What is Enbridge, Inc's earnings per share (EPS)?

Enbridge, Inc (ENB) reported diluted earnings per share of $2.35 for fiscal year 2025. This represents a 44.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Enbridge, Inc (ENB) Financials

ENB

Trailing 12 months to June 30, 2026

Revenue $59.7B +29.6% YoY

Net Income $4.4B -7.6% YoY

EPS (Diluted) $1.86 -9.1% YoY

Free Cash Flow $1.2B -67.8% YoY

Market Cap $107.3B as of Oct 23, 2026

Price / Sales 1.8x on $59.7B revenue, trailing 12 months to June 30, 2026

Price / Earnings 24.4x on $4.4B net income, trailing 12 months to June 30, 2026

Price / Book 2.3x on $46.0B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ENB SEC filings page.

Enbridge, Inc (ENB) reported $59.7B in revenue over the twelve months to Jun 30, 2026, up 29.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Health Score 48/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Enbridge, Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Enbridge, Inc has an operating margin of 16.8%, meaning the company retains $17 of operating profit per $100 of revenue. This strong profitability earns a score of 66/100, reflecting efficient cost management and pricing power. This is down from 18.0% the prior year.

Growth

Enbridge, Inc's revenue surged 28.0% year-over-year to $47.5B, reflecting rapid business expansion. This strong growth earns a score of 84/100.

Leverage

Enbridge, Inc has elevated debt relative to equity (D/E of 1.59), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 6/100, reflecting increased financial risk.

Liquidity

Enbridge, Inc's current ratio of 0.63 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Enbridge, Inc converts 5.1% of revenue into free cash flow ($2.4B). This strong cash generation earns a score of 72/100.

Returns

Enbridge, Inc's ROE of 12.0% shows moderate profitability relative to equity, earning a score of 50/100. This is up from 8.3% the prior year.

Altman Z-Score Distress

0.86

Enbridge, Inc scores 0.86, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $15.5B against total assets of $159.3B. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Enbridge, Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.

Earnings Quality Cash-Backed

1.64x

For every $1 of reported earnings, Enbridge, Inc generates $1.64 in operating cash flow ($8.9B OCF vs $5.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.18x

Enbridge, Inc earns $2.18 in operating income for every $1 of interest expense ($8.0B vs $3.7B). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$20.6B

YoY+89.0%

QoQ+28.8%

5Y CAGR+18.5%

10Y CAGR+13.0%

Enbridge, Inc generated $20.6B in revenue in Q2 2026. This represents an increase of 89.0% from the same quarter a year earlier. Against the prior quarter it is up 28.8%.

EBITDA

$3.1B

YoY+13.1%

QoQ-8.5%

5Y CAGR+6.7%

Enbridge, Inc's EBITDA was $3.1B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 13.1% from the same quarter a year earlier. Against the prior quarter it is down 8.5%.

Net Income

$1.1B

YoY-36.9%

QoQ-17.1%

5Y CAGR-2.5%

10Y CAGR+14.0%

Enbridge, Inc reported $1.1B in net income in Q2 2026. This represents a decrease of 36.9% from the same quarter a year earlier. Against the prior quarter it is down 17.1%.

EPS (Diluted)

$0.45

YoY-38.6%

QoQ-17.3%

5Y CAGR-4.1%

Enbridge, Inc earned $0.45 per diluted share (EPS) in Q2 2026. This represents a decrease of 38.6% from the same quarter a year earlier. Against the prior quarter it is down 17.3%.

Cash & Balance Sheet

Free Cash Flow

$799.7M

YoY-18.6%

QoQn/m

5Y CAGR+3.8%

Enbridge, Inc generated $799.7M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 18.6% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt

$1.4B

YoY+60.4%

QoQ+20.9%

5Y CAGR+36.3%

Enbridge, Inc held $1.4B in cash against $73.1B in long-term debt as of Q2 2026.

Dividends Per Share

$0.68

YoY-1.1%

QoQ-1.8%

5Y CAGR+0.3%

Enbridge, Inc paid $0.68 per share in dividends in Q2 2026. This represents a decrease of 1.1% from the same quarter a year earlier. Against the prior quarter it is down 1.8%.

Shares Outstanding

2.18B

YoY+0.2%

QoQ0.0%

5Y CAGR+1.5%

Enbridge, Inc had 2.18B shares outstanding in Q2 2026. This represents an increase of 0.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Margins & Returns

Operating Margin

9.9%

YoY-5.5pp

QoQ-4.5pp

5Y change-6.7pp

10Y change-0.1pp

Enbridge, Inc's operating margin was 9.9% in Q2 2026, reflecting core business profitability. This is down 5.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.5 percentage points.

