SuperworthPlains All American Pipeline profit margin PAA
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 5.3%
- Operating margin, 12 months
- 3.1%
- Net margin on a year earlier
- +3.3 pts
- Peer median
- 27.3%
Over the twelve months to Jun 30, 2026, Plains All American Pipeline kept 5.3% of its revenue as net profit, with an operating margin of 3.1% and a gross margin of 7.8%.
Five years earlier its net margin was 1.1%.
The median for 10 oil and gas pipeline stocks of a similar size is 27.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 3.2% | 3.2% | 8.7% |
| FY2024 | 1.6% | 1.8% | 8.4% |
| FY2023 | 2.5% | 3.1% | 8.6% |
| FY2022 | 1.8% | 2.3% | 7.3% |
| FY2021 | 1.4% | 2.0% | 8.5% |
| FY2020 | −11.1% | −10.2% | 12.3% |
| FY2019 | 6.4% | 5.9% | 12.5% |
| FY2018 | 6.5% | 6.7% | 12.5% |
| FY2017 | 3.3% | 4.4% | 12.3% |
| FY2016 | 3.6% | 4.9% | 14.6% |
| FY2015 | 3.9% | 5.5% | 14.8% |
| FY2014 | 3.2% | 4.1% | n/a |
| FY2013 | 3.2% | 4.1% | n/a |
| FY2012 | 2.9% | 3.8% | n/a |
| FY2011 | 2.8% | 3.8% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 5.3% | +3.3 pts | 3.1% | |
| Q1 FY26 | 2.5% | +0.6 pts | 3.3% | |
| Q4 FY25 | 3.2% | +1.7 pts | 3.2% | |
| Q3 FY25 | 2.5% | +0.4 pts | 2.3% | |
| Q2 FY25 | 2.0% | −0.1 pts | 1.7% | |
| Q1 FY25 | 1.9% | −0.3 pts | 1.8% | |
| Q4 FY24 | 1.6% | −0.9 pts | 1.8% | |
| Q3 FY24 | 2.1% | −0.3 pts | 2.6% | |
| Q2 FY24 | 2.1% | −0.6 pts | 2.7% | |
| Q1 FY24 | 2.2% | −0.0 pts | 2.9% | |
| Q4 FY23 | 2.5% | +0.7 pts | 3.1% | |
| Q3 FY23 | 2.4% | +0.3 pts | 2.1% |
Against its peers
Companies in Oil & Gas Midstream nearest Plains All American Pipeline's size, closest first, today.
| Company | Profit margin |
|---|---|
| PAAPlains All American Pipeline | 5.3% |
| WESWestern Midstream Partners | 29.6% |
| DTMDT Midstream | 35.7% |
| CQPCheniere Energy Partners | 27.3% |
| VGVenture Global | 22.3% |
| AMAntero Midstream | 30.4% |
| KNTKKinetik | 10.4% |
| SWXSouthwest Gas | 29.8% |
| MPLXMPLX Lp | n/m |
| OKEONEOK | 9.3% |
| LNGCheniere Energy | 13.6% |
| Peer median | 27.3% |
Where Plains All American Pipeline ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Plains All American Pipeline
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.