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Canadian National Railway Valuation Multiples

Discover revenue and EBITDA valuation multiples for Canadian National Railway and similar public comparables like Deutsche Post, DSV, FedEx, Old Dominion Freight Line and more.

Canadian National Railway Overview

About Canadian National Railway

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2024, CN generated CAD 17 billion in revenue by hauling intermodal containers (22% of consolidated revenue), petroleum and chemicals (20%), grain and fertilizers (20%), forest products (11%), metals and minerals (12%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.


Founded

1919

HQ

Canada

Employees

23.8K

Website

cn.ca

Financials (LTM)

Revenue: $13B
EBITDA: $6B

EV

$85B

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Canadian National Railway Financials

Canadian National Railway reported last 12-month revenue of $13B and EBITDA of $6B.

In the same LTM period, Canadian National Railway generated $6B in gross profit, $6B in EBITDA, and $4B in net income.

Revenue (LTM)


Canadian National Railway P&L

In the most recent fiscal year, Canadian National Railway reported revenue of $13B and EBITDA of $7B.

Canadian National Railway expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Canadian National Railway forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$13BXXX$13BXXXXXXXXX
Gross Profit$6BXXX$5BXXXXXXXXX
Gross Margin50%XXX42%XXXXXXXXX
EBITDA$6BXXX$7BXXXXXXXXX
EBITDA Margin50%XXX52%XXXXXXXXX
EBIT Margin38%XXX38%XXXXXXXXX
Net Profit$4BXXX$4BXXXXXXXXX
Net Margin27%XXX28%XXXXXXXXX
Net Debt——$15BXXXXXXXXX

Financial data powered by Morningstar, Inc.

Canadian National Railway Stock Performance

Canadian National Railway has current market cap of $69B, and enterprise value of $85B.

Market Cap Evolution


Canadian National Railway's stock price is $113.03.

See Canadian National Railway trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$85B$69B0.0%XXXXXXXXX$5.74

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Canadian National Railway Valuation Multiples

Canadian National Railway trades at 6.6x EV/Revenue multiple, and 13.3x EV/EBITDA.

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EV / Revenue (LTM)


Canadian National Railway Financial Valuation Multiples

As of March 7, 2026, Canadian National Railway has market cap of $69B and EV of $85B.

Equity research analysts estimate Canadian National Railway's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Canadian National Railway has a P/E ratio of 19.7x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$69BXXX$69BXXXXXXXXX
EV (current)$85BXXX$85BXXXXXXXXX
EV/Revenue6.6xXXX6.6xXXXXXXXXX
EV/EBITDA13.3xXXX12.7xXXXXXXXXX
EV/EBIT17.3xXXX17.3xXXXXXXXXX
EV/Gross Profit13.3xXXX15.8xXXXXXXXXX
P/E19.7xXXX19.7xXXXXXXXXX
EV/FCF32.9xXXX33.7xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Canadian National Railway Valuation Multiples

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Canadian National Railway Margins & Growth Rates

Canadian National Railway's revenue in the last 12 month grew by 2%.

Canadian National Railway's revenue per employee in the last FY averaged $0.5M.

Canadian National Railway's rule of 40 is 52% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Canadian National Railway's rule of X is 55% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Canadian National Railway and other 15K+ public comps

Canadian National Railway Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth2%XXX1%XXXXXXXXX
EBITDA Margin50%XXX52%XXXXXXXXX
EBITDA Growth3%XXX(3%)XXXXXXXXX
Rule of 40—XXX52%XXXXXXXXX
Bessemer Rule of X—XXX55%XXXXXXXXX
Revenue per Employee—XXX$0.5MXXXXXXXXX
Opex to Revenue—XXX4%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Canadian National Railway Public Comps

See public comps and valuation multiples for other Road Transportation and Logistics & Air Freight comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
Deutsche PostXXXXXXXXXXXXXXXXXX
DSVXXXXXXXXXXXXXXXXXX
FedExXXXXXXXXXXXXXXXXXX
Old Dominion Freight LineXXXXXXXXXXXXXXXXXX
UPSXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Canadian National Railway M&A Activity

Canadian National Railway acquired XXX companies to date.

Last acquisition by Canadian National Railway was on XXXXXXXX, XXXXX. Canadian National Railway acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Canadian National Railway

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Canadian National Railway Investment Activity

Canadian National Railway invested in XXX companies to date.

Canadian National Railway made its latest investment on XXXXXXXX, XXXXX. Canadian National Railway invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Canadian National Railway

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Canadian National Railway

When was Canadian National Railway founded?Canadian National Railway was founded in 1919.
Where is Canadian National Railway headquartered?Canadian National Railway is headquartered in Canada.
How many employees does Canadian National Railway have?As of today, Canadian National Railway has over 23K employees.
Who is the CEO of Canadian National Railway?Canadian National Railway's CEO is Tracy Robinson.
Is Canadian National Railway publicly listed?Yes, Canadian National Railway is a public company listed on NYSE.
What is the stock symbol of Canadian National Railway?Canadian National Railway trades under CNI ticker.
When did Canadian National Railway go public?Canadian National Railway went public in 1995.
Who are competitors of Canadian National Railway?Canadian National Railway main competitors are Deutsche Post, DSV, FedEx, Old Dominion Freight Line.
What is the current market cap of Canadian National Railway?Canadian National Railway's current market cap is $69B.
What is the current revenue of Canadian National Railway?Canadian National Railway's last 12 months revenue is $13B.
What is the current revenue growth of Canadian National Railway?Canadian National Railway revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of Canadian National Railway?Current revenue multiple of Canadian National Railway is 6.6x.
Is Canadian National Railway profitable?Yes, Canadian National Railway is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Canadian National Railway?Canadian National Railway's last 12 months EBITDA is $6B.
What is Canadian National Railway's EBITDA margin?Canadian National Railway's last 12 months EBITDA margin is 50%.
What is the current EV/EBITDA multiple of Canadian National Railway?Current EBITDA multiple of Canadian National Railway is 13.3x.
What is the current FCF of Canadian National Railway?Canadian National Railway's last 12 months FCF is $3B.
What is Canadian National Railway's FCF margin?Canadian National Railway's last 12 months FCF margin is 20%.
What is the current EV/FCF multiple of Canadian National Railway?Current FCF multiple of Canadian National Railway is 32.9x.

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