Free cash flow
Enbridge Free cash flow decreased by 85.0% to $82.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 92.7%, from $1.12B to $82.00M. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 22.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $823.00M | $151.00M | $0.00 | $1.89B | $1.58B | $942.00M | $2.17B | $2.74B | $2.48B | $1.89B | $2.44B | $1.97B | $1.47B | $1.34B | $1.12B | $1.33B | $1.34B | $547.00M | $82.00M |
| QoQ Change | — | -81.7% | -100.0% | — | -16.4% | -40.4% | +130.4% | +26.1% | -9.6% | -23.5% | +29.0% | -19.5% | -25.4% | -8.5% | -16.8% | +19.2% | +0.6% | -59.1% | -85.0% |
| YoY Change | — | — | — | — | +92.0% | +523.8% | — | +44.7% | +56.6% | +101.0% | +12.5% | -28.2% | -40.8% | -29.2% | -54.3% | -32.3% | -8.7% | -59.2% | -92.7% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Enbridge's free cash flow?
- Enbridge (ENB) reported free cash flow of $82.00M in Q4 2025.
- How has Enbridge's free cash flow changed year-over-year?
- Enbridge's free cash flow decreased by 92.7% year-over-year, from $1.12B to $82.00M.
- What is the long-term trend for Enbridge's free cash flow?
- Over 4 years (2021 to 2025), Enbridge's free cash flow has grown at a 22.2% compound annual growth rate (CAGR), from $1.48B to $3.30B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.