Canadian National Railway Company
Research Canadian National Railway Company (CNI) on Bullrun: valuation model: 0.5% overvalued, market cap USD 71.25B, P/E 20.9, dividend yield 1.7%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCNI
- ExchangeNYSE
- CountryCanada
- SectorIndustrials
- IndustryRailroads
- CurrencyUSD
- Valuation signal0.5% overvalued
- Market capUSD 71.25B
- P/E20.9
- Dividend yield1.7%
- Financial periodQ2 2026
- RevenueCAD 4.75B
- Net incomeCAD 1.25B
- Free cash flowCAD 916.00M
- Gross margin41.5%
Valuation Snapshot
Bullrun's latest valuation model marks Canadian National Railway Company as 0.5% overvalued; latest market cap is USD 71.25B; P/E is 20.9; dividend yield is 1.7%.
Peer valuation comparison
Latest P/E is 20.91x versus a Industrials sector median of 21.2x.
Latest dividend yield is 1.68% versus a Industrials sector median of 2.27% (26.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | CAD 17.30B | CAD 4.72B | CAD 3.39B | 42.4% | 7.57 | CAD 350.00M | CAD 21.63B | CAD 21.57B |
| FY2024 | CAD 17.05B | CAD 4.45B | CAD 3.15B | 40.9% | 7.01 | CAD 389.00M | CAD 21.37B | CAD 21.05B |
| FY2023 | CAD 16.83B | CAD 5.63B | CAD 3.78B | 42.5% | 8.53 | CAD 475.00M | CAD 18.89B | CAD 20.12B |
| FY2022 | CAD 17.11B | CAD 5.12B | CAD 3.92B | 43.2% | 7.44 | CAD 328.00M | CAD 15.90B | CAD 21.38B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 71.25B | 20.9 | 1.7% | 1.99 |
| 2025 | 2025-12-31 | USD 60.63B | 18.2 | 0.6% | 0.64 |
| 2024 | 2024-12-31 | USD 63.74B | 19.8 | 1.8% | 1.87 |
| 2023 | 2023-12-29 | USD 81.37B | 23.0 | 1.8% | 2.32 |
| 2022 | 2022-12-30 | USD 80.59B | 21.6 | 0.5% | 0.59 |
| 2021 | 2021-12-31 | USD 86.11B | 22.4 | n/a | n/a |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.99 USD, yield 1.7%.
| Year | Dividends/share |
|---|---|
| FY2025 | 0.64 CAD |
| FY2024 | 1.87 CAD |
| FY2023 | 2.32 CAD |
| FY2022 | 0.59 CAD |
About Canadian National Railway Company
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States. The company provides rail services, which include equipment, customs brokerage, transloading and warehousing, business development, dimensional loads, and private railcar storage, less-than-truckload, and mexico services;
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Frequently asked questions
Is Canadian National Railway Company overvalued or undervalued?
Bullrun's valuation model currently marks Canadian National Railway Company as 0.5% overvalued.
What is Canadian National Railway Company's market cap?
Canadian National Railway Company's market capitalization is USD 71.25B.
What is Canadian National Railway Company's P/E ratio?
Canadian National Railway Company's price-to-earnings (P/E) ratio is 20.9.
Does Canadian National Railway Company pay a dividend?
Canadian National Railway Company has a dividend yield of 1.7%.
What does Canadian National Railway Company do?
Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States. The company provides rail services, which include equipment, customs brokerage, transloading and warehousing, business development, dimensional loads, and private railcar storage, less-than-truckload, and mexico services; intermodal services, such as temperature controlled multimodal, mobile transport trays, port partnerships, transloading and distribution, logistics parks, trucking, and supply chain services.