ENBRIDGE INC (ENB) Stock Analysis

Analysis from 10-Q filed 2025-11-07. Data as of Q1 2026.

Overall Grade: F (Concerning)

Grade F (Concerning). ROIC 4.8%. FCF margin 2.4%. D/E 1.8x. Source: 10-Q filed 2025-11-07.

Metric	Value	Context
ROIC	4.8%	Below expectations
FCF Margin	2.4%	Cash flow pressure
Debt/Equity	1.8x	Elevated debt

ROIC 4.8% — Bottom 50% of sector peers. FCF margin 2.4% — Bottom 50%.

Explore ENBRIDGE INC: Earnings History | Filings | ROIC Analysis

Programmatic access: Available via MCP at mcp.metricduck.com. Tools for ENB: get_company_overview, get_filing_index (lens: debt_stress, management_outlook, risk_trajectory), get_filing_changes, get_metric_history, compare_companies, screen_filing_signals.

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Profitability: ENBRIDGE INC earns 4.8% ROIC, Bottom 50% in Transportation

ROIC TTM 4.8%, sector median 6.7%, Bottom 50%. DuPont: NOPAT margin 12.0% × asset turnover 0.3x. Gross margin 40.7%. Operating margin 15.2%. Source: 10-Q filed 2025-11-07.

Metric	ENB	Rating	Context
Return on Invested Capital (ROIC)	4.8%	Warning	Below sector median of 6.7%
Return on Equity (ROE)	10.0%	Adequate	Moderate equity returns
Gross Margin	40.7%	Good	Strong pricing power
Operating Margin	15.2%	Good	Efficient operations

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Cash Flow: ENBRIDGE INC generates $1.7B FCF at 2.4% margin, positive NaN/8 quarters

FCF TTM $1.7B. FCF margin 2.4%, Bottom 50%. OCF/Net income 1.8x. Positive FCF in NaN/8 trailing quarters. Source: 10-Q filed 2025-11-07.

Metric	ENB	Rating	Context
Free Cash Flow Margin	2.4%	Warning	Thin cash margins
Free Cash Flow (TTM)	$1.7B	Good	Positive cash generation
OCF/Net Income	1.8x	Excellent	High earnings quality
FCF Consistency (8Q)	N/A	Warning	Variable cash flow

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Balance Sheet: ENBRIDGE INC at 1.8x leverage

Debt/Equity 1.8x. Total debt $115.0B, cash & investments $2.0B. Source: 10-Q filed 2025-11-07.

Metric	ENB	Rating	Context
Debt to Equity	1.8x	Warning	Elevated leverage
Net Cash Position	$-113.0B	Warning	Net debt position

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Valuation: ENBRIDGE INC trades at 18.3x earnings

P/E 18.3x. EV/Sales 3.2x. FCF yield 1.4%. Dividend yield 7.4%. Source: 10-Q filed 2025-11-07.

Metric	ENB	Rating	Context
P/E Ratio	18.3x	Adequate	Reasonable valuation
EV/Sales	3.2x	Good	Growth premium priced in
FCF Yield	1.4%	Warning	Lower cash yield
Dividend Yield	7.4%	Good	Meaningful income

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Capital Allocation: ENBRIDGE INC returns 7.4% shareholder yield

Total shareholder yield 7.4% (div 7.4%). Capital returned $8.7B TTM. Source: 10-Q filed 2025-11-07.

Metric	ENB	Rating	Context
Total Shareholder Yield	7.4%	Excellent	Dividend + buyback yield combined
Total Capital Returned (TTM)	$8.7B	Good	Dividends + buybacks returned to shareholders

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Sector Rankings

Metric	Value	Percentile	vs Median
Return on Invested Capital (ROIC)	4.8%	Bottom 50%	0.7x below
Free Cash Flow Margin	2.4%	Bottom 50%	0.5x below
Gross Margin	40.7%	Top 50%	1.7x above
Operating Margin	15.2%	Top 50%	2.1x above
Return on Equity (ROE)	10.0%	Bottom 50%	1.0x below
P/E Ratio	18.3x	N/A	-

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Financial Scorecard

Metric	ENB	Rating	Sector Context
Return on Invested Capital (ROIC)	4.8%	Warning	Bottom 50% of sector (median: 6.7%)
Free Cash Flow Margin	2.4%	Warning	Bottom 50% of sector (median: 4.6%)
Gross Margin	40.7%	Good	Top 50% of sector (median: 23.3%)
Debt to Equity Ratio	177.0%	Warning	High financial leverage
P/E Ratio (Price-to-Earnings)	18.3x	Adequate	Fair value
Free Cash Flow Yield	1.4%	Warning	Growth-focused valuation

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Frequently Asked Questions

Q: What is ENBRIDGE INC's Return on Invested Capital (ROIC)?

ENBRIDGE INC (ENB) has a trailing twelve-month Return on Invested Capital (ROIC) of 4.8%. Sector median 6.7%. Source: 10-Q filed 2025-11-07.

Q: What is ENBRIDGE INC's Free Cash Flow Margin?

ENBRIDGE INC (ENB) has a free cash flow margin of 2.4%, generating $1.7 billion in free cash flow over the trailing twelve months. Source: 10-Q filed 2025-11-07.

Q: What is ENBRIDGE INC's P/E ratio and how does it compare to peers?

ENBRIDGE INC (ENB) trades at a P/E ratio of 18.3x, which is above the sector median of N/A. EV/Sales 3.2x. FCF yield 1.4%. Source: 10-Q filed 2025-11-07.

Q: Does ENBRIDGE INC pay a dividend?

ENBRIDGE INC (ENB) currently pays a dividend yield of 7.4%. Total shareholder yield (dividend + buybacks) 7.4%. Source: 10-Q filed 2025-11-07.

Q: How much debt does ENBRIDGE INC have?

ENBRIDGE INC (ENB) has a debt-to-equity ratio of 1.8x with total debt of $115.0 billion. Net debt $113.0 billion. Source: 10-Q filed 2025-11-07.

Q: What is ENBRIDGE INC's revenue and earnings growth?

ENBRIDGE INC (ENB) grew revenue by 13.3% year-over-year. EPS +8.9% YoY. Source: 10-Q filed 2025-11-07.

Q: How does ENBRIDGE INC compare to competitors in Transportation?

Compared to other companies in Transportation, ENBRIDGE INC (ENB) shows: ROIC 4.8%, sector median 6.7% (Bottom 50%). FCF margin 2.4%, sector median 4.6% (Bottom 50%). Gross margin 40.7%, 17.4pp above sector median. These rankings are based on MetricDuck's analysis of all Transportation companies with available SEC filings.

Q: What warning signs should I watch for with ENBRIDGE INC?

Quantitative warning flags for ENBRIDGE INC (ENB): 1) FCF margin 2.4% (below 5%); 2) debt/equity 1.8x (above 1.5x threshold). Source: 10-Q filed 2025-11-07.

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Data Source: Data sourced from 10-Q filed 2025-11-07. TTM metrics as of Q1 2026.

Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.

Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.

This analysis is for informational purposes only and does not constitute investment advice.