Enbridge Inc.

ENB.TOTSXEnergy● Active

$77.78

$-0.76(-0.97%)

Market Cap$169.8B

P/E Ratio—

52W High$80.65

52W Low$59.68

Avg Volume8.2M

Open$78.41

Beta0.81

Free Cash Flow Financials Revenue

Enbridge Inc. (ENB.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ENB.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

ENB.TO · FCF · TTM · margin & CAGR

Free cash flow was $3.98B for FY2025 (fiscal year ending 2025-12-31), down 29.8% year-over-year The FCF margin was 6.1%. Five-year CAGR stands at -0.9%.

FY2025 Free Cash Flow$3.98B▼ -29.8% YoY

Trailing 12M (TTM)$2.36Btrailing 4 quarters sum

FCF Margin6.1%$3.98B ÷ revenue

3-Year CAGR-14.7%FY2022 → FY2025

5-Year CAGR-0.9%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ENB.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$12.95B(8.97B)$3.98B▼ 29.8%6.1%

FY2024$12.60B(6.93B)$5.67B▼ 39.2%10.6%

FY2023$14.20B(4.88B)$9.32B▲ +45.5%21.7%

FY2022$11.23B(4.82B)$6.41B▲ +225.2%12.0%

FY2021$9.79B(7.82B)$1.97B▼ 52.6%4.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ENB.TO · P/FCF · FCF yield · FCF per share

Enbridge Inc. (ENB.TO) trades at a FCF yield of 1.38% and a price-to-free-cash-flow ratio of 72.0x. FCF per share stands at $1.08, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

1.38%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.08

TTM FCF ÷ Shares Outstanding

Price / FCF

x72.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x136.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ENB.TO · cash flow statement · operating / investing / financing

For FY2025, Enbridge Inc. generated $12.95B in operating cash flow and spent 8.97B in capital expenditures, yielding $3.98B in free cash flow.

Operating Activities

+$12.95B

Cash from core business operations

2025-12-31

Investing Activities

−$11.17B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.41B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($12.95B) − |CapEx| (8.97B) = FCF ($3.98B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

ENB.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Enbridge Inc.YOU

ENB.TO

$3.98B-29.8%6.1%

17%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Enbridge Inc. (ENB.TO) reported free cash flow of $3.98B for FY2025 (fiscal year ending 2025-12-31), down 29.8% year-over-year. The FCF margin was 6.1%.

Based on available data, Enbridge Inc. has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $9.32B in FY2023. The 5-year CAGR stands at -0.9%.

Enbridge Inc.'s FCF yield is 1.38% and price-to-FCF ratio is 72.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ENB.TO free cash flow · 8 questions

Enbridge Inc. free cash flow was $3.98B for FY2025, down 29.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.36B.

ENB.TO free cash flowENB.TO FCFENB.TO FCF 2025ENB.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Enbridge Inc. · Enbridge Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026