KPIs & Operating Metrics(New)
Growth Metrics

Plains Gp Holdings (PAGP) Operating Margin (2016 - 2026)

Plains Gp Holdings has reported Operating Margin over the past 14 years, most recently at 3.35% for Q4 2025.

  • Quarterly Operating Margin rose 349.0% to 3.35% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 3.22% through Dec 2025, up 146.0% year-over-year, with the annual reading at 3.23% for FY2025, 146.0% up from the prior year.
  • Operating Margin was 3.35% for Q4 2025 at Plains Gp Holdings, down from 4.17% in the prior quarter.
  • Over five years, Operating Margin peaked at 6.25% in Q1 2021 and troughed at 2.41% in Q2 2021.
  • The 5-year median for Operating Margin is 2.54% (2022), against an average of 2.35%.
  • The largest YoY upside for Operating Margin was 3981bps in 2021 against a maximum downside of -886bps in 2021.
  • A 5-year view of Operating Margin shows it stood at 4.59% in 2021, then tumbled by -107bps to 0.31% in 2022, then surged by 589bps to 1.51% in 2023, then plummeted by -109bps to 0.14% in 2024, then soared by 2472bps to 3.35% in 2025.
  • Per Business Quant, the three most recent readings for PAGP's Operating Margin are 3.35% (Q4 2025), 4.17% (Q3 2025), and 2.23% (Q2 2025).