Canadian Pacific Kansas City annual free cash flow
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Canadian Pacific Kansas City Free Cash Flow (FCF) History (CP)
Canadian Pacific Kansas City reported $2.21B in free cash flow for fiscal 2025, a decrease of 9.70% from the previous fiscal year, with a free cash flow margin of 14.74%.
View full Canadian Pacific Kansas City company overviewCanadian Pacific Kansas City free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.21B | −$237.0M | −9.70% | +14.74% |
| 2024 | 2024-12-31 | $2.44B | $775.0M | +46.43% | +16.96% |
| 2023 | 2023-12-31 | $1.67B | −$916.0M | −35.44% | +13.41% |
| 2022 | 2022-12-31 | $2.58B | $429.0M | +19.90% | +29.61% |
| 2021 | 2021-12-31 | $2.16B | $1.02B | +90.63% | +27.24% |
| 2020 | 2020-12-31 | $1.13B | −$212.0M | −15.79% | +14.79% |
| 2019 | 2019-12-31 | $1.34B | $182.0M | +15.68% | +17.38% |
| 2018 | 2018-12-31 | $1.16B | $319.0M | +37.89% | +16.00% |
| 2017 | 2017-12-31 | $842.0M | −$65.0M | −7.17% | +12.97% |
| 2016 | 2016-12-31 | $907.0M | −$30.0M | −3.20% | +14.69% |
| 2015 | 2015-12-31 | $937.0M | $263.0M | +39.02% | +13.96% |
| 2014 | 2014-12-31 | $674.0M | −$40.0M | −5.60% | +10.18% |
| 2013 | 2013-12-31 | $714.0M | $534.0M | +296.67% | +11.64% |
| 2012 | 2012-12-31 | $180.0M | $772.0M | — | +3.16% |
| 2011 | 2011-12-31 | −$592.0M | −$368.0M | — | −11.44% |
| 2010 | 2010-12-31 | −$224.0M | $28.0M | — | −4.50% |
| 2009 | 2009-12-31 | −$252.0M | −$379.0M | — | −5.72% |
| 2008 | 2008-12-31 | $127.0M | — | — | +2.52% |
Canadian Pacific Kansas City quarterly free cash flow
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Q2.15
Q3.15
Q4.15
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Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
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Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $968.0M | $356.0M | +58.17% | +23.40% |
| Q1 2026 | 2026-03-31 | $312.0M | −$133.0M | −29.89% | +8.49% |
| Q4 2025 | 2025-12-31 | $736.0M | −$226.0M | −23.49% | +18.90% |
| Q3 2025 | 2025-09-30 | $414.0M | −$110.0M | −20.99% | +11.39% |
| Q2 2025 | 2025-06-30 | $612.0M | $142.0M | +30.21% | +16.66% |
| Q1 2025 | 2025-03-31 | $445.0M | −$43.0M | −8.81% | +11.81% |
| Q4 2024 | 2024-12-31 | $962.0M | $327.0M | +51.50% | +25.03% |
| Q3 2024 | 2024-09-30 | $524.0M | $230.0M | +78.23% | +14.96% |
| Q2 2024 | 2024-06-30 | $470.0M | $206.0M | +78.03% | +13.14% |
| Q1 2024 | 2024-03-31 | $488.0M | $12.0M | +2.52% | +13.98% |
| Q4 2023 | 2023-12-31 | $635.0M | −$546.0M | −46.23% | +16.92% |
| Q3 2023 | 2023-09-30 | $294.0M | −$386.0M | −56.76% | +8.90% |
| Q2 2023 | 2023-06-30 | $264.0M | −$73.0M | −21.66% | +8.41% |
| Q1 2023 | 2023-03-31 | $476.0M | $89.0M | +23.00% | +21.21% |
