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South Bow Corporation (SOBO)
NYSE: SOBO · Real-Time Price · USD
33.09
+0.31 (0.95%)
Nov 11, 2026, 4:00 PM EST - Market closed

South Bow Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period EndingSep '26 Dec '25 Dec '24 Dec '23
Revenue
2,0431,9862,1202,005
Revenue Growth
3.65%-6.32%5.74%-
Gross Profit
1,0169741,038947
Operating Income
773724774700
Net Income
466433316442
Earnings Per Share
2.232.071.522.13
EPS Growth
40.20%36.18%-28.61%-

Revenue by Segment
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period EndingSep '26 Dec '25 Dec '24 Dec '23
Keystone Pipeline System Segment
1,6391,5651,6431,556
Marketing Segment
378403453432
Intra-Alberta & Other Segment
26182417
Revenue (Total)
2,0431,9862,1202,005

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023
Period EndingSep '26 Dec '25 Dec '24 Dec '23
Cash & Investments
564549397262
Total Debt
5,4435,7945,7385,973
Net Cash (Debt)
-4,879-5,245-5,341-5,711
Net Cash Growth
----
Net Cash Per Share
-23.37-25.12-25.65-27.51

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period EndingSep '26 Dec '25 Dec '24 Dec '23
Operating Cash Flow
916717529779
Capital Expenditures
-123-178-122-37
Free Cash Flow
793539407742
Free Cash Flow Growth
136.72%32.43%-45.15%-

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023
Period EndingSep '26 Dec '25 Dec '24 Dec '23
Gross Margin
49.73%49.04%48.96%47.23%
Operating Margin
37.84%36.45%36.51%34.91%
Pretax Margin
26.19%25.03%19.72%28.03%
Profit Margin
22.81%21.80%14.91%22.05%
FCF Margin
38.81%27.14%19.20%37.01%

Dividends
Chart
Fiscal Year
CurrentFY 2025FY 2024
Period EndingNov '26 Dec '25 Dec '24
Dividend Per Share
2.0002.0000.500
Dividend Per Share Growth
0%300.00%-
Dividend Yield
6.04%7.26%2.13%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023
Period EndingNov '26 Dec '25 Dec '24 Dec '23
PE Ratio
14.9013.2415.49-
P/FCF Ratio
8.7010.6412.02-
PS Ratio
3.382.892.31-