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Canadian National Railway CompanyTSX:CNR Stock Report

Market Cap CA$102.0b
Share Price
CA$167.94
CA$160.21
4.8% overvalued intrinsic discount
1Y17.3%
7D1.7%
1D
Portfolio Value
View

Canadian National Railway Company

TSX:CNR Stock Report

Market Cap: CA$102.0b

Canadian National Railway (CNR) Stock Overview

Engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States. More details

CNR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance5/6
Financial Health2/6
Dividends5/6

CNR Community Fair Values

Create Narrative

See what 209 others think this stock is worth. Follow their fair value or set your own to get alerts.

Canadian National Railway Company Competitors

Price History & Performance

Summary of share price highs, lows and changes for Canadian National Railway
Historical stock prices
Current Share PriceCA$167.94
52 Week HighCA$169.85
52 Week LowCA$126.11
Beta1
1 Month Change9.97%
3 Month Change16.17%
1 Year Change17.31%
3 Year Change10.30%
5 Year Change24.61%
Change since IPO3,813.17%

Recent News & Updates

Narrative Update Jun 04

CNR: Resource Corridors And Capital Discipline Will Support Future Earnings Compounding

Analysts have nudged the fair value estimate for Canadian National Railway slightly higher to CA$160.21, reflecting modest adjustments to discount rate assumptions, profitability expectations and the future P/E used in their updated price target work. Analyst Commentary Recent commentary around the CA$160.21 fair value estimate for Canadian National Railway has focused on how the stock balances long term earnings potential with execution demands and valuation discipline.
Narrative Update May 02

CNR: Shareholder Returns And Resource Corridors Will Support Future Earnings Compounding

Narrative Update Analysts have adjusted the fair value estimate for Canadian National Railway to CA$160.20 from CA$154.75, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent Street research on freight and natural resources exposed stocks points to a mix of optimism and caution that investors can apply when thinking about Canadian National Railway, especially around how commodity related volumes and pricing might feed into earnings and valuation.

Recent updates

Narrative Update Jun 04

CNR: Resource Corridors And Capital Discipline Will Support Future Earnings Compounding

Analysts have nudged the fair value estimate for Canadian National Railway slightly higher to CA$160.21, reflecting modest adjustments to discount rate assumptions, profitability expectations and the future P/E used in their updated price target work. Analyst Commentary Recent commentary around the CA$160.21 fair value estimate for Canadian National Railway has focused on how the stock balances long term earnings potential with execution demands and valuation discipline.
Narrative Update May 02

CNR: Shareholder Returns And Resource Corridors Will Support Future Earnings Compounding

Narrative Update Analysts have adjusted the fair value estimate for Canadian National Railway to CA$160.20 from CA$154.75, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent Street research on freight and natural resources exposed stocks points to a mix of optimism and caution that investors can apply when thinking about Canadian National Railway, especially around how commodity related volumes and pricing might feed into earnings and valuation.
Narrative Update Apr 14

CNR: Shareholder Returns And Infrastructure Stability Will Support Future Earnings Compounding

Analysts have inched their price target on Canadian National Railway lower by about CA$0.30 to CA$154.75, citing slightly more conservative assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts focus on Canadian National Railway's ability to support their fair value work with detailed assumptions on revenue, margin profile, and P/E.
Analysis Article Feb 03

Canadian National Railway (TSE:CNR) Will Pay A Larger Dividend Than Last Year At CA$0.915

Canadian National Railway Company ( TSE:CNR ) has announced that it will be increasing its periodic dividend on the...
Narrative Update Jan 26

CNR: Share Repurchases Will Support Earnings Compounding And Future Upside Potential

Analysts have made a small upward adjustment to their price target for Canadian National Railway, nudging it from C$154.95 to C$155.05 as they factor in updated assumptions around discount rates, revenue expectations, profit margin resilience and a slightly higher future P/E. What's in the News From July 1, 2025 to September 30, 2025, Canadian National Railway repurchased 7,700,000 shares for C$1,041m, representing 1.23% of its shares.
Narrative Update Jan 12

CNR: Share Repurchases Will Support Earnings Compounding And Future Upside Potential

Analysts have nudged their fair value estimate for Canadian National Railway slightly higher to $154.95 from $154.85, reflecting updated views on revenue growth, profit margins and future P/E assumptions. What's in the News From July 1, 2025 to September 30, 2025, Canadian National Railway repurchased 7,700,000 shares for CAD 1,041m, representing 1.23% of its shares.
Analysis Article Jan 03

Canadian National Railway Company's (TSE:CNR) Price In Tune With Earnings

It's not a stretch to say that Canadian National Railway Company's ( TSE:CNR ) price-to-earnings (or "P/E") ratio of...
Narrative Update Dec 17

