CP vs. WAB
Compare and contrast key facts about Canadian Pacific Railway Limited (CP) and Westinghouse Air Brake Technologies Corporation (WAB).
Performance
CP vs. WAB - Performance Comparison
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CP vs. WAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CP Canadian Pacific Railway Limited | 7.05% | 2.60% | -7.84% | 6.85% | 4.71% | 4.64% | 37.33% | 45.04% | -1.81% | 29.32% |
WAB Westinghouse Air Brake Technologies Corporation | 17.22% | 13.15% | 50.14% | 27.96% | 9.07% | 26.53% | -5.23% | 11.46% | -13.26% | -1.36% |
Fundamentals
CP:
$70.67B
WAB:
$42.73B
CP:
$4.54
WAB:
$7.87
CP:
17.31
WAB:
31.77
CP:
5.63
WAB:
0.72
CP:
4.76
WAB:
3.83
CP:
1.51
WAB:
3.82
CP:
$15.08B
WAB:
$11.17B
CP:
$9.38B
WAB:
$3.81B
CP:
$8.38B
WAB:
$2.18B
Returns By Period
In the year-to-date period, CP achieves a 7.05% return, which is significantly lower than WAB's 17.22% return. Both investments have delivered pretty close results over the past 10 years, with CP having a 12.58% annualized return and WAB not far ahead at 12.68%.
CP
- 1D
- 1.47%
- 1M
- -10.01%
- YTD
- 7.05%
- 6M
- 6.06%
- 1Y
- 13.01%
- 3Y*
- 1.53%
- 5Y*
- 1.25%
- 10Y*
- 12.58%
WAB
- 1D
- 5.28%
- 1M
- -5.32%
- YTD
- 17.22%
- 6M
- 24.96%
- 1Y
- 38.49%
- 3Y*
- 35.95%
- 5Y*
- 26.62%
- 10Y*
- 12.68%
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Return for Risk
CP vs. WAB — Risk / Return Rank
CP
WAB
CP vs. WAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Pacific Railway Limited (CP) and Westinghouse Air Brake Technologies Corporation (WAB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CP | WAB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 1.44 | -0.90 |
Sortino ratioReturn per unit of downside risk | 1.04 | 2.06 | -1.02 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.76 | -1.88 |
Martin ratioReturn relative to average drawdown | 1.76 | 6.12 | -4.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CP | WAB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.44 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 1.05 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.41 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.35 | -0.02 |
Correlation
The correlation between CP and WAB is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CP vs. WAB - Dividend Comparison
CP's dividend yield for the trailing twelve months is around 0.84%, more than WAB's 0.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CP Canadian Pacific Railway Limited | 0.84% | 0.86% | 0.76% | 0.78% | 0.96% | 0.84% | 0.76% | 0.93% | 1.07% | 0.92% | 0.98% | 0.98% |
WAB Westinghouse Air Brake Technologies Corporation | 0.42% | 0.47% | 0.42% | 0.54% | 0.60% | 0.52% | 0.66% | 0.62% | 0.68% | 0.54% | 0.43% | 0.39% |
Drawdowns
CP vs. WAB - Drawdown Comparison
The maximum CP drawdown since its inception was -69.17%, roughly equal to the maximum WAB drawdown of -71.85%. Use the drawdown chart below to compare losses from any high point for CP and WAB.
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Drawdown Indicators
| CP | WAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.17% | -71.85% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -16.23% | -13.82% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -23.55% | -2.33% |
Max Drawdown (10Y)Largest decline over 10 years | -33.70% | -64.08% | +30.38% |
Current DrawdownCurrent decline from peak | -12.42% | -5.62% | -6.80% |
Average DrawdownAverage peak-to-trough decline | -20.36% | -24.10% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.15% | 6.24% | +1.91% |
Volatility
CP vs. WAB - Volatility Comparison
The current volatility for Canadian Pacific Railway Limited (CP) is 5.78%, while Westinghouse Air Brake Technologies Corporation (WAB) has a volatility of 8.79%. This indicates that CP experiences smaller price fluctuations and is considered to be less risky than WAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CP | WAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 8.79% | -3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.21% | 15.83% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.97% | 26.83% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.31% | 25.59% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.63% | 31.23% | -5.60% |
Financials
CP vs. WAB - Financials Comparison
This section allows you to compare key financial metrics between Canadian Pacific Railway Limited and Westinghouse Air Brake Technologies Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CP vs. WAB - Profitability Comparison
CP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canadian Pacific Railway Limited reported a gross profit of 2.96B and revenue of 3.92B. Therefore, the gross margin over that period was 75.5%.
WAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Westinghouse Air Brake Technologies Corporation reported a gross profit of 966.00M and revenue of 2.97B. Therefore, the gross margin over that period was 32.6%.
CP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canadian Pacific Railway Limited reported an operating income of 1.61B and revenue of 3.92B, resulting in an operating margin of 41.1%.
WAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Westinghouse Air Brake Technologies Corporation reported an operating income of 356.00M and revenue of 2.97B, resulting in an operating margin of 12.0%.
CP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canadian Pacific Railway Limited reported a net income of 1.08B and revenue of 3.92B, resulting in a net margin of 27.5%.
WAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Westinghouse Air Brake Technologies Corporation reported a net income of 378.00M and revenue of 2.97B, resulting in a net margin of 12.8%.