Enbridge (ENB) Net Margin (2011 - 2026)
Enbridge (ENB) posted quarterly Net Margin of 7.47% for Q1 2026, down 475.0% year-on-year from 1.99% in Q1 2025, and down 34.23% on a QoQ basis from 11.36% in Q4 2025.
Enbridge (ENB) Net Margin (2011 - 2026) Analysis & Trends
Enbridge (ENB) has reported Net Margin for 16 consecutive years, with 7.47% the latest figure, recorded in Q1 2026.
- Quarterly Net Margin fell 475.0% year-over-year to 7.47% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 9.37% (down 30.0% YoY) and the FY2025 annual result came in at 10.85%, up 140.0% from the prior year.
- Net Margin retreated to 7.47% in Q1 2026 per ENB's latest filing, from 11.36% in the prior quarter.
- Over the last five years, Net Margin for ENB reached as high as 17.71% in Q2 2023 and fell as low as 7.95% in Q4 2022.
- A 5-year average of 9.6% and a median of 11.36% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin tumbled 2270 bps — and 2023, when it soared 2323 bps.
- Year by year, Net Margin stood at 7.95% in 2022, then jumped by 292 bps to 15.28% in 2023, then sank by 80 bps to 3.04% in 2024, then surged by 274 bps to 11.36% in 2025, then sank by 34 bps to 7.47% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 7.47%, 11.36%, and 4.66% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.32% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 21.07% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 19.97% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.40% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.05% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 4.30% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 11.71% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 8.07% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 39.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.47% |
| Dec 31, 2025 | 11.36% |
| Sep 30, 2025 | 4.66% |
| Jun 30, 2025 | 14.63% |
| Mar 31, 2025 | 12.22% |
| Dec 31, 2024 | 3.04% |
| Sep 30, 2024 | 8.69% |
| Jun 30, 2024 | 16.30% |
| Mar 31, 2024 | 12.86% |
| Dec 31, 2023 | 15.28% |
| Sep 30, 2023 | 5.40% |
| Jun 30, 2023 | 17.71% |
| Mar 31, 2023 | 14.35% |
| Dec 31, 2022 | -7.95% |
| Sep 30, 2022 | 11.05% |
| Jun 30, 2022 | 3.41% |
| Mar 31, 2022 | 12.76% |
| Dec 31, 2021 | 14.76% |
| Sep 30, 2021 | 5.95% |
| Jun 30, 2021 | 12.73% |