(CNI) Canadian National Railway - Overview

Sector: Industrials | Industry: Railroads | Exchange: NYSE (USA) | Market Cap: 63.777m USD | Total Return: 15% in 12m

Rail Freight, Intermodal, Trucking, Logistics
Total Rating 52
Safety 70
Buy Signal 0.56
Railroads
Industry Rotation: +0.5
Market Cap: 63.8B
Avg Turnover: 157M USD
ATR: 2.16%
Peers RS (IBD): 48.2
Risk 5d forecast
Volatility21.1%
Rel. Tail Risk-0.03%
Reward TTM
Sharpe Ratio0.80
Alpha-3.32
Character TTM
Beta0.571
Beta Downside0.834
Drawdowns 3y
Max DD29.13%
CAGR/Max DD-0.03
EPS (Earnings per Share) EPS (Earnings per Share) of CNI over the last years for every Quarter: "2021-03": 1.23, "2021-06": 1.49, "2021-09": 1.52, "2021-12": 1.71, "2022-03": 1.32, "2022-06": 1.93, "2022-09": 2.13, "2022-12": 2.1, "2023-03": 1.82, "2023-06": 1.76, "2023-09": 1.69, "2023-12": 2.02, "2024-03": 1.72, "2024-06": 1.84, "2024-09": 1.72, "2024-12": 1.82, "2025-03": 1.85, "2025-06": 1.87, "2025-09": 1.83, "2025-12": 2.03,
EPS CAGR: 12.16%
EPS Trend: 27.9%
Last SUE: 0.76
Qual. Beats: 0
Revenue Revenue of CNI over the last years for every Quarter: 2021-03: 3535, 2021-06: 3598, 2021-09: 3591, 2021-12: 3753, 2022-03: 3708, 2022-06: 4344, 2022-09: 4513, 2022-12: 4542, 2023-03: 4313, 2023-06: 4057, 2023-09: 3987, 2023-12: 4471, 2024-03: 4249, 2024-06: 4329, 2024-09: 4110, 2024-12: 4358, 2025-03: 4403, 2025-06: 4272, 2025-09: 4170.898223, 2025-12: 4460.362134,
Rev. CAGR: 5.05%
Rev. Trend: 22.6%
Last SUE: -0.01
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: CNI Canadian National Railway

Canadian National Railway Company (CNI) operates an integrated rail and transportation network across Canada and the United States. The company provides diverse services including rail transport, intermodal freight solutions, and trucking.

CNIs business model centers on freight transportation, serving a wide array of industries. These include automotive, agriculture (grain, fertilizers), natural resources (coal, forest products, metals, petroleum, chemicals), and consumer goods. Rail transportation is a capital-intensive industry due to significant infrastructure requirements.

The company also offers specialized services such as customs brokerage, transloading, warehousing, and logistics parks. Intermodal services, combining multiple transport modes, are a key component of modern supply chains.

Further analysis of CNIs operational efficiency and market position is available on ValueRay.

