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Side-by-side financial comparison of ENBRIDGE INC (ENB) and Supermicro (SMCI). Click either name above to swap in a different company.

Supermicro is the larger business by last-quarter revenue ($10.2B vs $5.7B, roughly 1.8× ENBRIDGE INC). ENBRIDGE INC runs the higher net margin — 26.2% vs 4.7%, a 21.5% gap on every dollar of revenue. On growth, Supermicro posted the faster year-over-year revenue change (122.7% vs 5.3%). Over the past eight quarters, Supermicro's revenue compounded faster (38.3% CAGR vs 7.6%).

Enbridge Inc. is a multinational pipeline and energy company headquartered in Calgary, Alberta, Canada. Enbridge owns and operates pipelines throughout Canada and the United States, transporting crude oil, natural gas, and natural gas liquids, and also generates renewable energy. Enbridge's pipeline system is the longest in North America and the largest oil export pipeline network in the world. Its crude oil system consists of 28,661 kilometres of pipelines. Its 38,300 kilometre natural gas p...

Super Micro Computer, Inc., doing business as Supermicro, is an American information technology company based in San Jose, California. The company is one of the largest producers of high-performance and high-efficiency servers, while also providing server management software, and storage systems for various markets, including enterprise data centers, cloud computing, artificial intelligence, 5G, and edge computing.

ENB vs SMCI — Head-to-Head

Bigger by revenue
SMCI
SMCI
1.8× larger
SMCI
$10.2B
$5.7B
ENB
Growing faster (revenue YoY)
SMCI
SMCI
+117.3% gap
SMCI
122.7%
5.3%
ENB
Higher net margin
ENB
ENB
21.5% more per $
ENB
26.2%
4.7%
SMCI
Faster 2-yr revenue CAGR
SMCI
SMCI
Annualised
SMCI
38.3%
7.6%
ENB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ENB
ENB
SMCI
SMCI
Revenue
$5.7B
$10.2B
Net Profit
$1.5B
$483.4M
Gross Margin
9.9%
Operating Margin
34.7%
6.1%
Net Margin
26.2%
4.7%
Revenue YoY
5.3%
122.7%
Net Profit YoY
246.2%
344.4%
EPS (diluted)
$0.72

