Canadian Pacific Railway Ltd Net Assets
Canadian Pacific Railway Ltd net assets. Based on the latest financial reports, Canadian Pacific Railway Ltd (CP) has net assets worth CA$47.61 Billion CAD (≈ $34.44 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$89.28 Billion ≈ $64.59 Billion USD) and total liabilities (CA$41.67 Billion ≈ $30.15 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Canadian Pacific Railway Ltd net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CA$47.61 Billion |
| % of Total Assets | 53.32% |
| Annual Growth Rate | 10.53% |
| 5-Year Change | 38.42% |
| 10-Year Change | 912.21% |
| Growth Volatility | 67.56 |
Net Assets of Canadian Pacific Railway Ltd (1997–2025)
Net assets of Canadian Pacific Railway Ltd from 1997 to 2025. This chart illustrates how Canadian Pacific Railway Ltd's net assets have evolved over time, based on quarterly financial data. See Canadian Pacific Railway Ltd (CP) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Canadian Pacific Railway Ltd (1997–2025)
The table below shows the annual net assets of Canadian Pacific Railway Ltd from 1997 to 2025. For live market cap and overall valuation, see CP stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CA$46.83 Billion ≈ $33.87 Billion |
-4.22% |
| 2024-12-31 | CA$48.89 Billion ≈ $35.37 Billion |
+15.28% |
| 2023-12-31 | CA$42.41 Billion ≈ $30.68 Billion |
+9.06% |
| 2022-12-31 | CA$38.89 Billion ≈ $28.13 Billion |
+14.95% |
| 2021-12-31 | CA$33.83 Billion ≈ $24.47 Billion |
+362.21% |
| 2020-12-31 | CA$7.32 Billion ≈ $5.29 Billion |
+3.54% |
| 2019-12-31 | CA$7.07 Billion ≈ $5.11 Billion |
+6.53% |
| 2018-12-31 | CA$6.64 Billion ≈ $4.80 Billion |
+3.09% |
| 2017-12-31 | CA$6.44 Billion ≈ $4.66 Billion |
+39.15% |
| 2016-12-31 | CA$4.63 Billion ≈ $3.35 Billion |
-3.54% |
| 2015-12-31 | CA$4.80 Billion ≈ $3.47 Billion |
-14.51% |
| 2014-12-31 | CA$5.61 Billion ≈ $4.06 Billion |
-20.95% |
| 2013-12-31 | CA$7.10 Billion ≈ $5.13 Billion |
+39.24% |
| 2012-12-31 | CA$5.10 Billion ≈ $3.69 Billion |
+9.64% |
| 2011-12-31 | CA$4.65 Billion ≈ $3.36 Billion |
-3.64% |
| 2010-12-31 | CA$4.82 Billion ≈ $3.49 Billion |
+3.58% |
| 2009-12-31 | CA$4.66 Billion ≈ $3.37 Billion |
-22.28% |
| 2008-12-31 | CA$5.99 Billion ≈ $4.34 Billion |
+9.81% |
| 2007-12-31 | CA$5.46 Billion ≈ $3.95 Billion |
+12.38% |
| 2006-12-31 | CA$4.86 Billion ≈ $3.51 Billion |
+10.78% |
| 2005-12-31 | CA$4.38 Billion ≈ $3.17 Billion |
+10.09% |
| 2004-12-31 | CA$3.98 Billion ≈ $2.88 Billion |
+8.36% |
| 2003-12-31 | CA$3.68 Billion ≈ $2.66 Billion |
+8.53% |
| 2002-12-31 | CA$3.39 Billion ≈ $2.45 Billion |
+7.93% |
| 2001-12-31 | CA$3.14 Billion ≈ $2.27 Billion |
-11.94% |
| 2000-12-31 | CA$3.56 Billion ≈ $2.58 Billion |
+13.54% |
| 1999-12-31 | CA$3.14 Billion ≈ $2.27 Billion |
-2.98% |
| 1998-12-31 | CA$3.23 Billion ≈ $2.34 Billion |
+13.87% |
| 1997-12-31 | CA$2.84 Billion ≈ $2.05 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Canadian Pacific Railway Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2807.1% over the analyzed period, indicating profitable operations and earnings retention.
