Canadian National Railway (CNI) Net Margin (2009 - 2026)
Canadian National Railway (CNI) posted quarterly Net Margin of 25.17% for Q1 2026, down 120.0% year-over-year from 125.83% in Q1 2025, and down 46.25% quarter-over-quarter from 46.82% in Q4 2025.
Canadian National Railway (CNI) Net Margin (2009 - 2026) Analysis & Trends
Canadian National Railway's Net Margin history runs 14 years deep, the most recent figure standing at 25.17% for Q1 2026.
- In Q1 2026, Net Margin fell 120.0% year-over-year to 25.17%; the TTM figure through Mar 2026 stood at 35.77% (down 271.0% YoY), while the FY2014 annual figure was 26.1%, up 140.0% from the prior year.
- Net Margin for Q1 2026 stood at 25.17%, down from 46.82% in the prior quarter.
- The five-year high for Net Margin was 52.63% in Q3 2022, with the low at 25.17% in Q1 2026.
- The 5-year median for Net Margin is 43.95% (2023), against an average of 42.75%.
- The sharpest annual moves came in 2022 and 2024: Net Margin sank 1744 bps in 2022, then soared 681 bps in 2024.
- Canadian National Railway's Net Margin stood at 51.56% in 2022, then declined by 30 bps to 36.1% in 2023, then advanced by 19 bps to 42.91% in 2024, then advanced by 9 bps to 46.82% in 2025, then sank by 46 bps to 25.17% in 2026.
- Business Quant data shows CNI's Net Margin at 25.17% in Q1 2026, 46.82% in Q4 2025, and 45.02% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 180.52 Bn | 178.40 Bn | 6.50 Bn | 29.04% |
| 2 | Csx | 94.59 Bn | 93.20 Bn | 3.29 Bn | 25.46% |
| 3 | Canadian Pacific Kansas City | 84.21 Bn | 83.94 Bn | 2.92 Bn | 24.59% |
| 4 | Canadian National Railway | 78.52 Bn | 78.52 Bn | - | 25.17% |
| 5 | Norfolk Southern | 77.93 Bn | 76.86 Bn | - | 21.18% |
| 6 | Westinghouse Air Brake Technologies | 49.47 Bn | 48.80 Bn | 1.16 Bn | 12.46% |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | 20.26% |
| 8 | Greenbrier Companies | 1.42 Bn | 1.15 Bn | 81.10 Mn | 2.15% |
| 9 | Foster L B | 390.24 Mn | 384.46 Mn | 30.87 Mn | 2.25% |
| 10 | FreightCar America | 228.00 Mn | 163.70 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 25.17% |
| Dec 31, 2025 | 46.82% |
| Sep 30, 2025 | 45.02% |
| Mar 31, 2025 | 26.37% |
| Dec 31, 2024 | 42.91% |
| Sep 30, 2024 | 42.17% |
| Jun 30, 2024 | 42.83% |
| Mar 31, 2024 | 42.34% |
| Dec 31, 2023 | 36.10% |
| Sep 30, 2023 | 45.00% |
| Jun 30, 2023 | 47.55% |
| Mar 31, 2023 | 46.70% |
| Dec 31, 2022 | 51.56% |
| Sep 30, 2022 | 52.63% |
| Jun 30, 2022 | 50.30% |
| Mar 31, 2022 | 40.61% |
| Dec 31, 2021 | 51.88% |
| Sep 30, 2021 | 70.06% |
| Jun 30, 2021 | 47.53% |
| Jun 30, 2016 | 52.57% |