How Enbridge (ENB) Makes Money: A Visual Guide
Enbridge (ENB) generated 77.97B CAD in revenue, earning 7.57B CAD in net profit (9.7% margin). Its largest revenue source is Commodity Sales (56.2% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
In TTM through Q1 2026, Enbridge (ENB) generated revenue across 5 reportable product segments; the largest contributor was Commodity Sales at 56.2%, followed by Transportation Revenue (25.4%) and Gas Distribution Revenue (14.8%). Geographically, UNITED STATES accounted for 64.6% of revenue, followed by CANADA (35.4%).
Enbridge (ENB) Income Statement Flow — TTM through Q1 2026
Calculated from the four most recent reported quarters, ending .
Enbridge (ENB) Revenue by Product Segment — TTM through Q1 2026
Revenue contribution by product segment for Enbridge (ENB) in TTM through Q1 2026.
Commodity Sales
- Revenue
- 43.82B CAD
- % of total
- 56.2%
Transportation Revenue
- Revenue
- 19.77B CAD
- % of total
- 25.4%
Gas Distribution Revenue
- Revenue
- 11.58B CAD
- % of total
- 14.8%
Storage and Other Revenue
- Revenue
- 1.75B CAD
- % of total
- 2.2%
Other Revenue
- Revenue
- 1.05B CAD
- % of total
- 1.3%
Total
- Revenue
- 77.97B CAD
- % of total
- 100%
| Segment | Revenue | % of total |
|---|---|---|
| Commodity Sales | 43.82B CAD | 56.2% |
| Transportation Revenue | 19.77B CAD | 25.4% |
| Gas Distribution Revenue | 11.58B CAD | 14.8% |
| Storage and Other Revenue | 1.75B CAD | 2.2% |
| Other Revenue | 1.05B CAD | 1.3% |
| Total | 77.97B CAD | 100% |
Enbridge (ENB) Revenue by Geography — FY 2025 (period end December 31, 2025)
Quarterly geographic data is unavailable for this period, so the table reflects the company's last annual disclosure (FY 2025 (period end December 31, 2025)). The income statement above uses TTM through Q1 2026, so regional dollars and percentages will not match line-for-line.
Revenue contribution by geographic region for Enbridge (ENB), FY 2025 (period end December 31, 2025).
UNITED STATES
- Revenue
- 42.12B CAD
- % of total
- 64.6%
CANADA
- Revenue
- 23.08B CAD
- % of total
- 35.4%
Total
- Revenue
- 65.19B CAD
- % of total
- 100%
| Region | Revenue | % of total |
|---|---|---|
| UNITED STATES | 42.12B CAD | 64.6% |
| CANADA | 23.08B CAD | 35.4% |
| Total | 65.19B CAD | 100% |
Frequently asked questions
How does Enbridge (ENB) make money?
Enbridge (ENB) primarily makes money through Commodity Sales, which accounts for 56.2% of total revenue. For TTM through Q1 2026, Enbridge generated 77.97B CAD in total revenue with a net profit margin of 9.7%.
What is Enbridge (ENB) gross profit margin?
Enbridge (ENB) reported a gross profit margin of 30.8% for TTM through Q1 2026, equivalent to 23.98B CAD in gross profit. This means Enbridge retains 30.8% of each revenue unit after direct costs of production.
What is Enbridge (ENB) operating profit margin?
Enbridge (ENB) reported an operating profit margin of 15.8% for TTM through Q1 2026, equivalent to 12.36B CAD in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Enbridge (ENB) net profit margin?
Enbridge (ENB) reported a net profit margin of 9.7% for TTM through Q1 2026, equivalent to 7.57B CAD in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
What is Enbridge (ENB) effective tax rate?
Enbridge (ENB) had an effective tax rate of 21.4% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.
What are Enbridge (ENB) main revenue segments?
Enbridge (ENB) reports revenue across 5 reportable product segments, led by Commodity Sales at 56.2% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.
Where does Enbridge (ENB) generate most of its revenue?
Geographically, 64.6% of Enbridge (ENB) revenue came from UNITED STATES in the most recent annual filing. The full regional split is shown in the revenue-by-geography table on this page.
Data & methodology
What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
Where do segment and geographic numbers come from?
Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?
Based on company filings through TTM through Q1 2026.
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