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) Return on invested capital

Alert me on Return on invested capital

South Bow Corporation's return on invested capital over the twelve months to 30 June 2026 was 6.54%, up 0.5 percentage points from fiscal 2025 (6.05%). That is above the Oil & Gas Midstream industry median of 6.10% and above the Energy sector median of 5.43%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 6.05% (0.21)
FY2024 6.26% 0.77
FY2023 5.49% —

Return on invested capital against peers

Company Return on invested capital
STNG Scorpio Tankers Inc. compare 27.2%
FRO Frontline PLC compare 19.4%
HESM Hess Midstream Partners LP compare 15.7%
AM Antero Midstream Corporation compare 12.0%
SOBO South Bow Corporation 6.54%
KNTK Kinetik Holdings Inc. compare 5.82%
GLNG Golar LNG Limited compare 3.71%
CMBT CMB.TECH nv compare 0.00%
INSW International Seaways Inc. compare 0.00%
Oil & Gas Midstream industry median 6.10%
Energy sector median 5.43%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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