South Bow Past Earnings Performance
Past criteria checks 3/6
South Bow has been growing earnings at an average annual rate of 37%, while the Oil and Gas industry saw earnings growing at 17.5% annually. Revenues have been declining at an average rate of 6.3% per year. South Bow's return on equity is 16%, and it has net margins of 21.8%.
Key information
37.03%
Earnings growth rate
36.63%
EPS growth rate
| Oil and Gas Industry Growth | 33.67% |
| Revenue growth rate | -6.32% |
| Return on equity | 15.98% |
| Net Margin | 21.80% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How South Bow makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 1,986 | 433 | 11 | 0 |
| 30 Sep 25 | 1,971 | 332 | 3 | 0 |
| 30 Jun 25 | 2,044 | 300 | 3 | 0 |
| 31 Mar 25 | 2,074 | 292 | 3 | 0 |
| 31 Dec 24 | 2,120 | 316 | 3 | 0 |
| 30 Sep 24 | 2,177 | 366 | 3 | 0 |
| 30 Jun 24 | 2,185 | 398 | 3 | 0 |
| 31 Mar 24 | 2,139 | 458 | 3 | 0 |
| 31 Dec 23 | 2,005 | 442 | 3 | 0 |
Quality Earnings: SOBO has high quality earnings.
Growing Profit Margin: SOBO's current net profit margins (21.8%) are higher than last year (14.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if SOBO's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare SOBO's past year earnings growth to its 5-year average.
Earnings vs Industry: SOBO earnings growth over the past year (37%) exceeded the Oil and Gas industry -2.5%.
Return on Equity
High ROE: SOBO's Return on Equity (16%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/03/30 16:06 |
| End of Day Share Price | 2026/03/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
South Bow Corporation is covered by 22 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathan Heywood | ATB Cormark |
| Theresa Chen | Barclays |
| Benjamin Pham | BMO Capital Markets Equity Research |