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ENB · NYSE · United States · Pipe Lines (No Natural Gas)
In shortENBRIDGE INC is profitable, generates cash and carries moderate debt, with revenue growing (+21.9% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 16.8% | 73/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 11.5% | 66/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 11.7% | 58/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 5.2% | 35/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.63× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.67× | 18/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 6.19× | 0/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.18× | 6/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.21 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 5.1% | 40/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.44× | 18/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 17.2% | 47/100 |
| Operating margin volatility | 3.8% | 74/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 6.9% | 55/100 |
|---|---|---|
| EPS growth, 3-year average | 36.0% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
CAD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 47,071 | 53,309 | 43,649 | 53,473 | 65,194 |
| Cost of revenue | 28,702 | 32,589 | 21,366 | – | – |
| Gross profit | 18,369 | 20,720 | 22,283 | – | – |
| Operating income | 7,805 | 5,178 | 8,651 | 9,649 | 10,958 |
| Interest expense | 2,655 | 3,179 | 3,812 | 4,419 | 5,023 |
| Pre-tax income | 7,729 | 4,542 | 7,879 | 7,299 | 9,793 |
| Income tax | 1,415 | 1,604 | 1,821 | 1,668 | 2,004 |
| Net income | 6,189 | 3,003 | 6,191 | 5,441 | 7,491 |
| Diluted EPS | C$2.87 | C$1.28 | C$2.84 | C$2.34 | C$3.22 |
| Diluted shares (millions) | 2,025 | 2,029 | 2,058 | 2,158 | 2,186 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
0.21 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 31, 2026