What are Plains All American Pipeline, L.P.'s profit margins?

Plains All American Pipeline, L.P. (PAA) runs a 8.5% gross margin and a 3.3% operating margin, with a 2.5% net margin.

Where do Plains All American Pipeline, L.P.'s ratios come from?

Every ratio is computed from Plains All American Pipeline, L.P.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Plains All American Pipeline, L.P. PAA Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	8.5%+0.8pp	8.7%+1.5pp	8.3%+2.3pp	8%+1.8pp	7.7%+1.1pp
Operating margin	3.3%+1.5pp	3.2%+1.5pp	2.3%+0.1pp	1.7%-0.6pp	1.8%-0.7pp
Net margin	2.5%+0.6pp	3.2%+1.7pp	2.5%+0.3pp	2%-0.2pp	1.9%-0.4pp
Returns
Return on equity	8.9%+1.8pp	11%+5.2pp	8.5%+0.8pp	6.9%-0.7pp	7.2%-0.8pp
Return on invested capital	6.4%+2.7pp	6.2%+2.7pp	4.7%-0.1pp	3.4%-1.6pp	3.7%-1.5pp
Efficiency
Asset turnover	1.5×-0.2×	1.6×-0.3×	1.7×-0.1×	1.7×-0.1×	1.8×+0.1×
Liquidity
Current ratio	0.9×-0.1×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Leverage
Debt-to-equity	0.9×+0.2×	0.9×+0.3×	0.8×+0.2×	0.7×+0.1×	0.7×+0.1×
Net debt / EBITDA	4.8×-0.2×	4.9×+0.5×	4.8×+0.4×	5.2×+0.9×	5.1×+1.0×
Valuation
Market capitalization	$15.75B+11.9%	$12.67B+5.4%	$12B-1.5%	$12.74B+1.8%	$14.08B+14.3%
Price / earnings	13.8×-1.1×	8.8×-6.7×	10.6×-1.0×	14×+1.9×	14.8×+3.4×
Price / sales	0.3×+0.1×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Price / book	1.2×+0.1×	1×+0.1×	0.9×0.0×	1×+0.1×	1.1×+0.2×
EV / EBITDA	11.3×-1.7×	10.2×-0.9×	10.8×0.0×	12.8×+2.1×	13×+2.9×

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Questions, answered.

What are Plains All American Pipeline, L.P.'s profit margins?: Plains All American Pipeline, L.P. (PAA) runs a 8.5% gross margin and a 3.3% operating margin, with a 2.5% net margin.
Where do Plains All American Pipeline, L.P.'s ratios come from?: Every ratio is computed from Plains All American Pipeline, L.P.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.