South Bow (SOBO)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from SOBO's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from South Bow's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $2.0B | $2.1B | $2.0B |
| Net income | $442M | $316M | $433M |
| Free cash flow | $732M | $388M | — |
| EPS (diluted) | $2.13 | $1.52 | $2.07 |
| Operating margin | 53.6% | 51.5% | 36.0% |
Where the revenue comes from
Revenue by segments, fiscal 2025.
Superinvestors who own SOBO
From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Added | $312M | 0.26% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Trimmed | $477,158 | 0.0% | Q2 2026 |
Insider buying
Open-market purchases by South Bow's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are South Bow insiders buying the stock?
No open-market insider purchases of SOBO in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own South Bow?
2 of the superinvestors Investingly tracks hold SOBO in their latest 13F, including Hersh Cohen, Cliff Asness.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.