Mplx vs Plains GP: revenue, profit, margins and growth compared
Mplx brought in $13B of revenue in fiscal 2025, Plains GP $44.3B in fiscal 2025. Revenue changed by +8.9% at Mplx and -9.5% at Plains GP on the year before, so Mplx grew faster. Mplx kept 37.8% of its revenue as net profit, Plains GP 0.6%. Free cash flow was $4.1B at Mplx and $2.3B at Plains GP.
Fiscal years as each company reports them; the two may end in different months.
Questions about Mplx and Plains GP
Which is bigger by revenue, Mplx or Plains GP?
Plains GP 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 GP?
Mplx had a net margin of 37.8% in fiscal 2025; Plains GP had 0.6% in fiscal 2025.
Which grew revenue faster, Mplx or Plains GP?
In their latest fiscal years revenue changed by +8.9% at Mplx and -9.5% at Plains GP.
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.