Canadian Pacific Kansas City Ltd.

CP · NYSE · ·

Compare

$93.770.0%Nov 11 close

Figures through September 30, 2026, from the 10-Q filed October 29, 2026

1W: +1.7%
1M: +9.4%

Canadian Pacific Kansas City Ltd. (CP) stock — is it a good business? — InspectStocks

Canadian Pacific Kansas City Ltd.

CP · NYSE · ·

Compare

$93.770.0%Nov 11 close

Figures through September 30, 2026, from the 10-Q filed October 29, 2026

1W: +1.7%
1M: +9.4%

Just reported

Q3 2026 results

From Canadian Pacific Kansas City's results release of October 28, 2026; its quarterly report has since been filed.

Revenue
Actual
$4.22B
+15% y/y
+1.3% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$1.04
+3.0% y/y
-9.6% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$1.49B
+11% y/y
+1.0% q/q
Guided
—
No guide given

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

How it makes money

Cargo and freight transportation98%
Non-freight revenue2%

Shares of revenue are estimates for year ended 2025-12-31, not figures from a filing.

Competes with

CNICanadian National Railway
B
Size
$78.4B
Margin
26.4%
UNPUnion Pacific
A
Size
$179.5B
Margin
28.9%
NSCNorfolk Southern
B
Size
$74.2B
Margin
20.7%
CSXCSX
A
Size
$95.7B
Margin
24.0%
BRK.BBNSF Railway (a division of Berkshire Hathaway)

What it sells3

Bulk freight
Rail transport for large loads such as grain, coal, potash, fertilizer and sulphur, often moving in dedicated trains from mines or growing regions to ports and other destinations.
Merchandise freight
Rail transport for goods including lumber, chemicals, plastics, fuel, steel, building materials, food and finished vehicles.
Intermodal freight
Transport of goods in containers that travel by train and truck, and for international shipments also by ship, between ports and inland destinations.

Who buys it5

Grain growers, grain handlers and exporters pay to move crops and processed grain to ports and domestic markets.
Mines, fertilizer producers and commodity marketers pay to move coal, potash, fertilizer and sulphur to ports and end users.
Energy, chemical and plastics producers, refiners and industrial manufacturers pay to move fuels, chemicals, plastics, metals and building materials.

Show 2 more

Automakers pay to move finished vehicles and parts between factories and markets; vehicles are also carried to dealer-delivery facilities.
Retailers and manufacturers pay to move containerized goods. CPKC sells directly to many Canadian customers and works mainly through intermodal marketing companies in the United States and Mexico.

What it stands on, and what could break it

What the business leans on

1Freight service depends on maintaining and operating its railway tracks, locomotives, freight cars, terminals and supporting technology across its network.
2Shipments that extend beyond CPKC track rely on connecting railways, ports, trucking companies and shipping lines.
3The company depends on key suppliers of railway equipment and materials; shortages or price changes can affect operations and costs.
4Freight volumes depend on production, harvests, trade flows and demand in markets such as grain, coal, potash, energy and vehicle manufacturing.
5Its Mexican railway operations rely on a government concession that provides freight-service rights through 2037 and use of railway assets under a concession running to 2047 (terms reported in 2025, high).

What could go wrong

1A derailment or other accident involving dangerous goods could harm people or the environment and lead to claims, cleanup costs and operating disruption.
2Railway operations are subject to extensive rules in Canada, the United States and Mexico; changes or enforcement can affect service, costs and rates. The Mexican subsidiary could lose its concession in specified circumstances.
3Severe weather, labor stoppages, connecting-carrier problems or shortages of railway equipment and materials can disrupt freight service and increase operating costs.

Full financial statements →

About Canadian Pacific Kansas City Ltd.

CPKC moves freight on a railway network of approximately 20,000 miles (2025, high) across Canada, the United States and Mexico. Its trains carry bulk goods such as grain and potash, manufactured goods such as chemicals and vehicles, and containers filled with retail goods. It also earns revenue from asset leasing and services connected to passenger trains and railway access.

