
Canadian National Railway's hybrid locomotive program targets better fuel efficiency, reliability and performance as testing and conversions advance.
Canadian National Railway Company, is engaged in the rail and related transportation business. The company is headquartered in Montreal, Canada.
| Revenue (TTM) | $17.76B |
| Gross Profit (TTM) | $9.94B |
| EBITDA | $9.15B |
| Operating Margin | 40.30% |
| Return on Equity | 22.00% |
| Return on Assets | 7.72% |
| Revenue/Share (TTM) | $28.94 |
| Book Value | $26.09 |
| Price-to-Book | 4.88 |
| Price-to-Sales (TTM) | 4.31 |
| EV/Revenue | 7.25 |
| EV/EBITDA | 13.93 |
| Quarterly Earnings Growth (YoY) | 10.20% |
| Quarterly Revenue Growth (YoY) | 11.30% |
| Shares Outstanding | $604.90M |
| Float | $603.24M |
| % Insiders | 2.70% |
| % Institutions | 74.20% |
Volatility is currently contracting

Canadian National Railway's hybrid locomotive program targets better fuel efficiency, reliability and performance as testing and conversions advance.

MONTREAL, Aug. 14, 2026 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced the advancement of its hybrid locomotive development program, marking another important milestone in the company's commitment to innovative, more efficient and more sustainable rail operations.

CNI's record grain movement highlights network strength, reliable execution and capacity to meet elevated customer demand.

CN concludes 2025-2026 crop year with record grain movements across its network CN concludes 2025-2026 crop year with record grain movements across its network

Customer investments exceeded $2 billion in 2025 as CN continues to invest in its network Customer investments exceeded $2 billion in 2025 as CN continues to invest in its network

Canadian National Railway delivered strong 2Q26 results, driven by operational excellence and surges in energy and grain volumes. I downgrade CNI to 'hold' from 'buy' as the valuation discount has diminished, with a new $126 price target based on 22x FY26 earnings. Much of the recent growth stemmed from temporary factors such as record grain crops and fuel surcharges, unlikely to be sustained in the long run.

CNI beats Q2 estimates as grain and energy volumes lift revenues, while higher fuel costs pressure efficiency and the railroad raises its 2026 outlook.

Canadian National Railway delivered strong Q2 2026 results, with revenue up 11% and EPS up 10%, prompting raised full-year guidance. Key uncertainties—freight recession, trade conflict, and the pending UNP-NSC merger—remain but have diminished impact on CNI's valuation and outlook. Capital allocation flexibility has improved via reduced capex and a temporary leverage increase, enabling substantial share buybacks and prudent dividend growth.

Canadian National Railway Company delivered strong Q2 results, with 11% revenue and EPS growth, driven by price discipline and volume increases. CNI's operational efficiency improved despite some minor setbacks, and management raised EPS guidance based on internal execution rather than macro tailwinds. The strategic agreement with Union Pacific mitigates merger risks, expands reach into Mexico, and enhances long-term growth opportunities.

While the top- and bottom-line numbers for CN (CNI) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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