GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » South Bow Corp (NYSE:SOBO) » Definitions » Gross Profit

SOBO (South Bow) Gross Profit : $826 Mil (TTM As of Dec. 2024)


View and export this data going back to 2024. Start your Free Trial

What is South Bow Gross Profit?

South Bow's gross profit for the three months ended in Dec. 2024 was $387 Mil. South Bow's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $826 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. South Bow's gross profit for the three months ended in Dec. 2024 was $387 Mil. South Bow's Revenue for the three months ended in Dec. 2024 was $477 Mil. Therefore, South Bow's Gross Margin % for the quarter that ended in Dec. 2024 was 81.22%.

South Bow had a gross margin of 81.22% for the quarter that ended in Dec. 2024 => Durable competitive advantage

During the past 2 years, the highest Gross Margin % of South Bow was 82.49%. The lowest was 81.34%. And the median was 82.38%.

South Bow Gross Profit Historical Data

The historical data trend for South Bow's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

South Bow Gross Profit Chart

South Bow Annual Data
Trend Dec23 Dec24
Gross Profit
1,654.00 1,744.00

South Bow Quarterly Data
Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Gross Profit Get a 7-Day Free Trial 473.98 - - 438.91 387.31

Competitive Comparison of South Bow's Gross Profit

For the Oil & Gas Midstream subindustry, South Bow's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

South Bow's Gross Profit Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, South Bow's Gross Profit distribution charts can be found below:

* The bar in red indicates where South Bow's Gross Profit falls into.


;
;

South Bow Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

South Bow's Gross Profit for the fiscal year that ended in Dec. 2024 is calculated as

Gross Profit (A: Dec. 2024 )=Revenue - Cost of Goods Sold
=2120 - 376
=1,744

South Bow's Gross Profit for the quarter that ended in Dec. 2024 is calculated as

Gross Profit (Q: Dec. 2024 )=Revenue - Cost of Goods Sold
=476.87 - 89.562
=387

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $826 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

South Bow's Gross Margin % for the quarter that ended in Dec. 2024 is calculated as

Gross Margin % (Q: Dec. 2024 )=Gross Profit (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=387 / 476.87
=81.22 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

South Bow  (NYSE:SOBO) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

South Bow had a gross margin of 81.22% for the quarter that ended in Dec. 2024 => Durable competitive advantage

South Bow Gross Profit Related Terms

Thank you for viewing the detailed overview of South Bow's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.

South Bow Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » South Bow Corp (NYSE:SOBO) » Definitions » Gross Profit
Comparable Companies
TSX:KEY TSX:ALA TSX:GEI TSX:TPZ TSX:TWM TSXV:SRR TSX:PPL TSX:ENB EPD WMB ET KMI OKE MPLX LNG TSX:TRP TRGP CQP VG WES
Traded in Other Exchanges
SOBO:Canada
Address
707, 5 Street SW, Suite 900, Calgary, AB, CAN, T2P 1V8
Website
https://www.southbow.com
South Bow Corp is a energy infrastructure company. The company is engaged in constructing pipelines system safely transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts. It has three reportable segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. It derives maximum revenue from Keystone Pipeline System segment.