TTM
15.8%
YoY change
−1.24pp
Trough year (2017)
3.5%
Peak year (1990)
38.7%
Latest annual
16.8%
Operating Margin history chart for Enbridge (ENB) from 1988 to 2025
Latest: 16.8%
Operating Margin change chart for Enbridge (ENB) from 1988 to 2025
Latest: −1.24pp
Operating Margin history table for Enbridge (ENB) from 1988 to 2025
| 2025 | 16.8% | -1.24pp | ||
| 2024 | 18.0% | -1.77pp | ||
| 2023 | 19.8% | +10.11pp | ||
| 2022 | 9.7% | -6.87pp | ||
| 2021 | 16.6% | -3.78pp | ||
| 2020 | 20.4% | +3.86pp | ||
| 2019 | 16.5% | +6.11pp | ||
| 2018 | 10.4% | +6.84pp | ||
| 2017 | 3.5% | -3.93pp | ||
| 2016 | 7.5% | +1.96pp | ||
| 2015 | 5.5% | -2.99pp | ||
| 2014 | 8.5% | +4.35pp | ||
| 2013 | 4.1% | -1.98pp | ||
| 2012 | 6.1% | -0.93pp | ||
| 2011 | 7.1% | -2.90pp | ||
| 2010 | 10.0% | -1.51pp | ||
| 2009 | 11.5% | +2.98pp | ||
| 2008 | 8.5% | -1.16pp | ||
| 2007 | 9.6% | -1.15pp | ||
| 2006 | 10.8% | -2.13pp | ||
| 2005 | 12.9% | -3.65pp | ||
| 2004 | 16.6% | +1.01pp | ||
| 2003 | 15.6% | +2.17pp | ||
| 2002 | 13.4% | -4.90pp | ||
| 2001 | 18.3% | -5.49pp | ||
| 2000 | 23.8% | +2.23pp | ||
| 1999 | 21.5% | +0.51pp | ||
| 1998 | 21.0% | -1.62pp | ||
| 1997 | 22.7% | -0.95pp | ||
| 1996 | 23.6% | +3.70pp | ||
| 1995 | 19.9% | +0.16pp | ||
| 1994 | 19.8% | -14.75pp | ||
| 1993 | 34.5% | +0.45pp | ||
| 1992 | 34.1% | -1.59pp | ||
| 1991 | 35.6% | -3.04pp | ||
| 1990 | 38.7% | +3.56pp | ||
| 1989 | 35.1% | +0.20pp | ||
| 1988 | 34.9% | — |
- 202516.8%-1.24pp
- 202418.0%-1.77pp
- 202319.8%+10.11pp
- 20229.7%-6.87pp
- 202116.6%-3.78pp
- 202020.4%+3.86pp
- 201916.5%+6.11pp
- 201810.4%+6.84pp
- 20173.5%-3.93pp
- 20167.5%+1.96pp
- 20155.5%-2.99pp
- 20148.5%+4.35pp
- 20134.1%-1.98pp
- 20126.1%-0.93pp
- 20117.1%-2.90pp
- 201010.0%-1.51pp
- 200911.5%+2.98pp
- 20088.5%-1.16pp
- 20079.6%-1.15pp
- 200610.8%-2.13pp
- 200512.9%-3.65pp
- 200416.6%+1.01pp
- 200315.6%+2.17pp
- 200213.4%-4.90pp
- 200118.3%-5.49pp
- 200023.8%+2.23pp
- 199921.5%+0.51pp
- 199821.0%-1.62pp
- 199722.7%-0.95pp
- 199623.6%+3.70pp
- 199519.9%+0.16pp
- 199419.8%-14.75pp
- 199334.5%+0.45pp
- 199234.1%-1.59pp
- 199135.6%-3.04pp
- 199038.7%+3.56pp
- 198935.1%+0.20pp
- 198834.9%—
Operating Margin values are taken from Enbridge's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in CAD as filed.
About Operating Margin at Enbridge (ENB)
According to Enbridge's latest reported financial statements, the company's latest reported operating margin is 15.8%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Enbridge (ENB) reported operating margin of 16.81% – contracted 1.2 percentage points year-over-year.
Across the available history, operating margin reached its high of 38.69% in 1990 and its low of 3.54% in 2017.
Enbridge Operating Margin by Year
Enbridge Operating Margin 2025: 16.8%
In 2025, Enbridge reported operating margin of 16.81%, contracted 1.2 percentage points from 2024.
Enbridge Operating Margin 2024: 18.0%
Enbridge operating margin in 2024 was 18.04%, contracted 1.8 percentage points from 2023.
Enbridge Operating Margin 2023: 19.8%
2023's operating margin for Enbridge came in at 19.82%, expanded 10.1 percentage points from 2022.
Enbridge Operating Margin 2022: 9.7%
Enbridge posted operating margin of 9.71% in 2022, contracted 6.9 percentage points from 2021.
Enbridge Operating Margin 2021: 16.6%
Enbridge operating margin in 2021 was 16.58%.
See more financial history for Enbridge (ENB).
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