CP FY 2024 Earnings Report — Canadian Pacific Kansas City Ltd. Revenue & Financial Results | Market Cap Arena

Canadian Pacific Kansas City Ltd.CP

FY 2024 Earnings

Reported February 27, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$10.6B	—	$9.2B	—	15.9%
Op. Income	$3.8B	—	$3.2B	—	18.0%
Gross Margin	51.9%	—	51.3%	—	0.5pp
Net Margin	25.6%	—	31.3%	—	-5.7pp
EPS (Diluted)	$2.91	—	$3.08	—	-5.5%
Free Cash Flow	$1.8B	—	$1.2B	—	46.9%

Revenue Flow

Item	Amount
REVENUE	$10.6B
Cost of Revenue	$5.1B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.7B
Operating Expenses	$1.7B
Cost & Expenses	$6.8B
OPERATING INCOME	$3.8B
Interest Income	$0
Interest Expense	$585M
Other Income/Expenses	-$297M
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$774M
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$1.4B
EBIT	$4.1B
EBITDA	$5.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$10.6B
Cost of Revenue	$5.1B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.7B
Operating Expenses	$1.7B
Cost & Expenses	$6.8B
OPERATING INCOME	$3.8B
Interest Income	$0
Interest Expense	$585M
Other Income/Expenses	-$297M
INCOME BEFORE TAX	$3.5B
Income Tax Expense	$774M
Net Income from Continuing Ops	$2.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.7B
D&A	$1.4B
EBIT	$4.1B
EBITDA	$5.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.7B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$0
Deferred Income Tax	$20M
Other Non-Cash Items	-$289M
Change in Working Capital	$18M
OPERATING CASH FLOW	$3.9B
Capital Expenditure	-$2.1B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$49M
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	-$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	-$518M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$1.8B
Net Change in Cash	$201M

Balance Sheet

Item	Amount
Cash & Equivalents	$540M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$334M
Other Current Assets	$161M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$41.2B
Goodwill	$14.1B
Intangible Assets	$2.3B
Long-Term Investments	$428M
Tax Assets	$481M
Other Non-Current Assets	$3.6B
TOTAL NON-CURRENT ASSETS	$62.1B
TOTAL ASSETS	$64.6B
Account Payables	$561M
Short-Term Debt	$2.1B
Deferred Revenue	$0
Other Current Liabilities	$932M
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$14.5B
Deferred Revenue NC	$64M
Deferred Tax Liabilities	$9.2B
Other Non-Current Liabilities	$785M
TOTAL NON-CURRENT LIABILITIES	$24.7B
TOTAL LIABILITIES	$28.9B
Common Stock	$18.8B
Additional Paid-In Capital	$69M
Retained Earnings	$14.2B
Treasury Stock	$0
Accum. Other Comp. Income	$2.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$35.0B
Minority Interest	$729M
TOTAL EQUITY	$35.7B
TOTAL LIABILITIES & EQUITY	$64.6B
Total Debt	$16.8B
Net Debt	$16.3B