South Bow (SOBO) FCF Margin (2024 - 2026)

South Bow (SOBO) posted FCF Margin of 41.75% for Q1 2026, up 21101.02% on a QoQ basis from 0.2% in Q4 2025, and up 2308.0% year-on-year from 1.73% in Q1 2025.

South Bow (SOBO) FCF Margin (2024 - 2026) Analysis & Trends

South Bow has disclosed FCF Margin across 3 years of filings, most recently posting 41.75% for Q1 2026.

  • FCF Margin for Q1 2026 came in at 41.75%, up 2308.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 10.51% (up 390.0% YoY), and the FY2025 annual result was 34.64%, up 1059.0% from the prior year.
  • FCF Margin came in at 41.75% for Q1 2026 at South Bow, up from 0.2% in the prior quarter.
  • Over the last five years, FCF Margin for SOBO reached as high as 41.75% in Q1 2026 and fell as low as 2.05% in Q4 2024.
  • Median FCF Margin over the past 3 years was 2.21% (2024), compared with a mean of 7.96%.
  • Year-over-year, FCF Margin slumped 879 bps in 2025 and jumped 2308 bps in 2026.
  • Over 3 years, FCF Margin stood at 2.05% in 2024, then jumped by 90 bps to 0.2% in 2025, then jumped by 21101 bps to 41.75% in 2026.
  • Per Business Quant, the three latest SOBO FCF Margin figures stand at 41.75% (Q1 2026), 0.2% (Q4 2025), and 2.82% (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn -0.43%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 28.13%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 3.38%
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 5.26%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn -3.91%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 25.41%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 0.73%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 24.42%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn -52.58%
10 South Bow - - 417.00 Mn 41.75%

Historic Data

Download Data
DateValue
Mar 31, 2026 41.75%
Dec 31, 2025 38.37%
Sep 30, 2025 47.07%
Jun 30, 2025 35.31%
Mar 31, 2025 18.67%
Dec 31, 2024 -9.02%
Sep 30, 2024 79.03%
Jun 30, 2024 14.98%
Mar 31, 2024 22.79%