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

eBay Inc. is the larger business by last-quarter revenue ($3.0B vs $2.8B, roughly 1.0× CANADIAN PACIFIC KANSAS CITY LTD). CANADIAN PACIFIC KANSAS CITY LTD runs the higher net margin — 27.7% vs 17.8%, a 9.9% gap on every dollar of revenue. On growth, eBay Inc. posted the faster year-over-year revenue change (15.0% vs 1.3%). CANADIAN PACIFIC KANSAS CITY LTD produced more free cash flow last quarter ($537.3M vs $478.0M). Over the past eight quarters, eBay Inc.'s revenue compounded faster (7.7% 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.

eBay Inc. is an American multinational e-commerce company based in San Jose, California, that allows users to buy or view items via retail sales through online marketplaces and websites in 190 markets worldwide. Sales occur either via online auctions or "buy it now" instant sales, and the company charges commissions to sellers upon sales. eBay was founded by Pierre Omidyar in September 1995.

CP vs EBAY — Head-to-Head

Bigger by revenue
EBAY
EBAY
1.0× larger
EBAY
$3.0B
$2.8B
CP
Growing faster (revenue YoY)
EBAY
EBAY
+13.7% gap
EBAY
15.0%
1.3%
CP
Higher net margin
CP
CP
9.9% more per $
CP
27.7%
17.8%
EBAY
More free cash flow
CP
CP
$59.3M more FCF
CP
$537.3M
$478.0M
EBAY
Faster 2-yr revenue CAGR
EBAY
EBAY
Annualised
EBAY
7.7%
5.6%
CP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CP
CP
EBAY
EBAY
Revenue
$2.8B
$3.0B
Net Profit
$786.2M
$528.0M
Gross Margin
71.4%
Operating Margin
41.4%
20.3%
Net Margin
27.7%
17.8%
Revenue YoY
1.3%
15.0%
Net Profit YoY
-10.3%
-22.2%
EPS (diluted)
$1.14

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
EBAY
EBAY
Q4 25
$2.8B
$3.0B
Q3 25
$2.7B
$2.8B
Q2 25
$2.7B
$2.7B
Q1 25
$2.8B
$2.6B
Q4 24
$2.8B
$2.6B
Q3 24
$2.6B
$2.6B
Q2 24
$2.6B
$2.6B
Q1 24
$2.5B
$2.6B
Net Profit
CP
CP
EBAY
EBAY
Q4 25
$786.2M
$528.0M
Q3 25
$671.6M
$632.0M
Q2 25
$900.8M
$368.0M
Q1 25
$664.3M
$503.0M
Q4 24
$876.7M
$679.0M
Q3 24
$611.0M
$634.0M
Q2 24
$660.6M
$224.0M
Q1 24
$565.8M
$438.0M
Gross Margin
CP
CP
EBAY
EBAY
Q4 25
71.4%
Q3 25
70.9%
Q2 25
71.6%
Q1 25
72.0%
Q4 24
72.2%
Q3 24
71.8%
Q2 24
71.4%
Q1 24
72.6%
Operating Margin
CP
CP
EBAY
EBAY
Q4 25
41.4%
20.3%
Q3 25
36.8%
20.4%
Q2 25
36.6%
17.7%
Q1 25
35.0%
23.8%
Q4 24
40.6%
21.1%
Q3 24
34.3%
23.1%
Q2 24
35.4%
21.3%
Q1 24
32.9%
24.7%
Net Margin
CP
CP
EBAY
EBAY
Q4 25
27.7%
17.8%
Q3 25
25.3%
22.4%
Q2 25
33.6%
13.5%
Q1 25
24.2%
19.5%
Q4 24
31.2%
26.3%
Q3 24
23.9%
24.6%
Q2 24
25.3%
8.7%
Q1 24
22.2%
17.1%
EPS (diluted)
CP
CP
EBAY
EBAY
Q4 25
$1.14
Q3 25
$1.35
Q2 25
$0.79
Q1 25
$1.06
Q4 24
$1.35
Q3 24
$1.29
Q2 24
$0.45
Q1 24
$0.85

