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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) Net margin

Alert me on Net margin

South Bow Corporation's net margin over the twelve months to 30 June 2026 was 23.0%, up 1.2 percentage points from fiscal 2025 (21.8%). That is above the Oil & Gas Midstream industry median of 20.1% and above the Energy sector median of 8.44%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 21.8% 6.89
FY2024 14.9% (7.13)
FY2023 22.0% —

Quarterly newest first

Period Net margin Change (points)
Jun 2026 24.5% 8.86
Mar 2026 15.7% (15.33)
Dec 2025 31.0% 10.84
Sep 2025 20.2% 1.85
6 more quarters

Net margin against peers

Company Net margin
STNG Scorpio Tankers Inc. compare 77.1%
INSW International Seaways Inc. compare 68.2%
AM Antero Midstream Corporation compare 53.4%
CMBT CMB.TECH nv compare 51.1%
FRO Frontline PLC compare 49.4%
GLNG Golar LNG Limited compare 35.7%
HESM Hess Midstream Partners LP compare 23.5%
SOBO South Bow Corporation 23.0%
KNTK Kinetik Holdings Inc. compare 0.00%
Oil & Gas Midstream industry median 20.1%
Energy sector median 8.44%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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