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Side-by-side financial comparison of CANADIAN PACIFIC KANSAS CITY LTD (CP) and LEVI STRAUSS & CO (LEVI). 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 $1.8B, roughly 1.6× LEVI STRAUSS & CO). CANADIAN PACIFIC KANSAS CITY LTD runs the higher net margin — 27.7% vs 8.9%, a 18.7% gap on every dollar of revenue. On growth, CANADIAN PACIFIC KANSAS CITY LTD posted the faster year-over-year revenue change (1.3% vs -4.0%). CANADIAN PACIFIC KANSAS CITY LTD produced more free cash flow last quarter ($537.3M vs $215.7M). Over the past eight quarters, LEVI STRAUSS & CO's revenue compounded faster (6.5% 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.

Levi Strauss & Co. is an American clothing company known worldwide for its Levi's brand of denim jeans. It was founded in May 1853 when German-Jewish immigrant Levi Strauss moved from Buttenheim, Bavaria, to San Francisco, California, to open a West Coast branch of his brothers' New York dry goods business. Although the corporation is registered in Delaware, the company's corporate headquarters is located in Levi's Plaza in San Francisco.

CP vs LEVI — Head-to-Head

Bigger by revenue
CP
CP
1.6× larger
CP
$2.8B
$1.8B
LEVI
Growing faster (revenue YoY)
CP
CP
+5.3% gap
CP
1.3%
-4.0%
LEVI
Higher net margin
CP
CP
18.7% more per $
CP
27.7%
8.9%
LEVI
More free cash flow
CP
CP
$321.6M more FCF
CP
$537.3M
$215.7M
LEVI
Faster 2-yr revenue CAGR
LEVI
LEVI
Annualised
LEVI
6.5%
5.6%
CP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CP
CP
LEVI
LEVI
Revenue
$2.8B
$1.8B
Net Profit
$786.2M
$158.0M
Gross Margin
60.8%
Operating Margin
41.4%
11.9%
Net Margin
27.7%
8.9%
Revenue YoY
1.3%
-4.0%
Net Profit YoY
-10.3%
-13.4%
EPS (diluted)
$0.39

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
LEVI
LEVI
Q4 25
$2.8B
$1.8B
Q3 25
$2.7B
$1.5B
Q2 25
$2.7B
$1.4B
Q1 25
$2.8B
$1.5B
Q4 24
$2.8B
$1.8B
Q3 24
$2.6B
$1.5B
Q2 24
$2.6B
$1.4B
Q1 24
$2.5B
$1.6B
Net Profit
CP
CP
LEVI
LEVI
Q4 25
$786.2M
$158.0M
Q3 25
$671.6M
$218.1M
Q2 25
$900.8M
$67.0M
Q1 25
$664.3M
$135.0M
Q4 24
$876.7M
$182.5M
Q3 24
$611.0M
$20.7M
Q2 24
$660.6M
$18.0M
Q1 24
$565.8M
$-10.6M
Gross Margin
CP
CP
LEVI
LEVI
Q4 25
60.8%
Q3 25
61.7%
Q2 25
62.6%
Q1 25
62.1%
Q4 24
61.3%
Q3 24
60.0%
Q2 24
60.5%
Q1 24
58.2%
Operating Margin
CP
CP
LEVI
LEVI
Q4 25
41.4%
11.9%
Q3 25
36.8%
10.8%
Q2 25
36.6%
7.5%
Q1 25
35.0%
12.5%
Q4 24
40.6%
11.5%
Q3 24
34.3%
2.0%
Q2 24
35.4%
1.5%
Q1 24
32.9%
-0.0%
Net Margin
CP
CP
LEVI
LEVI
Q4 25
27.7%
8.9%
Q3 25
25.3%
14.1%
Q2 25
33.6%
4.6%
Q1 25
24.2%
8.8%
Q4 24
31.2%
9.9%
Q3 24
23.9%
1.4%
Q2 24
25.3%
1.2%
Q1 24
22.2%
-0.7%
EPS (diluted)
CP
CP
LEVI
LEVI
Q4 25
$0.39
Q3 25
$0.55
Q2 25
$0.17
Q1 25
$0.34
Q4 24
$0.46
Q3 24
$0.05
Q2 24
$0.04
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
CP
CP
LEVI
LEVI
Cash + ST InvestmentsLiquidity on hand
$134.3M
$848.8M
Total DebtLower is stronger
$14.6B
$1.1B
Stockholders' EquityBook value
$33.5B
$2.3B
Total Assets
$62.7B
$6.8B
Debt / EquityLower = less leverage
0.43×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CP
CP
LEVI
LEVI
Q4 25
$134.3M
$848.8M
Q3 25
$300.0M
$707.5M
Q2 25
$583.3M
$736.7M
Q1 25
$507.4M
$574.4M
Q4 24
$539.5M
$690.0M
Q3 24
$338.0M
$577.1M
Q2 24
$406.6M
$641.4M
Q1 24
$378.9M
$516.7M
Total Debt
CP
CP
LEVI
LEVI
Q4 25
$14.6B
$1.1B
Q3 25
$15.8B
$1.0B
Q2 25
$15.5B
$1.0B
Q1 25
$15.4B
$987.4M
Q4 24
$14.5B
$994.0M
Q3 24
$13.7B
$1.0B
Q2 24
$13.8B
$1.0B
Q1 24
$13.7B
$1.0B
Stockholders' Equity
CP
CP
LEVI
LEVI
Q4 25
$33.5B
$2.3B
Q3 25
$33.4B
$2.2B
Q2 25
$33.7B
$2.1B
Q1 25
$35.2B
$2.0B
Q4 24
$35.0B
$2.0B
Q3 24
$32.2B
$1.9B
Q2 24
$32.0B
$2.0B
Q1 24
$31.3B
$2.0B
Total Assets
CP
CP
LEVI
LEVI
Q4 25
$62.7B
$6.8B
Q3 25
$63.3B
$6.7B
Q2 25
$62.2B
$6.5B
Q1 25
$64.3B
$6.2B
Q4 24
$64.1B
$6.4B
Q3 24
$60.0B
$6.3B
Q2 24
$60.4B
$6.2B
Q1 24
$59.6B
$6.0B
Debt / Equity
CP
CP
LEVI
LEVI
Q4 25
0.43×
0.46×
Q3 25
0.47×
0.48×
Q2 25
0.46×
0.49×
Q1 25
0.44×
0.49×
Q4 24
0.41×
0.50×
Q3 24
0.42×
0.54×
Q2 24
0.43×
0.51×
Q1 24
0.44×
0.51×

