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Side-by-side financial comparison of CANADIAN PACIFIC KANSAS CITY LTD (CP) and Roper Technologies (ROP). 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 $2.1B, roughly 1.4× Roper Technologies). CANADIAN PACIFIC KANSAS CITY LTD runs the higher net margin — 27.7% vs 15.8%, a 11.9% gap on every dollar of revenue. On growth, Roper Technologies posted the faster year-over-year revenue change (11.3% vs 1.3%). CANADIAN PACIFIC KANSAS CITY LTD produced more free cash flow last quarter ($537.3M vs $507.0M). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% 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.

CP vs ROP — Head-to-Head

Bigger by revenue
CP
CP
1.4× larger
CP
$2.8B
$2.1B
ROP
Growing faster (revenue YoY)
ROP
ROP
+10.0% gap
ROP
11.3%
1.3%
CP
Higher net margin
CP
CP
11.9% more per $
CP
27.7%
15.8%
ROP
More free cash flow
CP
CP
$30.3M more FCF
CP
$537.3M
$507.0M
ROP
Faster 2-yr revenue CAGR
ROP
ROP
Annualised
ROP
10.5%
5.6%
CP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CP
CP
ROP
ROP
Revenue
$2.8B
$2.1B
Net Profit
$786.2M
$331.0M
Gross Margin
69.4%
Operating Margin
41.4%
27.2%
Net Margin
27.7%
15.8%
Revenue YoY
1.3%
11.3%
Net Profit YoY
-10.3%
53.7%
EPS (diluted)
$4.87

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
ROP
ROP
Q1 26
$2.1B
Q4 25
$2.8B
$2.1B
Q3 25
$2.7B
$2.0B
Q2 25
$2.7B
$1.9B
Q1 25
$2.8B
$1.9B
Q4 24
$2.8B
$1.9B
Q3 24
$2.6B
$1.8B
Q2 24
$2.6B
$1.7B
Net Profit
CP
CP
ROP
ROP
Q1 26
$331.0M
Q4 25
$786.2M
$428.4M
Q3 25
$671.6M
$398.5M
Q2 25
$900.8M
$378.3M
Q1 25
$664.3M
$331.1M
Q4 24
$876.7M
$462.3M
Q3 24
$611.0M
$367.9M
Q2 24
$660.6M
$337.1M
Gross Margin
CP
CP
ROP
ROP
Q1 26
69.4%
Q4 25
69.5%
Q3 25
69.5%
Q2 25
69.2%
Q1 25
68.7%
Q4 24
68.3%
Q3 24
69.2%
Q2 24
69.5%
Operating Margin
CP
CP
ROP
ROP
Q1 26
27.2%
Q4 25
41.4%
28.6%
Q3 25
36.8%
28.4%
Q2 25
36.6%
28.2%
Q1 25
35.0%
27.9%
Q4 24
40.6%
28.0%
Q3 24
34.3%
28.1%
Q2 24
35.4%
28.8%
Net Margin
CP
CP
ROP
ROP
Q1 26
15.8%
Q4 25
27.7%
20.8%
Q3 25
25.3%
19.8%
Q2 25
33.6%
19.5%
Q1 25
24.2%
17.6%
Q4 24
31.2%
24.6%
Q3 24
23.9%
20.8%
Q2 24
25.3%
19.6%
EPS (diluted)
CP
CP
ROP
ROP
Q1 26
$4.87
Q4 25
$3.97
Q3 25
$3.68
Q2 25
$3.49
Q1 25
$3.06
Q4 24
$4.29
Q3 24
$3.40
Q2 24
$3.12

Balance Sheet & Financial Strength

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

Metric
CP
CP
ROP
ROP
Cash + ST InvestmentsLiquidity on hand
$134.3M
$382.9M
Total DebtLower is stronger
$14.6B
$9.7B
Stockholders' EquityBook value
$33.5B
$18.8B
Total Assets
$62.7B
$34.6B
Debt / EquityLower = less leverage
0.43×
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CP
CP
ROP
ROP
Q1 26
$382.9M
Q4 25
$134.3M
$297.4M
Q3 25
$300.0M
$320.0M
Q2 25
$583.3M
$242.4M
Q1 25
$507.4M
$372.8M
Q4 24
$539.5M
$188.2M
Q3 24
$338.0M
$269.6M
Q2 24
$406.6M
$251.5M
Total Debt
CP
CP
ROP
ROP
Q1 26
$9.7B
Q4 25
$14.6B
$9.3B
Q3 25
$15.8B
Q2 25
$15.5B
Q1 25
$15.4B
Q4 24
$14.5B
$7.6B
Q3 24
$13.7B
Q2 24
$13.8B
Stockholders' Equity
CP
CP
ROP
ROP
Q1 26
$18.8B
Q4 25
$33.5B
$19.9B
Q3 25
$33.4B
$20.0B
Q2 25
$33.7B
$19.6B
Q1 25
$35.2B
$19.2B
Q4 24
$35.0B
$18.9B
Q3 24
$32.2B
$18.5B
Q2 24
$32.0B
$18.1B
Total Assets
CP
CP
ROP
ROP
Q1 26
$34.6B
Q4 25
$62.7B
$34.6B
Q3 25
$63.3B
$34.6B
Q2 25
$62.2B
$33.2B
Q1 25
$64.3B
$31.4B
Q4 24
$64.1B
$31.3B
Q3 24
$60.0B
$31.6B
Q2 24
$60.4B
$29.8B
Debt / Equity
CP
CP
ROP
ROP
Q1 26
0.52×
Q4 25
0.43×
0.47×
Q3 25
0.47×
Q2 25
0.46×
Q1 25
0.44×
Q4 24
0.41×
0.40×
Q3 24
0.42×
Q2 24
0.43×

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
ROP
ROP
Operating Cash FlowLast quarter
$1.1B
Free Cash FlowOCF − Capex
$537.3M
$507.0M
FCF MarginFCF / Revenue
18.9%
24.2%
Capex IntensityCapex / Revenue
20.2%
0.5%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters
$1.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CP
CP
ROP
ROP
Q1 26
Q4 25
$1.1B
$738.0M
Q3 25
$930.0M
$869.5M
Q2 25
$989.1M
$404.1M
Q1 25
$843.9M
$528.7M
Q4 24
$1.2B
$722.2M
Q3 24
$928.6M
$755.4M
Q2 24
$932.9M
$384.1M
Free Cash Flow
CP
CP
ROP
ROP
Q1 26
$507.0M
Q4 25
$537.3M
Q3 25
$302.2M
Q2 25
$446.8M
Q1 25
$324.9M
Q4 24
$702.3M
Q3 24
$382.5M
Q2 24
$343.1M
FCF Margin
CP
CP
ROP
ROP
Q1 26
24.2%
Q4 25
18.9%
Q3 25
11.4%
Q2 25
16.7%
Q1 25
11.8%
Q4 24
25.0%
Q3 24
15.0%
Q2 24
13.1%
Capex Intensity
CP
CP
ROP
ROP
Q1 26
0.5%
Q4 25
20.2%
Q3 25
23.7%
Q2 25
20.2%
Q1 25
18.9%
Q4 24
19.3%
Q3 24
21.4%
Q2 24
22.6%
Cash Conversion
CP
CP
ROP
ROP
Q1 26
Q4 25
1.42×
1.72×
Q3 25
1.38×
2.18×
Q2 25
1.10×
1.07×
Q1 25
1.27×
1.60×
Q4 24
1.42×
1.56×
Q3 24
1.52×
2.05×
Q2 24
1.41×
1.14×

Financial Flow Comparison

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

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