Enbridge Inc.
EnergyNYSE:ENB · New York Stock Exchange
-$0.05 today
Vol 1.83M · Avg 4.56M
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
$78.0B of revenue converted into $7.6B of net income for the selected period. Gross margin is 31.6% and net margin is 10.1%, showing how much revenue survives after costs and taxes. EPS is $3.24, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $65.2B +21.9% | $53.5B +22.5% | $43.6B -18.1% | $53.3B +13.3% | $47.1B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $43.7B +27.7% | $34.2B +31.7% | $26.0B -29.6% | $36.9B +13.4% | $32.6B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $21.5B +11.6% | $19.3B +9.0% | $17.7B +7.7% | $16.4B +13.0% | $14.5B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 33.0% -3.1pp | 36.0% -4.5pp | 40.5% +9.7pp | 30.8% -0.1pp | 30.8% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 | $0 +100.0% | -$135.0M +43.5% | -$239.0M -59.3% | -$150.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $10.5B +9.6% | $9.6B +6.6% | $9.0B -19.7% | $11.2B +67.2% | $6.7B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $5.7B +9.6% | $5.2B +12.0% | $4.6B +6.9% | $4.3B +12.1% | $3.9B | $374.2M | $1.2B | $631.8M |
| EBITDA | $20.4B +21.2% | $16.9B +3.2% | $16.3B +35.3% | $12.1B -15.4% | $14.3B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 31.4% -0.2pp | 31.5% -5.9pp | 37.5% +14.8pp | 22.7% -7.7pp | 30.3% | 5.6% | 46.3% | 42.0% |
| Operating Income | $11.0B +13.6% | $9.6B +11.5% | $8.7B +67.1% | $5.2B -33.7% | $7.8B | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 16.8% -1.2pp | 18.0% -1.8pp | 19.8% +10.1pp | 9.7% -6.9pp | 16.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 -100.0% | $10.0M | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $5.0B +13.4% | $4.4B +15.1% | $3.8B +18.5% | $3.2B +19.2% | $2.7B | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$1.2B +50.4% | -$2.4B -204.4% | -$772.0M -21.4% | -$636.0M -736.8% | -$76.0M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $9.8B +34.2% | $7.3B -7.4% | $7.9B +73.5% | $4.5B -41.2% | $7.7B | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 15.0% +1.4pp | 13.6% -4.4pp | 18.1% +9.5pp | 8.5% -7.9pp | 16.4% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $2.0B +20.1% | $1.7B -8.4% | $1.8B +13.5% | $1.6B +13.4% | $1.4B | $1.3B | -$1.6B | $745.2M |
| Net Income | $7.5B +37.7% | $5.4B -12.1% | $6.2B +106.2% | $3.0B -51.5% | $6.2B | $4.9B | $4.8B | $4.7B |
| Net Margin | 11.5% +1.3pp | 10.2% -4.0pp | 14.2% +8.6pp | 5.6% -7.5pp | 13.1% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $3 +38.5% | $2 -17.6% | $3 +121.9% | $1 -55.4% | $3 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $3 +38.5% | $2 -17.6% | $3 +121.9% | $1 -55.4% | $3 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $2.2B +1.2% | $2.2B +4.8% | $2.1B +1.5% | $2.0B +0.1% | $2.0B | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $2.2B +1.3% | $2.2B +4.9% | $2.1B +1.4% | $2.0B +0.2% | $2.0B | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
ConocoPhillips
NYSE:COP
$143.34B
Petróleo Brasileiro S.A. - Petrobras
NYSE:PBR
$117.00B
Petróleo Brasileiro S.A. - Petrobras
NYSE:PBR-A
$104.50B
The Williams Companies, Inc.
NYSE:WMB
$87.95B
Enterprise Products Partners L.P.
NYSE:EPD
$80.37B
TC Energy Corporation
NYSE:TRP
$72.41B
Kinder Morgan, Inc.
NYSE:KMI
$70.98B
Energy Transfer LP
NYSE:ET
$65.36B
MPLX Lp
NYSE:MPLX
$57.22B
BP p.l.c.
NYSE:BP
$18.70B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does ENB generate?
Enbridge Inc. (ENB) reported $65.19B of revenue in fiscal 2025.
Is ENB profitable?
Enbridge Inc. (ENB) reported $7.49B of net income, with a net margin of 11.5%.
Explore More
Continue the stock analysis
Jump to another research area for this company.