CN - Canadian National Railway Company reported its financial and operating results for the fourth quarter and full year ended December 31, 2025. For the fourth quarter, diluted earnings per share $(EPS)$ rose 12% to an unspecified figure, or 14% on an adjusted basis. The operating ratio for the fourth quarter was 61.2%, or 60.1% on an adjusted basis. For the full year 2025, diluted EPS increased 8%, or 7% on an adjusted basis, with an operating ratio of 61.9%, or 61.7% on an adjusted basis. During 2025, CN repurchased approximately 15 million shares for about CAD 2.0 billion. The company set its capital program spending for 2026 at CAD 2.8 billion, a decrease of CAD 500 million from 2025. Interest paid for the reported period totaled CAD 979 million, and income taxes paid amounted to CAD 935 million.

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