South BowSOBO +2.12%15 Net Margin % is 15.68% as of Mar. 2026, which is 28% below its 10-year median of 21.80. GuruFocus rates SOBO with a GF Score™ of 15/100. The stock has 12 warning signs investors should review. Among 916 Oil & Gas companies, South Bow ranks better than 83.19% on this metric.
Net margin is calculated as Net Income divided by its Revenue. South Bow's Net Income for the
three
months ended in Mar. 2026 was $77 Mil. South Bow's Revenue for the
three
months ended in Mar. 2026 was $491 Mil. Therefore, South Bow's net margin for the quarter that ended in Mar. 2026 was 15.68%.
The historical rank and industry rank for South Bow's Net Margin % or its related term are showing as below:
SOBO'
s Net Margin % Range Over the Past 10 Years
Min: 14.91 Med: 21.8 Max: 22.04
Current: 21.34
SOBO's Net Margin % is ranked better than 83.19% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs SOBO: 21.34
South Bow (NYSE:SOBO) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
South Bow Net Margin % Related Terms
South Bow Net Margin % Historical Data
* Premium members only.
The historical data trend for South Bow's Net Margin % 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.
For the Oil & Gas Midstream subindustry, South Bow's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, South Bow's Net Margin % distribution charts can be found below:
* The bar in red indicates where South Bow's Net Margin % falls into.
* 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.
South Bow (SOBO) has a Net Margin % of 15.68% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on South Bow and its competitors. This is 28% below median its historical median of 21.80. Over the past decade, South Bow's Net Margin % has ranged from 14.91 to 22.04. According to the industry distribution chart, South Bow ranks #154 out of 916 companies in the Oil & Gas industry, placing it in the top 16.8%.
Is South Bow's Net Margin % too high?
South Bow's current Net Margin % of 15.68% is 28% below median its 10-year median of 21.80. Over the past 10 years, this metric has ranged from a low of 14.91 to a high of 22.04. The Oil & Gas industry median Net Margin % is 3.44. South Bow's value of 15.68% is 356.5% above this industry median. Based on the distribution chart, South Bow ranks #154 out of 916 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, South Bow has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does South Bow's Net Margin % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, South Bow ranks #154 out of 916 companies for Net Margin %. This places South Bow in the top 17% of its industry — outperforming the majority of peers. The industry median Net Margin % is 3.44. South Bow's value of 15.68% is 356.5% above this benchmark. Historically, South Bow's own Net Margin % has ranged from 14.91 to 22.04 over the past decade. While the company's 10-year median is 21.80 vs. the industry median of 3.44, South Bow has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. South Bow's current Net Margin % of 15.68% is 356.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on South Bow and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Bow's current Net Margin % is 15.68%, which is 28% below median its own 10-year median of 21.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Bow stock overvalued right now?
South Bow (SOBO) has a current Net Margin % of 15.68%. The current Net Margin % is 15.68%, which is 28% below median its 10-year median of 21.80 and 356.5% above the Oil & Gas industry median of 3.44. South Bow's overall GF Score™ is 15/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For South Bow (SOBO), the current Net Margin % is 15.68% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
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. The company's projects and pipelines include: Blackrod connection project; Grand Rapids Pipeline System; Marketlink Pipeline System; Keystone Pipeline System; Port Neches Link; and White Spruce Pipeline System.
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