Energy Transfer (ET) vs South Bow (SOBO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Energy Transfer is the larger company by market cap ($70.50 billion vs $6.91 billion), about 10.2 times the size. On valuation, Energy Transfer trades at a lower forward P/E (11.7x vs 17.1x for South Bow). Energy Transfer offers the higher dividend yield (6.57% vs 6.03%).
South Bow converts more of its revenue into profit, with a net margin of 21.8% versus 5.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ET | SOBO |
|---|---|---|
| Share price | $20.48 | $33.15 |
| Market cap | $70.50B | $6.91B |
| 1-day change | -0.70% | -2.05% |
| YTD return | — | +23.19% |
| 1-year return | — | +19.03% |
| P/E ratio (TTM) | 14.02 | 15.07 |
| Forward P/E | 11.74 | 17.07 |
| EPS (TTM) | $1.46 | $2.20 |
| Dividend yield | 6.57% | 6.03% |
| Annual dividend | $1.35 | $2.00 |
| Revenue (latest FY) | $85.54B | $1.99B |
| Revenue growth (YoY) | +3.47% | -6.32% |
| Net income (latest FY) | $4.43B | $433.00M |
| Gross margin | 25.77% | 84.24% |
| Operating margin | 10.55% | — |
| Net margin | 5.18% | 21.80% |
| 52-week high | $21.84 | $39.02 |
| 52-week low | $16.18 | $25.02 |
| Distance from 52-week high | -6.25% | -15.05% |
| Analyst consensus | strong_buy | hold |
| Avg. price target upside | +20.83% | +6.92% |
| Average volume | 8.88M | 618.51K |
| Shares outstanding | 3.44B | 208.59M |
| Employees | 22,311 | — |
| Sector | Energy | Energy |
| Industry | Oil & Gas Midstream | Natural Gas Distribution |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Energy Transfer is about 10.2 times larger than South Bow by market value ($70.50B vs $6.91B).
- South Bow is more profitable, keeping 21.8 cents of every revenue dollar as net income versus 5.2 cents for Energy Transfer.
- Energy Transfer grew revenue faster in its latest fiscal year (+3.47% vs -6.32%).
About Energy Transfer
ET stock →Energy Transfer LP, together with its subsidiaries, provides energy-related services in the United States. It operates through Intrastate Transportation and Storage; Interstate Transportation and Storage; Midstream; Natural Gas Liquid (NGL) and Refined Products Transportation and Services; Crude Oil Transportation and Services; Investment in Sunoco LP; Investment in USA Compression Partners, LP (USAC); and All Other segments.
Energy · Oil & Gas Midstream · 22,311 employees
About South Bow
SOBO stock →South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other.
Energy · Natural Gas Distribution
ET vs SOBO FAQ
Which is bigger, Energy Transfer or South Bow?
Energy Transfer (ET) is larger, with a market capitalization of $70.50B compared with $6.91B for South Bow (SOBO).
Which has the lower P/E ratio, ET or SOBO?
ET has the lower trailing P/E at 14.0, versus 15.1 for SOBO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Energy Transfer or South Bow?
Energy Transfer has the higher yield at 6.57%, compared with 6.03% for South Bow.
Are Energy Transfer and South Bow in the same industry?
Both are in the Energy sector, but in different industries: Oil & Gas Midstream for Energy Transfer and Natural Gas Distribution for South Bow.