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- Canadian National Railway
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

Employees
23.8K
Website
Financials (LTM)
EV
$85B
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
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $13B | XXX | $13B | XXX | XXX | XXX |
| Gross Profit | $6B | XXX | $5B | XXX | XXX | XXX |
| Gross Margin | 50% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $6B | XXX | $7B | XXX | XXX | XXX |
| EBITDA Margin | 50% | XXX | 52% | XXX | XXX | XXX |
| EBIT Margin | 38% | XXX | 38% | XXX | XXX | XXX |
| Net Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Net Margin | 27% | XXX | 28% | XXX | XXX | XXX |
| Net Debt | — | — | $15B | XXX | XXX | XXX |
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.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $85B | $69B | 0.0% | XXX | XXX | XXX | $5.74 |
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Start Free TrialCanadian National Railway Valuation Multiples
Canadian National Railway trades at 6.6x EV/Revenue multiple, and 13.3x EV/EBITDA.
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.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $69B | XXX | $69B | XXX | XXX | XXX |
| EV (current) | $85B | XXX | $85B | XXX | XXX | XXX |
| EV/Revenue | 6.6x | XXX | 6.6x | XXX | XXX | XXX |
| EV/EBITDA | 13.3x | XXX | 12.7x | XXX | XXX | XXX |
| EV/EBIT | 17.3x | XXX | 17.3x | XXX | XXX | XXX |
| EV/Gross Profit | 13.3x | XXX | 15.8x | XXX | XXX | XXX |
| P/E | 19.7x | XXX | 19.7x | XXX | XXX | XXX |
| EV/FCF | 32.9x | XXX | 33.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Canadian National Railway Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


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).
Canadian National Railway Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 50% | XXX | 52% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | (3%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 52% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 55% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Canadian National Railway Public Comps
See public comps and valuation multiples for other Road Transportation and Logistics & Air Freight comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Deutsche Post | XXX | XXX | XXX | XXX | XXX | XXX |
| DSV | XXX | XXX | XXX | XXX | XXX | XXX |
| FedEx | XXX | XXX | XXX | XXX | XXX | XXX |
| Old Dominion Freight Line | XXX | XXX | XXX | XXX | XXX | XXX |
| UPS | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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).
Latest Acquisitions by Canadian National Railway
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCanadian 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).
Latest Investments by Canadian National Railway
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout 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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