Canadian Pacific Kansas City Ltd.
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Range $99 – $140
Price Chart
About the company
Specializing in railway freight transportation, Canadian Pacific Kansas City Ltd. operates an extensive rail network connecting Canada, the United States, and Mexico. The company, headquartered in Calgary, Canada, began its operations on June 22, 2001.
- CEO
- Keith E. Creel
- IPO
- 1983
- Employees
- 19,539
- HQ
- Calgary, AB, CA
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $83.75B
- P/E
- 27.89
- Fwd P/E
- 17.99
- PEG
- 6.29
- P/S
- 6.84
- P/B
- 2.50
- EV/EBITDA
- 15.77
- Div Yield
- 0.72%
- Gross Margin
- 47.71%
- Op Margin
- 36.86%
- Net Margin
- 25.04%
- ROE
- 8.35%
- ROIC
- 5.39%
Latest fiscal year · YoY change
- Revenue
- $15.08B+3.7%
- Gross Profit
- $7.87B+4.3%
- Op Income
- $5.61B
- Net Income
- $4.14B+11.4%
- EPS
- $4.52+13.6%
- OCF Growth
- +0.8%
- FCF Growth
- -9.9%
- 52W High
- $95.99
- 52W Low
- $68.42
- 50D MA
- $90.06
- 200D MA
- $81.83
- Beta
- 1.22
- RSI (14)
- 65
- Avg Volume
- 2.77M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
CPKC reported another quarter of double-digit revenue and EPS growth, with strong service, record operating metrics, and management still calling for double-digit full-year earnings growth in 2026.· July 29, 2026
- Volume rose 4% and revenue rose 13%, while core adjusted EPS increased 13% to $1.20.
- Reported operating ratio was 54.6%; core adjusted operating ratio was 61.6%, up 90 basis points year over year.
- Management said Q2 set records in grain, energy, chemicals, plastics, automotive, and several operating metrics like train speed, dwell, locomotive productivity, and fuel efficiency.
- Growth in land-bridge, Mexico, intermodal, grain, and automotive business remained strong, while coal and some refined fuels flows were headwinds.
- Management reiterated confidence in mid-single-digit volume growth in 2026 and said the company remains on track for double-digit earnings growth this year.
CPKC reported revenue growth of 13% and volume growth of 4% in the quarter. Diluted EPS was $1.15, while core adjusted diluted EPS was $1.20, up 13% year over year. Reported operating ratio was 54.6% and core adjusted operating ratio was 61.6%, up 90 basis points from last year. On the cost side, core adjusted comp and benefits expense was $702 million and core adjusted PSNO expense was $585 million. Year to date, operating cash flow was up 8%, capital expenditures were $1.4 billion, adjusted free cash flow was $1.3 billion, and management still expects full-year CapEx of $2.65 billion, down 15% year over year. For the full year, Nadeem said the core adjusted effective tax rate is expected to be approximately 24.75%. Looking ahead, management expects continued sequential improvement in cents per RTM, significantly faster volume growth in the second half, and continued yield strength supported by fuel and FX; John reaffirmed confidence in mid-single-digit volume growth in 2026.
Keith Creel framed the quarter as proof that CPKC’s single-line Canada-U.S.-Mexico network is working as intended, with stronger service, better asset utilization, and expanding commercial opportunities. He emphasized that the company is still in the early chapters of its growth story and said CPKC is well positioned to deliver another year of double-digit earnings growth in 2026. His tone was confident and combative on industry consolidation, arguing the network’s advantage is unique and that customers want more options, not fewer.
Nadeem Velani highlighted reported OR of 54.6%, core adjusted OR of 61.6%, and core adjusted EPS of $1.20, up 13% year over year. He said higher casualty costs and stock-based compensation were about a $0.04 EPS impact and a 120 basis point OR headwind, while fuel price inflation added another 130 basis points of OR pressure. He also noted core adjusted comp and benefits expense of $702 million, PSNO expense of $585 million, year-to-date operating cash flow up 8%, CapEx of $1.4 billion year to date, and a full-year CapEx target of $2.65 billion. Capital returns totaled $2.4 billion in the first half through buybacks and dividends, and he said the full-year core adjusted tax rate should be about 24.75%.
