Canadian National Railway (CNI)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from CNI's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Canadian National Railway's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $13.8B | $17.1B | $16.8B | $17.0B | $17.3B |
| Net income | $3.6B | $5.1B | $5.6B | $4.4B | $4.7B |
| Free cash flow | $3.3B | $3.9B | $3.8B | $3.1B | $3.4B |
| EPS (diluted) | $5.00 | $7.44 | $8.53 | $7.01 | $7.57 |
| Operating margin | 34.6% | 40.0% | 39.2% | 36.6% | 38.1% |
Superinvestors who own CNI
From each investor's latest 13F filing (what a 13F shows). 7 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Added | $711M | 0.59% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $168M | 0.06% | Q2 2026 |
| Tom Gayner Markel Group Inc. |
Held | $6M | 0.05% | Q2 2026 |
| Prem Watsa Fairfax Financial Holdings |
Held | $3M | 0.11% | Q2 2026 |
| Lee Ainslie Maverick Capital |
Added | $3M | 0.02% | Q2 2026 |
| Will Nasgovitz Heartland Advisors |
Trimmed | $1M | 0.06% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Trimmed | $279,327 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by Canadian National Railway's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Canadian National Railway insiders buying the stock?
No open-market insider purchases of CNI in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Canadian National Railway?
7 of the superinvestors Investingly tracks hold CNI in their latest 13F, including Hersh Cohen, Cliff Asness, Tom Gayner.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.