Figures are reported in CAD, not US dollars, and are shown as filed. Nothing here is converted, so comparing them with a dollar figure compares two different currencies.
Valuation, from the filing
| Public float | $98.80B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $45.28 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 13.2× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 1.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
13.2× earnings today, against a median of 14.2× across 9 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $98.80B | 13.2× | |
| 2024-06-30 | $77.50B | 14.2× | |
| 2023-06-30 | $77.50B | 12.5× | |
| 2022-06-30 | $85.60B | 28.5× | |
| 2021-06-30 | $77.70B | 12.6× | |
| 2020-06-30 | $59.20B | 17.6× | |
| 2019-06-30 | $73.10B | 12.8× | |
| 2018-06-30 | $61.10B | 21.2× | |
| 2017-06-30 | $65.42B | 22.9× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Pipe Lines (No Natural Gas) filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Current ratio | 0.63x | 0th | |
| Effective tax rate | 20.5% | 100th | |
| Revenue YoY growth | 21.9% | 100th | |
| Net margin | 11.5% | 80th | |
| Operating margin | 16.8% | 67th | |
| CapEx / revenue | 13.8% | 60th | |
| FCF margin | 5.1% | 40th |
ENBRIDGE INC (ENB) reported revenue of $83.49B and net income of $6.13B for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from ENBRIDGE INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Pipe Lines (No Natural Gas).
Income
| Metric | 2026-06-30 |
|---|---|
| Revenue | CAD 83.49B |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | CAD 11.13B |
| Net income | CAD 6.13B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | CAD 8.00B |
| Income tax expense | CAD 1.67B |
| Diluted EPS | CAD 2.59 |
| Selling, general & administrative | Unavailable |
| General & administrative | CAD 10.12B |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-06-30 |
|---|---|
| Cash & equivalents | CAD 2.01B |
| Total assets | CAD 231.65B |
| Current assets | CAD 17.72B |
| Total liabilities | CAD 162.80B |
| Current liabilities | CAD 24.58B |
| Total equity incl. NCI | CAD 68.11B |
| Temporary (mezzanine) equity | CAD 736.00M |
| Inventory | CAD 1.60B |
| Accounts receivable | CAD 2.97B |
| Goodwill | CAD 36.22B |
| Long-term debt | CAD 103.85B |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-06-30 |
|---|---|
| Operating cash flow | CAD 12.43B |
| Capital expenditures | CAD 10.76B |
| Investing cash flow | -CAD 11.75B |
| Financing cash flow | CAD 54.00M |
| Net change in cash | CAD 790.00M |
| Stock-based compensation | Unavailable |
| Common dividends paid | CAD 8.35B |
| Common share repurchases | Unavailable |
| Depreciation & amortization | CAD 5.72B |
Derived
| Metric | 2026-06-30 |
|---|---|
| Free cash flow | CAD 1.67B |
| Gross margin | Unavailable |
| Operating margin | 13.3% |
| FCF margin | 2.0% |
| SBC / revenue | Unavailable |
| Current ratio | 0.72x |
| Revenue YoY growth | 29.5% |
| Net margin | 7.3% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 12.9% |
| Long-term debt / equity | 1.52x |
| Effective tax rate | 20.9% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open ENB in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.