Net Margin

5.1%

YoY-10.2pp

QoQ-2.8pp

5Y change-8.4pp

10Y change+0.4pp

Enbridge, Inc's net profit margin was 5.1% in Q2 2026, showing the share of revenue converted to profit. This is down 10.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.8 percentage points.

Return on Equity

2.3%

YoY-1.2pp

QoQ-0.4pp

5Y change-0.1pp

Enbridge, Inc's quarterly ROE was 2.3% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.4 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Capital Expenditures

$2.1B

YoY+50.1%

QoQ+19.8%

5Y CAGR+9.3%

Enbridge, Inc invested $2.1B in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 50.1% from the same quarter a year earlier. Against the prior quarter it is up 19.8%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

ENB Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ENB quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$59.7B	$47.5B+28.0%	$37.1B+12.3%	$33.1B-16.1%	$39.4B+6.9%	$36.8B+20.2%	$30.6B-20.7%	$38.6B+13.6%	$34.0B-4.1%	$35.5B+37.7%	$25.7B+5.4%	$24.4B-24.7%	$32.4B+4.8%	$30.9B+25.0%	$24.8B-6.0%	$26.3B
Cost of Revenue	N/A	N/A	N/A	$16.2B-32.8%	$24.1B+7.2%	$22.5B+38.6%	$16.2B-32.2%	$23.9B+11.0%	$21.5B-5.8%	$22.9B+28.0%	$17.9B-2.0%	$18.2B-28.2%	$25.4B+0.8%	$25.2B+30.9%	$19.3B-6.3%	$20.6B
Gross Profit	N/A	N/A	N/A	$16.9B+10.2%	$15.3B+6.5%	$14.4B-0.5%	$14.4B-1.8%	$14.7B+18.2%	$12.4B-1.1%	$12.6B+60.0%	$7.9B+27.2%	$6.2B-12.1%	$7.0B+22.4%	$5.7B+4.4%	$5.5B-4.8%	$5.8B
SG&A Expenses	N/A	$7.3B+11.1%	$6.5B+0.5%	$6.5B+7.3%	$6.1B+15.6%	$5.3B-0.7%	$5.3B-1.9%	$5.4B+8.3%	$5.0B-3.3%	$5.1B+58.6%	$3.2B+8.7%	$3.0B+5.5%	$2.8B-0.2%	$2.8B+3.0%	$2.8B+23.8%	$2.2B
Operating Income	$8.0B	$8.0B+19.3%	$6.7B+2.3%	$6.6B+71.2%	$3.8B-37.4%	$6.1B-2.1%	$6.2B-2.1%	$6.4B+80.5%	$3.5B+181.2%	$1.3B-34.7%	$1.9B+42.9%	$1.3B-51.2%	$2.8B+115.0%	$1.3B-19.8%	$1.6B-37.2%	$2.5B
EBITDA	N/A	$12.1B+17.8%	$10.3B+2.4%	$10.0B+43.2%	$7.0B-23.1%	$9.1B-0.3%	$9.2B+1.8%	$9.0B+52.1%	$5.9B+56.2%	$3.8B+5.3%	$3.6B+27.9%	$2.8B-31.8%	$4.1B+60.1%	$2.6B-9.5%	$2.8B-22.7%	$3.7B
Interest Expense	N/A	$3.7B+19.4%	$3.1B+6.3%	$2.9B+22.9%	$2.3B+13.1%	$2.1B-5.0%	$2.2B+6.5%	$2.1B+3.7%	$2.0B-3.0%	$2.0B+72.4%	$1.2B+0.9%	$1.2B+20.6%	$973.2M+9.3%	$890.3M+5.4%	$844.5M-7.5%	$912.7M