Headlines to Watch Out For
  • Grain shipments volume impacts freight revenue
  • Fuel price fluctuations influence operating costs
  • North American economic growth drives demand
  • Regulatory changes affect operational efficiency
  • Intermodal traffic growth boosts transportation revenue
Piotroski VR‑10 (Strict) 6.0
Net Income: 4.72b TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.27 > 1.0
NWC/Revenue: -7.07% < 20% (prev -7.96%; Δ 0.89% < -1%)
CFO/TA 0.12 > 3% & CFO 7.05b > Net Income 4.72b
Net Debt (21.46b) to EBITDA (8.82b): 2.43 < 3
Current Ratio: 0.67 > 1.5 & < 3
Outstanding Shares: last quarter (616.0m) vs 12m ago -2.14% < -2%
Gross Margin: 43.58% > 18% (prev 0.41%; Δ 4.32k% > 0.5%)
Asset Turnover: 29.95% > 50% (prev 29.87%; Δ 0.08% > 0%)
Interest Coverage Ratio: 8.11 > 6 (EBITDA TTM 8.82b / Interest Expense TTM 848.8m)
Altman Z'' 2.32
A: -0.02 (Total Current Assets 2.47b - Total Current Liabilities 3.69b) / Total Assets 58.51b
B: 0.32 (Retained Earnings 18.90b / Total Assets 58.51b)
C: 0.12 (EBIT TTM 6.88b / Avg Total Assets 57.79b)
D: 0.58 (Book Value of Equity 21.29b / Total Liabilities 36.96b)
Altman-Z'' Score: 2.32 = BBB
Beneish M -3.21
DSRI: 0.84 (Receivables 1.12b/1.31b, Revenue 17.31b/17.05b)
GMI: 0.94 (GM 43.58% / 40.87%)
AQI: 1.05 (AQ_t 0.11 / AQ_t-1 0.11)
SGI: 1.02 (Revenue 17.31b / 17.05b)
TATA: -0.04 (NI 4.72b - CFO 7.05b) / TA 58.51b)
Beneish M-Score: -3.21 (Cap -4..+1) = AA
What is the price of CNI shares? As of April 10, 2026, the stock is trading at USD 110.14 with a total of 2,031,002 shares traded.
Over the past week, the price has changed by +5.72%, over one month by +2.66%, over three months by +12.01% and over the past year by +14.95%.
Is CNI a buy, sell or hold? Canadian National Railway has received a consensus analysts rating of 3.69. Therefor, it is recommend to hold CNI.
  • StrongBuy: 9
  • Buy: 7
  • Hold: 14
  • Sell: 1
  • StrongSell: 1
What are the forecasts/targets for the CNI price?
Analysts Target Price 109.5 -0.6%
Canadian National Railway (CNI) - Fundamental Data Overview as of 06 April 2026
P/E Trailing = 19.1156
P/E Forward = 18.2815
P/S = 3.6857
P/B = 4.1064
P/EG = 2.1187
Revenue TTM = 17.31b USD
EBIT TTM = 6.88b USD
EBITDA TTM = 8.82b USD
Long Term Debt = 20.30b USD (from longTermDebt, last quarter)
Short Term Debt = 905.3m USD (from shortTermDebt, last quarter)
Debt = 21.82b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 21.46b USD (from netDebt column, last quarter)
Enterprise Value = 85.25b USD (63.78b + Debt 21.82b - CCE 350.0m)
Interest Coverage Ratio = 8.11 (Ebit TTM 6.88b / Interest Expense TTM 848.8m)
EV/FCF = 25.15x (Enterprise Value 85.25b / FCF TTM 3.39b)
FCF Yield = 3.98% (FCF TTM 3.39b / Enterprise Value 85.25b)
FCF Margin = 19.59% (FCF TTM 3.39b / Revenue TTM 17.31b)
Net Margin = 27.27% (Net Income TTM 4.72b / Revenue TTM 17.31b)
Gross Margin = 43.58% ((Revenue TTM 17.31b - Cost of Revenue TTM 9.76b) / Revenue TTM)
Gross Margin QoQ = 46.30% (prev 44.90%)
Tobins Q-Ratio = 1.46 (Enterprise Value 85.25b / Total Assets 58.51b)
Interest Expense / Debt = 1.07% (Interest Expense 233.8m / Debt 21.82b)
Taxrate = 25.22% (420.7m / 1.67b)
NOPAT = 5.14b (EBIT 6.88b * (1 - 25.22%))
Current Ratio = 0.67 (Total Current Assets 2.47b / Total Current Liabilities 3.69b)
Debt / Equity = 1.01 (Debt 21.82b / totalStockholderEquity, last quarter 21.55b)
Debt / EBITDA = 2.43 (Net Debt 21.46b / EBITDA 8.82b)
Debt / FCF = 6.33 (Net Debt 21.46b / FCF TTM 3.39b)
Total Stockholder Equity = 21.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.17% (Net Income 4.72b / Total Assets 58.51b)
RoE = 21.95% (Net Income TTM 4.72b / Total Stockholder Equity 21.50b)
RoCE = 16.46% (EBIT 6.88b / Capital Employed (Equity 21.50b + L.T.Debt 20.30b))
RoIC = 12.14% (NOPAT 5.14b / Invested Capital 42.39b)
WACC = 6.16% (E(63.78b)/V(85.60b) * Re(7.99%) + D(21.82b)/V(85.60b) * Rd(1.07%) * (1-Tc(0.25)))
Discount Rate = 7.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.47%
[DCF] Terminal Value 85.46% ; FCFF base≈3.29b ; Y1≈3.22b ; Y5≈3.27b
[DCF] Fair Price = 116.4 (EV 92.65b - Net Debt 21.46b = Equity 71.20b / Shares 611.4m; r=6.16% [WACC]; 5y FCF grow -3.17% → 3.0% )
EPS Correlation: 27.87 | EPS CAGR: 12.16% | SUE: 0.76 | # QB: 0
Revenue Correlation: 22.57 | Revenue CAGR: 5.05% | SUE: -0.01 | # QB: 0
EPS next Quarter (2026-06-30): EPS=1.94 | Chg7d=-0.004 | Chg30d=-0.000 | Revisions Net=-1 | Analysts=22
EPS current Year (2026-12-31): EPS=7.84 | Chg7d=-0.006 | Chg30d=-0.026 | Revisions Net=-2 | Growth EPS=+2.8% | Growth Revenue=+2.3%
EPS next Year (2027-12-31): EPS=8.72 | Chg7d=-0.001 | Chg30d=-0.049 | Revisions Net=-1 | Growth EPS=+11.2% | Growth Revenue=+4.9%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 2.8% (Discount Rate 8.0% - Earnings Yield 5.2%)
[Growth] Growth Spread = +0.1% (Analyst 2.8% - Implied 2.8%)
External Resources
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