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Enbridge ENB Operating margin

Operating margin at other companies

National Fuel Gas logo
National Fuel GasNFG
40.3%
Williams Companies logo
Williams CompaniesWMB
34.3%-0.2pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
13.4%+0.1pp
Kinder Morgan logo
Kinder MorganKMI
29%+1.4pp
HES
Hess MidstreamHESM
61.9%+0.5pp
DT Midstream logo
DT MidstreamDTM
49.5%+0.4pp

Other financials

Income statement

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Revenue$22.4B+20.8%
Operating income$3.2B-12.2%
Net income$1.4B-38.7%
EPS (diluted)$0.76-26.2%

Balance sheet

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Cash & equivalents$1.6B-21.7%
Total debt$1.5B-98.5%
Total equity$65.0B-4.8%
Total assets$228.20B+3.7%

Cash flow

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Operating cash flow$4.1B+27.0%
CapEx$2.4B+41.6%
Free cash flow-$97.0M-107%

Valuation

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Market cap$118.92B+17.0%
Enterprise value$118.78B-38.7%
P/E19.8×+4.4×

Profitability

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Net margin10%-0.3pp
FCF margin2.7%-5.9pp

Returns & leverage

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Return on equity10.4%+0.9pp
Debt / equity-1.4×
Current ratio0.8×+0.1×

Where this comes from

Calculated from Enbridge’s reported figures.

Based on trailing twelve months.

The source filing: Enbridge’s 10-Q, filed May 8, 2026. Open the filing →

Filed
May 8, 2026, 7:05 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-213266

FAQ

What is Enbridge's operating margin?
Enbridge (ENB) reported operating margin of 15.2% in Q1 2026.
How has Enbridge's operating margin changed year-over-year?
Enbridge's operating margin decreased by 12.6% year-over-year, from 17.4% to 15.2%.
What is the long-term trend for Enbridge's operating margin?
Over 5 years (2020 to 2025), Enbridge's operating margin has grown at a -3.8% compound annual growth rate (CAGR), from 20.4% to 16.8%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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