SOBONYSEPipe Lines (No Natural Gas)Fiscal year ends December 31

South Bow Corp

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Mar 16, 2026

$34.20−0.49 (-1.41%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): 16.5
Dividend yield: –

South Bow Corp income statement

Annual QuarterlyTTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Revenue	1,986	2,120	2,005
Cost of Revenue	313	376	351
Gross Profit	1,673	1,744	1,654
Total Costs & Expenses	1,271	1,375	1,305
Operating Income	–	1,091	1,074
Interest Expense	331	388	220
Interest & Investment Income	40	41	34
Income from Equity Investments	52	49	50
Other Non-Operating Income	41	12	32
Asset Impairment Charges	–	7.00	–
Pretax Income	497	418	562
Income Tax Expense	64	102	120
Net Income incl. Noncontrolling Interests	433	316	442
EPS (Basic)(per share)	2.08	1.52	2.13
EPS (Diluted)(per share)	2.07	1.52	2.13
Shares Outstanding (Basic, Weighted)(shares)	208	208	208
Shares Outstanding (Diluted, Weighted)(shares)	209	208	208
EBITDA	–	1,337	1,318

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 84.2%
Operating margin: –
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 1.50
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 40.9%

Valuation

P/E ratio: 16.5
Price to sales: –
Price to book: –
Dividend yield: –