CANADIAN PACIFIC KANSAS CITY LTD/CNCPEarnings & Financial Report
The Canadian National Railway Company is a Canadian Class I freight railway headquartered in Montreal, Quebec, which serves Canada and the Midwestern and Southern United States. It is one of Canada's two main freight rail companies, along with Canadian Pacific Kansas City.
CP Q4 2025 Key Financial Metrics
Revenue
$2.8B
Gross Profit
N/A
Operating Profit
$1.2B
Net Profit
$786.2M
Gross Margin
N/A
Operating Margin
41.4%
Net Margin
27.7%
YoY Growth
1.3%
Financial Flow
CANADIAN PACIFIC KANSAS CITY LTD/CN Q4 2025 Financial Summary
CANADIAN PACIFIC KANSAS CITY LTD/CN reported revenue of $2.8B (up 1.3% YoY) for Q4 2025, with a net profit of $786.2M (down 10.3% YoY) (27.7% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $2.8B |
|---|---|
| Net Profit | $786.2M |
| Gross Margin | N/A |
| Operating Margin | 41.4% |
| Report Period | Q4 2025 |
CANADIAN PACIFIC KANSAS CITY LTD/CN Annual Revenue by Year
CANADIAN PACIFIC KANSAS CITY LTD/CN annual revenue history includes year-by-year totals (for example, 2025 revenue was $10.9B). Click any linked year to see what changed vs the prior 10-K.
CANADIAN PACIFIC KANSAS CITY LTD/CN Quarterly Revenue & Net Profit History
CANADIAN PACIFIC KANSAS CITY LTD/CN quarterly results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $2.8B | +1.3% | $786.2M | 27.7% |
| Q3 2025 | $2.7B | +3.7% | $671.6M | 25.3% |
| Q2 2025 | $2.7B | +2.7% | $900.8M | 33.6% |
| Q1 2025 | $2.8B | +8.0% | $664.3M | 24.2% |
| Q4 2024 | $2.8B | +2.4% | $876.7M | 31.2% |
| Q3 2024 | $2.6B | +6.0% | $611.0M | 23.9% |
| Q2 2024 | $2.6B | +13.9% | $660.6M | 25.3% |
| Q1 2024 | $2.5B | +55.5% | $565.8M | 22.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.55B | $2.61B | $2.56B | $2.81B | $2.75B | $2.68B | $2.65B | $2.84B |
| YoY Growth | 55.5% | 13.9% | 6.0% | 2.4% | 8.0% | 2.7% | 3.7% | 1.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $59.62B | $60.44B | $60.02B | $64.05B | $64.27B | $62.18B | $63.28B | $62.74B |
| Liabilities | $27.67B | $27.72B | $27.12B | $28.36B | $28.32B | $27.76B | $29.22B | $28.56B |
| Equity | $31.26B | $32.03B | $32.22B | $34.96B | $35.22B | $33.73B | $33.36B | $33.49B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $741.0M | $932.9M | $928.6M | $1.24B | $843.9M | $989.1M | $930.0M | $1.11B |