Canadian National Railway (CNI) Net Margin (2009 - 2022)
Canadian National Railway's Net Margin came in at 26.53% for the quarter ended Jun 30, 2026, down 0.90 percentage points from 27.43% a year earlier but up 1.37 percentage points from the prior quarter.
Canadian National Railway (CNI) Net Margin (2009 - 2022) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Canadian National Railway reported Net Margin of 26.74%, up 0.12 percentage points year-over-year; for the year ended Dec 31, 2025, it was 27.28%, up 1.18 percentage points from the prior year.
- Net Margin carries a five-year change of +19.92 percentage points (years ended Dec 2020 to Dec 2025).
- Going back by year, Net Margin was 26.09% in the year ended Dec 31, 2024 (-7.33 pp), 33.43% in the year ended Dec 31, 2023 (+3.51 pp), 29.92% in the year ended Dec 31, 2022 (-3.92 pp) and 33.84% in the year ended Dec 31, 2021 (+26.49 pp).
- The five-year range for quarterly Net Margin is 24.76% (the quarter ended Mar 31, 2022) to 47.64% (the quarter ended Dec 31, 2023).
- Year-over-year, Net Margin increased in four of the last eight quarters, with an average year-over-year change of -2.52 percentage points.
- The fastest year-over-year change in Net Margin over five years came in the quarter ended Sep 30, 2021 (a gain of 18.06 percentage points), and the weakest in the quarter ended Dec 31, 2024 (a drop of 21.34 percentage points).
- Business Quant data shows CNI's Net Margin at 25.17% (quarter ended Mar 31, 2026), 27.96% (quarter ended Dec 31, 2025) and 27.35% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2022 | 32.22% |
| Jun 30, 2022 | 30.48% |
| Mar 31, 2022 | 24.74% |
| Dec 31, 2021 | 31.98% |
| Sep 30, 2021 | 46.93% |
| Jun 30, 2021 | 28.78% |
| Mar 31, 2021 | 27.59% |
| Dec 31, 2020 | 27.91% |
| Sep 30, 2020 | 28.88% |
| Jun 30, 2020 | 16.97% |
| Mar 31, 2020 | 28.50% |
| Dec 31, 2019 | 24.34% |
| Sep 30, 2019 | 31.19% |
| Jun 30, 2019 | 34.39% |
| Dec 31, 2018 | 30.00% |
| Jun 30, 2018 | 36.07% |
| Mar 31, 2018 | 23.19% |
| Dec 31, 2017 | 79.47% |
| Sep 30, 2017 | 29.73% |
| Jun 30, 2017 | 30.95% |
Canadian National Railway Net 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=net-margin&ticker=CNI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CNI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();