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(Source: Canadian National Railway press release, January 30, 2025)

On January 30, 2025, CN reported its financial and operating results for the fourth quarter and year ended December 31, 2024.

Financial results highlights
Fourth-quarter 2024 compared to fourth-quarter 2023

  • Revenue ton miles (RTMs) of 59,305 (millions), a decrease of 3%.
  • Revenues of C$4,358 million, a decrease of C$113 million, or 3%.
  • Operating income of C$1,628 million, a decrease of C$190 million, or 10%.
  • Operating ratio, defined as operating expenses as a percentage of revenues, of 62.6%, an increase of 3.3-points.
  • Diluted earnings per share (EPS) of C$1.82, a decrease of 45%, or a decrease of 10% on an adjusted basis.

Full-year 2024 compared to full-year 2023

  • RTMs of 235,538 (millions), an increase of 1%.
  • Revenues of C$17,046 million, an increase of C$218 million, or 1%.
  • Operating income of C$6,247 million, a decrease of C$350 million, or 5%.
  • Operating ratio of 63.4%, an increase of 2.6 points, and adjusted operating ratio of 62.9%, an increase of 2.1 points.
  • Diluted EPS of C$7.01, a decrease of 18% and adjusted diluted EPS of C$7.10, a decrease of 2%. (1)
  • Return on invested capital (ROIC) of 12.9%, a decrease of 3.9 points and adjusted ROIC of 13.1%, a decrease of 1.4-points.

Full story: www.cn.ca