Enbridge (ENB) Return on Capital Employed [ROCE] (2015 - 2026)
Enbridge (ENB) posted Return on Capital Employed [ROCE] of 5.40% for Q2 2026, up 0.07 percentage points from 5.33% a year earlier and up 0.14 percentage points from the prior quarter.
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Analysis
Enbridge (ENB) Return on Capital Employed [ROCE] (2015 - 2026) Analysis & Trends
For FY2025, Enbridge's Return on Capital Employed [ROCE] came in at 5.48%, up 0.03 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for three consecutive years, with a five-year change of +0.12 percentage points (FY2020 to FY2025).
- In prior years, Enbridge's Return on Capital Employed [ROCE] was 5.45% in FY2024 (+0.23 pp), 5.21% in FY2023 (+1.92 pp), 3.30% in FY2022 (-2.23 pp) and 5.53% in FY2021 (+0.17 pp).
- Quarterly Return on Capital Employed [ROCE] has run from a low of 3.37% in Q4 2022 to a high of 5.50% in Q4 2025 over five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] increased in six of the last eight quarters, with an average year-over-year change of +0.28 percentage points.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q4 2023, with a gain of 1.98 percentage points; the weakest was Q4 2022, with a drop of 1.91 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 5.26% (Q1 2026), 5.50% (Q4 2025) and 5.28% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 105.07 Bn | 100.67 Bn | 4.84 Bn | 5.52% |
| 2 | Williams Companies | 87.70 Bn | 86.41 Bn | 2.54 Bn | 8.70% |
| 3 | Enterprise Products Partners | 80.26 Bn | 78.65 Bn | - | 12.27% |
| 4 | Kinder Morgan | 76.72 Bn | 76.42 Bn | 3.07 Bn | 7.68% |
| 5 | Energy Transfer | 70.39 Bn | 63.58 Bn | 7.40 Bn | 8.43% |
| 6 | Targa Resources | 64.89 Bn | 64.36 Bn | 2.14 Bn | 15.72% |
| 7 | Tc Energy | 64.81 Bn | 60.90 Bn | 2.81 Bn | - |
| 8 | Cheniere Energy | 62.36 Bn | 57.18 Bn | 5.29 Bn | 15.05% |
| 9 | Oneok | 60.47 Bn | 58.86 Bn | 2.81 Bn | 9.99% |
| 10 | Mplx | 60.06 Bn | 53.62 Bn | 2.91 Bn | 14.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.52% |
| Mar 31, 2026 | 5.25% |
| Dec 31, 2025 | 5.49% |
| Sep 30, 2025 | 5.27% |
| Jun 30, 2025 | 5.29% |
| Mar 31, 2025 | 5.42% |
| Dec 31, 2024 | 5.19% |
| Sep 30, 2024 | 4.91% |
| Jun 30, 2024 | 4.82% |
| Mar 31, 2024 | 5.05% |
| Dec 31, 2023 | 5.30% |
| Sep 30, 2023 | 3.90% |
| Jun 30, 2023 | 3.89% |
| Mar 31, 2023 | 3.46% |
| Dec 31, 2022 | 3.45% |
| Sep 30, 2022 | 5.06% |
| Jun 30, 2022 | 4.82% |
| Mar 31, 2022 | 5.02% |
| Dec 31, 2021 | 5.34% |
| Sep 30, 2021 | 5.39% |
API Access
Enbridge Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=ENB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=ENB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();