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ENB

ENBRIDGE INC
NYSEPipe Lines (No Natural Gas)Latest fiscal year ended Dec 31, 2025

ENBRIDGE INC reported revenue of CAD 65.19B in its most recent fiscal year, up 21.9% on the year before. It kept 11.5% of that as net income, and generated CAD 3.30B of free cash flow. Figures below are compared against other companies classified under Pipe Lines (No Natural Gas).

Grades vs. industry

Growth
C+53/100
Ranked against 5 peers using 5 metrics.
Profitability
C+50/100
Ranked against 7 peers using 4 metrics.
Financial health
F16/100
Ranked against 6 peers using 4 metrics.

Growth

MetricCompanyIndustry medianRank
Revenue growth (YoY)
Latest fiscal year revenue vs. the year before.
21.9%-3.9%1 / 8
Revenue growth (3y)
Annualized revenue growth over three fiscal years.
6.9%-8.3%1 / 7
Revenue growth (5y)
Annualized revenue growth over five fiscal years.
10.8%12.5%6 / 7
EPS growth (YoY)
Diluted EPS vs. the prior fiscal year.
37.6%——
EPS growth (3y)
Annualized diluted EPS growth over three fiscal years.
36.0%——
EPS growth (5y)
Annualized diluted EPS growth over five fiscal years.
16.8%——
Free cash flow growth (YoY)
Operating cash flow less capital expenditure, vs. prior year.
-44.0%-1.9%5 / 6
Free cash flow growth (3y)
Annualized free cash flow growth over three fiscal years.
-20.6%-0.9%4 / 5

top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.

“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.

Profitability

MetricCompanyIndustry medianRank
Gross margin
Gross profit as a share of revenue. Often unreported.
Not reported——
Operating margin
Operating income as a share of revenue.
16.8%15.8%3 / 7
Net margin
Net income as a share of revenue.
11.5%7.4%4 / 8
Free cash flow margin
Free cash flow as a share of revenue.
5.1%5.1%4 / 7
Return on equity
Net income divided by shareholder equity.
12.0%——
Return on assets
Net income divided by total assets.
3.4%3.7%6 / 8
Return on invested capital
After-tax operating profit over debt plus equity less cash.
5.2%——

top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.

“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.

Financial health

MetricCompanyIndustry medianRank
Debt to equity
Total debt divided by shareholder equity.
1.69x——
Current ratio
Current assets over current liabilities.
0.63x1.05x8 / 8
Quick ratio
Current assets excluding inventory, over current liabilities.
0.55x0.92x8 / 8
Interest coverage
Operating income divided by interest expense.
2.18x2.82x5 / 6
Net debt to EBITDA
Net debt over derived EBITDA. EBITDA is not a GAAP tag; it is computed.
6.28x5.28x5 / 6

top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.

“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.

Debt figures can be understated where a filer splits borrowings across XBRL tags this site does not match.

Dividend coverage

Measures how much of earnings and free cash flow the dividend consumes, against industry peers. A low grade means the dividend is less covered than peers' — not that a cut is expected. Long-established payers often score low here by design.

MetricCompanyIndustry medianRank
Dividend payout ratio
Dividends paid as a share of net income.
109.7%——
Dividend / free cash flow
Dividends paid as a share of free cash flow. The stricter test.
249.3%——
Dividend growth (5y)
Annualized growth in dividends per share over five years.
3.1%——

top third of peersmiddle thirdbottom third. Rank 1 is always best — for debt and payout ratios that means the lowest figure, not the highest.

“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Rankings are hidden where fewer than 5 classified peers reported the metric, and compare against a broad industry code rather than close competitors.

Dividend record

What the dividend has actually done, not a prediction of what it will do. Changes are checked against total dollars paid so that stock splits are not mistaken for cuts.

Years paying
16
since 2012 in this data
Consecutive increases
15 years
through 2025
Reductions
None
in the years covered
Latest per share
CAD 3.77
fiscal 2025

Dividend history is limited to what companies have filed in machine-readable form, which generally begins around 2009. A company may have paid or raised its dividend for far longer than shown here.

Annual financials

Fiscal year2025202420232022202120202019201820172016
RevenueCAD 65.19BCAD 53.47BCAD 43.65BCAD 53.31BCAD 47.07BCAD 39.09BCAD 50.07BCAD 46.38BCAD 44.38BCAD 34.56B
Operating incomeCAD 10.96BCAD 9.65BCAD 8.65BCAD 5.18BCAD 7.80BCAD 7.96BCAD 8.26BCAD 4.82BCAD 1.57BCAD 2.58B
Net incomeCAD 7.49BCAD 5.44BCAD 6.19BCAD 3.00BCAD 6.19BCAD 3.36BCAD 5.71BCAD 2.88BCAD 2.86BCAD 2.07B
EPS (diluted)CAD 3.22CAD 2.34CAD 2.84CAD 1.28CAD 2.87CAD 1.48CAD 2.63CAD 1.46CAD 1.65n/c
Operating cash flowCAD 12.27BCAD 12.60BCAD 14.20BCAD 11.23BCAD 9.26BCAD 9.78BCAD 9.40BCAD 10.50BCAD 6.66BCAD 5.21B
Capital expenditureCAD 8.97BCAD 6.71BCAD 4.65BCAD 4.65BCAD 7.82BCAD 5.41BCAD 5.49BCAD 6.81BCAD 8.29BCAD 5.13B
Free cash flowCAD 3.30BCAD 5.89BCAD 9.55BCAD 6.58BCAD 1.44BCAD 4.38BCAD 3.91BCAD 3.70B-CAD 1.63BCAD 77.00M
Total assetsCAD 218.47BCAD 218.97BCAD 180.32BCAD 179.61BCAD 168.86BCAD 160.28BCAD 163.16BCAD 166.91BCAD 162.09BCAD 85.21B
Shareholder equityCAD 62.33BCAD 65.90BCAD 61.45BCAD 59.89BCAD 60.83BCAD 61.37BCAD 66.04BCAD 69.47BCAD 58.13BCAD 21.39B
Total debtCAD 105.44BCAD 102.35BCAD 521.00MCAD 80.74BCAD 75.32BCAD 66.48BCAD 64.48BCAD 63.99BCAD 64.37BCAD 36.84B
CashCAD 1.09BCAD 1.80BCAD 5.90BCAD 861.00MCAD 286.00MCAD 452.00MCAD 648.00MCAD 518.00MCAD 480.00MCAD 1.49B
Dividends per shareCAD 3.77CAD 3.66CAD 3.55CAD 3.44CAD 3.34CAD 3.24CAD 2.95CAD 2.68CAD 2.41n/c

A dash means the figure was not tagged in that year’s filing. It does not mean zero. Figures reflect the most recent filing covering each period, so restated years show their restated values.

Amounts are in CAD, as the company reports them. Nothing here is converted to dollars, so these figures cannot be compared directly against a company reporting in another currency. Margins, returns and other ratios are unaffected.

n/c marks per-share figures that are not comparable. Companies report each year as their filings stated it, and an annual report restates only its two prior years — so after a stock split, older years remain on the pre-split share count. Totals above are unaffected.

Source

Figures come from ENBRIDGE INC’s filings with the SEC, as submitted in XBRL. The most recent annual figures are from a 10-K filed Feb 13, 2026. View filings on EDGAR.

Not financial advice. This page presents figures reported to the SEC and compares them with other companies sharing an industry classification. It is not a recommendation to buy or sell anything, and the grades cannot capture everything that matters about a business. Industry classifications are coarse, filings are self-reported, and some figures are missing or understated where companies tag them in ways this site does not match. Do your own research.