Canadian National Railway (CNI) Tax Rate (2009 - 2026)
Canadian National Railway (CNI) posted quarterly Tax Rate of 24.65% for Q1 2026, down 69.0% year-over-year from 79.53% in Q1 2025, and up 2.26% quarter-over-quarter from 25.22% in Q4 2025.
Canadian National Railway (CNI) Tax Rate (2009 - 2026) Analysis & Trends
Canadian National Railway's Tax Rate history runs 15 years deep, the most recent figure standing at 24.65% for Q1 2026.
- In Q1 2026, Tax Rate fell 69.0% year-over-year to 24.65%; the TTM figure through Mar 2026 stood at 24.58% (down 59.0% YoY), while the FY2010 annual figure was 13.82%, up 419.0% from the prior year.
- Tax Rate for Q1 2026 stood at 24.65%, up from 25.22% in the prior quarter.
- The five-year high for Tax Rate was 13.78% in Q4 2023, with the low at 25.22% in Q4 2025.
- The 5-year median for Tax Rate is 24.34% (2022), against an average of 21.91%.
- The sharpest annual moves came in 2023 and 2024: Tax Rate soared 3829 bps in 2023, then plunged 3779 bps in 2024.
- Canadian National Railway's Tax Rate stood at 24.51% in 2022, then soared by 156 bps to 13.78% in 2023, then plunged by 274 bps to 24.01% in 2024, then dropped by 5 bps to 25.22% in 2025, then gained by 2 bps to 24.65% in 2026.
- Business Quant data shows CNI's Tax Rate at 24.65% in Q1 2026, 25.22% in Q4 2025, and 24.42% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 182.58 Bn | 180.47 Bn | 6.50 Bn | 22.00% |
| 2 | Csx | 95.72 Bn | 94.33 Bn | 3.29 Bn | 24.09% |
| 3 | Canadian Pacific Kansas City | 85.71 Bn | 85.44 Bn | 2.92 Bn | 24.65% |
| 4 | Canadian National Railway | 79.38 Bn | 79.38 Bn | - | -24.65% |
| 5 | Norfolk Southern | 78.72 Bn | 77.65 Bn | - | 23.46% |
| 6 | Westinghouse Air Brake Technologies | 50.38 Bn | 49.71 Bn | 1.16 Bn | 23.55% |
| 7 | Trinity Industries | 2.37 Bn | 2.21 Bn | 109.90 Mn | 23.73% |
| 8 | Greenbrier Companies | 1.43 Bn | 1.15 Bn | 81.10 Mn | 19.48% |
| 9 | Foster L B | 392.93 Mn | 387.15 Mn | 30.87 Mn | 42.85% |
| 10 | FreightCar America | 235.01 Mn | 170.72 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -24.65% |
| Mar 31, 2026 | -24.65% |
| Mar 31, 2026 | -24.65% |
| Dec 31, 2025 | -25.22% |
| Dec 31, 2025 | -25.22% |
| Dec 31, 2025 | -25.22% |
| Sep 30, 2025 | -24.42% |
| Sep 30, 2025 | -24.42% |
| Sep 30, 2025 | -24.42% |
| Mar 31, 2025 | -23.97% |
| Mar 31, 2025 | -23.97% |
| Mar 31, 2025 | -23.97% |
| Dec 31, 2024 | -24.01% |
| Dec 31, 2024 | -24.01% |
| Dec 31, 2024 | -24.01% |
| Sep 30, 2024 | -23.00% |
| Sep 30, 2024 | -23.00% |
| Sep 30, 2024 | -23.00% |
| Jun 30, 2024 | -24.93% |
| Jun 30, 2024 | -24.93% |