South Bow Corporation
TSX:SOBO.TO · Toronto Stock Exchange
-$0.77 today
Vol 0.61M · Avg 1.29M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
TSX:SOBO.TO · Revenue to Net Income
Key Ratios
Analysis
$1.9B of revenue converted into $423.1M of net income for the selected period. Gross margin is 46.2% and net margin is 22.9%, showing how much revenue survives after costs and taxes. EPS is $2.04, 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 +246.1% | $376.0M -19.2% | $465.2M | -$1.7B | $344.8M | $725.6M |
| Gross Profit | $309.3M -82.3% | $1.7B -20.5% | $2.2B | $11.6B | $10.3B | $8.9B |
| Gross Margin | 19.2% -63.1pp | 82.3% -0.2pp | 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 -100.8% | $999.0M -21.0% | $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 | $568.8M -45.9% | $1.1B -22.6% | $1.4B | $10.0B | $12.6B | -$15.2B |
| EBITDA Margin | 35.3% -14.3pp | 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% | $208.0M +0.2% | $207.6M | $724.2M | $892.2M | $757.8M |
| Weighted Avg Shares (Diluted) | $208.8M +0.4% | $208.0M +0.2% | $207.6M | $566.0M | $319.6M | $1.2B |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Bombardier Inc.
TSX:BBD-B.TO
$29.91B
TFI International Inc.
TSX:TFII.TO
$16.79B
Finning International Inc.
TSX:FTT.TO
$12.75B
CAE Inc.
TSX:CAE.TO
$11.68B
Bombardier Inc.
TSX:BBD-PB.TO
$9.48B
MDA Ltd.
TSX:MDA.TO
$7.62B
Exchange Income Corporation
TSX:EIF.TO
$7.25B
Air Canada
TSX:AC.TO
$6.64B
Groupe Dynamite Inc.
TSX:GRGD.TO
$5.46B
Secure Waste Infrastructure Corp.
TSX:SES.TO
$4.65B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does SOBO.TO generate?
South Bow Corporation (SOBO.TO) reported $1.61B of revenue in fiscal 2025.
Is SOBO.TO profitable?
South Bow Corporation (SOBO.TO) 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.