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CP · Canadian Pacific Kansas City Ltd

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$94.15 -0.45 (-0.48%) At close · Nov 13
Market Cap
$81.87B
Shares
869.55M
Volume · Nov 13 1.43M Avg daily vol (3M) 2.25M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$94.15 Open$95.00 Day$93.76–95.31 52W close$68.88–96.69 Avg vol 30d2.3M Short int17.2M · 2.0% of shares · 6.6d Short vol51% Last earningsOct 28, 2026 DataJan 2020–Nov 2026 Filing10-Q · Oct 29

Up next

Jan 27, 2027 Est · unconfirmed · in 10 wks

Latest documents

2026
Oct 30
Current report 8-K Events of Oct 28
Other events

Canadian Pacific Kansas City Limited declared a quarterly dividend of $0.268 per share, payable January 25, 2027 to holders of record at the close of business on December 31, 2026.

Oct 29
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Quarterly report for FY2026 Q3

Canadian Pacific Kansas City Limited reported third-quarter 2026 revenues of $4,219 million, up 15%; core adjusted diluted EPS of $1.28, up 16%; and operating ratio of 64.8%, up 130 basis point from 63.5%.

Revenue 4.22B CAD ▲ 15.2% Net income 917M CAD ▼ 0.3% Diluted EPS 1.04 CAD ▲ 3.0%
Read from the MD&A section
Oct 28
Earnings call
Q3 2026 earnings call

CPKC reported third quarter revenues of $4.2 billion, 6% volume growth, a 61.9 operating ratio and 16% adjusted EPS growth. Year-to-date adjusted pre-cash flow rose 59% to $2.4 billion, while capital expenditures were $2 billion.

Oct 28
Current report 8-K
Financial results

Canadian Pacific Kansas City reported third-quarter 2026 revenues of $4.2 billion, up 15 percent, diluted EPS of $1.04 and core adjusted diluted EPS of $1.28, while remaining on track for a strong 2026.

Read from the first part of this long document
Sep 29
Current report 8-K Events of Sep 28
Other events

Canadian Pacific Kansas City Limited announced a C$1.8 billion Canadian debt offering by its wholly-owned subsidiary Canadian Pacific Railway Company, consisting of 4.20% notes due 2030, 4.60% notes due 2033, 4.90% notes due 2037 and 5.40% notes due 2056.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$11.54B
Trailing 12 months
Net income (TTM)
$2.78B
Trailing 12 months
Revenue growth YoY
+15.2%
Year over year
Operating margin
36.4%
Trailing 12 months
P / E (TTM)
30.2
Trailing earnings · reciprocal yield 3.3%
FCF yield
2.6%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$280.79M
Latest balance sheet
Dividend yield
0.6%
Trailing 12 months
Shares change YoY
-3.7%
Year over year · fewer shares
Price change (1Y)
+32.3%
Trailing year
Short interest
2.0%
Latest settlement · 6.6 days to cover
View all 125 metrics

AI Brief

Q2 FY26 earnings call · Jul 29, 2026
Q2 FY26

TL;DR. CPKC reported Q2 2026 revenue up 13% to $4.2 billion and core adjusted diluted EPS up 13% to $1.27 on 4% volume growth, while GAAP diluted EPS fell 14% to $1.15, and management reiterated confidence in delivering another year of double-digit core adjusted EPS growth and an acceleration in volumes and operating leverage in the second half of 2026.

