SOUTH BOW CORPORATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $1.99B | $2.12B | $2.01B |
| Cost of Revenue | $313.0M | $376.0M | $351.0M |
| Gross Profit | $1.67B | $1.74B | $1.65B |
| Gross Margin | 84.2% | 82.3% | 82.5% |
| Operating Expenses | |||
| Research & Development | — | — | — |
| SG&A Expense | — | — | — |
| Operating Income | $497.0M | $1.09B | $1.07B |
| Operating Margin | 25.0% | 51.5% | 53.6% |
| Interest Expense | — | — | — |
| Pretax Income | $497.0M | $418.0M | $562.0M |
| Income Tax Expense | $64.0M | $102.0M | $120.0M |
| Net Income | $433.0M | $316.0M | $442.0M |
| Net Margin | 21.8% | 14.9% | 22.0% |
| EPS (Basic) | $2.08 | $1.52 | $2.13 |
| EPS (Diluted) | $2.07 | $1.52 | $2.13 |
| Shares Outstanding (Basic) | 208.2M | 207.6M | 207.6M |
| Shares Outstanding (Diluted) | 208.8M | 208.2M | 207.6M |
| Dividends Per Share | — | — | — |