Income Tax	N/A	$1.5B+26.2%	$1.2B-16.0%	$1.4B+16.4%	$1.2B+7.0%	$1.1B+82.5%	$606.9M-53.9%	$1.3B+658.6%	$173.7Mn/m	-$2.2B-2137.2%	$105.8M-13.9%	$122.8M-76.7%	$526.7M+355.5%	$115.6M-32.7%	$171.7M-66.6%	$514.4M
Net Income	$4.4B	$5.5B+44.6%	$3.8B-19.4%	$4.7B+111.3%	$2.2B-54.2%	$4.8B+83.7%	$2.6B-40.1%	$4.4B+108.4%	$2.1B-7.5%	$2.3B+48.2%	$1.5B+749.7%	$181.4M-85.0%	$1.2B+104.8%	$591.3M-16.7%	$710.0M-11.3%	$800.6M
EPS (Basic)	N/A	$2.36+45.0%	$1.63-24.5%	$2.15+127.4%	$0.95-57.9%	$2.25+93.6%	$1.16-43.0%	$2.04+90.3%	$1.07-19.3%	$1.33	$1.45n/m	-$0.03-102.4%	$1.20+131.7%	$0.52-34.0%	$0.78-25.6%	$1.05
EPS (Diluted)	$1.86	$2.35+44.5%	$1.63-24.5%	$2.15+127.4%	$0.95-57.9%	$2.25+93.6%	$1.16-42.8%	$2.03+89.6%	$1.07-18.8%	$1.32	$1.44n/m	-$0.03-102.4%	$1.18+128.4%	$0.52-33.1%	$0.77-25.1%	$1.03
Diluted Shares (Avg)	N/A	2.19B+1.3%	2.16B+4.9%	2.06B+1.4%	2.03B+0.2%	2.02B+0.2%	2.02B0.0%	2.02B+17.0%	1.73B+12.7%	1.53B	918M+8.4%	847M+0.8%	840M+2.8%	817M+4.1%	785M+3.2%	761M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Revenue	$20.6B+89.0%	$16.0B+24.5%	$12.5B+11.2%	$10.5B-4.6%	$10.9B+31.8%	$12.9B+57.8%	$11.3B+31.6%	$11.0B+51.4%
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$6.7B+88.0%
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$4.3B+16.2%
SG&A Expenses	$1.7B-2.0%	$1.8B+7.1%	N/A	$1.8B+5.6%	$1.7B+0.6%	$1.7B+9.0%	N/A	$1.7B+11.2%
Operating Income	$2.0B+21.9%	$2.3B-9.5%	$2.0B+17.0%	$1.6B-0.7%	$1.7B+1.2%	$2.6B+27.5%	$1.7B+21.6%	$1.6B+23.9%
EBITDA	$3.1B+13.1%	$3.3B-5.5%	$3.1B+14.9%	$2.6B+0.7%	$2.7B+4.3%	$3.5B+22.5%	$2.7B+16.6%	$2.6B+19.7%
Interest Expense	$982.0M+13.3%	$875.8M-5.6%	N/A	$906.2M-6.8%	$867.1M+9.7%	$927.7M+38.8%	N/A	$972.5M+42.9%
Income Tax	$311.2M-36.4%	$420.7M-13.2%	N/A	$226.9M-1.7%	$489.0M-9.5%	$484.7M+70.0%	N/A	$230.9M+144.2%
Net Income	$1.1B-36.9%	$1.3B-22.5%	$1.5B+263.6%	$565.8M-45.0%	$1.7B+17.8%	$1.6B+47.2%	$413.2M-70.0%	$1.0B+124.4%
EPS (Basic)	$0.45-38.6%	$0.55-23.7%	$0.65+306.4%	$0.22-50.7%	$0.73+16.8%	$0.72+46.2%	$0.16-74.0%	$0.44+127.3%
EPS (Diluted)	$0.45-38.6%	$0.54-24.0%	$0.65+306.4%	$0.22-50.7%	$0.73+16.8%	$0.72+44.8%	$0.16-74.0%	$0.44+127.3%
Diluted Shares (Avg)	2.19B+0.2%	2.19B+0.1%	N/A	2.19B+0.3%	2.19B+2.2%	2.19B+2.7%	N/A	2.18B+6.4%

