CNI (Canadian National Railway Co) OCF Margin %: 28.89% (As of Mar. 2026) — 30% Below Median


CNI Canadian National Railway Co CNI
91 GF Score
Price $115.91
GF Value $114.56
Valuation Fairly Valued
! 6 Warning Signs
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What is Canadian National Railway Co OCF Margin %?

Canadian National Railway Co CNI +0.88% 91 OCF Margin % is 28.89% as of Mar. 2026, which is 30% below its 10-year median of 41.36. GuruFocus rates CNI with a GF Score™ of 91/100 and a GF Value™ of $114.56 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,006 Transportation companies, Canadian National Railway Co ranks better than 90.76% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. Canadian National Railway Co's Cash Flow from Operations for the three months ended in Mar. 2026 was $922 Mil. Canadian National Railway Co's Revenue for the three months ended in Mar. 2026 was $3,192 Mil. Therefore, Canadian National Railway Co's OCF Margin % for the quarter that ended in Mar. 2026 was 28.89%.

As of today, Canadian National Railway Co's current OCF Yield % is 7.36%.

The historical rank and industry rank for Canadian National Railway Co's OCF Margin % or its related term are showing as below:

CNI' s OCF Margin % Range Over the Past 10 Years
Min: 38.97   Med: 41.36   Max: 48.15
Current: 41.36


During the past 13 years, the highest OCF Margin % of Canadian National Railway Co was 48.15%. The lowest was 38.97%. And the median was 41.36%.

CNI's OCF Margin % is ranked better than
90.76% of 1006 companies
in the Transportation industry
Industry Median: 12.945 vs CNI: 41.36


Canadian National Railway Co OCF Margin % Related Terms


Canadian National Railway Co OCF Margin % Historical Data

* Premium members only.

The historical data trend for Canadian National Railway Co's OCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canadian National Railway Co OCF Margin % Chart

Canadian National Railway Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.15 38.97 41.39 39.30 40.74

Canadian National Railway Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.44 40.85 45.93 49.89 28.89

CNI vs UNP, CSX, NSC: OCF Margin % Comparison

For the Railroads subindustry, Canadian National Railway Co's OCF Margin %, along with its competitors' market caps and OCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Canadian National Railway Co OCF Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Canadian National Railway Co's OCF Margin % distribution charts can be found below:

* The bar in red indicates where Canadian National Railway Co's OCF Margin % falls into.


CNI
91GF Score
Canadian National Railway Co CNI
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian National Railway Co OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

Canadian National Railway Co's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=5109.822/12543.675
=40.74 %

Canadian National Railway Co's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=922.012/3191.691
=28.89 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 28.89% mean?
Canadian National Railway Co (CNI) has a OCF Margin % of 28.89% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Canadian National Railway Co and its competitors. This is 30% below median its historical median of 41.36. Over the past decade, Canadian National Railway Co's OCF Margin % has ranged from 38.97 to 48.15. According to the industry distribution chart, Canadian National Railway Co ranks #93 out of 1006 companies in the Transportation industry, placing it in the top 9.2%.
Is Canadian National Railway Co's OCF Margin % too high?
Canadian National Railway Co's current OCF Margin % of 28.89% is 30% below median its 10-year median of 41.36. Over the past 10 years, this metric has ranged from a low of 38.97 to a high of 48.15. The Transportation industry median OCF Margin % is 12.95. Canadian National Railway Co's value of 28.89% is 123.2% above this industry median. Based on the distribution chart, Canadian National Railway Co ranks #93 out of 1006 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Canadian National Railway Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Canadian National Railway Co's OCF Margin % compare to UNP and CSX?
According to the Transportation industry distribution chart, Canadian National Railway Co ranks #93 out of 1006 companies for OCF Margin %. This places Canadian National Railway Co in the top 9% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 12.95. Canadian National Railway Co's value of 28.89% is 123.2% above this benchmark. Historically, Canadian National Railway Co's own OCF Margin % has ranged from 38.97 to 48.15 over the past decade. While the company's 10-year median is 41.36 vs. the industry median of 12.95, Canadian National Railway Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Transportation company?
The median OCF Margin % among Transportation companies is 12.95, based on 1,006 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian National Railway Co's current OCF Margin % of 28.89% is 123.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Canadian National Railway Co and its competitors. For the Transportation industry, the median OCF Margin % is 12.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian National Railway Co's current OCF Margin % is 28.89%, which is 30% below median its own 10-year median of 41.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian National Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Canadian National Railway Co (CNI) is currently considered Fairly Valued. The stock's GF Value™ is $114.56, compared to a current price of $115.91 — trading 1.2% above its estimated fair value. The current OCF Margin % is 28.89%, which is 30% below median its 10-year median of 41.36 and 123.2% above the Transportation industry median of 12.95. Canadian National Railway Co's overall GF Score™ is 91/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Canadian National Railway Co (CNI), the current OCF Margin % is 28.89% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Canadian National Railway Co (CNI) Overvalued in 2026?

Based on GuruFocus' analysis, Canadian National Railway Co stock appears to be overvalued. The current stock price of $115.91 is trading 1.2% above its estimated GF Value™ of $114.56. GuruFocus considers Canadian National Railway Co to be Fairly Valued.

Key valuation signals for CNI:

  • OCF Margin %: 28.89% (30% below median its 10-year median of 41.36)
  • GF Value™: $114.56 vs. price of $115.91 (1.2% above fair value)
  • GF Score™: 91/100 with 6 warning signs
  • Industry Position: 123.2% above the Transportation median (#93 of 1006)

No single metric tells the full story. See the CNI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Canadian National Railway Co Business Description

Address 935 de La Gauchetiere Street West, Montreal, QC, CAN, H3B 2M9
Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2025, CN generated CAD 17.7 billion in revenue by hauling intermodal containers (22% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (23%), forest products (10%), metals and minerals (11%), automotive shipments (5%), and coal (5%). Other items constitute the remaining revenue.
91GF Score

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OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$115.91
Price
$114.56
GF Value