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EBITDA Margin for Canadian National Railway (CNI)

As of · Reported

Metric

TTM

49.7%

YoY change

+2.02pp

Trough year (1995)

26.8%

Peak year (2021)

59.1%

EBITDA Margin history chart for Canadian National Railway (CNI) from 1995 to 2025

Latest: 52.7%

EBITDA Margin change chart for Canadian National Railway (CNI) from 1995 to 2025

Latest: +2.02pp

EBITDA Margin history table for Canadian National Railway (CNI) from 1995 to 2025

  • 202552.7%+2.02pp
  • 202450.7%-2.99pp
  • 202353.6%+0.80pp
  • 202252.8%-6.22pp
  • 202159.1%+10.84pp
  • 202048.2%-2.25pp
  • 201950.5%-1.90pp
  • 201852.4%-0.16pp
  • 201752.5%-2.56pp
  • 201655.1%+3.78pp
  • 201551.3%+3.67pp
  • 201447.6%+1.06pp
  • 201346.6%-3.06pp
  • 201249.6%-1.11pp
  • 201150.7%+1.69pp
  • 201049.1%+2.05pp
  • 200947.0%+4.03pp
  • 200843.0%-4.13pp
  • 200747.1%+0.66pp
  • 200646.4%+1.50pp
  • 200544.9%+2.64pp
  • 200442.3%+2.59pp
  • 200339.7%+6.00pp
  • 200233.7%-5.56pp
  • 200139.3%-0.90pp
  • 200040.2%+2.69pp
  • 199937.5%-2.97pp
  • 199840.5%+3.07pp
  • 199737.4%+8.95pp
  • 199628.4%+1.69pp
  • 199526.8%—

EBITDA Margin values are taken from Canadian National Railway's reported income 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 are in CAD as filed.

About EBITDA Margin at Canadian National Railway (CNI)

According to Canadian National Railway's latest reported financial statements, the company's latest reported EBITDA margin is 49.7%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, Canadian National Railway (CNI) EBITDA margin totalled 52.68% – expanded 2.0 percentage points year-over-year.

Across the available history, EBITDA margin reached its high of 59.06% in 2021 and its low of 26.76% in 1995.

Canadian National Railway EBITDA Margin by Year

Canadian National Railway EBITDA Margin 2025: 52.7%

2025's EBITDA margin for Canadian National Railway came in at 52.68%, expanded 2.0 percentage points from 2024.

Canadian National Railway EBITDA Margin 2024: 50.7%

Canadian National Railway posted EBITDA margin of 50.66% in 2024, contracted 3.0 percentage points from 2023.

Canadian National Railway EBITDA Margin 2023: 53.6%

In 2023, Canadian National Railway reported EBITDA margin of 53.64%, expanded 0.8 percentage points from 2022.

Canadian National Railway EBITDA Margin 2022: 52.8%

Canadian National Railway EBITDA margin in 2022 was 52.84%, contracted 6.2 percentage points from 2021.

Canadian National Railway EBITDA Margin 2021: 59.1%

Canadian National Railway EBITDA margin in 2021 was 59.06%.

See more financial history for Canadian National Railway (CNI).

Sector peers by EBITDA Margin

Industrials peers of Canadian National Railway (CNI), ranked by their latest EBITDA margin

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