Enbridge Inc
ENB NYSE· Pipe Lines (No Natural Gas)
Last close · Oct 23, 2026
$48.15
KIRA · Stoqly’s AI analyst, in plain words
- Enbridge Inc had $46.6B of revenue in fiscal 2025, up 19.5% on the year before. Over five years, revenue changed +9.9% a year on average.
- Its operating margin was 16.8%, down 1.2 pts: of every 100 in sales, about 17 is left after running the business.
- Enbridge Inc made $5.4B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 5.2% a year.
- Free cash flow was $2.4B in fiscal 2025, 5.1% of revenue.
- Enbridge Inc returned $5.9B to shareholders in fiscal 2025, 249% of free cash flow. The diluted share count rose 1.3%.
- Enbridge Inc owes $76.6B more than it holds in cash, about 6.4 years of operating profit.
Market cap
$105.4B
P/E
25.7x
Revenue
$46.6B
Net income
$5.4B
Free cash flow
$2.4B
Operating margin
16.8%
Enbridge Inc in 30 seconds · fiscal 2025
Are sales growing?
+19.5%
Yes. Sales grew 19.5% last year.
Does it make a profit?
11.5%
Yes. It keeps 11.5% of every sale as profit.
Does profit turn into cash?
5.1%
Partly. 5.1% of sales ends up as free cash.
Is debt under control?
6.4x
Heavy. Repaying its debt would take 6.4 years of operating profit.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
How is the share priced?
25.7x
One share costs 25.7 times its yearly profit per share.
What Enbridge Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 13, 2026
- Legal name
- ENBRIDGE INC
- CIK
- 0000895728
Enbridge Inc · ENB
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $37.5B | $40.9B | $32.3B | $39.0B | $46.6B |
| Revenue growth | 28.9% | 9.1% | −21.0% | 20.7% | 19.5% |
| Gross margin | 39.0% | 38.9% | 51.1% | — | — |
| Operating margin | 16.6% | 9.7% | 19.8% | 18.0% | 16.8% |
| Net income | $4.9B | $2.3B | $4.6B | $4.0B | $5.4B |
| Net margin | 13.1% | 5.6% | 14.2% | 10.2% | 11.5% |
| Diluted EPS | $2.29 | $0.98 | $2.10 | $1.71 | $2.30 |
| Cash | |||||
| Cash from operations | $7.4B | $8.6B | $10.5B | $9.2B | $8.8B |
| Capital expenditure | $6.2B | $3.6B | $3.4B | $4.9B | $6.4B |
| Free cash flow | $1.1B | $5.1B | $7.1B | $4.3B | $2.4B |
| FCF margin | 3.1% | 12.3% | 21.9% | 11.0% | 5.1% |
| Dividends paid | $5.4B | $5.4B | $5.4B | $5.7B | $5.9B |
| Share buybacks | $0.0M | $116M | $92.6M | $0.0M | $0.0M |
| Share count change | 0.2% | 0.2% | 1.4% | 4.9% | 1.3% |
| Debt and strength | |||||
| Cash and short-term investments | $225M | $636M | $4.5B | $1.3B | $799M |
| Debt incl. finance leases | $59.3B | $59.7B | $61.2B | $71.4B | $77.4B |
| Shareholders' equity | $47.9B | $44.2B | $46.4B | $45.8B | $45.5B |
| Net debt / EBITDA | 6.4x | 8.1x | 5.8x | 6.5x | 6.4x |
| Current ratio | 0.5x | 0.6x | 0.8x | 0.6x | 0.6x |
| Interest coverage | 2.9x | 1.6x | 2.3x | 2.2x | 2.2x |
| Returns and quality | |||||
| Return on capital | 4.8% | 2.5% | 4.8% | 4.7% | 5.1% |
| Return on equity | 10.3% | 5.0% | 10.1% | 8.6% | 11.7% |
| Return on tangible equity | 24.5% | 11.5% | 22.0% | 21.5% | 30.0% |
| Piotroski F-score | 5 | 5 | 7 | 4 | 6 |
| Altman Z'' | 0.3 | 0.2 | 0.5 | 0.2 | 0.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Enbridge Inc · ENB
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $48.15 a share, the company is worth $105.4B: 25.7 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000895728). Data updated October 24, 2026. Filed in CAD under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only — not investment advice. Check the original filings before relying on any figure.