CN reported its financial and operating results for the fourth quarter and year ended December 31, 2025.
Quarterly Financial Results Highlights
Fourth-quarter 2025 compared to fourth-quarter 2024
- Revenues of C$4,464 million, an increase of C$106 million, or 2%.
- Operating income of C$1,733 million, an increase of C$105 million, or 6%, and adjusted operating income of C$1,782 million, an increase of C$154 million, or 9%.
- Operating ratio of 61.2%, an improvement of 1.4-points, and adjusted operating ratio of 60.1%, an improvement of 2.5 points.
- Net income of C$1,248 million, an increase of C$102 million, or 9%, and adjusted net income of C$1,284 million, an increase of C$138 million, or 12%.
- Diluted EPS of C$2.03, an increase of 12% and adjusted diluted EPS of C$2.08, an increase of 14%.
- The Company repurchased close to 4.4 million shares in the fourth quarter for approximately C$600 million.
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