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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
CA$4.2B
CA$917M
0.0%
35.5%
2.0%
1.0%
CA$937M
—
CA$399M
Jun '26
CA$4.1B
CA$1.0B
0.0%
35.6%
2.2%
1.1%
CA$968M
—
CA$366M
Mar '26
CA$3.7B
CA$846M
0.0%
34.2%
1.8%
1.0%
CA$312M
—
CA$409M
Dec '25
CA$3.9B
CA$1.1B
0.0%
41.4%
2.3%
1.3%
CA$736M
—
CA$184M
Sep '25
CA$3.6B
CA$920M
0.0%
36.8%
2.0%
1.1%
CA$414M
—
CA$411M
Jun '25
CA$3.7B
CA$1.2B
0.0%
36.6%
2.7%
1.4%
CA$612M
—
CA$799M
Mar '25
CA$3.8B
CA$910M
0.0%
35.0%
1.9%
1.0%
CA$445M
—
CA$695M
Dec '24
CA$3.8B
CA$1.2B
0.0%
40.6%
2.5%
1.4%
CA$962M
—
CA$739M
Sep '24
CA$3.5B
CA$837M
0.0%
34.3%
1.9%
1.0%
CA$524M
—
CA$463M
Jun '24
CA$3.6B
CA$905M
0.0%
35.4%
2.1%
1.1%
CA$470M
—
CA$557M
Mar '24
CA$3.5B
CA$775M
0.0%
32.9%
1.8%
0.9%
CA$488M
—
CA$519M
Dec '23
CA$3.8B
CA$1.0B
0.0%
38.4%
2.5%
1.3%
CA$635M
—
CA$464M
Sep '23
CA$3.3B
CA$780M
0.0%
35.5%
1.9%
1.0%
CA$294M
—
CA$294M
Jun '23
CA$3.1B
CA$1.3B
0.0%
30.1%
3.3%
1.7%
CA$264M
—
CA$325M
Mar '23
CA$2.2B
CA$800M
0.0%
36.9%
2.0%
1.1%
CA$476M
—
CA$290M
Dec '22
CA$2.4B
CA$1.3B
0.0%
40.5%
3.3%
1.7%
CA$1.2B
—
CA$451M
Sep '22
CA$2.3B
CA$891M
0.0%
40.9%
2.4%
1.2%
CA$680M
—
CA$138M
Jun '22
CA$2.2B
CA$765M
0.0%
39.8%
2.2%
1.1%
CA$337M
—
CA$154M
Mar '22
CA$1.8B
CA$590M
0.0%
29.4%
1.7%
0.9%
CA$387M
—
CA$85M
Dec '21
CA$2.0B
CA$532M
0.0%
41.2%
1.6%
0.8%
CA$183M
—
CA$69M
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.
The price-to-earnings ratio has risen from 25.7× (Mar '23) to 26.8× (Nov '26).
The price-to-sales ratio has fallen from 10.4× (Mar '23) to 7.4× (Nov '26).
The dividend yield has fallen from 0.8% (Mar '23) to 0.7% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
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.