Enbridge (ENB) Net Margin (2011 - 2026)
Enbridge (ENB) posted Net Margin of 4.76% for Q2 2026, down 9.87 percentage points from 14.63% a year earlier and down 2.71 percentage points from the prior quarter.
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Analysis
Enbridge (ENB) Net Margin (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Enbridge was 6.82%, down 2.82 percentage points year-over-year; for FY2025, it came in at 10.85%, up 1.40 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +3.22 percentage points (FY2020 to FY2025).
- In prior years, Enbridge's Net Margin was 9.45% in FY2024 (-3.93 pp), 13.38% in FY2023 (+8.52 pp), 4.86% in FY2022 (-7.50 pp) and 12.36% in FY2021 (+4.72 pp).
- Quarterly Net Margin has run from a low of -7.95% in Q4 2022 to a high of 17.71% in Q2 2023 over five years.
- On a year-over-year basis, Net Margin increased in two of the last eight quarters, with an average year-over-year change of -2.70 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2023, with a gain of 23.23 percentage points; the weakest was Q4 2022, with a drop of 22.70 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 7.47% (Q1 2026), 11.36% (Q4 2025) and 4.66% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 101.88 Bn | 99.42 Bn | 4.84 Bn | 4.76% |
| 2 | Enterprise Products Partners | 77.78 Bn | 76.22 Bn | - | 10.07% |
| 3 | Energy Transfer | 68.56 Bn | 62.00 Bn | 7.40 Bn | 5.90% |
| 4 | Kinder Morgan | 67.77 Bn | 68.72 Bn | 3.07 Bn | 19.37% |
| 5 | Tc Energy | 60.65 Bn | 63.72 Bn | 2.81 Bn | 24.94% |
| 6 | Targa Resources | 58.65 Bn | 58.26 Bn | 2.14 Bn | 17.22% |
| 7 | Mplx | 57.82 Bn | 51.38 Bn | 2.91 Bn | 32.82% |
| 8 | Cheniere Energy | 55.20 Bn | 55.33 Bn | 5.29 Bn | 53.52% |
| 9 | Oneok | 54.77 Bn | 53.26 Bn | 2.81 Bn | 8.02% |
| 10 | Venture Global | 31.21 Bn | 25.77 Bn | 2.92 Bn | 29.42% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.76% |
| 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% |
API Access
Enbridge Net 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=net-margin&ticker=ENB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ENB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();