Canadian Pacific Railway CP
$92.17 −$1.59 (-1.70%)
Market closed · Nov 7, 9:10 am ET · Last extended-hours $92.17 0.00%
Open$92.23
Prev close$93.76
Day range$91.25 – $92.80
Volume2.17M
Market cap$80.15B
P/E (TTM)29.8
Dividend yield0.76%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026 · reported in CAD
RevenueC$4.22B+15.2% YoY
Operating profitC$1.49B+11.3% YoY
Net profitC$916.00M-0.1% YoY
Diluted EPSC$1.04+3.0% YoY
Free cash flowC$932.00M+129.0% YoY
Operating cash flowC$1.55B
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin36.4%
Operating margin36.4%
Net margin24.1%
Return on equity8.4%
Return on assets4.4%
Return on invested capital6.4%
Current ratio0.52
Liabilities / assets47.7%
Cash & investmentsC$399.00M
Total debtC$25.85B
Net cash (debt)-C$25.45B
Free cash flow / sales18.3%
This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.
Income statement
| Line item | 2026 Q3 (CAD) |
2026 Q2 (CAD) |
2026 Q1 (CAD) |
2025 ANNUAL (CAD) |
2025 Q4 (CAD) |
|---|---|---|---|---|---|
| Total Revenue as Reported | C$4.22B | C$4.16B | C$3.70B | C$15.08B | C$3.92B |
| Total Operating Revenue | C$4.22B | C$4.16B | C$3.70B | C$15.08B | C$3.92B |
| Cost of Revenue | C$2.73B | C$2.69B | C$2.44B | C$9.47B | C$2.31B |
| Gross Profit | C$1.49B | C$1.47B | C$1.26B | C$5.61B | C$1.61B |
| Operating Profit | C$1.49B | C$1.47B | C$1.26B | C$5.61B | C$1.61B |
| Net Non-Operating Interest Income (Expense) | -C$239.00M | -C$237.00M | -C$228.00M | -C$876.00M | -C$230.00M |
| Non-Operating Interest Expense | C$239.00M | C$237.00M | C$228.00M | C$876.00M | C$230.00M |
| Other Income (Expense) | C$116.00M | C$124.00M | C$90.00M | C$749.00M | C$94.00M |
| Special Income (Charges) | C$0.00 | C$0.00 | – | C$0.00 | -C$333.00M |
| -Gain on Sale Of Business | C$0.00 | C$0.00 | – | C$0.00 | -C$333.00M |
| Other Non-Operating Income (Expenses) | C$116.00M | C$124.00M | C$90.00M | C$402.00M | C$80.00M |
| Pretax Profit | C$1.36B | C$1.36B | C$1.12B | C$5.48B | C$1.48B |
| Tax | C$448.00M | C$335.00M | C$275.00M | C$1.35B | C$400.00M |
| Net Profit | C$916.00M | C$1.02B | C$845.00M | C$4.14B | C$1.08B |
| Profit from Continuing Operations | C$916.00M | C$1.02B | C$845.00M | C$4.14B | C$1.08B |
| Minority Interests | -C$1.00M | C$0.00 | -C$1.00M | -C$4.00M | C$0.00 |
| Net Income to Parent Company | C$917.00M | C$1.02B | C$846.00M | C$4.14B | C$1.08B |
| Net Income to Common Stockholders | C$917.00M | C$1.02B | C$846.00M | C$4.14B | C$1.08B |
| Basic EPS | C$1.05 | C$1.16 | C$0.94 | C$4.52 | C$1.20 |
| Diluted EPS | C$1.04 | C$1.15 | C$0.94 | C$4.51 | C$1.20 |
| Dividend Per Share | C$0.27 | C$0.27 | C$0.23 | C$0.87 | C$0.23 |
| Operating Expense | – | – | – | C$9.47B | – |
| Gain on Sale of Security | – | – | – | C$347.00M | C$14.00M |
| Earnings from Equity Interest | – | – | – | C$0.00 | – |
| -Less:Restructuring and Mergern & Acquisition | – | – | – | C$0.00 | – |
Balance sheet
| Line item | 2026 Q3 (CAD) |
2026 Q2 (CAD) |
2026 Q1 (CAD) |
2025 ANNUAL (CAD) |
2025 Q4 (CAD) |
|---|---|---|---|---|---|
| Total Assets | C$89.44B | C$89.28B | C$87.68B | C$85.95B | C$85.95B |
| Total Current Assets | C$3.53B | C$3.45B | C$3.40B | C$2.94B | C$2.94B |
| Cash and Cash Equivalents & Short-Term Investments | C$399.00M | C$366.00M | C$409.00M | C$184.00M | C$184.00M |
| -Cash and Cash Equivalents | C$399.00M | C$366.00M | C$409.00M | C$184.00M | C$184.00M |
| Receivables | C$2.25B | C$2.25B | C$2.20B | C$2.03B | C$2.03B |
| -Accounts Receivable | C$2.25B | C$2.25B | C$2.20B | C$2.03B | C$2.03B |
| Inventory | C$577.00M | C$542.00M | C$534.00M | C$502.00M | C$502.00M |
| Other Current Assets | C$313.00M | C$292.00M | C$265.00M | C$224.00M | C$224.00M |
| Total Non-Current Assets | C$85.91B | C$85.83B | C$84.28B | C$83.01B | C$83.01B |
| Net PPE | C$57.20B | C$57.17B | C$56.13B | C$53.97B | C$53.97B |
| Investments and Advances | C$533.00M | C$522.00M | C$485.00M | C$473.00M | C$473.00M |
| Goodwill and Other Intangible Assets | C$22.03B | C$22.09B | C$21.69B | C$23.12B | C$23.12B |
| -Goodwill | C$19.08B | C$19.11B | C$18.75B | C$18.44B | C$18.44B |
| -Other Intangible Assets | C$2.95B | C$2.97B | C$2.94B | C$4.69B | C$4.69B |
| Defined Pension Benefit | C$5.43B | C$5.33B | C$5.23B | C$5.13B | C$5.13B |
| Other Non-Current Assets | C$716.00M | C$727.00M | C$753.00M | C$312.00M | C$312.00M |
| Total Liabilities | C$42.69B | C$41.68B | C$40.27B | C$39.12B | C$39.12B |
| Total Current Liabilities | C$6.75B | C$5.81B | C$5.07B | C$5.99B | C$5.99B |
| Short-Term Debt and Capital Lease Obligation | C$3.61B | C$2.90B | C$2.44B | C$3.35B | C$3.35B |
| -Current Debt | C$3.61B | C$2.90B | C$2.44B | C$3.24B | C$3.24B |
| Total Non-Current Liabilities | C$35.93B | C$35.86B | C$35.20B | C$33.13B | C$33.13B |
| Long Term Debt and Capital Lease Obligation | C$22.23B | C$22.25B | C$21.88B | C$20.25B | C$20.25B |
| -Long Term Debt | C$22.23B | C$22.25B | C$21.88B | C$19.95B | C$19.95B |
| Non-Current Deferred Liabilities | C$12.27B | C$12.17B | C$11.97B | C$11.90B | C$11.90B |
| Employee Benefits | C$542.00M | C$540.00M | C$537.00M | C$655.00M | C$655.00M |
| Other Non-Current Liabilities | C$891.00M | C$910.00M | C$811.00M | C$108.00M | C$108.00M |
| Total Equity | C$46.76B | C$47.61B | C$47.42B | C$46.83B | C$46.83B |
| Stockholders' Equity | C$45.78B | C$46.63B | C$46.45B | C$45.88B | C$45.88B |
| Capital Stock | C$24.06B | C$24.36B | C$24.62B | C$24.75B | C$24.75B |
| -Common Stock | C$24.06B | C$24.36B | C$24.62B | C$24.75B | C$24.75B |
| Additional Paid-In Capital | C$114.00M | C$115.00M | C$118.00M | C$105.00M | C$105.00M |
| Retained Earnings | C$19.24B | C$19.73B | C$19.94B | C$19.78B | C$19.78B |
| Gains/Losses Not Affecting Retained Earnings | C$2.37B | C$2.42B | C$1.78B | C$1.24B | C$1.24B |
| Minority Interests | C$979.00M | C$981.00M | C$963.00M | C$948.00M | C$948.00M |
| -Gross PPE | – | – | – | C$66.23B | C$66.23B |
| -Accumulated Depreciation | – | – | – | -C$12.26B | -C$12.26B |
| Payables | – | – | – | C$1.46B | C$1.46B |
| -Accounts Payable | – | – | – | C$682.00M | C$682.00M |
| -Total Tax Payable | – | – | – | C$459.00M | C$459.00M |
| -Dividends Payable | – | – | – | C$204.00M | C$204.00M |
| -Other Payable | – | – | – | C$114.00M | C$114.00M |
| Current Accrued Expenses | – | – | – | C$1.03B | C$1.03B |
| -Current Capital Lease Obligation | – | – | – | C$111.00M | C$111.00M |
| Current Provisions | – | – | – | C$78.00M | C$78.00M |
| -Long Term Capital Lease Obligation | – | – | – | C$299.00M | C$299.00M |
| Non-Current Liabilities | – | – | – | C$218.00M | C$218.00M |
Cash flow
| Line item | 2026 Q3 (CAD) |
2026 Q2 (CAD) |
2026 Q1 (CAD) |
2025 ANNUAL (CAD) |
2025 Q4 (CAD) |
|---|---|---|---|---|---|
| Operating Cash Flow | C$1.55B | C$1.73B | C$976.00M | C$5.31B | C$1.52B |
| Net cash flow from continuing operations | C$1.55B | C$1.73B | C$976.00M | C$5.31B | C$1.52B |
| Net Income from Continuing Operations | C$916.00M | C$1.02B | C$845.00M | C$4.14B | C$1.08B |
| Gain/Loss from Continuing Operations | -C$100.00M | -C$96.00M | -C$99.00M | -C$700.00M | -C$84.00M |
| Depreciation & Depletion & Amortization | C$529.00M | C$519.00M | C$512.00M | C$2.02B | C$519.00M |
| Deferred Tax | C$114.00M | C$54.00M | C$15.00M | C$171.00M | C$147.00M |
| Other Non-Cash Items | -C$6.00M | C$105.00M | -C$12.00M | -C$110.00M | -C$86.00M |
| Change in Working Capital | C$97.00M | C$120.00M | -C$285.00M | -C$196.00M | -C$37.00M |
| Net cash flow from investing | -C$580.00M | -C$762.00M | -C$672.00M | -C$2.67B | -C$762.00M |
| Net Cash Flow from Continuing Investing Activities | -C$580.00M | -C$762.00M | -C$672.00M | -C$2.67B | -C$762.00M |
| Net PPE Purchase and Sale | -C$596.00M | -C$762.00M | -C$661.00M | -C$3.08B | -C$753.00M |
| Net Business Purchase and Sale | C$0.00 | C$0.00 | – | C$493.00M | C$0.00 |
| Net Other Investing Changes | C$16.00M | – | -C$11.00M | -C$76.00M | -C$9.00M |
| Financing Cash Flow | -C$943.00M | -C$1.03B | -C$81.00M | -C$3.15B | -C$979.00M |
| Net Cash Flow from Continuing Financing Activities | -C$943.00M | -C$1.03B | -C$81.00M | -C$3.15B | -C$979.00M |
| Net Issuance Payments Of Debt | C$705.00M | C$426.00M | C$782.00M | C$1.53B | -C$399.00M |
| Net Common Stock Issuance | -C$1.41B | -C$1.25B | -C$655.00M | -C$3.87B | -C$376.00M |
| Cash Dividends Paid | -C$236.00M | -C$204.00M | -C$204.00M | -C$796.00M | -C$204.00M |
| Ending Cash Balance | C$399.00M | C$366.00M | C$409.00M | C$184.00M | C$184.00M |
| Net Change in Cash | C$27.00M | -C$67.00M | C$223.00M | -C$502.00M | -C$217.00M |
| Beginning Cash Balance | C$366.00M | C$409.00M | C$184.00M | C$739.00M | C$411.00M |
| Effect of Exchange Rate Changes | C$6.00M | C$24.00M | C$2.00M | -C$53.00M | -C$10.00M |
| Free Cash Flow | C$932.00M | C$960.00M | C$307.00M | C$2.17B | C$729.00M |
| Net Other Financing Charges | – | – | -C$4.00M | -C$8.00M | C$0.00 |
| -Change in Receivables | – | – | – | C$32.00M | – |
| -Change in Inventory | – | – | – | -C$53.00M | – |
| -Change in Payables and Accrued Expense | – | – | – | -C$271.00M | – |
| -Change in Other Current Assets | – | – | – | C$96.00M | – |
| Net Investment Purchase and Sale | – | – | – | C$0.00 | – |
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