Plains All American Pipeline (PAA) Return on Invested Capital [ROIC] (2009 - 2026)
Plains All American Pipeline's Return on Invested Capital [ROIC] came in at 6.51% for Q2 2026, up 3.07 percentage points from 3.44% a year earlier and up 0.44 percentage points from the prior quarter.
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Analysis
Plains All American Pipeline (PAA) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Plains All American Pipeline's Return on Invested Capital [ROIC] was 6.30%, up 2.55 percentage points from FY2024.
- Return on Invested Capital [ROIC] carries a five-year change of +17.31 percentage points (FY2020 to FY2025).
- Going back by year, Return on Invested Capital [ROIC] was 3.74% in FY2024 (-1.81 pp), 5.56% in FY2023 (+0.45 pp), 5.11% in FY2022 (+1.47 pp) and 3.64% in FY2021 (+14.65 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 +0.38 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 15.57 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 6.07% (Q1 2026), 6.06% (Q4 2025) and 4.68% (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 | 106.26 Bn | 104.14 Bn | 4.35 Bn | 4.91% |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 16.19% |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 12.57% |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 6.34% |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | 10.22% |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 8.84% |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 13.71% |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 15.49% |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 13.59% |
| 10 | Plains All American Pipeline | 17.30 Bn | 18.05 Bn | 1.14 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.51% |
| Mar 31, 2026 | 6.07% |
| Dec 31, 2025 | 6.06% |
| Sep 30, 2025 | 4.68% |
| Jun 30, 2025 | 3.44% |
| Mar 31, 2025 | 3.76% |
| Dec 31, 2024 | 3.73% |
| Sep 30, 2024 | 4.67% |
| Jun 30, 2024 | 4.95% |
| Mar 31, 2024 | 5.21% |
| Dec 31, 2023 | 5.59% |
| Sep 30, 2023 | 4.55% |
| Jun 30, 2023 | 5.87% |
| Mar 31, 2023 | 5.92% |
| Dec 31, 2022 | 5.21% |
| Sep 30, 2022 | 7.64% |
| Jun 30, 2022 | 5.16% |
| Mar 31, 2022 | 2.44% |
| Dec 31, 2021 | 3.77% |
| Sep 30, 2021 | 0.98% |
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();