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SSouth Bow Corp

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South Bow Corp

$34.60Close · Sep 22, 2026
  • Overview
  • Financial statements
  • Metrics
    • Revenue & profit
    • Revenue by segment
    • Launches
    • Revenue concentration
    • Margins
    • Contracted revenue
    • Off-balance-sheet commitments
    • Cash flow
    • Cash & debt
    • Earnings per share
    • P/E ratio
    • Share count & dilution
  • Quarterly earnings
  • Similar companies
  • Insider Transactions
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Metrics

Revenue & profit
Revenue by segment
Margins
Contracted revenue
Cash flow
Cash & debt
Earnings per share
Share count & dilution

Metrics

Compare sales with the profit left after direct costs and the profit left after all expenses and taxes.Formula: Gross profit = revenue − cost of revenue Net income = total income − total expenses
20252023202420250500M1B1.5B2BLatest period 2025. Revenue 1.99B. Gross profit 1.67B. Net profit 433M.
RevenueGross profitNet profit
See which business lines, products, or regions generate the company’s sales.Formula: Company revenue = Σ(segment revenues) + reconciliation adjustments
20252023202420250500M1B1.5B2BLatest period 2025. Intra Alberta And Other 18M. Keystone Pipeline System 1.57B. Marketing 403M.
Capacity Arrangements And TransportationMarketing ActivitiesOther Prodcuts And ServicesCapacity Arrangements And Transportation And OtherOther Than Capacity Arrangements And TransportationProduct And Service OtherIntra Alberta And OtherKeystone Pipeline SystemMarketing
See how much of the company’s revenue comes from each customer it reports as 10% or more of revenue. Filings often name these customers only as Customer A, Customer B, and so on.Formula: Customer share = customer revenue ÷ total revenue × 100% Other customers = 100% − Σ(major customer shares)
20252023202420250%20%40%60%80%100%
    • Some shares are calculated from the customer's reported revenue
    • Some shares are calculated from the customer's reported revenue
    • Some shares are calculated from the customer's reported revenue
    Latest period 2025. Major Customer One 31.9%. Major Customer Two 16.3%. Other customers 51.8%.
    Major Customer OneMajor Customer TwoOther customers
    See how much of each dollar of sales remains after direct costs, after running the business, and after all expenses and taxes.Formula: Gross margin = gross profit ÷ revenue × 100% Operating margin = operating income ÷ revenue × 100% Net margin = net income ÷ revenue × 100%
    20252023202420250%20%40%60%80%Latest period 2025. Gross margin 84.2%. Operating margin 36%. Net profit margin 21.8%.
    Gross marginOperating marginNet profit margin
    Revenue the company expects from promised goods or services it still needs to deliver under customer contracts.
    202520232024202502B4B6B
        Latest period 2025. Remaining performance obligations 6.1B.
        Remaining performance obligations
        See the amounts the company has committed to pay that its balance sheet does not record yet: leases it has signed that have not started, unconditional purchase and other contractual commitments, and the most it could have to pay under guarantees and credit backstops. Amounts are as the filing reports them at each balance-sheet date.Formula: Commitments = leases not yet commenced + purchase & other commitments + maximum guarantee exposure
        2025202320242025050M100M150M
            Latest period 2025. Purchase & other commitments 165M.
            Leases not yet commencedPurchase & other commitmentsGuarantees & contingent commitments
            Compare cash generated by the business, spending on long-lived assets, and what remains afterward.Formula: Free cash flow = operating cash flow − capital expenditures
            $
            20252023202420250200M400M600M
              • Capex: purchases of property, plant and equipment
              Latest period 2025. Operating cash flow 717M. Capex -178M. Free cash flow 539M.
              Operating cash flowCapexFree cash flow
              Compare the company’s cash cushion with its borrowings. Negative net cash means debt is greater than cash.Formula: Net cash = cash − debt
              20252023202420250100M200M300M400M500M
                  Latest period 2025. Cash 549M.
                  CashDebtNet cash
                  See how the number of shares changes over time. More shares can mean each existing share owns a smaller slice of the company.Formula: Outstanding shares = issued shares − treasury shares Share-count growth = (current shares ÷ previous shares − 1) × 100%
                  Stock split history may be out of date.
                  2025202320242025050M100M150M200M
                      Latest period 2025. Shares outstanding 208M. Class detail unavailable 208M.
                      Class detail unavailable