CNR: Share Buybacks Will Support Earnings Compounding Amid Modest Macro Risks

Analysts have modestly raised their price target on Canadian National Railway, lifting estimated fair value by about C$4 to roughly C$155. This reflects slightly stronger expectations for revenue growth, margin expansion, and a lower future earnings multiple.
Analysis Article Nov 03

Analysts Are Updating Their Canadian National Railway Company (TSE:CNR) Estimates After Its Third-Quarter Results

The quarterly results for Canadian National Railway Company ( TSE:CNR ) were released last week, making it a good time...
New Narrative Oct 25

The Indispensable Artery for a New North American Economy

Core Thesis: Canadian National Railway (CN) is a wide-moat, irreplicable infrastructure asset whose recent cyclical underperformance has created an attractive entry point. I believe the market is underappreciating a powerful, long-term secular tailwind: the reshoring and nearshoring of critical manufacturing and supply chains to North America.
Narrative Update Oct 18

Tri-coastal Access And Operational Efficiency Will Unlock Value

Analysts have slightly lowered their price target for Canadian National Railway from $151.33 to $150.57, citing modest adjustments to discount rates and growth expectations. Analyst Commentary Recent analyst discussions around Canadian National Railway reflect a generally optimistic outlook, with several factors contributing to the positive sentiment.
Narrative Update Oct 04

Tri-coastal Access And Operational Efficiency Will Unlock Value

Analysts have revised Canadian National Railway's fair value price target down by approximately $1.43 CAD to $151.33. This change is attributed to modest reductions in the revenue growth outlook and a slight increase in discount rates, despite improved profit margin projections.
Analysis Article Jul 12

Canadian National Railway (TSE:CNR) Has A Pretty Healthy Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Jun 13

A Look At The Fair Value Of Canadian National Railway Company (TSE:CNR)

Key Insights The projected fair value for Canadian National Railway is CA$140 based on 2 Stage Free Cash Flow to Equity...
User avatar
New Narrative Nov 07

Optimizing Rail Operations And Decisive Growth Initiatives Drive Robust Future Earnings

Improved operational efficiency through better resource management and scheduling enhances capacity and potentially boosts earnings.

Shareholder Returns

CNRCA TransportationCA Market
7D1.7%2.5%-1.0%
1Y17.3%17.9%30.5%

Return vs Industry: CNR matched the Canadian Transportation industry which returned 17.9% over the past year.

Return vs Market: CNR underperformed the Canadian Market which returned 30.5% over the past year.

Price Volatility

Is CNR's price volatile compared to industry and market?
CNR volatility
CNR Average Weekly Movement3.4%
Transportation Industry Average Movement3.6%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.8%
10% least volatile stocks in CA Market3.8%

Stable Share Price: CNR has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CNR's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191923,541Tracy Robinsonwww.cn.ca

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and related transportation businesses in Canada and the United States. The company provides rail services, which include equipment, customs brokerage, transloading and warehousing, business development, dimensional loads, and private railcar storage, less-than-truckload, and mexico services; intermodal services, such as temperature controlled multimodal, mobile transport trays, port partnerships, transloading and distribution, logistics parks, trucking, and supply chain services. It also offers connecting to rail, short lines, maps and network services.

Canadian National Railway Company Fundamentals Summary

How do Canadian National Railway's earnings and revenue compare to its market cap?
CNR fundamental statistics
Market capCA$102.04b
Earnings (TTM)CA$4.71b
Revenue (TTM)CA$17.28b
21.7x
P/E Ratio
5.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CNR income statement (TTM)
RevenueCA$17.28b
Cost of RevenueCA$7.49b
Gross ProfitCA$9.79b
Other ExpensesCA$5.09b
EarningsCA$4.71b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 22, 2026

Earnings per share (EPS)7.74
Gross Margin56.66%
Net Profit Margin27.23%
Debt/Equity Ratio103.7%

How did CNR perform over the long term?

See historical performance and comparison

Dividends

2.2%
Current Dividend Yield
47%
Payout Ratio

Does CNR pay a reliable dividends?

See CNR dividend history and benchmarks
When do you need to buy CNR by to receive an upcoming dividend?
Canadian National Railway dividend dates
Ex Dividend DateJun 09 2026
Dividend Pay DateJun 30 2026
Days until Ex dividend1 day
Days until Dividend pay date22 days

Does CNR pay a reliable dividends?

See CNR dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 04:00
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Canadian National Railway Company is covered by 43 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Will ChienAccountability Research Corporation
John EadeArgus Research Company
Christopher MurrayATB Cormark