Growth Metrics

South Bow (SOBO) Operating Margin (2024 - 2026)

South Bow has reported Operating Margin over the past 3 years, most recently at 45.62% for Q1 2026.

  • For Q1 2026, Operating Margin fell 317.0% year-over-year to 45.62%; the TTM value through Mar 2026 reached 19.35%, up 344.0%, while the annual FY2025 figure was 20.24%, 284.0% up from the prior year.
  • Operating Margin for Q1 2026 was 45.62% at South Bow, up from 60.24% in the prior quarter.
  • Over five years, Operating Margin peaked at 51.84% in Q1 2024 and troughed at 82.58% in Q4 2024.
  • A 3-year average of 20.8% and a median of 45.62% in 2026 define the central range for Operating Margin.
  • Biggest five-year swings in Operating Margin: surged 2234bps in 2025 and later tumbled -317bps in 2026.
  • Year by year, Operating Margin stood at 82.58% in 2024, then grew by 27bps to 60.24% in 2025, then surged by 176bps to 45.62% in 2026.
  • Business Quant data shows Operating Margin for SOBO at 45.62% in Q1 2026, 60.24% in Q4 2025, and 46.2% in Q3 2025.