Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

South Bow Corporation (SOBO) had Return on Tangible Equity of 15.98% for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$1.99B
Net Income	$433.00M
Cost of Goods Sold	$1.03B
Gross Profit	$954.00M
Operating Expenses	$1.22B
Operating Income	$767.00M
Non-Operating Income/Expense	$-270.00M
Pre-Tax Income	$497.00M
Normalized Pre-Tax Income	$497.00M
Income after Taxes	$433.00M
Income from Continuous Operations	$433.00M
Consolidated Net Income/Loss	$433.00M
Normalized Income after Taxes	$433.00M
EBIT	$819.00M
EBITDA	$1.07B
Weighted-Average Shares Outstanding (Basic)	208.20M
Weighted-Average Shares Outstanding (Diluted)	208.80M
Earnings per Share (EPS) (Basic)	$2.08
Earnings per Share (EPS) (Diluted)	$2.07
Balance Sheet Financials
Current Assets	$2.02B
Property, Plant, and Equipment	$8.21B
Long-Term Assets	$9.18B
Total Assets	$11.19B
Current Liabilities	$1.34B
Long-Term Debt	$5.77B
Long-Term Liabilities	$7.14B
Total Liabilities	$8.48B
Common Equity	$2.71B
Tangible Shareholders Equity	$2.71B
Shareholders Equity	$2.71B
Common Shares Outstanding	208.00M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$717.00M
Cash Flow from Investing Activities	$-175.00M
Cash Flow from Financial Activities	$-411.00M
Beginning Cash	$397.00M
End Cash	$549.00M
Increase/Decrease in Cash	$152.00M
Stock-Based Compensation	--
Common Stock Dividends Paid	$-416.00M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	1.50
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.68
Debt to Equity Ratio	2.13
Gross Margin	48.04%
Operating Margin	38.62%
EBIT Margin	41.24%
EBITDA Margin	53.68%
Pre-Tax Profit Margin	25.03%
Profit Margin	21.80%
Free Cash Flow	$539.00M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.18
Inventory Turnover	10.32
Receiveable Turnover	1.79
Days Sales in Receivables	203.45
Return on Equity	15.98%
Return on Tangible Equity	15.98%
Return on Assets	3.87%
Return on Investments	5.11%
Book Value Per Share	$13.02
Free Cash Flow per Share	$2.58
Operating Cash Flow per Share	$3.43

Data from Zacks Investment Research, Inc.