MPLX vs SOBO
Mplx LP and South Bow Corp., side by side — 3 fiscal years reported in USD, drawn from SEC filings.
At a glance
Most recent reported year
| Metric | MPLX | SOBO |
|---|---|---|
| Revenue | $9.7B | $2.0B |
| Net income | $5.0B | $433.0M |
| Gross margin | — | 84.2% |
| Net margin | 50.9% | 21.8% |
| Return on equity | — | — |
| Diluted EPS | — | $2.07 |
| Dividend / share | — | — |
| Payout ratio | — | 96.1% |
| Free cash flow | $4.1B | — |
| Equity | — | — |
| Net debt / equity | — | — |
| Current ratio | 1.23× | 1.50× |
| Revenue CAGR 5y | 5.1% | — |
| Profit CAGR 5y | — | — |
MPLX bills 4.9× the revenue of SOBO, and keeps more of each dollar of revenue as profit (50.9% against 21.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner.
Revenue by year
3 years side by side
| Fiscal year | MPLX | SOBO |
|---|---|---|
| FY2025 | $9.7B | $2.0B |
| FY2024 | $9.2B | $2.1B |
| FY2023 | $8.7B | $2.0B |
Net income by year
Bottom line
| Fiscal year | MPLX | SOBO |
|---|---|---|
| FY2025 | $5.0B | $433.0M |
| FY2024 | $4.4B | $316.0M |
| FY2023 | $4.0B | $442.0M |