Canadian National Railway Co (CNI) Return on Invested Capital [ROIC] (2009 - 2026)
Canadian National Railway (CNI) posted Return on Invested Capital [ROIC] of 20.92% for the quarter ended Jun 30, 2026, down 0.44 percentage points from 21.36% a year earlier but up 0.04 percentage points from the prior quarter.
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Analysis
Canadian National Railway Co (CNI) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Canadian National Railway's Return on Invested Capital [ROIC] came in at 15.39%, down 0.01 percentage points from the prior year.
- Annual Return on Invested Capital [ROIC] has declined for three consecutive years, though with a five-year change of +0.59 percentage points (years ended Dec 2020 to Dec 2025).
- In prior years, Canadian National Railway's Return on Invested Capital [ROIC] was 15.40% in the year ended Dec 31, 2024 (-1.78 pp), 17.18% in the year ended Dec 31, 2023 (-1.47 pp) and 18.65% in the year ended Dec 31, 2022.
- Quarterly Return on Invested Capital [ROIC] has run from a low of 18.43% in the quarter ended Sep 30, 2021 to a high of 26.52% in the quarter ended Mar 31, 2023 over five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in 1 of the last eight quarters, with an average year-over-year change of -0.86 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was the quarter ended Mar 31, 2023, with a gain of 6.74 percentage points; the weakest was the quarter ended Mar 31, 2024, with a drop of 4.07 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 20.88% (quarter ended Mar 31, 2026), 21.43% (quarter ended Dec 31, 2025) and 21.22% (quarter ended Sep 30, 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.92% |
| Mar 31, 2026 | 20.88% |
| Dec 31, 2025 | 21.43% |
| Sep 30, 2025 | 21.22% |
| Jun 30, 2025 | 21.36% |
| Mar 31, 2025 | 21.18% |
| Dec 31, 2024 | 21.01% |
| Sep 30, 2024 | 21.96% |
| Jun 30, 2024 | 21.98% |
| Mar 31, 2024 | 22.45% |
| Dec 31, 2023 | 23.17% |
| Sep 30, 2023 | 23.73% |
| Jun 30, 2023 | 25.59% |
| Mar 31, 2023 | 26.52% |
| Dec 31, 2022 | 24.52% |
| Sep 30, 2022 | 22.79% |
| Jun 30, 2022 | 24.46% |
| Mar 31, 2022 | 23.04% |
| Dec 31, 2021 | 20.08% |
| Sep 30, 2021 | 19.61% |
API Access
Canadian National Railway Co Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=CNI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=CNI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();