Analysts focused on the CN/UP transaction implications, coal weakness, yield trends, second-half capacity, and whether operating leverage can accelerate. Management repeatedly said the CN/UP concessions do not change CPKC’s math, while Keith argued the deal still reduces customer options and increases long-term competitive and regulatory risk. On growth, John said the synergies pipeline remains strong, with land-bridge business seen rising from $600 million by year-end toward $1 billion over future years, and he pointed to grain, intermodal, automotive, and Mexico flows as key drivers. On costs and OR, Nadeem said second-half OR should improve sequentially as volumes accelerate and casualty costs ease, and he suggested a sub-60% operating ratio is a fair framework if certain headwinds are absent.
The bull case from the call is that CPKC is converting its unique North American network into real growth: 13% revenue growth, 13% core EPS growth, and record performance in several franchises. Management also sounded confident that the pipeline remains deep, with more room to expand Mexico, land bridge, grain, intermodal, automotive, and synergy revenue into 2027 and beyond.
The main risks called out were coal, which John said will remain a headwind in the second half, and lingering weakness in refined fuels into Mexico. Management also acknowledged safety metrics worsened year over year, casualty and stock-based compensation pressured margins, and fuel volatility could distort OR in the near term. More broadly, Keith spent much of Q&A warning that industry consolidation could reduce customer options and create operational and regulatory risk.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 94.6%
- Shares Outstanding
- 879.08M
- Float Shares
- 831.18M
of shares held by institutions
975 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for CP, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Gilbert CisnerosHouse · CA31 | Buy | Jan 20, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Dec 10, 25 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Nov 17, 25 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Nov 12, 25 | Filing → |
| Thomas H. KeanHouse · NJ07 | Buy | Aug 22, 25 | Filing → |
| Gilbert CisnerosHouse · CA31 | Sell | Aug 6, 25 | Filing → |
| Thomas H. KeanHouse · NJ07 | Buy | Apr 10, 25 | Filing → |
| Gilbert CisnerosHouse · CA31 | Sell | Apr 29, 25 | Filing → |
| Thomas H. KeanHouse · NJ07 | Buy | Dec 27, 24 | Filing → |
| Thomas H. KeanHouse · NJ07 | Buy | Dec 27, 24 | Filing → |
| Kurt SchraderHouse · OR05 | Buy | Oct 21, 22 | Filing → |
| Ro KhannaHouse · CA17 | Sell | May 23, 22 | Filing → |
| Tommy TubervilleSenate · AL | Sell | Mar 30, 22 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Feb 14, 22 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Royal Bank Of Canada | 54.24M | ▲ 1.28M |
| Tci Fund Management Ltd | 45.33M | ▼ 1.20M |
| Vanguard Group Inc | 38.03M | ▼ 703.78K |
| Jpmorgan Chase & Co | 26.37M | ▲ 10.63M |
| Vanguard Capital Management LLC | 24.57M | ▼ 101.08K |
| Fmr LLC | 24.32M | ▲ 4.16M |
| Fil Ltd | 21.22M | ▲ 217.83K |
| Invesco Ltd. | 20.47M | ▼ 1.81M |
| Bank Of Montreal /Can/ | 19.89M | ▲ 206.62K |
| Mackenzie Financial Corp | 17.05M | ▲ 1.42M |
| Wcm Investment Management, LLC | 15.28M | ▼ 802.51K |
| Td Asset Management Inc | 14.59M | ▼ 4.24M |
Held by 59 ETFs
Biggest fund positions in CP by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 30, 17 | Peverett Jane L | other | 303 |
| Jun 30, 17 | PAULL MATTHEW H | other | 393 |
| Jun 30, 17 | DENHAM GILLIAN H | other | 283 |
| Jun 30, 17 | TRAFTON GORDON T. II | other | 373 |
| Jun 30, 17 | Fatt William R. | other | 319 |
| Jun 30, 17 | Courville Isabelle | other | 159 |
| Jun 30, 17 | Baird John Russell | other | 282 |
| Jun 30, 17 | Reardon Andrew Fitzpatrick | other | 626 |
| Jun 30, 17 | MacDonald Ubavka Rebecca | other | 319 |
| Jun 30, 17 | Velani Nadeem | other | 13 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our CP coverage
Recent articles, reports, and earnings notes.
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CP Shares Decline 2.6% Since Second-Quarter 2026 Earnings Release
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Canadian Pacific Kansas City Q2 Earnings Call Highlights
marketbeat.com · Jul 29
Canadian Pacific Kansas City (CP) Reports Q2 Earnings: What Key Metrics Have to Say
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Canadian Pacific Kansas City (CP) Tops Q2 Earnings and Revenue Estimates
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
