Enbridge Inc.

ENB

$50.52

+0.42%

2026-09-03 16:00:03 EDT+$0.21

Energy

Oil & Gas Midstream

NYSE

Active Trading

Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, ...

Financial Highlights of ENB

Profitability trend

Latest / TTM · 6 periods

Gross Margin

28.2%

Net Margin

7.3%

P/E Ratio

23.23x

n/a

Debt / Equity

1.72

n/a

Current Ratio

0.72

Dividend Yield

5.5%

Understanding

TTM —

Current ratio below 1.0

Financial highlights

Latest / TTM · 6 periods

Snapshot

Latest / TTM: 2026-09-04

Gross Margin

28.2%

Net Margin

7.3%

P/E Ratio

23.23x

Debt / Equity

1.72

Profitability

Profitability table

Metric	2021	2022	2023	2024	2025	2026
Gross MarginGross profit as a percentage of revenue.	30.8%	30.8%	40.5%	36.0%	33.0%	—
Operating MarginOperating income as a percentage of revenue.	16.6%	9.7%	19.8%	18.0%	16.8%	—
Net MarginNet income as a percentage of revenue.	13.1%	5.6%	14.2%	10.2%	11.5%	—
EBITDA MarginEBITDA divided by revenue.	30.3%	22.7%	37.5%	31.5%	31.4%	—
Pre-tax MarginPre-tax profit as a percentage of revenue.	16.4%	8.5%	18.1%	13.6%	15.0%	—

Liquidity & leverage

Liquidity & leverage table

Metric	2021	2022	2023	2024	2025	2026
Current RatioCurrent assets divided by current liabilities.	0.49	0.60	0.83	0.55	0.46	—
Quick RatioLiquid assets divided by current liabilities.	0.40	0.49	0.74	0.49	0.19	—
Cash RatioCash and equivalents divided by current liabilities.	0.02	0.04	0.34	0.08	0.18	—
Debt / AssetsDebt as a share of total assets.	44.8%	45.1%	45.0%	46.4%	48.7%	—
Debt / EquityDebt compared with shareholder equity.	1.24	1.35	1.32	1.54	1.71	—

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	2026
Receivables TurnoverHow often receivables are collected in a year.	8.60x	8.81x	9.01x	7.24x	6.63x	—
Inventory TurnoverHow often inventory is sold in a year.	19.49x	16.37x	17.57x	22.99x	19.65x	—
Payables TurnoverHow often payables are paid in a year.	7.28x	5.98x	6.03x	4.85x	4.19x	—
Asset TurnoverRevenue generated per dollar of assets.	0.28x	0.30x	0.24x	0.24x	0.22x	—
Working Capital TurnoverRevenue generated per dollar of working capital.	-5.92x	-6.12x	-7.80x	-7.81x	-8.59x	—

Valuation ratios

Valuation ratios table

Metric	2021	2022	2023	2024	2025	2026
P/E RatioPrice paid for each dollar of earnings.	17.21x	41.37x	16.79x	26.08x	20.26x	—
P/B RatioPrice paid for each dollar of book value.	1.64x	1.79x	1.60x	2.00x	1.67x	—
P/S RatioPrice paid for each dollar of sales.	2.12x	2.01x	2.25x	2.46x	2.19x	—
P/FCF RatioPrice paid for each dollar of free cash flow.	85.93x	16.73x	10.51x	23.19x	46.08x	—
Dividend YieldAnnual dividend divided by current share price.	7.1%	6.8%	7.8%	6.3%	6.0%	—

Supply Chain of ENB

RELATIONS

Upstream

Tenaris S.A.NYSE:TSEVRAZ North America / Orion Steel (formerly EVRAZ plc)Sulzer AGSWX:SUNBaker Hughes (GE Vernova)NASDAQ:BKRBarnard Construction Company, Inc.Civil & Building North America Inc. (CBNA)Centuri Holdings, Inc. (NPL Construction)NYSE:CTRI Caterpillar Inc.NYSE:CATAriel CorporationVarious raw steel and billet suppliers

Downstream

Suncor Energy Inc.NYSE:SU Canadian Natural Resources Limited (CNRL)NYSE:CNQ Cenovus Energy Inc.NYSE:CVE Imperial Oil LimitedNYSE:IMO Marathon Petroleum CorporationNYSE:MPC Valero Energy CorporationNYSE:VLO Phillips 66NYSE:PSX Chevron CorporationNYSE:CVX BP p.l.c.NYSE:BP PBF Energy Inc.NYSE:PBF HF Sinclair CorporationNYSE:DINOEnbridge Gas residential/commercial/industrial customersEDF Renewables North AmericaEnbridge Ingleside Energy Center (EIEC) export customers

Proxies

TC Energy CorporationNYSE:TRP Kinder Morgan Inc.NYSE:KMI Enterprise Products Partners L.P.NYSE:EPD Suncor Energy Inc.NYSE:SU Tenaris S.A.NYSE:TS

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