Enbridge Inc. (ENB) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ENB Revenue Growth
Revenue Breakdown (FY 2025)
ENB's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ENB Revenue Analysis (2014–2025)
As of May 8, 2026, Enbridge Inc. (ENB) generated trailing twelve-month (TTM) revenue of $65.19 billion, reflecting solid growth of +5.9% year-over-year. The most recent quarter (Q4 2025) recorded $17.18 billion in revenue, up 17.3% sequentially.
Looking at the longer-term picture, ENB's 5-year compound annual growth rate (CAGR) stands at +10.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $65.19 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows ENB's business is primarily driven by Commodity Sales (54%), Transportation Revenue (27%), and Gas Distribution Revenue (15%). With over half of revenue concentrated in Commodity Sales, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including KMI (+13.1% YoY), WMB (+10.6% YoY), and ET (+8.9% YoY), ENB has underperformed the peer group in terms of revenue growth. Compare ENB vs KMI →
ENB Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ENBCurrent | $65.2B | +5.9% | +10.8% | 16.8% | |
 KMI | $16.9B | +13.1% | +8.1% | 28.4% | |
 WMB | $11.9B | +10.6% | +9.1% | 36.8% | |
 ET | $82.6B | +8.9% | +16.2% | 11.4% | |
 EPD | $52.6B | -6.4% | +14.1% | 13.1% | |
 TRP | $15.2B | +23.3% | +3.2% | 44.2% |
ENB Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $65.19B | +21.9% | $0 | - | $10.96B | 16.8% |
| 2024 | $53.47B | +22.5% | $19.27B | 36.0% | $9.65B | 18.0% |
| 2023 | $43.65B | -18.1% | $17.67B | 40.5% | $8.65B | 19.8% |
| 2022 | $53.31B | +13.3% | $16.40B | 30.8% | $5.18B | 9.7% |
| 2021 | $47.07B | +20.4% | $14.52B | 30.8% | $7.80B | 16.6% |
| 2020 | $39.09B | -21.9% | $14.71B | 37.6% | $7.96B | 20.4% |
| 2019 | $50.07B | +8.0% | $15.67B | 31.3% | $8.26B | 16.5% |
| 2018 | $46.38B | +4.5% | $13.73B | 29.6% | $4.82B | 10.4% |
| 2017 | $44.38B | +28.4% | $12.58B | 28.3% | $1.57B | 3.5% |
| 2016 | $34.56B | +2.3% | $8.31B | 24.1% | $2.58B | 7.5% |
Full ENB Stock Analysis
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Start ComparisonENB — Frequently Asked Questions
Quick answers to the most common questions about buying ENB stock.
Is ENB's revenue growth accelerating or slowing?
ENB maintains +5.9% revenue growth, in line with its 5-year CAGR of +10.8%. TTM revenue stands at $65.2B. Growth rate remains consistent with historical average.
What is ENB's long-term revenue growth rate?
Enbridge Inc.'s 5-year revenue CAGR of +10.8% reflects the sustained expansion pattern. Current YoY growth of +5.9% is near this long-term average.
How is ENB's revenue distributed by segment?
ENB reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.