South Bow Corporation
EnergyNYSE:SOBO · New York Stock Exchange
+$0.41 today
Vol 1.22M · Avg 0.98M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.6B of revenue converted into $397.1M of net income for the selected period. Gross margin is 33.6% and net margin is 24.9%, showing how much revenue survives after costs and taxes. EPS is $1.90, tying the income statement back to per-share earnings.
Income Statement
Annual data · 3 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.6B -24.0% | $2.1B -20.2% | $2.7B | $888.0M | $1.0B | $809.6M |
| Cost of Revenue | $1.3B +109.2% | $622.0M +33.7% | $465.2M | -$1.7B | $344.8M | $725.6M |
| Gross Profit | $309.3M -79.4% | $1.5B -31.7% | $2.2B | $11.6B | $10.3B | $8.9B |
| Gross Margin | 19.2% -51.5pp | 70.7% -11.8pp | 82.5% | 26.4% | 45.5% | 9.8% |
| Research & Development | $0 | $0 | $0 | $1.2B | $378.4M | $983.2M |
| Selling, General & Admin | $0 | $0 | $0 | $811.0M | $1.4B | $620.6M |
| Operating Expenses | -$8.1M -101.1% | $753.0M -40.5% | $1.3B | -$15.9B | $3.6B | $5.3B |
| Depreciation & Amortization | $251.3M +2.2% | $246.0M -23.9% | $323.4M | $419.0M | $1.2B | $374.2M |
| EBITDA | $1.1B +4.0% | $1.1B -22.6% | $1.4B | $10.0B | $12.6B | -$15.2B |
| EBITDA Margin | 67.9% +18.3pp | 49.6% -1.5pp | 51.2% | 14.3% | 10.0% | 5.6% |
| Operating Income | $317.5M -57.4% | $745.0M -19.7% | $927.8M | $9.0B | $10.6B | $12.3B |
| Operating Margin | 19.7% -15.4pp | 35.1% +0.2pp | 34.9% | 11.2% | 18.7% | 16.6% |
| Interest Income | $40.7M +239.2% | $12.0M -71.7% | $42.4M | $875.4M | $1.3B | -$1.5B |
| Interest Expense | $336.8M -13.2% | $388.0M +33.1% | $291.6M | $801.2M | $969.2M | $1.1B |
| Other Income / Expenses | $188.2M +157.6% | -$327.0M -78.8% | -$182.9M | $368.6M | -$1.6B | -$1.5B |
| Income Before Tax | $505.7M +21.0% | $418.0M -43.9% | $744.9M | $13.9B | -$15.6B | $3.3B |
| Pre-Tax Margin | 31.4% +11.7pp | 19.7% -8.3pp | 28.0% | 15.4% | 13.3% | 20.8% |
| Income Tax Expense | $65.1M -36.2% | $102.0M -35.9% | $159.1M | $375.6M | $666.8M | $1.3B |
| Net Income | $440.6M +39.4% | $316.0M -46.1% | $585.9M | $5.1B | $5.0B | $4.9B |
| Net Margin | 27.4% +12.4pp | 14.9% -7.1pp | 22.0% | 47.3% | 7.4% | 12.4% |
| EPS (Basic) | $2 +39.5% | $2 -46.1% | $3 | $591.2M | $1.2B | $400.8M |
| EPS (Diluted) | $2 +38.8% | $2 -46.1% | $3 | $777.4M | $620.6M | $766.2M |
| Weighted Avg Shares | $208.2M +0.1% | $207.9M +0.1% | $207.6M | $724.2M | $892.2M | $757.8M |
| Weighted Avg Shares (Diluted) | $208.8M +0.3% | $208.2M +0.3% | $207.6M | $566.0M | $319.6M | $1.2B |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Frontline Ltd.
NYSE:FRO
$8.70B
Chord Energy Corporation
NASDAQ:CHRD
$7.62B
NOV Inc.
NYSE:NOV
$7.58B
Vista Energy, S.A.B. de C.V.
NYSE:VIST
$7.52B
Noble Corporation Plc
NYSE:NE
$7.49B
Weatherford International plc
NASDAQ:WFRD
$7.29B
Matador Resources Company
NYSE:MTDR
$6.71B
Archrock, Inc.
NYSE:AROC
$6.42B
Transportadora de Gas del Sur S.A.
NYSE:TGS
$4.98B
CNX Resources Corporation
NYSE:CNX
$4.69B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does SOBO generate?
South Bow Corporation (SOBO) reported $1.61B of revenue in fiscal 2025.
Is SOBO profitable?
South Bow Corporation (SOBO) reported $440.58M of net income, with a net margin of 27.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.