Companies: 10,795·Total market cap: $144.5T
Canadian National Railway Company

Canadian National Railway Company

CNINYSEIndustrials● Active
$120.38
+$0.88(+0.74%)
Market Cap$73.0B
P/E Ratio
52W High$122.48
52W Low$90.74
Overview

Canadian National Railway Company (CNI) Shares Outstanding — Overview

Basic and diluted weighted average shares, YoY change, float context, and historical trend from SEC filings and FMP.

CNI · shares outstanding · updated Jun 8, 2026

Key metrics

Basic Shares Outstanding · Weighted average · fiscal year
623.1M -1.64% YoY Change
FY · as of Dec 31, 2025 · Reported in CAD
vs 633.5M in FY 2024
Diluted Shares Outstanding
623.7M
incl. options, RSUs, convertibles
Dilution Spread
+0.10%
Diluted vs Basic
YoY Change
-1.64%
year-over-year
Float (Free Float)
590.6M
publicly tradable shares
97.4% of total
Source: FMP /income-statement · /shares-float · SEC 10-K / 10-QUpdated: 2026-06-08

Shares Outstanding Growth Rate

3-Year CAGRdeclining
-3.2%
2022 → 2025
5-Year CAGRdeclining
-2.7%
2020 → 2025
10-Year CAGRdeclining
-2.5%
2015 → 2025

Negative CAGR typically indicates share buyback or retirement activity. Interpret alongside Splits and Financials tabs. Splits / Financials

Shares outstanding history

↓ Decrease — typically buyback / retirement
↑ Increase — issuance / equity compensation
Latest
* most recent reported · FMP /income-statement · weightedAverageShsOut

Annual shares outstanding by year

FY 2025Latest
Diluted Shares: 623.7M
623.1M
-1.64%
FY 2024
Diluted Shares: 634.5M
633.5M
-3.68%
FY 2023
Diluted Shares: 659.1M
657.7M
-4.39%
FY 2022
Diluted Shares: 688.3M
687.9M
-3.11%
FY 2021
Diluted Shares: 710.3M
710.0M
-0.46%
FMP /income-statement · weightedAverageShsOut · weightedAverageShsOutDilUnit: Billions (B)

Industrials sector shares outstanding comparison

Shares Outstanding for similar companies or competitors in the Industrials sector.

#SymbolCompanyShares (Basic)vs CNI
#1
RTX CorporationRTX
RTX Corporation
1.341B+115.3%
#2
GE AerospaceGE
GE Aerospace
1.067B+71.2%
#3
The Boeing CompanyBA
The Boeing Company
762.3M+22.3%
#4
Canadian National Railway CompanyCNI
Canadian National Railway CompanyYOU
623.1M
#5
Union Pacific CorporationUNP
Union Pacific Corporation
592.5M-4.9%
#6
Caterpillar Inc.CAT
Caterpillar Inc.
466.5M-25.1%
#7
Deere & CompanyDE
Deere & Company
270.9M-56.5%

/company-screener · per-peer /income-statement · cache 86400s

Understanding Shares Outstanding

What Are Shares Outstanding? (Basic)

Canadian National Railway Company (CNI) shares outstanding is the total number of issued shares held by shareholders — the basis for Basic EPS and market capitalization. As of December 31, 2025, Canadian National Railway Company reports 623.1M basic shares outstanding (weighted average).

Basic vs. Diluted Shares Outstanding

Canadian National Railway Company's basic shares outstanding (623.1M) represents currently issued shares. Diluted shares outstanding (623.7M) also includes potential shares from stock options, RSUs, and convertibles. Dilution spread: +0.10%.

Shares Outstanding vs. Float (Free Float)

Canadian National Railway Company's float is 590.6M (97.4% of total shares outstanding) — shares freely available for public trading, excluding insider-held and restricted shares.

Float590.6M(97.4%)
Outstanding606.6M

Float data from /shares-float reflects the most recent SEC filing period-end. The weighted average shares (from /income-statement) may differ — this is a normal reporting window difference, not a data error.

FMP /income-statement · /shares-float · SEC EDGAR · CAD

About shares outstanding & methodology

Canadian National Railway Company (CNI) shares outstanding history from 2006 to 2025. Shares outstanding can be defined as the total number of shares held by all shareholders — including institutional investors, retail investors, and company insiders — assuming conversion of all convertible debt, securities, warrants, and options. This metric excludes the company's treasury shares.

Canadian National Railway Company shares outstanding for the fiscal year ending December 31, 2025 were 623.1M, a 1.64% decline year-over-year. Canadian National Railway Company FY 2025 shares outstanding were 623.1M, a -1.64% decline from FY 2024.

Canadian National Railway Company is a leading company operating in the Industrials sector. The company's share count trajectory — with a 10-year CAGR of -2.5% — is a key signal for investors evaluating capital return policy, EPS accretion, and long-term shareholder value creation.

Figures tie to SEC 10-K/10-Q income statement disclosures and FMP /income-statement · /shares-float where noted.

Frequently asked questions

CNI shares outstanding · 4 questions

As of December 31, 2025, Canadian National Railway Company (CNI) has approximately 623.1M basic shares outstanding and 623.7M diluted shares outstanding. This represents a -1.64% year-over-year change from FY 2024 (633.5M). Canadian National Railway Company's declining share count is primarily driven by its share buyback program. For the complete historical data table, see the history table above.

CNI shares outstandinghow many shares does CNI haveCNI basic shares 2025CNI diluted shares

Data: FMP /income-statement · /shares-float · SEC EDGAR · weighted average basis · Canadian National Railway Company SEC 10-K & 10-Q filings · US GAAP · Last updated: 2026-06-08