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NYSE · PIPE LINES (NO NATURAL GAS) · LARGE CAP

Enbridge Inc. ENB

16 fiscal years on record · CAD · FY2025 reported · SEC filings only
8 YEARS OF DIVIDEND GROWTH
CAD 65.2B
▲ 21.9% YoY
CAD 7.5B
▲ 37.7% YoY
CAD 3.3B
▼ 44.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Growth

CAD 65.2B
Revenue, FY2025 · full 16-year series below
Revenue CAD B Net income CAD B
FY2025 · Revenue 65.2 · Net income 7.5
25.0B50.0B
201020132016201920222025
Compound annual growth
+6.9%
+10.8%
+6.8%
+7.7%
+35.6%
+17.4%
+40.4%
+14.8%
+36.0%
+16.8%
+3.1%
+3.1%
+4.9%
+4.6%
+24.1%
+21.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.8% a year over the five years to FY2025 — but profit grew faster: net income at +17.4%, earnings per share at +16.8%.

The share count rose from 2.03B to 2.18B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 16.8% · Net 11.9%
10%20%
201020172025
ROE
FY2025 · ROE 11.7%
5%10%
201020172025
Three returns, three denominators.

Each CAD of equity produced 12 cents of profit this year.

Cash & shareholders

CAD 8.2B
returned in FY2025 · dividends + net buybacks
Free cash flow CAD B
FY2025 · FCF 3.3
4B8B-3B-6B
201020172025
Net buybacks CAD B Dividends CAD B
FY2025 · Dividends 8.2 · Net buybacks -0.0
3B6B-2B-4BDividendsNet buybacks
201020122014201620182020202220242025
Dividends paidCAD 8.2B
Net buybacksCAD -28.0M
Share of profit109.7%
Consecutive raises8 years (since the 2017 share-count change)

CAD 8.2B in dividends — 110% of the year's profit, so the payout drew on cash built up earlier.

Total assetsCAD 218.5B
EquityCAD 62.3B
CashCAD 1.1B
Gross debtCAD 105.4B
Net debtCAD 104.3B
Current ratio0.63×

Net debt stands at 167% of equity.

The 16-year record

16 fiscal years
Every figure from documents filed with the SEC · CAD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ENB, 16-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue CAD B65.253.543.653.347.139.150.146.444.434.633.837.632.924.726.821.5
Operating income CAD B11.09.68.75.27.88.08.34.81.62.61.93.21.41.62.61.3
EBITDA CAD B16.614.813.39.511.711.711.78.14.74.83.94.82.72.83.72.3
Income tax CAD B2.01.71.81.61.40.81.70.2−2.70.10.20.60.10.20.50.2
Net income CAD B7.55.46.23.06.23.45.72.92.92.10.31.40.60.70.81.0
Free cash flow CAD B3.35.99.56.61.44.43.93.7−1.60.1−2.7−8.0−4.9−2.3−0.2−1.2
EPS, diluted CAD 3.222.342.841.282.871.482.631.461.651.93−0.041.370.550.771.051.26
Dividend / sh CAD 3.773.663.553.443.343.242.952.682.412.121.861.401.261.130.980.85
Payout %110145118232109195105121965637853107846545
ROE %11.78.510.25.010.15.38.44.57.210.31.49.35.38.010.9◌
Shares out B2.182.182.122.022.032.032.022.021.700.940.870.850.830.810.78◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 62 reconciliationsAUDITED

Reconciled in 16 of the 16 fiscal years we could check. Eight checks were skipped: the balance sheet is not tagged before 2011. Three checks were skipped: EPS is not tagged before 2010. Three checks were skipped: revenue is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPipe Lines (No Natural Gas)
Listed onNYSE
Incorporated inoutside the United States — SEC code A0
Fiscal year endsDecember 31
Data on record since2010

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