| Q4 2022 | 2022-12-31 | $1.18B | $998.0M | +545.36% | +48.42% |
| Q3 2022 | 2022-09-30 | $680.0M | $504.0M | +286.36% | +29.67% |
| Q2 2022 | 2022-06-30 | $337.0M | −$1.20B | −78.09% | +15.45% |
| Q1 2022 | 2022-03-31 | $387.0M | $128.0M | +49.42% | +21.29% |
| Q4 2021 | 2021-12-31 | $183.0M | −$472.0M | −72.06% | +8.97% |
| Q3 2021 | 2021-09-30 | $176.0M | $167.0M | +1855.56% | +9.16% |
| Q2 2021 | 2021-06-30 | $1.54B | $1.21B | +361.86% | +75.61% |
| Q1 2021 | 2021-03-31 | $259.0M | $125.0M | +93.28% | +13.34% |
| Q4 2020 | 2020-12-31 | $655.0M | $122.0M | +22.89% | +32.55% |
| Q3 2020 | 2020-09-30 | $9.0M | −$350.0M | −97.49% | +0.49% |
| Q2 2020 | 2020-06-30 | $333.0M | $71.0M | +27.10% | +18.74% |
| Q1 2020 | 2020-03-31 | $134.0M | −$55.0M | −29.10% | +6.60% |
| Q4 2019 | 2019-12-31 | $533.0M | $69.0M | +14.87% | +25.76% |
| Q3 2019 | 2019-09-30 | $359.0M | $116.0M | +47.74% | +18.28% |
| Q2 2019 | 2019-06-30 | $262.0M | −$36.0M | −12.08% | +13.36% |
| Q1 2019 | 2019-03-31 | $189.0M | $33.0M | +21.15% | +10.79% |
| Q4 2018 | 2018-12-31 | $464.0M | $176.0M | +61.11% | +23.13% |
| Q3 2018 | 2018-09-30 | $243.0M | $35.0M | +16.83% | +12.91% |
| Q2 2018 | 2018-06-30 | $298.0M | $33.0M | +12.45% | +17.19% |
| Q1 2018 | 2018-03-31 | $156.0M | $75.0M | +92.59% | +9.47% |
| Q4 2017 | 2017-12-31 | $288.0M | −$200.0M | −40.98% | +16.81% |
| Q3 2017 | 2017-09-30 | $208.0M | −$89.0M | −29.97% | +13.16% |
| Q2 2017 | 2017-06-30 | $265.0M | $83.0M | +45.60% | +16.29% |
| Q1 2017 | 2017-03-31 | $81.0M | $141.0M | — | +5.09% |
| Q4 2016 | 2016-12-31 | $488.0M | $320.0M | +190.48% | +29.81% |
| Q3 2016 | 2016-09-30 | $297.0M | $50.0M | +20.24% | +19.11% |
| Q2 2016 | 2016-06-30 | $182.0M | −$48.0M | −20.87% | +12.55% |
| Q1 2016 | 2016-03-31 | −$60.0M | −$352.0M | — | −3.77% |
| Q4 2015 | 2015-12-31 | $168.0M | — | — | +9.96% |
| Q3 2015 | 2015-09-30 | $247.0M | — | — | +14.45% |
| Q2 2015 | 2015-06-30 | $230.0M | — | — | +13.93% |
| Q1 2015 | 2015-03-31 | $292.0M | — | — | +17.54% |
Canadian Pacific Kansas City free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $1.13B to $2.21B, a compound annual growth rate of 14.31%. Canadian Pacific Kansas City's latest reported quarter, Q2 2026, generated $968.0M in free cash flow, an increase of 58.17% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Canadian Pacific Kansas City source filings ↗Community posts
CPKC lines up C$1.8 billion bond issue to refinance debt
Canadian Pacific Kansas City ($CP)’s railway subsidiary is issuing C$1.8 billion of notes across four maturities, with the listed parent guaranteeing the debt. The package comprises C$500 million at 4.20% due 2030, C$550 million at 4.60% du ...
