Financials in USD. Standardized financial statements.
A compact view of how South Bow Corporation turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Revenue? | $1.61B | $2.12B | $2.66B |
| Revenue Growth? | -24.0% | -20.2% | 0.0% |
| Cost of Revenue? | $1.30B | $622.00M | $465.25M |
| Gross Profit? | $309.32M | $1.50B | $2.19B |
| Gross Margin? | +19.2% | +70.7% | +82.5% |
| Operating Expenses? | -$8.14M | $753.00M | $1.26B |
| Operating Income? | $317.46M | $745.00M | $927.84M |
| EBITDA? | $568.79M | $1.05B | $1.36B |
| Income Before Tax | $505.70M | $418.00M | $744.93M |
| Income Tax Expense | $65.12M | $102.00M | $159.06M |
| Net Income? | $440.58M | $316.00M | $585.87M |
| EPS? | $2.12 | $1.52 | $2.82 |
| Diluted EPS? | $2.11 | $1.52 | $2.82 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality