10x Insights
Loading account…
Companies / Industrials / Canadian Pacific Kansas City Limited
CP

Canadian Pacific Kansas City Limited

IndustrialsTransportation & Utilities
Ticker CPCALGARY ALBERTA, A0Fiscal year ends DecemberBook value per share $52.26Diluted shares 892.2M

Canadian Pacific Kansas City Limited (NYSE: CP) owns and operates a freight railway network of approximately 20,000 miles spanning Canada, the United States and Mexico, serving major business centres in all three countries. It transports bulk commodities, merchandise freight and intermodal traffic for shippers across… From the company’s description.

In fiscal 2025, Canadian Pacific Kansas City Limited reported revenue of CAD 15.08B, up 3.7% from fiscal 2024, and net income of CAD 4.14B. Its operating margin was 37.2%, and operations generated CAD 5.31B in cash. Over the twelve months to Jun 30, 2026, revenue was CAD 15.45B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$15.08BFY2025
+3.7% year over year
Last 12 mo $15.45B
37.20%FY2025
+1.6 percentage points
Last 12 mo 36.76%
$4.14BFY2025
+11.4% year over year
Last 12 mo $3.86B
9.03%FY2025
+1.3 percentage points
Last 12 mo 8.29%
Cash & financing
$5.31BFY2025
+0.8% year over year
Last 12 mo $5.50B
$2.21BFY2025
−9.7% year over year
Last 12 mo $2.43B
0.51FY2025
Was 0.47× a year earlier
Last 12 mo 0.54
917.1MFY2025
−1.9% year over year
Last 12 mo 892.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Canadian Pacific Kansas City Limited does

In the company’s own words

Canadian Pacific Kansas City Limited (NYSE: CP) owns and operates a freight railway network of approximately 20,000 miles spanning Canada, the United States and Mexico, serving major business centres in all three countries. It transports bulk commodities, merchandise freight and intermodal traffic for shippers across industries, including agriculture, energy, chemicals, automotive, retail and manufacturing. Its single operating segment is rail transportation; freight revenue comprises bulk commodities, merchandise and intermodal services, representing approximately 36%, 46% and 18%, respectively, of 2025 freight revenue. Bulk includes grain, coal, potash, and fertilizers and sulphur; merchandise includes forest products, energy, chemicals and plastics, metals, minerals, consumer products and automotive freight. Intermodal services move domestic and international container traffic by rail in conjunction with truck and ship transportation. CPKC generated C$14.776 billion in freight revenue in 2025 and had 19,479 employees at year-end. The company assumed control of Kansas City Southern in 2023, creating its Canada-U.S.-Mexico network, and controls Canadian Pacific Railway Company, founded in 1881. Its website is www.cpkcr.com.

Company details
Sector
Industrials
Industry (SIC)
Transportation & Utilities
Headquarters
CALGARY ALBERTA, A0
Fiscal year end
December
CIK
16875
SIC
4011

Financial performance, year by year

Fiscal 2015–2025 · USD
$-1.54B$3.09B$7.72B$12.36B$16.99B20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Canadian Pacific Kansas City Limited — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

352
funds hold it
2 of 35
superinvestors hold it
$9.40B
held by funds, at market
12.3%
of shares held by funds
31
bond issues held by funds

Superinvestors in Canadian Pacific Kansas City Limited · what they did last quarter

Chris HohnDECREASED -2.6%
TCI Fund Management
7.4%of 13F portfolio
Tom GaynerINCREASED +22.7%
Markel Group (Markel-Gayner)
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Canadian Pacific Kansas City Limited’s weight in each

—of fund net assets
VANGUARD DEVELOPED MARKETS INDEX FUND
VEA · VANGUARD TAX-MANAGED FUNDS
0.24%of fund net assets
WCM Focused International Growth Fund
WCMIX · INVESTMENT MANAGERS SERIES TRUST
2.30%of fund net assets
Fidelity Series Canada Fund
FCNSX · Fidelity Investment Trust
—of fund net assets
JPMorgan Equity Income Fund
HLIEX · JPMorgan Trust II
0.86%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Canadian Pacific Kansas City Limited’s bonds, as funds hold them

Funds report holding 31 issues of Canadian Pacific Kansas City Limited’s debt, $1.99B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.96%, maturing 2026 to 2069.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Canadian Pacific Kansas City Limited and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Canadian Pacific Kansas City Limited's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Canadian Pacific Kansas City Limited's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.