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

ENBRIDGE INC is the larger business by last-quarter revenue ($5.7B vs $3.7B, roughly 1.6× Viatris). On growth, ENBRIDGE INC posted the faster year-over-year revenue change (5.3% vs 5.0%). ENBRIDGE INC produced more free cash flow last quarter ($2.4B vs $619.3M). Over the past eight quarters, ENBRIDGE INC's revenue compounded faster (7.6% CAGR vs 0.5%).

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...

Viatris Inc. is an American global pharmaceutical and healthcare corporation headquartered in Canonsburg, Pennsylvania. The corporation was formed through the merger of Mylan and Upjohn, a legacy division of Pfizer, on November 16, 2020.

ENB vs VTRS — Head-to-Head

Bigger by revenue
ENB
ENB
1.6× larger
ENB
$5.7B
$3.7B
VTRS
Growing faster (revenue YoY)
ENB
ENB
+0.4% gap
ENB
5.3%
5.0%
VTRS
More free cash flow
ENB
ENB
$1.8B more FCF
ENB
$2.4B
$619.3M
VTRS
Faster 2-yr revenue CAGR
ENB
ENB
Annualised
ENB
7.6%
0.5%
VTRS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ENB
ENB
VTRS
VTRS
Revenue
$5.7B
$3.7B
Net Profit
$1.5B
Gross Margin
31.1%
Operating Margin
34.7%
-5.2%
Net Margin
26.2%
Revenue YoY
5.3%
5.0%
Net Profit YoY
246.2%
EPS (diluted)
$-0.34

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
VTRS
VTRS
Q4 25
$5.7B
$3.7B
Q3 25
$4.5B
$3.7B
Q2 25
$4.8B
$3.6B
Q1 25
$6.4B
$3.2B
Q4 24
$5.4B
$3.5B
Q3 24
$4.2B
$3.7B
Q2 24
$4.3B
$3.8B
Q1 24
$4.9B
$3.7B
Net Profit
ENB
ENB
VTRS
VTRS
Q4 25
$1.5B
Q3 25
$575.2M
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$434.4M
Q3 24
$1.0B
Q2 24
$1.4B
Q1 24
$1.1B
Gross Margin
ENB
ENB
VTRS
VTRS
Q4 25
31.1%
Q3 25
36.6%
Q2 25
37.3%
Q1 25
35.8%
Q4 24
34.6%
Q3 24
39.0%
Q2 24
7.5%
38.2%
Q1 24
26.2%
41.2%
Operating Margin
ENB
ENB
VTRS
VTRS
Q4 25
34.7%
-5.2%
Q3 25
36.9%
4.8%
Q2 25
35.1%
6.5%
Q1 25
41.7%
-88.9%
Q4 24
32.8%
-5.1%
Q3 24
38.7%
6.0%
Q2 24
38.3%
-6.3%
Q1 24
40.0%
5.6%
Net Margin
ENB
ENB
VTRS
VTRS
Q4 25
26.2%
Q3 25
12.8%
Q2 25
34.9%
Q1 25
26.8%
Q4 24
8.0%
Q3 24
24.3%
Q2 24
32.8%
Q1 24
22.3%
EPS (diluted)
ENB
ENB
VTRS
VTRS
Q4 25
$-0.34
Q3 25
$-0.11
Q2 25
$0.00
Q1 25
$-2.55
Q4 24
$-0.43
Q3 24
$0.08
Q2 24
$-0.27
Q1 24
$0.09

