ENBNYSEPipe Lines (No Natural Gas)Fiscal year ends December 31Also trades as EBBGF, EBBNF, EBGEF, EBRGF, EBRZF, ENBFF, ENBGF, ENBHF, ENBMF, ENBNF, ENBOF, ENBRF, ENBSF, ENFFF, ENNPF

ENBRIDGE INC

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 31, 2026

$47.12−0.98 (-2.04%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

–

Operating margin

16.8%−3.5 pts over 5 years

Net margin

11.5%+2.9 pts over 5 years

Growth rates

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+21.9%	+6.9%	+10.8%	+6.8%
Operating income	+13.6%	+28.4%	+6.6%	+19.4%
Net income	+37.7%	+35.6%	+17.4%	+40.4%
EPS, diluted	+37.6%	+36.0%	+16.8%	–
Free cash flow	-44.0%	-20.6%	-5.5%	–
Dividend per share	+3.0%	+3.1%	+3.1%	+7.3%

Returns and balance sheet

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	10.3%	5.3%	11.7%
Return on assets	2.4%	2.1%	3.4%
Current ratio	0.63	0.53	0.63
Debt to equity	1.91	1.09	1.68
Net debt to EBITDA	8.17×	5.69×	6.25×
Interest coverage	1.6×	2.9×	2.2×
Inventory turnover	20.5×	14.6×	–
Capex to revenue	14.8%	13.8%	13.8%
Diluted shares	918M	2.02B	2.19B

DuPont analysis

Return on equity split into margin, efficiency and leverage

Net margin11.5%

Asset turnover0.30×

Equity multiplier3.41×

Return on equity, FY202511.7%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	11.5%	0.30×	3.41×	11.7%
FY2024	10.2%	0.27×	3.14×	8.5%
FY2023	14.2%	0.24×	2.97×	10.2%
FY2022	5.6%	0.31×	2.89×	5.0%
FY2021	13.1%	0.29×	2.69×	10.1%
FY2020	8.6%	0.24×	2.54×	5.3%
FY2019	11.4%	0.30×	2.44×	8.4%
FY2018	6.2%	0.28×	2.58×	4.5%
FY2017	6.4%	0.36×	3.11×	7.2%
FY2016	6.0%	0.41×	4.21×	10.3%