OakChart

Canadian National Railway Co

CNIIndustrials·Railroads·Canada·Large·NYSE·Nov 11 • 8:59 AM ET

127.61+0.83 (0.65%)
2026-11-11 15:22 CET
Market cap
76,029.97 USD m
Revenue, TTM
13,235.14 USD m
Net income, TTM
3,496.30 USD m
Free cash flow, TTM
2,723.64 USD m
EPS diluted, TTM
5.73
P/E
22.27
Compare

Price

CNI against its 20, 50 and 200-day averages
2050200beatmiss
100.00110.00120.00130.003.0M5.9MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CNIclose 127.6120-day 124.4550-day 121.75200-day 116.55127.61

3.0% under 131.55 on 24 Jul 2026. Last 15 sessions, 7.0% high to low

Profile

CNI
52-week range, 90% of the way up
90.74131.55

Canadian National Railway Co. engages in rail and related transportation business. Its services include rail, intermodal, trucking, supply chain services, business development, and maps & network. Its offers their services in automotive, coal, fertilizer, food & beverages, forest products, dimensional loads, grain, metals & minerals, and petroleum & chemicals industries. The company was founded on June 6, 1919 and is headquartered in Montreal, Canada.

Employees23839
IPONov 26, 1996
Beta0.90
ATR, 14d2.59
Rel volume0.00
Short float0.72%
Insider own0.05%
Inst own68.98%

Snapshot

6 groups

Valuation

Index-
Market Cap76.53B
Enterprise Value92.36B
Income3.50B
Sales13.24B
Book/sh25.72
Cash/sh0.89
Dividend Est.2.65 (2.08%)
Dividend TTM2.64 (2.06%)
Dividend Ex-DateDec 09, 2026
Dividend Gr. 3/5Y4.12% 8.23%
Payout46.91%
Employees23839
IPONov 26, 1996

Ratios

P/E22.27
Forward P/E20.09
PEG2.04
P/S5.78
P/B4.96
P/C143.53
P/FCF28.10
EV/EBITDA14.51
EV/Sales6.98
Quick Ratio0.61
Current Ratio0.82
Debt/Eq1.06
LT Debt/Eq1.00
Option/ShortYes / Yes

Earnings

EPS (ttm)5.73
EPS next Y6.35
EPS next Q1.57
EPS this Y9.33%
EPS next Y8.04%
EPS next 5Y9.86%
EPS past 3/5Y-1.85% 7.72%
Sales past 3/5Y-1.96% 3.75%
EPS Y/Y TTM8.89%
Sales Y/Y TTM7.65%
EPS Q/Q7.38%
Sales Q/Q12.68%
EarningsOct 30 BMO
EPS/Sales Surpr.3.70% 2.45%

Ownership

Insider Own0.05%
Insider Trans0.00%
Inst Own68.98%
Inst Trans-0.85%
ROA8.28%
ROE22.74%
ROIC11.31%
Gross Margin44.28%
Oper. Margin37.62%
Profit Margin26.42%
SMA202.53%
SMA504.81%
SMA2009.49%
Trades-

Technical

Shs Outstand601.20M
Shs Float599.39M
Short Float0.72%
Short Ratio3.52
Short Interest4.33M
52W High131.55 -3.00%
52W Low90.74 40.63%
Volatility2.47% 2.08%
ATR (14)2.59
RSI (14)59.38
Beta0.90
Rel Volume0.00
Avg Volume1.23M
Volume8

Performance

Perf Week-1.06%
Perf Month7.31%
Perf Quarter-0.07%
Perf Half Y14.07%
Perf YTD29.09%
Perf Year32.98%
Perf 3Y14.24%
Perf 5Y-1.76%
Perf 10Y101.75%
Recom2.16
Target Price138.86
Prev Close126.78
Price127.61
Change %0.65%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 15, 2026InitiatedCCitizensMkt Perform
Jul 14, 2026DowngradeSSusquehannaPositive → Neutral$140+9.7%
Jun 25, 2026UpgradeEEvercore ISIIn-line → Outperform$124-2.8%
Apr 09, 2026UpgradeBBofA SecuritiesNeutral → Buy$122-4.4%
Jan 05, 2026UpgradeVVertical ResearchHold → Buy
Jul 23, 2025DowngradeNNational Bank FinancialOutperform → Sector Perform
Jul 23, 2025DowngradeJJP MorganOverweight → Neutral
Jul 23, 2025DowngradeEEvercore ISIOutperform → In-line$105-17.7%
Jul 17, 2025UpgradeRRaymond JamesMkt Perform → Outperform
May 06, 2025UpgradeSSusquehannaNeutral → Positive$120-6.0%

