Oil & Gas Midstream
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Side-by-side financial analysisStock Comparison
SOBO vs TRP vs ENB vs KMI vs KO
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Midstream
Beverages - Non-Alcoholic
SOBO vs TRP vs ENB vs KMI vs KO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Midstream | Beverages - Non-Alcoholic |
| Market Cap | $7.48B | $70.49B | $119.12B | $70.28B | $341.71B |
| Revenue (TTM) | $1.62B | $15.14B | $77.97B | $17.52B | $49.28B |
| Net Income (TTM) | $397M | $3.52B | $7.57B | $3.31B | $13.70B |
| Gross Margin | 37.9% | 49.8% | 30.8% | 46.9% | 61.7% |
| Operating Margin | 26.6% | 44.0% | 15.8% | 28.6% | 29.3% |
| Forward P/E | 20.4x | 18.7x | 19.0x | 21.6x | 24.3x |
| Total Debt | $5.78B | $60.95B | $145.99B | $32.39B | $45.49B |
| Cash & Equiv. | $574M | $261M | $1.50B | $109M | $10.27B |
SOBO vs TRP vs ENB vs KMI vs KO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Oct 24 | Jun 26 | Return |
|---|---|---|---|
| South Bow Corporati… (SOBO) | 100 | 143.7 | +43.7% |
| TC Energy Corporati… (TRP) | 100 | 145.6 | +45.6% |
| Enbridge Inc. (ENB) | 100 | 135.0 | +35.0% |
| Kinder Morgan, Inc. (KMI) | 100 | 128.9 | +28.9% |
| The Coca-Cola Compa… (KO) | 100 | 121.6 | +21.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SOBO vs TRP vs ENB vs KMI vs KO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SOBO is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.01, yield 5.7%
- Lower volatility, beta 0.01, current ratio 1.50x
- Beta 0.01, yield 5.7%, current ratio 1.50x
- Beta 0.01 vs TRP's 0.07
TRP has the current edge in this matchup, primarily because of its strength in value and momentum.
- Lower P/E (18.7x vs 24.3x)
- +47.0% vs KO's +17.7%
ENB is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 21.9%, EPS growth 38.5%, 3Y rev CAGR 6.9%
- 21.9% revenue growth vs SOBO's -24.0%
- 6.7% yield, 2-year raise streak, vs KO's 2.6%
KMI is the clearest fit if your priority is long-term compounding and valuation efficiency.
- 127.9% 10Y total return vs TRP's 131.3%
- PEG 0.22 vs KO's 2.17
KO ranks third and is worth considering specifically for quality and efficiency.
- 27.8% margin vs ENB's 9.7%
- 13.1% ROA vs TRP's 3.0%, ROIC 15.8% vs 5.2%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.9% revenue growth vs SOBO's -24.0% | |
| Value | Lower P/E (18.7x vs 24.3x) | |
| Quality / Margins | 27.8% margin vs ENB's 9.7% | |
| Stability / Safety | Beta 0.01 vs TRP's 0.07 | |
| Dividends | 6.7% yield, 2-year raise streak, vs KO's 2.6% | |
| Momentum (1Y) | +47.0% vs KO's +17.7% | |
| Efficiency (ROA) | 13.1% ROA vs TRP's 3.0%, ROIC 15.8% vs 5.2% |
SOBO vs TRP vs ENB vs KMI vs KO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
SOBO vs TRP vs ENB vs KMI vs KO — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
KO leads in 1 of 6 categories
KMI leads 1 • SOBO leads 0 • TRP leads 0 • ENB leads 0 • 4 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
Evenly matched — TRP and KO each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ENB is the larger business by revenue, generating $78.0B annually — 48.0x SOBO's $1.6B. KO is the more profitable business, keeping 27.8% of every revenue dollar as net income compared to ENB's 9.7%. On growth, TRP holds the edge at +199.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.6B | $15.1B | $78.0B | $17.5B | $49.3B |
| EBITDAEarnings before interest/tax | $662M | $9.4B | $18.6B | $7.5B | $15.5B |
| Net IncomeAfter-tax profit | $397M | $3.5B | $7.6B | $3.3B | $13.7B |
| Free Cash FlowCash after capex | $609M | $2.1B | $2.0B | $3.9B | $12.6B |
| Gross MarginGross profit ÷ Revenue | +37.9% | +49.8% | +30.8% | +46.9% | +61.7% |
| Operating MarginEBIT ÷ Revenue | +26.6% | +44.0% | +15.8% | +28.6% | +29.3% |
| Net MarginNet income ÷ Revenue | +24.5% | +23.2% | +9.7% | +18.9% | +27.8% |
| FCF MarginFCF ÷ Revenue | +37.5% | +13.6% | +2.6% | +22.2% | +25.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -16.2% | +199.4% | +69.0% | +13.5% | +12.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -14.3% | +1.1% | +1.9% | +37.5% | +18.2% |
Valuation Metrics
Evenly matched — SOBO and ENB and KMI each lead in 2 of 7 comparable metrics.
