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StockVS

TSX · Railroads · CAD

Canadian National Railway Company (CNR.TO) Stock Analysis

Canadian National Railway Company (CNR.TO) is a Railroads stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

CNR.TO

CA$171.53

+CA$0.94 (+0.55%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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CNR.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$170.00
Previous Close
CA$170.59
Day's Range
170.00–172.55
52-Week Range
128.05–185.25
Volume
760.25K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.99
Valuation
Market Cap
CA$103.05B
P/E Ratio
21.90
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
19.00
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.46
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
5.80
EPS (ttm)Profit attributable to each share over the last twelve months.
7.79
Financials (FY)
Revenue (FY)
CA$17.30B+1.51%
Net Income (FY)
CA$4.72B+6.12%
Profit marginThe share of revenue left as profit after all costs and taxes.
26.92%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
604.10M
1-Year Return
+31.15%
Dividend and dates
Dividend
CA$3.66+2.16%
Ex-Dividend Date
September 8, 2026
Earnings Date
October 30, 2026
Avg Volume
1.35M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, CNR.TO closed at CA$171.53, +31.15% over 1 year.

Canadian National Railway Company (CNR.TO) has a market capitalization of CA$103.05B.

In fiscal 2025, CNR.TO reported revenue of CA$17.30B.

CNR.TO Stock Return by Calendar Year

Canadian National Railway Company (CNR.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$13,115
+31.15%
5 years
CA$10,000 CA$11,549
+15.49%
10 years
CA$10,000 CA$23,661
+136.61%

If you had invested CA$10,000 in Canadian National Railway Company (CNR.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$23,661 at the close on October 21, 2026: +136.61% in total, +8.99% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+27.84%
2025−4.60%
2024−10.53%
2023+5.67%
2022+5.47%
2021+12.88%
2020+21.30%
2019+18.29%
2018−0.77%
2017+16.60%
2016 (partial year)+7.67%

As of October 21, 2026.

CNR.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$17.30BCA$4.72B27.3%
2024CA$17.05BCA$4.45B26.1%
2023CA$16.83BCA$5.63B33.4%
2022CA$17.11BCA$5.12B29.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$17.30BCA$7.33BCA$6.59BCA$4.72B27.3%
2024CA$17.05BCA$6.97BCA$6.33BCA$4.45B26.1%
2023CA$16.83BCA$7.15BCA$6.60BCA$5.63B33.4%
2022CA$17.11BCA$7.40BCA$6.84BCA$5.12B29.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

CNR.TO Dividend History

CA$3.55+5.1% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$2.753—
2025CA$3.554+5.1%
2024CA$3.384+7.0%
2023CA$3.164+7.8%
YearDividends per sharePaymentsChange
2026 (partial year)CA$2.753—
2025CA$3.554+5.1%
2024CA$3.384+7.0%
2023CA$3.164+7.8%
2022CA$2.934+19.2%
2021CA$2.464+7.0%
2020CA$2.304+6.9%
2019CA$2.154+18.2%
2018CA$1.824+10.2%
2017CA$1.654+340.5%
2016CA$0.381—

Most recent payment: CA$0.92 per share, ex-dividend September 8, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

CNR.TO Valuation vs Railroads Median

Median of 13 stocks
MetricCNR.TORailroads medianvs median
P/E21.9028.0622% below
P/S ratio5.803.3573% above
Profit margin26.92%13.61%13.3 pts above

Medians across 13 Railroads stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Canadian National Railway Company (CNR.TO) is capitalised at CA$103.05B on the latest close. It is classified in the Railroads industry, within the Industrials sector. Headcount on file is 23,825.

CNR.TO last closed at CA$171.53 on October 21, 2026. That is +CA$0.94 (+0.55%) against the previous close. Over the past 52 weeks the price has ranged from CA$128.05 to CA$185.25. The latest close sits 33.96% above that 52-week low.

Financial Health

In fiscal 2025, Canadian National Railway Company reported revenue of CA$17.30B. That is +1.51% against the prior fiscal year, when revenue was CA$17.05B. The same year closed with net income of CA$4.72B. That is +6.12% against the prior fiscal year. The reported profit margin is 26.92%. That is 13.3 percentage points above the Railroads median of 13.61%. Earnings per share on a trailing basis come to 7.79.

Across the 4 fiscal years on file, revenue moves from CA$17.11B in 2022 to CA$17.30B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 21.9 times earnings. That is 21.97% below the Railroads median of 28.06. The forward P/E on file is 19. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.46. Measured against sales, the shares trade at 5.8 times revenue. On price-to-sales that is 72.99% above the Railroads median of 3.35. The medians here are taken across 13 Railroads companies that report the metric.

The reported beta is 0.99. Daily returns over the trailing 10 years annualize to a volatility of 20.84%. Over the trailing twelve months the total return is +31.15%. Measured over 10 years, that is +8.99% a year compounded.

Growth & Income

Shareholders receive a dividend, yielding 2.16% on the latest price. That is 0.3 percentage points above the Railroads median yield of 1.82%. The indicated annual rate is CA$3.66 a share. The ex-dividend date on file is September 8, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$2.75 a share. The year before, 2025, totalled CA$3.55 a share.

So far in 2026 the total return is +27.84%. The strongest complete calendar year on file is 2020 at +21.30%; the weakest is 2024 at −10.53%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Canadian National Railway Company (CNR.TO) operates in the Railroads industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Canadian National Railway Company CNR.TO CA$103.05B 21.9
Union Pacific Corporation UNP $171.02B 23.3
CSX Corporation CSX $89.66B 28.1
Canadian Pacific Kansas City Limited CP $77.45B 28.3

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Railroads industry average P/E ratio is 28.1x. Canadian National Railway Company trades at a P/E of 21.9.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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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; intermodal services, such as temperature controlled multimodal, mobile transport trays, port partnerships, transloading and distribution, logistics parks, trucking, and supply chain services. It also offers connecting to rail, short lines, maps and network services. The company serves automotive, coal, fertilizers, temperature controlled cargo, forest products, dimensional, grain, metal and minerals, petroleum and chemicals, consumer goods, and third party logistics applications. Canadian National Railway Company was incorporated in 1919 and is headquartered in Montreal, Canada.

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