Peers

Mkt cap
TickerCompanyMkt cap
CPCanadian Pacific Kansas City Limited81.70B
UNPUnion Pacific Corp177.63B
CSXCSX Corp94.66B
NSCNorfolk Southern Corp72.44B
WABWestinghouse Air Brake Technologies Corp51.46B
JBHTJ.B. Hunt Transport Services Inc21.16B
ODFLOld Dominion Freight Line Inc34.95B
GBXGreenbrier Cos. Inc1.30B
TRNTrinity Industries Inc2.40B
KNXKnight-Swift Transportation Holdings Inc10.08B

Insider trading

1 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
DEREK M. TAYLOROFFICERDec 23 '25Proposed Sale98.366,540643,296Dec 23 06:33 PM

Held by

AUM
TickerCompanyAUM
NFRANorthern Trust STOXX Global Broad Infrastructure ETFAUM: 3.08B
DFAIDimensional International Core Equity Market ETF-
DIHPDimensional International High Profitability ETF-
DFICDimensional International Core Equity 2 ETF-
PIDInvesco International Dividend Achievers ETFAUM: 881.07M
DFAXDimensional World ex U.S. Core Equity 2 ETF-
TMFGMotley Fool Global Opportunities ETFAUM: 332.31M
IDVZPolen International Dividend Income FundAUM: 206.39M
LOEVHarding Loevner Intl Dev SelectAUM: 88.07M
NGIFNuveen Global Infrastructure Fund: ETF Class Shares-

News

latest 14 of 206
  • CN Reports Record Grain Movement for October (GlobeNewswire)
  • CN 3Q profit rises 6% as freight revenue climbs (FreightWaves)
  • CN: Q3 Earnings Snapshot (Associated Press)
  • CN Declares Fourth-Quarter 2026 Dividend (GlobeNewswire)
  • CN Delivers Strong Third Quarter Performance (GlobeNewswire)
  • Loading…
  • CN Announces Retirement of Chief Financial Officer Ghislain Houle and Appointment of Successor Jamie Lockwood (GlobeNewswire)
  • CN to Report Third-Quarter 2026 Financial and Operating Results Tomorrow (GlobeNewswire)
  • CN Railway Must Prove Its Raised Outlook As Wall Street Lingers Below Guidance (Earnings Whispers)
  • Top Analyst Reports for Salesforce, S&P & Intuit (Zacks)
  • Top rail stocks to watch according to Jefferies analysis (Investing.com)
  • CCT Auto Trans expands car haul coverage map in Livingston VTS deal (FreightWaves)
  • Record Highs Beckon for Big Caps as Small Caps Lag and Deal Flow Builds (PR Newswire)
  • Bear of the Day: Southwest Airlines (LUV) (Zacks)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-301.5441.4891.4303,4113,32926
2026Q22026-07-241.4771.3951.4853,3743,30125
2026Q12026-04-291.3161.3161.3653,2013,20724
2025Q42026-01-301.5421.4631.4533,3093,25325
2025Q32025-10-311.3091.2621.3292,9792,96826
2025Q22025-07-221.3751.3591.3483,1403,15426
2025Q12025-05-011.3361.2871.2883,1793,15627
2024Q42025-01-301.2561.3321.3023,0073,02327
2024Q32024-10-221.2451.2331.2622,9742,95927
2024Q22024-07-231.3351.4081.2803,1403,21526
2024Q12024-04-231.2591.2441.2743,1103,10726
2023Q42024-01-231.4991.4702.4153,3183,23927
2023Q32023-10-241.2331.2471.2612,9082,96427
2023Q22023-07-251.3361.3561.3103,0793,13029
2023Q12023-04-241.3441.2821.3473,1853,16830
2022Q42023-01-241.5711.5571.5453,3973,35530

