2019-01-01 – 2019-12-31: 3865000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATIONAL RAILWAY CO · 2019-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Capital Expenditure: 3865000000 CAD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 3865000000 CAD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686822000012/cni-20211231.htm#757004 Filing: 000001686822000012 The citation records this snapshot. The page link may show a newer release later.	CAD 2.06 billion Calculation and evidence 5923000000 − 3865000000 CAD Exact free cash flow: 2058000000 CAD 2019-01-01 – 2019-12-31: 5923000000 CAD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 3865000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATIONAL RAILWAY CO · 2019-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Free cash flow: 2058000000 CAD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 5923000000 CAD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686822000012/cni-20211231.htm#753091 Filing: 000001686822000012 Input fundies:CapitalExpenditure: 3865000000 CAD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686822000012/cni-20211231.htm#757004 Filing: 000001686822000012 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	CAD 3.55 billion Exact value Exact value: 3545000000 CAD 2020-01-01 – 2020-12-31: 3545000000 CAD Inspect Net Income Open source Share or cite Citation for Net Income · CANADIAN NATIONAL RAILWAY CO · 2020-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Net Income: 3545000000 CAD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=CAD&dimensions= Input fundies:NetIncome: 3545000000 CAD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686823000013/cni-20221231.htm#3567758 Filing: 000001686823000013 The citation records this snapshot. The page link may show a newer release later.	CAD 6.17 billion Exact value Exact value: 6165000000 CAD 2020-01-01 – 2020-12-31: 6165000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATIONAL RAILWAY CO · 2020-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Operating Cash Flow: 6165000000 CAD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 6165000000 CAD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686823000013/cni-20221231.htm#829362 Filing: 000001686823000013 The citation records this snapshot. The page link may show a newer release later.	CAD 2.86 billion Exact value Exact value: 2863000000 CAD 2020-01-01 – 2020-12-31: 2863000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATIONAL RAILWAY CO · 2020-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Capital Expenditure: 2863000000 CAD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 2863000000 CAD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686823000013/cni-20221231.htm#833293 Filing: 000001686823000013 The citation records this snapshot. The page link may show a newer release later.	CAD 3.3 billion Calculation and evidence 6165000000 − 2863000000 CAD Exact free cash flow: 3302000000 CAD 2020-01-01 – 2020-12-31: 6165000000 CAD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 2863000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATIONAL RAILWAY CO · 2020-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Free cash flow: 3302000000 CAD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 6165000000 CAD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686823000013/cni-20221231.htm#829362 Filing: 000001686823000013 Input fundies:CapitalExpenditure: 2863000000 CAD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686823000013/cni-20221231.htm#833293 Filing: 000001686823000013 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	CAD 4.9 billion Exact value Exact value: 4899000000 CAD 2021-01-01 – 2021-12-31: 4899000000 CAD Inspect Net Income Open source Share or cite Citation for Net Income · CANADIAN NATIONAL RAILWAY CO · 2021-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Net Income: 4899000000 CAD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=CAD&dimensions= Input fundies:NetIncome: 4899000000 CAD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686824000009/cni-20231231.htm#1063332 Filing: 000001686824000009 The citation records this snapshot. The page link may show a newer release later.	CAD 6.97 billion Exact value Exact value: 6971000000 CAD 2021-01-01 – 2021-12-31: 6971000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATIONAL RAILWAY CO · 2021-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Operating Cash Flow: 6971000000 CAD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 6971000000 CAD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686824000009/cni-20231231.htm#688260 Filing: 000001686824000009 The citation records this snapshot. The page link may show a newer release later.	CAD 2.89 billion Exact value Exact value: 2891000000 CAD 2021-01-01 – 2021-12-31: 2891000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATIONAL RAILWAY CO · 2021-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Capital Expenditure: 2891000000 CAD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 2891000000 CAD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686824000009/cni-20231231.htm#690723 Filing: 000001686824000009 The citation records this snapshot. The page link may show a newer release later.	CAD 4.08 billion Calculation and evidence 6971000000 − 2891000000 CAD Exact free cash flow: 4080000000 CAD 2021-01-01 – 2021-12-31: 6971000000 CAD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 2891000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATIONAL RAILWAY CO · 2021-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Free cash flow: 4080000000 CAD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 6971000000 CAD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686824000009/cni-20231231.htm#688260 Filing: 000001686824000009 Input fundies:CapitalExpenditure: 2891000000 CAD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686824000009/cni-20231231.htm#690723 Filing: 000001686824000009 The citation records this snapshot. The page link may show a newer release later.
