Canadian Pacific Kansas City Ltd. (CP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 3.7B | 3.92B | 3.66B | 3.7B | 3.79B | 3.87B | 3.55B | 3.6B | 3.52B | 3.78B | 3.34B | 3.17B | 2.27B | 2.46B | 2.31B | 2.2B | 1.84B | 2.04B | 1.94B | 2.05B |
| Revenue Growth % | -2.48% | 1.26% | 3.16% | 2.66% | 7.81% | 2.6% | 6.29% | 13.52% | 55.34% | 53.37% | 44.42% | 44.14% | 23.29% | 20.69% | 19.05% | 7.21% | -6.18% | 1.39% | 4.24% | 14.62% |
| Cost of Goods Sold | 2.44B | 2.48B | 1.15B | 1.74B | 1.85B | 1.78B | 1.75B | 1.75B | 1.79B | 1.62B | 1.63B | 1.62B | 1.11B | 1.04B | 1.03B | 968M | 937M | 835M | 825M | 839M |
| COGS % of Revenue | 66.01% | 63.14% | 31.36% | 46.96% | 48.77% | 45.92% | 49.28% | 48.49% | 50.85% | 42.9% | 48.82% | 51.07% | 49.16% | 42.36% | 44.46% | 43.96% | 50.98% | 40.93% | 42.48% | 40.85% |
| Gross Profit | 1.26B | 1.45B | 2.51B | 1.96B | 1.94B | 2.1B | 1.8B | 1.86B | 1.73B | 2.16B | 1.71B | 1.55B | 1.15B | 1.42B | 1.28B | 1.23B | 901M | 1.21B | 1.12B | 1.22B |
| Gross Margin % | 33.99% | 36.86% | 68.64% | 53.04% | 51.23% | 54.08% | 50.72% | 51.51% | 49.15% | 57.1% | 51.18% | 48.93% | 50.84% | 57.64% | 55.54% | 56.04% | 49.02% | 59.07% | 57.52% | 59.15% |
| Gross Profit Growth % | -35.29% | -30.98% | 39.61% | 5.71% | 12.37% | -2.83% | 5.32% | 19.51% | 50.17% | 51.94% | 33.1% | 25.85% | 27.86% | 17.76% | 14.95% | 1.56% | -21.24% | 8.07% | 2.67% | 12.29% |
| Operating Expenses | 0 | -167M | 1.18B | 619M | 627M | 535M | 597M | 589M | 581M | 714M | 536M | 609M | 323M | 430M | 347M | 366M | 366M | 373M | 343M | 395M |
| OpEx % of Revenue | - | -4.26% | 32.15% | 16.73% | 16.52% | 13.81% | 16.82% | 16.35% | 16.51% | 18.91% | 16.05% | 19.19% | 14.25% | 17.47% | 15.01% | 16.62% | 19.91% | 18.28% | 17.66% | 19.23% |
| Selling, General & Admin | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 1.26B | 1.61B | 1.34B | 1.34B | 1.32B | 1.56B | 1.2B | 1.27B | 1.15B | 1.44B | 1.17B | 944M | 829M | 989M | 937M | 868M | 535M | 832M | 774M | 820M |
| Operating Margin % | 33.99% | 41.12% | 36.49% | 36.31% | 34.7% | 40.27% | 33.9% | 35.17% | 32.64% | 38.19% | 35.13% | 29.74% | 36.58% | 40.17% | 40.53% | 39.42% | 29.11% | 40.78% | 39.86% | 39.92% |
| Operating Income Growth % | -4.48% | 3.4% | 11.06% | 6% | 14.62% | 8.18% | 2.56% | 34.22% | 38.6% | 45.8% | 25.19% | 8.76% | 54.95% | 18.87% | 21.06% | 5.85% | -31.41% | -10.34% | -0.64% | 6.49% |
| EBITDA | 1.77B | 2.13B | 1.84B | 1.84B | 1.82B | 2.05B | 1.68B | 1.74B | 1.62B | 1.9B | 1.62B | 1.35B | 1.05B | 1.21B | 1.15B | 1.08B | 745M | 1.04B | 977M | 1.02B |
| EBITDA Margin % | 47.82% | 54.35% | 50.23% | 49.63% | 47.98% | 52.87% | 47.2% | 48.29% | 45.91% | 50.29% | 48.64% | 42.66% | 46.51% | 49.07% | 49.74% | 49% | 40.53% | 50.88% | 50.31% | 49.66% |
| EBITDA Growth % | -2.8% | 4.1% | 9.79% | 5.52% | 12.69% | 7.85% | 3.14% | 28.51% | 53.32% | 57.2% | 41.22% | 25.49% | 41.48% | 16.38% | 17.71% | 5.78% | -24.13% | -7.73% | 0.31% | 5.7% |
| D&A (Non-Cash Add-back) | 512M | 519M | 503M | 493M | 504M | 488M | 472M | 473M | 467M | 457M | 451M | 410M | 225M | 219M | 213M | 211M | 210M | 206M | 203M | 200M |
| EBIT | 1.35B | 1.71B | 1.44B | 1.8B | 1.42B | 1.65B | 1.29B | 1.4B | 1.24B | 1.5B | 1.25B | -6.14B | 1.12B | 1.54B | 1.25B | 1.17B | 835M | 814M | 745M | 1.6B |