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY4.3924.3564.39711,29611,281
2020FY4.1574.1543.72510,81710,853
2021FY4.7044.5195.50111,46511,394
2022FY5.5805.5895.71212,79512,648
2023FY5.4105.3806.32312,50512,407
2024FY4.8995.0115.11711,76111,855
2025FY5.6555.5555.61112,82612,773
2026FY-5.878--13,482
2027FY-6.351--14,057
2028FY-7.128--14,714
2029FY-7.831--15,670
2030FY-8.003--16,206

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-01211613,5183,3753,654
2026Q4S2026-10-30231903,5403,4483,681
2026Q4S2026-10-23211413,4683,3563,648
2026Q4S2026-10-19201413,4403,3293,618
2026Q4S2026-10-16201313,4163,3113,599
2026Q4S2026-10-14201213,4043,2653,593
2026Q4S2026-10-13201013,3803,2503,577
2026Q4S2026-10-0920913,3913,2643,592
2026Q4S2026-10-0720813,3893,2663,595
2026Q4S2026-10-06201213,3763,2543,582
2026Q4S2026-10-05201213,3783,2563,584
2026Q4S2026-10-02201113,3783,2643,593
2026Q4S2026-10-01201203,3693,2613,455
2026Q4S2026-09-27201013,3803,2813,477

Estimate history

EPS, annual5.5794.5264.3973.7255.5015.7126.3235.1175.4165.7304
Period201720182019202020212022202320242025TTM
EPS, quarterly1.2621.3021.2881.3481.3291.4531.3651.4851.427
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual10046.91711048.89211242.01410302.68311547.11913140.49612468.07612442.68512383.98513235.14
Period201720182019202020212022202320242025TTM
Sales, quarterly3013.2573116.3193068.6523085.0213024.4143201.4743192.3713433.2963407.999
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual742.6725.3712.3710.3700.9671642.7627.9613.3601.2
Period201720182019202020212022202320242025MRQ
Shares, quarterly628.8627.9627.5625.4617.7613.3607.6604.9601.2
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue13,235.1412,383.9812,442.6812,468.0813,140.5011,547.1210,302.6811,242.0111,048.89
Cost of Goods Sold Incl. D&A7,374.746,827.517,071.006,903.827,199.736,438.375,678.076,321.516,088.81
Gross Profit5,860.405,556.485,371.685,564.255,940.765,108.744,624.614,920.504,960.08
Selling, General and Administrative Excl. Other881.74842.35754.77676.45686.71671.59700.81705.40722.14
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income4,978.664,714.134,616.924,887.805,254.054,437.153,923.804,215.104,237.94
Interest Expense687.50653.41650.38534.94420.94486.55413.03405.46377.27
Unusual Expense-69.92-40.080.000.00-76.81-641.292.2456.52-121.13
Net Income Before Taxes4,677.244,482.974,271.654,807.045,194.905,058.493,387.764,091.504,383.76
Income Taxes1,180.941,105.001,024.85639.411,263.581,150.96732.12914.161,044.63
Consolidated Net Income3,496.303,377.973,246.814,167.633,931.323,907.532,655.633,177.343,339.12
Net Income From Continuing Operations3,496.303,377.973,246.814,167.633,931.323,907.532,655.633,177.343,339.12
Net Income3,496.303,377.973,246.814,167.633,931.323,907.532,655.633,177.343,339.12
EPS (Recurring)5.705.375.126.325.634.873.734.454.41
EPS (Basic, Before Extraordinaries)5.745.425.136.345.735.523.734.414.55
EPS (Diluted)5.735.425.126.325.715.503.724.404.53
EBITDA6,363.906,101.105,997.986,234.046,582.155,711.745,108.475,392.285,263.29
Non-Operating Income (Expense)316.16382.17305.12454.18284.98466.61-120.78338.38401.96
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense69.2560.8329.9336.3060.7263.9051.5169.3395.67
Price To Earnings Ratio22.1222.1216.2923.0021.5322.3229.2920.5116.31
Price To Sales Ratio5.464.995.186.686.227.577.605.824.94
Gross Margin44.2844.8743.1744.6345.2144.2444.8943.7744.89
Operating Margin37.6238.0737.1139.2039.9838.4338.0937.4938.36
Net Margin26.4227.2826.0933.4329.9233.8425.7828.2630.22
Shares Outstanding601.20613.30627.90642.70671.00700.90710.30712.30725.30
Market Capitalization76,029.9776,029.9763,829.4981,370.5580,362.8886,776.0278,015.4764,698.8953,974.31

