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FY'25FY'24FY'23FY'22
Profitability
Gross margin32.6%+6.5pp26.1%-5.3pp31.4%+1.8pp29.6%-9.4pp
Operating margin9%+0.3pp8.7%-1.7pp10.5%+1.1pp9.3%+1.2pp
Net margin9.6%+1.4pp8.2%-1.7pp9.9%+3.8pp6.1%+0.5pp
EBITDA margin17%+0.9pp16.1%-2.1pp18.2%+2.2pp16%-1.1pp
Free cash flow margin19.6%+2.2pp17.4%+0.4pp17%+3.7pp13.3%
Returns
Return on equity33.5%+4.5pp29%-9.1pp38.1%+8.9pp29.2%+12.6pp
Return on assets16%+1.6pp14.4%-3.6pp18%+5.4pp12.6%+5.8pp
Return on invested capital18.1%-0.5pp18.5%-4.2pp22.7%+0.5pp22.2%+11.6pp
Efficiency
Asset turnover6.7×-0.3×-0.2×7.3×-0.7×7.9×+2.7×
Inventory turnover667.3×+16.6×650.7×+38.6×612×-118×729.8×+14.6×
Liquidity
Current ratio+0.1×3.9×+0.1×3.9×0.0×3.9×+0.1×
Quick ratio3.8×+0.1×3.7×+0.1×3.7×0.0×3.7×+0.1×
Cash ratio0.5×+0.1×0.4×-0.1×0.4×+0.2×0.2×+0.1×
Leverage
Debt-to-equity3.2×+0.6×2.6×0.0×2.6×-0.4×-1.1×
Debt-to-assets1.5×+0.2×1.3×0.0×1.3×-0.1×1.4×-0.3×
Net debt / EBITDA20×+2.8×17.2×+2.7×14.5×-3.9×18.5×-15.2×
Interest coverage8.2×-2.1×10.3×-3.3×13.6×+1.2×12.5×+6.8×
Valuation
Market capitalization$51.49B+5.0%$49.02B+22.8%$39.92B+32.9%$30.04B+5.7%
Enterprise value$90.67B+10.3%$82.19B+12.0%$73.38B+8.6%$67.56B-3.9%
Price / earnings48.3×-2.5×50.8×+19.0×31.8×-12.1×43.9×-65.2×
Price / sales1.1×+0.1×+0.2×0.8×+0.2×0.6×-0.3×
Price / book+0.3×3.6×+0.7×2.9×+0.6×2.3×-0.5×
EV / EBITDA46.8×+4.1×42.7×+10.7×32×-1.1×33.1×-23.7×
EV / sales+0.2×1.7×+0.3×1.5×+0.2×1.3×-1.0×
Free cash flow yield70.7%+2.7pp68%-19.7pp87.7%-9.0pp96.7%
Earnings yield34.6%+2.6pp32%-19.0pp51%+5.7pp45.3%+20.4pp

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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.