Not reported in any period shown, so not listed: R&D Expenses.

ENB Balance Sheet

ENB quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$159.3B+4.8%	$152.1B+11.3%	$136.6B+2.9%	$132.7B+0.4%	$132.2B+5.2%	$125.7B-0.2%	$125.9B+2.9%	$122.3B-5.5%	$129.5B+104.0%	$63.5B+3.9%	$61.1B-2.6%	$62.7B+15.9%	$54.1B+15.2%	$47.0B+15.2%	$40.8B
Current Assets	$9.6B+5.3%	$9.1B-16.2%	$10.9B+21.5%	$9.0B+28.0%	$7.0B+21.7%	$5.8B-14.3%	$6.7B+7.0%	$6.3B-14.7%	$7.4B+26.9%	$5.8B+5.7%	$5.5B-22.3%	$7.1B+8.2%	$6.5B-1.4%	$6.6B+19.3%	$5.6B
Cash & Equivalents	$797.8M-36.3%	$1.3B-72.0%	$4.5B+602.5%	$636.3M+184.3%	$223.8M-36.8%	$354.4M-29.1%	$499.9M+31.7%	$379.7M-1.0%	$383.5M-65.5%	$1.1B+135.5%	$472.6M-31.4%	$688.7M-3.1%	$710.7M-60.1%	$1.8B+150.8%	$711.1M
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0
Inventory	$1.2B+14.4%	$1.0B-7.8%	$1.1B-32.8%	$1.7B+27.5%	$1.3B+8.5%	$1.2B+20.2%	$1.0B+2.1%	$981.4M-19.6%	$1.2B+32.9%	$918.4M+14.4%	$802.8M-18.9%	$989.6M-5.6%	$1.0B+34.0%	$782.3M-3.4%	$809.4M
Accounts Receivable	$2.8B+6.0%	$2.6B+23.2%	$2.1B-9.8%	$2.4B+26.9%	$1.9B+15.8%	$1.6B-1.1%	$1.6B+14.5%	$1.4B-28.5%	$2.0B	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Investments	$15.5B+7.9%	$14.4B+13.0%	$12.7B+8.0%	$11.8B+12.9%	$10.4B-3.8%	$10.8B-15.0%	$12.8B+4.1%	$12.2B-7.9%	$13.3B+161.2%	$5.1B+0.5%	$5.1B+8.6%	$4.7B+17.7%	$4.0B+24.2%	$3.2B+14.4%	$2.8B
Goodwill	$25.7B+1.2%	$25.4B+5.4%	$24.1B+0.6%	$24.0B-6.5%	$25.7B+0.1%	$25.6B+0.2%	$25.6B+1.3%	$25.3B-8.3%	$27.5B+47283.7%	$58.1M+0.5%	$57.8M-86.1%	$416.3M-0.5%	$418.4M-0.6%	$420.8M-2.8%	$432.7M
Total Liabilities	$111.3B+6.7%	$104.2B+18.8%	$87.7B+2.2%	$85.9B+4.0%	$82.6B+9.8%	$75.2B+4.0%	$72.3B+5.6%	$68.5B-7.1%	$73.7B+65.4%	$44.6B-0.8%	$44.9B+0.8%	$44.6B+21.5%	$36.7B+13.1%	$32.4B+9.1%	$29.7B
Current Liabilities	$15.3B-7.4%	$16.5B+25.2%	$13.2B-12.0%	$15.0B+5.2%	$14.3B+30.2%	$11.0B-10.6%	$12.3B+12.7%	$10.9B-6.8%	$11.7B+27.1%	$9.2B+17.7%	$7.8B-4.6%	$8.2B-18.8%	$10.1B+42.1%	$7.1B+17.1%	$6.1B
Non-Current Liabilities	$95.9B+9.4%	$87.7B+17.6%	$74.5B+5.2%	$70.9B+3.8%	$68.3B+6.3%	$64.2B+7.0%	$60.1B+4.2%	$57.6B-7.1%	$62.1B+75.3%	$35.4B-4.7%	$37.1B+2.1%	$36.4B+36.8%	$26.6B+4.9%	$25.3B+7.0%	$23.7B
