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%+6.3pp	32.6%+6.5pp	31.2%+5.1pp	28.9%+0.7pp	27.1%-3.2pp
Operating margin	10.5%+2.5pp	9%+0.3pp	7.5%-2.0pp	7.4%-2.2pp	8%-2.2pp
Net margin	10.2%+2.3pp	9.6%+1.4pp	7.9%-1.3pp	7.7%-1.8pp	7.9%-2.1pp
Returns
Return on equity	35.3%+7.0pp	33.5%+4.5pp	28.3%-4.0pp	27.5%-6.1pp	28.2%-8.1pp
Return on invested capital	20.8%+3.7pp	18.1%-0.5pp	15.4%-5.2pp	15.4%-4.9pp	17%-4.7pp
Efficiency
Asset turnover	6.5×-0.7×	6.7×-0.3×	7×0.0×	7.1×+0.1×	7.1×+0.1×
Liquidity
Current ratio	3.9×0.0×	4×+0.1×	4×+0.1×	4×+0.1×	4×+0.1×
Leverage
Debt-to-equity	3.4×+0.7×	3.2×+0.6×	2.9×+0.3×	2.8×+0.2×	2.7×+0.1×
Net debt / EBITDA	19.8×+1.5×	20×+2.8×	19.5×+3.0×	19.2×+2.9×	18.2×+3.0×
Valuation
Market capitalization	$53.17B+4.7%	$51.49B+5.0%	$50.84B+6.7%	$51.01B+10.5%	$50.79B+16.7%
Price / earnings	47.2×-6.9×	48.3×-2.5×	55×+11.2×	56×+14.7×	54.2×+17.7×
Price / sales	1.2×+0.1×	1.1×+0.1×	1.1×+0.1×	1.1×+0.1×	1×+0.1×
Price / book	4.1×+0.3×	4×+0.3×	3.9×+0.4×	3.9×+0.5×	3.8×+0.6×
EV / EBITDA	45.1×-0.5×	46.8×+4.1×	47.7×+7.4×	47.7×+9.1×	45.6×+10.4×

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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.