Canadian National Railway Co Cash Flow Quality Index

Latest as of December 2025: 1.78x

Canadian National Railway Co 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 Canadian National Railway Co cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

1.78x
Operating CF / Net Income

Operating Cash Flow

CA$2.23 Billion
CAD

Net Income

CA$1.25 Billion
CAD

Data as of

Dec 2025
Most recent filing

Cash Flow Quality Index of Canadian National Railway Co (1996–2025)

Cash flow quality index of Canadian National Railway Co from 1996 to 2025. Historical Cash Flow Quality Index for Canadian National Railway Co across 30 annual periods. Values consistently above 1.0x indicate high-quality earnings. See CNR net asset quality index to measure how much of total assets are equity-financed.

Canadian National Railway Co Cash Flow Quality Index by Year (1996–2025)

Canadian National Railway Co cash flow quality index by year from 1996 to 2025. Year-by-year earnings quality comparison for Canadian National Railway Co. For the full cash flow conversion analysis, see CNR cash flow metrics.

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 —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.