South Bow (SOBO) FCF Margin (2024 - 2026)
South Bow (SOBO) reported FCF Margin of 57.85% for Q3 2026, up 4.06 percentage points from 53.80% a year earlier and up 7.85 percentage points from the prior quarter.
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Analysis
South Bow (SOBO) FCF Margin (2024 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, South Bow's FCF Margin came in at 33.43%, up 14.00 percentage points year-over-year; for FY2025, it was 27.14%, up 7.94 percentage points from FY2024.
- By year, FCF Margin came in at 19.20% in FY2024 (-17.81 pp) and 37.01% in FY2023.
- The Q3 2026 figure ranks as the highest quarterly FCF Margin since Q3 2024.
- Year over year, FCF Margin has now increased in each of the last four quarters, with an average year-over-year change of +8.85 percentage points over the last seven quarters.
- Per Business Quant data, the three quarters before Q3 2026 came in at 50.00% (Q2 2026), 43.38% (Q1 2026) and -18.69% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 3.87% |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | 6.28% |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | -30.53% |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | 12.03% |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 5.76% |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | - |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | 28.09% |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | 2.15% |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | 18.92% |
| 10 | South Bow | 6.47 Bn | 4.03 Bn | 407.00 Mn | 57.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 57.85% |
| Jun 30, 2026 | 50.00% |
| Mar 31, 2026 | 43.38% |
| Dec 31, 2025 | -20.28% |
| Sep 30, 2025 | 55.53% |
| Jun 30, 2025 | 43.51% |
| Mar 31, 2025 | 31.53% |
| Dec 31, 2024 | -51.23% |
| Sep 30, 2024 | 79.03% |
| Jun 30, 2024 | 20.04% |
| Mar 31, 2024 | 22.79% |
API Access
South Bow FCF 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=fcf-margin&ticker=SOBO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "SOBO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=SOBO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();