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CP Financials Canadian Pacific Kansas City Ltd/Cn

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in CAD as reported — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 14.4% per year over the past 5 years.
  • Net income has grown slower than revenue (11.1% vs 14.4% per year).
  • Operating margin has contracted, at 37.5% in the latest year.
  • Free cash flow has grown 14.3% per year over the past 5 years.

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 19.2% of earnings and 36.1% of free cash flow.
  • The dividend has grown 11.3% per year over the past 5 years.
Revenue & net income
CA$0 CA$7B CA$15B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 22% 43% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 19% 37% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-CA$592M CA$997M CA$3B CA$0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
CA$0 CA$370M CA$739M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-CA$14B -CA$2B CA$10B CA$0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 CA$15.0B CA$4.1B 0.0% 37.5% 9.0% 4.8% CA$2.2B — CA$184M
2024 CA$14.4B CA$3.7B 0.0% 35.9% 7.8% 4.2% CA$2.4B — CA$739M
2023 CA$12.4B CA$3.9B 0.0% 35.3% 9.5% 4.9% CA$1.7B — CA$464M
2022 CA$8.7B CA$3.5B 0.0% 38.1% 9.0% 4.8% CA$2.6B — CA$451M
2021 CA$7.9B CA$2.9B 0.0% 40.5% 8.4% 4.2% CA$2.2B — CA$69M
2020 CA$7.6B CA$2.4B 0.0% 43.3% 33.4% 10.3% CA$1.1B — CA$147M
2019 CA$7.7B CA$2.4B 0.0% 40.4% 34.5% 10.9% CA$1.3B — CA$133M
2018 CA$7.3B CA$2.0B 0.0% 39.0% 29.4% 9.2% CA$1.2B — CA$61M
2017 CA$6.5B CA$2.4B 0.0% 38.8% 37.4% 11.9% CA$842M — CA$338M
2016 CA$6.2B CA$1.6B 0.0% 39.1% 34.6% 8.3% CA$907M — CA$164M
2015 — CA$1.4B — — 28.2% 6.9% CA$937M — CA$650M
2014 — CA$1.5B — — 26.3% 8.9% CA$674M — CA$226M
2013 — CA$875M — — 12.3% 5.1% CA$714M — CA$476M
2012 — CA$484M — — 9.5% 3.3% CA$180M — CA$333M
2011 — CA$570M — — 12.3% 4.0% -CA$592M — CA$47M

Valuation over time

How the market has priced CP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 13.5 27.0 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 5.4 10.8 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 0.5 0.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is CP growing its revenue and profit?

Over the past 5 years, Canadian Pacific Kansas City Ltd/Cn's revenue has grown 14.4% per year, and net income grown 11.1% per year. These are computed facts, not advice.

How much debt does CP have?

As of FY2025, Canadian Pacific Kansas City Ltd/Cn reported — of total debt against CA$184M of cash.

What is CP's profit margin?

In FY2025, gross margin was —, operating margin 37.5%, and net margin 27.7%.

What is CP's P/E ratio?

Canadian Pacific Kansas City Ltd/Cn's P/E (TTM) is 28.73 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the CP stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 26.8× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in CAD as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (annual and interim filings, reported in CAD) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXCAUS; 1 CAD = 0.7165 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.