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Canadian National Railway stock: growth

CNI
$127.78Closing price of 12 Nov 2026MEQIRI Score 73 out of 100

Canadian National Railway reported $12.13B in revenue for fiscal 2025, up 1.4% on the prior year, up 4.6% a year on average over up to five years.

Daily figure as of 13 Nov 2026

Revenue (Annual rate)
4.2%
per year from 2006 to 2025, per share 7.1%
Earnings (Annual rate)
4.4%
per year from 2006 to 2025, per share 7.3%
Free cash flow (Annual rate)
3.9%
per year from 2006 to 2025, per share 6.8%

Growth per year by period

What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.

since 2020since 2015since 2006
Revenue4.6%3.2%4.2%
Revenue per share7.4%5.9%7.1%
Earnings5.9%2.9%4.4%
Earnings per share8.6%5.6%7.3%
Free cash flow0.5%3.4%3.9%
Free cash flow per share3.3%6.0%6.8%

Fiscal years at a glance

How revenue and earnings grow

  • Revenue
  • Earnings
  • Free cash flow
Figures as a table
YearRevenueEarningsFree cash flow
2006$5.56B$1.46B$1.16B
2007$5.54B$1.51B$722.87M
2008$5.95B$1.33B$426M
2009$5.17B$1.3B$615.49M
2010$5.82B$1.48B$991.67M
2011$6.34B$1.72B$948.16M
2012$6.96B$1.88B$932.72M
2013$7.42B$1.83B$1.11B
2014$8.52B$2.22B$1.46B
2015$8.85B$2.48B$1.71B
2016$8.45B$2.55B$1.76B
2017$9.15B$3.85B$2B
2018$10.05B$3.04B$1.68B
2019$10.47B$2.96B$1.44B
2020$9.7B$2.49B$2.32B
2021$10.16B$3.44B$2.86B
2022$12.01B$3.59B$2.75B
2023$11.81B$3.95B$2.65B
2024$11.96B$3.12B$2.21B
2025$12.13B$3.31B$2.38B

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Currency
Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CA$1.4249)
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Strong, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
  • Valuation signal Undervalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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