SOBO NYSE
South Bow Corporation
1W: +4.3%
1M: +6.5%
3M: -4.0%
YTD: +27.9%
1Y: +35.5%
$35.48
-0.21 (-0.59%)
After Hours: $34.70 (-0.77, -2.18%)
Weekly Expected Move ±2.9%
$33
$34
$35
$36
$37
Credit Risk of going bust: lower than 72% of companies Debt: 43.5% of company value Bonds: none of note held by US funds details ▾
If the stock fell to about $1.19 (down 97%), South Bow Corporation would be worth roughly what it owes.
Total debt $5.73B against a stock market value of $7.44B.
Distance to default 7.96 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.87B (short-term plus half of long-term), stock volatility 22.3%; Altman Z'' 1.27. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Total debt $5.73B against a stock market value of $7.44B.
Distance to default 7.96 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.87B (short-term plus half of long-term), stock volatility 22.3%; Altman Z'' 1.27. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
Overview
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Smart Money
Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Analysis
Technicals
Weather
Peers
ESG
Institutions
ETF Exposure
Dark Pool
Short Interest
Income Trends
Revenue
$1.6B
-24.0% ▼
Gross Profit
$309M
-79.4% ▼
Operating Income
$317M
-57.4% ▼
Net Income
$441M
+39.4% ▲
EPS (Diluted)
$2.11
+38.8% ▲
EBITDA
$569M
-45.9% ▼
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $2.0B | $2.1B | $1.6B |
| YoY Growth | +0.0% | +5.7% | -24.0% |
| Cost of Revenue | $351M | $622M | $1.3B |
| Gross Profit | $1.7B | $1.5B | $309M |
| Gross Margin | 82.5% | 70.7% | 19.2% |
| R&D Expenses | $0 | $0 | $0 |
| SG&A Expenses | $0 | $0 | $0 |
| Operating Expenses | $954M | $753M | -$8M |
| Operating Income | $700M | $745M | $317M |
| Operating Margin | 34.9% | 35.1% | 19.7% |
| Interest Expense | $220M | $388M | $337M |
| Income Before Tax | $562M | $418M | $506M |
| Tax Expense | $120M | $102M | $65M |
| Net Income | $442M | $316M | $441M |
| Net Margin | 22.0% | 14.9% | 27.4% |
| EPS (Diluted) | $2.13 | $1.52 | $2.11 |
| EBITDA | $1.0B | $1.1B | $569M |
| Shares Outstanding | 208M | 208M | 209M |