Canadian National Railway Co (CNR) — Free Cash Flow Generation Index
Canadian National Railway Co (CNR) has a Free Cash Flow Generation Index of 0.45x as of December 2025. Free cash flow of CA$998.00 Million represents 0% of operating cash flow (CA$2.23 Billion). See how liquid is Canadian National Railway Co's working capital to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Canadian National Railway Co Free Cash Flow Generation Index (1995–2025)
Historical FCF Generation Index trend for Canadian National Railway Co across 31 annual periods. Explore CNR debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Canadian National Railway Co (1995–2025)
Year-by-year Free Cash Flow Generation Index for Canadian National Railway Co. For the full company profile including market capitalisation, see Canadian National Railway Co market cap and net worth.
| Year | FCG Index | Free Cash Flow (CAD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.48x | CA$3.39 Billion | CA$7.05 Billion | CA$3.66 Billion | ▲ +2.3% |
| 2024 | 0.47x | CA$3.15 Billion | CA$6.70 Billion | CA$3.55 Billion | ▼ -13.3% |
| 2023 | 0.54x | CA$3.78 Billion | CA$6.96 Billion | CA$3.19 Billion | ▼ -7.7% |
| 2022 | 0.59x | CA$3.92 Billion | CA$6.67 Billion | CA$2.75 Billion | ▲ +0.4% |
| 2021 | 0.59x | CA$4.08 Billion | CA$6.97 Billion | CA$2.89 Billion | ▲ +9.3% |
| 2020 | 0.54x | CA$3.30 Billion | CA$6.17 Billion | CA$2.86 Billion | ▲ +54.1% |
| 2019 | 0.35x | CA$2.06 Billion | CA$5.92 Billion | CA$3.87 Billion | ▼ -13.9% |
| 2018 | 0.40x | CA$2.39 Billion | CA$5.92 Billion | CA$3.53 Billion | ▼ -21.7% |
| 2017 | 0.52x | CA$2.84 Billion | CA$5.52 Billion | CA$2.67 Billion | ▲ +6.9% |
| 2016 | 0.48x | CA$2.51 Billion | CA$5.20 Billion | CA$2.69 Billion | ▲ +1.8% |
| 2015 | 0.47x | CA$2.43 Billion | CA$5.14 Billion | CA$2.71 Billion | ▼ -0.5% |
| 2014 | 0.48x | CA$2.08 Billion | CA$4.38 Billion | CA$2.30 Billion | ▲ +7.2% |
| 2013 | 0.44x | CA$1.57 Billion | CA$3.55 Billion | CA$1.97 Billion | ▲ +2.2% |
| 2012 | 0.43x | CA$1.33 Billion | CA$3.06 Billion | CA$1.73 Billion | ▼ -4.3% |
| 2011 | 0.45x | CA$1.35 Billion | CA$2.98 Billion | CA$1.62 Billion | ▼ -3.6% |
| 2010 | 0.47x | CA$1.41 Billion | CA$3.00 Billion | CA$1.59 Billion | ▲ +22.4% |
| 2009 | 0.38x | CA$877.00 Million | CA$2.28 Billion | CA$1.40 Billion | ▲ +28.8% |
| 2008 | 0.30x | CA$607.00 Million | CA$2.03 Billion | CA$1.42 Billion | ▼ -29.9% |
| 2007 | 0.43x | CA$1.03 Billion | CA$2.42 Billion | CA$1.39 Billion | ▼ -23.9% |
| 2006 | 0.56x | CA$1.65 Billion | CA$2.95 Billion | CA$1.30 Billion | ▼ -0.3% |
| 2005 | 0.56x | CA$1.52 Billion | CA$2.71 Billion | CA$1.19 Billion | ▲ +12.6% |
| 2004 | 0.50x | CA$1.07 Billion | CA$2.14 Billion | CA$1.07 Billion | ▲ +5.6% |
| 2003 | 0.47x | CA$933.00 Million | CA$1.98 Billion | CA$1.04 Billion | ▲ +12.9% |
| 2002 | 0.42x | CA$674.00 Million | CA$1.61 Billion | CA$938.00 Million | ▲ +20.4% |
| 2001 | 0.35x | CA$563.00 Million | CA$1.62 Billion | CA$1.06 Billion | ▼ -4.6% |
| 2000 | 0.36x | CA$548.00 Million | CA$1.51 Billion | CA$958.00 Million | ▲ +36.0% |
| 1999 | 0.27x | CA$343.09 Million | CA$1.28 Billion | CA$939.01 Million | ▼ -32.9% |
| 1998 | 0.40x | CA$489.20 Million | CA$1.23 Billion | CA$738.17 Million | ▲ +293.4% |
| 1997 | 0.10x | CA$65.11 Million | CA$642.67 Million | CA$577.56 Million | ▼ -19.1% |
| 1996 | 0.13x | CA$71.00 Million | CA$567.04 Million | CA$496.04 Million | ▲ +108.7% |
| 1995 | -1.43x | CA$-192.00 Million | CA$134.00 Million | CA$326.00 Million | — |