Canadian Pacific Kansas City Limited (CPKC) reported a total revenue of $15,078 million for the fiscal year ending December 31, 2025, marking a 4% increase from $14,546 million in 2024. The growth in revenue was primarily driven by higher freight volumes, as indicated by a 4% rise in revenue ton-miles (RTMs) to 219,420 million. The company's diluted earnings per share (EPS) also saw a 13% increase, reaching $4.51 compared to $3.98 in the previous year. The operating ratio improved to 62.8%, a 160 basis point enhancement from 64.4% in 2024, reflecting the company's focus on operational efficiency.
In terms of operational developments, CPKC's freight revenues totaled $14,776 million, up from $14,223 million in 2024. The bulk commodities segment, which includes grain, coal, and potash, represented approximately 36% of total freight revenues. Notably, the grain business alone accounted for $3,217 million, a 7% increase from the previous year, driven by higher volumes of Canadian and U.S. grain shipments. The company also reported a decrease in non-freight revenues, which fell to $302 million from $323 million in 2024, primarily due to lower leasing revenues.
Strategically, CPKC has made significant moves, including the acquisition of Kansas City Southern (KCS) on April 14, 2023, which has been integrated into its operations. The company recognized a pre-tax gain of $232 million from the sale of its 50% equity investment in the Panama Canal Railway Company, further enhancing its financial position. Additionally, CPKC has focused on optimizing its assets through longer and heavier trains, which has allowed for increased volumes with fewer locomotives and cars, thereby unlocking capacity for future growth.
As of December 31, 2025, CPKC employed 19,479 individuals, a decrease from 19,797 in 2024, reflecting the completion of systems integration and efficient resource planning. The company continues to emphasize safety, achieving the lowest Federal Railroad Administration (FRA)-reportable train accident frequency among Class I railways for the third consecutive year. Looking ahead, CPKC plans to invest approximately $2.65 billion in capital programs for 2026, focusing on track and roadway improvements, rolling stock, and other infrastructure enhancements to support its growth strategy.
About CANADIAN PACIFIC KANSAS CITY LTD/CN
Canadian Pacific Kansas City Limited (CPKC) operates the only freight railway network spanning Canada, the U.S., and Mexico, providing rail and intermodal transportation services across approximately 20,000 miles. It transports bulk commodities, merchandise freight, and intermodal traffic to diverse industries and markets. CPKC’s integrated rail network emphasizes efficient, reliable service, cost control, asset optimization, and safety, serving customers through a single operating segment focused on freight logistics across North America.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.