Canadian Pacific Railway Ltd Net Assets Breakdown (December 2025)
Canadian Pacific Railway Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CA$19.78 Billion | 43.12% |
| Common Stock | CA$24.75 Billion | 53.95% |
| Other Comprehensive Income | CA$1.24 Billion | 2.70% |
| Other Components | CA$105.00 Million | 0.23% |
| Total Equity | CA$45.88 Billion | 100.00% |
Canadian Pacific Railway Ltd Competitors by Market Cap
The table below lists competitors of Canadian Pacific Railway Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiaomi Corporation
F:3CP
|
$83.88 Billion |
|
Ping An Insurance Group Co of China Ltd
SHG:601318
|
$84.25 Billion |
|
Barclays PLC
MX:BCSN
|
$84.35 Billion |
|
Investor AB ser. B
ST:INVE-B
|
$84.94 Billion |
|
Medtronic PLC
XETRA:2M6
|
$83.04 Billion |
|
Williams Companies Inc
NYSE:WMB
|
$82.99 Billion |
|
MercadoLibre Inc.
NASDAQ:MELI
|
$82.76 Billion |
|
Applovin Corp
NASDAQ:APP
|
$82.73 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canadian Pacific Railway Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 47,892,000,000 to 45,877,000,000, a change of -2,015,000,000 (-4.2%).
- Net income of 4,141,000,000 contributed positively to equity growth.
- Dividend payments of 796,000,000 reduced retained earnings.
- Share repurchases of 3,942,000,000 reduced equity.
- New share issuances of 73,000,000 increased equity.
- Other comprehensive income decreased equity by 1,442,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CA$4.14 Billion | +9.03% |
| Dividends Paid | CA$796.00 Million | -1.74% |
| Share Repurchases | CA$3.94 Billion | -8.59% |
| Share Issuances | CA$73.00 Million | +0.16% |
| Other Comprehensive Income | CA$-1.44 Billion | -3.14% |
| Other Changes | CA$-49.00 Million | -0.11% |
| Total Change | CA$- | -4.21% |
Book Value vs Market Value Analysis
This analysis compares Canadian Pacific Railway Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.63x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 36.82x to 2.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CA$3.58 | CA$131.68 | x |
| 1998-12-31 | CA$4.08 | CA$131.68 | x |
| 1999-12-31 | CA$4.26 | CA$131.68 | x |
| 2000-12-31 | CA$4.84 | CA$131.68 | x |
| 2001-12-31 | CA$3.73 | CA$131.68 | x |
| 2002-12-31 | CA$4.23 | CA$131.68 | x |
| 2003-12-31 | CA$4.59 | CA$131.68 | x |
| 2004-12-31 | CA$5.01 | CA$131.68 | x |
| 2005-12-31 | CA$5.48 | CA$131.68 | x |
| 2006-12-31 | CA$6.12 | CA$131.68 | x |
| 2007-12-31 | CA$7.02 | CA$131.68 | x |
| 2008-12-31 | CA$7.71 | CA$131.68 | x |
| 2009-12-31 | CA$5.59 | CA$131.68 | x |
| 2010-12-31 | CA$5.70 | CA$131.68 | x |
| 2011-12-31 | CA$5.45 | CA$131.68 | x |
| 2012-12-31 | CA$5.89 | CA$131.68 | x |
| 2013-12-31 | CA$8.04 | CA$131.68 | x |
| 2014-12-31 | CA$6.43 | CA$131.68 | x |
| 2015-12-31 | CA$5.96 | CA$131.68 | x |
| 2016-12-31 | CA$6.15 | CA$131.68 | x |
| 2017-12-31 | CA$8.80 | CA$131.68 | x |
| 2018-12-31 | CA$9.26 | CA$131.68 | x |
| 2019-12-31 | CA$10.15 | CA$131.68 | x |
| 2020-12-31 | CA$10.76 | CA$131.68 | x |
| 2021-12-31 | CA$49.54 | CA$131.68 | x |
