PLAINS GP HOLDINGS LP Operating Margin History
PAGP / Energy|10 years of SEC 10-K data (FY2016-FY2025)
3.2% in FY2025 with a 5-year CAGR of +13.5%.
Improved from 2.6% to 3.2% over the past 2 years.
PLAINS GP HOLDINGS LP's operating margin of 3.2% is lower than 76% of companies in the Energy sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from -10.2% in FY2020 to 6.7% in FY2018.
Based on SEC 10-K filings.
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year Change
- +1.0pp
- 5-Year Change
- +13.5pp
- 10-Year Change
- -
Operating Margin Trend
Bottom 24% in EnergyTop 76% of 80This company 3.2% Sector average 15.1%
▼
-78.6% below sector average
Key Insights
- In FY2025, operating margin increased 83.0% year-over-year.
- Currently 11.9pp below the Energy sector average.
- Peak operating margin was recorded in FY2018.
- Lowest operating margin in the period was in FY2020.
Annual Data
| Year | Operating Margin | YoY Growth |
|---|---|---|
| FY2025 | 3.2% | +83.0% |
| FY2024 | 1.8% | -33.2% |
| FY2023 | 2.6% | +17.8% |
| FY2022 | 2.2% | +11.9% |
| FY2021 | 2.0% | +119.6% |
| FY2020 | -10.2% | -274.0% |
| FY2019 | 5.9% | -11.9% |
| FY2018 | 6.7% | +52.5% |
| FY2017 | 4.4% | -10.8% |
| FY2016 | 4.9% | -9.7% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026