15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $44.3B | $1.8B | 8.7% | 3.2% | $2.3B | $1.1B | $329M |
| 2024 | $48.9B | $1.1B | 7.6% | 1.8% | $2.0B | — | $349M |
| 2023 | $47.3B | $1.5B | 7.2% | 2.6% | $2.3B | — | $453M |
| 2022 | $57.3B | $1.2B | 7.3% | 2.2% | $1.9B | — | $404M |
| 2021 | $42.1B | $648M | 8.5% | 2.0% | $1.7B | — | $452M |
| 2020 | $23.3B | -$568M | 12.3% | -10.2% | $772M | — | $25M |
| 2019 | $33.7B | $331M | 12.5% | 5.9% | $1.3B | — | $47M |
| 2018 | $34.1B | $334M | 12.5% | 6.7% | $970M | — | $69M |
| 2017 | $26.2B | -$731M | 12.3% | 4.4% | $1.5B | — | $40M |
| 2016 | $20.2B | $94M | 14.6% | 4.9% | -$616M | — | $50M |
| 2015 | $23.2B | $118M | 14.8% | 5.4% | -$732M | — | $30M |
| 2014 | $43.5B | $70M | 5.3% | 4.1% | — | — | $404M |
| 2013 | $42.2B | $15M | 5.1% | 4.1% | — | — | $43M |
| 2012 | $37.8B | $3M | 5.1% | 3.8% | — | — | $25M |
| 2011 | $34.3B | $2M | 4.6% | 3.8% | — | — | $27M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $12.5B | $20M | 7.8% | 3.2% | $288M | $1.1B | $172M |
| Dec '25 | $10.6B | $62M | 9.4% | 3.4% | $636M | $1.1B | $329M |
| Sep '25 | $11.6B | $83M | 8.6% | 4.2% | $632M | — | $1.2B |
| Jun '25 | $10.6B | $30M | 8.3% | 2.2% | $573M | — | $460M |
| Mar '25 | $11.5B | $84M | 8.4% | 3.1% | $498M | — | $429M |
| Dec '24 | $12.0B | -$11M | 8.0% | -0.1% | $620M | — | $349M |
| Sep '24 | $12.5B | $33M | 7.4% | 1.6% | $579M | — | $641M |
| Jun '24 | $12.8B | $39M | 7.2% | 2.6% | $576M | — | $556M |
| Mar '24 | $12.0B | $42M | 9.0% | 3.1% | $261M | — | $334M |
| Dec '23 | $12.7B | $52M | 9.0% | 3.3% | $855M | — | $453M |
| Sep '23 | $12.1B | $29M | 8.0% | 1.9% | -$54M | — | $262M |
| Jun '23 | $11.6B | $48M | 9.1% | 3.2% | $742M | — | $936M |
| Mar '23 | $12.3B | $69M | 8.2% | 3.8% | $620M | — | $529M |
| Dec '22 | $13.0B | $44M | 7.4% | -0.3% | $191M | — | $404M |
| Sep '22 | $14.3B | $71M | 8.8% | 4.4% | $819M | — | $625M |
| Jun '22 | $16.4B | $31M | 6.3% | 2.5% | $701M | — | $270M |
| Mar '22 | $13.7B | $22M | 6.6% | 2.1% | $238M | — | $117M |
| Dec '21 | $13.0B | $84M | 9.5% | 4.6% | $554M | — | $452M |
| Sep '21 | $10.8B | -$24M | 6.5% | -0.4% | $260M | — | $194M |
| Jun '21 | $9.9B | -$69M | 6.6% | -2.4% | $149M | — | $26M |
How the market has priced PAGP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Plains Gp Holdings Lp's revenue has grown 13.7% per year. These are computed facts, not advice.
As of FY2025, Plains Gp Holdings Lp reported $1.1B of total debt against $329M of cash; operating income covered interest expense 3.1×.
In FY2025, gross margin was 8.7%, operating margin 3.2%, and net margin 4.0%.
As of Jun '26, Plains Gp Holdings Lp traded at a price-to-earnings ratio of about 2.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.