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

South Bow Corporation (SOBO) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, South Bow Corporation (SOBO) trades at a price to free cash flow of 9.7×. Over the past ten years it has ranged from 3.5× (October 2024) to 16.8× (October 2025); the current reading is higher than 12% of that period. That is above the Oil & Gas Midstream industry median of 8.5× and above the Energy sector median of 8.9×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 10.6× (3.87%)
FY2024 11.0× 216.31%
FY2023 3.5× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 10.8× (6.18%)
Mar 2026 11.5× 8.12%
Dec 2025 10.6× (35.33%)
Sep 2025 16.4× 53.59%
6 more quarters

Against its own ten years

Low 3.5× High 16.8×
Ten-year median 11.5×
Current reading's percentile 12

Price to free cash flow against peers

Company Price to free cash flow
GLNG Golar LNG Limited compare n/m
CMBT CMB.TECH nv compare n/m
STNG Scorpio Tankers Inc. compare 2.0×
HESM Hess Midstream Partners LP compare 4.3×
FRO Frontline PLC compare 5.9×
AM Antero Midstream Corporation compare 5.9×
INSW International Seaways Inc. compare 6.2×
SOBO South Bow Corporation 9.7×
KNTK Kinetik Holdings Inc. compare 16.7×
Oil & Gas Midstream industry median 8.5×
Energy sector median 8.9×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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