TTM
44.2%
YoY change
+4.00pp
Trough year (2013)
39.4%
Peak year (1999)
84.3%
Latest annual
44.9%
Gross Margin history chart for Canadian National Railway (CNI) from 1995 to 2025
Latest: 44.9%
Gross Margin change chart for Canadian National Railway (CNI) from 1995 to 2025
Latest: +4.00pp
Gross Margin history table for Canadian National Railway (CNI) from 1995 to 2025
| 2025 | 44.9% | +4.00pp | ||
| 2024 | 40.9% | -1.62pp | ||
| 2023 | 42.5% | -0.74pp | ||
| 2022 | 43.2% | +1.31pp | ||
| 2021 | 41.9% | +0.16pp | ||
| 2020 | 41.8% | +0.97pp | ||
| 2019 | 40.8% | -0.84pp | ||
| 2018 | 41.6% | -1.89pp | ||
| 2017 | 43.5% | -1.30pp | ||
| 2016 | 44.8% | -0.06pp | ||
| 2015 | 44.9% | +3.74pp | ||
| 2014 | 41.1% | +1.73pp | ||
| 2013 | 39.4% | -1.14pp | ||
| 2012 | 40.6% | +0.99pp | ||
| 2011 | 39.6% | -1.32pp | ||
| 2010 | 40.9% | -30.19pp | ||
| 2009 | 71.1% | +4.11pp | ||
| 2008 | 67.0% | -3.68pp | ||
| 2007 | 70.6% | -2.32pp | ||
| 2006 | 73.0% | -3.03pp | ||
| 2005 | 76.0% | -4.58pp | ||
| 2004 | 80.6% | +3.58pp | ||
| 2003 | 77.0% | +25.59pp | ||
| 2002 | 51.4% | -29.74pp | ||
| 2001 | 81.1% | +3.33pp | ||
| 2000 | 77.8% | -6.53pp | ||
| 1999 | 84.3% | +7.14pp | ||
| 1998 | 77.2% | +3.55pp | ||
| 1997 | 73.6% | +3.70pp | ||
| 1996 | 69.9% | +9.38pp | ||
| 1995 | 60.6% | — |
- 202544.9%+4.00pp
- 202440.9%-1.62pp
- 202342.5%-0.74pp
- 202243.2%+1.31pp
- 202141.9%+0.16pp
- 202041.8%+0.97pp
- 201940.8%-0.84pp
- 201841.6%-1.89pp
- 201743.5%-1.30pp
- 201644.8%-0.06pp
- 201544.9%+3.74pp
- 201441.1%+1.73pp
- 201339.4%-1.14pp
- 201240.6%+0.99pp
- 201139.6%-1.32pp
- 201040.9%-30.19pp
- 200971.1%+4.11pp
- 200867.0%-3.68pp
- 200770.6%-2.32pp
- 200673.0%-3.03pp
- 200576.0%-4.58pp
- 200480.6%+3.58pp
- 200377.0%+25.59pp
- 200251.4%-29.74pp
- 200181.1%+3.33pp
- 200077.8%-6.53pp
- 199984.3%+7.14pp
- 199877.2%+3.55pp
- 199773.6%+3.70pp
- 199669.9%+9.38pp
- 199560.6%—
Gross 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 Gross Margin at Canadian National Railway (CNI)
According to Canadian National Railway's latest reported financial statements, the company's latest reported gross margin is 44.2%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
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) gross margin totalled 44.87% – expanded 4.0 percentage points year-over-year.
84.34% stands as the all-time-high annual gross margin, posted in 1999, against a low of 39.41% during 2013.
Canadian National Railway Gross Margin by Year
Canadian National Railway Gross Margin 2025: 44.9%
Canadian National Railway gross margin in 2025 was 44.87%, expanded 4.0 percentage points from 2024.
Canadian National Railway Gross Margin 2024: 40.9%
2024's gross margin for Canadian National Railway came in at 40.87%, contracted 1.6 percentage points from 2023.
Canadian National Railway Gross Margin 2023: 42.5%
Canadian National Railway posted gross margin of 42.49% in 2023, contracted 0.7 percentage points from 2022.
Canadian National Railway Gross Margin 2022: 43.2%
In 2022, Canadian National Railway reported gross margin of 43.23%, expanded 1.3 percentage points from 2021.
Canadian National Railway Gross Margin 2021: 41.9%
Canadian National Railway gross margin in 2021 was 41.92%.
See more financial history for Canadian National Railway (CNI).
Sector peers by Gross Margin
Industrials peers of Canadian National Railway (CNI), ranked by their latest gross margin
| 45.7% | |
| 36.9% | |
| 36.9% | |
| 35.1% | |
| 34.8% | |
| 32.5% | |
| 20.2% | |
| 4.8% |
- 45.7%
- 35.1%
- 34.8%
- 32.5%
- 20.2%
- 4.8%
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Canadian National Railway (CNI) Key Financials
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