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How Canadian National Railway (CNI) Makes Money: A Visual Guide

Canadian National Railway (CNI) generated 17.29B CAD in revenue, earning 4.71B CAD in net profit (27.2% margin). Below is an interactive breakdown of how revenue flows through the income statement.

Canadian National Railway (CNI) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending (reported ).

Frequently asked questions

How much revenue does Canadian National Railway (CNI) generate?

Canadian National Railway (CNI) generated 17.29B CAD in total revenue for TTM through Q1 2026 with a net profit margin of 27.2%.

What is Canadian National Railway (CNI) gross profit margin?

Canadian National Railway (CNI) reported a gross profit margin of 44.2% for TTM through Q1 2026, equivalent to 7.64B CAD in gross profit. This means Canadian National Railway retains 44.2% of each revenue unit after direct costs of production.

What is Canadian National Railway (CNI) operating profit margin?

Canadian National Railway (CNI) reported an operating profit margin of 37.8% for TTM through Q1 2026, equivalent to 6.53B CAD in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Canadian National Railway (CNI) net profit margin?

Canadian National Railway (CNI) reported a net profit margin of 27.2% for TTM through Q1 2026, equivalent to 4.71B CAD in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Canadian National Railway (CNI) spend on capital expenditures?

Canadian National Railway (CNI) spent 3.58B CAD on capital expenditures in TTM through Q1 2026 (20.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Canadian National Railway (CNI) free cash flow?

Canadian National Railway (CNI) generated 3.57B CAD in free cash flow for TTM through Q1 2026 (20.7% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Canadian National Railway (CNI) effective tax rate?

Canadian National Railway (CNI) had an effective tax rate of 24.8% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?

A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.

How is the data calculated?

We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.

Where do segment and geographic numbers come from?

Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).

When was this data last updated?

Based on company filings through TTM through Q1 2026.

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