InsiderClue
Stocks · Energy · Pipe Lines (No Natural Gas)

ENBRIDGE INC

ENB Clue Score55
Alberta, Canada Fiscal year ends December CIK 0000895728
$46.60 +0.13% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $46.60 +12.72% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue34.56Operating income2.58Net income2.07EPS, diluted1.93Fiscal year 2017Revenue44.38 +28.4%Operating income1.57Net income2.86 +38.2%EPS, diluted1.65Fiscal year 2018Revenue20.80 −53.1%Operating income4.82Net income2.88 +0.8%EPS, diluted1.46Fiscal year 2019Revenue19.70 −5.3%Operating income8.26Net income5.71 +98.0%EPS, diluted2.63Fiscal year 2020Revenue18.82 −4.5%Operating income7.96Net income3.36 −41.1%EPS, diluted1.48Fiscal year 2021Revenue19.43 +3.3%Operating income7.81Net income6.19 +84.0%EPS, diluted2.87Fiscal year 2022Revenue23.92 +23.1%Operating income5.18Net income3.00 −51.5%EPS, diluted1.28Fiscal year 2023Revenue24.10 +0.8%Operating income8.65Net income6.19 +106.2%EPS, diluted2.84Fiscal year 2024Revenue25.89 +7.4%Operating income9.65Net income5.44 −12.1%EPS, diluted2.34Fiscal year 2025Revenue29.33 +13.3%Operating income10.96Net income7.49 +37.7%EPS, diluted3.22
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 34.56 44.38 20.80 19.70 18.82 19.43 23.92 24.10 25.89 29.33
Growth +28.4% −53.1% −5.3% −4.5% +3.3% +23.1% +0.8% +7.4% +13.3%
Operating income 2.58 1.57 4.82 8.26 7.96 7.81 5.18 8.65 9.65 10.96
Net income 2.07 2.86 2.88 5.71 3.36 6.19 3.00 6.19 5.44 7.49
Growth +38.2% +0.8% +98.0% −41.1% +84.0% −51.5% +106.2% −12.1% +37.7%
EPS, diluted 1.93 1.65 1.46 2.63 1.48 2.87 1.28 2.84 2.34 3.22

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin7.5%Net margin6.0%Free cash flow margin0.2%Fiscal year 2017Operating margin3.5%Net margin6.4%Free cash flow margin−3.7%Fiscal year 2018Operating margin23.2%Net margin13.9%Free cash flow margin17.8%Fiscal year 2019Operating margin41.9%Net margin29.0%Free cash flow margin19.8%Fiscal year 2020Operating margin42.3%Net margin17.9%Free cash flow margin23.3%Fiscal year 2021Operating margin40.2%Net margin31.8%Free cash flow margin7.4%Fiscal year 2022Operating margin21.7%Net margin12.6%Free cash flow margin27.5%Fiscal year 2023Operating margin35.9%Net margin25.7%Free cash flow margin39.6%Fiscal year 2024Operating margin37.3%Net margin21.0%Free cash flow margin22.7%Fiscal year 2025Operating margin37.4%Net margin25.5%Free cash flow margin11.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 7.5% 3.5% 23.2% 41.9% 42.3% 40.2% 21.7% 35.9% 37.3% 37.4%
Net margin 6.0% 6.4% 13.9% 29.0% 17.9% 31.8% 12.6% 25.7% 21.0% 25.5%
Free cash flow margin 0.2% −3.7% 17.8% 19.8% 23.3% 7.4% 27.5% 39.6% 22.7% 11.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow5.21Capital expenditure−5.13Free cash flow0.08Dividends paid−1.15Fiscal year 2017Operating cash flow6.66Capital expenditure−8.29Free cash flow−1.63 −2,215.6%Dividends paid−2.75Fiscal year 2018Operating cash flow10.50Capital expenditure−6.81Free cash flow3.70Dividends paid−3.48Fiscal year 2019Operating cash flow9.40Capital expenditure−5.49Free cash flow3.91 +5.7%Dividends paid−5.97Fiscal year 2020Operating cash flow9.78Capital expenditure−5.41Free cash flow4.38 +12.0%Buybacks0.00Dividends paid−6.56Fiscal year 2021Operating cash flow9.26Capital expenditure−7.82Free cash flow1.44 −67.1%Buybacks0.00Dividends paid−6.77Fiscal year 2022Operating cash flow11.23Capital expenditure−4.65Free cash flow6.58 +357.8%Buybacks−0.15Dividends paid−6.97Fiscal year 2023Operating cash flow14.20Capital expenditure−4.65Free cash flow9.55 +45.0%Buybacks−0.13Dividends paid−7.28Fiscal year 2024Operating cash flow12.60Capital expenditure−6.71Free cash flow5.89 −38.3%Buybacks0.00Dividends paid−7.88Fiscal year 2025Operating cash flow12.27Capital expenditure−8.97Free cash flow3.30 −44.0%Buybacks0.00Dividends paid−8.22
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 5.21 6.66 10.50 9.40 9.78 9.26 11.23 14.20 12.60 12.27
Capital expenditure −5.13 −8.29 −6.81 −5.49 −5.41 −7.82 −4.65 −4.65 −6.71 −8.97
Free cash flow 0.08 −1.63 3.70 3.91 4.38 1.44 6.58 9.55 5.89 3.30
Growth −2,215.6% +5.7% +12.0% −67.1% +357.8% +45.0% −38.3% −44.0%
Buybacks n/a n/a n/a n/a 0.00 0.00 −0.15 −0.13 0.00 0.00
Dividends paid −1.15 −2.75 −3.48 −5.97 −6.56 −6.77 −6.97 −7.28 −7.88 −8.22