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ENB
ENB
SMCI
SMCI
Q1 26
$10.2B
Q4 25
$5.7B
$12.7B
Q3 25
$4.5B
$5.0B
Q2 25
$4.8B
$5.8B
Q1 25
$6.4B
$4.6B
Q4 24
$5.4B
$5.7B
Q3 24
$4.2B
$5.9B
Q2 24
$4.3B
$5.4B
Net Profit
ENB
ENB
SMCI
SMCI
Q1 26
$483.4M
Q4 25
$1.5B
$400.6M
Q3 25
$575.2M
$168.3M
Q2 25
$1.7B
$195.2M
Q1 25
$1.7B
$108.8M
Q4 24
$434.4M
$320.6M
Q3 24
$1.0B
$424.3M
Q2 24
$1.4B
$297.2M
Gross Margin
ENB
ENB
SMCI
SMCI
Q1 26
9.9%
Q4 25
6.3%
Q3 25
9.3%
Q2 25
9.5%
Q1 25
9.6%
Q4 24
11.8%
Q3 24
13.1%
Q2 24
7.5%
10.2%
Operating Margin
ENB
ENB
SMCI
SMCI
Q1 26
6.1%
Q4 25
34.7%
3.7%
Q3 25
36.9%
3.6%
Q2 25
35.1%
4.0%
Q1 25
41.7%
3.2%
Q4 24
32.8%
6.5%
Q3 24
38.7%
8.6%
Q2 24
38.3%
5.4%
Net Margin
ENB
ENB
SMCI
SMCI
Q1 26
4.7%
Q4 25
26.2%
3.2%
Q3 25
12.8%
3.4%
Q2 25
34.9%
3.4%
Q1 25
26.8%
2.4%
Q4 24
8.0%
5.6%
Q3 24
24.3%
7.1%
Q2 24
32.8%
5.6%
EPS (diluted)
ENB
ENB
SMCI
SMCI
Q1 26
$0.72
Q4 25
$0.60
Q3 25
$0.26
Q2 25
$0.33
Q1 25
$0.17
Q4 24
$0.51
Q3 24
$0.67
Q2 24
$-12.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ENB
ENB
SMCI
SMCI
Cash + ST InvestmentsLiquidity on hand
$798.6M
$1.3B
Total DebtLower is stronger
$72.2B
Stockholders' EquityBook value
$45.5B
$7.6B
Total Assets
$159.5B
$23.5B
Debt / EquityLower = less leverage
1.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENB
ENB
SMCI
SMCI
Q1 26
$1.3B
Q4 25
$798.6M
$4.1B
Q3 25
$1.0B
$4.2B
Q2 25
$878.2M
$5.2B
Q1 25
$1.5B
$2.5B
Q4 24
$1.3B
$1.4B
Q3 24
$1.4B
$2.1B
Q2 24
$2.6B
$1.7B
Total Debt
ENB
ENB
SMCI
SMCI
Q1 26
Q4 25
$72.2B
Q3 25
$73.4B
Q2 25
$70.8B
Q1 25
$70.9B
Q4 24
$68.2B
Q3 24
$63.7B
Q2 24
$62.2B
Stockholders' Equity
ENB
ENB
SMCI
SMCI
Q1 26
$7.6B
Q4 25
$45.5B
$7.0B
Q3 25
$47.6B
$6.5B
Q2 25
$47.8B
$6.3B
Q1 25
$49.8B
$6.4B
Q4 24
$48.1B
$6.2B
Q3 24
$48.0B
$5.9B
Q2 24
$49.1B
$5.4B
Total Assets
ENB
ENB
SMCI
SMCI
Q1 26
$23.5B
Q4 25
$159.5B
$28.0B
Q3 25
$158.4B
$14.4B
Q2 25
$154.5B
$14.0B
Q1 25
$160.6B
$10.7B
Q4 24
$159.9B
$9.7B
Q3 24
$150.2B
$10.9B
Q2 24
$146.9B
$9.8B
Debt / Equity
ENB
ENB
SMCI
SMCI
Q1 26
Q4 25
1.59×
Q3 25
1.54×
Q2 25
1.48×
Q1 25
1.42×
Q4 24
1.42×
Q3 24
1.33×
Q2 24
1.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ENB
ENB
SMCI
SMCI
Operating Cash FlowLast quarter
$9.0B
Free Cash FlowOCF − Capex
$2.4B
FCF MarginFCF / Revenue
42.0%
Capex IntensityCapex / Revenue
114.3%
Cash ConversionOCF / Net Profit
5.96×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENB
ENB
SMCI
SMCI
Q1 26
Q4 25
$9.0B
$-23.9M
Q3 25
$-917.5M
Q2 25
$863.6M
Q1 25
$2.2B
$626.8M
Q4 24
$9.2B
$-239.8M
Q3 24
$408.9M
Q2 24
$-641.8M
Free Cash Flow
ENB
ENB
SMCI
SMCI
Q1 26
Q4 25
$2.4B
$-45.1M
Q3 25
$-949.8M
Q2 25
$840.9M
Q1 25
$970.9M
$594.1M
Q4 24
$4.3B
$-267.3M
Q3 24
$364.6M
Q2 24
$-655.8M
FCF Margin
ENB
ENB
SMCI
SMCI
Q1 26
Q4 25
42.0%
-0.4%
Q3 25
-18.9%
Q2 25
14.6%
Q1 25
15.1%
12.9%
Q4 24
79.0%
-4.7%
Q3 24
6.1%
Q2 24
-12.2%
Capex Intensity
ENB
ENB
SMCI
SMCI
Q1 26
Q4 25
114.3%
0.2%
Q3 25
0.6%
Q2 25
0.4%
Q1 25
19.6%
0.7%
Q4 24
90.1%
0.5%
Q3 24
0.7%
Q2 24
0.3%
Cash Conversion
ENB
ENB
SMCI
SMCI
Q1 26
Q4 25
5.96×
-0.06×
Q3 25
-5.45×
Q2 25
4.43×
Q1 25
1.29×
5.76×
Q4 24
21.18×
-0.75×
Q3 24
0.96×
Q2 24
-2.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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