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue3,408.003,433.303,192.373,201.473,024.413,085.023,068.653,116.32
Cost of Goods Sold Incl. D&A1,897.941,932.271,825.461,719.071,666.511,689.831,747.941,752.66
Gross Profit1,510.061,501.031,366.911,482.401,357.901,395.191,320.711,363.66
Selling, General and Administrative Excl. Other190.01214.54237.66239.54191.70212.31198.63199.51
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,320.051,286.491,129.251,242.871,166.201,182.881,122.081,164.15
Interest Expense175.01174.08170.59167.82164.84158.15162.39165.18
Unusual Expense75.72-52.73-24.06-68.85-52.2847.66-0.700.00
Net Income Before Taxes1,157.911,213.541,108.841,196.971,094.311,127.271,064.241,078.34
Income Taxes294.30311.33273.38301.93267.22280.92255.08258.86
Consolidated Net Income863.61902.21835.45895.04827.08846.36809.15819.48
Net Income From Continuing Operations863.61902.21835.45895.04827.08846.36809.15819.48
Net Income863.61902.21835.45895.04827.08846.36809.15819.48
EPS (Recurring)1.511.421.341.371.271.401.291.30
EPS (Basic, Before Extraordinaries)1.431.491.371.451.331.351.291.30
EPS (Diluted)1.431.491.371.451.331.351.291.30
EBITDA1,674.361,637.551,482.091,569.901,529.271,536.011,465.681,513.82
Non-Operating Income (Expense)88.5848.40126.1253.0740.66150.21103.8479.37
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense17.1418.7820.4112.9111.6217.3318.829.30
Price To Earnings Ratio22.1221.7018.9718.7718.1420.2819.0416.29
Price To Sales Ratio5.465.645.024.934.785.324.955.13
Gross Margin44.3143.7242.8246.3044.9045.2243.0443.76
Operating Margin38.7337.4735.3738.8238.5638.3436.5737.36
Net Margin25.3426.2826.1727.9627.3527.4326.3726.30
Shares Outstanding601.20604.90607.60613.30617.70625.40627.50627.90
Market Capitalization76,029.9772,330.9862,833.5860,842.1858,862.0665,285.1061,136.6663,829.49

