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South Bow Corp

SOBO

$31.61 ▼ -2.47 (-7.25%) at close

3 Visible periods

20 Metrics

Peer-ranked Benchmarks

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Health

Excellent

Bullish

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Analytical Summary

South Bow Corp shows strong fundamentals with top-quartile Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $6.6B

Dividend Yield —

Revenue Growth -6.3% ↘

Op. Margin None

ROIC —

FCF / Share $3.44 ↗

Trailing P/E 15.2x

Price / Book —

FCF Yield 10.9%

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

3-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.99B

↓ -6.3% —

Net Income Profit after all expenses

$433.00M

↑ +37.0% —

Operating Margin Operating profit as % of sales

51.5%

↓ -3.9% —

FCF / Share Free cash flow per share

$3.44

↑ +35.1% —

trending_up

Bullish Indicators

Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↓

Cash Quality ↓

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 40-F ↗	FY 2024 Dec 31, 2024 40-F ↗	FY 2023 Dec 31, 2023 40-F ↗
Revenue Growth YoY (%)	-6.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-226%)	5.7% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+15%)	—
EPS Growth YoY (%)	36.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-28.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—
Net Income Growth YoY (%)	37.0% Excellent Excellent Year-over-year change in net income	-28.5% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%)	35.1% Excellent Excellent Year-over-year change in free cash flow	-32.1% Weak Weak Year-over-year change in free cash flow	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 40-F ↗	FY 2024 Dec 31, 2024 40-F ↗	FY 2023 Dec 31, 2023 40-F ↗
Operating Margin (%) (%)	—	51.5% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+243%)	53.6% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+257%)
Effective Tax Rate (%) (%)	12.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.4% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.4% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	21.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+173%)	14.9% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+86%)	22.0% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+176%)
FCF Margin (%) (%)	36.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	25.0% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	38.9% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	1.66x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	1.67x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.76x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 40-F ↗	FY 2024 Dec 31, 2024 40-F ↗	FY 2023 Dec 31, 2023 40-F ↗
Return on Capital (%) (%)	—	9.6% Fair Fair Operating profit relative to total assets Optimal: > 10%	8.9% Fair Fair Operating profit relative to total assets Optimal: > 10%

⚖️ Is the balance sheet risky? 1 metrics

Metric	FY 2025 Dec 31, 2025 40-F ↗	FY 2024 Dec 31, 2024 40-F ↗	FY 2023 Dec 31, 2023 40-F ↗
Net Debt (USD)	$-549.00M	$-397.00M	$-262.00M

📊 What does each share earn? 4 metrics

Metric	FY 2025 Dec 31, 2025 40-F ↗	FY 2024 Dec 31, 2024 40-F ↗	FY 2023 Dec 31, 2023 40-F ↗
Revenue per Share (USD)	$9.54	$10.21	$9.66
Basic EPS, GAAP (USD)	$2.08	$1.52	$2.13
Free Cash Flow per Share (USD)	$3.44	$2.55	$3.75
Basic Weighted Avg Shares (shares)	208.20M	207.60M	207.60M

🏦 How resilient is the balance sheet? 1 metrics

Metric	FY 2025 Dec 31, 2025 40-F ↗	FY 2024 Dec 31, 2024 40-F ↗	FY 2023 Dec 31, 2023 40-F ↗
Working Capital (USD)	$674.00M	$437.00M	$539.00M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 40-F ↗	FY 2024 Dec 31, 2024 40-F ↗	FY 2023 Dec 31, 2023 40-F ↗
Sales/Revenue/Turnover (USD)	$1.99B	$2.12B	$2.00B
Depreciation Expense (USD)	$247.00M	$246.00M	$244.00M
Net Income, GAAP (USD)	$433.00M	$316.00M	$442.00M
Operating Cash Flow (USD)	$717.00M	$529.00M	$779.00M

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Synced 4 days ago 3 years · 3 quarters

South Bow Corp

Analytical Summary

3-Year Financial Trajectory

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