Canadian National Railway Co (CNR) — Cash Flow Quality Index
Canadian National Railway Co (CNR) has a Cash Flow Quality Index of 1.78x as of December 2025. Operating cash flow of CA$2.23 Billion exceeds net income of CA$1.25 Billion, indicating high earnings quality where cash backs reported profits. Explore CNR cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Canadian National Railway Co Cash Flow Quality Index (1996–2025)
Historical Cash Flow Quality Index for Canadian National Railway Co across 30 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see CNR operating cash flow.
Annual Cash Flow Quality Index for Canadian National Railway Co (1996–2025)
Year-by-year earnings quality comparison for Canadian National Railway Co.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.49x | CA$7.05 Billion | CA$4.72 Billion | ▼ -0.8% |
| 2024 | 1.51x | CA$6.70 Billion | CA$4.45 Billion | ▲ +21.6% |
| 2023 | 1.24x | CA$6.96 Billion | CA$5.62 Billion | ▼ -4.9% |
| 2022 | 1.30x | CA$6.67 Billion | CA$5.12 Billion | ▼ -8.5% |
| 2021 | 1.42x | CA$6.97 Billion | CA$4.90 Billion | ▼ -17.8% |
| 2020 | 1.73x | CA$6.17 Billion | CA$3.56 Billion | ▲ +23.2% |
| 2019 | 1.40x | CA$5.92 Billion | CA$4.22 Billion | ▲ +2.7% |
| 2018 | 1.37x | CA$5.92 Billion | CA$4.33 Billion | ▲ +35.9% |
| 2017 | 1.01x | CA$5.52 Billion | CA$5.48 Billion | ▼ -29.6% |
| 2016 | 1.43x | CA$5.20 Billion | CA$3.64 Billion | ▼ -1.6% |
| 2015 | 1.45x | CA$5.14 Billion | CA$3.54 Billion | ▲ +5.0% |
| 2014 | 1.38x | CA$4.38 Billion | CA$3.17 Billion | ▲ +1.8% |
| 2013 | 1.36x | CA$3.55 Billion | CA$2.61 Billion | ▲ +19.0% |
| 2012 | 1.14x | CA$3.06 Billion | CA$2.68 Billion | ▼ -5.7% |
| 2011 | 1.21x | CA$2.98 Billion | CA$2.46 Billion | ▼ -15.0% |
| 2010 | 1.43x | CA$3.00 Billion | CA$2.10 Billion | ▲ +16.0% |
| 2009 | 1.23x | CA$2.28 Billion | CA$1.85 Billion | ▲ +14.7% |
| 2008 | 1.07x | CA$2.03 Billion | CA$1.90 Billion | ▼ -4.3% |
| 2007 | 1.12x | CA$2.42 Billion | CA$2.16 Billion | ▼ -20.8% |
| 2006 | 1.41x | CA$2.95 Billion | CA$2.09 Billion | ▼ -18.7% |
| 2005 | 1.74x | CA$2.71 Billion | CA$1.56 Billion | ▲ +2.2% |
| 2004 | 1.70x | CA$2.14 Billion | CA$1.26 Billion | ▼ -12.7% |
| 2003 | 1.95x | CA$1.98 Billion | CA$1.01 Billion | ▼ -3.3% |
| 2002 | 2.02x | CA$1.61 Billion | CA$800.00 Million | ▲ +29.3% |
| 2001 | 1.56x | CA$1.62 Billion | CA$1.04 Billion | ▼ -3.0% |
| 2000 | 1.61x | CA$1.51 Billion | CA$937.00 Million | ▼ -6.2% |
| 1999 | 1.71x | CA$1.28 Billion | CA$748.31 Million | ▼ -69.0% |
| 1998 | 5.52x | CA$1.23 Billion | CA$222.25 Million | ▲ +262.1% |
| 1997 | 1.53x | CA$642.67 Million | CA$421.40 Million | ▼ -66.6% |
| 1996 | 4.57x | CA$567.04 Million | CA$124.00 Million | — |