Plains All American Pipeline (PAA) Return on Capital Employed (2009 - 2026)
Plains All American Pipeline's (PAA) quarterly Return on Capital Employed came in at 6.09% in Q1 2026, up 216.0% year-on-year from 1.93% in Q1 2025, and up 2.76% quarter-over-quarter from 5.92% in Q4 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.
- On a quarterly basis, Return on Capital Employed rose 216.0% year-over-year to 6.09% in Q1 2026; TTM through Mar 2026 was 6.09%, a 216.0% increase from a year earlier, with the FY2025 full-year figure at 6.12%, up 218.0% from the prior year.
- Return on Capital Employed advanced to 6.09% in Q1 2026 per PAA's latest filing, from 5.92% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 8.45% in Q3 2022 and bottomed at 2.94% in Q1 2022.
- The 5-year median for Return on Capital Employed is 5.14% (2024), against an average of 5.25%.
- Across the five-year window, Return on Capital Employed surged 748 bps in 2022 and tumbled 362 bps in 2023, its largest moves.
- Year by year, Return on Capital Employed 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.
- Per Business Quant, the three latest PAA Return on Capital Employed figures stand at 6.09% (Q1 2026), 5.92% (Q4 2025), and 4.77% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 22.21% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 14.37% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 7.68% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 5.26% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 11.93% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | - |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 7.59% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 15.97% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 9.98% |
| 10 | Plains All American Pipeline | 17.42 Bn | 17.25 Bn | 977.00 Mn | 6.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |