Canadian National Railway Co (CNI) EBITDA Margin (2009 - 2026)
Canadian National Railway (CNI) recorded EBITDA Margin of 47.70% in the quarter ended Jun 30, 2026, down 2.09 percentage points from 49.79% a year earlier but up 1.27 percentage points from the prior quarter.
Canadian National Railway Co (CNI) EBITDA Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Canadian National Railway's EBITDA Margin came in at 47.67% as of Jun 30, 2026, down 0.16 percentage points year-over-year; for the year ended Dec 31, 2025, it came in at 49.27%, up 1.52 percentage points from the prior year.
- Annual EBITDA Margin has a five-year change of +3.20 percentage points (years ended Dec 2020 to Dec 2025).
- Across earlier years, EBITDA Margin came in at 47.75% in the year ended Dec 31, 2024 (-2.25 pp), 50.00% in the year ended Dec 31, 2023 (-0.09 pp), 50.09% in the year ended Dec 31, 2022 (-0.41 pp) and 50.50% in the year ended Dec 31, 2021 (+4.43 pp).
- Quarterly EBITDA Margin has ranged from 44.42% in the quarter ended Mar 31, 2022 to 52.45% in the quarter ended Sep 30, 2022 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in four of the last eight quarters, with an average year-over-year change of -0.12 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 4.50 percentage points in the quarter ended Mar 31, 2023, against a drop of 4.55 percentage points in the quarter ended Mar 31, 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 46.43% (quarter ended Mar 31, 2026), 46.15% (quarter ended Dec 31, 2025) and 50.56% (quarter ended Sep 30, 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.70% |
| Mar 31, 2026 | 46.43% |
| Dec 31, 2025 | 46.15% |
| Sep 30, 2025 | 50.56% |
| Jun 30, 2025 | 49.79% |
| Mar 31, 2025 | 47.76% |
| Dec 31, 2024 | 45.39% |
| Sep 30, 2024 | 48.42% |
| Jun 30, 2024 | 46.75% |
| Mar 31, 2024 | 47.26% |
| Dec 31, 2023 | 48.27% |
| Sep 30, 2023 | 49.51% |
| Jun 30, 2023 | 50.51% |
| Mar 31, 2023 | 48.92% |
| Dec 31, 2022 | 49.41% |
| Sep 30, 2022 | 52.45% |
| Jun 30, 2022 | 50.46% |
| Mar 31, 2022 | 44.42% |
| Dec 31, 2021 | 49.82% |
| Sep 30, 2021 | 50.43% |
Canadian National Railway Co EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CNI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "CNI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=CNI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();