Pembina Pipeline (PBA) Return on Capital Employed (2012 - 2025)
Pembina Pipeline (PBA) posted Return on Capital Employed of 8.31% for Q4 2025, up 18.87% sequentially from 6.99% in Q4 2024, and up 132.0% YoY from 3.58% in Q4 2024.
Pembina Pipeline (PBA) Return on Capital Employed (2012 - 2025) Analysis & Trends
Pembina Pipeline has reported Return on Capital Employed for 12 years, with the latest figure at 8.31% in Q4 2025.
- Quarterly Return on Capital Employed rose 132.0% year-over-year to 8.31% in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 8.31% (up 132.0% YoY) and the FY2025 annual result came in at 8.25%, up 103.0% from the prior year.
- Return on Capital Employed rose to 8.31% in Q4 2025 per PBA's latest filing, from 6.99% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 12.82% in Q4 2022 and troughed at 6.48% in Q3 2024.
- A 5-year average of 8.24% and a median of 7.27% in 2021 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2021 and 2023: Return on Capital Employed surged 808 bps in 2021, then sank 353 bps in 2023.
- Over 5 years, Return on Capital Employed stood at 7.27% in 2021, then surged by 76 bps to 12.82% in 2022, then dropped by 28 bps to 9.29% in 2023, then fell by 25 bps to 6.99% in 2024, then grew by 19 bps to 8.31% in 2025.
- According to Business Quant data, Return on Capital Employed over the past three periods registered 8.31%, 6.99%, and 6.48% for Q4 2025, Q4 2024, and Q3 2024 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 7.68% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 5.40% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 12.27% |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 8.43% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | - |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 14.79% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 9.99% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 15.72% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 15.05% |
| 10 | Pembina Pipeline | 28.28 Bn | 28.02 Bn | 674.49 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 8.31% |
| Dec 31, 2024 | 6.99% |
| Sep 30, 2024 | 6.48% |
| Jun 30, 2024 | 6.53% |
| Dec 31, 2023 | 9.29% |
| Dec 31, 2022 | 12.82% |
| Dec 31, 2021 | 7.27% |
| Dec 31, 2020 | -0.81% |
| Dec 31, 2017 | 5.98% |
| Jun 30, 2017 | 16.56% |
| Mar 31, 2017 | 9.37% |
| Dec 31, 2016 | 5.74% |
| Jun 30, 2016 | 5.47% |
| Dec 31, 2015 | 5.86% |
| Mar 31, 2015 | 6.03% |
| Dec 31, 2014 | 6.87% |
| Sep 30, 2014 | 8.06% |
| Jun 30, 2014 | 8.70% |
| Mar 31, 2014 | 8.99% |
| Dec 31, 2013 | 8.26% |