KPIs & Operating Metrics(New)
Growth Metrics

Enbridge (ENB) Operating Margin (2016 - 2026)

Enbridge has reported Operating Margin over the past 13 years, most recently at 15.87% for Q4 2025.

  • Quarterly Operating Margin rose 78.0% to 15.87% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 16.78% through Dec 2025, down 130.0% year-over-year, with the annual reading at 37.36% for FY2025, 9.0% up from the prior year.
  • Operating Margin was 15.87% for Q4 2025 at Enbridge, up from 15.51% in the prior quarter.
  • Over five years, Operating Margin peaked at 24.56% in Q1 2024 and troughed at 4.02% in Q4 2022.
  • The 5-year median for Operating Margin is 16.18% (2023), against an average of 16.26%.
  • Year-over-year, Operating Margin plummeted -2049bps in 2022 and then surged 2035bps in 2023.
  • A 5-year view of Operating Margin shows it stood at 16.46% in 2021, then tumbled by -124bps to 4.02% in 2022, then soared by 506bps to 16.33% in 2023, then fell by -8bps to 15.09% in 2024, then grew by 5bps to 15.87% in 2025.
  • Per Business Quant, the three most recent readings for ENB's Operating Margin are 15.87% (Q4 2025), 15.51% (Q3 2025), and 15.39% (Q2 2025).