Bullish
  • + Q2 revenue rose 13% to $4.2 billion on 4% volume growth, with record freight revenues (excluding fuel) and all-time record GTMs.
  • + Core adjusted diluted EPS grew 13% to $1.27 and operating income rose 10%, with management guiding to further sequential operating leverage and acceleration in the second half.
  • + Management reiterated a 2026 outlook for double-digit core adjusted earnings growth and mid-single-digit volume growth, supported by an expanding synergy run-rate toward $1.4–$1.5 billion.
  • + Year-to-date adjusted free cash was $1.3 billion, up 25% year over year, and the company returned $2.4 billion to shareholders in the first half.
  • + Grain set a Q2 record with revenue up 24% on 19% volume growth, and automotive posted a record quarter with revenue up 19% on 8% volume growth.
  • + Adjusted pre-cash up 25% and operating income up 10% despite cost headwinds, while full-year capex is tracking down 15% to $2.65 billion, supporting operating leverage.
Bearish
  • − GAAP diluted EPS fell 14% to $1.15 and reported operating ratio worsened 90 bps to 64.6%, reflecting higher fuel, casualty, and stock-based compensation costs.
  • − Coal volumes fell 29% and revenue dropped 18%, with management expecting coal to remain a headwind in the second half.
  • − Fuel expense rose 53% (49% FX-adjusted) on a 51% jump in diesel price, creating a ~130 bps headwind to OR.
  • − Casualty costs, stock-based compensation, and incentive comp drove a combined ~150 bps OR and ~5¢ EPS headwind versus a year ago, with management noting elevated casualty expense in the first half.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Strong Buy
SellHoldBuy
Technical Strong Buy Momentum Very Strong Sentiment Neutral Fundamentals Limited Quant / Vol Very Low
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Strong Buy
50 / 200-day cross No cross
Price vs 200-day avg +8%
above
Price vs 50-day avg +6%
above
RSI (14) 63
neutral
MACD trend Positive
52-week position 91%
near high
Momentum
relative strength
Very Strong
1-month return +8%
trailing
6-month return +6%
trailing
YTD return +28%
this year
Relative strength +5%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $89 › 200d $87 — 50d above 200d
Institutional flow Distributing
898 of 996 funds reported for Sep 30 · net -14.7M sh shares · +66 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
1.97% of shares out · ▼ -8.4% MoM · 6.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
996 holders — near 3-yr high, broad support
Squeeze score 61
elevated · 0–100
Fundamentals
Limited
Not enough data for a confident read.
Quant / Vol
risk profile
Very Low
Volatility 23%
annualized · 1-yr
Max drawdown −14%
past year
ATR 2.1%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the 8-K filed Jan 28, 2026
Core adjusted effective tax rate · 2026 Non-GAAP 24.75%
Other components of net periodic benefit recovery · 2026 $441M
Previous outlook earlier release · from the Earnings Call filed Oct 29, 2025

Still-open targets the latest release did not restate under the same label.

