Enbridge Inc
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in… Read more
Enbridge Inc (ENB) - Net Assets
Latest net assets as of December 2025: $65.92 Billion USD
Based on the latest financial reports, Enbridge Inc (ENB) has net assets worth $65.92 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($218.47 Billion) and total liabilities ($152.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $65.92 Billion |
| % of Total Assets | 30.17% |
| Annual Growth Rate | 12.01% |
| 5-Year Change | 4.03% |
| 10-Year Change | 200.16% |
| Growth Volatility | 37.95 |
Enbridge Inc - Net Assets Trend (1988–2025)
This chart illustrates how Enbridge Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Enbridge Inc (1988–2025)
The table below shows the annual net assets of Enbridge Inc from 1988 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $65.92 Billion | -4.31% |
| 2024-12-31 | $68.89 Billion | +6.84% |
| 2023-12-31 | $64.48 Billion | +1.71% |
| 2022-12-31 | $63.40 Billion | +0.05% |
| 2021-12-31 | $63.37 Billion | -1.55% |
| 2020-12-31 | $64.36 Billion | +20.25% |
| 2019-12-31 | $53.52 Billion | -27.11% |
| 2018-12-31 | $73.44 Billion | +11.72% |
| 2017-12-31 | $65.73 Billion | +199.29% |
| 2016-12-31 | $21.96 Billion | +8.74% |
| 2015-12-31 | $20.20 Billion | +7.43% |
| 2014-12-31 | $18.80 Billion | +7.37% |
| 2013-12-31 | $17.51 Billion | +27.27% |
| 2012-12-31 | $13.76 Billion | +42.03% |
| 2011-12-31 | $9.69 Billion | +17.80% |
| 2010-12-31 | $8.22 Billion | +2.94% |
| 2009-12-31 | $7.99 Billion | +7.71% |
| 2008-12-31 | $7.42 Billion | +25.15% |
| 2007-12-31 | $5.93 Billion | +11.26% |
| 2006-12-31 | $5.33 Billion | +7.36% |
| 2005-12-31 | $4.96 Billion | +10.40% |
| 2004-12-31 | $4.49 Billion | -3.35% |
| 2003-12-31 | $4.65 Billion | +5.82% |
| 2002-12-31 | $4.39 Billion | +38.88% |
| 2001-12-31 | $3.16 Billion | +9.46% |
| 2000-12-31 | $2.89 Billion | +11.12% |
| 1999-12-31 | $2.60 Billion | +26.15% |
| 1998-12-31 | $2.06 Billion | +21.31% |
| 1997-12-31 | $1.70 Billion | +21.73% |
| 1996-12-31 | $1.40 Billion | +4.61% |
| 1995-12-31 | $1.33 Billion | +96.27% |
| 1994-12-31 | $679.90 Million | +46.78% |
| 1993-12-31 | $463.20 Million | +0.94% |
| 1992-12-31 | $458.87 Million | +0.03% |
| 1991-12-31 | $458.75 Million | -59.53% |
| 1990-12-31 | $1.13 Billion | +6.41% |
| 1989-12-31 | $1.07 Billion | +7.42% |
| 1988-12-31 | $991.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Enbridge Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3814.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $71.88 Billion | 115.31% |
| Other Comprehensive Income | $4.68 Billion | 7.51% |
| Other Components | $7.06 Billion | 11.33% |
| Total Equity | $62.33 Billion | 100.00% |
Enbridge Inc Competitors by Market Cap
The table below lists competitors of Enbridge Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
|
$118.01 Billion |
|
Progressive Corp
NYSE:PGR
|
$119.16 Billion |
|
Contemporary Amperex Technology Co Ltd Class A
SHE:300750
|
$119.93 Billion |
|
Newmont Goldcorp Corp
NYSE:NEM
|
$119.99 Billion |
|
Intesa Sanpaolo SpA PK
PINK:ISNPY
|
$117.88 Billion |
|
TotalEnergies SE
PINK:TTFNF
|
$117.16 Billion |
|
Chubb Ltd
NYSE:CB
|
$116.87 Billion |
|
Palo Alto Networks Inc
NASDAQ:PANW
|
$115.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Enbridge Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 65,900,000,000 to 62,333,000,000, a change of -3,567,000,000 (-5.4%).
- Net income of 7,491,000,000 contributed positively to equity growth.
- Dividend payments of 8,631,959,785 reduced retained earnings.
- Share repurchases of 28,000,000 reduced equity.
- New share issuances of 28,000,000 increased equity.
