Loading…
CNI
Canadian National Railway Co
NYSE· Industrials· Railroads· CUSIP 136375102
$124.93+2.36%Price as of Oct 23, 00:40 UTC · updated once a day, after the close
At a glance
Canadian National Railway Co (CNI) is listed on NYSE and classified in Railroads, part of the Industrials sector. It is headquartered in Montreal, Canada and has 23,825 employees. The company is worth $75.47B and trades at 22.2x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was CA$17.3B in fiscal 2025, up 1.5% from the year before. Net income was CA$4.72B. The share price is 5.0% below its 52-week high of $131.55. It pays a dividend yielding 2.07%, and has raised its annual dividend for 27 years in a row in our records. 11 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Bill Gates (Gates Foundation Trust), at $6.18B. In that quarter, 2 of them opened or added to the position and 5 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Analysis
Articles on this site that cover Canadian National Railway Co.
Key metrics
- Market cap
- $75.47B
- P/E
- 22.2x
- Forward P/E
- 19.6x
- P/B
- 4.9x
- Dividend yield
- 2.07%
- Payout
- 45.75%
- EPS
- $5.64
- ROE
- 22.02%
- Profit margin
- 26.92%
- Revenue growth
- +11.30%
- Beta
- 0.99
- 52-week high
- $131.55
- 52-week low
- $90.74
History
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CAD, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
Bill GatesHeldGates Foundation Trust · Q2 2026$6.18B51.83M shares · 18.0% of portfolio
Chris HohnReducedTCI Fund Management · Q2 2026$1.12B9.43M shares · 2.1% of portfolio- Cliff AsnessAddedAQR Capital Management · Q2 2026$167.67M1.41M shares · 0.1% of portfolio
- Two SigmaAddedTwo Sigma Investments · Q2 2026$166.75M1.4M shares · 0.1% of portfolio
- Steve CohenReducedPoint72 Asset Management · Q2 2026$59.89M502.28K shares · 0.1% of portfolio
- Israel EnglanderReducedMillennium Management · Q2 2026$56.41M473.15K shares · 0.0% of portfolio
- Tom GaynerHeldMarkel Group · Q2 2026$6.38M53.5K shares · 0.0% of portfolio
- Renaissance TechnologiesReducedRenaissance Technologies · Q2 2026$5.5M46.1K shares · 0.0% of portfolio
Prem WatsaHeldFairfax Financial Holdings · Q2 2026$2.95M24.8K shares · 0.1% of portfolio- Lee AinslieHeldMaverick Capital · Q2 2026$2.8M23.48K shares · 0.0% of portfolio
Ken GriffinReducedCitadel Advisors · Q2 2026$2.33M19.56K shares · 0.0% of portfolio
Price over time
▼ -3.8% over 5Y.
today you would have $1,012.11▲ +1.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $98.85 | $101.51 | $125.63 | $118.88 | |
| EPS | CA$7.57 | CA$7.01 | CA$8.53 | CA$7.44 | |
| Dividend yield | 1.91% | 1.93% | 2.43% | 1.85% | 1.89% |
| Profit margin | 28.60% | 27.28% | 26.09% | 33.43% | 29.92% |
| ROE | 22.91% | 21.88% | 21.13% | 27.96% | 23.93% |
This company reports in CAD, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CAD, so they are not shown; EPS is in CAD. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$57.15
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Earnings
$136.94
Median P/E of 24.3 among peers in the sector.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Operating
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividends
$136.61
Dividend growing 7.5% a year against a 9.0% required return, from the stock’s beta.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $97.05 (avg. of 2)+Dividends $136.61÷ 2 =$116.83
$116.83
3 methods answered, across 2 families.
$87.62
Room for errors in the reported numbers.
$124.93
-6.5% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| VRTVertiv Holdings Co | $195.59 | 44.3x | 15.8x | 0.13% | 43.94% | $75.3B |
| NSCNorfolk Southern Corp | $338.23 | 28.9x | 4.7x | 1.60% | 16.98% | $75.97B |
| RSGRepublic Services Inc | $241.90 | 34.3x | 6.2x | 1.11% | 18.15% | $74.07B |
| HWMHowmet Aerospace Inc. | $193.29 | 41.7x | 13.5x | 0.29% | 34.73% | $77.08B |
| NOCNorthrop Grumman Corp | $552.35 | 17.4x | 4.2x | 1.79% | 26.07% | $78.47B |
| FDXFedex Corp | $303.92 | 16.1x | 2.3x | 1.61% | 14.85% | $71.93B |
About the company
- 23,825
- Montreal, Canada