South Bow (SOBO) Gross Margin (2024 - 2026)
South Bow (SOBO) posted Gross Margin of 88.83% for Q2 2026, up 4.59% on a QoQ basis from 84.93% in Q1 2026, and up 390.0% year-over-year from 18.13% in Q2 2025.
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South Bow (SOBO) Gross Margin (2024 - 2026) Analysis & Trends
South Bow has reported Gross Margin for 3 years, with the latest figure at 88.83% in Q2 2026.
- On a quarterly basis, Gross Margin rose 390.0% year-over-year to 88.83% in Q2 2026; TTM through Jun 2026 was 85.76%, a 308.0% increase from a year earlier, with the FY2025 full-year figure at 84.24%, up 198.0% from the prior year.
- Gross Margin was 88.83% for Q2 2026 at South Bow, up from 84.93% in the prior quarter.
- The five-year high for Gross Margin was 88.83% in Q2 2026, with the low at 80.94% in Q4 2024.
- Average Gross Margin over 3 years is 83.95%, with a median of 84.03% recorded in 2025.
- The largest YoY upside for Gross Margin was 514 bps in 2025 against a maximum downside of 216 bps in 2025.
- Over 3 years, Gross Margin stood at 80.94% in 2024, then gained by 6 bps to 86.08% in 2025, then increased by 3 bps to 88.83% in 2026.
- The last three Gross Margin figures came in at 88.83% (Q2 2026), 84.93% (Q1 2026), and 86.08% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 68.62% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | - |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 21.55% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 62.88% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 48.15% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 82.28% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 23.30% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 24.69% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 43.36% |
| 10 | South Bow | 7.72 Bn | 6.95 Bn | 485.00 Mn | 88.83% |
Historic Data
Download Data
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% |