KPIs & Operating Metrics(New)
Growth Metrics

Plains All American Pipeline (PAA) Gross Margin (2016 - 2026)

Plains All American Pipeline has reported Gross Margin over the past 17 years, most recently at 9.41% for Q4 2025.

  • For Q4 2025, Gross Margin rose 144.0% year-over-year to 9.41%; the TTM value through Dec 2025 reached 8.1%, up 91.0%, while the annual FY2025 figure was 8.65%, 103.0% up from the prior year.
  • Gross Margin for Q4 2025 was 9.41% at Plains All American Pipeline, up from 8.58% in the prior quarter.
  • Over five years, Gross Margin peaked at 11.82% in Q1 2021 and troughed at 3.15% in Q4 2023.
  • A 5-year average of 7.67% and a median of 7.68% in 2022 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: tumbled -1513bps in 2021 and later skyrocketed 482bps in 2024.
  • Year by year, Gross Margin stood at 9.45% in 2021, then decreased by -22bps to 7.39% in 2022, then crashed by -57bps to 3.15% in 2023, then soared by 153bps to 7.97% in 2024, then grew by 18bps to 9.41% in 2025.
  • Business Quant data shows Gross Margin for PAA at 9.41% in Q4 2025, 8.58% in Q3 2025, and 8.31% in Q2 2025.