2022 2022-01-01 – 2022-12-31	CAD 5.12 billion Exact value Exact value: 5118000000 CAD 2022-01-01 – 2022-12-31: 5118000000 CAD Inspect Net Income Open source Share or cite Citation for Net Income · CANADIAN NATIONAL RAILWAY CO · 2022-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Net Income: 5118000000 CAD Concept: fundies:NetIncome Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ANetIncome&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=CAD&dimensions= Input fundies:NetIncome: 5118000000 CAD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686825000011/cni-20241231.htm#1026346 Filing: 000001686825000011 The citation records this snapshot. The page link may show a newer release later.	CAD 6.67 billion Exact value Exact value: 6667000000 CAD 2022-01-01 – 2022-12-31: 6667000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATIONAL RAILWAY CO · 2022-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Operating Cash Flow: 6667000000 CAD Concept: fundies:OperatingCashFlow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3AOperatingCashFlow&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 6667000000 CAD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686825000011/cni-20241231.htm#674075 Filing: 000001686825000011 The citation records this snapshot. The page link may show a newer release later.	CAD 2.75 billion Exact value Exact value: 2750000000 CAD 2022-01-01 – 2022-12-31: 2750000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATIONAL RAILWAY CO · 2022-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Capital Expenditure: 2750000000 CAD Concept: fundies:CapitalExpenditure Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ACapitalExpenditure&period=2022-12-31&surface=latest&period_type=duration&start=2022-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 2750000000 CAD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686825000011/cni-20241231.htm#676616 Filing: 000001686825000011 The citation records this snapshot. The page link may show a newer release later.	CAD 3.92 billion Calculation and evidence 6667000000 − 2750000000 CAD Exact free cash flow: 3917000000 CAD 2022-01-01 – 2022-12-31: 6667000000 CAD · Inspect Operating Cash Flow · Source 2022-01-01 – 2022-12-31: 2750000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATIONAL RAILWAY CO · 2022-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Free cash flow: 3917000000 CAD Concept: free-cash-flow Period: 2022-01-01 to 2022-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 6667000000 CAD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686825000011/cni-20241231.htm#674075 Filing: 000001686825000011 Input fundies:CapitalExpenditure: 2750000000 CAD (2022-01-01 to 2022-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686825000011/cni-20241231.htm#676616 Filing: 000001686825000011 The citation records this snapshot. The page link may show a newer release later.
2023 2023-01-01 – 2023-12-31	CAD 5.63 billion Exact value Exact value: 5625000000 CAD 2023-01-01 – 2023-12-31: 5625000000 CAD Inspect Net Income Open source Share or cite Citation for Net Income · CANADIAN NATIONAL RAILWAY CO · 2023-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Net Income: 5625000000 CAD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=CAD&dimensions= Input fundies:NetIncome: 5625000000 CAD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1116099 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.	CAD 6.97 billion Exact value Exact value: 6965000000 CAD 2023-01-01 – 2023-12-31: 6965000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATIONAL RAILWAY CO · 2023-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Operating Cash Flow: 6965000000 CAD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 6965000000 CAD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#706080 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.	CAD 3.19 billion Exact value Exact value: 3187000000 CAD 2023-01-01 – 2023-12-31: 3187000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATIONAL RAILWAY CO · 2023-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Capital Expenditure: 3187000000 CAD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 3187000000 CAD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#708543 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.	