South Bow (SOBO) Gross Margin (2024 - 2026)
South Bow's Gross Margin came in at 88.83% for the quarter ended Jun 30, 2026, up 3.90 percentage points from 84.92% a year earlier and up 3.90 percentage points from the prior quarter.
South Bow (SOBO) Gross Margin (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, South Bow reported Gross Margin of 85.76%, up 3.08 percentage points year-over-year; for the year ended Dec 31, 2025, it was 84.24%, up 1.98 percentage points from the prior year.
- Going back by year, Gross Margin was 82.26% in the year ended Dec 31, 2024 (-0.23 pp) and 82.49% in the year ended Dec 31, 2023.
- The figure for the quarter ended Jun 30, 2026 represents the highest quarterly Gross Margin in data going back to the quarter ended Mar 31, 2024.
- Year-over-year, Gross Margin has increased for five consecutive quarters, with an average year-over-year change of +2.26 percentage points over the last six quarters.
- Business Quant data shows SOBO's Gross Margin at 84.93% (quarter ended Mar 31, 2026), 86.08% (quarter ended Dec 31, 2025) and 82.65% (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 22.85% |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | - |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 21.55% |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 68.62% |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 98.16% |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 48.15% |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 87.77% |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 23.30% |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 92.34% |
| 10 | South Bow | 7.08 Bn | 4.80 Bn | 485.00 Mn | 88.83% |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 88.83% |
| 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% |
South Bow Gross 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=gross-margin&ticker=SOBO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=SOBO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();