Canadian Operating Income vs Gross Profit Analysis

CNI Stock

USD 127.34 0.77 0.61%

Canadian National financial indicator trend analysis is way more than just evaluating Canadian National Railway prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian National Railway is a good investment. Please check the relationship between Canadian National Operating Income and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian National Railway. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Canadian National Railway Operating Income account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Canadian National's Operating Income and Gross Profit is 0.87. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Canadian National Railway, assuming nothing else is changed. The correlation between historical values of Canadian National's Operating Income and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Canadian National Railway are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Operating Income i.e., Canadian National's Operating Income and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Canadian National Railway operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Canadian National Railway is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Canadian National Railway minus its cost of goods sold. It is profit before Canadian National operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from Canadian National's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian National Railway current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian National Railway. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

As of now, Canadian National's Enterprise Value is increasing as compared to previous years.

	2021	2022	2023	2024 (projected)
Gross Profit	6.1B	7.4B	7.2B	5.5B
Total Revenue	14.5B	17.1B	16.8B	10.2B

Gross Profit Total Revenue

Canadian National fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Liab	Net Tangible Assets	Other Assets
Total Assets		0.77	-0.04	0.84	0.98	1.0	0.77	0.98	0.54	0.56	1.0	0.29	0.56	0.92	-0.96	0.99	0.76	0.08	-0.52	0.99	0.72	0.93	0.43	0.71	0.74	0.52
Short Long Term Debt Total	0.77		0.26	0.74	0.73	0.76	1.0	0.68	0.4	0.43	0.78	0.72	0.43	0.78	-0.89	0.78	0.94	-0.17	-0.5	0.79	0.98	0.69	0.76	0.88	0.87	0.78
Other Current Liab	-0.04	0.26		0.24	-0.14	-0.02	0.29	-0.15	-0.71	-0.46	-0.03	0.26	-0.46	0.01	-0.09	-0.01	0.08	-0.58	-0.4	0.03	0.32	-0.28	0.67	0.05	0.05	0.09
Total Current Liabilities	0.84	0.74	0.24		0.78	0.83	0.74	0.78	0.3	0.3	0.84	0.38	0.3	0.85	-0.86	0.82	0.74	0.1	-0.54	0.87	0.67	0.74	0.71	0.72	0.7	0.46
Total Stockholder Equity	0.98	0.73	-0.14	0.78		0.98	0.72	0.99	0.61	0.62	0.98	0.2	0.62	0.88	-0.95	0.96	0.74	0.16	-0.53	0.95	0.67	0.94	0.35	0.69	0.74	0.5
Property Plant And Equipment Net	1.0	0.76	-0.02	0.83	0.98		0.76	0.98	0.5	0.52	1.0	0.24	0.52	0.91	-0.96	0.99	0.74	0.08	-0.52	0.99	0.7	0.91	0.43	0.7	0.73	0.46
Net Debt	0.77	1.0	0.29	0.74	0.72	0.76		0.68	0.38	0.39	0.77	0.72	0.39	0.78	-0.88	0.78	0.93	-0.18	-0.5	0.79	0.98	0.67	0.78	0.87	0.86	0.77