Long-Term Debt	$72.2B+11.3%	$64.9B	N/A	$53.9B+1.3%	$53.2B+8.0%	$49.3B+7.0%	$46.0B+4.1%	$44.2B-9.1%	$48.6B+78.9%	$27.2B-4.5%	$28.5B-0.9%	$28.7B+36.6%	$21.0B+3.6%	$20.3B+7.2%	$18.9B
Total Equity	$45.5B-0.7%	$45.8B-1.7%	$46.5B+5.2%	$44.3B-7.0%	$47.6B-1.1%	$48.1B-5.6%	$51.0B+0.1%	$50.9B+9.6%	$46.4B+191.6%	$15.9B+16.6%	$13.7B-5.6%	$14.5B+14.0%	$12.7B+23.3%	$10.3B+40.0%	$7.4B
Retained Earnings	-$15.5Bn/m	-$13.9Bn/m	-$13.0Bn/m	-$11.4Bn/m	-$8.6Bn/m	-$7.8Bn/m	-$4.9Bn/m	-$4.1Bn/m	-$2.0Bn/m	-$533.3M-619.7%	$102.6M-92.4%	$1.4B-43.5%	$2.4B-24.8%	$3.2B-11.0%	$3.6B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Total Assets	$163.1B+5.0%	$163.5B+6.9%	$159.3B+4.8%	$155.8B+2.3%	$155.4B+5.6%	$153.0B+8.6%	$152.1B+11.3%	$152.3B+15.5%
Current Assets	$12.5B+53.5%	$13.5B+42.9%	$9.6B+5.3%	$8.7B-1.5%	$8.1B-11.0%	$9.5B+27.9%	$9.1B-16.2%	$8.8B+7.1%
Cash & Equivalents	$1.4B+60.4%	$1.2B-19.3%	$797.8M-36.3%	$1.0B-27.1%	$883.3M-66.3%	$1.5B+61.9%	$1.3B-72.0%	$1.4B-28.0%
Short-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Inventory	$1.1B+8.2%	$1.3B+54.9%	$1.2B+14.4%	$1.4B+14.9%	$1.0B+4.3%	$854.0M-16.4%	$1.0B-7.8%	$1.2B+2.9%
Accounts Receivable	$2.1B-0.5%	$2.8B-4.1%	$2.8B+6.0%	$1.9B-1.1%	$2.1B+31.2%	$2.9B+33.7%	$2.6B+23.2%	$1.9B+18.8%
Long-Term Investments	$15.7B+3.0%	$15.7B+7.9%	$15.5B+7.9%	$15.3B+13.0%	$15.3B+14.6%	$14.6B+13.3%	$14.4B+13.0%	$13.5B+20.0%
Goodwill	$25.5B-1.2%	$25.6B+0.7%	$25.7B+1.2%	$25.6B-0.7%	$25.8B+2.9%	$25.5B+0.5%	$25.4B+5.4%	$25.8B+7.8%
Total Liabilities	$114.6B+9.0%	$114.5B+10.6%	$111.3B+6.7%	$106.4B+4.9%	$105.2B+9.8%	$103.5B+13.5%	$104.2B+18.8%	$101.4B+24.8%
Current Liabilities	$17.3B+59.1%	$16.7B+28.9%	$15.3B-7.4%	$10.8B-23.4%	$10.9B-8.9%	$13.0B+19.2%	$16.5B+25.2%	$14.1B+14.1%
Non-Current Liabilities	$97.3B+3.2%	$97.8B+8.0%	$95.9B+9.4%	$95.6B+9.5%	$94.3B+12.5%	$90.5B+12.7%	$87.7B+17.6%	$87.3B+26.8%
Long-Term Debt	$73.1B+2.7%	$73.8B+9.3%	$72.2B+11.3%	$72.2B+11.8%	$71.2B+14.4%	$67.6B+12.4%	$64.9B	$64.6B+27.2%
Total Equity	$46.0B-4.3%	$46.6B-1.9%	$45.5B-0.7%	$46.8B-3.9%	$48.1B-2.2%	$47.5B0.0%	$45.8B-1.7%	$48.7B+1.2%
Retained Earnings	-$14.3Bn/m	-$14.1Bn/m	-$15.5Bn/m	-$13.7Bn/m	-$13.0Bn/m	-$12.4Bn/m	-$13.9Bn/m	-$12.2Bn/m

