CPKC Q3 2025: Strong Financials, Rail Growth & Innovation

Introduction

Canadian Pacific Kansas City (CPKC) announced a 9% increase in net income to C$913 million for the third quarter of 2025, with total revenue reaching C$3.7 billion, a 3% increase compared to the third quarter of 2024.

Financial Performance

CPKC’s diluted earnings per share (EPS) for the quarter were C$1.01, up from 90 cents in the same quarter of the previous year. Core adjusted diluted EPS increased by 11% to C$1.10, compared to C$0.99 in the third quarter of 2024. The operating ratio for the quarter was 63.5%, a decrease from 66.1% in the third quarter of 2024.

Volume Metrics

The Class I railroad’s volume, measured by revenue ton-miles, increased by 5% during the quarter.

Executive Commentary

CPKC President and CEO Keith Creel stated, “CPKC once again created profitable, sustainable growth in the third quarter, while navigating challenging macroeconomic conditions. Through our powerful network and unique partnerships, we are providing strong service and bringing innovative solutions to the market for our customers. I remain confident in our ability to continue delivering on our long-term value proposition.”

Conclusion

CPKC’s third-quarter 2025 financial results included a net income of C$913 million, a 3% increase in total revenue to C$3.7 billion, and an operating ratio of 63.5%.

Company Summary

Canadian Pacific Kansas City (CPKC): A Class I railroad.