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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	33.4%+0.8pp	32.6%+1.5pp	31.2%+2.3pp	28.9%+1.8pp	27.1%+1.1pp
Operating margin	10.5%+1.5pp	9%+1.5pp	7.5%+0.1pp	7.4%-0.6pp	8%-0.7pp
Net margin	10.2%+0.6pp	9.6%+1.7pp	7.9%+0.3pp	7.7%-0.2pp	7.9%-0.4pp
EBITDA margin	18.8%+1.8pp	17%+1.7pp	15.3%+0.4pp	14.9%-0.5pp	15.4%-0.7pp
Free cash flow margin	19.5%-0.1pp	19.6%+1.0pp	18.6%-0.1pp	18.7%+0.9pp	17.8%+0.4pp
Returns
Return on equity	35.3%+1.8pp	33.5%+5.2pp	28.3%+0.8pp	27.5%-0.7pp	28.2%-0.8pp
Return on assets	16.4%+0.4pp	16%+2.2pp	13.8%+0.3pp	13.5%-0.5pp	14%-0.4pp
Return on invested capital	20.8%+2.7pp	18.1%+2.7pp	15.4%-0.1pp	15.4%-1.6pp	17%-1.5pp
Efficiency
Asset turnover	6.5×-0.2×	6.7×-0.3×	7×-0.1×	7.1×-0.1×	7.1×+0.1×
Inventory turnover	651.4×-15.9×	667.3×-1.6×	668.9×+18.3×	650.6×+3.6×	647×-3.6×
Liquidity
Current ratio	3.9×-0.1×	4×0.0×	4×0.0×	4×0.0×	4×0.0×
Quick ratio	3.8×-0.1×	3.8×0.0×	3.8×0.0×	3.8×0.0×	3.8×0.0×
Cash ratio	0.4×-0.1×	0.5×0.0×	0.5×+0.1×	0.4×0.0×	0.4×0.0×
Leverage
Debt-to-equity	3.4×+0.2×	3.2×+0.3×	2.9×+0.2×	2.8×+0.1×	2.7×+0.1×
Debt-to-assets	1.5×0.0×	1.5×+0.1×	1.4×0.0×	1.3×0.0×	1.3×0.0×
Net debt / EBITDA	19.8×-0.2×	20×+0.5×	19.5×+0.4×	19.2×+0.9×	18.2×+1.0×
Interest coverage	8.8×+0.6×	8.2×+0.6×	7.6×-0.5×	8×-1.1×	9.2×-1.1×
Valuation
Market capitalization	$53.17B+3.3%	$51.49B+1.3%	$50.84B-0.3%	$51.01B+0.4%	$50.79B+3.6%
Enterprise value	$95.14B+4.9%	$90.67B+5.2%	$86.21B+1.1%	$85.29B+0.8%	$84.65B+3.0%
Price / earnings	47.2×-1.1×	48.3×-6.7×	55×-1.0×	56×+1.9×	54.2×+3.4×
Price / sales	1.2×+0.1×	1.1×0.0×	1.1×0.0×	1.1×0.0×	1×0.0×
Price / book	4.1×+0.1×	4×+0.1×	3.9×0.0×	3.9×+0.1×	3.8×+0.2×
EV / EBITDA	45.1×-1.7×	46.8×-0.9×	47.7×0.0×	47.7×+2.1×	45.6×+2.9×
EV / sales	2.1×+0.1×	2×+0.1×	1.8×0.0×	1.8×0.0×	1.7×0.0×
Free cash flow yield	67.7%-3.0pp	70.7%+1.1pp	69.6%-1.0pp	70.6%+2.7pp	67.9%-0.2pp
Earnings yield	35.2%+0.5pp	34.6%+4.9pp	29.7%+0.8pp	28.9%-1.1pp	30%-2.0pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Plains All American Pipeline, L.P..

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.