Canadian National Railway Co Capital Reinvestment Ratio
Canadian National Railway Co 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). See Canadian National Railway Co free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Canadian National Railway Co (1995–2025)
Capital reinvestment ratio of Canadian National Railway Co from 1995 to 2025. This chart tracks Canadian National Railway Co's Capital Reinvestment Ratio across 31 annual periods. See financial agility of Canadian National Railway Co to measure the company's free cash flow as a share of total liabilities.
Canadian National Railway Co Capital Reinvestment Ratio by Year (1995–2025)
Canadian National Railway Co capital reinvestment ratio by year from 1995 to 2025. For the full cash flow conversion analysis, see CNR cash flow metrics.
| 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 | — |