ENB Cash Flow Statement

ENB quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$8.9B	$8.9B+2.3%	$8.8B-18.7%	$10.8B+29.6%	$8.3B+14.6%	$7.2B-5.5%	$7.7B+5.8%	$7.3B-5.8%	$7.7B+44.7%	$5.3B+37.2%	$3.9B+17.4%	$3.3B+50.4%	$2.2B-30.1%	$3.1B+8.8%	$2.9B-12.9%	$3.3B
Depreciation & Amortization	N/A	$4.1B+15.1%	$3.6B+2.7%	$3.5B+9.5%	$3.2B+5.8%	$3.0B+3.6%	$2.9B+11.3%	$2.6B+10.0%	$2.4B-5.9%	$2.5B+51.5%	$1.7B+14.1%	$1.5B+7.6%	$1.4B+5.5%	$1.3B+3.8%	$1.2B+10.0%	$1.1B
Stock-Based Compensation	N/A	$207.8M+60.9%	$129.2M+10.7%	$116.6M-39.3%	$192.1M+56.4%	$122.9M+8.1%	$113.7M+26.0%	$90.3M+16.2%	$77.7M-41.1%	$131.8M+36.1%	$96.8M+38.1%	$70.1M	N/A	N/A	N/A	N/A
Capital Expenditures	$7.7B	$6.5B+40.4%	$4.7B+32.2%	$3.5B+2.7%	$3.4B-43.9%	$6.1B+44.4%	$4.2B0.0%	$4.2B-15.1%	$5.0B-24.7%	$6.6B+73.3%	$3.8B-27.3%	$5.3B-42.1%	$9.1B+17.2%	$7.7B+48.4%	$5.2B+50.4%	$3.5B
Free Cash Flow	$1.2B	$2.4B-41.2%	$4.1B-43.4%	$7.2B+48.7%	$4.9B+332.2%	$1.1B-67.2%	$3.4B+13.9%	$3.0B+11.2%	$2.7Bn/m	-$1.3B-2369.2%	$57.4Mn/m	-$2.0Bn/m	-$6.9Bn/m	-$4.6Bn/m	-$2.3Bn/m	-$153.4M
Investing Cash Flow	-$8.4B	-$7.7Bn/m	-$14.1Bn/m	-$4.6Bn/m	-$3.9Bn/m	-$8.3Bn/m	-$4.1Bn/m	-$3.6Bn/m	-$2.2Bn/m	-$8.8Bn/m	-$3.8Bn/m	-$5.7Bn/m	-$10.2Bn/m	-$8.9Bn/m	-$6.2Bn/m	-$5.0B
Financing Cash Flow	$47.6M	-$1.8B-171.1%	$2.5Bn/m	-$2.2Bn/m	-$4.0B-514.7%	$967.4Mn/m	-$3.7Bn/m	-$3.7Bn/m	-$5.5B-298.0%	$2.8B+343.9%	$625.7M-71.8%	$2.2B-73.6%	$8.4B+76.7%	$4.8B+8.0%	$4.4B+121.1%	$2.0B
Dividends Paid	$6.0B	$6.0B+9.6%	$5.5B-0.8%	$5.5B+7.0%	$5.1B-2.8%	$5.3B+2.9%	$5.1B+11.6%	$4.6B+80.7%	$2.6B+16.1%	$2.2B+156.5%	$856.5M+24.8%	$686.5M+6.3%	$645.6M+1.9%	$633.6M+5.7%	$599.5M+15.0%	$521.2M
Share Buybacks	N/A	$0n/m	$0-100.0%	$94.7M-15.1%	$111.6Mn/m	$0n/m	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Operating Cash Flow	$2.9B+21.7%	$1.7B-20.9%	$2.3B-10.8%	$2.1B-6.4%	$2.4B+15.6%	$2.1B-8.8%	$2.5B-11.9%	$2.2B-3.4%
Depreciation & Amortization	$1.0B-1.5%	$1.0B+4.9%	$1.1B+11.1%	$1.0B+3.0%	$1.0B+9.8%	$979.2M+11.1%	$961.1M+8.8%	$974.8M+13.3%
Capital Expenditures	$2.1B+50.1%	$1.7B+45.9%	$2.2B+24.9%	$1.7B+38.0%	$1.4B+41.6%	$1.2B+36.9%	$1.8B+70.4%	$1.2B+37.3%
Free Cash Flow	$799.7M-18.6%	-$69.5M-107.5%	$59.8M-92.3%	$392.8M-60.4%	$982.4M-8.3%	$925.0M-36.3%	$775.0M-58.1%	$992.5M-29.0%
Investing Cash Flow	-$2.2Bn/m	-$2.0Bn/m	-$2.4Bn/m	-$1.8Bn/m	-$2.1Bn/m	-$1.2Bn/m	-$3.1Bn/m	-$3.5Bn/m
Financing Cash Flow	-$579.4Mn/m	$796.2Mn/m	-$78.8M-118.9%	-$90.5M-178.4%	-$892.8M-142.0%	-$660.7Mn/m	$417.4M-75.9%	$115.5Mn/m
Dividends Paid	$1.5B-1.1%	$1.5B+6.2%	$1.5B+8.5%	$1.5B-0.1%	$1.5B+6.2%	$1.4B-0.6%	$1.4B-3.3%	$1.5B+11.3%
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0n/m	$0n/m

Not reported in any period shown, so not listed: Stock-Based Compensation.

