South Bow Corp revenue

South Bow Corp's revenue was $1.99bn in fiscal 2025, down 6.3% on the year before.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

South Bow Corp: revenue history, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	2,005	2,120	1,986
Growth on the year before	—	+5.7%	−6.3%
Gross profit	1,654	1,744	1,673
Gross margin	82.5%	82.3%	84.2%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Oil & Gas Storage & Transportation: the closest covered companies by revenue. Last twelve months.

Company	Revenue	Growth	3-year growth a year
South Bow Corp	$1.99bn	-6.3%	—
Frontline plc	$1.97bn	-8.8%	—
Genesis Energy LP	$1.83bn	16.6%	-15.4%
Cmb.tech NV	$1.67bn	77.2%	—
Hess Midstream LP	$1.61bn	2.8%	8.1%
Excelerate Energy, Inc.	$1.47bn	49.0%	-8.2%

Compare with peers

Head to head: FRO vs SOBO GEL vs SOBO CMBT vs SOBO

More: Oil & Gas Storage & Transportation stocks compared, Energy sector, rankings of US companies

Figures from South Bow Corp's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to South Bow Corp.