South Bow Financial Statements
NYSE: SOBOEnergyNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
South Bow revenue and earnings
In fiscal 2025, South Bow generated $1.99 billion in revenue, down 6.3% from fiscal 2024, the first decline in the 3 years shown. Net income was $433.0 million (+37.0% year over year), for a net margin of 21.8% versus a median of 18.5% in the prior 2 years. Gross margin was 84.2% (up from 82.3%).
Diluted earnings per share came in at $2.07, up from $1.52. Over the last 2 fiscal years, SOBO's revenue has grown at a -0.5% compound annual rate (a contraction).
Summary generated from market data by MetaCap's automated system. Methodology
South Bow income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 |
|---|---|---|---|
| Revenue | 1.99B | 2.12B | 2.00B |
| Revenue growth (YoY) | -6.32% | +5.74% | — |
| Cost of Revenue | 313.00M | 376.00M | 351.00M |
| Gross Profit | 1.67B | 1.74B | 1.65B |
| Operating Expenses | — | 653.00M | 580.00M |
| Operating Income | — | 1.09B | 1.07B |
| Interest Expense | 331.00M | 388.00M | 220.00M |
| Other Income (Expense) | 41.00M | 12.00M | 32.00M |
| Pretax Income | 497.00M | 418.00M | 562.00M |
| Income Tax | 64.00M | 102.00M | 120.00M |
| Net Income | 433.00M | 316.00M | 442.00M |
| Net Income growth (YoY) | +37.03% | -28.51% | — |
| EPS (Basic) | 2.08 | 1.52 | 2.13 |
| EPS (Diluted) | 2.07 | 1.52 | 2.13 |
| Shares Outstanding (Basic) | 208.20M | 207.60M | 207.60M |
| Shares Outstanding (Diluted) | 208.80M | 208.20M | 207.60M |
| EBITDA | — | 1.34B | 1.32B |
| Gross Margin | 84.24% | 82.26% | 82.49% |
| Operating Margin | — | 51.46% | 53.57% |
| Net Margin | 21.80% | 14.91% | 22.04% |
This table shows 3 annual periods of South Bow's income statement, from FY 2025 back to FY 2023, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SOBO's reporting calendar. What is a income statement?