Balance Sheet & Financial Strength

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

Metric
ENB
ENB
VTRS
VTRS
Cash + ST InvestmentsLiquidity on hand
$798.6M
$1.3B
Total DebtLower is stronger
$72.2B
Stockholders' EquityBook value
$45.5B
$14.7B
Total Assets
$159.5B
$37.2B
Debt / EquityLower = less leverage
1.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ENB
ENB
VTRS
VTRS
Q4 25
$798.6M
$1.3B
Q3 25
$1.0B
$975.3M
Q2 25
$878.2M
$566.4M
Q1 25
$1.5B
$755.0M
Q4 24
$1.3B
$734.8M
Q3 24
$1.4B
$1.9B
Q2 24
$2.6B
$917.2M
Q1 24
$886.2M
$1.0B
Total Debt
ENB
ENB
VTRS
VTRS
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
Q1 24
$59.4B
Stockholders' Equity
ENB
ENB
VTRS
VTRS
Q4 25
$45.5B
$14.7B
Q3 25
$47.6B
$15.2B
Q2 25
$47.8B
$15.6B
Q1 25
$49.8B
$15.7B
Q4 24
$48.1B
$18.6B
Q3 24
$48.0B
$19.8B
Q2 24
$49.1B
$19.5B
Q1 24
$46.9B
$20.0B
Total Assets
ENB
ENB
VTRS
VTRS
Q4 25
$159.5B
$37.2B
Q3 25
$158.4B
$37.9B
Q2 25
$154.5B
$38.4B
Q1 25
$160.6B
$38.5B
Q4 24
$159.9B
$41.5B
Q3 24
$150.2B
$44.8B
Q2 24
$146.9B
$45.3B
Q1 24
$139.2B
$47.3B
Debt / Equity
ENB
ENB
VTRS
VTRS
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×
Q1 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
VTRS
VTRS
Operating Cash FlowLast quarter
$9.0B
$815.8M
Free Cash FlowOCF − Capex
$2.4B
$619.3M
FCF MarginFCF / Revenue
42.0%
16.8%
Capex IntensityCapex / Revenue
114.3%
5.3%
Cash ConversionOCF / Net Profit
5.96×
TTM Free Cash FlowTrailing 4 quarters
$1.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ENB
ENB
VTRS
VTRS
Q4 25
$9.0B
$815.8M
Q3 25
$744.9M
Q2 25
$219.7M
Q1 25
$2.2B
$535.5M
Q4 24
$9.2B
$482.7M
Q3 24
$826.5M
Q2 24
$379.1M
Q1 24
$2.3B
$614.6M
Free Cash Flow
ENB
ENB
VTRS
VTRS
Q4 25
$2.4B
$619.3M
Q3 25
$658.1M
Q2 25
$166.8M
Q1 25
$970.9M
$492.9M
Q4 24
$4.3B
$342.3M
Q3 24
$749.5M
Q2 24
$320.3M
Q1 24
$1.4B
$564.8M
FCF Margin
ENB
ENB
VTRS
VTRS
Q4 25
42.0%
16.8%
Q3 25
17.6%
Q2 25
4.7%
Q1 25
15.1%
15.2%
Q4 24
79.0%
9.7%
Q3 24
20.1%
Q2 24
8.5%
Q1 24
29.0%
15.5%
Capex Intensity
ENB
ENB
VTRS
VTRS
Q4 25
114.3%
5.3%
Q3 25
2.3%
Q2 25
1.5%
Q1 25
19.6%
1.3%
Q4 24
90.1%
4.0%
Q3 24
2.1%
Q2 24
1.6%
Q1 24
17.5%
1.4%
Cash Conversion
ENB
ENB
VTRS
VTRS
Q4 25
5.96×
Q3 25
Q2 25
Q1 25
1.29×
Q4 24
21.18×
Q3 24
Q2 24
Q1 24
2.08×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ENB
ENB

Segment breakdown not available.

VTRS
VTRS

Brands$1.2B32%
Generics$1.1B29%
Lipitor$377.3M10%
Norvasc$175.2M5%
Other$136.6M4%
Lyrica$119.8M3%
Viagra$104.2M3%
Creon$98.9M3%
Epi Pen Auto Injectors$79.0M2%
Yupelri$70.6M2%
Effexor$68.1M2%
Zoloft$66.8M2%
Celebrex$66.2M2%
Xalabrands$42.0M1%
Dymista$38.6M1%

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