CAD 3.78 billion Calculation and evidence 6965000000 − 3187000000 CAD Exact free cash flow: 3778000000 CAD 2023-01-01 – 2023-12-31: 6965000000 CAD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 3187000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATIONAL RAILWAY CO · 2023-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Free cash flow: 3778000000 CAD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 6965000000 CAD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#706080 Filing: 000001686826000011 Input fundies:CapitalExpenditure: 3187000000 CAD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#708543 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	CAD 4.45 billion Exact value Exact value: 4448000000 CAD 2024-01-01 – 2024-12-31: 4448000000 CAD Inspect Net Income Open source Share or cite Citation for Net Income · CANADIAN NATIONAL RAILWAY CO · 2024-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Net Income: 4448000000 CAD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=CAD&dimensions= Input fundies:NetIncome: 4448000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1115297 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.	CAD 6.7 billion Exact value Exact value: 6699000000 CAD 2024-01-01 – 2024-12-31: 6699000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATIONAL RAILWAY CO · 2024-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Operating Cash Flow: 6699000000 CAD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 6699000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#705477 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.	CAD 3.55 billion Exact value Exact value: 3549000000 CAD 2024-01-01 – 2024-12-31: 3549000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATIONAL RAILWAY CO · 2024-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Capital Expenditure: 3549000000 CAD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 3549000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1227644 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.	CAD 3.15 billion Calculation and evidence 6699000000 − 3549000000 CAD Exact free cash flow: 3150000000 CAD 2024-01-01 – 2024-12-31: 6699000000 CAD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 3549000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATIONAL RAILWAY CO · 2024-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Free cash flow: 3150000000 CAD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 6699000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#705477 Filing: 000001686826000011 Input fundies:CapitalExpenditure: 3549000000 CAD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1227644 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	CAD 4.72 billion Exact value Exact value: 4720000000 CAD 2025-01-01 – 2025-12-31: 4720000000 CAD Inspect Net Income Open source Share or cite Citation for Net Income · CANADIAN NATIONAL RAILWAY CO · 2025-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Net Income: 4720000000 CAD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=CAD&dimensions= Input fundies:NetIncome: 4720000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1114381 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.	CAD 7.05 billion Exact value Exact value: 7049000000 CAD 2025-01-01 – 2025-12-31: 7049000000 CAD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · CANADIAN NATIONAL RAILWAY CO · 2025-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Operating Cash Flow: 7049000000 CAD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=CAD&dimensions= Input fundies:OperatingCashFlow: 7049000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#704760 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.	CAD 3.66 billion Exact value Exact value: 3658000000 CAD 2025-01-01 – 2025-12-31: 3658000000 CAD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · CANADIAN NATIONAL RAILWAY CO · 2025-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Capital Expenditure: 3658000000 CAD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=CAD&dimensions= Input fundies:CapitalExpenditure: 3658000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1227321 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.	CAD 3.39 billion Calculation and evidence 7049000000 − 3658000000 CAD Exact free cash flow: 3391000000 CAD 2025-01-01 – 2025-12-31: 7049000000 CAD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 3658000000 CAD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · CANADIAN NATIONAL RAILWAY CO · 2025-12-31 CANADIAN NATIONAL RAILWAY CO (edgar:16868) Free cash flow: 3391000000 CAD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T09:32:59Z Snapshot: 2e167c544acd282b1ed83fd55a50ba564bc60fa7bc814e8250bdebe50baf9663 Dimensions: Consolidated View: https://fundies.io/companies/edgar/16868?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 7049000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#704760 Filing: 000001686826000011 Input fundies:CapitalExpenditure: 3658000000 CAD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/16868/000001686826000011/cni-20251231.htm#1227321 Filing: 000001686826000011 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

461 filings · 1,473 latest values · 1,473 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0000016868, 16868, CNI, cni, edgar:16868

Also known as CANADIAN NATIONAL RAILWAY COMPANY, CANADIAN NATIONAL RAILWAY CO, CANADIAN NATIONAL RAILWAY COMPANY, Canadian National Railway Company

CANADIAN NATIONAL RAILWAY CO

Latest fiscal year

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation