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

Canadian National Railway has reported EBITDA Margin for 18 years, with the latest figure at 37.47% in Q2 2026.

• On a quarterly basis, EBITDA Margin fell 87.0% year-over-year to 37.47% in Q2 2026; TTM through Jun 2026 was 37.55%, a 27.0% increase from a year earlier, with the FY2025 full-year figure at 38.07%, up 142.0% from the prior year.
• EBITDA Margin was 37.47% for Q2 2026 at Canadian National Railway, up from 35.37% in the prior quarter.
• The five-year high for EBITDA Margin was 42.81% in Q3 2022, with the low at 33.09% in Q1 2022.
• Average EBITDA Margin over 5 years is 38.17%, with a median of 38.2% recorded in 2025.
• The sharpest annual moves came in 2022 and 2023: EBITDA Margin surged 948 bps in 2022, then sank 476 bps in 2023.
• Over 5 years, EBITDA Margin stood at 42.1% in 2022, then fell by 3 bps to 40.66% in 2023, then dropped by 8 bps to 37.36% in 2024, then grew by 4 bps to 38.82% in 2025, then declined by 3 bps to 37.47% in 2026.
• The last three EBITDA Margin figures came in at 37.47% (Q2 2026), 35.37% (Q1 2026), and 38.82% (Q4 2025), per Business Quant data.