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%-0.2pp	8.7%+0.4pp	8.3%+0.3pp	8%+0.3pp	7.7%+0.5pp
Operating margin	3.3%0.0pp	3.2%+0.9pp	2.3%+0.7pp	1.7%-0.1pp	1.8%0.0pp
Net margin	2.5%-0.7pp	3.2%+0.8pp	2.5%+0.5pp	2%0.0pp	1.9%+0.4pp
EBITDA margin	5.4%0.0pp	5.4%+1.1pp	4.3%+0.7pp	3.6%0.0pp	3.6%0.0pp
Free cash flow margin	4.6%-0.6pp	5.2%+0.2pp	5%+0.2pp	4.8%+0.1pp	4.7%+0.5pp
Returns
Return on equity	8.9%-2.1pp	11%+2.5pp	8.5%+1.7pp	6.9%-0.3pp	7.2%+1.4pp
Return on assets	3.9%-1.2pp	5.1%+1.0pp	4.1%+0.8pp	3.3%-0.2pp	3.5%+0.6pp
Return on invested capital	6.4%+0.1pp	6.2%+1.5pp	4.7%+1.3pp	3.4%-0.2pp	3.7%+0.1pp
Efficiency
Asset turnover	1.5×0.0×	1.6×-0.1×	1.7×-0.1×	1.7×-0.1×	1.8×0.0×
Inventory turnover	137.1×-40.2×	177.3×+4.0×	173.3×+9.6×	163.7×+10.7×	153×-26.0×
Liquidity
Current ratio	0.9×0.0×	1×-0.1×	1×0.0×	1×0.0×	1×0.0×
Quick ratio	0.9×0.0×	0.9×-0.1×	1×0.0×	1×0.0×	0.9×0.0×
Cash ratio	0×0.0×	0.1×-0.2×	0.2×+0.1×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	0.9×0.0×	0.9×+0.1×	0.8×+0.1×	0.7×0.0×	0.7×+0.1×
Debt-to-assets	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	4.8×-0.1×	4.9×+0.2×	4.8×-0.5×	5.2×+0.2×	5.1×+0.6×
Interest coverage	2.5×-0.1×	2.6×+0.5×	2.1×+0.5×	1.6×-0.3×	1.9×-0.1×
Valuation
Market capitalization	$15.75B+24.3%	$12.67B+5.6%	$12B-5.8%	$12.74B-9.5%	$14.08B+17.1%
Enterprise value	$27.58B+12.7%	$24.47B+14.0%	$21.47B-0.8%	$21.63B-6.4%	$23.11B+15.5%
Price / earnings	13.8×+4.9×	8.8×-1.8×	10.6×-3.4×	14×-0.8×	14.8×-0.7×
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×+0.3×	1×0.0×	0.9×-0.1×	1×-0.1×	1.1×+0.2×
EV / EBITDA	11.3×+1.0×	10.2×-0.6×	10.8×-2.0×	12.8×-0.2×	13×+1.9×
EV / sales	0.6×+0.1×	0.6×+0.1×	0.5×0.0×	0.5×0.0×	0.5×+0.1×
Free cash flow yield	13.2%-4.9pp	18.1%-0.9pp	19%+1.5pp	17.5%+1.3pp	16.2%-0.8pp
Earnings yield	7.3%-4.1pp	11.3%+1.9pp	9.4%+2.3pp	7.1%+0.4pp	6.7%+0.3pp
PEG ratio	0.7×+0.6×	0.1×-1.3×	1.4×—	——	——

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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.