Enbridge (ENB) FCF Margin (2012 - 2026)
Enbridge's FCF Margin came in at 3.87% for Q2 2026, down 5.12 percentage points from 8.99% a year earlier but up 4.31 percentage points from the prior quarter.
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Analysis
Enbridge (ENB) FCF Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Enbridge reported FCF Margin of 2.00%, down 5.97 percentage points year-over-year; for FY2025, it came in at 5.06%, down 5.96 percentage points from FY2024.
- FCF Margin carries a five-year change of -6.14 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 11.01% in FY2024 (-10.86 pp), 21.87% in FY2023 (+9.52 pp), 12.35% in FY2022 (+9.29 pp) and 3.05% in FY2021 (-8.14 pp).
- The five-year range for quarterly FCF Margin is -0.43% (Q1 2026) to 23.73% (Q2 2023).
- Year-over-year, FCF Margin has declined for ten consecutive quarters, with an average year-over-year change of -7.99 percentage points over the last eight quarters.
- The fastest year-over-year change in FCF Margin over five years came in Q4 2022 (a gain of 16.49 percentage points), and the weakest in Q4 2024 (a drop of 14.73 percentage points).
- Business Quant data shows ENB's FCF Margin at -0.43% (Q1 2026), 0.48% (Q4 2025) and 3.74% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 3.87% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 11.07% |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 7.88% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 21.84% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 92.82% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 9.71% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 26.48% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 11.95% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 6.94% |
| 10 | Venture Global | 32.11 Bn | 26.66 Bn | 2.92 Bn | -35.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.87% |
| Mar 31, 2026 | -0.43% |
| Dec 31, 2025 | 0.48% |
| Sep 30, 2025 | 3.74% |
| Jun 30, 2025 | 8.99% |
| Mar 31, 2025 | 7.19% |
| Dec 31, 2024 | 6.88% |
| Sep 30, 2024 | 9.01% |
| Jun 30, 2024 | 12.93% |
| Mar 31, 2024 | 17.81% |
| Dec 31, 2023 | 21.61% |
| Sep 30, 2023 | 19.23% |
| Jun 30, 2023 | 23.73% |
| Mar 31, 2023 | 22.67% |
| Dec 31, 2022 | 16.17% |
| Sep 30, 2022 | 8.14% |
| Jun 30, 2022 | 11.96% |
| Mar 31, 2022 | 12.53% |
| Dec 31, 2021 | -0.33% |
| Sep 30, 2021 | 1.32% |
API Access
Enbridge FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ENB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ENB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ENB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();