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Canadian National Railway Company

CNIIndustrialsNASDAQ

Railroads · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$17.30B
+1.5% YoY
Net Income
$4.72B
+6.1% YoY
EBITDA
$9.12B
+5.6% YoY
Free Cash Flow
$2.60B

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About Canadian National Railway Company

Headquartered within the industrials sector, Canadian National Railway Company focuses on Railroads services and products. 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 carries a $73.54B market cap, placing it firmly in the large-cap category. 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.

Key stats
Market Cap$73.54B
P/E (TTM)22.04
Fwd P/E19.15
EPS$5.50
Beta0.99
52W Change+14.3%
Dividend Yield2.22%
ROE21.9%
Analysis

Canadian National Railway Company carries $22.67B in total debt against $586.0M in cash reserves — debt is roughly 38.7x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow comes in at $2.60B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 21.9% points to strong capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 7.6% suggests reasonable efficiency in deploying the company's asset base. Revenue has been relatively flat, moving from $17.11B (2022) to $17.30B (2025).

Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing CNI.

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