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CPCanadian Pacific Kansas City Ltd.
$87.99$77.4B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CP logo

Canadian Pacific Kansas City Ltd.

CP
NYSE · Railroads
$87.99
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$77.35B
P/E27.4x
52W High$96.90
Volume1.61M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Acquisition-Driven Revenue Surge Masks Margin Compression

Canadian Pacific Kansas City's transformational merger has driven a 160.7% revenue surge in 2026Q2, but integration costs have compressed operating margins to 14.7% from a 34-41% range in prior quarters. The company's strategic network expansion and aggressive...

GrowthMixed
ProfitabilityStable
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

CP price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

4/12 Beats

EPS beat 4 of last 12 quarters

02

Valuation risk

+12% Peers

P/E is 12% above peer median

03

Market leadership

RS 60 · Avg

Average momentum (RS Rating: 60)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 29
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue spiked 160.7% YoY to $9.6B in 2026Q2, but operating margin fell to 14.7%, less than half the 34-41% range of the prior four quarters, indicating acquisition-related cost pressures.

Analyst Consensus+25.5% target
Buy(43 analysts)
26 Buy15 Hold2 Sell

The Bull Case

Upside Catalysts

Unique North American rail network

CP is the only single-line railroad physically connecting Canada, the United States, and Mexico, offering a unique competitive advantage.

Strong management discipline

The company is recognized for the quality of its franchise and the discipline of its management, which supports long-term growth.

Attractive valuation metrics

CP's trailing and forward P/E ratios of 25.21 and 21.79 respectively indicate a potentially attractive valuation for investors.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CP+18.66%
S&P 500 (^GSPC)+13.20%
1-Year Return
CP+18.82%
S&P 500 (^GSPC)+15.98%
3-Year Return
CP+17.44%
S&P 500 (^GSPC)+81.50%
5-Year Return
CP+40.45%
S&P 500 (^GSPC)+78.50%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
27.4x
Forward P/EExpansion
16.6x
EV/EBITDA60th %ile
17.2x
FCF YieldCash Flow
2.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
27.4x
18.2x
100th· High
EV/EBITDA
17.2x
16.2x
60th· Fair
Price/FCF
50.0x
28.1x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$25.12-71.5%
Base (Fair)$62.35-28.7%
Bull$96.50+9.7%
$25.12 Bear$62.35 Base$96.50 Bull
Current Market Price: $87.99
Trades at a 41.1% premium to Base DCF ($62.35)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$15.08B+3.7% YoY
Net income
$4.14B+11.4% YoY
Free cash flow
$2.17B-9.9% YoY
Operating margin
37.2%+1.6 pts YoY
ROIC (TTM)6%
Avg ROIC 5Y-
ROE (TTM)8.7%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate4/12 (33%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.82-6.6%
vs $0.87
$2.9B+1.3%
vs $2.9B
Q2 2026
Apr 29, 2026
$0.76-2.6%
vs $0.78
$2.7B-1.4%
vs $2.7B
Q1 2026
Jan 28, 2026
$0.95-4.0%
vs $0.99
$2.9B-0.3%
vs $2.9B
Q4 2025
Oct 29, 2025
$0.80-1.2%
vs $0.81
$3.7B+38.8%
vs $2.6B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·2d ago
Financial Contrast: Canadian Pacific Kansas City (NYSE:CP) versus Werner Enterprises (NASDAQ:WERN)

Werner Enterprises (NASDAQ: WERN - Get Free Report) and Canadian Pacific Kansas City (NYSE: CP - Get Free Report) are both industrials companies, but which is the superior investment? We will compare the two companies based on the strength of their dividends, risk, profitability, institutional ownership, analyst recommendations, earnings and valuation. Analyst Ratings This is a breakdown

Seeking Alpha·5d ago
Canadian Pacific Kansas City Limited (CP:CA) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

Canadian Pacific Kansas City Limited (CP:CA) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

Defense World·6d ago
Bank of America Corp DE Makes New $276.90 Million Investment in Canadian Pacific Kansas City Limited $CP

Bank of America Corp DE acquired a new position in Canadian Pacific Kansas City Limited (NYSE: CP) (TSE: CP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,195,613 shares of the transportation company's stock, valued at approximately

Defense World·Sep 10, 2026
Canadian Pacific Kansas City (TSE:CP) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Canadian Pacific Kansas City Limited (TSE: CP - Get Free Report) (NYSE: CP) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$120.92 and traded as high as C$125.51. Canadian Pacific Kansas City shares last traded at C$124.46, with a volume of 1,008,112 shares. Analyst

Filtered for Canadian Pacific Kansas City Ltd.More Headlines
04

Compare before deciding

Benchmark CP against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Canadian Pacific Kansas City Ltd. (CP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CP logoCPCanadian Pacific Kansas City Ltd.Current
$87.99$77.35B27.373.66%27.46%8.65%0.7%
CNI logoCNICanadian National Railway Company
$119.52$72.3B22.181.43%26.91%22.19%—
UNP logoUNPUnion Pacific Corporation
$274.41$163.02B22.921.07%28.85%38.65%—
CSX logoCSXCSX Corporation
$46.59$86.31B30.25-3.08%22.21%24.06%—
NSC logoNSCNorfolk Southern Corporation
$314.00$70.53B24.630.47%21.02%16.8%—
WAB logoWABWestinghouse Air Brake Technologies Corporation
$289.71$48.94B42.427.51%10.59%11.32%—

Compare CP vs Peers

Canadian Pacific Kansas City Ltd. (CP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CNI

Most directly comparable listed peer for CP.

Scale Benchmark

vs UNP

Larger-name benchmark to compare CP against a more recognizable public peer.

Peer Set

Compare Top 5

vs CNI, UNP, CSX, NSC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CP SEC Filings & Documents

Canadian Pacific Kansas City Ltd. (CP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

Jul 29, 2026·SEC

Material company update

Jul 29, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

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CP Frequently Asked Questions

Canadian Pacific Kansas City Ltd. (CP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Canadian Pacific Kansas City Ltd.'s revenue?

Canadian Pacific Kansas City Ltd. (CP) reported $22.39B in revenue for fiscal year 2025. This represents a 502% increase from $3.72B in 1997.

How fast is Canadian Pacific Kansas City Ltd. growing?

Canadian Pacific Kansas City Ltd. (CP) grew revenue by 3.7% over the past year. Growth has been modest.

Is CP profitable?

Yes, Canadian Pacific Kansas City Ltd. (CP) is profitable, generating $4.20B in net income for fiscal year 2025 (27.5% net margin).

Dividend & Returns
Does CP pay dividends?

Yes, Canadian Pacific Kansas City Ltd. (CP) pays a dividend with a yield of 0.70%. This makes it attractive for income-focused investors.

What is CP's return on equity?

Canadian Pacific Kansas City Ltd. (CP) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.

What is Canadian Pacific Kansas City Ltd.'s free cash flow?

Canadian Pacific Kansas City Ltd. (CP) generated $2.40B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CP back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →