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Plains GP vs TotalEnergies: revenue, profit, margins and growth compared

Plains GP brought in $44.3B of revenue in fiscal 2025, TotalEnergies $201.2B in fiscal 2025. Revenue changed by -9.5% at Plains GP and -6.2% at TotalEnergies on the year before, so TotalEnergies grew faster. Plains GP kept 0.6% of its revenue as net profit, TotalEnergies 6.5%.

Side by side, latest fiscal year

PAGPTTE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$44.3B$201.2B
Revenue growth-9.5%-6.2%
Net income$260M$13.1B
Net margin0.6%6.5%
Free cash flow$2.3Bn/a
Free cash flow margin5.2%n/a
Earnings per share (diluted)n/a$5.78
Cash$329M$26.2B
Debt$1.1Bn/a
Price to earningsn/an/a
Market value$5.3B$198.4B
Dividend yieldn/an/a
Rank by revenue in sector#8 of 129 · Energy#1 of 129 · Energy

Over the years

Revenue
PAGP FY2018: $34.1BPAGP FY2019: $33.7BPAGP FY2020: $23.3BPAGP FY2021: $42.1BPAGP FY2022: $57.3BPAGP FY2023: $47.3BPAGP FY2024: $48.9BPAGP FY2025: $44.3BTTE FY2018: $209.4BTTE FY2019: $200.3BTTE FY2020: $140.7BTTE FY2021: $205.9BTTE FY2022: $281BTTE FY2023: $237.1BTTE FY2024: $214.6BTTE FY2025: $201.2BFY18FY19FY20FY21FY22FY23FY24FY25
PAGP $44.3BTTE $201.2B
Net income
PAGP FY2018: $334MPAGP FY2019: $331MPAGP FY2020: -$568MPAGP FY2021: $60MPAGP FY2022: $168MPAGP FY2023: $198MPAGP FY2024: $103MPAGP FY2025: $260MTTE FY2018: $11.4BTTE FY2019: $11.3BTTE FY2020: -$7.2BTTE FY2021: $16BTTE FY2022: $20.5BTTE FY2023: $21.4BTTE FY2024: $15.8BTTE FY2025: $13.1BFY18FY19FY20FY21FY22FY23FY24FY25
PAGP $260MTTE $13.1B
Net margin
PAGP FY2018: 1.0%PAGP FY2019: 1.0%PAGP FY2020: -2.4%PAGP FY2021: 0.1%PAGP FY2022: 0.3%PAGP FY2023: 0.4%PAGP FY2024: 0.2%PAGP FY2025: 0.6%TTE FY2018: 5.5%TTE FY2019: 5.6%TTE FY2020: -5.1%TTE FY2021: 7.8%TTE FY2022: 7.3%TTE FY2023: 9.0%TTE FY2024: 7.3%TTE FY2025: 6.5%FY18FY19FY20FY21FY22FY23FY24FY25
PAGP 0.6%TTE 6.5%
Revenue growth
PAGP FY2019: -1.1%PAGP FY2020: -30.8%PAGP FY2021: +80.7%PAGP FY2022: +36.3%PAGP FY2023: -17.4%PAGP FY2024: +3.3%PAGP FY2025: -9.5%TTE FY2019: -4.3%TTE FY2020: -29.8%TTE FY2021: +46.3%TTE FY2022: +36.5%TTE FY2023: -15.6%TTE FY2024: -9.5%TTE FY2025: -6.2%FY19FY20FY21FY22FY23FY24FY25
PAGP -9.5%TTE -6.2%
Free cash flow
PAGP FY2018: $970MPAGP FY2019: $1.3BPAGP FY2020: $772MPAGP FY2021: $1.7BPAGP FY2022: $1.9BPAGP FY2023: $2.3BPAGP FY2024: $2BPAGP FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
PAGP $2.3BTTE

Fiscal years as each company reports them; the two may end in different months.

Questions about Plains GP and TotalEnergies

Which is bigger by revenue, Plains GP or TotalEnergies?

TotalEnergies is bigger by revenue: $201.2B in fiscal 2025, against $44.3B for Plains GP in fiscal 2025.

Which keeps more of its revenue as profit, Plains GP or TotalEnergies?

Plains GP had a net margin of 0.6% in fiscal 2025; TotalEnergies had 6.5% in fiscal 2025.

Which grew revenue faster, Plains GP or TotalEnergies?

In their latest fiscal years revenue changed by -9.5% at Plains GP and -6.2% at TotalEnergies.

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.

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