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Side-by-side financial comparison of CANADIAN PACIFIC KANSAS CITY LTD (CP) and Cintas (CTAS). Click either name above to swap in a different company.

CANADIAN PACIFIC KANSAS CITY LTD is the larger business by last-quarter revenue ($2.8B vs $2.8B, roughly 1.0× Cintas). CANADIAN PACIFIC KANSAS CITY LTD runs the higher net margin — 27.7% vs 17.7%, a 10.0% gap on every dollar of revenue. On growth, Cintas posted the faster year-over-year revenue change (9.3% vs 1.3%). CANADIAN PACIFIC KANSAS CITY LTD produced more free cash flow last quarter ($537.3M vs $425.0M). Over the past eight quarters, Cintas's revenue compounded faster (7.9% CAGR vs 5.6%).

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.

Cintas Corporation is an American corporation headquartered in Mason, Ohio, which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the S&P 500 Index.

CP vs CTAS — Head-to-Head

Bigger by revenue
CP
CP
1.0× larger
CP
$2.8B
$2.8B
CTAS
Growing faster (revenue YoY)
CTAS
CTAS
+8.0% gap
CTAS
9.3%
1.3%
CP
Higher net margin
CP
CP
10.0% more per $
CP
27.7%
17.7%
CTAS
More free cash flow
CP
CP
$112.3M more FCF
CP
$537.3M
$425.0M
CTAS
Faster 2-yr revenue CAGR
CTAS
CTAS
Annualised
CTAS
7.9%
5.6%
CP

