ENB Financials Enbridge Inc

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 9.3% per year over the past 5 years.
Net income has grown faster than revenue (17.4% vs 9.3% per year).
Operating margin has contracted, at 37.4% in the latest year.
Free cash flow has declined 5.5% per year over the past 5 years.

Financial health

Total debt ($105.4B) exceeds cash ($1.1B); net debt is $104.3B.
Total debt has grown in line with revenue (9.7% vs 9.3% per year).
Operating income covered interest expense 2.2× in the latest year, down from 2.9× 5 years ago.
Total debt is 6.3× EBITDA.

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 109.7% of earnings and 249.3% of free cash flow.
The dividend has grown 4.6% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$29.3B	$7.5B	0.0%	37.4%	$3.3B	$105.4B	$1.1B
2024	$25.9B	$5.4B	0.0%	37.3%	$5.9B	$102.3B	$1.8B
2023	$24.1B	$6.2B	11.3%	35.9%	$9.5B	$80.8B	$5.9B
2022	$23.9B	$3.0B	-36.3%	21.7%	$6.6B	$80.7B	$861M
2021	$19.4B	$6.2B	-47.7%	40.2%	$1.4B	$75.3B	$286M
2020	$18.8B	$3.4B	-9.8%	42.3%	$4.4B	$66.5B	$452M
2019	$19.7B	$5.7B	-57.4%	41.9%	$3.9B	$64.5B	$648M
2018	$20.8B	$2.9B	-41.4%	23.2%	$3.7B	$64.0B	$518M
2017	—	$2.9B	—	—	-$1.6B	$64.4B	$480M
2016	—	$2.1B	—	—	$77M	—	$1.5B
2015	—	$251M	—	—	-$2.7B	—	$654M
2014	—	$1.4B	—	—	-$8.0B	—	$799M
2013	—	$629M	—	—	-$4.9B	—	$756M
2012	—	$707M	—	—	-$2.3B	—	$1.8B
2011	—	$814M	—	—	-$156M	—	$723M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$9.0B	$1.8B	0.0%	36.0%	-$97M	—	$1.6B
Dec '25	$7.8B	$2.1B	0.0%	34.7%	$82M	$105.4B	$1.1B
Sep '25	$6.1B	$788M	0.0%	36.9%	$547M	—	$1.4B
Jun '25	$6.5B	$2.3B	0.0%	35.1%	$1.3B	—	$1.2B
Mar '25	$8.8B	$2.4B	0.0%	41.8%	$1.3B	—	$2.1B
Dec '24	$7.5B	$595M	0.0%	32.8%	$1.1B	$102.3B	$1.8B
Sep '24	$5.7B	$1.4B	-58.1%	38.7%	$1.3B	—	$1.9B
Jun '24	$5.9B	$1.9B	7.5%	38.3%	$1.5B	—	$3.6B
Mar '24	$6.8B	$1.5B	26.2%	40.0%	$2.0B	—	$1.2B
Dec '23	$6.2B	$1.8B	13.4%	29.6%	$2.4B	$80.8B	$5.9B
Sep '23	$5.2B	$621M	6.6%	34.7%	$1.9B	—	$2.6B
Jun '23	$5.6B	$1.9B	12.1%	42.0%	$2.5B	—	$1.0B
Mar '23	$7.2B	$1.8B	13.6%	36.9%	$2.7B	—	$976M
Dec '22	$6.9B	-$983M	-9.7%	-7.8%	$2.2B	$80.7B	$861M
Sep '22	$5.3B	$1.4B	-24.0%	33.2%	$942M	—	$1.0B
Jun '22	$5.2B	$595M	-66.9%	29.4%	$1.6B	—	$1.0B
Mar '22	$6.5B	$2.0B	-50.3%	37.3%	$1.9B	—	$413M
Dec '21	$5.5B	$1.9B	-33.9%	37.3%	-$41M	$75.3B	$286M
Sep '21	$4.2B	$780M	-75.9%	32.7%	$151M	—	$451M
Jun '21	$4.3B	$1.5B	-56.5%	42.3%	$823M	—	$374M

Valuation over time

How the market has priced ENB against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 27.8× (Mar '23) to 16.4× (Jun '26).
The price-to-sales ratio has risen from 3.5× (Mar '23) to 4.2× (Jun '26).
The dividend yield has fallen from 8.4% (Mar '23) to 6.7% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is ENB growing its revenue and profit?

Over the past 5 years, Enbridge Inc's revenue has grown 9.3% per year, and net income grown 17.4% per year. These are computed facts, not advice.

How much debt does ENB have?

As of FY2025, Enbridge Inc reported $105.4B of total debt against $1.1B of cash; operating income covered interest expense 2.2×.

What is ENB's profit margin?

In FY2025, gross margin was —, operating margin 37.4%, and net margin 25.5%.

What is ENB's P/E ratio?

As of Jun '26, Enbridge Inc traded at a price-to-earnings ratio of about 16.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.