Enbridge ENB Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 65.1%-8.8pp | 67.3%-9.6pp | 68.6%-10.1pp | 70.6%-3.2pp | 73.9%+6.8pp | |
| Net margin | 41.2%-6.6pp | 41.5%-9.8pp | 40.2%-15.1pp | 44.5%-4.4pp | 47.8%+3.7pp | |
| EBITDA margin | 99.3%-14.3pp | 102.1%-16.7pp | 104.3%-17.1pp | 107.8%-8.5pp | 113.6%+5.6pp | |
| Free cash flow margin | 22.5%-29.9pp | 28.4%-35.9pp | 34.3%-40.9pp | 42.4%-38.1pp | 52.3%-27.9pp | |
| Returns | ||||||
| Return on equity | 41.2%+3.8pp | 40.4%+3.1pp | 37.2%-1.7pp | 38.2%+4.2pp | 37.4%+5.9pp | |
| Return on assets | 12.6%+0.2pp | 12.6%0.0pp | 11.9%-1.4pp | 12.5%+0.8pp | 12.4%+1.5pp | |
| Return on invested capital | 25.9%+3.5pp | 23.8%+1.9pp | 23.6%+1.9pp | 23.2%+3.1pp | 22.4%+3.7pp | |
| Efficiency | ||||||
| Asset turnover | 1.2×+0.2× | 1.2×+0.2× | 1.2×+0.2× | 1.1×+0.2× | 1×0.0× | |
| Liquidity | ||||||
| Current ratio | 3×+0.3× | 2.9×+0.3× | 2.8×-0.1× | 2.7×-0.3× | 2.7×-0.1× | |
| Quick ratio | 2.6×+0.2× | 2.5×+0.2× | 2.5×-0.1× | 2.3×-0.2× | 2.4×-0.1× | |
| Cash ratio | 0.3×-0.2× | 0.3×-0.1× | 0.4×-0.4× | 0.4×-0.4× | 0.5×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 4.7×-0.8× | 6.1×+0.8× | 5.9×+0.8× | 5.7×+0.9× | 5.5×+0.7× | |
| Debt-to-assets | 1.4×-0.3× | 1.8×+0.1× | 1.8×+0.1× | 1.8×+0.1× | 1.7×+0.1× | |
| Net debt / EBITDA | 18.2×-6.4× | 24.2×-0.4× | 24.5×+0.9× | 24.5×+0.8× | 24.6×+0.2× | |
| Interest coverage | 8.7×+0.1× | 8.7×0.0× | 8.7×-0.1× | 8.6×+0.1× | 8.6×+0.5× | |
| Valuation | ||||||
| Market capitalization | $430.78B+22.0% | $409.19B+22.7% | $397.19B+25.1% | $375.58B+25.3% | $353.06B+18.0% | |
| Enterprise value | $727.94B+2.5% | $802.42B+18.8% | $783.59B+23.1% | $747.9B+24.6% | $710.48B+20.4% | |
| Price / earnings | 64.1×+5.7× | 62.4×+6.2× | 65.4×+13.9× | 60.4×+1.3× | 58.4×-6.0× | |
| Price / sales | 6.5×-0.3× | 6.4×-0.7× | 6.5×-0.6× | 6.7×-0.2× | 6.9×+0.2× | |
| Price / book | 6.7×+1.4× | 6.3×+1.2× | 6×+1.1× | 5.7×+1.0× | 5.3×+0.5× | |
| EV / EBITDA | 44.6×-4.2× | 49.4×+0.8× | 49.6×+2.5× | 49.1×+1.8× | 48.8×-0.6× | |
| EV / sales | 11.1×-2.7× | 12.6×-1.8× | 12.9×-1.3× | 13.3×-0.4× | 13.9×+0.7× | |
| Free cash flow yield | 13.9%-16.3pp | 17.8%-18.5pp | 21%-21.3pp | 25.2%-22.1pp | 30.2%-17.9pp | |
| Earnings yield | 25.2%-2.5pp | 25.9%-2.9pp | 24.6%-6.4pp | 26.7%-1.6pp | 27.7%+1.7pp | |
| Dividend yield | 30.5%-5.0pp | 31.8%-5.2pp | 32.4%-5.5pp | 33.8%-5.4pp | 35.6%-3.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Enbridge's ratios come from?
- Every ratio is computed from Enbridge's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
