To the full analysis
Enbridge stock: growth
ENBEnbridge reported $45.75B in revenue for fiscal 2025, up 21.9% on the prior year, up 10.8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
10%
per year from 2006 to 2025, per share 3.5%
Earnings (Annual rate)
14%
per year from 2006 to 2025, per share 6.9%
Free cash flow (Annual rate)
19.1%
per year from 2006 to 2025, per share 12%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 10.8% | 6.8% | 10.0% |
| Revenue per share | 9.1% | −2.8% | 3.5% |
| Earnings | 17.4% | 40.4% | 14.0% |
| Earnings per share | 17.0% | no data | 6.9% |
| Free cash flow | −5.7% | no data | 19.1% |
| Free cash flow per share | −7.1% | no data | 12.0% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $7.47B | $436.74M | $78.88M |
| 2007 | $8.37B | $496.26M | −$646.02M |
| 2008 | $11.32B | $931.8M | −$1.58B |
| 2009 | $8.75B | $1.1B | −$914.47M |
| 2010 | $10.62B | $667.43M | −$390.21M |
| 2011 | $18.8B | $571.28M | $15.44M |
| 2012 | $17.31B | $496.19M | −$1.93B |
| 2013 | $23.1B | $441.44M | −$3.58B |
| 2014 | $26.42B | $986.05M | −$5.74B |
| 2015 | $23.72B | $176.16M | −$1.97B |
| 2016 | $24.25B | $1.45B | −$30.88M |
| 2017 | $31.15B | $2.01B | −$1.6B |
| 2018 | $32.55B | $2.02B | $2.21B |
| 2019 | $35.14B | $4B | $2.6B |
| 2020 | $27.43B | $2.36B | $2.92B |
| 2021 | $33.04B | $4.34B | $816.21M |
| 2022 | $37.41B | $2.11B | $4.5B |
| 2023 | $30.63B | $4.34B | $6.54B |
| 2024 | $37.53B | $3.82B | $3.98B |
| 2025 | $45.75B | $5.26B | $2.18B |
Revenue by segment
How Enbridge Inc. makes its money and how that has shifted. Names are as the company reports them.
- Commodity Sales$24.6B54%
- Transportation Revenue$12.5B27%
- Gas Distribution Revenue$6.9B15%
- Storage and Other Revenue$1.1B2%
- Other$765.7M2%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies. The company split earlier years differently. A history would not be comparable, so only 2025 is shown.
Figures as a table
| 2025 | Share 2025 | |
|---|---|---|
| Commodity Sales | $24.57B | 53.7% |
| Transportation Revenue | $12.48B | 27.3% |
| Gas Distribution Revenue | $6.86B | 15% |
| Storage and Other Revenue | $1.08B | 2.4% |
| Other | $765.68M | 1.7% |
| Total revenue | $45.75B | 100% |
Revenue by region
Where Enbridge Inc. generates its revenue.
- United States65%
- Canada35%
Figures as a table
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| United States | $18.46B | $19.2B | $21.14B | $15.88B | $18.67B | $18.11B | $13.94B | $22.09B | $29.56B | 64.6% |
| Canada | $12.69B | $13.35B | $14B | $11.55B | $14.37B | $19.3B | $16.69B | $15.44B | $16.2B | 35.4% |
| Total revenue | $31.15B | $32.55B | $35.14B | $27.43B | $33.04B | $37.41B | $30.63B | $37.53B | $45.75B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CA$1.4249)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 10 Nov 2026, previously Weak
- Valuation signal Fairly valued since 7 Nov 2026, previously Overvalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.