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments264.82278.82700.74615.521,061.63863.42453.44555.72441.36
Short Term Receivables814.88908.77985.891,011.85850.26894.03935.42855.91785.35
Inventories535.47500.63530.11510.72466.29457.61471.18407.82338.40
Other Current Assets187.49132.80125.89236.17334.09219.78322.34177.92182.77
Total Current Assets1,802.661,821.032,342.642,374.262,712.272,434.852,182.381,997.361,747.88
Net Property, Plant & Equipment36,175.8233,684.4734,158.2032,478.6932,951.7531,792.7830,992.1027,656.3227,286.80
Total Investments and Advances80.98297.59304.8769.3894.2165.1564.7851.2558.26
Long-Term Note Receivable4.3811.1312.1318.4525.3329.0423.9119.0420.75
Intangible Assets160.50138.37152.43152.77165.46168.76176.6053.4549.48
Deferred Tax Assets445.74479.07517.22390.42417.21453.69569.12342.66378.31
Other Assets4,047.423,247.812,453.362,296.762,477.14677.39324.66398.30869.15
Total Assets42,717.4939,679.4639,940.8537,780.7338,843.3735,621.6634,333.5330,518.3830,410.63
Short Term Debt Incl. Current Port. of LT Debt739.74903.911,863.34872.36487.67798.271,582.42866.891,660.08
Accounts Payable649.28716.87734.11704.09714.88612.24667.82718.99589.01
Income Tax Payable313.70227.37235.10286.36244.63175.04155.77150.10160.42
Other Current Liabilities993.62916.42985.89972.731,022.84984.30899.94826.62769.38
Total Current Liabilities2,696.332,764.573,818.442,835.532,470.022,569.863,305.962,562.603,178.90
Long Term Debt15,039.9413,955.6412,460.9410,858.709,736.779,660.139,442.848,335.776,981.92
Provision for Risks Charges523.80511.75586.99557.22708.55799.06781.18716.06761.40
Deferred Tax Liabilities8,187.497,560.847,633.857,620.217,782.136,945.846,618.085,819.305,927.61
Other Liabilities535.47249.62184.29126.94140.13222.14272.99168.40267.37
Total Liabilities26,983.0425,042.4124,684.5121,998.6020,837.5920,197.0220,421.0517,602.1417,117.20
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity15,734.4514,637.0515,256.3315,782.1318,005.7815,424.6513,912.4712,916.2413,293.43
Total Shareholders Equity15,734.4514,637.0515,256.3315,782.1318,005.7815,424.6513,912.4712,916.2413,293.43
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity15,734.4514,637.0515,256.3315,782.1318,005.7815,424.6513,912.4712,916.2413,293.43
Total Liabilities & Stockholders Equity42,717.4939,679.4639,940.8537,780.7338,843.3735,621.6634,333.5330,518.3830,410.63
Book Value Per Share25.6623.3123.7423.5225.6921.7219.5317.8117.90
Tangible Book Value Per Share25.3923.0923.5023.2925.4521.4819.2817.7317.83
Full-Time Employees23,83924,67124,98723,97122,60424,38125,97525,72023,945
Price to Book Ratio4.934.435.535.254.785.064.634.165.11
Return on Assets8.208.1610.7210.2610.497.599.8010.9714.46
Return on Equity22.2421.7226.8523.2723.3818.1023.6925.4834.69
Return on Invested Capital10.9811.3615.0414.7614.0810.5913.6015.7120.84
Quick Ratio0.470.480.470.660.910.770.520.620.44
Current Ratio0.670.660.610.841.100.950.660.780.55

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income3,438.273,377.973,246.814,167.633,931.323,907.532,655.633,177.343,339.12
Depreciation1,360.921,386.971,381.061,346.241,328.111,274.591,184.671,177.181,025.35
Other Funds (Non Cash)-271.15-293.43-224.09-405.28-132.89-148.36296.73102.49-345.64
Funds from Operations4,787.484,710.554,641.014,895.215,436.865,442.954,500.114,885.834,425.42
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital180.83334.22248.91265.25-315.70117.2596.18-422.04140.42
Cash from Operating Activities4,968.315,044.774,889.925,160.465,121.165,560.204,596.284,463.804,565.84
Capital Expenditures-2,244.67-2,617.93-2,590.58-2,361.29-2,112.37-2,305.91-2,134.49-2,912.81-2,724.23
Net Assets From Acquisitions0.000.000.00-288.960.000.00-5.96-195.19-
Sale of Fixed Assets and Businesses60.000.000.0095.58209.700.000.000.00149.67
Purchase or Sale of Investments0.000.000.000.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.000.00
Other Uses-6.69-39.36-42.34-14.82-25.35-724.24-55.92-49.74-51.69
Other Sources0.000.000.000.000.00738.590.000.000.00
Cash from Investing Activities-2,191.35-2,657.29-2,632.92-2,569.48-1,928.02-2,291.56-2,196.37-3,157.74-2,626.24
Cash Dividends Paid-1,564.56-1,580.20-1,560.63-1,534.43-1,539.34-1,387.86-1,218.22-1,163.62-1,028.43
Change in Capital Stock-1,797.97-1,480.01-1,942.39-3,394.12-3,669.38-1,262.63-257.96-1,256.31-1,505.23
Repurchase of Common Pref Stock-1,864.02-1,520.09-1,972.32-3,430.43-3,716.24-1,304.11-299.71-1,314.34-1,584.70
Sale of Common Pref Stock66.0540.0829.9336.3046.8641.4841.7558.0379.47
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net967.67649.11776.662,379.811,596.95-312.67-525.611,049.06751.46
Change in Long Term Debt967.67649.11776.662,379.811,596.95-312.67-525.611,049.06751.46
Issuance of Long Term Debt1,644.00968.301,534.352,565.041,891.15374.081,333.781,352.032,597.70
Reduction of Long Term Debt-676.33-319.19-757.69-185.23-294.20-686.75-1,859.39-302.96-1,846.24
Net Financing Active Other Cash Flow-1.55-1.4383.9425.1926.88-113.26-16.40-63.311.54
Other Financing Activities Uses-4.22-3.58-3.65-2.96-33.80-113.26-35.79-64.81-39.35
Cash from Financing Activities-2,396.42-2,412.53-2,642.41-2,523.55-3,584.89-3,076.41-2,018.19-1,434.17-1,780.66
Exchange Rate Effect0.73-2.153.65-0.742.300.000.00-0.750.00
Net Change in Cash381.26-27.20-381.7666.68-389.44192.23381.72-128.87158.93
Free Cash Flow2,723.642,426.842,299.332,799.173,008.793,254.282,461.791,550.991,841.61
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow62.3072.9687.1865.8255.6046.8162.98168.9867.16
Deferred Taxes & Investment Tax Credit-239.03237.23-213.38310.33409.18363.08428.82406.59

