CPKC reported solid full-year results driven by strong execution of its Precision Scheduled Railroading model, leading to record operating ratios and revenue growth. The company navigated macroeconomic headwinds by controlling costs and capitalizing on unique growth opportunities, positioning itself for continued differentiated results in 2026.
Full-year revenues increased 4% to $15.1 billion from $14.5 billion in 2024.
positiveReported operating ratio improved 160 bps to 62.8% for the full year.
positiveCore adjusted operating ratio improved to a record-low 59.9% for the full year, a 140 bps improvement.
positiveReported diluted EPS increased to $4.51 from $3.98 in 2024.
positiveCore adjusted diluted EPS increased 8% to $4.61 from $4.25 in 2024.
positiveCPKC led the industry with the lowest FRA-reportable train accident frequency among Class 1 railroads for the third consecutive year.
positiveFourth-quarter reported diluted EPS decreased to $1.20 from $1.28 in Q4 2024.
attentionNon-freight revenues decreased 7% year-over-year for the full year.
attentionFX adjusted revenue growth for the full year was 3%, with a significant portion of this growth attributed to FX tailwinds.
attentionCapital expenditures are projected to be $2.65 billion in 2026, a reduction of approximately 15% from 2025, which could impact future growth.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Freight | N/A | — | — | — |
Non-freight | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Our fourth quarter and full year results demonstrate exceptional execution in a challenging market by controlling what we could control.
Despite macroeconomic and trade policy headwinds in 2025, our Precision Scheduled Railroading model again enabled us to control costs and deliver a record core adjusted operating ratio while capitalizing on our unique growth opportunities.
Safety is at the core of everything that we do, and our performance reflects the dedication of our railroaders and their unwavering focus on operational excellence.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.