South Bow
SOBO
33.37
-0.78
-2.28%
South Bow
US · SOBO
#1772 by market cap
Listed 2024
33.37
-0.78
-2.28%
Live - 5344 symbols - heartbeat 395s ago
· 2026-10-07 20:02
After-hours
33.37
0.00%
- Market cap
- 6.96B
- P/E (TTM)i
- 15.17
- P/Bi
- 2.61
- EPSi
- 2.07
- Div yieldi
- 5.99%
- 52W posi
- 68%
Reader sentiment
Are you bullish or bearish on SOBO?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.95, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 3 years
Latest year -6.32% YoY
Margins
- Gross margin
- 71.80%
- Operating margin
- 36.00%
- Net margin
- 21.80%
Key ratios & quality
- Altman Z-Scorei
- 0.95
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2.01B | 2.12B | 1.99B |
| Gross profit | 1.41B | 1.50B | 1.43B |
| Selling & admin expenses | -- | -- | -- |
| Research & development | -- | -- | -- |
| Operating profit | 700.00M | 745.00M | 715.00M |
| Pretax profit | 562.00M | 418.00M | 497.00M |
| Tax | 120.00M | 102.00M | 64.00M |
| Net profit | 442.00M | 316.00M | 433.00M |
| Basic EPS | 2 | 2 | 2 |
| Diluted EPS | 2.13 | 1.52 | 2.07 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 498.00M | 524.00M | 461.00M | 503.00M | 491.00M | 546.00M |
| Gross profit | 352.00M | 382.00M | 317.00M | 375.00M | 353.00M | 420.00M |
| Selling & admin expenses | -- | -- | -- | -- | -- | -- |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 178.00M | 186.00M | 147.00M | 204.00M | 160.00M | 239.00M |
| Pretax profit | 114.00M | 126.00M | 104.00M | 153.00M | 100.00M | 174.00M |
| Tax | 26.00M | 30.00M | 11.00M | -3.00M | 23.00M | 40.00M |
| Net profit | 88.00M | 96.00M | 93.00M | 156.00M | 77.00M | 134.00M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 1 |
| Diluted EPS | 0.42 | 0.46 | 0.45 | 0.26 | 0.37 | 0.64 |
Balance sheet
| Line item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total current assets | 2.61B | 2.20B | 2.02B |
| Cash & ST investments | 262.00M | 397.00M | 549.00M |
| Inventory | 160.00M | 207.00M | 100.00M |
| Total assets | 12.03B | 11.33B | 11.19B |
| Total current liabilities | 2.08B | 1.76B | 1.34B |
| Short-term debt | -- | -- | -- |
| Long-term debt | 5.97B | 5.72B | 5.77B |
| Total liabilities | 9,192,000,000.00 | 8,719,000,000.00 | 8,484,000,000.00 |
| Total equity | 2.84B | 2.61B | 2.71B |
| Retained earnings | 0 | -49.00M | -32.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.07B | 2.30B | 2.33B | 2.02B | 2.18B | 2.40B |
| Cash & ST investments | 390.00M | 452.00M | 501.00M | 549.00M | 599.00M | 726.00M |
| Inventory | 144.00M | 151.00M | 127.00M | 100.00M | 192.00M | 129.00M |
| Total assets | 11.18B | 11.48B | 11.46B | 11.19B | 11.24B | 11.38B |
| Total current liabilities | 1.61B | 1.79B | 1.71B | 1.34B | 1.44B | 1.58B |
| Short-term debt | -- | -- | -- | -- | -- | -- |
| Long-term debt | 5.72B | 5.77B | 5.75B | 5.77B | 5.75B | 5.73B |
| Total liabilities | 8,575,000,000.00 | 8,846,000,000.00 | 8,839,000,000.00 | 8,484,000,000.00 | 8,579,000,000.00 | 8,717,000,000.00 |
| Total equity | 2.60B | 2.64B | 2.62B | 2.71B | 2.66B | 2.67B |
| Retained earnings | -65.00M | -73.00M | -84.00M | -32.00M | -59.00M | -29.00M |
Cash flow
| Line item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating cash flow | 779.00M | 529.00M | 717.00M |
| Depreciation & amortization | 244.00M | 246.00M | 247.00M |
| Free cash flow | 742.00M | 407.00M | 539.00M |
| Dividends paid | -- | 0 | -416.00M |
| Stock buybacks / issuance | -- | -- | -- |
| Ending cash balance | 262.00M | 397.00M | 549.00M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 125.00M | 194.00M | 204.00M | 194.00M | 186.00M | 255.00M |
| Depreciation & amortization | 62.00M | 63.00M | 64.00M | 58.00M | 64.00M | 65.00M |
| Free cash flow | 93.00M | 160.00M | 152.00M | 134.00M | 159.00M | 237.00M |
| Dividends paid | -104.00M | -104.00M | -104.00M | -104.00M | -104.00M | -104.00M |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 390.00M | 452.00M | 501.00M | 549.00M | 599.00M | 726.00M |
Returns & efficiency
| Line item | 2023 | 2024 | 2025 |
|---|---|---|---|
| ROE %i | -- | 12.11 | 16.28 |
| ROA %i | -- | 5.58 | 3.85 |
| ROIC %i | -- | 7.21 | 8.15 |
| 5-year avg ROE %i | -- | -- | -- |
| EBIT margin %i | 39.00 | 38.02 | 41.69 |
| FCF / sales %i | 37.01 | 19.20 | 27.14 |
| Current ratioi | 1.26 | 1.25 | 1.50 |
| Quick ratioi | 0.80 | 0.94 | 1.29 |
| Debt / assetsi | 49.59 | 50.65 | 51.74 |
| LT debt / equityi | 210.11 | 219.85 | 213.77 |
| Interest coveragei | 3.55 | 2.08 | 2.50 |
| Revenue CAGR (3Y) %i | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 11.23 | 11.38 | 12.19 | 16.28 | 16.04 | 17.35 |
| ROA %i | 5.23 | 5.23 | 2.35 | 3.85 | 3.77 | 4.02 |
| ROIC %i | 6.84 | 6.67 | 7.08 | 8.15 | 8.03 | 8.48 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 36.79 | 37.43 | 37.95 | 41.69 | 41.18 | 43.28 |
| FCF / sales %i | 19.29 | 23.92 | 17.40 | 27.14 | 30.57 | 34.08 |
| Current ratioi | 1.29 | 1.28 | 1.36 | 1.50 | 1.51 | 1.52 |
| Quick ratioi | 0.96 | 0.89 | 0.93 | 1.29 | 1.09 | 1.14 |
| Debt / assetsi | 51.18 | 50.28 | 50.17 | 51.74 | 51.17 | 50.38 |
| LT debt / equityi | 219.96 | 218.96 | 219.17 | 213.77 | 216.12 | 215.16 |
| Interest coveragei | 2.02 | 2.11 | 2.25 | 2.50 | 2.45 | 2.59 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Keystone Pipeline System is the largest reported line at 76.92% of revenue, across 3 reported segments.
- The next-largest line, Marketing, is a distant second at 21.79% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Keystone Pipeline System76.92%
Marketing21.79%
Intra-Alberta & Other1.28%
Quote time 2026-10-07 20:02:34 · For reference only, not investment advice and not tailored to your situation.