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Canadian Pacific Kansas City vs FTAI Infrastructure: CP and FIP compared
Canadian Pacific Kansas City is the larger company: $4.2B of revenue in its latest quarter (Q3 2026) against $219M for FTAI Infrastructure (Q3 2026). FTAI Infrastructure is growing faster (+56% against +15% a year earlier). Canadian Pacific Kansas City is more profitable, with an operating margin of 35.2% against 9.0%.
Where the money goes: CP and FIP
Canadian Pacific Kansas City (CP) · Q3 2026
Canadian Pacific Kansas City, Q3 2026: revenue $4.2B (+15% year over year), operating margin 35.2%, net earnings $916M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
FTAI Infrastructure (FIP) · Q3 2026
FTAI Infrastructure, Q3 2026: revenue $219M (+56% year over year), operating margin 9.0%, net loss $123M, operating cash flow $22.0M. The chart follows the revenue to costs, profit and cash.
| Canadian Pacific Kansas City (CP) | FTAI Infrastructure (FIP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.2B | $219M |
| Revenue growth, Y/Y | +15% | +56% |
| Operating margin | 35.2% | 9.0% |
| Net earnings | $916M | −$123M |
| Net margin | 21.7% | -56.2% |
| Operating cash flow | $1.6B | $22.0M |
| Free cash flow | $937M | — |
| Market value | $80.9B | — |
| P/E | 20.9× | — |
| Analysts’ mean target | $97.92 | — |
Where the revenue comes from
Canadian Pacific Kansas City
- Freight: $4.1B (98%)
- Non-freight: $80.0M (2%)
FTAI Infrastructure
- Rail revenues: $94.8M (43%)
- Power Revenues: $60.3M (28%)
- Terminal services revenues: $34.6M (16%)
- Roadside services revenues: $17.3M (8%)
Questions
Which is bigger, Canadian Pacific Kansas City or FTAI Infrastructure?
Canadian Pacific Kansas City is the larger company: $4.2B of revenue in its latest quarter (Q3 2026) against $219M for FTAI Infrastructure (Q3 2026).
Is Canadian Pacific Kansas City or FTAI Infrastructure growing faster?
FTAI Infrastructure is growing faster (+56% against +15% a year earlier).
Which is more profitable, Canadian Pacific Kansas City or FTAI Infrastructure?
Canadian Pacific Kansas City is more profitable, with an operating margin of 35.2% against 9.0%.
More: Canadian Pacific Kansas City earnings · how Canadian Pacific Kansas City makes money · FTAI Infrastructure earnings · how FTAI Infrastructure makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.