Head office: Calgary, Alberta, Canada
Founded: 2001 (incorporated)
Employees: 19,857 (Q3 2026 average, high)
Listed on: New York Stock Exchange (NYSE)
Financial year ends: December 31

Built from Canadian Pacific Kansas City Ltd.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This company files in CAD. Figures are converted to US dollars at $1.00 = 1.4249 CAD, the current rate, applied to every period alike — so growth and margins are the company’s own and not the exchange rate’s. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Canadian Pacific Kansas City's results release of October 28, 2026; its quarterly report has since been filed.

Revenue
Actual
$4.22B
+15% y/y
+1.3% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$1.04
+3.0% y/y
-9.6% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$1.49B
+11% y/y
+1.0% q/q
Guided
—
No guide given

Keep exploring

The themes Canadian Pacific Kansas City is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Railroads

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Industrials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Cargo and freight transportation98%
Non-freight revenue2%

Shares of revenue are estimates for year ended 2025-12-31, not figures from a filing.

Competes with

CNICanadian National Railway
B
Size
$78.4B
Margin
26.4%
UNPUnion Pacific
A
Size
$179.5B
Margin
28.9%
NSCNorfolk Southern
B
Size
$74.2B
Margin
20.7%
CSXCSX
A
Size
$95.7B
Margin
24.0%
BRK.BBNSF Railway (a division of Berkshire Hathaway)

What it sells3

Bulk freight
Rail transport for large loads such as grain, coal, potash, fertilizer and sulphur, often moving in dedicated trains from mines or growing regions to ports and other destinations.
Merchandise freight
Rail transport for goods including lumber, chemicals, plastics, fuel, steel, building materials, food and finished vehicles.
Intermodal freight
Transport of goods in containers that travel by train and truck, and for international shipments also by ship, between ports and inland destinations.

Who buys it5

Grain growers, grain handlers and exporters pay to move crops and processed grain to ports and domestic markets.
Mines, fertilizer producers and commodity marketers pay to move coal, potash, fertilizer and sulphur to ports and end users.
Energy, chemical and plastics producers, refiners and industrial manufacturers pay to move fuels, chemicals, plastics, metals and building materials.

Show 2 more

Automakers pay to move finished vehicles and parts between factories and markets; vehicles are also carried to dealer-delivery facilities.
Retailers and manufacturers pay to move containerized goods. CPKC sells directly to many Canadian customers and works mainly through intermodal marketing companies in the United States and Mexico.

What it stands on, and what could break it

What the business leans on

1Freight service depends on maintaining and operating its railway tracks, locomotives, freight cars, terminals and supporting technology across its network.
2Shipments that extend beyond CPKC track rely on connecting railways, ports, trucking companies and shipping lines.
3The company depends on key suppliers of railway equipment and materials; shortages or price changes can affect operations and costs.
4Freight volumes depend on production, harvests, trade flows and demand in markets such as grain, coal, potash, energy and vehicle manufacturing.
5Its Mexican railway operations rely on a government concession that provides freight-service rights through 2037 and use of railway assets under a concession running to 2047 (terms reported in 2025, high).

What could go wrong

1A derailment or other accident involving dangerous goods could harm people or the environment and lead to claims, cleanup costs and operating disruption.
2Railway operations are subject to extensive rules in Canada, the United States and Mexico; changes or enforcement can affect service, costs and rates. The Mexican subsidiary could lose its concession in specified circumstances.
3Severe weather, labor stoppages, connecting-carrier problems or shortages of railway equipment and materials can disrupt freight service and increase operating costs.

Full financial statements →

About Canadian Pacific Kansas City Ltd.

Head office: Calgary, Alberta, Canada
Founded: 2001 (incorporated)
Employees: 19,857 (Q3 2026 average, high)
Listed on: New York Stock Exchange (NYSE)
Financial year ends: December 31

Canadian Pacific Kansas City Ltd.

Canadian Pacific Kansas City Ltd.

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

How it makes money

Competes with

What it sells3

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Canadian Pacific Kansas City Ltd.

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Keep exploring

The theme it is part of

Highest-graded in Railroads

Grade rose recently in Industrials

How it makes money

Competes with

What it sells3

Who buys it5

What it stands on, and what could break it

What the business leans on

What could go wrong

About Canadian Pacific Kansas City Ltd.

Keep exploring

The theme it is part of

Highest-graded in Railroads

Grade rose recently in Industrials

Freight: rail, parcel & trucking

Growth & cash — 5 of 5

Business trend

Share price and grade over time