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
LEVI
LEVI
Operating Cash FlowLast quarter
$1.1B
$266.8M
Free Cash FlowOCF − Capex
$537.3M
$215.7M
FCF MarginFCF / Revenue
18.9%
12.2%
Capex IntensityCapex / Revenue
20.2%
2.9%
Cash ConversionOCF / Net Profit
1.42×
1.69×
TTM Free Cash FlowTrailing 4 quarters
$1.6B
$308.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CP
CP
LEVI
LEVI
Q4 25
$1.1B
$266.8M
Q3 25
$930.0M
$24.8M
Q2 25
$989.1M
$185.5M
Q1 25
$843.9M
$52.5M
Q4 24
$1.2B
$297.3M
Q3 24
$928.6M
$52.3M
Q2 24
$932.9M
$262.8M
Q1 24
$741.0M
$286.0M
Free Cash Flow
CP
CP
LEVI
LEVI
Q4 25
$537.3M
$215.7M
Q3 25
$302.2M
$-39.4M
Q2 25
$446.8M
$146.0M
Q1 25
$324.9M
$-14.1M
Q4 24
$702.3M
$231.6M
Q3 24
$382.5M
$2.3M
Q2 24
$343.1M
$222.6M
Q1 24
$356.2M
$214.4M
FCF Margin
CP
CP
LEVI
LEVI
Q4 25
18.9%
12.2%
Q3 25
11.4%
-2.6%
Q2 25
16.7%
10.1%
Q1 25
11.8%
-0.9%
Q4 24
25.0%
12.6%
Q3 24
15.0%
0.2%
Q2 24
13.1%
15.4%
Q1 24
14.0%
13.8%
Capex Intensity
CP
CP
LEVI
LEVI
Q4 25
20.2%
2.9%
Q3 25
23.7%
4.2%
Q2 25
20.2%
2.7%
Q1 25
18.9%
4.4%
Q4 24
19.3%
3.6%
Q3 24
21.4%
3.3%
Q2 24
22.6%
2.8%
Q1 24
15.1%
4.6%
Cash Conversion
CP
CP
LEVI
LEVI
Q4 25
1.42×
1.69×
Q3 25
1.38×
0.11×
Q2 25
1.10×
2.77×
Q1 25
1.27×
0.39×
Q4 24
1.42×
1.63×
Q3 24
1.52×
2.53×
Q2 24
1.41×
14.60×
Q1 24
1.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CP
CP

Segment breakdown not available.

LEVI
LEVI

Other$760.3M43%
Sales Channel Through Intermediary$583.2M33%
Sales Channel Directly To Consumer$376.0M21%
Beyond Yoga$46.3M3%

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