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Friday 6 November 2026 Export SOBO’s income statement to Excel — free account

South Bow Corporation

SOBO Energy Oil & Gas Midstream

South Bow Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, down 6.32% from fiscal 2024.

Revenue
+4.20%
EPS
+39.1%
Free cash flow
+48.8%
Total debt
−0.69%

Quarter to June 2026, against a year earlier

31.75 2.30 −6.75%
Market cap
$6.6B
P/E
14.4×
Fwd P/E
19.5×
Dividend yield
6.30%
F-score
6/9
Altman Z
0.89
Beneish M
−2.63
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

South Bow Corporation (SOBO) Free cash flow margin

Alert me on Free cash flow margin

South Bow Corporation's free cash flow margin over the twelve months to 30 June 2026 was 34.1%, up 7.0 percentage points from fiscal 2025 (27.1%). That is above the Oil & Gas Midstream industry median of 14.4% and above the Energy sector median of 6.87%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 27.1% 6.15
FY2024 21.0% (20.66)
FY2023 41.7% —

Free cash flow margin against peers

Company Free cash flow margin
STNG Scorpio Tankers Inc. compare 153.5%
AM Antero Midstream Corporation compare 121.8%
HESM Hess Midstream Partners LP compare 56.2%
FRO Frontline PLC compare 56.2%
INSW International Seaways Inc. compare 51.7%
SOBO South Bow Corporation 34.1%
KNTK Kinetik Holdings Inc. compare 11.9%
CMBT CMB.TECH nv compare 0.00%
GLNG Golar LNG Limited compare −96.5%
Oil & Gas Midstream industry median 14.4%
Energy sector median 6.87%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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