Canadian National Railway Co (CNR) — Capital Reinvestment Ratio
Canadian National Railway Co (CNR) has a Capital Reinvestment Ratio of 0.55x as of December 2025, meaning it reinvests 1% of its operating cash flow (CA$2.23 Billion) in capital expenditures (CA$1.23 Billion). Check CNR goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Canadian National Railway Co Capital Reinvestment Ratio (1995–2025)
This chart tracks Canadian National Railway Co's Capital Reinvestment Ratio across 31 annual periods. For the full cash flow conversion analysis, see Canadian National Railway Co (CNR) cash conversion ratio.
Annual Capital Reinvestment Ratio for Canadian National Railway Co (1995–2025)
Year-by-year Capital Reinvestment Ratio for Canadian National Railway Co from 1995 to 2025. See Canadian National Railway Co (CNR) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.52x | CA$7.05 Billion | CA$3.66 Billion | ▼ -2.0% |
| 2024 | 0.53x | CA$6.70 Billion | CA$3.55 Billion | ▲ +15.8% |
| 2023 | 0.46x | CA$6.96 Billion | CA$3.19 Billion | ▲ +10.9% |
| 2022 | 0.41x | CA$6.67 Billion | CA$2.75 Billion | ▼ -0.5% |
| 2021 | 0.41x | CA$6.97 Billion | CA$2.89 Billion | ▼ -10.7% |
| 2020 | 0.46x | CA$6.17 Billion | CA$2.86 Billion | ▼ -28.8% |
| 2019 | 0.65x | CA$5.92 Billion | CA$3.87 Billion | ▲ +9.4% |
| 2018 | 0.60x | CA$5.92 Billion | CA$3.53 Billion | ▲ +23.1% |
| 2017 | 0.48x | CA$5.52 Billion | CA$2.67 Billion | ▼ -6.5% |
| 2016 | 0.52x | CA$5.20 Billion | CA$2.69 Billion | ▼ -1.6% |
| 2015 | 0.53x | CA$5.14 Billion | CA$2.71 Billion | ▲ +0.4% |
| 2014 | 0.52x | CA$4.38 Billion | CA$2.30 Billion | ▼ -5.7% |
| 2013 | 0.56x | CA$3.55 Billion | CA$1.97 Billion | ▼ -1.7% |
| 2012 | 0.57x | CA$3.06 Billion | CA$1.73 Billion | ▲ +3.6% |
| 2011 | 0.55x | CA$2.98 Billion | CA$1.62 Billion | ▲ +3.3% |
| 2010 | 0.53x | CA$3.00 Billion | CA$1.59 Billion | ▼ -14.0% |
| 2009 | 0.62x | CA$2.28 Billion | CA$1.40 Billion | ▼ -12.3% |
| 2008 | 0.70x | CA$2.03 Billion | CA$1.42 Billion | ▲ +22.2% |
| 2007 | 0.57x | CA$2.42 Billion | CA$1.39 Billion | ▲ +30.4% |
| 2006 | 0.44x | CA$2.95 Billion | CA$1.30 Billion | ▲ +0.4% |
| 2005 | 0.44x | CA$2.71 Billion | CA$1.19 Billion | ▼ -12.5% |
| 2004 | 0.50x | CA$2.14 Billion | CA$1.07 Billion | ▼ -5.1% |
| 2003 | 0.53x | CA$1.98 Billion | CA$1.04 Billion | ▼ -9.3% |
| 2002 | 0.58x | CA$1.61 Billion | CA$938.00 Million | ▼ -10.8% |
| 2001 | 0.65x | CA$1.62 Billion | CA$1.06 Billion | ▲ +2.6% |
| 2000 | 0.64x | CA$1.51 Billion | CA$958.00 Million | ▼ -13.1% |
| 1999 | 0.73x | CA$1.28 Billion | CA$939.01 Million | ▲ +21.8% |
| 1998 | 0.60x | CA$1.23 Billion | CA$738.17 Million | ▼ -33.1% |
| 1997 | 0.90x | CA$642.67 Million | CA$577.56 Million | ▲ +2.7% |
| 1996 | 0.87x | CA$567.04 Million | CA$496.04 Million | ▼ -64.0% |
| 1995 | 2.43x | CA$134.00 Million | CA$326.00 Million | — |