ENB Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ENB quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	N/A	N/A	51.0%+12.2pp	38.9%-0.2pp	39.0%-8.1pp	47.1%+9.0pp	38.1%+1.5pp	36.6%+1.1pp	35.5%+4.9pp	30.5%+5.2pp	25.3%+3.6pp	21.7%+3.1pp	18.6%-3.7pp	22.2%+0.3pp	21.9%
Operating Margin	16.8%-1.2pp	18.0%-1.8pp	19.8%+10.1pp	9.7%-6.9pp	16.6%-3.8pp	20.4%+3.9pp	16.5%+6.1pp	10.4%+6.8pp	3.5%-3.9pp	7.5%+2.0pp	5.5%-3.0pp	8.5%+4.4pp	4.2%-2.3pp	6.5%-3.2pp	9.7%
Net Margin	11.5%+1.3pp	10.2%-4.0pp	14.2%+8.6pp	5.6%-7.5pp	13.2%+4.6pp	8.6%-2.8pp	11.4%+5.2pp	6.2%-0.2pp	6.4%+0.4pp	6.0%+5.3pp	0.7%-3.0pp	3.7%+1.8pp	1.9%-1.0pp	2.9%-0.2pp	3.0%
Return on Equity	12.0%+3.8pp	8.3%-1.8pp	10.1%+5.1pp	5.0%-5.2pp	10.2%+4.7pp	5.5%-3.2pp	8.6%+4.5pp	4.2%-0.8pp	4.9%-4.7pp	9.7%+8.3pp	1.3%-7.0pp	8.4%+3.7pp	4.7%-2.2pp	6.9%-4.0pp	10.9%
Return on Assets	3.4%+0.9pp	2.5%-0.9pp	3.4%+1.8pp	1.7%-2.0pp	3.7%+1.6pp	2.1%-1.4pp	3.5%+1.8pp	1.7%0.0pp	1.8%-0.7pp	2.4%+2.1pp	0.3%-1.6pp	1.9%+0.8pp	1.1%-0.4pp	1.5%-0.4pp	2.0%
Current Ratio	0.63+0.1x	0.55-0.3x	0.83+0.2x	0.60+0.1x	0.490.0x	0.530.0x	0.550.0x	0.58-0.1x	0.630.0x	0.63-0.1x	0.70-0.2x	0.86+0.2x	0.65-0.3x	0.930.0x	0.92
Debt-to-Equity	1.59+0.2x	1.42	N/A	1.22+0.1x	1.12+0.1x	1.02+0.1x	0.900.0x	0.87-0.2x	1.05-0.7x	1.71-0.4x	2.08+0.1x	1.98+0.3x	1.66-0.3x	1.97-0.6x	2.58
Liabilities-to-Equity	2.45+0.2x	2.28+0.4x	1.88-0.1x	1.94+0.2x	1.73+0.2x	1.56+0.1x	1.42+0.1x	1.35-0.2x	1.59-1.2x	2.80-0.5x	3.29+0.2x	3.08+0.2x	2.89-0.3x	3.15-0.9x	4.05
Asset Turnover	0.30+0.1x	0.240.0x	0.24-0.1x	0.300.0x	0.280.0x	0.24-0.1x	0.310.0x	0.280.0x	0.27-0.1x	0.410.0x	0.40-0.1x	0.52-0.1x	0.570.0x	0.53-0.1x	0.65
FCF Margin	5.1%-6.0pp	11.0%-10.9pp	21.9%+9.5pp	12.3%+9.3pp	3.0%-8.2pp	11.2%+3.4pp	7.8%-0.2pp	8.0%+11.6pp	-3.7%-3.9pp	0.2%+8.2pp	-8.0%+13.2pp	-21.2%-6.3pp	-14.9%-5.5pp	-9.4%-8.8pp	-0.6%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	39.1%-11.8pp
Operating Margin	9.9%-5.5pp	14.4%-5.4pp	15.9%+0.8pp	15.5%+0.6pp	15.4%-4.7pp	19.9%-4.7pp	15.1%-1.2pp	14.9%-3.3pp
Net Margin	5.1%-10.2pp	8.0%-4.8pp	12.0%+8.3pp	5.4%-4.0pp	15.3%-1.8pp	12.8%-0.9pp	3.7%-12.4pp	9.3%+3.0pp
Return on Equity	2.3%-1.2pp	2.7%-0.7pp	3.3%+2.4pp	1.2%-0.9pp	3.5%+0.6pp	3.5%+1.1pp	0.9%-2.1pp	2.1%+1.2pp
Return on Assets	0.7%-0.4pp	0.8%-0.3pp	0.9%+0.7pp	0.4%-0.3pp	1.1%+0.1pp	1.1%+0.3pp	0.3%-0.7pp	0.7%+0.3pp
Current Ratio	0.720.0x	0.81+0.1x	0.63+0.1x	0.80+0.2x	0.750.0x	0.730.0x	0.55-0.3x	0.620.0x
Debt-to-Equity	1.59+0.1x	1.59+0.2x	1.59+0.2x	1.54+0.2x	1.48+0.2x	1.42+0.2x	1.42	1.33+0.3x
Liabilities-to-Equity	2.49+0.3x	2.46+0.3x	2.45+0.2x	2.27+0.2x	2.19+0.2x	2.18+0.3x	2.28+0.4x	2.08+0.4x
Asset Turnover	0.13+0.1x	0.100.0x	0.080.0x	0.070.0x	0.070.0x	0.080.0x	0.070.0x	0.070.0x
FCF Margin	3.9%-5.1pp	-0.4%-7.6pp	0.5%-6.4pp	3.7%-5.3pp	9.0%-3.9pp	7.2%-10.6pp	6.9%-14.7pp	9.0%-10.2pp

