Enbridge (ENB) Return on Capital Employed (2015 - 2026)
Enbridge (ENB) posted quarterly Return on Capital Employed of 5.26% for Q1 2026, down 8.0% year-on-year from 5.72% in Q1 2025, and down 4.29% on a QoQ basis from 5.5% in Q4 2025.
Enbridge (ENB) Return on Capital Employed (2015 - 2026) Analysis & Trends
Enbridge (ENB) has reported Return on Capital Employed for 11 consecutive years, with 5.26% the latest figure, recorded in Q1 2026.
- Quarterly Return on Capital Employed fell 8.0% year-over-year to 5.26% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.26% (down 8.0% YoY) and the FY2025 annual result came in at 5.48%, up 3.0% from the prior year.
- Return on Capital Employed slipped to 5.26% in Q1 2026 per ENB's latest filing, from 5.5% in the prior quarter.
- Over the last five years, Return on Capital Employed for ENB reached as high as 5.5% in Q4 2025 and fell as low as 3.37% in Q4 2022.
- A 5-year average of 4.8% and a median of 5.02% in 2022 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed plunged 191 bps — and 2023, when it jumped 198 bps.
- Year by year, Return on Capital Employed stood at 3.37% in 2022, then jumped by 59 bps to 5.35% in 2023, then decreased by 4 bps to 5.16% in 2024, then grew by 7 bps to 5.5% in 2025, then fell by 4 bps to 5.26% in 2026.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 5.26%, 5.5%, and 5.28% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 22.21% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 14.37% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 7.68% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 5.26% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 11.93% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | - |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 7.59% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 15.97% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 9.98% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 14.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.26% |
| Dec 31, 2025 | 5.50% |
| Sep 30, 2025 | 5.28% |
| Jun 30, 2025 | 5.33% |
| Mar 31, 2025 | 5.35% |
| Dec 31, 2024 | 5.16% |
| Sep 30, 2024 | 4.93% |
| Jun 30, 2024 | 4.81% |
| Mar 31, 2024 | 5.12% |
| Dec 31, 2023 | 5.35% |
| Sep 30, 2023 | 3.92% |
| Jun 30, 2023 | 3.91% |
| Mar 31, 2023 | 3.46% |
| Dec 31, 2022 | 3.37% |
| Sep 30, 2022 | 4.93% |
| Jun 30, 2022 | 4.84% |
| Mar 31, 2022 | 5.02% |
| Dec 31, 2021 | 5.28% |
| Sep 30, 2021 | 5.33% |
| Jun 30, 2021 | 5.76% |