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments533.19207.22419.91264.82162.43469.04
Short Term Receivables965.66925.46897.14814.88895.50828.88
Inventories614.19606.87595.46535.47560.59598.75
Other Current Assets331.75267.14271.58187.49186.86204.47
Total Current Assets2,444.802,006.702,184.091,802.661,805.382,101.14
Net Property, Plant & Equipment35,718.2635,585.5535,707.7936,175.8235,309.0435,197.51
Total Investments and Advances0.000.000.0080.980.000.00
Intangible Assets378.24382.03350.40160.50359.35354.71
Deferred Tax Assets421.20428.55435.67445.74453.50460.97
Other Assets4,038.743,954.193,931.074,047.423,508.703,495.05
Total Assets43,001.2342,357.0042,609.0142,717.4941,435.9641,609.38
Short Term Debt Incl. Current Port. of LT Debt921.29360.881,254.70660.951,125.49823.74
Accounts Payable2,064.451,943.262,012.832,014.231,857.841,722.98
Other Current Liabilities0.000.00-0.0021.1615.8124.92
Total Current Liabilities2,985.742,304.143,267.532,696.332,999.142,571.64
Long Term Debt15,449.2015,579.9114,879.4415,039.9414,297.1114,386.22
Provision for Risks Charges321.18324.23331.77523.80337.79345.91
Deferred Tax Liabilities8,117.638,069.788,097.178,187.497,934.457,969.95
Other Liabilities665.61642.11662.10535.47578.55552.58
Total Liabilities27,539.3626,920.1827,238.0126,983.0426,147.0525,826.31
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity15,461.8815,436.8315,371.0015,734.4515,288.9215,783.07
Total Shareholders Equity15,461.8815,436.8315,371.0015,734.4515,288.9215,783.07
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity15,461.8815,436.8315,371.0015,734.4515,288.9215,783.07
Total Liabilities & Stockholders Equity43,001.2342,357.0042,609.0142,717.4941,435.9641,609.38
Book Value Per Share25.7225.5225.3025.6624.7525.24
Tangible Book Value Per Share25.0924.8924.7225.3924.1724.67
Full-Time Employees23,822--23,83924,237-
Price to Book Ratio4.934.714.013.993.744.35
Return on Assets8.288.248.258.208.088.07
Return on Equity22.7422.1622.4022.2422.2421.83
Return on Invested Capital2.792.912.762.912.802.81
Quick Ratio0.610.610.490.470.420.58
Current Ratio0.820.870.670.670.600.82

