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Friday 6 November 2026
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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%
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South Bow Corporation (SOBO) Operating margin
South Bow Corporation's operating margin over the twelve months to 30 June 2026 was 42.8%, up 1.5 percentage points from fiscal 2025 (41.2%). That is above the Oil & Gas Midstream industry median of 34.7% and above the Energy sector median of 15.2%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 41.2% | 1.48 |
| FY2024 | 39.8% | (0.14) |
| FY2023 | 39.9% | — |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 48.9% | 11.02 |
| Mar 2026 | 37.9% | (8.24) |
| Dec 2025 | 46.1% | 9.03 |
| Sep 2025 | 37.1% | (3.37) |
| 6 more quarters | Free account |
Operating margin against peers
| Company | Operating margin |
|---|---|
| STNG Scorpio Tankers Inc. compare | 82.2% |
| AM Antero Midstream Corporation compare | 81.3% |
| HESM Hess Midstream Partners LP compare | 62.7% |
| CMBT CMB.TECH nv compare | 59.2% |
| FRO Frontline PLC compare | 54.1% |
| GLNG Golar LNG Limited compare | 50.5% |
| SOBO South Bow Corporation | 42.8% |
| KNTK Kinetik Holdings Inc. compare | 12.2% |
| INSW International Seaways Inc. compare | 0.00% |
| Oil & Gas Midstream industry median | 34.7% |
| Energy sector median | 15.2% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on SOBO
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- The full statement