Also trades as: CNR.TO (TSX) · $vol 170M
CNI NYSE
Canadian National Railway Company
1W: +2.7%
1M: +1.9%
3M: -4.3%
YTD: +25.0%
1Y: +31.6%
3Y: +25.6%
5Y: +10.9%
$125.53
+2.25 (+1.83%)
After Hours: $124.72 (-0.81, -0.65%)
Weekly Expected Move ±2.8%
$116
$120
$123
$127
$130
Credit Risk of going bust: lower than 86% of companies Debt: 17.8% of company value Bonds: $153.2M held by 175 funds, 58 bp over Treasuries → details ▾
If the stock fell to about $1.35 (down 99%), Canadian National Railway Company would be worth roughly what it owes.
Total debt $16.15B against a stock market value of $74.60B.
Distance to default 11.75 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $8.13B (short-term plus half of long-term), stock volatility 22.0%; Altman Z'' 2.37. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Total debt $16.15B against a stock market value of $74.60B.
Distance to default 11.75 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $8.13B (short-term plus half of long-term), stock volatility 22.0%; Altman Z'' 2.37. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Overview
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Smart Money
Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Analysis
Technicals
Weather
Peers
ESG
Institutions
ETF Exposure
Dark Pool
Short Interest
Cash Flow Trends
Operating Cash Flow
$7.0B
+5.1% ▲
5Y CAGR: +2.7%
Capital Expenditures
$3.7B
-3.0% ▼
5Y CAGR: +5.0%
Free Cash Flow
$3.4B
+7.6% ▲
5Y CAGR: +0.5%
Dividends Paid
$2.2B
-3.2% ▼
Buybacks
$2.1B
+20.1% ▲
Net Change in Cash
-$20M
+96.2% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $4.9B | $5.1B | $5.6B | $4.4B | $4.7B |
| Depreciation & Amort. | $1.6B | $1.7B | $1.8B | $1.9B | $1.9B |
| Stock-Based Comp. | $0 | $0 | $0 | $0 | $0 |
| Change in Working Capital | $147M | -$411M | -$53M | $92M | $467M |
| Other Non-Cash Items | -$186M | -$173M | -$136M | -$58M | -$410M |
| Operating Cash Flow | $7.0B | $6.7B | $7.0B | $6.7B | $7.0B |
| — Investing Activities — | |||||
| Capital Expenditures | -$2.9B | -$2.8B | -$3.2B | -$3.5B | -$3.7B |
| Acquisitions (Net) | -$22M | $0 | -$390M | $0 | $0 |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | $40M | $240M | $109M | -$58M | -$55M |
| Investing Cash Flow | -$2.9B | -$2.5B | -$3.5B | -$3.6B | -$3.7B |
| — Financing Activities — | |||||
| Net Debt Issuance | -$392M | $2.1B | $3.2B | $1.1B | $906M |
| Stock Repurchased | -$1.6B | -$4.8B | -$4.6B | -$2.6B | -$2.1B |
| Dividends Paid | -$1.7B | -$2.0B | -$2.1B | -$2.1B | -$2.2B |
| Other Financing | -$117M | $72M | $36M | $104M | -$6M |
| Financing Cash Flow | -$3.9B | -$4.7B | -$3.4B | -$3.6B | -$3.4B |
| Net Change in Cash | $241M | -$507M | $90M | -$523M | -$20M |
| Cash End of Period | $1.3B | $834M | $924M | $401M | $363M |
| Free Cash Flow | $4.1B | $3.9B | $3.8B | $3.1B | $3.4B |