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income844.38894.56835.45863.88836.42875.62
Depreciation346.51347.83352.84313.73367.00365.56
Other Funds (Non Cash)5.12-81.23-122.48-72.57-74.16-75.53
Funds from Operations1,254.201,228.041,098.631,206.611,196.461,221.78
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital82.77-72.79-176.42347.27204.3067.71
Cash from Operating Activities1,336.971,155.25922.211,553.881,400.761,289.49
Capital Expenditures-565.92-499.10-320.04-859.61-807.69-594.41
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses-0.67-0.5661.240.000.000.00
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-5.007.29-7.29-1.68-11.04-13.48
Other Sources-11.5611.560.000.000.000.00
Cash from Investing Activities-583.15-480.81-266.09-861.30-818.73-607.89
Cash Dividends Paid-385.38-396.45-406.79-375.94-403.84-415.55
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-437.44-314.28-624.77-421.49-754.00-219.12
Repurchase of Common Pref Stock-452.67-329.91-653.20-428.25-755.62-223.72
Sale of Common Pref Stock15.2315.6328.436.761.634.59
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net413.38-229.14569.36214.06253.71272.61
Change in Long Term Debt413.38-229.14569.36214.06253.71272.61
Issuance of Long Term Debt547.53-215.791,083.32228.9422.86718.54
Reduction of Long Term Debt-134.15-13.35-513.96-14.88230.85-445.93
Net Financing Active Other Cash Flow-12.3651.58-32.08-8.7020.98-34.63
Other Financing Activities Uses0.0626.30-32.081.508.64-12.33
Cash from Financing Activities-421.80-888.29-494.27-592.06-883.14-396.70
Exchange Rate Effect-0.741.440.73-0.701.44-2.89
Net Change in Cash331.28-212.41162.5799.82-299.67282.01
Free Cash Flow771.05656.15602.17694.27593.07695.08
Price to Free Cash Flow62.3075.2863.9071.9065.7486.71