| Net Interest Income | -228M | -229.29M | -222M | -208M | -216M | -203M | -192M | -200M | -206M | -206M | -207M | -204M | -154M | -166M | -166M | -160M | -160M | -125M | -104M | -101M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 228M | 230M | 222M | 208M | 216M | 203M | 192M | 200M | 206M | 206M | 207M | 204M | 154M | 166M | 166M | 160M | 160M | 125M | 104M | 101M |
| Other Income/Expense | -138M | -136M | -123M | 248M | -116M | -115M | -104M | -72M | -116M | -149M | -135M | -7.29B | 134M | 384M | 150M | 142M | 140M | -149M | -133M | 683M |
| Pretax Income | 1.12B | 1.48B | 1.21B | 1.59B | 1.2B | 1.45B | 1.1B | 1.2B | 1.03B | 1.29B | 1.04B | -6.35B | 963M | 1.37B | 1.09B | 1.01B | 675M | 683M | 641M | 1.5B |
| Pretax Margin % | 30.26% | 37.65% | 33.13% | 43.01% | 31.65% | 37.3% | 30.97% | 33.17% | 29.35% | 34.24% | 31.09% | -199.97% | 42.5% | 55.77% | 47.02% | 45.87% | 36.72% | 33.48% | 33.01% | 73.17% |
| Income Tax | 275M | 400M | 296M | 357M | 292M | 246M | 262M | 292M | 259M | 275M | 258M | -7.67B | 163M | 102M | 196M | 245M | 85M | 151M | 169M | 257M |
| Effective Tax Rate % | 24.55% | 27.08% | 24.4% | 22.44% | 24.31% | 17.02% | 23.84% | 24.44% | 25.07% | 21.27% | 24.86% | 120.88% | 16.93% | 7.43% | 18.03% | 24.26% | 12.59% | 22.11% | 26.37% | 17.1% |
| Net Income | 846M | 1.08B | 920M | 1.23B | 910M | 1.2B | 837M | 905M | 775M | 1.02B | 780M | 1.32B | 800M | 1.27B | 891M | 765M | 590M | 532M | 472M | 1.25B |
| Net Margin % | 22.86% | 27.45% | 25.13% | 33.36% | 23.98% | 31% | 23.58% | 25.12% | 22.02% | 27.09% | 23.36% | 41.71% | 35.3% | 51.62% | 38.54% | 34.74% | 32.1% | 26.08% | 24.3% | 60.66% |
| Net Income Growth % | -7.03% | -10.32% | 9.92% | 36.35% | 17.42% | 17.4% | 7.31% | -31.65% | -3.13% | -19.51% | -12.46% | 73.07% | 35.59% | 138.91% | 88.77% | -38.6% | -1.99% | -33.67% | -21.07% | 96.22% |
| Net Income (Continuing) | 845M | 1.08B | 917M | 1.23B | 909M | 1.2B | 837M | 903M | 774M | 1.02B | 780M | 1.32B | 800M | 1.27B | 891M | 765M | 590M | 532M | 472M | 1.25B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 692.32M | 948M | 690M | 943M | 997M | 998M | 937M | 951M | 942M | 919M | 945M | 925M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.94 | 1.20 | 1.01 | 1.33 | 0.97 | 1.28 | 0.89 | 0.97 | 0.83 | 1.10 | 0.84 | 1.42 | 0.86 | 1.36 | 0.96 | 0.82 | 0.63 | 0.74 | 0.70 | 1.86 |
| EPS Growth % | -3.09% | -6.25% | 13.48% | 37.11% | 16.87% | 16.36% | 5.95% | -31.69% | -3.49% | -19.12% | -12.5% | 73.17% | 36.51% | 83.78% | 37.14% | -55.91% | -30% | -37.82% | -20.45% | 100% |
| EPS (Basic) | 0.94 | 1.19 | 1.01 | 1.34 | 0.98 | 1.29 | 0.90 | 0.97 | 0.83 | 1.10 | 0.84 | 1.42 | 0.86 | 1.37 | 0.96 | 0.82 | 0.63 | 0.74 | 0.71 | 1.87 |
| Diluted Shares Outstanding | 897.3M | 917.1M | 911.4M | 924.8M | 934.3M | 934.8M | 935.3M | 934.6M | 934.4M | 933.8M | 933.9M | 933.8M | 933.5M | 933.2M | 932.9M | 932.6M | 932.7M | 721.3M | 669.8M | 669.9M |
| Basic Shares Outstanding | 896.8M | 916.2M | 910.4M | 923.8M | 933.2M | 933.4M | 933.2M | 932.8M | 932.4M | 931.8M | 931.5M | 931.2M | 930.7M | 930.3M | 930M | 929.9M | 929.7M | 718.4M | 666.9M | 666.7M |
| Dividend Payout Ratio | 17.34% | 18.94% | 22.28% | 17.02% | 19.45% | 14.74% | 21.15% | 19.67% | 22.84% | 17.3% | 22.69% | 13.29% | 22.13% | 13.93% | 19.87% | 23.01% | 30% | 23.87% | 26.91% | 10.11% |