- Other comprehensive income decreased equity by 2,434,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.49 Billion | +12.02% |
| Dividends Paid | $8.63 Billion | -13.85% |
| Share Repurchases | $28.00 Million | -0.04% |
| Share Issuances | $28.00 Million | +0.04% |
| Other Comprehensive Income | $-2.43 Billion | -3.9% |
| Other Changes | $7.96 Million | +0.01% |
| Total Change | $- | -5.41% |
Book Value vs Market Value Analysis
This analysis compares Enbridge Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.91x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 34.83x to 1.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-12-31 | $1.57 | $54.54 | x |
| 1989-12-31 | $1.64 | $54.54 | x |
| 1990-12-31 | $1.74 | $54.54 | x |
| 1991-12-31 | $0.72 | $54.54 | x |
| 1992-12-31 | $0.57 | $54.54 | x |
| 1993-12-31 | $0.73 | $54.54 | x |
| 1994-12-31 | $0.70 | $54.54 | x |
| 1995-12-31 | $1.21 | $54.54 | x |
| 1996-12-31 | $1.29 | $54.54 | x |
| 1997-12-31 | $1.43 | $54.54 | x |
| 1998-12-31 | $1.65 | $54.54 | x |
| 1999-12-31 | $2.08 | $54.54 | x |
| 2000-12-31 | $2.25 | $54.54 | x |
| 2001-12-31 | $2.41 | $54.54 | x |
| 2002-12-31 | $2.91 | $54.54 | x |
| 2003-12-31 | $3.00 | $54.54 | x |
| 2004-12-31 | $2.89 | $54.54 | x |
| 2005-12-31 | $6.26 | $54.54 | x |
| 2006-12-31 | $6.71 | $54.54 | x |
| 2007-12-31 | $7.36 | $54.54 | x |
| 2008-12-31 | $9.14 | $54.54 | x |
| 2009-12-31 | $9.92 | $54.54 | x |
| 2010-12-31 | $10.11 | $54.54 | x |
| 2011-12-31 | $11.62 | $54.54 | x |
| 2012-12-31 | $13.38 | $54.54 | x |
| 2013-12-31 | $16.52 | $54.54 | x |
| 2014-12-31 | $19.98 | $54.54 | x |
| 2015-12-31 | $22.03 | $54.54 | x |
| 2016-12-31 | $23.30 | $54.54 | x |
| 2017-12-31 | $37.95 | $54.54 | x |
| 2018-12-31 | $40.23 | $54.54 | x |
| 2019-12-31 | $25.21 | $54.54 | x |
| 2020-12-31 | $30.36 | $54.54 | x |
| 2021-12-31 | $30.04 | $54.54 | x |
| 2022-12-31 | $29.52 | $54.54 | x |
| 2023-12-31 | $29.86 | $54.54 | x |
| 2024-12-31 | $30.54 | $54.54 | x |
| 2025-12-31 | $28.51 | $54.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Enbridge Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.49%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 3.50x
- Recent ROE (12.02%) is below the historical average (13.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 10.39% | 12.01% | 0.29x | 3.02x | $3.91 Million |
| 1989 | 11.18% | 13.33% | 0.28x | 2.99x | $12.24 Million |
| 1990 | 13.02% | 15.18% | 0.30x | 2.87x | $33.40 Million |
| 1991 | 73.53% | 53.83% | 0.35x | 3.86x | $291.43 Million |
| 1992 | 16.46% | 19.25% | 0.24x | 3.63x | $29.64 Million |
| 1993 | 17.43% | 20.44% | 0.24x | 3.60x | $34.43 Million |
| 1994 | 9.77% | 7.37% | 0.11x | 11.98x | $-1.01 Million |
| 1995 | 11.90% | 5.61% | 0.45x | 4.73x | $20.79 Million |
| 1996 | 12.92% | 7.34% | 0.43x | 4.13x | $40.74 Million |
| 1997 | 12.79% | 8.62% | 0.38x | 3.93x | $47.36 Million |
| 1998 | 11.68% | 10.29% | 0.28x | 4.05x | $34.72 Million |
| 1999 | 11.99% | 11.15% | 0.29x | 3.68x | $49.71 Million |
| 2000 | 15.00% | 14.07% | 0.28x | 3.82x | $138.16 Million |
| 2001 | 15.93% | 11.92% | 0.31x | 4.33x | $179.69 Million |
| 2002 | 15.92% | 13.42% | 0.35x | 3.39x | $226.86 Million |
| 2003 | 16.98% | 14.43% | 0.35x | 3.35x | $288.20 Million |
| 2004 | 16.39% | 9.97% | 0.44x | 3.75x | $254.38 Million |
| 2005 | 13.18% | 6.66% | 0.49x | 4.03x | $135.95 Million |
| 2006 | 13.50% | 5.85% | 0.58x | 3.99x | $161.24 Million |
| 2007 | 13.40% | 5.93% | 0.60x | 3.77x | $179.58 Million |
| 2008 | 20.06% | 8.23% | 0.65x | 3.73x | $665.82 Million |
| 2009 | 21.51% | 12.53% | 0.44x | 3.88x | $835.90 Million |
| 2010 | 12.82% | 6.41% | 0.50x | 3.98x | $213.50 Million |
| 2011 | 11.36% | 5.17% | 0.56x | 3.88x | $119.90 Million |
| 2012 | 6.81% | 2.83% | 0.54x | 4.49x | $-335.00 Million |
| 2013 | 4.66% | 1.91% | 0.57x | 4.27x | $-720.60 Million |
| 2014 | 8.37% | 3.73% | 0.52x | 4.34x | $-273.60 Million |
| 2015 | 1.33% | 0.74% | 0.40x | 4.48x | $-1.64 Billion |
| 2016 | 9.67% | 5.99% | 0.40x | 4.01x | $-69.60 Million |
| 2017 | 4.92% | 6.44% | 0.27x | 2.79x | $-2.95 Billion |
| 2018 | 4.15% | 6.21% | 0.28x | 2.40x | $-4.07 Billion |
| 2019 | 11.20% | 11.39% | 0.40x | 2.47x | $612.04 Million |
| 2020 | 5.48% | 8.60% | 0.24x | 2.61x | $-2.77 Billion |
| 2021 | 10.17% | 13.15% | 0.28x | 2.78x | $106.40 Million |
| 2022 | 5.01% | 5.63% | 0.30x | 3.00x | $-2.99 Billion |
| 2023 | 10.07% | 14.18% | 0.24x | 2.93x | $45.60 Million |
| 2024 | 8.26% | 10.18% | 0.24x | 3.32x | $-1.15 Billion |
| 2025 | 12.02% | 11.49% | 0.30x | 3.50x | $1.26 Billion |
Industry Comparison
This section compares Enbridge Inc's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Enbridge Inc (ENB) | $65.92 Billion | 10.39% | 2.31x | $117.99 Billion |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.56 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $2.93 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |