Figures are reported in CAD, not US dollars, and are shown as filed. Nothing here is converted, so comparing them with a dollar figure compares two different currencies.
Valuation, from the filing
| Public float | $72.75B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $81.01 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 17.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 4.8× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
17.6× earnings today, against a median of 15.9× across 10 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $72.75B | 17.6× | |
| 2024-06-30 | $73.44B | 19.8× | |
| 2023-06-30 | $75.20B | 19.2× | |
| 2022-06-30 | $64.94B | 18.5× | |
| 2021-06-30 | $51.28B | 18.0× | |
| 2020-06-30 | $34.60B | 14.2× | |
| 2019-06-30 | $32.71B | 13.4× | |
| 2018-06-30 | $26.09B | 13.4× | |
| 2017-06-30 | $23.49B | 9.8× | |
| 2016-06-30 | $17.82B | 11.1× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Railroads, Line-Haul Operating filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Current ratio | 0.49x | 0th | |
| Revenue YoY growth | 3.7% | 75th | |
| CapEx / revenue | 20.6% | 50th | |
| FCF margin | 14.6% | 50th |
CANADIAN PACIFIC KANSAS CITY LTD/CN (CP) reported revenue of $16.01B and net income of $3.86B for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from CANADIAN PACIFIC KANSAS CITY LTD/CN’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Railroads, Line-Haul Operating.
Income
| Metric | 2026-09-30 |
|---|---|
| Revenue | CAD 16.01B |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | CAD 5.83B |
| Net income | CAD 3.86B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | CAD 5.32B |
| Income tax expense | CAD 1.46B |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | CAD 399.00M |
| Total assets | CAD 89.44B |
| Current assets | CAD 3.53B |
| Total liabilities | CAD 42.68B |
| Current liabilities | CAD 6.75B |
| Total equity incl. NCI | CAD 46.76B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | CAD 2.24B |
| Goodwill | CAD 19.08B |
| Long-term debt | CAD 22.23B |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | CAD 5.78B |
| Capital expenditures | CAD 2.82B |
| Investing cash flow | -CAD 2.78B |
| Financing cash flow | -CAD 3.03B |
| Net change in cash | -CAD 12.00M |
| Stock-based compensation | Unavailable |
| Common dividends paid | CAD 848.00M |
| Common share repurchases | CAD 3.78B |
| Depreciation & amortization | CAD 2.08B |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | CAD 2.95B |
| Gross margin | Unavailable |
| Operating margin | 36.4% |
| FCF margin | 18.4% |
| SBC / revenue | Unavailable |
| Current ratio | 0.52x |
| Revenue YoY growth | 6.7% |
| Net margin | 24.1% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 17.6% |
| Long-term debt / equity | 0.48x |
| Effective tax rate | 27.4% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open CP in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.