Plains All American Pipeline (PAA) Return on Capital Employed (2009 - 2026)

Plains All American Pipeline (PAA) recorded quarterly Return on Capital Employed of 6.09% in Q1 2026, up 2.76% quarter-over-quarter from 5.92% in Q4 2025, and up 216.0% on a YoY basis from 1.93% in Q1 2025.

Plains All American Pipeline (PAA) Return on Capital Employed (2009 - 2026) Analysis & Trends

Plains All American Pipeline's Return on Capital Employed history runs 18 years deep, the most recent figure standing at 6.09% for Q1 2026.

  • In Q1 2026, Return on Capital Employed rose 216.0% year-over-year to 6.09%; the TTM figure through Mar 2026 stood at 6.09% (up 216.0% YoY), while the FY2025 annual figure was 6.12%, up 218.0% from the prior year.
  • Return on Capital Employed was 6.09% for Q1 2026 at Plains All American Pipeline, up from 5.92% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 8.45% in Q3 2022 to a low of 2.94% in Q1 2022.
  • Historically, Return on Capital Employed has averaged 5.25% across 5 years, with a median of 5.14% in 2024.
  • The sharpest annual moves came in 2022 and 2023: Return on Capital Employed soared 748 bps in 2022, then tumbled 362 bps in 2023.
  • A 5-year view of Return on Capital Employed shows it stood at 5.93% in 2022, then decreased by 6 bps to 5.58% in 2023, then slipped by 29 bps to 3.96% in 2024, then soared by 50 bps to 5.92% in 2025, then advanced by 3 bps to 6.09% in 2026.
  • The last three Return on Capital Employed figures came in at 6.09% (Q1 2026), 5.92% (Q4 2025), and 4.77% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 5.26%
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 11.93%
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 7.42%
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 7.59%
5 Scorpio Tankers 59.17 Bn 58.19 Bn - 13.21%
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 14.56%
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 3.63%
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 9.98%
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn -
10 Plains All American Pipeline 15.89 Bn 15.72 Bn 977.00 Mn 6.09%

Historic Data

Download Data
DateValue
Mar 31, 2026 6.09%
Dec 31, 2025 5.92%
Sep 30, 2025 4.77%
Jun 30, 2025 3.46%
Mar 31, 2025 3.92%
Dec 31, 2024 3.96%
Sep 30, 2024 4.77%
Jun 30, 2024 4.98%
Mar 31, 2024 5.14%
Dec 31, 2023 5.58%
Sep 30, 2023 4.82%
Jun 30, 2023 6.39%
Mar 31, 2023 6.60%
Dec 31, 2022 5.93%
Sep 30, 2022 8.45%
Jun 30, 2022 5.53%
Mar 31, 2022 2.94%
Dec 31, 2021 4.22%
Sep 30, 2021 0.96%
Jun 30, 2021 2.49%