Plains All American Pipeline (PAA) Return on Invested Capital [ROIC] (2011 - 2026)
Plains All American Pipeline's Return on Invested Capital [ROIC] came in at 6.78% for Q2 2026, up 3.33 percentage points from 3.45% a year earlier and up 0.25 percentage points from the prior quarter.
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Analysis
Plains All American Pipeline (PAA) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Plains All American Pipeline's Return on Invested Capital [ROIC] was 6.54%, up 2.78 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +17.69 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 3.76% in FY2024 (-1.82 pp), 5.57% in FY2023 (+0.45 pp), 5.13% in FY2022 (+1.45 pp) and 3.68% in FY2021 (+14.83 pp).
- The Q2 2026 figure represents the highest quarterly Return on Invested Capital [ROIC] since Q3 2022.
- Year-over-year, Return on Invested Capital [ROIC] has increased for three consecutive quarters, with an average year-over-year change of +0.49 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Invested Capital [ROIC] over five years came in Q4 2021 (a gain of 15.77 percentage points), and the weakest in Q3 2023 (a drop of 3.09 percentage points).
- Business Quant data shows PAA's Return on Invested Capital [ROIC] at 6.53% (Q1 2026), 6.28% (Q4 2025) and 4.69% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 100.40 Bn | 97.94 Bn | 4.84 Bn | 4.91% |
| 2 | Williams Companies | 86.28 Bn | 85.00 Bn | 2.54 Bn | - |
| 3 | Enterprise Products Partners | 78.15 Bn | 76.58 Bn | - | 12.19% |
| 4 | Energy Transfer | 70.55 Bn | 63.99 Bn | 7.40 Bn | 8.40% |
| 5 | Kinder Morgan | 69.13 Bn | 70.08 Bn | 3.07 Bn | 6.24% |
| 6 | Tc Energy | 61.50 Bn | 64.57 Bn | 2.81 Bn | - |
| 7 | Targa Resources | 60.39 Bn | 60.01 Bn | 2.14 Bn | 13.19% |
| 8 | Mplx | 57.19 Bn | 50.75 Bn | 2.91 Bn | 14.70% |
| 9 | Cheniere Energy | 55.74 Bn | 55.87 Bn | 5.29 Bn | 15.54% |
| 10 | Plains All American Pipeline | 16.76 Bn | 14.02 Bn | 1.14 Bn | 6.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.78% |
| Mar 31, 2026 | 6.53% |
| Dec 31, 2025 | 6.28% |
| Sep 30, 2025 | 4.69% |
| Jun 30, 2025 | 3.45% |
| Mar 31, 2025 | 3.77% |
| Dec 31, 2024 | 3.75% |
| Sep 30, 2024 | 4.69% |
| Jun 30, 2024 | 4.97% |
| Mar 31, 2024 | 5.23% |
| Dec 31, 2023 | 5.60% |
| Sep 30, 2023 | 4.56% |
| Jun 30, 2023 | 5.89% |
| Mar 31, 2023 | 5.94% |
| Dec 31, 2022 | 5.23% |
| Sep 30, 2022 | 7.66% |
| Jun 30, 2022 | 5.17% |
| Mar 31, 2022 | 2.45% |
| Dec 31, 2021 | 3.79% |
| Sep 30, 2021 | 0.99% |
API Access
Plains All American Pipeline Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=PAA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "PAA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=PAA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();