Operating CF
7.15B CAD
Capex
−3.58B CAD
Free Cash Flow
3.57B CAD
FCF Margin
+50.0%
Cash flow waterfall for Canadian National Railway (CNI) — TTM through Q1 2026
Free cash flow: 3.57B CAD
Cash flow breakdown for Canadian National Railway (CNI) — TTM through Q1 2026
| Line item | Amount | Running total |
|---|---|---|
| Operating Cash Flow | 7.15B CAD | 7.15B CAD |
| Capital Expenditure | −3.58B CAD | 3.57B CAD |
| Free Cash Flow | 3.57B CAD | 3.57B CAD |
| Other Investing | 38.19M CAD | 3.61B CAD |
| Share Buybacks | −2.85B CAD | 759.70M CAD |
| Dividends Paid | −2.21B CAD | −1.45B CAD |
| Net Debt Change | 1.82B CAD | 368.47M CAD |
| Other Financing & FX | −27.54M CAD | 340.93M CAD |
| Net Cash Increase | 340.93M CAD | 340.93M CAD |
- Operating Cash Flow7.15B CAD
- Capital Expenditure−3.58B CAD
- Free Cash Flow3.57B CAD
- Other Investing38.19M CAD
- Share Buybacks−2.85B CAD
- Dividends Paid−2.21B CAD
- Net Debt Change1.82B CAD
- Other Financing & FX−27.54M CAD
- Net Cash Increase340.93M CAD
Want to see what drove the FCF change?Free Cash Flow Bridge
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