Pricing Log in Create free account
Saturday 31 October 2026 Export CP’s income statement to Excel — free account

Canadian Pacific Kansas City Limited

CP Industrials Railroads

Canadian Pacific Kansas City Limited’s revenue for fiscal 2025 (year ended December 2025) was $10.8 billion, up 1.65% from fiscal 2024.

Revenue
+12.5%
EPS
−13.4%
Free cash flow
+54.8%
Total debt
+12.8%

Quarter to June 2026, against a year earlier

89.68 1.31 +1.48%
Market cap
$77.7B
P/E
28.8×
Fwd P/E
27.0×
Dividend yield
0.79%
F-score
7/9
Altman Z
2.12
Beneish M
−2.56
Dividend safety
66/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Insider Decisions last twelve months

Trades a month
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.89%

Capital & Financial Ratios $m

Size
Market Cap 77,680.00
Revenue ttm 11,179.43
Net income ttm 2,761.44
Free cash flow ttm 1,759.98
Net debt Q 17,899.32
Valuation
P/E 28.78
Forward P/E 27.00
Price / sales 7.12
Forward P/S Powerpack
Price / FCF 45.23
Price / book 2.31
Financial health
Current ratio Q 0.59 (below 1: weak)
Debt / equity Q 0.53
Interest coverage Q 6.21
Growth
Revenue growth Q +12.46% (above 0%: growing)
Operating income growth Q +9.50% (above 0%: growing)
EPS, this year +10.80%
EPS, next year A +15.58% (at or above 15%: strong)
Revenue, next year A +9.47%
EPS, past 5 yrs +3.79%
EPS, next 5 yrs A +13.43%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 8.7×, against a ten-year median of 8.0×; over the ten years it ranged from 4.7× in 2016 to 14.7× in 2022.
P/E against its own 10 years 91.99%
10-year low 10-year high
P/S against its own 10 years 60.56%
10-year low 10-year high
P/B against its own 10 years 24.24%
10-year low 10-year high
EV/Sales against its own 10 years 63.35%
10-year low 10-year high
EV/FCF against its own 10 years 74.95%
10-year low 10-year high

Dividends

Yield
0.79%
Annual rate
0.71
Payout ratio
22.9%
Growth, 2016–25
+9.37%/yr
  1. 0.28 ’16
  2. 0.34 ’17 +22%
  3. 0.38 ’18 +12%
  4. 0.48 ’19 +25%
  5. 0.53 ’20 +11%
  6. 0.61 ’21 +14%
  7. 0.58 ’22 −5%
  8. 0.57 ’23 −2%
  9. 0.55 ’24 −3%
  10. 0.63 ’25 +14%
  11. 0.72 ’26e +15%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 344 539 132 264
Receivables 1,398 1,436 1,452 1,627
Inventory 296 334 359 391
Other 186 161 160 211
2,224 2,470 2,103 2,494
2023 2024 2025 Q'26
Payables 1,902 2,074 1,969 2,104
ST’ Debt 2,328 2,057 2,319 2,094
Other — — — —
4,230 4,131 4,288 4,198

Compound Annual Growth %

10y 5y 3y
Sales 7.45% 13.40% 16.76%
Cash Flow 7.03% 12.68% 6.05%
Earnings 10.84% 10.19% 3.09%
Book Value 24.46% 43.73% 3.86%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.94 Actual 0.91

