Plains All American Pipeline Lp
PAA Nasdaq· Pipe Lines (No Natural Gas)
Last close · Oct 27, 2026
$26.41
KIRA · Stoqly’s AI analyst, in plain words
- Plains All American Pipeline Lp had $44.3B of revenue in fiscal 2025, down 9.5% on the year before. Over five years, revenue changed +13.7% a year on average.
- Its operating margin was 3.2%, up 1.5 pts: of every 100 in sales, about 3 is left after running the business.
- Plains All American Pipeline Lp made $1.4B of net profit in fiscal 2025.
- Free cash flow was $2.3B in fiscal 2025, 5.2% of revenue.
- Plains All American Pipeline Lp returned $8.0M to shareholders in fiscal 2025, 0% of free cash flow.
- Plains All American Pipeline Lp owes $11.0B more than it holds in cash, about 4.6 years of operating profit.
Market cap
—
P/E
—
Revenue
$44.3B
Net income
$1.4B
Free cash flow
$2.3B
Operating margin
3.2%
Plains All American Pipeline Lp in 30 seconds · fiscal 2025
Are sales growing?
−9.5%
No. Sales fell 9.5% last year.
Does it make a profit?
3.2%
A little. It keeps 3.2% of every sale as profit.
Does profit turn into cash?
5.2%
Partly. 5.2% of sales ends up as free cash.
Is debt under control?
4.6x
Heavy. Repaying its debt would take 4.6 years of operating profit.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
What Plains All American Pipeline Lp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Legal name
- PLAINS ALL AMERICAN PIPELINE LP
- CIK
- 0001070423
Plains All American Pipeline Lp · PAA
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $42.1B | $57.3B | $47.3B | $48.9B | $44.3B |
| Revenue growth | 80.7% | 36.3% | −17.4% | 3.3% | −9.5% |
| Gross margin | 8.5% | 7.3% | 7.2% | 7.6% | 8.7% |
| Operating margin | 2.0% | 2.3% | 2.7% | 1.8% | 3.2% |
| Net income | $593M | $1.0B | $1.2B | $772M | $1.4B |
| Net margin | 1.4% | 1.8% | 2.6% | 1.6% | 3.2% |
| Cash | |||||
| Cash from operations | $2.0B | $2.4B | $2.7B | $2.5B | $2.9B |
| Capital expenditure | $336M | $455M | $408M | $448M | $643M |
| Free cash flow | $1.7B | $2.0B | $2.3B | $2.0B | $2.3B |
| FCF margin | 3.9% | 3.4% | 4.9% | 4.2% | 5.2% |
| Share buybacks | $178M | $74.0M | $0.0M | $0.0M | $8.0M |
| Debt and strength | |||||
| Cash and short-term investments | $449M | $401M | $450M | $348M | $328M |
| Debt incl. finance leases | $9.3B | $8.5B | $7.8B | $7.7B | $11.3B |
| Net debt / EBITDA | 5.4x | 3.6x | 3.4x | 4.2x | 4.6x |
| Current ratio | 1.0x | 0.9x | 1.0x | 1.0x | 1.0x |
| Interest coverage | 2.0x | 3.2x | 3.3x | 2.0x | 2.6x |
| Returns and quality | |||||
| Piotroski F-score | 7 | 6 | 6 | 5 | 5 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.1M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Plains All American Pipeline Lp · PAA
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $26.41 a share, the company is worth —.
Source: SEC EDGAR XBRL filings (CIK 0001070423). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.