South BowSOBO 15 Pretax Margin % is 20.37% as of Mar. 2026, which is 19% below its 10-year median of 25.03. 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 81.22% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. South Bow's Pre-Tax Income for the
three
months ended in Mar. 2026 was $100 Mil. South Bow's Revenue for the
three
months ended in Mar. 2026 was $491 Mil. Therefore, South Bow's pretax margin for the quarter that ended in Mar. 2026 was 20.37%.
The historical rank and industry rank for South Bow's Pretax Margin % or its related term are showing as below:
SOBO'
s Pretax Margin % Range Over the Past 10 Years
Min: 19.72 Med: 25.03 Max: 28.03
Current: 24.41
SOBO's Pretax Margin % is ranked better than 81.22% of 916
companies
in the Oil & Gas industry
Industry Median: 5.165
vs SOBO: 24.41
South Bow (NYSE:SOBO) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
South Bow Pretax Margin % Related Terms
South Bow Pretax Margin % Historical Data
* Premium members only.
The historical data trend for South Bow's Pretax 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 Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, South Bow's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where South Bow's Pretax 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 Pretax Margin % of 20.37% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on South Bow and its competitors. This is 19% below median its historical median of 25.03. Over the past decade, South Bow's Pretax Margin % has ranged from 19.72 to 28.03. According to the industry distribution chart, South Bow ranks #172 out of 916 companies in the Oil & Gas industry, placing it in the top 18.8%.
Is South Bow's Pretax Margin % too high?
South Bow's current Pretax Margin % of 20.37% is 19% below median its 10-year median of 25.03. Over the past 10 years, this metric has ranged from a low of 19.72 to a high of 28.03. The Oil & Gas industry median Pretax Margin % is 5.17. South Bow's value of 20.37% is 294.4% above this industry median. Based on the distribution chart, South Bow ranks #172 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 Pretax Margin % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, South Bow ranks #172 out of 916 companies for Pretax Margin %. This places South Bow in the top 19% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.17. South Bow's value of 20.37% is 294.4% above this benchmark. Historically, South Bow's own Pretax Margin % has ranged from 19.72 to 28.03 over the past decade. While the company's 10-year median is 25.03 vs. the industry median of 5.17, 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.17, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. South Bow's current Pretax Margin % of 20.37% is 294.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on South Bow and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Bow's current Pretax Margin % is 20.37%, which is 19% below median its own 10-year median of 25.03. 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 Pretax Margin % of 20.37%. The current Pretax Margin % is 20.37%, which is 19% below median its 10-year median of 25.03 and 294.4% above the Oil & Gas industry median of 5.17. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For South Bow (SOBO), the current Pretax Margin % is 20.37% 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.
15GF Score
Get the complete analysis for SOBO
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SOBO has been successfully added to your 
