Enbridge Inc.

ENBNYSEEnergy● Active

$56.31

$-0.43(-0.76%)

Market Cap$123.0B

P/E Ratio—

52W High$58.45

52W Low$43.59

Avg Volume4.6M

Open$56.85

Beta0.81

Overview

Enbridge Inc. (ENB) Free Cash Flow & Analysis

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

ENB · free cash flow · updated Jun 8, 2026

Core FCF metrics

ENB · FCF · TTM · margin & CAGR

Free cash flow was $4.52B for FY2025 (fiscal year ending 2025-12-31), down 20.2% year-over-year The FCF margin was 6.9%. Five-year CAGR stands at +1.7%.

FY2025 Free Cash Flow$4.52B▼ -20.2% YoY

Trailing 12M (TTM)$2.21Btrailing 4 quarters sum

FCF Margin6.9%$4.52B ÷ revenue

3-Year CAGR-11.0%FY2022 → FY2025

5-Year CAGR+1.7%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 · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$16.84B(12.31B)$4.52B▼ 20.2%6.9%

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

FY2023$14.20B(4.88B)$9.32B▲ +45.5%21.4%

FY2022$11.23B(4.82B)$6.41B▲ +451.1%12.0%

FY2021$9.26B(8.09B)$1.16B▼ 72.0%2.5%

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

FCF valuation metrics

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

Enbridge Inc. (ENB) trades at a FCF yield of 1.38% and a price-to-free-cash-flow ratio of 55.2x. FCF per share stands at $1.02, 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)

$1.02

TTM FCF ÷ Shares Outstanding

Price / FCF

x55.2

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 · cash flow statement · operating / investing / financing

For FY2025, Enbridge Inc. generated $16.84B in operating cash flow and spent 12.31B in capital expenditures, yielding $4.52B in free cash flow.

Operating Activities

+$16.84B

Cash from core business operations

2025-12-31

Investing Activities

−$14.41B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$3.29B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($16.84B) − |CapEx| (12.31B) = FCF ($4.52B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

ENB vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Enbridge Inc.YOU

ENB

$4.52B-20.2%6.9%

19%

Exxon Mobil Corporation

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

About Free Cash Flow & Methodology

Enbridge Inc. (ENB) reported free cash flow of $4.52B for FY2025 (fiscal year ending 2025-12-31), down 20.2% year-over-year. The FCF margin was 6.9%.

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 +1.7%.

Enbridge Inc.'s FCF yield is 1.38% and price-to-FCF ratio is 55.2x 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 free cash flow · 8 questions

Enbridge Inc. free cash flow was $4.52B for FY2025, down 20.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.21B.

ENB free cash flowENB FCFENB FCF 2025ENB 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