CP Industrials

Canadian Pacific Kansas City Limited

$91.23-0.28%

Price as of close on Nov 3, 2026 · Financials updated Nov 3, 2026

Basics

Sector: Industrials
Industry: Railroads
Country: Canada
Market cap: 79.3B USD
Enterprise value: 94.4B USD
Full-time employees: 19,744

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.16 vs a peer median of 0.64) and less short-term liquidity (current ratio 0.59 vs a peer median of 1.62)higher risk: bigger price swings (beta 1.16 vs peers 0.64) and less liquidity (current ratio 0.59 vs peers 1.62)

Ranks #1,203 of 2,308 industrials companies (bottom 48%)

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 5.5% from December 2022 to July 2026.
Canadian Pacific Kansas City had 5.5% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from CAD 7.7B in 2020 to CAD 15.1B in 2025.
Canadian Pacific Kansas City's fiscal-year revenue rose in each of the five years to 2025, from CAD 7.7B to CAD 15.1B.
Wide margins. Operating margin 37% (12 months to Jun 2026) vs a peer median of 7.7%.Operating margin 37% vs peers 7.7%.
Canadian Pacific Kansas City keeps 37% of revenue as operating profit, more than 95% of peers (median 7.7%).

StockQuotient Score

50/ 100▲ 1 since Oct 27 close

Oct 5 50 → Nov 4 50

Valuation

Is the price right?

40/100

Moderate▲ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 39 → 40

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Held back by:

▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.5%

SEC filings · 12 months to Jun 2026 · CAD→USD at the current rateReported value30% base weight · Z-score -0.10Sector median: 0.0377 · MAD: 0.0294

EBITDA yield5.7%

SEC filings · 12 months to Jun 2026 · CAD→USD at the current rateReported value50% base weight · Z-score -0.29Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield2.2%

SEC filings · 12 months to Jun 2026 · CAD→USD at the current rate · operating cash flow − capital spendingReported value20% base weight · Z-score -0.41Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield42.0%

SEC filings · latest balance sheet · CAD→USD at the current rateReported valueInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

60/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.1%

Why

Stronger than most peers on:

▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-3.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.42Sector median: 0.0709 · MAD: 0.2481

3-year revenue growth14.8%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 1.69Sector median: 0.0421 · MAD: 0.0625

Revenue growth3.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.11Sector median: 0.0439 · MAD: 0.0766

Profitability

Does it earn well?

80/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Operating margin
▲ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin36.8%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.02Sector median: 0.0773 · MAD: 0.0507

Return on assets4.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.51Sector median: 0.0311 · MAD: 0.0241

Return on invested capital6.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.16Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin52.8%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity8.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 17 → 18

Company's reported figures updated+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.16

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.86Sector median: 0.6440 · MAD: 0.2745

Current ratio0.59×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -1.77Sector median: 1.6180 · MAD: 0.5360

Debt / equity0.54×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.41Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Canadian Pacific Kansas City

Is Canadian Pacific Kansas City getting weaker?: Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is 50/100, up 1 since Oct 28, 2026.
How is Canadian Pacific Kansas City valued vs its peers?: Priced about in line with its peers. Valuation scores 40/100 against 2,459 industrials peers. Free cash flow yield 2.2% vs a peer median of 3.7% (weaker than 63% of peers).Free cash flow yield 2.2% vs peers 3.7% (weaker than 63% of peers).
Is Canadian Pacific Kansas City growing?: Yes, faster than most of its peers. Growth scores 60/100 against 2,459 industrials peers. 3-year revenue growth 14.8% vs a peer median of 4.2% (stronger than 84% of peers).3-year revenue growth 14.8% vs peers 4.2% (stronger than 84% of peers). Earnings per share growth -3.4% vs a peer median of 7.1% (weaker than 63% of peers).Earnings per share growth -3.4% vs peers 7.1% (weaker than 63% of peers).
How profitable is Canadian Pacific Kansas City?: More profitable than most of its peers. Profitability scores 80/100 against 2,459 industrials peers. Operating margin 36.8% vs a peer median of 7.7% (stronger than 95% of peers).Operating margin 36.8% vs peers 7.7% (stronger than 95% of peers).
How risky is Canadian Pacific Kansas City?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 0.59× vs a peer median of 1.62× (weaker than 100% of peers).Current ratio 0.59× vs peers 1.62× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	15.0B CAD	15.4B CAD	+3.1%
Net income (12 months)	4.1B CAD	3.9B CAD	−5.2%
Operating margin	37.0%	36.8%	−0.3 pts
Free cash flow (12 months)	2.1B CAD	2.4B CAD	+17.2%
Debt	24.3B CAD	25.1B CAD	+3.4%
Cash	409.0M CAD	366.0M CAD	−10.5%
Shares outstanding	887.7M	879.1M	−1.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	40.1%	37.8%	35.0%	35.6%	37.2%	▲ 1.6 pts
Net margin	35.7%	39.9%	31.3%	25.6%	27.5%	▲ 1.9 pts
Return on assets (ROA)	4.2%	4.8%	4.9%	4.2%	4.8%	▲ 0.6 pts
Return on equity (ROE)	8.4%	9.0%	9.5%	7.8%	9.0%	▲ 1.3 pts
Free cash flow margin	27.0%	29.3%	13.3%	16.8%	14.6%	▼ 2.2 pts
Current ratio	0.43×	0.59×	0.53×	0.60×	0.49×	▼ 18%
Debt to equity	0.59×	0.51×	0.57×	0.51×	0.53×	▲ 5.0%
Interest coverage	7.19×	—	—	—	—	—

