South Bow (SOBO) Gross Margin (2024 - 2026)
South Bow (SOBO) posted quarterly Gross Margin of 84.93% for Q1 2026, up 180.0% year-over-year from 30.33% in Q1 2025, and down 1.34% quarter-over-quarter from 86.08% in Q4 2025.
South Bow (SOBO) Gross Margin (2024 - 2026) Analysis & Trends
South Bow's Gross Margin history runs 3 years deep, the most recent figure standing at 84.93% for Q1 2026.
- In Q1 2026, Gross Margin rose 180.0% year-over-year to 84.93%; the TTM figure through Mar 2026 stood at 84.69% (up 301.0% YoY), while the FY2025 annual figure was 84.24%, up 198.0% from the prior year.
- Gross Margin for Q1 2026 stood at 84.93%, down from 86.08% in the prior quarter.
- The five-year high for Gross Margin was 86.08% in Q4 2025, with the low at 80.94% in Q4 2024.
- The 3-year median for Gross Margin is 83.13% (2025), against an average of 83.41%.
- Peak annual rise in Gross Margin reached 514 bps in 2025, while the deepest fall reached 216 bps in 2025.
- South Bow's Gross Margin stood at 80.94% in 2024, then increased by 6 bps to 86.08% in 2025, then fell by 1 bps to 84.93% in 2026.
- Business Quant data shows SOBO's Gross Margin at 84.93% in Q1 2026, 86.08% in Q4 2025, and 82.65% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 68.62% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 24.69% |
| 3 | Enterprise Products Partners | 83.55 Bn | 82.64 Bn | - | - |
| 4 | Energy Transfer | 72.76 Bn | 71.73 Bn | 7.40 Bn | 21.55% |
| 5 | Tc Energy | 65.92 Bn | 58.36 Bn | 1.24 Bn | 95.91% |
| 6 | Oneok | 60.17 Bn | 60.01 Bn | 2.81 Bn | 23.30% |
| 7 | Mplx | 60.12 Bn | 59.09 Bn | 2.73 Bn | 82.28% |
| 8 | Targa Resources | 59.64 Bn | 59.50 Bn | 2.14 Bn | 48.15% |
| 9 | Cheniere Energy | 56.21 Bn | 54.95 Bn | 5.29 Bn | 92.34% |
| 10 | South Bow | 7.65 Bn | 7.01 Bn | 417.00 Mn | 84.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 84.93% |
| Dec 31, 2025 | 86.08% |
| Sep 30, 2025 | 82.65% |
| Jun 30, 2025 | 84.92% |
| Mar 31, 2025 | 83.13% |
| Dec 31, 2024 | 80.94% |
| Sep 30, 2024 | 81.65% |
| Jun 30, 2024 | 81.05% |
| Mar 31, 2024 | 85.29% |