Earnings growth · versus a year ago 10% – 14%
Core adjusted effective tax rate · Q4 24.5%
EPS growth · full year at least 10%
Prior guidance period ended · from the Earnings Call filed Jul 29, 2026
Full-year capex · full-year $2.65B
Full-year core adjusted effective tax rate · full-year 24.75%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Strong Buy
0 · 2 · 4
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+8% Bullish
Price vs 50-day avg
+6% Bullish
RSI (14)
63 Neutral
MACD trend
Positive Bullish
52-week position
91% Bullish
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $89 › 200d $87 — 50d above 200d
Institutional flow Distributing
898 of 996 funds reported for Sep 30 · net -14.7M sh shares · +66 new
Insider flow Flat
No net insider activity over 90 days
Short interest Falling
1.97% of shares out · ▼ -8.4% MoM · 6.6 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
996 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $69 Now $94 · 91% Range high $97
vs 200-day avg +8% vs 50-day avg +6%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Automotive Carloads 64.6K three months ended June 30, 2026 filing —
Automotive Revenue ton-miles 1.53B three months ended June 30, 2026 filing —
Carloads 1.15M the three months ended June 30, 2026 filing —
Coal Carloads 94.4K three months ended June 30, 2026 filing —
Coal Freight revenue per carload $2,214 three months ended June 30, 2026 filing —
Coal Freight revenue per revenue ton-mile 4.82 three months ended June 30, 2026 filing —
Coal Revenue ton-miles 4.34B three months ended June 30, 2026 filing —
Core adjusted diluted EPS non-GAAP $1.27 the three months ended June 30, 2026 filing —
GAAP → non-GAAP reconciliation
GAAP Diluted EPS as reported $1.15
+$0 Gain on sale of equity investment
-$0.03 Acquisition-related costs
-$0.01 Advisory costs related to rail consolidation matters
-$0.11 KCS purchase accounting
-$0.03 Tax effect of adjustments
= Core adjusted diluted EPS $1.27
Core adjusted operating ratio non-GAAP 61.6% the three months ended June 30, 2026 filing —
Energy, Chemicals and Plastics Carloads 140.4K three months ended June 30, 2026 filing —
Energy, Chemicals and Plastics Freight revenue per carload $5,534 three months ended June 30, 2026 filing —
Energy, Chemicals and Plastics Revenue ton-miles 9.72B three months ended June 30, 2026 filing —
Fertilizers and Sulphur Carloads 16.1K three months ended June 30, 2026 filing —
Fertilizers and Sulphur Freight revenue per carload $6,832 three months ended June 30, 2026 filing —
Fertilizers and Sulphur Freight revenue per revenue ton-mile 8.96 three months ended June 30, 2026 filing —
Fertilizers and Sulphur Revenue ton-miles 1.23B three months ended June 30, 2026 filing —
Forest Products Carloads 31.1K three months ended June 30, 2026 filing —
Forest Products Freight revenue per carload $6,367 three months ended June 30, 2026 filing —
Forest Products Freight revenue per revenue ton-mile 9.02 three months ended June 30, 2026 filing —
Forest Products Revenue ton-miles 2.19B three months ended June 30, 2026 filing —
Freight revenue per carload $3,558 the three months ended June 30, 2026 filing —
Freight revenue per revenue ton-mile 7.1 the three months ended June 30, 2026 filing —
Fuel efficiency (U.S. gallons of locomotive fuel consumed / 1,000 GTMs) 0.99 the three months ended June 30, 2026 filing —
Fuel surcharge revenues $608M three months ended June 30, 2026 filing —
Grain Carloads 168K three months ended June 30, 2026 filing —
Grain Freight revenue per carload $5,506 three months ended June 30, 2026 filing —
Grain Freight revenue per revenue ton-mile 5.19 three months ended June 30, 2026 filing —
Grain Revenue ton-miles 17.81B three months ended June 30, 2026 filing —
Gross ton-miles ("GTMs") 107.59B the three months ended June 30, 2026 filing —
Intermodal Carloads 454.7K three months ended June 30, 2026 filing —
Intermodal Revenue ton-miles 10.3B three months ended June 30, 2026 filing —
Metals, Minerals and Consumer Products Carloads 134.1K three months ended June 30, 2026 filing —
Metals, Minerals and Consumer Products Revenue ton-miles 5.25B three months ended June 30, 2026 filing —
Operating ratio 64.6% three months ended June 30, 2026 filing —
Potash Carloads 45.7K three months ended June 30, 2026 filing —
Potash Freight revenue per carload $4,026 three months ended June 30, 2026 filing —
Potash Freight revenue per revenue ton-mile 3.53 three months ended June 30, 2026 filing —
Potash Revenue ton-miles 5.22B three months ended June 30, 2026 filing —
Revenue ton-miles 57.58B the three months ended June 30, 2026 filing —
Total employees (average) 19,835 the three months ended June 30, 2026 filing —
Train miles 12.39M the three months ended June 30, 2026 filing —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Railroads — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
CP
Canadian Pacific Kansas City Ltd
this stock
$81.87B +27.9% — — 2.0%
UNP
Union Pacific Corp
$179.73B +30.7% -10.0% 23.6 5.1%
CSX
Csx Corp
$95.95B +43.6% +17.6% 27.0 2.0%
CNI
Canadian National Railway Co
$76.27B +28.7% — — 0.7%
NSC
Norfolk Southern Corp
$73.65B +13.6% +6.7% 27.5 2.6%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
1,012
% held
69.4%
Reported
898 of 996
Top holder
ROYAL BANK OF CANADA
Held Float
View
Held by Funds
Fund positions
407
View
Short & Settlement
Short Interest Falling
Shares short
17.2M
Days to cover
6.6d
Change
-1.6M sh
View
Short Volume
Short vol %
51%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
20
Value
$1.7K
As of
Oct 13, 2026
View
Off-Exchange
Off-exchange %
43.6%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Congressional Trades Buy
Member
Gilbert Cisneros
Amount
$1.0K–$15.0K
Traded
Jan 20, 2026
View
Financials
Financials
Revenue (FY)
CAD 15.1B
Net income (FY)
CAD 4.1B
EPS diluted
CAD 4.51
View
Buybacks
Authorized
shares 44.9M
View
Filings
SEC Filings
Latest
8-K
Filed
Oct 30, 2026
This year
24

Canadian Pacific Kansas City Limited declared a quarterly dividend of $0.268 per share, payable January 25, 2027 to holders of record at the close of business on December 31, 2026.

View
Proposed Sales
Value
$14.3M
Shares
150.3K
Filed
Nov 13, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 17, 2026
Last webcast
Oct 28, 2026
View
Investor Relations
Latest news
CPKC sets new October grain recor…
Published
Nov 3, 2026
Upcoming events
2
View

Performance

5D 20D 120D MTD YTD
CP +2.2% +7.8% +5.6% +5.0% +27.9%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -0.4% +8.9% +5.1% +5.2% +17.3%

Capital returns

Latest dividend
$0.19 / share · ex Sep 25, 2026
Raised 0.5%
Paid (TTM)
$0.544 / share · 3 payouts
Dividend yield (TTM, derived)
0.58%
Full dividend history
Buyback program · as of Feb 2, 2026
Authorized
shares 44.90M
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 16875 CUSIP 13646K108 13F (30d) 789 filings 734 filers Visit website Investor relations