Retained Earnings	0.98	0.68	-0.15	0.78	0.99	0.98	0.68		0.59	0.59	0.97	0.14	0.59	0.88	-0.93	0.95	0.7	0.19	-0.5	0.94	0.62	0.94	0.32	0.67	0.71	0.4
Accounts Payable	0.54	0.4	-0.71	0.3	0.61	0.5	0.38	0.59		0.76	0.52	0.24	0.76	0.54	-0.51	0.48	0.61	0.55	-0.14	0.47	0.33	0.76	-0.12	0.55	0.59	0.46
Cash	0.56	0.43	-0.46	0.3	0.62	0.52	0.39	0.59	0.76		0.55	0.22	1.0	0.41	-0.53	0.53	0.53	0.26	-0.24	0.51	0.44	0.74	-0.04	0.53	0.55	0.55
Non Current Assets Total	1.0	0.78	-0.03	0.84	0.98	1.0	0.77	0.97	0.52	0.55		0.29	0.55	0.91	-0.96	0.99	0.75	0.07	-0.52	0.99	0.72	0.92	0.44	0.71	0.74	0.52
Non Currrent Assets Other	0.29	0.72	0.26	0.38	0.2	0.24	0.72	0.14	0.24	0.22	0.29		0.22	0.43	-0.41	0.34	0.66	-0.41	-0.16	0.35	0.75	0.25	0.58	0.58	0.54	0.84
Cash And Short Term Investments	0.56	0.43	-0.46	0.3	0.62	0.52	0.39	0.59	0.76	1.0	0.55	0.22		0.41	-0.53	0.53	0.53	0.26	-0.24	0.51	0.44	0.74	-0.04	0.53	0.55	0.55
Net Receivables	0.92	0.78	0.01	0.85	0.88	0.91	0.78	0.88	0.54	0.41	0.91	0.43	0.41		-0.9	0.91	0.82	0.11	-0.43	0.92	0.7	0.89	0.44	0.71	0.74	0.5
Common Stock Shares Outstanding	-0.96	-0.89	-0.09	-0.86	-0.95	-0.96	-0.88	-0.93	-0.51	-0.53	-0.96	-0.41	-0.53	-0.9		-0.95	-0.87	-0.03	0.61	-0.96	-0.84	-0.88	-0.6	-0.83	-0.86	-0.61
Non Current Liabilities Total	0.99	0.78	-0.01	0.82	0.96	0.99	0.78	0.95	0.48	0.53	0.99	0.34	0.53	0.91	-0.95		0.74	0.0	-0.49	1.0	0.73	0.9	0.44	0.69	0.71	0.53
Inventory	0.76	0.94	0.08	0.74	0.74	0.74	0.93	0.7	0.61	0.53	0.75	0.66	0.53	0.82	-0.87	0.74		0.12	-0.48	0.75	0.89	0.79	0.64	0.91	0.93	0.74
Other Current Assets	0.08	-0.17	-0.58	0.1	0.16	0.08	-0.18	0.19	0.55	0.26	0.07	-0.41	0.26	0.11	-0.03	0.0	0.12		0.01	0.02	-0.3	0.33	-0.27	0.09	0.12	-0.23
Other Stockholder Equity	-0.52	-0.5	-0.4	-0.54	-0.53	-0.52	-0.5	-0.5	-0.14	-0.24	-0.52	-0.16	-0.24	-0.43	0.61	-0.49	-0.48	0.01		-0.51	-0.46	-0.42	-0.51	-0.41	-0.47	-0.37
Total Liab	0.99	0.79	0.03	0.87	0.95	0.99	0.79	0.94	0.47	0.51	0.99	0.35	0.51	0.92	-0.96	1.0	0.75	0.02	-0.51		0.74	0.89	0.48	0.71	0.72	0.53
Property Plant And Equipment Gross	0.72	0.98	0.32	0.67	0.67	0.7	0.98	0.62	0.33	0.44	0.72	0.75	0.44	0.7	-0.84	0.73	0.89	-0.3	-0.46	0.74		0.62	0.75	0.84	0.83	0.8
Total Current Assets	0.93	0.69	-0.28	0.74	0.94	0.91	0.67	0.94	0.76	0.74	0.92	0.25	0.74	0.89	-0.88	0.9	0.79	0.33	-0.42	0.89	0.62		0.23	0.71	0.75	0.5
Short Term Debt	0.43	0.76	0.67	0.71	0.35	0.43	0.78	0.32	-0.12	-0.04	0.44	0.58	-0.04	0.44	-0.6	0.44	0.64	-0.27	-0.51	0.48	0.75	0.23		0.65	0.59	0.53
Other Liab	0.71	0.88	0.05	0.72	0.69	0.7	0.87	0.67	0.55	0.53	0.71	0.58	0.53	0.71	-0.83	0.69	0.91	0.09	-0.41	0.71	0.84	0.71	0.65		0.94	0.67
Net Tangible Assets	0.74	0.87	0.05	0.7	0.74	0.73	0.86	0.71	0.59	0.55	0.74	0.54	0.55	0.74	-0.86	0.71	0.93	0.12	-0.47	0.72	0.83	0.75	0.59	0.94		0.68
Other Assets	0.52	0.78	0.09	0.46	0.5	0.46	0.77	0.4	0.46	0.55	0.52	0.84	0.55	0.5	-0.61	0.53	0.74	-0.23	-0.37	0.53	0.8	0.5	0.53	0.67	0.68

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Canadian National Account Relationship Matchups

