• Canadian National Railway average return on tangible equity for 2024 was 27.05, a 4.97% decline from 2023.
• Canadian National Railway average return on tangible equity for 2023 was 25.77, a 11.03% increase from 2022.
• Canadian National Railway average return on tangible equity for 2022 was 23.21, a 7.01% increase from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.