DINO vs PAA
HF Sinclair Corp. and Plains ALL American Pipeline LP, side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DINO | PAA |
|---|---|---|
| Revenue | $26.9B | $44.3B |
| Net income | $579.0M | $1.4B |
| Gross margin | 8.6% | 8.7% |
| Net margin | 2.2% | 4.0% |
| Return on equity | 6.3% | · |
| Diluted EPS | $3.08 | · |
| Dividend / share | $2.00 | · |
| Payout ratio | 64.9% | · |
| Free cash flow | $866.0M | $2.3B |
| Equity | $9.2B | · |
| Net debt / equity | 0.20× | · |
| Current ratio | 1.94× | 0.96× |
| Revenue CAGR 5y | 19.2% | 13.7% |
| Profit CAGR 5y | · | · |
PAA bills 1.6× the revenue of DINO, and keeps more of each dollar of revenue as profit (4.0% against 2.2%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
6 years side by side
| Fiscal year | DINO | PAA |
|---|---|---|
| FY2025 | $26.9B | $44.3B |
| FY2024 | $28.6B | $48.9B |
| FY2023 | $32.0B | $47.3B |
| FY2022 | $38.2B | $57.3B |
| FY2021 | $18.4B | $42.1B |
| FY2020 | $11.2B | $23.3B |
Bottom line
| Fiscal year | DINO | PAA |
|---|---|---|
| FY2025 | $579.0M | $1.4B |
| FY2024 | $177.0M | $772.0M |
| FY2023 | $1.6B | $1.2B |
| FY2022 | $2.9B | $1.0B |
| FY2021 | $558.3M | $593.0M |
| FY2020 | $-601.4M | $-2.6B |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$17,393,000,000 | PAA |
| FY2024 | −$20,309,000,000 | PAA |
| FY2023 | −$15,372,000,000 | PAA |
| FY2022 | −$19,137,000,000 | PAA |
| FY2021 | −$23,688,858,000 | PAA |
| FY2020 | −$12,106,357,000 | PAA |
PAA has reported the higher revenue in every one of these 6 fiscal years. The gap has widened since the earliest year compared.
6 of 19 comparable fiscal years — a year missing data on either side is not counted.
5 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −1.8 pp | PAA |
| FY2024 | −1.6 pp | PAA |
| FY2023 | +2.2 pp | DINO |
| FY2021 | +2.1 pp | DINO |
| FY2020 | +6.5 pp | DINO |
The higher net margin has changed hands between DINO and PAA over this period.
5 of 12 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PAA's net margin has been more volatile than DINO's over the 5 comparable fiscal years — 5.6 percentage points of standard deviation against 3.4.
5 of 12 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DINO and PAA over these 5 fiscal years — DINO led in 3 and PAA in 2.
5 of 12 comparable fiscal years — a year missing data on either side is not counted.