Canadian National Railway (CNI) EBITDA Margin (2009 - 2026)

Canadian National Railway's EBITDA Margin history runs 15 years deep, the most recent figure standing at 35.37% for Q1 2026.

• In Q1 2026, EBITDA Margin fell 119.0% year-over-year to 35.37%; the TTM figure through Mar 2026 stood at 37.77% (up 107.0% YoY), while the FY2014 annual figure was 38.11%, up 148.0% from the prior year.
• EBITDA Margin was 35.37% for Q1 2026 at Canadian National Railway, down from 38.82% in the prior quarter.
• In the past five years, EBITDA Margin ranged from a high of 42.81% in Q3 2022 to a low of 33.09% in Q1 2022.
• Historically, EBITDA Margin has averaged 38.22% across 5 years, with a median of 38.34% in 2025.
• The sharpest annual moves came in 2022 and 2023: EBITDA Margin jumped 547 bps in 2022, then slumped 476 bps in 2023.
• A 5-year view of EBITDA Margin shows it stood at 42.1% in 2022, then declined by 3 bps to 40.66% in 2023, then slipped by 8 bps to 37.36% in 2024, then climbed by 4 bps to 38.82% in 2025, then fell by 9 bps to 35.37% in 2026.
• The last three EBITDA Margin figures came in at 35.37% (Q1 2026), 38.82% (Q4 2025), and 38.56% (Q3 2025), per Business Quant data.