Latest period
$2.59B
YoY change
+3.4%
5Y CAGR
+3.6%
Peak year (2019)
$2.93B
Cumulative CapEx
$46.74B
CapEx history chart for Canadian National Railway (CNI) from 1995 to 2025
Latest: $2.62B
CapEx growth chart for Canadian National Railway (CNI) from 1995 to 2025
Latest: +3.4%
CapEx history table for Canadian National Railway (CNI) from 1995 to 2025
| 2025 | $2.62B | +3.4% | +$85.58M | ||
| 2024 | $2.54B | +8.3% | +$194.24M | ||
| 2023 | $2.34B | +15.8% | +$318.89M | ||
| 2022 | $2.02B | -11.9% | −$272.36M | ||
| 2021 | $2.30B | +4.5% | +$98.70M | ||
| 2020 | $2.20B | -25.0% | −$731.45M | ||
| 2019 | $2.93B | +9.5% | +$254.83M | ||
| 2018 | $2.67B | +27.0% | +$568.28M | ||
| 2017 | $2.11B | +4.2% | +$85.37M | ||
| 2016 | $2.02B | -0.4% | −$8.62M | ||
| 2015 | $2.03B | +0.3% | +$6.05M | ||
| 2014 | $2.02B | +7.5% | +$141.18M | ||
| 2013 | $1.88B | +7.7% | +$134.86M | ||
| 2012 | $1.75B | +10.0% | +$158.19M | ||
| 2011 | $1.59B | +1.4% | +$22.64M | ||
| 2010 | $1.57B | +17.8% | +$236.88M | ||
| 2009 | $1.33B | +12.5% | +$147.34M | ||
| 2008 | $1.18B | -16.5% | −$233.03M | ||
| 2007 | $1.41B | +24.1% | +$274.31M | ||
| 2006 | $1.14B | +12.9% | +$130.17M | ||
| 2005 | $1.01B | +15.1% | +$132.23M | ||
| 2004 | $878.11M | +10.4% | +$82.96M | ||
| 2003 | $795.15M | +33.1% | +$197.55M | ||
| 2002 | $597.60M | -10.7% | −$71.73M | ||
| 2001 | $669.33M | +3.7% | +$24.15M | ||
| 2000 | $645.18M | +2.0% | +$12.86M | ||
| 1999 | $632.32M | +27.0% | +$134.29M | ||
| 1998 | $498.03M | +13.1% | +$57.66M | ||
| 1997 | $440.38M | +21.0% | +$76.49M | ||
| 1996 | $363.89M | +51.3% | +$123.32M | ||
| 1995 | $240.57M | — | — |
- 2025$2.62B+3.4%
- 2024$2.54B+8.3%
- 2023$2.34B+15.8%
- 2022$2.02B-11.9%
- 2021$2.30B+4.5%
- 2020$2.20B-25.0%
- 2019$2.93B+9.5%
- 2018$2.67B+27.0%
- 2017$2.11B+4.2%
- 2016$2.02B-0.4%
- 2015$2.03B+0.3%
- 2014$2.02B+7.5%
- 2013$1.88B+7.7%
- 2012$1.75B+10.0%
- 2011$1.59B+1.4%
- 2010$1.57B+17.8%
- 2009$1.33B+12.5%
- 2008$1.18B-16.5%
- 2007$1.41B+24.1%
- 2006$1.14B+12.9%
- 2005$1.01B+15.1%
- 2004$878.11M+10.4%
- 2003$795.15M+33.1%
- 2002$597.60M-10.7%
- 2001$669.33M+3.7%
- 2000$645.18M+2.0%
- 1999$632.32M+27.0%
- 1998$498.03M+13.1%
- 1997$440.38M+21.0%
- 1996$363.89M+51.3%
- 1995$240.57M—
CapEx values are taken from Canadian National Railway's reported cash flow statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts converted to USD using IAS 21 average exchange rates (P&L / cash flow) or closing rates (balance sheet). Originally filed in CAD.
About CapEx at Canadian National Railway (CNI)
According to Canadian National Railway's latest reported financial statements, the company's current CapEx (TTM) is $2.59B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Canadian National Railway (CNI) most recent annual CapEx stands at 3.66B CAD (2025) – edged up 3.0% year-over-year.
Across 2020–2025 (5 years), Canadian National Railway CapEx produced a CAGR of +5.0% – sustaining 3 straight years of year-over-year growth.
Canadian National Railway CapEx peaked at 3.87B CAD in 2019; the latest annual figure is 3.66B CAD in 2025 (5.4% below peak).
Across the available history, CapEx reached its high of 3.87B CAD in 2019 and its low of 326.00M CAD in 1995.
Canadian National Railway Capital Expenditures by Year
Canadian National Railway Capital Expenditures 2025: $2.62B
Canadian National Railway posted CapEx of 3.66B CAD ($2.62B) in 2025, edged up 3.0% from 2024.
Canadian National Railway Capital Expenditures 2024: $2.54B
In 2024, Canadian National Railway reported CapEx of 3.55B CAD ($2.54B), grew 11.4% from 2023.
Canadian National Railway Capital Expenditures 2023: $2.34B
Canadian National Railway CapEx in 2023 was 3.19B CAD ($2.34B), grew 15.9% from 2022.
Canadian National Railway Capital Expenditures 2022: $2.02B
2022's CapEx for Canadian National Railway came in at 2.75B CAD ($2.02B), edged down 4.9% below 2021.
Canadian National Railway Capital Expenditures 2021: $2.30B
Canadian National Railway CapEx in 2021 was 2.89B CAD ($2.30B).
See more financial history for Canadian National Railway (CNI).
Sector peers by CapEx
Industrials peers of Canadian National Railway (CNI), ranked by their latest CapEx
| $20.74B | |
| $4.23B | |
| $3.79B | |
| $2.94B | |
| $2.63B | |
| $1.47B | |
| $1.27B | |
| $0.00 |
- $20.74B
- $4.23B
- $3.79B
- $2.94B
- $2.63B
- $1.47B
- $1.27B
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Canadian National Railway (CNI) Key Financials
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