Canadian National Railway (CNIN) Ratios
Canadian National Railway Ratios
MX:CNIN's free cash flow for Q3 2026 was $1.10B. For the 2026 fiscal year, MX:CNIN's free cash flow was decreased by $-805.00M and operating cash flow was $1.90B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.67 | 0.66 | 0.61 | 0.84 | 1.10 |
| Quick Ratio | 0.47 | 0.48 | 0.47 | 0.66 | 0.91 |
| Cash Ratio | 0.10 | 0.10 | 0.09 | 0.09 | 0.27 |
| Solvency Ratio | 0.18 | 0.18 | 0.23 | 0.23 | 0.25 |
| Operating Cash Flow Ratio | 1.91 | 1.68 | 1.38 | 1.74 | 2.23 |
| Short-Term Operating Cash Flow Coverage | 7.78 | 5.75 | 2.98 | 6.31 | 13.72 |
| Net Current Asset Value | $ -34.52B | $ -33.40B | $ -29.46B | $ -26.06B | $ -22.37B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.37 | 0.37 | 0.36 | 0.31 | 0.27 |
| Debt-to-Equity Ratio | 1.01 | 1.02 | 0.94 | 0.74 | 0.57 |
| Debt-to-Capital Ratio | 0.50 | 0.50 | 0.48 | 0.43 | 0.36 |
| Long-Term Debt-to-Capital Ratio | 0.49 | 0.48 | 0.45 | 0.40 | 0.34 |
| Financial Leverage Ratio | 2.71 | 2.71 | 2.62 | 2.37 | 2.13 |
| Debt Service Coverage Ratio | 4.16 | 3.53 | 2.62 | 4.62 | 5.51 |
| Interest Coverage Ratio | 7.21 | 7.01 | 9.14 | 12.48 | 9.21 |
| Debt to Market Cap | 0.25 | 0.23 | 0.17 | 0.14 | 0.11 |
| Interest Debt Per Share | 36.51 | 35.14 | 29.82 | 23.96 | 19.09 |
| Net Debt to EBITDA | 2.36 | 2.42 | 2.07 | 1.72 | 1.59 |
| Profitability Margins | |||||
| Gross Profit Margin | 44.87% | 54.63% | 56.14% | 56.25% | 56.04% |
| EBIT Margin | 41.48% | 39.77% | 42.05% | 42.89% | 41.51% |
| EBITDA Margin | 52.68% | 50.87% | 52.85% | 53.00% | 52.55% |
| Operating Profit Margin | 38.07% | 36.65% | 39.20% | 39.98% | 38.79% |
| Pretax Profit Margin | 36.20% | 34.33% | 38.55% | 39.53% | 43.81% |
| Net Profit Margin | 27.28% | 26.09% | 33.43% | 29.92% | 33.84% |
| Continuous Operations Profit Margin | 27.28% | 26.09% | 33.43% | 29.92% | 33.84% |
| Net Income Per EBT | 75.35% | 76.01% | 86.70% | 75.68% | 77.25% |
| EBT Per EBIT | 95.10% | 93.68% | 98.35% | 98.87% | 112.93% |
| Return on Assets (ROA) | 8.06% | 7.79% | 10.68% | 10.10% | 10.09% |
| Return on Equity (ROE) | 21.88% | 21.13% | 27.96% | 23.93% | 21.54% |
| Return on Capital Employed (ROCE) | 12.01% | 11.77% | 13.85% | 14.61% | 12.37% |
| Return on Invested Capital (ROIC) | 8.90% | 8.73% | 11.42% | 10.78% | 9.42% |
| Return on Tangible Assets | 8.13% | 7.82% | 10.72% | 10.14% | 10.14% |
| Earnings Yield | 5.58% | 4.81% | 5.14% | 4.64% | 4.45% |
| Efficiency Ratios | |||||
| Receivables Turnover | 15.49 | 13.04 | 12.94 | 12.48 | 13.48 |