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1.49Shareholders’ equity21.39Fiscal year 2017Cash0.48Total debt62.93Net cash (debt)−62.45Shareholders’ equity58.14Debt to equity1.08Fiscal year 2018Cash0.52Total debt62.97Net cash (debt)−62.45Shareholders’ equity69.47Debt to equity0.91Fiscal year 2019Cash0.65Total debt63.59Net cash (debt)−62.94Shareholders’ equity66.04Debt to equity0.96Fiscal year 2020Cash0.45Total debt65.36Net cash (debt)−64.91Shareholders’ equity61.37Debt to equity1.07Fiscal year 2021Cash0.29Total debt73.81Net cash (debt)−73.52Shareholders’ equity60.83Debt to equity1.21Fiscal year 2022Cash0.86Total debt78.74Net cash (debt)−77.88Shareholders’ equity59.89Debt to equity1.31Fiscal year 2023Cash5.90Total debt0.52Net cash (debt)5.38Shareholders’ equity61.45Debt to equity0.01Fiscal year 2024Cash1.80Total debt101.82Net cash (debt)−100.02Shareholders’ equity65.90Debt to equity1.55Fiscal year 2025Cash1.09Total debt104.41Net cash (debt)−103.32Shareholders’ equity62.33Debt to equity1.68
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1.49 0.48 0.52 0.65 0.45 0.29 0.86 5.90 1.80 1.09
Total debt n/a 62.93 62.97 63.59 65.36 73.81 78.74 0.52 101.82 104.41
Net cash (debt) n/a −62.45 −62.45 −62.94 −64.91 −73.52 −77.88 5.38 −100.02 −103.32
Shareholders’ equity 21.39 58.14 69.47 66.04 61.37 60.83 59.89 61.45 65.90 62.33
Debt to equity n/a 1.08 0.91 0.96 1.07 1.21 1.31 0.01 1.55 1.68

In billions of CAD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
7.5% 3.5% 23.2% 41.9% 42.3% 40.2% 21.7% 35.9% 37.3% 37.4%
7.1% 1.3% 17.2% 38.3% 22.3% 39.8% 19.0% 32.7% 28.2% 33.4%
6.0% 6.4% 13.9% 29.0% 17.9% 31.8% 12.6% 25.7% 21.0% 25.5%
0.2% −3.7% 17.8% 19.8% 23.3% 7.4% 27.5% 39.6% 22.7% 11.2%
Spending
12.6% 14.5% 32.7% 35.5% 35.9% 34.5% 34.4% 35.7% 36.4% 34.0%
14.8% 18.7% 32.7% 27.9% 28.7% 40.2% 19.4% 19.3% 25.9% 30.6%
5.8% −474.0% 6.6% 22.7% 18.5% 18.3% 35.3% 23.1% 22.9% 20.5%
Returns
9.7% 4.9% 4.1% 8.6% 5.5% 10.2% 5.0% 10.1% 8.3% 12.0%
2.4% 1.8% 1.7% 3.5% 2.1% 3.7% 1.7% 3.4% 2.5% 3.4%
Balance and payout
n/a 1.08 0.91 0.96 1.07 1.21 1.31 0.01 1.55 1.68
70.2% 56.9% 56.0% 57.5% 59.8% 62.5% 64.7% 64.2% 68.5% 69.8%
55.6% 96.2% 120.7% 104.7% 195.1% 109.3% 232.0% 117.5% 144.7% 109.7%
1,493.5% n/a 94.2% 152.9% 149.9% 470.5% 108.1% 77.5% 133.7% 249.3%

Shown in CAD as filed; the screener converts to dollars.