South Bow (SOBO) Net Margin (2024 - 2026)
South Bow (SOBO) reported Net Margin of 19.68% for Q3 2026, down 0.49 percentage points from 20.17% a year earlier and down 4.86 percentage points from the prior quarter.
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Analysis
South Bow (SOBO) Net Margin (2024 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, South Bow's Net Margin came in at 22.81%, up 11.24 percentage points year-over-year; for FY2025, it was 21.80%, up 6.90 percentage points from FY2024.
- By year, Net Margin came in at 14.91% in FY2024 (-7.14 pp) and 22.04% in FY2023.
- Five-year quarterly Net Margin spans a low of -3.21% in Q1 2025 and a high of 31.01% in Q4 2025.
- Year over year, Net Margin gained in five of the last seven quarters, with an average year-over-year change of +4.54 percentage points.
- Per Business Quant data, the three quarters before Q3 2026 came in at 24.54% (Q2 2026), 15.68% (Q1 2026) and 31.01% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.29 Bn | 97.89 Bn | 4.84 Bn | 4.76% |
| 2 | Enterprise Products Partners | 79.85 Bn | 78.21 Bn | - | 9.05% |
| 3 | Williams Companies | 79.33 Bn | 76.36 Bn | 2.59 Bn | 30.65% |
| 4 | Kinder Morgan | 66.78 Bn | 65.63 Bn | 2.97 Bn | 16.86% |
| 5 | Energy Transfer | 65.10 Bn | 60.93 Bn | 6.57 Bn | 3.07% |
| 6 | Tc Energy | 64.42 Bn | 61.18 Bn | - | - |
| 7 | Cheniere Energy | 58.11 Bn | 52.26 Bn | 2.97 Bn | 18.95% |
| 8 | Targa Resources | 56.77 Bn | 56.23 Bn | 2.02 Bn | 11.76% |
| 9 | Mplx | 56.70 Bn | 50.73 Bn | 3.19 Bn | 32.29% |
| 10 | South Bow | 6.47 Bn | 4.03 Bn | 407.00 Mn | 19.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.68% |
| Jun 30, 2026 | 24.54% |
| Mar 31, 2026 | 15.68% |
| Dec 31, 2025 | 31.01% |
| Sep 30, 2025 | 20.17% |
| Jun 30, 2025 | 18.32% |
| Mar 31, 2025 | -3.21% |
| Dec 31, 2024 | 11.27% |
| Sep 30, 2024 | 11.42% |
| Jun 30, 2024 | 15.88% |
| Mar 31, 2024 | 20.59% |
API Access
South Bow Net 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=net-margin&ticker=SOBO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SOBO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();