| Payables Turnover | 3.42 | 7.50 | 7.63 | 7.84 | 7.05 |
| Inventory Turnover | 13.00 | 10.74 | 10.56 | 10.82 | 10.80 |
| Fixed Asset Turnover | 0.35 | 0.35 | 0.37 | 0.39 | 0.35 |
| Asset Turnover | 0.30 | 0.30 | 0.32 | 0.34 | 0.30 |
| Working Capital Turnover Ratio | -13.40 | -10.32 | -13.09 | -107.25 | 216.07 |
| Cash Conversion Cycle | -55.10 | 13.31 | 14.89 | 16.47 | 9.07 |
| Days of Sales Outstanding | 23.56 | 27.99 | 28.20 | 29.25 | 27.08 |
| Days of Inventory Outstanding | 28.08 | 33.98 | 34.57 | 33.75 | 33.78 |
| Days of Payables Outstanding | 106.75 | 48.66 | 47.87 | 46.53 | 51.79 |
| Operating Cycle | 51.64 | 61.97 | 62.76 | 63.00 | 60.86 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 11.31 | 10.57 | 10.59 | 9.71 | 9.84 |
| Free Cash Flow Per Share | 5.44 | 4.97 | 5.74 | 5.71 | 5.76 |
| Dividend Paid and CapEx Coverage Ratio | 1.20 | 1.18 | 1.32 | 1.40 | 1.51 |
| Capital Expenditure Coverage Ratio | 1.93 | 1.89 | 2.19 | 2.42 | 2.41 |
| Operating Cash Flow Coverage Ratio | 0.32 | 0.31 | 0.37 | 0.42 | 0.54 |
| Operating Cash Flow to Sales Ratio | 0.41 | 0.39 | 0.41 | 0.39 | 0.48 |
| Free Cash Flow Yield | 4.01% | 3.41% | 3.45% | 3.55% | 3.71% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 17.91 | 20.79 | 19.47 | 21.57 | 22.47 |
| Price-to-Sales (P/S) Ratio | 4.89 | 5.42 | 6.51 | 6.45 | 7.60 |
| Price-to-Book (P/B) Ratio | 3.92 | 4.39 | 5.45 | 5.16 | 4.84 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 24.94 | 29.36 | 28.99 | 28.18 | 26.98 |
| Price-to-Operating Cash Flow Ratio | 12.00 | 13.80 | 15.73 | 16.56 | 15.79 |
| Price-to-Earnings Growth (PEG) Ratio | 2.25 | -1.16 | 1.33 | 2.71 | 0.59 |
| Enterprise Value Multiple | 11.64 | 13.08 | 14.39 | 13.89 | 16.06 |
| Enterprise Value | 106.06B | 113.45B | 127.95B | 125.97B | 122.16B |
| EV to EBITDA | 11.64 | 13.08 | 14.39 | 13.89 | 16.06 |
| EV to Sales | 6.13 | 6.66 | 7.60 | 7.36 | 8.44 |
| EV to Free Cash Flow | 31.28 | 36.02 | 33.87 | 32.16 | 29.94 |
| EV to Operating Cash Flow | 15.05 | 16.94 | 18.37 | 18.89 | 17.52 |
| Tangible Book Value Per Share | 33.77 | 32.92 | 30.28 | 30.85 | 31.81 |
| Shareholders’ Equity Per Share | 34.61 | 33.23 | 30.59 | 31.15 | 32.10 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.25 | 0.24 | 0.13 | 0.24 | 0.23 |
| Revenue Per Share | 27.77 | 26.91 | 25.59 | 24.92 | 20.43 |
| Net Income Per Share | 7.58 | 7.02 | 8.55 | 7.46 | 6.91 |
| Tax Burden | 0.75 | 0.76 | 0.87 | 0.76 | 0.77 |
| Interest Burden | 0.87 | 0.86 | 0.92 | 0.92 | 1.06 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.49 | 1.51 | 1.24 | 1.30 | 1.42 |
Currency in CAD
