Enbridge (ENB) Gross Margin (2012 - 2026)
Enbridge (ENB) posted quarterly Gross Margin of 24.69% for Q2 2026, down 2148.0% year-over-year from 1.21% in Q2 2025, and down 39.97% on a QoQ basis from 41.12% in Q1 2026.
Enbridge (ENB) Gross Margin (2012 - 2026) Analysis & Trends
Enbridge has reported Gross Margin for 15 years, with the latest figure at 24.69% in Q2 2026.
- Gross Margin for Q2 2026 came in at 24.69%, down 2148.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 37.4% (down 869.0% YoY), and the FY2025 annual result was 47.3%, down 304.0% from the prior year.
- Gross Margin retreated to 24.69% in Q2 2026, from 41.12% in the prior quarter.
- Over five years, Gross Margin peaked at 63.71% in Q1 2024 and troughed at 24.69% in Q2 2026.
- A 5-year average of 48.46% and a median of 48.12% in 2024 frame the typical range for Gross Margin.
- The widest annual swing landed in 2023, when Gross Margin jumped 1830 bps; it then plunged 2148 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 54.04% in 2022, then increased by 8 bps to 58.46% in 2023, then declined by 19 bps to 47.51% in 2024, then rose by 3 bps to 48.72% in 2025, then tumbled by 49 bps to 24.69% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 24.69% in Q2 2026, 41.12% in Q1 2026, and 48.72% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 68.62% |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 24.69% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 21.55% |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 95.91% |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 82.28% |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 23.30% |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 48.15% |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 92.34% |
| 10 | Venture Global | 34.44 Bn | 31.22 Bn | 2.92 Bn | 63.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.69% |
| Mar 31, 2026 | 41.12% |
| Dec 31, 2025 | 48.72% |
| Sep 30, 2025 | 43.94% |
| Jun 30, 2025 | 46.17% |
| Mar 31, 2025 | 49.55% |
| Dec 31, 2024 | 47.51% |
| Sep 30, 2024 | 40.43% |
| Jun 30, 2024 | 54.37% |
| Mar 31, 2024 | 63.71% |
| Dec 31, 2023 | 58.46% |
| Sep 30, 2023 | 52.78% |
| Jun 30, 2023 | 56.39% |
| Mar 31, 2023 | 61.61% |
| Dec 31, 2022 | 54.04% |
| Sep 30, 2022 | 45.56% |
| Jun 30, 2022 | 38.09% |
| Mar 31, 2022 | 45.08% |
| Dec 31, 2021 | 46.81% |
| Sep 30, 2021 | 35.92% |