Canadian National Railway revenue and financials

CNR · TSX · CAD

$168.34−1.24%−$2.11

Close · October 6, 2026

In the fiscal year ended December 2025, Canadian National Railway reported revenue of $17.3B (+1.51% year over year). Net income was $4.72B, a net margin of 27.3%.

Annual revenue · 2025: $17.3B

$12.04B2016
$13.04B2017
$14.32B2018
$14.92B2019
$13.82B2020
$14.48B2021
$17.11B2022
$16.83B2023
$17.05B2024
$17.3B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +1.51%; 2025 vs 2024
Net income growth: +6.12%; 2025 vs 2024
Net margin: 27.3%; 2024: 26.1%

Financial data

Amounts in millions of CAD; per-share values in CAD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	58,555	57,067	52,666	50,662	48,538	44,804	43,784	41,214	37,629	37,057
Current assets	2,471	2,619	3,089	3,217	3,426	3,102	2,830	2,728	2,190	2,107
Cash and equivalents	350	389	475	328	838	569	64.0	266	70.0	176
Receivables	1,117	1,307	1,300	1,417	1,074	1,139	1,432	1,169	984	875
Inventory	734	720	699	692	589	583	611	557	424	363
Net property, plant and equipment	47,908	46,777	43,493	42,493	40,170	39,119	38,905	36,664	33,425	33,185
Goodwill	100	71.0	70.0	70.0	70.0	70.0	77.0	—	—	—
Other intangible assets	1,800	1,796	1,679	1,651	1,592	1,530	1,436	1,182	826	637
Long-term investments	111	428	402	94.0	119	83.0	84.0	70.0	73.0	68.0
Current liabilities	3,696	3,976	5,035	3,842	3,120	3,274	4,287	3,500	3,983	3,008
Accounts payable	890	1,031	968	954	903	780	866	982	738	484
Long-term debt	20,299	19,722	16,126	14,363	11,974	11,992	11,791	11,366	8,748	9,448
Total debt	21,630	21,371	18,888	15,895	12,915	13,324	14,297	12,569	10,828	10,937
Total liabilities	36,987	36,016	32,549	29,278	25,794	25,153	25,743	23,573	20,973	22,216
Total equity (incl. minority)	21,568	21,051	20,117	21,384	22,744	19,651	18,041	17,641	16,656	14,841
Retained earnings	18,918	18,354	18,655	19,529	20,987	19,161	17,634	16,623	15,561	13,242