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

Canadian Pacific Kansas City Limited 10-K filed Feb 26, 2026

Fiscal year 2025 · Period ended Dec 31, 2025 · Filed · accepted 11:28 AM ET · Document on sec.gov · Filing index

What changed

Item 1, Business, against the 10-K filed Feb 27, 2025: 15 added · 18 removed · 41 modified; 22 with only figures updated; 3 moved without change

  1. Modified · Company Overview

    On April 14, 2023, CPKC assumed control of Kansas City Southern (“"KCS”") through an indirect wholly-owned subsidiary. For the purposes of this annual reportAnnual Report on Form 10-K, unless the context indicates otherwise, all references herein to “"CPKC”", “"the Company”", “"we”", “"our”" and “"us”" refer to Canadian Pacific Kansas City Limited and its subsidiaries, which includes KCS as a consolidated subsidiary from April 14, 2023 ("Control Date"). Prior to April 14, 2023, the Company's 100% interest in KCS was accounted for and reported as an equity-method investment (see Part II Item 8. Financial Statements and Supplementary Data, Note 1011 Business acquisition and Note 1112 Investment in Kansas City Southern). All references to currency amounts included in this annual reportAnnual Report on Form 10-K are in Canadian dollars unless specifically noted otherwise.

73 more changes in this Item, word by word, in Powerpack.