Canadian Pacific Kansas City Limited (CP) financial statements

Industrials · Railroads · Market cap $74.5B

Canadian Pacific Kansas City Limited reported revenue of 15.1B CAD in fiscal 2025, up 10.3% a year over 9 years.

Net income was 4.1B CAD and the operating margin 37.2%, against 38.7% in 2016.

Free cash flow was 2.2B CAD, and the company returned 796M CAD in dividends and 3.9B CAD in net buybacks.

The diluted share count rose 22% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (CAD).

051015202016201720182019202020212022202320242025RevenueFree cash flow
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Income statement

Fiscal years, in CAD, from Canadian Pacific Kansas City Limited's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Revenue6.2B CAD6.6B CAD7.3B CAD7.8B CAD7.7B CAD8.0B CAD8.8B CAD12.6B CAD14.5B CAD15.1B CAD
Operating income2.4B CAD2.5B CAD2.8B CAD3.1B CAD3.3B CAD3.2B CAD3.3B CAD4.4B CAD5.2B CAD5.6B CAD
Interest expense472M CAD475M CAD455M CAD454M CAD462M CAD446M CAD————
Pre-tax income2.2B CAD2.5B CAD2.6B CAD3.1B CAD3.2B CAD3.6B CAD4.1B CAD-3.1B CAD4.8B CAD5.5B CAD
Income tax553M CAD93M CAD637M CAD706M CAD758M CAD768M CAD628M CAD-7.0B CAD1.1B CAD1.3B CAD
Net income1.6B CAD2.4B CAD2.0B CAD2.4B CAD2.4B CAD2.9B CAD3.5B CAD3.9B CAD3.7B CAD4.1B CAD
EPS (diluted)2.13 CAD3.29 CAD2.72 CAD3.50 CAD3.59 CAD4.18 CAD3.77 CAD4.21 CAD3.98 CAD4.51 CAD
Diluted shares752M732M716M696M680M683M933M934M935M917M
Operating margin38.7%38.4%38.7%40.1%42.9%40.1%37.8%35.0%35.6%37.2%
Net margin25.7%36.7%26.7%31.3%31.7%35.7%39.9%31.3%25.6%27.5%

Balance sheet

Fiscal years, in CAD, from Canadian Pacific Kansas City Limited's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Cash and short-term investments164M CAD338M CAD61M CAD133M CAD147M CAD69M CAD451M CAD464M CAD739M CAD184M CAD
Receivables591M CAD687M CAD815M CAD805M CAD825M CAD819M CAD1.0B CAD1.9B CAD2.0B CAD2.0B CAD
Total current assets1.0B CAD1.3B CAD1.1B CAD1.2B CAD1.3B CAD1.4B CAD1.9B CAD3.0B CAD3.4B CAD2.9B CAD
Property, plant and equipment16.7B CAD17.0B CAD18.4B CAD19.2B CAD20.4B CAD21.2B CAD22.4B CAD51.7B CAD56.0B CAD55.3B CAD
Goodwill191M CAD178M CAD194M CAD194M CAD329M CAD328M CAD344M CAD17.7B CAD19.4B CAD18.4B CAD
Total assets19.2B CAD20.1B CAD21.3B CAD22.4B CAD23.6B CAD68.2B CAD73.5B CAD79.9B CAD87.7B CAD85.9B CAD
Total current liabilities1.3B CAD2.0B CAD2.0B CAD2.3B CAD2.7B CAD3.2B CAD3.2B CAD5.7B CAD5.7B CAD6.0B CAD
Long-term debt8.7B CAD7.4B CAD8.2B CAD8.2B CAD8.6B CAD18.6B CAD18.1B CAD19.4B CAD19.8B CAD19.9B CAD
Total liabilities14.6B CAD13.7B CAD14.6B CAD15.3B CAD16.3B CAD34.3B CAD34.6B CAD37.5B CAD38.9B CAD39.1B CAD
Shareholders' equity4.6B CAD6.4B CAD6.6B CAD7.1B CAD7.3B CAD33.8B CAD38.9B CAD41.5B CAD47.9B CAD45.9B CAD
Net debt8.5B CAD7.1B CAD8.1B CAD8.0B CAD8.4B CAD18.5B CAD17.7B CAD18.9B CAD19.1B CAD19.8B CAD

Cash flow

Fiscal years, in CAD, from Canadian Pacific Kansas City Limited's 10-K filings with the SEC.

Fiscal year2016201720182019202020212022202320242025
Operating cash flow2.1B CAD2.2B CAD2.7B CAD3.0B CAD2.8B CAD3.7B CAD4.1B CAD4.1B CAD5.3B CAD5.3B CAD
Capital spending1.2B CAD1.3B CAD1.6B CAD1.6B CAD1.7B CAD1.5B CAD1.6B CAD2.5B CAD2.8B CAD3.1B CAD
Free cash flow907M CAD842M CAD1.2B CAD1.3B CAD1.1B CAD2.2B CAD2.6B CAD1.7B CAD2.4B CAD2.2B CAD
Stock-based compensation51M CAD35M CAD75M CAD133M CAD170M CAD131M CAD113M CAD122M CAD108M CAD59M CAD
Dividends paid255M CAD310M CAD348M CAD412M CAD467M CAD507M CAD707M CAD707M CAD709M CAD796M CAD
Share buybacks (net)-1.2B CAD-381M CAD-1.1B CAD-1.1B CAD-1.5B CAD0 CAD0 CAD0 CAD0 CAD-3.9B CAD
Net borrowing-8M CAD0 CAD0 CAD524M CAD270M CAD-454M CAD-415M CAD1.1B CAD439M CAD-346M CAD
Free cash flow margin14.6%12.8%15.9%17.2%14.7%27.0%29.3%13.3%16.8%14.6%
Dividends per share0.34 CAD0.42 CAD0.49 CAD0.59 CAD0.69 CAD0.74 CAD0.76 CAD0.76 CAD0.76 CAD0.87 CAD
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Questions

What was Canadian Pacific Kansas City Limited's revenue in 2025?

15.1B CAD in fiscal 2025, from its 10-K filing.

How much free cash flow does Canadian Pacific Kansas City Limited generate?

2.2B CAD in fiscal 2025 (operating cash flow minus capital spending).

From Canadian Pacific Kansas City Limited's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.