South Bow (SOBO) Net Margin (2024 - 2026)
South Bow (SOBO) posted Net Margin of 12.82% for Q2 2026, up 1673.72% on a QoQ basis from 0.81% in Q1 2026, and up 862.0% year-over-year from 1.33% in Q2 2025.
Analysis
South Bow (SOBO) Net Margin (2024 - 2026) Analysis & Trends
South Bow has reported Net Margin for 3 years, with the latest figure at 12.82% in Q2 2026.
- On a quarterly basis, Net Margin rose 862.0% year-over-year to 12.82% in Q2 2026; TTM through Jun 2026 was 10.94%, a 145.0% increase from a year earlier, with the FY2025 full-year figure at 21.8%, up 690.0% from the prior year.
- Net Margin was 12.82% for Q2 2026 at South Bow, up from 0.81% in the prior quarter.
- The five-year high for Net Margin was 30.42% in Q4 2025, with the low at 0.81% in Q1 2026.
- Average Net Margin over 3 years is 14.1%, with a median of 14.75% recorded in 2024.
- The largest YoY upside for Net Margin was 1566 bps in 2025 against a maximum downside of 2483 bps in 2025.
- Over 3 years, Net Margin stood at 14.75% in 2024, then jumped by 106 bps to 30.42% in 2025, then plunged by 58 bps to 12.82% in 2026.
- The last three Net Margin figures came in at 12.82% (Q2 2026), 0.81% (Q1 2026), and 30.42% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 19.97% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 10.16% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 5.90% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 24.94% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 17.22% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 8.03% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 4.76% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 23.70% |
| 10 | South Bow | 7.72 Bn | 6.95 Bn | 485.00 Mn | 12.82% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 12.82% |
| Mar 31, 2026 | -0.81% |
| Dec 31, 2025 | 30.42% |
| Jun 30, 2025 | 4.20% |
| Mar 31, 2025 | 2.01% |
| Dec 31, 2024 | 14.75% |
| Sep 30, 2024 | 16.85% |
| Jun 30, 2024 | 19.86% |
| Mar 31, 2024 | 26.84% |