Balance Sheet & Financial Strength

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

Metric
CP
CP
EBAY
EBAY
Cash + ST InvestmentsLiquidity on hand
$134.3M
$1.9B
Total DebtLower is stronger
$14.6B
$6.0B
Stockholders' EquityBook value
$33.5B
$4.6B
Total Assets
$62.7B
$17.6B
Debt / EquityLower = less leverage
0.43×
1.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CP
CP
EBAY
EBAY
Q4 25
$134.3M
$1.9B
Q3 25
$300.0M
$2.4B
Q2 25
$583.3M
$2.1B
Q1 25
$507.4M
$3.1B
Q4 24
$539.5M
$2.4B
Q3 24
$338.0M
$1.6B
Q2 24
$406.6M
$2.0B
Q1 24
$378.9M
$2.1B
Total Debt
CP
CP
EBAY
EBAY
Q4 25
$14.6B
$6.0B
Q3 25
$15.8B
$5.0B
Q2 25
$15.5B
$5.0B
Q1 25
$15.4B
$5.8B
Q4 24
$14.5B
$5.8B
Q3 24
$13.7B
$6.2B
Q2 24
$13.8B
$6.2B
Q1 24
$13.7B
$6.2B
Stockholders' Equity
CP
CP
EBAY
EBAY
Q4 25
$33.5B
$4.6B
Q3 25
$33.4B
$4.7B
Q2 25
$33.7B
$4.7B
Q1 25
$35.2B
$5.0B
Q4 24
$35.0B
$5.2B
Q3 24
$32.2B
$5.4B
Q2 24
$32.0B
$5.5B
Q1 24
$31.3B
$6.3B
Total Assets
CP
CP
EBAY
EBAY
Q4 25
$62.7B
$17.6B
Q3 25
$63.3B
$17.8B
Q2 25
$62.2B
$18.0B
Q1 25
$64.3B
$19.0B
Q4 24
$64.1B
$19.4B
Q3 24
$60.0B
$19.9B
Q2 24
$60.4B
$20.4B
Q1 24
$59.6B
$21.4B
Debt / Equity
CP
CP
EBAY
EBAY
Q4 25
0.43×
1.30×
Q3 25
0.47×
1.06×
Q2 25
0.46×
1.05×
Q1 25
0.44×
1.16×
Q4 24
0.41×
1.12×
Q3 24
0.42×
1.14×
Q2 24
0.43×
1.12×
Q1 24
0.44×
0.98×

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
EBAY
EBAY
Operating Cash FlowLast quarter
$1.1B
$595.0M
Free Cash FlowOCF − Capex
$537.3M
$478.0M
FCF MarginFCF / Revenue
18.9%
16.1%
Capex IntensityCapex / Revenue
20.2%
3.9%
Cash ConversionOCF / Net Profit
1.42×
1.13×
TTM Free Cash FlowTrailing 4 quarters
$1.6B
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CP
CP
EBAY
EBAY
Q4 25
$1.1B
$595.0M
Q3 25
$930.0M
$934.0M
Q2 25
$989.1M
$-307.0M
Q1 25
$843.9M
$787.0M
Q4 24
$1.2B
$677.0M
Q3 24
$928.6M
$755.0M
Q2 24
$932.9M
$367.0M
Q1 24
$741.0M
$615.0M
Free Cash Flow
CP
CP
EBAY
EBAY
Q4 25
$537.3M
$478.0M
Q3 25
$302.2M
$803.0M
Q2 25
$446.8M
$-441.0M
Q1 25
$324.9M
$644.0M
Q4 24
$702.3M
$560.0M
Q3 24
$382.5M
$646.0M
Q2 24
$343.1M
$278.0M
Q1 24
$356.2M
$472.0M
FCF Margin
CP
CP
EBAY
EBAY
Q4 25
18.9%
16.1%
Q3 25
11.4%
28.5%
Q2 25
16.7%
-16.2%
Q1 25
11.8%
24.9%
Q4 24
25.0%
21.7%
Q3 24
15.0%
25.1%
Q2 24
13.1%
10.8%
Q1 24
14.0%
18.5%
Capex Intensity
CP
CP
EBAY
EBAY
Q4 25
20.2%
3.9%
Q3 25
23.7%
4.6%
Q2 25
20.2%
4.9%
Q1 25
18.9%
5.5%
Q4 24
19.3%
4.5%
Q3 24
21.4%
4.2%
Q2 24
22.6%
3.5%
Q1 24
15.1%
5.6%
Cash Conversion
CP
CP
EBAY
EBAY
Q4 25
1.42×
1.13×
Q3 25
1.38×
1.48×
Q2 25
1.10×
-0.83×
Q1 25
1.27×
1.56×
Q4 24
1.42×
1.00×
Q3 24
1.52×
1.19×
Q2 24
1.41×
1.64×
Q1 24
1.31×
1.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CP
CP

Segment breakdown not available.

EBAY
EBAY

Marketplace Revenues$2.4B82%
Advertising Revenues$544.0M18%

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