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Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin8.5%-0.2pp8.7%+0.4pp8.3%+0.3pp8%+0.3pp7.7%+0.5pp
Operating margin3.3%0.0pp3.2%+0.9pp2.3%+0.7pp1.7%-0.1pp1.8%0.0pp
Net margin0.4%-0.2pp0.6%+0.2pp0.4%+0.1pp0.3%0.0pp0.3%+0.1pp
Efficiency
Asset turnover1.5×0.0×1.5×-0.1×1.6×0.0×1.6×-0.1×1.7×0.0×
Liquidity
Current ratio0.9×0.0×-0.1×0.0×0.0×0.0×
Leverage
Net debt / EBITDA0.9×0.0×0.9×-3.9×4.8×-0.5×5.3×+0.2×5.1×+0.6×
Valuation
Market capitalization$4.81B+26.9%$3.79B+5.0%$3.61B-5.6%$3.82B-9.6%$4.22B+16.4%
Price / earnings24.6×+10.0×14.6×-4.8×19.4×-8.7×28.1×-1.0×29.1×-6.1×
Price / sales0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×
EV / EBITDA2.9×+0.4×2.5×-4.1×6.6×-0.9×7.5×0.0×7.5×+1.0×

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Questions, answered.

What are Plains GP Holdings, L.P.'s profit margins?
Plains GP Holdings, L.P. (PAGP) runs a 8.5% gross margin and a 3.3% operating margin, with a 0.4% net margin.
Where do Plains GP Holdings, L.P.'s ratios come from?
Every ratio is computed from Plains GP Holdings, 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.