South Bow revenue and financials
$48.65Change from previous close: +0.70%Absolute change: +$0.34
In the fiscal year ended December 2025, South Bow reported revenue of $1.99B (−6.32% year over year). Net income was $433M, a net margin of 21.8%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −6.32%
- 2025 vs 2024
- Net income growth
- +37.03%
- 2025 vs 2024
- Net margin
- 21.8%
- 2024: 14.9%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating cash flow | 717 | 529 | 779 |
| Depreciation and amortization | 247 | 246 | 244 |
| Capital expenditure | -178 | -122 | -37.0 |
| Investing cash flow | -175 | -80.0 | 62.0 |
| Financing cash flow | -411 | -307 | -577 |
| Dividends paid | -416 | -121 | -190 |
| Debt issued | 0.0 | 4,535 | 621 |
| Debt repaid | 0.0 | -4,722 | -971 |
| Effect of exchange rates | 21.0 | -7.0 | -6.0 |
| Net change in cash | 152 | 135 | 258 |
| Free cash flow | 539 | 407 | 742 |
| Levered free cash flow | 257 | 602 | — |