CP price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.16 vs a peer median of 0.64) and less short-term liquidity (current ratio 0.59 vs a peer median of 1.62)higher risk: bigger price swings (beta 1.16 vs peers 0.64) and less liquidity (current ratio 0.59 vs peers 1.62)

Ranks #1,203 of 2,308 industrials companies (bottom 48%)

See how it ranks against its peers

Worth knowing

Share count shrinking. Shares outstanding down 5.5% from December 2022 to July 2026.

Canadian Pacific Kansas City had 5.5% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from CAD 7.7B in 2020 to CAD 15.1B in 2025.

Canadian Pacific Kansas City's fiscal-year revenue rose in each of the five years to 2025, from CAD 7.7B to CAD 15.1B.

Wide margins. Operating margin 37% (12 months to Jun 2026) vs a peer median of 7.7%.Operating margin 37% vs peers 7.7%.

Canadian Pacific Kansas City keeps 37% of revenue as operating profit, more than 95% of peers (median 7.7%).

Questions investors ask about Canadian Pacific Kansas City

Is Canadian Pacific Kansas City getting weaker?

Its latest SEC filing (Jul 30, 2026) showed no major changes. Its overall score is 50/100, up 1 since Oct 28, 2026.

How is Canadian Pacific Kansas City valued vs its peers?

Priced about in line with its peers. Valuation scores 40/100 against 2,459 industrials peers. Free cash flow yield 2.2% vs a peer median of 3.7% (weaker than 63% of peers).Free cash flow yield 2.2% vs peers 3.7% (weaker than 63% of peers).

Is Canadian Pacific Kansas City growing?

Yes, faster than most of its peers. Growth scores 60/100 against 2,459 industrials peers. 3-year revenue growth 14.8% vs a peer median of 4.2% (stronger than 84% of peers).3-year revenue growth 14.8% vs peers 4.2% (stronger than 84% of peers). Earnings per share growth -3.4% vs a peer median of 7.1% (weaker than 63% of peers).Earnings per share growth -3.4% vs peers 7.1% (weaker than 63% of peers).

How profitable is Canadian Pacific Kansas City?

More profitable than most of its peers. Profitability scores 80/100 against 2,459 industrials peers. Operating margin 36.8% vs a peer median of 7.7% (stronger than 95% of peers).Operating margin 36.8% vs peers 7.7% (stronger than 95% of peers).

How risky is Canadian Pacific Kansas City?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 0.59× vs a peer median of 1.62× (weaker than 100% of peers).Current ratio 0.59× vs peers 1.62× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

15.0B CAD

15.4B CAD

+3.1%

Net income (12 months)

4.1B CAD

3.9B CAD

−5.2%

Operating margin

37.0%

36.8%

−0.3 pts

Free cash flow (12 months)

2.1B CAD

2.4B CAD

+17.2%

Debt

24.3B CAD

25.1B CAD

+3.4%

Cash

409.0M CAD

366.0M CAD

−10.5%

Shares outstanding

887.7M

879.1M

−1.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

40.1%

37.8%

35.0%

35.6%

37.2%

▲ 1.6 pts

Net margin

35.7%

39.9%

31.3%

25.6%

27.5%

▲ 1.9 pts

Return on assets (ROA)

4.2%

4.8%

4.9%

4.2%

4.8%

▲ 0.6 pts

Return on equity (ROE)

8.4%

9.0%

9.5%

7.8%

9.0%

▲ 1.3 pts

Free cash flow margin

27.0%

29.3%

13.3%

16.8%

14.6%

▼ 2.2 pts

Current ratio

0.43×

0.59×

0.53×

0.60×

0.49×

▼ 18%

Debt to equity

0.59×

0.51×

0.57×

0.51×

0.53×

▲ 5.0%

Interest coverage

7.19×

—