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Side-by-side financial comparison of CANADIAN NATIONAL RAILWAY CO (CNI) and CANADIAN PACIFIC KANSAS CITY LTD/CN (CP), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

The Canadian National Railway Company is a Canadian Class I freight railway headquartered in Montreal, Quebec, which serves Canada and the Midwestern and Southern United States. It is one of Canada's two main freight rail companies, along with Canadian Pacific Kansas City.

The Canadian National Railway Company is a Canadian Class I freight railway headquartered in Montreal, Quebec, which serves Canada and the Midwestern and Southern United States. It is one of Canada's two main freight rail companies, along with Canadian Pacific Kansas City.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
CNI
CNI
CP
CP
Q4 25
$2.8B
Q3 25
$2.7B
Q2 25
$2.7B
Q1 25
$2.8B
Q4 24
$2.8B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
$2.5B
Net Profit
CNI
CNI
CP
CP
Q4 25
$786.2M
Q3 25
$671.6M
Q2 25
$900.8M
Q1 25
$664.3M
Q4 24
$876.7M
Q3 24
$611.0M
Q2 24
$660.6M
Q1 24
$565.8M
Operating Margin
CNI
CNI
CP
CP
Q4 25
41.4%
Q3 25
36.8%
Q2 25
36.6%
Q1 25
35.0%
Q4 24
40.6%
Q3 24
34.3%
Q2 24
35.4%
Q1 24
32.9%
Net Margin
CNI
CNI
CP
CP
Q4 25
27.7%
Q3 25
25.3%
Q2 25
33.6%
Q1 25
24.2%
Q4 24
31.2%
Q3 24
23.9%
Q2 24
25.3%
Q1 24
22.2%

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.