Revenue breakdown

Revenue split-

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-300.72%4.3M599.4M1.24M
2026-10-150.82%5.0M604.8M1.34M
2026-09-301.06%6.4M604.8M1.42M
2026-09-150.89%5.4M604.8M1.48M
2026-08-311.11%6.7M604.8M1.54M
2026-08-140.80%4.8M604.8M1.56M
2026-07-310.77%4.7M603.7M1.54M
2026-07-150.50%3.0M606.2M1.50M
2026-06-300.46%2.8M606.2M1.49M
2026-06-151.00%6.0M606.2M1.51M
2026-05-291.21%7.3M606.2M1.51M
2026-05-150.84%5.1M606.2M1.61M
2026-04-300.36%2.2M610.9M1.78M
2026-04-150.36%2.1M591.1M1.78M
2026-03-310.35%2.1M591.0M1.75M
2026-03-130.89%5.2M591.0M1.61M
2026-02-271.07%6.3M591.0M1.58M
2026-02-130.60%3.5M591.3M1.51M
2026-01-300.37%2.2M594.1M1.41M
2026-01-150.68%4.0M595.1M1.35M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call65.000.000.000.00-0.000.00---
call70.000.000.000.00-0.000.00---
call75.000.000.000.00-0.000.00---
call80.000.000.000.00-0.000.00---
call85.000.000.000.00-0.000.00---
call90.000.000.000.00-0.000.00---
call95.000.000.000.00-0.000.00---
call1000.000.000.00-0.000.00---
call1050.000.000.00-0.000.00---
call1100.000.000.00-0.000.00---
call1150.000.0011.40-50.000.00---
call1200.000.005.40-29.000.00---
call1250.000.002.95-6610.00---
call1300.000.000.76-3190.00---
call1350.000.000.53-4.000.00---
call1400.000.000.15-3480.00---
call1450.000.000.00-0.000.00---
call1500.000.000.05-40.000.00---
call1550.000.000.05-40.000.00---
call1600.000.000.00-0.000.00---
call1650.000.000.00-0.000.00---
call1700.000.000.00-0.000.00---
call1750.000.000.00-0.000.00---
put65.000.000.000.00-0.000.00---
put70.000.000.000.00-0.000.00---
put75.000.000.000.00-0.000.00---
put80.000.000.000.00-0.000.00---
put85.000.000.000.00-0.000.00---
put90.000.000.000.00-0.000.00---
put95.000.000.000.00-0.000.00---
put1000.000.000.38-10.000.00---
put1050.000.000.35-1.000.00---
put1100.000.000.44-16.000.00---
put1150.000.000.15-30.000.00---
put1200.000.000.70-3400.00---
put1250.000.001.35-5090.00---
put1300.000.005.70-1000.00---
put1350.000.000.00-0.000.00---
put1400.000.000.00-0.000.00---
put1450.000.000.00-0.000.00---
put1500.000.000.00-0.000.00---
put1550.000.000.00-0.000.00---
put1600.000.000.00-0.000.00---
put1650.000.000.00-0.000.00---
put1700.000.000.00-0.000.00---
put1750.000.000.00-0.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-09-30SEC
2026-10-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-10-29SEC
2026-08-256-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-08-25SEC
2026-07-246-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-06-30SEC
2026-07-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-22SEC
2026-07-236-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-07-22SEC
2026-05-08SUPPLVoluntary supplemental material filed pursuant to Section 11(a) of the Securities Act of 1933 by foreign issuersSEC
2026-05-086-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-07SEC
2026-05-07FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-05-07SUPPLVoluntary supplemental material filed pursuant to Section 11(a) of the Securities Act of 1933 by foreign issuersSEC
2026-05-04EFFECTEffectiveness filing by commission orderSEC
2026-05-016-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-01SEC
2026-05-016-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-05-01SEC
2026-04-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-04-29SEC
2026-04-29F-XFor appointment of agent for service of process by issuers registering securities (if filed on Form F-8, F-9, F-10 or F-80, or registering securities or filing periodic reports on Form 40-F, or by any person filing certain tender offer documents, or by anSEC
2026-04-29F-XFor appointment of agent for service of process by issuers registering securities (if filed on Form F-8, F-9, F-10 or F-80, or registering securities or filing periodic reports on Form 40-F, or by any person filing certain tender offer documents, or by anSEC
2026-04-29F-10Registration statement for securities of certain Canadian issuers under the Securities Act of 1933SEC
2026-04-296-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-31SEC
2026-03-256-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-25SEC
2026-03-256-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-03-25SEC
2026-02-066-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-06SEC
2026-02-056-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-02-04SEC
2026-02-0440-FRegistration Statement Pursuant to Section 12 of the Securities Exchange Act of 1934 or Annual Report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 19342025-12-31SEC
2026-02-046-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-12-31SEC
2026-01-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-01-30SEC
2026-01-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162026-01-30SEC
2026-01-306-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-12-31SEC
2025-12-23144Filing for proposed sale of securities under Rule 144.SEC
2025-11-07SUPPLVoluntary supplemental material filed pursuant to Section 11(a) of the Securities Act of 1933 by foreign issuersSEC
2025-11-076-KCurrent report of foreign issuer pursuant to Rules 13a-16 and 15d-162025-11-06SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
GATES FOUNDATION TRUST8.54%
ROYAL BANK OF CANADA5.14%
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC3.13%
FIL Ltd2.87%
VANGUARD CAPITAL MANAGEMENT LLC2.62%
BANK OF MONTREAL /CAN/2.54%
1832 Asset Management L.P.2.51%
TD ASSET MANAGEMENT INC1.63%
TCI Fund Management Ltd1.56%
MACKENZIE FINANCIAL CORP1.43%

Funds

Fund% owned
VANGUARD WELLESLEY INCOME FUND4.27%
VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND3.53%
College Retirement Equities Fund - Responsible Balanced Account2.53%
VANGUARD LONG-TERM INVESTMENT-GRADE FUND2.34%
Fidelity U.S. Bond Index Fund2.19%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND2.14%
VANGUARD TOTAL BOND MARKET II INDEX FUND2.04%
VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND1.34%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND1.32%
VANGUARD LONG-TERM CORPORATE BOND INDEX FUND1.22%

OakChart. CNI. Cached 15 minutes.