CP

MKT CAP:$78B

Canadian Pacific Kansas City Ltd.

Market Cap

$78B

Industrials·Railroads·🇨🇦 Canada·NYSE

Industrials·Railroads·🇨🇦·NYSE

Stock Price

$86.94+$12.48 (+16.77%)

Apr 24, 2026

Company Details

Canadian Pacific Kansas City Ltd. engages in the provision of rail freight transportation services. It offers rail services linking Canada, the United States and Mexico. The company was founded on June 22, 2001, and is headquartered in Calg...

CEO

Keith E. Creel

IPO Date

Dec 30, 1983

Website

www.cpkcr.com

Key Metrics TTM

Revenue

$11.0B

+3.7% YoY

Net Income

$3.0B

EPS (Diluted)

$3.30

Free Cash Flow

$1.6B

Revenue / Share

$12.01

Gross Margin

52.2%

Operating Margin

37.2%

Net Margin

27.5%

FCF Margin

14.4%

P/S

7.1x

P/E

25.8x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 26, 2026

$11.0B+3.7%EPS $3.30

Q4 2025

Feb 26, 2026

$2.9B+1.3%EPS $0.88

Q3 2025

Oct 29, 2025

$2.7B+3.2%EPS $0.74

Q2 2025

Jul 30, 2025

$2.7B+2.7%EPS $0.97

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$1.3B	$658M	$391M
Q2 22	$1.6B	$902M	$634M
Q3 22	$1.7B	$938M	$685M
Q4 22	$1.8B	$1.0B	$723M
Q1 23	$1.7B	$842M	$606M
Q2 23	$2.3B	$1.1B	$690M
Q3 23	$2.4B	$1.2B	$857M
Q4 23	$2.8B	$1.6B	$1.1B
Q1 24	$2.6B	$1.3B	$840M
Q2 24	$2.6B	$1.4B	$926M
Q3 24	$2.6B	$1.3B	$879M
Q4 24	$2.8B	$1.5B	$1.1B
Q1 25	$2.8B	$1.4B	$962M
Q2 25	$2.7B	$1.4B	$981M
Q3 25	$2.7B	$1.8B	$976M
Q4 25	$2.9B	$1.1B	$1.2B

Valuation

Quarter	P/S	P/E
Q1 22	13.4x	37.1x
Q2 22	11.2x	38.1x
Q3 22	10.6x	32.2x
Q4 22	11.2x	28.1x
Q1 23	10.6x	26.4x
Q2 23	10.2x	24.3x
Q3 23	8.3x	22.3x
Q4 23	8.0x	25.6x
Q1 24	8.1x	28.8x
Q2 24	7.0x	28.4x
Q3 24	7.6x	30.9x
Q4 24	6.3x	24.7x
Q1 25	6.0x	23.3x
Q2 25	6.6x	23.6x
Q3 25	6.1x	21.4x
Q4 25	6.2x	22.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$448M	$283M
Q2 22	$517M	$246M
Q3 22	$805M	$497M
Q4 22	$1.3B	$863M
Q1 23	$644M	$348M
Q2 23	$652M	$187M
Q3 23	$751M	$201M
Q4 23	$976M	$461M
Q1 24	$742M	$354M
Q2 24	$934M	$332M
Q3 24	$930M	$376M
Q4 24	$1.2B	$696M
Q1 25	$845M	$316M
Q2 25	$990M	$438M
Q3 25	$931M	$297M
Q4 25	$1.1B	$533M

Capital Expenditures

Quarter	CapEx
Q1 22	$165M
Q2 22	$270M
Q3 22	$308M
Q4 22	$394M
Q1 23	$296M
Q2 23	$465M
Q3 23	$550M
Q4 23	$515M
Q1 24	$388M
Q2 24	$602M
Q3 24	$553M
Q4 24	$549M
Q1 25	$528M
Q2 25	$552M
Q3 25	$634M
Q4 25	$581M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-6.2%	+10.5%
Q2 22	+7.2%	+8.1%
Q3 22	+19.1%	+17.7%
Q4 22	+20.7%	+21.9%
Q1 23	+23.3%	+10.3%
Q2 23	+44.1%	+67.2%
Q3 23	+44.4%	+57.5%
Q4 23	+53.4%	+58.5%
Q1 24	+55.3%	+65.0%
Q2 24	+13.5%	+4.8%
Q3 24	+6.3%	+8.3%
Q4 24	+2.6%	-0.9%
Q1 25	+7.8%	+4.5%
Q2 25	+2.7%	+0.9%
Q3 25	+3.2%	-0.9%
Q4 25	+1.3%	-0.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 22	$1M	0.1%
Q3 22	$15M	0.9%
Q4 22	$34M	1.9%
Q1 23	$23M	1.4%
Q2 23	$29M	1.2%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$72M	$0	$72M
Q2 22	$113M	$0	$113M
Q3 22	$101M	$0	$101M
Q4 22	$330M	$0	$330M
Q1 23	$212M	$0	$212M
Q2 23	$238M	$193M	$430M
Q3 23	$215M	$200M	$414M
Q4 23	$339M	$0	$339M
Q1 24	$379M	$0	$379M
Q2 24	$407M	$0	$407M
Q3 24	$338M	$0	$338M
Q4 24	$540M	$0	$540M
Q1 25	$508M	$0	$508M
Q2 25	$584M	$0	$584M
Q3 25	$216M	$0	$216M
Q4 25	$134M	$0	$134M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	933M	+29.3%	+39.3%
Q2 22	933M	-0.0%	+39.2%
Q3 22	933M	+0.0%	+39.3%
Q4 22	933M	+0.0%	+29.4%
Q1 23	934M	+0.0%	+0.1%
Q2 23	934M	+0.0%	+0.1%
Q3 23	934M	+0.0%	+0.1%
Q4 23	934M	-0.0%	+0.1%
Q1 24	934M	+0.1%	+0.1%
Q2 24	935M	+0.0%	+0.1%
Q3 24	935M	+0.1%	+0.1%
Q4 24	935M	-0.1%	+0.1%
Q1 25	934M	-0.1%	-0.0%
Q2 25	925M	-1.0%	-1.0%
Q3 25	911M	-1.4%	-2.6%
Q4 25	917M	+0.6%	-1.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$111.9K	12K
Q2 22	$134.1K	12K
Q3 22	$140.8K	12K
Q4 22	$143.1K	13K
Q1 23	$131.7K	13K
Q2 23	$184.5K	13K
Q3 23	$194.1K	13K
Q4 23	$151.3K	18K
Q1 24	$141.1K	18K
Q2 24	$144.4K	18K
Q3 24	$142.2K	18K
Q4 24	$143.0K	20K
Q1 25	$140.1K	20K
Q2 25	$136.5K	20K
Q3 25	$135.1K	20K
Q4 25	$409.6K	7K

Revenue / Employee