| 2022-12-31 | CA$41.68 | CA$131.68 | x |
| 2023-12-31 | CA$44.44 | CA$131.68 | x |
| 2024-12-31 | CA$51.24 | CA$131.68 | x |
| 2025-12-31 | CA$50.02 | CA$131.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canadian Pacific Railway Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.03%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.46%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.87x
- Recent ROE (9.03%) is below the historical average (16.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 16.51% | 12.62% | 0.47x | 2.76x | CA$184.86 Million |
| 1998 | 11.20% | 10.31% | 0.42x | 2.59x | CA$38.96 Million |
| 1999 | 2.13% | 1.91% | 0.40x | 2.79x | CA$-246.90 Million |
| 2000 | 13.94% | 13.59% | 0.41x | 2.47x | CA$140.52 Million |
| 2001 | 12.18% | 9.76% | 0.38x | 3.33x | CA$64.72 Million |
| 2002 | 14.47% | 13.30% | 0.38x | 2.87x | CA$150.67 Million |
| 2003 | 10.91% | 10.89% | 0.37x | 2.72x | CA$33.24 Million |
| 2004 | 10.37% | 10.58% | 0.37x | 2.64x | CA$14.76 Million |
| 2005 | 12.38% | 12.36% | 0.40x | 2.48x | CA$104.33 Million |
| 2006 | 16.40% | 17.37% | 0.40x | 2.35x | CA$310.65 Million |
| 2007 | 17.34% | 20.10% | 0.35x | 2.45x | CA$400.41 Million |
| 2008 | 10.33% | 12.55% | 0.32x | 2.58x | CA$19.66 Million |
| 2009 | 11.81% | 12.49% | 0.30x | 3.17x | CA$84.19 Million |
| 2010 | 13.49% | 13.06% | 0.36x | 2.83x | CA$168.23 Million |
| 2011 | 12.26% | 11.01% | 0.37x | 3.04x | CA$105.10 Million |
| 2012 | 9.50% | 8.50% | 0.39x | 2.89x | CA$-25.70 Million |
| 2013 | 12.33% | 14.27% | 0.36x | 2.40x | CA$165.30 Million |
| 2014 | 26.31% | 22.30% | 0.39x | 3.02x | CA$915.00 Million |
| 2015 | 28.19% | 20.14% | 0.34x | 4.09x | CA$872.40 Million |
| 2016 | 34.57% | 25.66% | 0.32x | 4.21x | CA$1.14 Billion |
| 2017 | 37.36% | 36.70% | 0.32x | 3.15x | CA$1.76 Billion |
| 2018 | 29.40% | 26.67% | 0.34x | 3.23x | CA$1.29 Billion |
| 2019 | 34.52% | 31.31% | 0.35x | 3.19x | CA$1.73 Billion |
| 2020 | 33.39% | 31.70% | 0.32x | 3.25x | CA$1.71 Billion |
| 2021 | 8.43% | 35.67% | 0.12x | 2.02x | CA$-530.90 Million |
| 2022 | 9.04% | 39.90% | 0.12x | 1.90x | CA$-371.60 Million |
| 2023 | 9.46% | 31.28% | 0.16x | 1.94x | CA$-222.20 Million |
| 2024 | 7.76% | 25.56% | 0.16x | 1.85x | CA$-1.07 Billion |
| 2025 | 9.03% | 27.46% | 0.18x | 1.87x | CA$-446.70 Million |
Industry Comparison
This section compares Canadian Pacific Railway Ltd's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $4,650,299,463
- Average return on equity (ROE) among peers: 18.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canadian Pacific Railway Ltd (CP) | CA$47.61 Billion | 16.51% | 0.88x | $83.74 Billion |
| Canadian National Railway Co (CNR) | $9.28 Billion | 13.55% | 1.41x | $79.80 Billion |
| Kelso Technologies Inc (KLS) | $16.60 Million | 24.25% | 0.25x | $5.99 Million |
About Canadian Pacific Railway Ltd
Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight consists of industrial and consumer products, such as forest products, energy, chemicals and plastics, metals, minerals, con… Read more