Valuation Metrics
At 17.0x trailing earnings, SOBO trades at a 42% valuation discount to TRP's 29.2x P/E. Adjusting for growth (PEG ratio), KMI offers better value at 0.24x vs KO's 2.34x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $7.5B | $70.5B | $119.1B | $70.3B | $341.7B |
| Enterprise ValueMkt cap + debt − cash | $12.7B | $113.5B | $221.6B | $102.6B | $376.9B |
| Trailing P/EPrice ÷ TTM EPS | 17.00x | 29.20x | 23.75x | 23.06x | 26.12x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.43x | 18.67x | 18.95x | 21.58x | 24.27x |
| PEG RatioP/E ÷ EPS growth rate | — | — | 1.40x | 0.24x | 2.34x |
| EV / EBITDAEnterprise value multiple | 22.31x | 16.88x | 18.80x | 14.12x | 25.45x |
| Price / SalesMarket cap ÷ Revenue | 4.64x | 6.55x | 2.58x | 4.15x | 7.13x |
| Price / BookPrice ÷ Book value/share | 2.77x | 2.69x | 1.86x | 2.17x | 9.99x |
| Price / FCFMarket cap ÷ FCF | 13.64x | 47.82x | 37.14x | 21.82x | 64.52x |
Profitability & Efficiency
KO leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
KO delivers a 41.1% return on equity — every $100 of shareholder capital generates $41 in annual profit, vs $9 for TRP. KMI carries lower financial leverage with a 1.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to SOBO's 2.14x. On the Piotroski fundamental quality scale (0–9), KMI scores 8/9 vs ENB's 4/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +16.1% | +9.4% | +10.0% | +10.3% | +41.1% |
| ROA (TTM)Return on assets | +3.8% | +3.0% | +3.1% | +4.5% | +13.1% |
| ROICReturn on invested capital | +3.0% | +5.2% | +4.1% | +5.6% | +15.8% |
| ROCEReturn on capital employed | +3.3% | +6.2% | +4.5% | +7.0% | +17.3% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 4 | 8 | 7 |
| Debt / EquityFinancial leverage | 2.14x | 1.65x | 1.61x | 1.00x | 1.33x |
| Net DebtTotal debt minus cash | $5.2B | $60.7B | $144.5B | $32.3B | $35.2B |
| Cash & Equiv.Liquid assets | $574M | $261M | $1.5B | $109M | $10.3B |
| Total DebtShort + long-term debt | $5.8B | $60.9B | $146.0B | $32.4B | $45.5B |
| Interest CoverageEBIT ÷ Interest expense | 1.78x | 2.66x | 7.85x | 2.86x | 10.70x |
Total Returns (Dividends Reinvested)
KMI leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in KMI five years ago would be worth $21,097 today (with dividends reinvested), compared to $16,528 for KO. Over the past 12 months, TRP leads with a +47.0% total return vs KO's +17.7%. The 3-year compound annual growth rate (CAGR) favors KMI at 28.1% vs KO's 11.7% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +30.4% | +22.2% | +16.3% | +16.1% | +16.4% |
| 1-Year ReturnPast 12 months | +45.0% | +47.0% | +27.4% | +18.8% | +17.7% |
| 3-Year ReturnCumulative with dividends | +74.4% | +104.5% | +69.8% | +110.4% | +39.3% |
| 5-Year ReturnCumulative with dividends | +74.4% | +73.1% | +71.6% | +111.0% | +65.3% |
| 10-Year ReturnCumulative with dividends | +74.4% | +131.3% | +87.2% | +127.9% | +115.0% |
| CAGR (3Y)Annualised 3-year return | +20.4% | +26.9% | +19.3% | +28.1% | +11.7% |
Risk & Volatility
Evenly matched — TRP and KO each lead in 1 of 2 comparable metrics.
