Canadian Pacific Railway Ltd (CP) — Cash Flow Quality Index
Canadian Pacific Railway Ltd (CP) has a Cash Flow Quality Index of 1.69x as of June 2026. Operating cash flow of CA$1.73 Billion exceeds net income of CA$1.02 Billion, indicating high earnings quality where cash backs reported profits. Explore Canadian Pacific Railway Ltd (CP) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Canadian Pacific Railway Ltd Cash Flow Quality Index (1997–2025)
Historical Cash Flow Quality Index for Canadian Pacific Railway Ltd across 29 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see cash efficiency ratio of Canadian Pacific Railway Ltd.
Annual Cash Flow Quality Index for Canadian Pacific Railway Ltd (1997–2025)
Year-by-year earnings quality comparison for Canadian Pacific Railway Ltd.
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.28x | CA$5.31 Billion | CA$4.14 Billion | ▼ -9.7% |
| 2024 | 1.42x | CA$5.27 Billion | CA$3.71 Billion | ▲ +34.7% |
| 2023 | 1.05x | CA$4.14 Billion | CA$3.93 Billion | ▼ -10.5% |
| 2022 | 1.18x | CA$4.14 Billion | CA$3.52 Billion | ▼ -8.9% |
| 2021 | 1.29x | CA$3.69 Billion | CA$2.85 Billion | ▲ +12.8% |
| 2020 | 1.15x | CA$2.80 Billion | CA$2.44 Billion | ▼ -6.4% |
| 2019 | 1.23x | CA$2.99 Billion | CA$2.44 Billion | ▼ -11.8% |
| 2018 | 1.39x | CA$2.71 Billion | CA$1.95 Billion | ▲ +53.2% |
| 2017 | 0.91x | CA$2.18 Billion | CA$2.40 Billion | ▼ -30.6% |
| 2016 | 1.31x | CA$2.09 Billion | CA$1.60 Billion | ▼ -28.2% |
| 2015 | 1.82x | CA$2.46 Billion | CA$1.35 Billion | ▲ +26.4% |
| 2014 | 1.44x | CA$2.12 Billion | CA$1.48 Billion | ▼ -35.5% |
| 2013 | 2.23x | CA$1.95 Billion | CA$875.00 Million | ▼ -18.8% |
| 2012 | 2.74x | CA$1.33 Billion | CA$484.00 Million | ▲ +205.5% |
| 2011 | 0.90x | CA$512.00 Million | CA$570.00 Million | ▲ +16.4% |
| 2010 | 0.77x | CA$502.10 Million | CA$650.70 Million | ▼ -9.1% |
| 2009 | 0.85x | CA$471.50 Million | CA$555.40 Million | ▼ -51.3% |
| 2008 | 1.74x | CA$1.08 Billion | CA$619.00 Million | ▲ +25.5% |
| 2007 | 1.39x | CA$1.31 Billion | CA$946.20 Million | ▲ +5.3% |
| 2006 | 1.32x | CA$1.05 Billion | CA$796.30 Million | ▼ -26.3% |
| 2005 | 1.79x | CA$1.05 Billion | CA$587.10 Million | ▼ -10.3% |
| 2004 | 1.99x | CA$786.00 Million | CA$394.00 Million | ▲ +283.9% |
| 2003 | 0.52x | CA$325.90 Million | CA$627.20 Million | ▼ -91.7% |
| 2002 | 6.23x | CA$784.20 Million | CA$125.86 Million | ▲ +237.1% |
| 2001 | 1.85x | CA$758.50 Million | CA$410.40 Million | ▲ +45.4% |
| 2000 | 1.27x | CA$676.60 Million | CA$532.30 Million | ▼ -87.4% |
| 1999 | 10.06x | CA$672.90 Million | CA$66.90 Million | ▲ +436.1% |
| 1998 | 1.88x | CA$679.90 Million | CA$362.40 Million | ▲ +17.6% |
| 1997 | 1.60x | CA$748.00 Million | CA$468.90 Million | — |