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.99 0.95 Miss by 0.04
Q1 FY26 0.78 0.76 Miss by 0.02
Q2 FY26 0.89 0.92 Beat by 0.03
Q3 FY26 0.94 0.91 Miss by 0.03
Q4 FY26 1.10 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.69 0.83 — — —
’25 0.68 0.96 0.73 0.86 3.23
’24 0.62 0.71 0.66 0.91 2.90
’23 0.64 1.06 0.63 0.81 3.12
’22 0.50 0.64 0.74 1.00 2.90
’21 0.71 1.51 0.56 0.59 3.33
’20 0.44 0.67 0.66 0.91 2.68
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,698 3,008 — — —
’25 2,643 2,674 2,658 2,817 10,791
’24 2,609 2,633 2,601 2,772 10,616
’23 1,675 2,361 2,489 2,776 9,301
’22 1,451 1,724 1,771 1,833 6,780
’21 1,547 1,672 1,543 1,617 6,379
’20 1,523 1,293 1,399 1,541 5,756
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 711 1,240 — — —
’25 805 1,010 932 1,052 3,800
’24 752 923 938 1,232 3,845
’23 651 668 768 977 3,065
’22 484 550 822 1,330 3,186
’21 460 1,605 385 493 2,943
’20 365 591 409 728 2,092
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 230 694 — — —
’25 309 449 299 537 1,594
’24 360 333 386 724 1,803
’23 355 202 215 484 1,256
’22 317 270 517 929 2,033
’21 234 1,269 116 178 1,797
’20 101 241 22 497 861
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 4,706 5,056 5,644 5,872 5,756 6,379 6,780 9,301 10,616 10,791 11,179 +9.7% 11,814 12,564 13,243 +7.1%
Gross margin, % 73.49 70.66 70.05 70.68 75.12 71.39 66.85 68.02 68.69 70.41 69.79 (3.1) pt
EBT 1,625 1,927 1,997 2,371 2,390 2,888 3,188 (2,262) 3,483 3,923 3,735 +10.3%
EBT margin, % 34.53 38.11 35.37 40.37 41.53 45.28 47.03 (24.32) 32.81 36.36 33.41 +1.8 pt
Net income 1,208 1,855 1,505 1,839 1,824 2,276 2,705 2,906 2,710 2,961 2,761 +10.5%
Per share, $
Per share, $ Revenue 6.29 6.93 7.90 8.46 8.50 9.39 7.29 9.99 11.38 11.78 12.61 +7.2%
Earnings 1.61 2.54 2.11 2.65 2.69 3.35 2.91 3.13 2.90 3.23 3.12 +8.0%
Cash flow 2.11 2.31 2.93 3.25 3.09 4.33 3.43 3.29 4.12 4.15 4.44 +7.8%
Capex (1.08) (1.37) (1.59) (1.76) (1.82) (1.69) (1.24) (1.94) (2.19) (2.41) (2.45) +9.4%
Free cash flow 1.03 0.93 1.34 1.49 1.27 2.64 2.19 1.35 1.93 1.74 1.99 +6.0%
Book value 4.67 6.81 7.17 7.68 8.06 39.71 32.16 33.74 38.24 36.58 38.79 +25.7%
Shares, m 748 730 715 694 678 680 930 931 933 916 902 +2.3%
Valuation, ×
Valuation, × P/E 17.62 14.29 16.88 19.23 25.64 21.26 25.91 25.18 24.87 22.73 28.78 21.4
P/S 4.50 5.29 4.50 6.03 8.16 7.67 10.27 7.92 6.36 6.25 7.12 6.7
P/B 6.06 5.38 4.96 6.64 8.60 1.81 2.33 2.34 1.89 2.01 2.31 4.2
EV/Sales 5.86 6.48 5.68 7.13 9.41 10.17 12.45 9.67 7.87 7.78 8.72 8.3
EV/FCF 35.72 48.05 33.52 40.60 62.93 36.11 41.52 71.63 46.32 52.65 55.40 46.9
Cash, $m
Cash, $m Operating cash flow 1,578 1,683 2,092 2,253 2,092 2,943 3,186 3,065 3,845 3,800 3,936 +10.3%
Capex (805) (1,001) (1,136) (1,222) (1,231) (1,146) (1,153) (1,809) (2,043) (2,206) (2,176) +11.9%
Free cash flow 773 682 956 1,032 861 1,797 2,033 1,256 1,803 1,594 1,760 +8.4%
Balance, $m
Balance, $m Working capital (255) (548) (647) (815) (994) (1,442) (1,018) (2,006) (1,662) (2,184) (1,704) +26.9%
Net debt 6,434 6,033 6,662 6,499 7,184 15,994 14,769 16,320 15,971 16,464 17,899 +11.0%
Shareholders’ equity 3,494 4,966 5,120 5,327 5,464 26,992 29,911 31,418 35,680 33,513 34,387 +28.6%
Returns, %
Returns, % ROA 8.08 12.35 9.43 11.06 10.58 6.32 4.88 5.03 4.40 4.72 4.43 (3.4) pt
ROIC 12.26 12.24 11.59 12.44 12.21 3.72 3.58 4.26 4.57 5.02 4.91 (7.2) pt
ROE 33.30 43.86 29.85 35.20 33.81 14.02 9.51 9.49 8.09 8.57 8.16 (24.7) pt
People
People Employees 12,082 12,163 12,770 13,000 11,890 11,834 12,754 19,927 19,797 19,479 — +5.5%
Revenue/emp, $m 0.39 0.42 0.44 0.45 0.48 0.54 0.53 0.47 0.54 0.55 — +4.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Business profile

Updated

Canadian Pacific Kansas City, or CPKC, operates a freight railway connecting Canada, the United States and Mexico. It sells transportation to businesses that need to move commodities, industrial products, vehicles and consumer goods. Its network serves business centres across all three countries.

