South Bow Corporation Financials
This page shows South Bow Corporation (SOBO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
South Bow Corporation has an operating margin of 51.5%, meaning the company retains $51 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 53.6% the prior year.
South Bow Corporation's revenue grew 5.7% year-over-year to $2.1B, a solid pace of expansion. This earns a growth score of 45/100.
South Bow Corporation has elevated debt relative to equity (D/E of 3.34), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
South Bow Corporation's current ratio of 1.25 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.
South Bow Corporation converts 18.3% of revenue into free cash flow ($388.0M). This strong cash generation earns a score of 91/100.
South Bow Corporation's ROE of 12.1% shows moderate profitability relative to equity, earning a score of 48/100. This is down from 15.6% the prior year.
South Bow Corporation scores 1.02, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
South Bow Corporation passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, South Bow Corporation generates $1.67 in operating cash flow ($529.0M OCF vs $316.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
South Bow Corporation earns $2.8 in operating income for every $1 of interest expense ($1.1B vs $388.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
South Bow Corporation generated $2.1B in revenue in fiscal year 2024. This represents an increase of 5.7% from the prior year.
South Bow Corporation's EBITDA was $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.4% from the prior year.
South Bow Corporation generated $388.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 47.0% from the prior year.
South Bow Corporation reported $316.0M in net income in fiscal year 2024. This represents a decrease of 28.5% from the prior year.
South Bow Corporation earned $1.52 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 28.6% from the prior year.
South Bow Corporation held $397.0M in cash against $0 in long-term debt as of fiscal year 2024.
South Bow Corporation had 208M shares outstanding in fiscal year 2024.
South Bow Corporation's gross margin was 82.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.2 percentage points from the prior year.
South Bow Corporation's operating margin was 51.5% in fiscal year 2024, reflecting core business profitability. This is down 2.1 percentage points from the prior year.
South Bow Corporation's net profit margin was 14.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 7.1 percentage points from the prior year.
South Bow Corporation's ROE was 12.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 3.4 percentage points from the prior year.
South Bow Corporation invested $141.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 200.0% from the prior year.
SOBO Income Statement
| Metric | Q4'24 | Q4'23 |
|---|---|---|
| Revenue | N/A | N/A |
| Cost of Revenue | N/A | N/A |
| Gross Profit | N/A | N/A |
| R&D Expenses | N/A | N/A |
| SG&A Expenses | N/A | N/A |
| Operating Income | N/A | N/A |
| Interest Expense | N/A | N/A |
| Income Tax | N/A | N/A |
| Net Income | N/A | N/A |
| EPS (Diluted) | N/A | N/A |
SOBO Balance Sheet
| Metric | Q4'24 | Q4'23 |
|---|---|---|
| Total Assets | $11.3B-5.8% | $12.0B |
| Current Assets | $2.2B-15.9% | $2.6B |
| Cash & Equivalents | $397.0M+51.5% | $262.0M |
| Inventory | $207.0M+29.4% | $160.0M |
| Accounts Receivable | $1.2B-11.5% | $1.3B |
| Goodwill | N/A | N/A |
| Total Liabilities | $8.7B-5.1% | $9.2B |
| Current Liabilities | $1.8B-15.1% | $2.1B |
| Long-Term Debt | N/A | N/A |
| Total Equity | $2.6B-8.1% | $2.8B |
| Retained Earnings | -$49.0M | $0 |
SOBO Cash Flow Statement
| Metric | Q4'24 | Q4'23 |
|---|---|---|
| Operating Cash Flow | N/A | N/A |
| Capital Expenditures | N/A | N/A |
| Free Cash Flow | N/A | N/A |
| Investing Cash Flow | N/A | N/A |
| Financing Cash Flow | N/A | N/A |
| Dividends Paid | N/A | N/A |
| Share Buybacks | N/A | N/A |
SOBO Financial Ratios
| Metric | Q4'24 | Q4'23 |
|---|---|---|
| Gross Margin | N/A | N/A |
| Operating Margin | N/A | N/A |
| Net Margin | N/A | N/A |
| Return on Equity | N/A | N/A |
| Return on Assets | N/A | N/A |
| Current Ratio | 1.25-0.0 | 1.26 |
| Debt-to-Equity | 3.34+0.1 | 3.24 |
| FCF Margin | N/A | N/A |
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Frequently Asked Questions
What is South Bow Corporation's annual revenue?
South Bow Corporation (SOBO) reported $2.1B in total revenue for fiscal year 2024. This represents a 5.7% 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 South Bow Corporation's revenue growing?
South Bow Corporation (SOBO) revenue grew by 5.7% year-over-year, from $2.0B to $2.1B in fiscal year 2024.
Is South Bow Corporation profitable?
Yes, South Bow Corporation (SOBO) reported a net income of $316.0M in fiscal year 2024, with a net profit margin of 14.9%.
What is South Bow Corporation's earnings per share (EPS)?
South Bow Corporation (SOBO) reported diluted earnings per share of $1.52 for fiscal year 2024. This represents a -28.6% 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.
What is South Bow Corporation's EBITDA?
South Bow Corporation (SOBO) had EBITDA of $1.3B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is South Bow Corporation's gross margin?
South Bow Corporation (SOBO) had a gross margin of 82.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is South Bow Corporation's operating margin?
South Bow Corporation (SOBO) had an operating margin of 51.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is South Bow Corporation's net profit margin?
South Bow Corporation (SOBO) had a net profit margin of 14.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is South Bow Corporation's return on equity (ROE)?
South Bow Corporation (SOBO) has a return on equity of 12.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is South Bow Corporation's free cash flow?
South Bow Corporation (SOBO) generated $388.0M in free cash flow during fiscal year 2024. This represents a -47.0% 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 South Bow Corporation's operating cash flow?
South Bow Corporation (SOBO) generated $529.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are South Bow Corporation's total assets?
South Bow Corporation (SOBO) had $11.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are South Bow Corporation's capital expenditures?
South Bow Corporation (SOBO) invested $141.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does South Bow Corporation have outstanding?
South Bow Corporation (SOBO) had 208M shares outstanding as of fiscal year 2024.
What is South Bow Corporation's current ratio?
South Bow Corporation (SOBO) had a current ratio of 1.25 as of fiscal year 2024, which is considered adequate.
What is South Bow Corporation's debt-to-equity ratio?
South Bow Corporation (SOBO) had a debt-to-equity ratio of 3.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is South Bow Corporation's return on assets (ROA)?
South Bow Corporation (SOBO) had a return on assets of 2.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is South Bow Corporation's Altman Z-Score?
South Bow Corporation (SOBO) has an Altman Z-Score of 1.02, 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 South Bow Corporation's Piotroski F-Score?
South Bow Corporation (SOBO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are South Bow Corporation's earnings high quality?
South Bow Corporation (SOBO) has an earnings quality ratio of 1.67x, 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 South Bow Corporation cover its interest payments?
South Bow Corporation (SOBO) has an interest coverage ratio of 2.8x, 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 South Bow Corporation?
South Bow Corporation (SOBO) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.