To the full analysis
Buyback calculator for Canadian National Railway
Canadian National Railway stock: key metrics
CNICanadian National Railway had an operating margin of 38.1% and a return on invested capital (ROIC) of 11.7% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 73.0% | 38.2% | 26.3% |
| 2007 | 70.6% | 36.4% | 27.3% |
| 2008 | 67.0% | 34.1% | 22.3% |
| 2009 | 71.1% | 32.7% | 25.2% |
| 2010 | 40.9% | 36.4% | 25.4% |
| 2011 | 39.6% | 36.5% | 27.2% |
| 2012 | 40.6% | 37.1% | 27.0% |
| 2013 | 39.4% | 36.6% | 24.7% |
| 2014 | 41.1% | 38.1% | 26.1% |
| 2015 | 44.9% | 41.8% | 28.1% |
| 2016 | 44.8% | 41.8% | 30.2% |
| 2017 | 43.5% | 40.2% | 42.1% |
| 2018 | 41.6% | 38.4% | 30.2% |
| 2019 | 40.8% | 37.5% | 28.3% |
| 2020 | 41.8% | 34.6% | 25.7% |
| 2021 | 41.9% | 38.8% | 33.8% |
| 2022 | 43.2% | 40.0% | 29.9% |
| 2023 | 42.5% | 39.2% | 33.4% |
| 2024 | 40.9% | 36.6% | 26.1% |
| 2025 | 44.9% | 38.1% | 27.3% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 21.2% | 15.2% | 8.7% |
| 2007 | 21.2% | 14.3% | 9.2% |
| 2008 | 17.9% | 11.9% | 7.1% |
| 2009 | 16.5% | 10.7% | 7.4% |
| 2010 | 18.6% | 12.9% | 8.3% |
| 2011 | 23.0% | 14.2% | 9.4% |
| 2012 | 24.3% | 15.5% | 10.1% |
| 2013 | 20.2% | 14.7% | 8.7% |
| 2014 | 23.5% | 15.9% | 10.0% |
| 2015 | 23.7% | 16.3% | 9.7% |
| 2016 | 24.5% | 14.6% | 9.8% |
| 2017 | 32.9% | 19.8% | 14.6% |
| 2018 | 24.5% | 14.6% | 10.5% |
| 2019 | 23.4% | 14.0% | 9.6% |
| 2020 | 18.0% | 11.6% | 7.9% |
| 2021 | 21.5% | 12.9% | 10.1% |
| 2022 | 23.9% | 14.4% | 10.1% |
| 2023 | 28.0% | 15.2% | 10.7% |
| 2024 | 21.1% | 11.8% | 7.8% |
| 2025 | 21.9% | 11.7% | 8.1% |
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.