Canadian National fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	43.8B	44.8B	48.5B	50.7B	52.7B	30.5B
Short Long Term Debt Total	14.3B	13.2B	12.8B	15.8B	18.9B	19.8B
Other Current Liab	1.3B	(115M)	(74M)	(12M)	1.6B	1.7B
Total Current Liabilities	4.3B	3.3B	3.1B	3.8B	5.0B	2.6B
Total Stockholder Equity	18.0B	19.7B	22.7B	21.4B	20.1B	12.8B
Property Plant And Equipment Net	40.2B	40.5B	41.6B	44.0B	45.0B	27.0B
Net Debt	14.2B	12.6B	12.0B	15.4B	18.4B	19.3B
Retained Earnings	17.6B	19.2B	21.0B	19.5B	18.7B	9.7B
Accounts Payable	866M	2.4B	2.6B	2.8B	968M	1.0B
Cash	64M	569M	838M	328M	475M	257.7M
Non Current Assets Total	41.0B	41.7B	45.1B	47.4B	49.6B	28.5B
Non Currrent Assets Other	18M	22M	20M	2.4B	3.3B	3.4B
Cash And Short Term Investments	64M	569M	838M	328M	475M	257.7M
Net Receivables	1.2B	1.1B	1.1B	1.4B	1.3B	915.6M
Common Stock Shares Outstanding	722.6M	713M	710.3M	688.3M	659.1M	757.7M
Liabilities And Stockholders Equity	43.8B	44.8B	48.5B	50.7B	52.7B	30.5B
Non Current Liabilities Total	21.5B	21.9B	22.7B	25.4B	27.5B	15.1B
Inventory	611M	583M	589M	692M	699M	734.0M
Other Current Assets	418M	365M	422M	320M	33M	31.4M
Other Stockholder Equity	240M	264M	294M	211M	229M	217.6M
Total Liab	25.7B	25.2B	25.8B	29.3B	32.5B	17.8B
Property Plant And Equipment Gross	40.2B	40.5B	41.6B	44.0B	62.4B	65.6B
Total Current Assets	2.8B	3.1B	3.4B	3.2B	3.1B	2.0B
Accumulated Other Comprehensive Income	(3.5B)	(3.5B)	(2.2B)	(2.0B)	(2.3B)	(2.4B)
Short Term Debt	2.1B	910M	508M	1.1B	2.5B	2.6B
Other Liab	9.2B	9.6B	10.4B	10.7B	12.3B	12.9B
Net Tangible Assets	16.5B	18.1B	22.3B	19.7B	22.6B	23.7B
Other Assets	452M	900M	3.1B	3.4B	4.0B	4.2B
Long Term Debt	11.8B	12.0B	12.0B	14.4B	16.1B	8.2B
Common Stock Total Equity	3.8B	3.6B	3.7B	3.7B	3.3B	2.7B
Deferred Long Term Liab	67M	64M	59M	66M	59.4M	56.4M
Long Term Investments	84M	83M	119M	94M	402M	422.1M
Short Long Term Debt	1.9B	910M	508M	1.1B	2.3B	2.5B
Treasury Stock	(175M)	(163M)	(115M)	(103M)	(92.7M)	(88.1M)
Intangible Assets	152M	145M	139M	137M	131M	228.6M
Common Stock	3.7B	3.7B	3.7B	3.6B	3.5B	3.2B
Property Plant Equipment	38.9B	39.1B	41.6B	44.0B	50.6B	27.4B
Current Deferred Revenue	50M	115M	74M	12M	13M	12.4M

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When determining whether Canadian National Railway offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canadian National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canadian National Railway Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canadian National Railway Stock:

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Is Canadian Stock a good investment?

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What is Canadian National's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian National Railway. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

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When running Canadian National's price analysis, check to measure Canadian National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian National is operating at the current time. Most of Canadian National's value examination focuses on studying past and present price action to predict the probability of Canadian National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian National's price. Additionally, you may evaluate how the addition of Canadian National to your portfolios can decrease your overall portfolio volatility.

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Is Canadian National's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian National. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.06)

Dividend Share

3.215

Earnings Share

6.2

Revenue Per Share

25.759

Quarterly Revenue Growth

(0.01)

The market value of Canadian National Railway is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian National's value that differs from its market value or its book value, called intrinsic value, which is Canadian National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian National's market value can be influenced by many factors that don't directly affect Canadian National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Canadian National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Canadian Operating Income vs Gross Profit Analysis

Operating Income vs Gross Profit

Operating Income vs Gross Profit Correlation Analysis

Correlation Coefficient

Operating Income

Gross Profit

Canadian National fundamental ratios Correlations

Canadian National Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian National fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Total Liab	- 0.96	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.96	Non Current Assets Total
Common Stock Shares Outstanding	- 0.96	Property Plant And Equipment Net
Common Stock Shares Outstanding	- 0.96	Total Assets
Non Current Liabilities Total	- 0.95	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.95	Total Stockholder Equity