Stocks Comparison
Mplx vs Plains All American Pipeline: revenue, profit, margins and growth compared
Mplx brought in $13B of revenue in fiscal 2025, Plains All American Pipeline $44.3B in fiscal 2025. Revenue changed by +8.9% at Mplx and -9.5% at Plains All American Pipeline on the year before, so Mplx grew faster. Mplx kept 37.8% of its revenue as net profit, Plains All American Pipeline 3.2%. Free cash flow was $4.1B at Mplx and $2.3B at Plains All American Pipeline.
Side by side, latest fiscal year
| MPLX | PAA | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $13B | $44.3B |
| Revenue growth | +8.9% | -9.5% |
| Net income | $4.9B | $1.4B |
| Net margin | 37.8% | 3.2% |
| Free cash flow | $4.1B | $2.3B |
| Free cash flow margin | 31.6% | 5.2% |
| Earnings per share (diluted) | n/a | n/a |
| Cash | $2.1B | $328M |
| Debt | $26B | $11.3B |
| Price to earnings | n/a | n/a |
| Market value | $58.5B | $17.2B |
| Dividend yield | n/a | n/a |
| Rank by revenue in sector | #27 of 163 · Energy | #12 of 163 · Energy |
Over the years
Questions about Mplx and Plains All American Pipeline
Which is bigger by revenue, Mplx or Plains All American Pipeline?
Plains All American Pipeline is bigger by revenue: $44.3B in fiscal 2025, against $13B for Mplx in fiscal 2025.
Which keeps more of its revenue as profit, Mplx or Plains All American Pipeline?
Mplx had a net margin of 37.8% in fiscal 2025; Plains All American Pipeline had 3.2% in fiscal 2025.
Which grew revenue faster, Mplx or Plains All American Pipeline?
In their latest fiscal years revenue changed by +8.9% at Mplx and -9.5% at Plains All American Pipeline.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.