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.

Plains GP Holdings, L.P. PAGP 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	8.5%+0.8pp	8.7%+1.5pp	8.3%+2.3pp	8%+1.8pp	7.7%+1.1pp
Operating margin	3.3%+1.5pp	3.2%+1.5pp	2.3%+0.1pp	1.7%-0.6pp	1.8%-0.7pp
Net margin	0.4%+0.1pp	0.6%+0.4pp	0.4%+0.1pp	0.3%0.0pp	0.3%-0.1pp
EBITDA margin	5.4%+1.8pp	5.4%+1.7pp	4.3%+0.4pp	3.6%-0.5pp	3.6%-0.7pp
Free cash flow margin	4.6%-0.1pp	5.2%+1.0pp	5%-0.1pp	4.8%+0.9pp	4.7%+0.4pp
Returns
Return on assets	0.6%+0.1pp	0.9%+0.5pp	0.6%+0.1pp	0.5%-0.1pp	0.5%-0.1pp
Efficiency
Asset turnover	1.5×-0.2×	1.5×-0.2×	1.6×-0.1×	1.6×0.0×	1.7×+0.1×
Inventory turnover	137.1×-15.9×	177.3×-1.6×	173.3×+18.3×	163.7×+3.6×	153×-3.6×
Liquidity
Current ratio	0.9×-0.1×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Quick ratio	0.9×-0.1×	0.9×0.0×	1×0.0×	1×0.0×	0.9×0.0×
Cash ratio	0×-0.1×	0.1×0.0×	0.2×+0.1×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-assets	0.1×-0.3×	0.1×-0.2×	0.4×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	0.9×-4.2×	0.9×-3.6×	4.8×+0.4×	5.3×+0.9×	5.1×+1.0×
Interest coverage	2.9×+0.8×	3.1×+0.8×	2.5×-0.2×	1.9×-1.0×	2.2×-0.8×
Valuation
Market capitalization	$4.81B+13.8%	$3.79B+4.4%	$3.61B-1.2%	$3.82B+2.9%	$4.22B+17.4%
Enterprise value	$7.09B-46.5%	$5.9B-49.2%	$13.07B+8.8%	$12.7B+4.3%	$13.26B+11.0%
Price / earnings	24.6×-4.5×	14.6×-20.6×	19.4×-2.6×	28.1×+5.2×	29.1×+8.1×
Price / sales	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
EV / EBITDA	2.9×-4.6×	2.5×-4.0×	6.6×+0.2×	7.5×+1.3×	7.5×+1.6×
EV / sales	0.2×-0.1×	0.1×-0.1×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Free cash flow yield	43.2%-10.6pp	60.4%+4.3pp	63%-3.4pp	58.1%+8.4pp	53.8%-2.0pp
Earnings yield	4.1%+0.6pp	6.8%+4.0pp	5.2%+0.6pp	3.6%-0.8pp	3.4%-1.3pp

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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.