Risk & Volatility
KO is the less volatile stock with a -0.23 beta — it tends to amplify market swings less than TRP's 0.07 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TRP currently trades 94.7% from its 52-week high vs KMI's 90.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.01x | 0.07x | -0.01x | -0.03x | -0.23x |
| 52-Week HighHighest price in past year | $38.45 | $71.47 | $58.45 | $34.80 | $84.04 |
| 52-Week LowLowest price in past year | $25.02 | $46.29 | $43.59 | $25.60 | $65.35 |
| % of 52W HighCurrent price vs 52-week peak | +93.3% | +94.7% | +93.3% | +90.8% | +94.5% |
| RSI (14)Momentum oscillator 0–100 | 46.7 | 50.3 | 42.4 | 43.6 | 49.2 |
| Avg Volume (50D)Average daily shares traded | 763K | 1.9M | 3.9M | 9.5M | 13.6M |
Analyst Outlook
Evenly matched — ENB and KO each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: SOBO as "Hold", TRP as "Buy", ENB as "Buy", KMI as "Hold", KO as "Buy". Consensus price targets imply 16.1% upside for KMI (target: $37) vs -14.1% for ENB (target: $47). For income investors, ENB offers the higher dividend yield at 6.70% vs KO's 2.56%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $31.80 | $62.00 | $46.86 | $36.67 | $86.13 |
| # AnalystsCovering analysts | 6 | 19 | 25 | 34 | 48 |
| Dividend YieldAnnual dividend ÷ price | +5.7% | +3.5% | +6.7% | +3.7% | +2.6% |
| Dividend StreakConsecutive years of raises | 2 | 0 | 2 | 8 | 56 |
| Dividend / ShareAnnual DPS | $2.03 | $3.37 | $5.16 | $1.17 | $2.04 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.3% | 0.0% | 0.0% | +0.2% |
KO leads in 1 of 6 categories (Profitability & Efficiency). KMI leads in 1 (Total Returns). 4 tied.
SOBO vs TRP vs ENB vs KMI vs KO: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is SOBO or TRP or ENB or KMI or KO a better buy right now?
For growth investors, Enbridge Inc.
(ENB) is the stronger pick with 21. 9% revenue growth year-over-year, versus -24. 0% for South Bow Corporation (SOBO). South Bow Corporation (SOBO) offers the better valuation at 17. 0x trailing P/E (20. 4x forward), making it the more compelling value choice. Analysts rate TC Energy Corporation (TRP) a "Buy" — based on 19 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SOBO or TRP or ENB or KMI or KO?
On trailing P/E, South Bow Corporation (SOBO) is the cheapest at 17.
0x versus TC Energy Corporation at 29. 2x. On forward P/E, TC Energy Corporation is actually cheaper at 18. 7x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Kinder Morgan, Inc. wins at 0. 22x versus The Coca-Cola Company's 2. 17x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — SOBO or TRP or ENB or KMI or KO?
Over the past 5 years, Kinder Morgan, Inc.
(KMI) delivered a total return of +111. 0%, compared to +65. 3% for The Coca-Cola Company (KO). Over 10 years, the gap is even starker: TRP returned +131. 3% versus SOBO's +74. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SOBO or TRP or ENB or KMI or KO?
By beta (market sensitivity over 5 years), The Coca-Cola Company (KO) is the lower-risk stock at -0.
23β versus TC Energy Corporation's 0. 07β — meaning TRP is approximately -129% more volatile than KO relative to the S&P 500. On balance sheet safety, Kinder Morgan, Inc. (KMI) carries a lower debt/equity ratio of 100% versus 2% for South Bow Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — SOBO or TRP or ENB or KMI or KO?
By revenue growth (latest reported year), Enbridge Inc.
(ENB) is pulling ahead at 21. 9% versus -24. 0% for South Bow Corporation (SOBO). On earnings-per-share growth, the picture is similar: South Bow Corporation grew EPS 38. 8% year-over-year, compared to -26. 2% for TC Energy Corporation. Over a 3-year CAGR, TRP leads at 7. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SOBO or TRP or ENB or KMI or KO?
South Bow Corporation (SOBO) is the more profitable company, earning 27.
4% net margin versus 11. 5% for Enbridge Inc. — meaning it keeps 27. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRP leads at 44. 2% versus 16. 8% for ENB. At the gross margin level — before operating expenses — KO leads at 61. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SOBO or TRP or ENB or KMI or KO more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Kinder Morgan, Inc. (KMI) is the more undervalued stock at a PEG of 0. 22x versus The Coca-Cola Company's 2. 17x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, TC Energy Corporation (TRP) trades at 18. 7x forward P/E versus 24. 3x for The Coca-Cola Company — 5. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for KMI: 16. 1% to $36. 67.
08Which pays a better dividend — SOBO or TRP or ENB or KMI or KO?
All stocks in this comparison pay dividends.
Enbridge Inc. (ENB) offers the highest yield at 6. 7%, versus 2. 6% for The Coca-Cola Company (KO).
09Is SOBO or TRP or ENB or KMI or KO better for a retirement portfolio?
For long-horizon retirement investors, The Coca-Cola Company (KO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
23), 2. 6% yield, +115. 0% 10Y return). Both have compounded well over 10 years (KO: +115. 0%, TRP: +131. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SOBO and TRP and ENB and KMI and KO?
These companies operate in different sectors (SOBO (Energy) and TRP (Energy) and ENB (Energy) and KMI (Energy) and KO (Consumer Defensive)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: SOBO is a small-cap deep-value stock; TRP is a mid-cap income-oriented stock; ENB is a mid-cap high-growth stock; KMI is a mid-cap income-oriented stock; KO is a large-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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