Note: The current ratio is below 1.0 (0.63), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Enbridge, Inc ENB	FY2025	$47.5B	$5.5B	11.5%	$107.3B	48/100
Williams Companies Inc. WMB	FY2025	$11.9B	$2.6B	21.9%	$87.7B	51/100
Enterprise Products Partners L.P. EPD	FY2025	$52.6B	$5.8B	11.1%	$80.1B	51/100
Energy Transfer LP ET	FY2025	$85.5B	$4.4B	5.2%	$70.4B	48/100
Kinder Morgan, Inc. KMI	FY2025	$16.9B	$3.1B	18.0%	$76.7B	51/100
TC Energy Corporation TRP	FY2025	$11.1B	$2.6B	23.1%	$65.0B	41/100

Where Enbridge, Inc Ranks

Frequently Asked Questions

What is Enbridge, Inc's annual revenue?

Enbridge, Inc (ENB) reported $47.5B in total revenue for fiscal year 2025. This represents a 28.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Enbridge, Inc's revenue growing?

Enbridge, Inc (ENB) revenue grew by 28.0% year-over-year, from $37.1B to $47.5B in fiscal year 2025.

Is Enbridge, Inc profitable?

Yes, Enbridge, Inc (ENB) reported a net income of $4.4B over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $5.5B, with a net profit margin of 11.5%.

What is Enbridge, Inc's EBITDA?

Enbridge, Inc (ENB) had EBITDA of $12.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Enbridge, Inc have?

As of fiscal year 2025, Enbridge, Inc (ENB) had $797.8M in cash and equivalents against $72.2B in long-term debt.

What is Enbridge, Inc's operating margin?

Enbridge, Inc (ENB) had an operating margin of 16.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Enbridge, Inc's net profit margin?

Enbridge, Inc (ENB) had a net profit margin of 11.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Enbridge, Inc pay dividends?

Yes, Enbridge, Inc (ENB) paid $2.75 per share in dividends during fiscal year 2025.

What is Enbridge, Inc's return on equity (ROE)?

Enbridge, Inc (ENB) has a return on equity of 12.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Enbridge, Inc's free cash flow?

Enbridge, Inc (ENB) generated $2.4B in free cash flow during fiscal year 2025. This represents a -41.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Enbridge, Inc's operating cash flow?

Enbridge, Inc (ENB) generated $8.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Enbridge, Inc's total assets?

Enbridge, Inc (ENB) had $159.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Enbridge, Inc's capital expenditures?

Enbridge, Inc (ENB) invested $6.5B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Enbridge, Inc have outstanding?

Enbridge, Inc (ENB) had 2.18B shares outstanding as of fiscal year 2025.

What is Enbridge, Inc's current ratio?

Enbridge, Inc (ENB) had a current ratio of 0.63 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Enbridge, Inc's debt-to-equity ratio?

Enbridge, Inc (ENB) had a debt-to-equity ratio of 1.59 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Enbridge, Inc's liabilities-to-equity ratio?

Enbridge, Inc (ENB) had a liabilities-to-equity ratio of 2.45 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Enbridge, Inc's return on assets (ROA)?

Enbridge, Inc (ENB) had a return on assets of 3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Enbridge, Inc's P/E ratio?

Enbridge, Inc (ENB) trades at 24.4x earnings, its market capitalization divided by $4.4B net income, trailing 12 months to June 30, 2026. The market capitalization is $107.3B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Enbridge, Inc's price-to-sales ratio?

Enbridge, Inc (ENB) trades at 1.8x sales, its market capitalization divided by $59.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $107.3B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Enbridge, Inc's Altman Z-Score?

Enbridge, Inc (ENB) has an Altman Z-Score of 0.86, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Enbridge, Inc's Piotroski F-Score?

Enbridge, Inc (ENB) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Enbridge, Inc's earnings high quality?

Enbridge, Inc (ENB) has an earnings quality ratio of 1.64x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Enbridge, Inc cover its interest payments?

Enbridge, Inc (ENB) has an interest coverage ratio of 2.18x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Enbridge, Inc?

Enbridge, Inc (ENB) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.