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
+13.5%
EPS
+2.30%
Free cash flow
+124.6%
Total debt
+6.51%

Quarter to September 2026, against a year earlier

93.76 0.65 −0.69%
Market cap
$81.5B
P/E
29.9×
Fwd P/E
27.0×
Dividend yield
0.76%
F-score
7/9
Altman Z
2.12
Beneish M
−2.56
Dividend safety
66/100

Canadian Pacific Kansas City Limited (CP) Operating margin

Alert me on Operating margin

Canadian Pacific Kansas City Limited's operating margin over the twelve months to 30 September 2026 was 36.4%, down 0.8 percentage points from fiscal 2025 (37.2%). Over the past ten years it has ranged from 35.0% (fiscal 2023) to 42.9% (fiscal 2020); the current reading is higher than 27% of that period. That is above the Railroads industry median of 24.4% and above the Industrials sector median of 5.21%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 37.2% 1.60
FY2024 35.6% 0.65
FY2023 35.0% (2.82)
FY2022 37.8% (2.33)
FY2021 40.1% (2.84)
FY2020 42.9% 2.85
FY2019 40.1% 1.39
FY2018 38.7% (3.92)
FY2017 42.6% 1.25
FY2016 41.4% 1.32

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 35.3% (0.10)
Jun 2026 35.4% 1.36
Mar 2026 34.0% (7.07)
Dec 2025 41.1% 4.57
43 more quarters

Against its own ten years

Low 35.0% High 42.9%
Ten-year median 40.1%
Current reading's percentile 23

Operating margin against peers

Company Operating margin
UNP Union Pacific Corporation compare 40.1%
CP Canadian Pacific Kansas City Limited 36.4%
CSX CSX Corporation compare 36.4%
TRN Trinity Industries, Inc. compare 34.5%
NSC Norfolk Southern Corporation compare 31.5%
WAB Wabtec compare 17.2%
GBX Greenbrier Companies, Inc. (The) compare 5.83%
FSTR L.B. Foster Company compare 4.44%
RAIL Freightcar America, Inc. compare 3.77%
Railroads industry median 24.4%
Industrials sector median 5.21%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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