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

ENBRIDGE INC is the larger business by last-quarter revenue ($5.7B vs $3.1B, roughly 1.8× Seagate Technology). ENBRIDGE INC runs the higher net margin — 26.2% vs 24.0%, a 2.2% gap on every dollar of revenue. On growth, Seagate Technology posted the faster year-over-year revenue change (44.1% vs 5.3%). ENBRIDGE INC produced more free cash flow last quarter ($2.4B vs $953.0M). Over the past eight quarters, Seagate Technology's revenue compounded faster (28.4% 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...

Seagate Technology Holdings plc is an American data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979. Since 2010, the company has been incorporated in Dublin, Ireland, with operational headquarters in Fremont, California, United States.

ENB vs STX — Head-to-Head

Bigger by revenue
ENB
ENB
1.8× larger
ENB
$5.7B
$3.1B
STX
Growing faster (revenue YoY)
STX
STX
+38.7% gap
STX
44.1%
5.3%
ENB
Higher net margin
ENB
ENB
2.2% more per $
ENB
26.2%
24.0%
STX
More free cash flow
ENB
ENB
$1.5B more FCF
ENB
$2.4B
$953.0M
STX
Faster 2-yr revenue CAGR
STX
STX
Annualised
STX
28.4%
7.6%
ENB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ENB
ENB
STX
STX
Revenue
$5.7B
$3.1B
Net Profit
$1.5B
$748.0M
Gross Margin
46.5%
Operating Margin
34.7%
32.1%
Net Margin
26.2%
24.0%
Revenue YoY
5.3%
44.1%
Net Profit YoY
246.2%
-23.8%
EPS (diluted)
$3.27

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
STX
STX
Q3 26
$3.1B
Q1 26
$2.8B
Q4 25
$5.7B
$2.6B
Q3 25
$4.5B
Q2 25
$4.8B
$2.4B
Q1 25
$6.4B
$2.2B
Q4 24
$5.4B
$2.3B
Q3 24
$4.2B
$2.2B
Net Profit
ENB
ENB
STX
STX
Q3 26
$748.0M
Q1 26
$593.0M
Q4 25
$1.5B
$549.0M
Q3 25
$575.2M
Q2 25
$1.7B
$488.0M
Q1 25
$1.7B
$340.0M
Q4 24
$434.4M
$336.0M
Q3 24
$1.0B
$305.0M
Gross Margin
ENB
ENB
STX
STX
Q3 26
46.5%
Q1 26
41.6%
Q4 25
39.4%
Q3 25
Q2 25
37.4%
Q1 25
35.2%
Q4 24
34.9%
Q3 24
32.9%
Operating Margin
ENB
ENB
STX
STX
Q3 26
32.1%
Q1 26
29.8%
Q4 25
34.7%
26.4%
Q3 25
36.9%
Q2 25
35.1%
23.2%
Q1 25
41.7%
20.0%
Q4 24
32.8%
21.0%
Q3 24
38.7%
18.6%
Net Margin
ENB
ENB
STX
STX
Q3 26
24.0%
Q1 26
21.0%
Q4 25
26.2%
20.9%
Q3 25
12.8%
Q2 25
34.9%
20.0%
Q1 25
26.8%
15.7%
Q4 24
8.0%
14.5%
Q3 24
24.3%
14.1%
EPS (diluted)
ENB
ENB
STX
STX
Q3 26
$3.27
Q1 26
$2.60
Q4 25
$2.43
Q3 25
Q2 25
$2.24
Q1 25
$1.57
Q4 24
$1.55
Q3 24
$1.41

Balance Sheet & Financial Strength

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

Metric
ENB
ENB
STX
STX
Cash + ST InvestmentsLiquidity on hand
$798.6M
$1.1B
Total DebtLower is stronger
$72.2B
$3.9B
Stockholders' EquityBook value
$45.5B
Total Assets
$159.5B
$8.9B
Debt / EquityLower = less leverage
1.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENB
ENB
STX
STX
Q3 26
$1.1B
Q1 26
$1.0B
Q4 25
$798.6M
$1.1B
Q3 25
$1.0B
Q2 25
$878.2M
$891.0M
Q1 25
$1.5B
$814.0M
Q4 24
$1.3B
$1.2B
Q3 24
$1.4B
$1.2B
Total Debt
ENB
ENB
STX
STX
Q3 26
$3.9B
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
Stockholders' Equity
ENB
ENB
STX
STX
Q3 26
Q1 26
$459.0M
Q4 25
$45.5B
$-63.0M
Q3 25
$47.6B
Q2 25
$47.8B
$-453.0M
Q1 25
$49.8B
$-829.0M
Q4 24
$48.1B
$-1.1B
Q3 24
$48.0B
$-1.3B
Total Assets
ENB
ENB
STX
STX
Q3 26
$8.9B
Q1 26
$8.7B
Q4 25
$159.5B
$8.4B
Q3 25
$158.4B
Q2 25
$154.5B
$8.0B
Q1 25
$160.6B
$7.6B
Q4 24
$159.9B
$8.0B
Q3 24
$150.2B
$8.0B
Debt / Equity
ENB
ENB
STX
STX
Q3 26
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×

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
STX
STX
Operating Cash FlowLast quarter
$9.0B
$2.4B
Free Cash FlowOCF − Capex
$2.4B
$953.0M
FCF MarginFCF / Revenue
42.0%
30.6%
Capex IntensityCapex / Revenue
114.3%
Cash ConversionOCF / Net Profit
5.96×
3.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENB
ENB
STX
STX
Q3 26
$2.4B
Q1 26
Q4 25
$9.0B
$532.0M
Q3 25
Q2 25
$508.0M
Q1 25
$2.2B
$259.0M
Q4 24
$9.2B
$221.0M
Q3 24
$95.0M
Free Cash Flow
ENB
ENB
STX
STX
Q3 26
$953.0M
Q1 26
Q4 25
$2.4B
$427.0M
Q3 25
Q2 25
$425.0M
Q1 25
$970.9M
$216.0M
Q4 24
$4.3B
$150.0M
Q3 24
$27.0M
FCF Margin
ENB
ENB
STX
STX
Q3 26
30.6%
Q1 26
Q4 25
42.0%
16.2%
Q3 25
Q2 25
17.4%
Q1 25
15.1%
10.0%
Q4 24
79.0%
6.5%
Q3 24
1.2%
Capex Intensity
ENB
ENB
STX
STX
Q3 26
Q1 26
Q4 25
114.3%
4.0%
Q3 25
Q2 25
3.4%
Q1 25
19.6%
2.0%
Q4 24
90.1%
3.1%
Q3 24
3.1%
Cash Conversion
ENB
ENB
STX
STX
Q3 26
3.17×
Q1 26
Q4 25
5.96×
0.97×
Q3 25
Q2 25
1.04×
Q1 25
1.29×
0.76×
Q4 24
21.18×
0.66×
Q3 24
0.31×

Financial Flow Comparison

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

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