Canadian Pacific Kansas City Ltd.

CP.TOTSXIndustrials● Active

$125.96

+$0.57(+0.45%)

Market Cap$111.8B

P/E Ratio—

52W High$127.17

52W Low$96.5

Avg Volume1.3M

Open$125.07

Beta1.21

Free Cash Flow Financials Revenue

Canadian Pacific Kansas City Ltd. (CP.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CP.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

CP.TO · FCF · TTM · margin & CAGR

Free cash flow was $2.17B for FY2025 (fiscal year ending 2025-12-31), down 9.9% year-over-year The FCF margin was 14.4%. Five-year CAGR stands at +13.9%.

FY2025 Free Cash Flow$2.17B▼ -9.9% YoY

Trailing 12M (TTM)$2.20Btrailing 4 quarters sum

FCF Margin14.4%$2.17B ÷ revenue

3-Year CAGR-5.7%FY2022 → FY2025

5-Year CAGR+13.9%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CP.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$5.31B(3.14B)$2.17B▼ 9.9%14.4%

FY2024$5.27B(2.86B)$2.41B▲ +46.9%16.5%

FY2023$4.14B(2.50B)$1.64B▼ 36.6%13.1%

FY2022$4.14B(1.56B)$2.58B▲ +19.9%29.3%

FY2021$3.69B(1.53B)$2.16B▲ +90.6%27.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CP.TO · P/FCF · FCF yield · FCF per share

Canadian Pacific Kansas City Ltd. (CP.TO) trades at a FCF yield of 1.98% and a price-to-free-cash-flow ratio of 52.3x. FCF per share stands at $2.41, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.98%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.41

TTM FCF ÷ Shares Outstanding

Price / FCF

x52.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x61.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CP.TO · cash flow statement · operating / investing / financing

For FY2025, Canadian Pacific Kansas City Ltd. generated $5.31B in operating cash flow and spent 3.14B in capital expenditures, yielding $2.17B in free cash flow.

Operating Activities

+$5.31B

Cash from core business operations

2025-12-31

Investing Activities

−$2.67B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$3.15B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($5.31B) − |CapEx| (3.14B) = FCF ($2.17B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

CP.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Canadian Pacific Kansas City Ltd.YOU

CP.TO

$2.17B-9.9%14.4%

21%

Space Exploration Technologies Corp.

SPCX

−$13.95B-159.0%-74.7%

Loss

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Canadian Pacific Kansas City Ltd. (CP.TO) reported free cash flow of $2.17B for FY2025 (fiscal year ending 2025-12-31), down 9.9% year-over-year. The FCF margin was 14.4%.

Based on available data, Canadian Pacific Kansas City Ltd. has maintained positive free cash flow for at least 14 fiscal year(s). FCF peaked at $2.58B in FY2022. The 5-year CAGR stands at +13.9%.

Canadian Pacific Kansas City Ltd.'s FCF yield is 1.98% and price-to-FCF ratio is 52.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CP.TO free cash flow · 8 questions

Canadian Pacific Kansas City Ltd. free cash flow was $2.17B for FY2025, down 9.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.20B.

CP.TO free cash flowCP.TO FCFCP.TO FCF 2025CP.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Canadian Pacific Kansas City Ltd. · Canadian Pacific Kansas City Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026