• Canadian National Railway average ebitda margin for 2023 was 50.67%, a 2.65% decline from 2022.
• Canadian National Railway average ebitda margin for 2022 was 49.36%, a 0.84% increase from 2021.
• Canadian National Railway average ebitda margin for 2021 was 48.95%, a 6.04% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.