CANADIAN NATIONAL RAILWAY CO (CNI) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2025-12-31..
- Stock-based compensation / revenue · 12 months: Value (m); Formula and calculation Share-based compensation / revenue. Period ending 2025-12-31..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated CAD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2025-12-31; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | (m) | Share-based compensation / revenue. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated CAD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | |
| Revenue | 17.30B CAD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | (m) | |
| Operating income | 6.59B CAD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (CAD) | Revenue (CAD) | Stock-based compensation (CAD) | Operating income (CAD) | Interest expense · reported / estimated (CAD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | (m) | 17.30B | (m) | 6.59B | (m) | (m) | (m) | (m) | (m) |
| 2024-12-31 | (m) | 17.05B | (m) | 6.25B | (m) | (m) | (m) | (m) | (m) |
| 2023-12-31 | (m) | 16.83B | (m) | 6.60B | (m) | (m) | (m) | (m) | (m) |
| 2022-12-31 | (m) | 17.11B | (m) | 6.84B | (m) | (m) | (m) | (m) | (m) |
| 2020-12-31 | (m) | 13.82B | (m) | 4.78B | 554.00M | (m) | (m) | 8.62× | Reported |
| 2019-12-31 | (m) | 14.92B | (m) | 5.59B | 538.00M | (m) | (m) | 10.40× | Reported |
| 2018-12-31 | (m) | 14.32B | (m) | 5.49B | 489.00M | (m) | (m) | 11.23× | Reported |
| 2017-12-31 | (m) | 13.04B | (m) | 5.56B | 481.00M | (m) | (m) | 11.56× | Reported |
| 2016-12-31 | (m) | 12.04B | (m) | 5.31B | 480.00M | (m) | (m) | 11.07× | Reported |
| 2015-12-31 | (m) | 12.61B | (m) | 5.27B | 439.00M | (m) | (m) | 12.00× | Reported |
| 2014-12-31 | (m) | 12.13B | (m) | 4.62B | 371.00M | (m) | (m) | 12.46× | Reported |
| 2013-12-31 | (m) | 10.57B | (m) | 3.87B | 357.00M | (m) | (m) | 10.85× | Reported |
| 2012-12-31 | (m) | 9.92B | (m) | 3.69B | 342.00M | (m) | (m) | 10.77× | Reported |
| 2011-12-31 | (m) | 9.03B | (m) | 3.30B | 341.00M | (m) | (m) | 9.67× | Reported |
| 2010-12-31 | (m) | 8.30B | (m) | 3.02B | 360.00M | (m) | (m) | 8.40× | Reported |
| 2009-12-31 | (m) | 7.37B | (m) | 2.41B | 412.00M | (m) | (m) | 5.84× | Reported |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | 8.48B | (m) | 2.89B | 375.00M | (m) | (m) | 7.72× | Reported |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.