South Bow (SOBO) EBITDA Margin (2024 - 2026)
South Bow's (SOBO) quarterly EBITDA Margin came in at 52.34% in Q1 2026, down 107.0% year-on-year from 747.75% in Q1 2025, and up 186.89% quarter-over-quarter from 60.24% in Q4 2025.
South Bow (SOBO) EBITDA Margin (2024 - 2026) Analysis & Trends
South Bow's EBITDA Margin history runs 3 years deep, the most recent figure standing at 52.34% for Q1 2026.
- On a quarterly basis, EBITDA Margin fell 107.0% year-over-year to 52.34% in Q1 2026; TTM through Mar 2026 was 21.02%, a 400.0% increase from a year earlier, with the FY2025 full-year figure at 20.24%, up 284.0% from the prior year.
- EBITDA Margin rose to 52.34% in Q1 2026 per SOBO's latest filing, from 60.24% in the prior quarter.
- Across five years, EBITDA Margin topped out at 53.41% in Q1 2025 and bottomed at 82.58% in Q4 2024.
- The 3-year median for EBITDA Margin is 46.2% (2025), against an average of 22.06%.
- Across the five-year window, EBITDA Margin jumped 2234 bps in 2025 and tumbled 107 bps in 2026, its largest moves.
- Year by year, EBITDA Margin stood at 82.58% in 2024, then increased by 27 bps to 60.24% in 2025, then jumped by 187 bps to 52.34% in 2026.
- Per Business Quant, the three latest SOBO EBITDA Margin figures stand at 52.34% (Q1 2026), 60.24% (Q4 2025), and 46.2% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 71.56% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 79.97% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 30.06% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 13.17% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.10% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 10.74% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.68% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 14.85% |
| 10 | South Bow | 8.06 Bn | 7.46 Bn | 417.00 Mn | 52.34% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 52.34% |
| Dec 31, 2025 | -60.24% |
| Sep 30, 2025 | 46.20% |
| Jun 30, 2025 | 47.52% |
| Mar 31, 2025 | 53.41% |
| Dec 31, 2024 | -82.58% |
| Sep 30, 2024 | 45.32% |
| Jun 30, 2024 | 44.77% |
| Mar 31, 2024 | 51.84% |