A shipper can use CPKC to move bulk goods such as grain or coal, merchandise such as chemicals or finished vehicles, or containers carrying retail and other products. Bulk traffic often travels in a dedicated train from one origin to one destination. Merchandise can travel on mixed freight trains or dedicated trains, while intermodal service moves containers by rail as part of a journey that can also include a truck or ship.

Canadian Pacific Kansas City Limited vs peers in Railroads (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UNP Union Pacific Corporation $179.4B 24.6× 23.3× +11.54% (above 0%: growing) +6.33% (above 0%: growing) +57.70% (above 0%: growing) 57.94% 40.25% Compare
CSX CSX Corporation $96.3B 30.1× 25.3× +10.10% (above 0%: growing) +22.73% (above 0%: growing) +816.52% (above 0%: growing) 69.83% 38.27% Compare
CP Canadian Pacific Kansas City Limited $77.7B 28.8× 27.0× +12.46% (above 0%: growing) −13.40% (below 0%: shrinking) +54.79% (above 0%: growing) 67.51% 35.35%
NSC Norfolk Southern Corporation $76.9B 29.2× 27.8× +11.41% (above 0%: growing) −4.40% (below 0%: shrinking) −3.08% (below 0%: shrinking) 66.32% 32.44% Compare
WAB Wabtec $47.9B 37.5× 30.0× +17.48% (above 0%: growing) +18.88% (above 0%: growing) +122.94% (above 0%: growing) 36.52% 18.87% Compare
TRN Trinity Industries, Inc. $2.3B 6.9× 13.4× −4.17% (below 0%: shrinking) +623.53% (above 0%: growing) +75.30% (above 0%: growing) 22.66% 41.19% Compare
GBX Greenbrier Companies, Inc. (The) $1.2B 11.2× 12.5× −31.59% (below 0%: shrinking) −68.23% (below 0%: shrinking) −412.32% (below 0%: shrinking) 14.07% 5.53% Compare
FSTR L.B. Foster Company $382.8M 32.4× 22.1× −3.49% (below 0%: shrinking) +7.14% (above 0%: growing) +83.84% (above 0%: growing) 22.28% 4.44% Compare
RAIL Freightcar America, Inc. $137.1M — (loss-making) 9.7× −4.62% (below 0%: shrinking) n/m +33.43% (above 0%: growing) 5.45% (3.80%) Compare
Median of peers $25.1B 29.2× 22.7× +3.31% +7.14% +66.50% 29.59% 25.66%

All 11 Railroads stocks →

From the latest earnings call

Updated

  • Chief Commercial Officer John said CPKC expects grain demand to continue through Q3 and coal’s revenue impact to ease progressively toward year-end.
  • CEO Keith Creel said the proposed Union Pacific–Norfolk Southern merger would reduce competitive options, although the supplemental submission addressed certain terminal-control concerns.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 68.87%
Held by the ten largest 32.44%
Holder Shares Stake Change
Royal Bank of Canada 54.24m 6.17% +1.28m
TCI FUND MANAGEMENT LTD 45.33m 5.16% −1.20m
Vanguard 38.79m 4.41% +203.52k
JPMorgan Chase 26.37m 3.00% +10.63m
Fidelity (FMR) 24.32m 2.77% +4.16m
Fidelity International (FIL) 21.22m 2.41% +217.83k
Invesco 20.47m 2.33% −1.81m
BMO 19.89m 2.26% +206.62k
TD 17.48m 1.99% −4.07m
Mackenzie Investments 17.05m 1.94% +1.42m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 16 March 2017

Ownership

Directors and executive officers, together less than 1%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Canadian Pacific Kansas City Limited (CP) Latest News

29 Oct

Impact 4 · · Investing.com
Impact 4 · · Simply Wall St.
Impact 3 · · Trefis

28 Oct

Impact 4 · · MarketBeat
Impact 4 · · CNW Group
Impact 4 · · CNW Group
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press

25 Oct

Impact 3 · · Simply Wall St.

23 Oct

Impact 3 · · Trefis
Impact 3 · · Zacks

22 Oct

Impact 3 · · Zacks
Impact 3 · · Simply Wall St.

21 Oct

Impact 3 · · Zacks

18 Oct

Impact 3 · · Simply Wall St.

16 Oct

Impact 3 · · Zacks

13 Oct

Impact 3 · · PR Newswire
Impact 3 · · Simply Wall St.

9 Oct

Impact 3 · · Simply Wall St.

5 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Zacks

3 Oct

Impact 4 · · Simply Wall St.

2 Oct

Impact 4 · · PR Newswire
Impact 3 · · CNW Group

1 Oct

Impact 3 · · CNW Group

28 Sep

Impact 3 · · PR Newswire
Impact 3 · · CNW Group

22 Sep

Impact 4 · · MarketBeat

4 Sep

Impact 3 ·
stockrow.com/CP · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com