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CP
CP
CTAS
CTAS
Revenue
$2.8B
$2.8B
Net Profit
$786.2M
$495.3M
Gross Margin
50.4%
Operating Margin
41.4%
23.4%
Net Margin
27.7%
17.7%
Revenue YoY
1.3%
9.3%
Net Profit YoY
-10.3%
10.4%
EPS (diluted)
$1.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CP
CP
CTAS
CTAS
Q4 25
$2.8B
$2.8B
Q3 25
$2.7B
$2.7B
Q2 25
$2.7B
$2.7B
Q1 25
$2.8B
$2.6B
Q4 24
$2.8B
$2.6B
Q3 24
$2.6B
$2.5B
Q2 24
$2.6B
$2.5B
Q1 24
$2.5B
$2.4B
Net Profit
CP
CP
CTAS
CTAS
Q4 25
$786.2M
$495.3M
Q3 25
$671.6M
$491.1M
Q2 25
$900.8M
$448.3M
Q1 25
$664.3M
$463.5M
Q4 24
$876.7M
$448.5M
Q3 24
$611.0M
$452.0M
Q2 24
$660.6M
$414.3M
Q1 24
$565.8M
$397.6M
Gross Margin
CP
CP
CTAS
CTAS
Q4 25
50.4%
Q3 25
50.3%
Q2 25
49.7%
Q1 25
50.6%
Q4 24
49.8%
Q3 24
50.1%
Q2 24
Q1 24
Operating Margin
CP
CP
CTAS
CTAS
Q4 25
41.4%
23.4%
Q3 25
36.8%
22.7%
Q2 25
36.6%
22.4%
Q1 25
35.0%
23.4%
Q4 24
40.6%
23.1%
Q3 24
34.3%
22.4%
Q2 24
35.4%
22.2%
Q1 24
32.9%
21.6%
Net Margin
CP
CP
CTAS
CTAS
Q4 25
27.7%
17.7%
Q3 25
25.3%
18.1%
Q2 25
33.6%
16.8%
Q1 25
24.2%
17.8%
Q4 24
31.2%
17.5%
Q3 24
23.9%
18.1%
Q2 24
25.3%
16.8%
Q1 24
22.2%
16.5%
EPS (diluted)
CP
CP
CTAS
CTAS
Q4 25
$1.21
Q3 25
$1.20
Q2 25
$1.08
Q1 25
$1.13
Q4 24
$1.09
Q3 24
$1.10
Q2 24
$4.00
Q1 24
$3.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CP
CP
CTAS
CTAS
Cash + ST InvestmentsLiquidity on hand
$134.3M
$200.8M
Total DebtLower is stronger
$14.6B
$2.4B
Stockholders' EquityBook value
$33.5B
$4.5B
Total Assets
$62.7B
$10.1B
Debt / EquityLower = less leverage
0.43×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CP
CP
CTAS
CTAS
Q4 25
$134.3M
$200.8M
Q3 25
$300.0M
$138.1M
Q2 25
$583.3M
$264.0M
Q1 25
$507.4M
$243.4M
Q4 24
$539.5M
$122.4M
Q3 24
$338.0M
$101.4M
Q2 24
$406.6M
$342.0M
Q1 24
$378.9M
$128.5M
Total Debt
CP
CP
CTAS
CTAS
Q4 25
$14.6B
$2.4B
Q3 25
$15.8B
$2.4B
Q2 25
$15.5B
$2.4B
Q1 25
$15.4B
$2.0B
Q4 24
$14.5B
$2.0B
Q3 24
$13.7B
$2.0B
Q2 24
$13.8B
$2.0B
Q1 24
$13.7B
$2.5B
Stockholders' Equity
CP
CP
CTAS
CTAS
Q4 25
$33.5B
$4.5B
Q3 25
$33.4B
$4.8B
Q2 25
$33.7B
$4.7B
Q1 25
$35.2B
$4.6B
Q4 24
$35.0B
$4.3B
Q3 24
$32.2B
$4.0B
Q2 24
$32.0B
$4.3B
Q1 24
$31.3B
$4.2B
Total Assets
CP
CP
CTAS
CTAS
Q4 25
$62.7B
$10.1B
Q3 25
$63.3B
$9.8B
Q2 25
$62.2B
$9.8B
Q1 25
$64.3B
$9.6B
Q4 24
$64.1B
$9.4B
Q3 24
$60.0B
$9.1B
Q2 24
$60.4B
$9.2B
Q1 24
$59.6B
$9.0B
Debt / Equity
CP
CP
CTAS
CTAS
Q4 25
0.43×
0.54×
Q3 25
0.47×
0.51×
Q2 25
0.46×
0.52×
Q1 25
0.44×
0.44×
Q4 24
0.41×
0.47×
Q3 24
0.42×
0.50×
Q2 24
0.43×
0.47×
Q1 24
0.44×
0.58×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CP
CP
CTAS
CTAS
Operating Cash FlowLast quarter
$1.1B
$531.2M
Free Cash FlowOCF − Capex
$537.3M
$425.0M
FCF MarginFCF / Revenue
18.9%
15.2%
Capex IntensityCapex / Revenue
20.2%
3.8%
Cash ConversionOCF / Net Profit
1.42×
1.07×
TTM Free Cash FlowTrailing 4 quarters
$1.6B
$1.8B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CP
CP
CTAS
CTAS
Q4 25
$1.1B
$531.2M
Q3 25
$930.0M
$414.5M
Q2 25
$989.1M
$635.7M
Q1 25
$843.9M
$622.0M
Q4 24
$1.2B
$441.4M
Q3 24
$928.6M
$466.7M
Q2 24
$932.9M
$693.0M
Q1 24
$741.0M
$657.1M
Free Cash Flow
CP
CP
CTAS
CTAS
Q4 25
$537.3M
$425.0M
Q3 25
$302.2M
$312.5M
Q2 25
$446.8M
$521.1M
Q1 25
$324.9M
$522.1M
Q4 24
$702.3M
$340.0M
Q3 24
$382.5M
$373.8M
Q2 24
$343.1M
$591.1M
Q1 24
$356.2M
$550.1M
FCF Margin
CP
CP
CTAS
CTAS
Q4 25
18.9%
15.2%
Q3 25
11.4%
11.5%
Q2 25
16.7%
19.5%
Q1 25
11.8%
20.0%
Q4 24
25.0%
13.3%
Q3 24
15.0%
14.9%
Q2 24
13.1%
23.9%
Q1 24
14.0%
22.9%
Capex Intensity
CP
CP
CTAS
CTAS
Q4 25
20.2%
3.8%
Q3 25
23.7%
3.8%
Q2 25
20.2%
4.3%
Q1 25
18.9%
3.8%
Q4 24
19.3%
4.0%
Q3 24
21.4%
3.7%
Q2 24
22.6%
4.1%
Q1 24
15.1%
4.4%
Cash Conversion
CP
CP
CTAS
CTAS
Q4 25
1.42×
1.07×
Q3 25
1.38×
0.84×
Q2 25
1.10×
1.42×
Q1 25
1.27×
1.34×
Q4 24
1.42×
0.98×
Q3 24
1.52×
1.03×
Q2 24
1.41×
1.67×
Q1 24
1.31×
1.65×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CP
CP

Segment breakdown not available.

CTAS
CTAS

Uniform Rental And Facility Services Segment$2.2B77%
First Aid And Safety Services Segment$342.2M12%
Fire Protection Services$222.5M8%
Uniform Direct Sales$79.8M3%

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