GEL vs PAA
Genesis Energy LP and Plains ALL American Pipeline LP, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GEL | PAA |
|---|---|---|
| Revenue | $1.6B | $44.3B |
| Net income | $-440.4M | $1.4B |
| Gross margin | · | 8.7% |
| Net margin | −24.1% | 4.0% |
| Return on equity | · | · |
| Diluted EPS | −$4.19 | · |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $65.9M | $2.3B |
| Equity | · | · |
| Net debt / equity | · | · |
| Current ratio | 0.98× | 0.96× |
| Revenue CAGR 5y | −2.2% | 13.7% |
| Profit CAGR 5y | · | · |
PAA bills 27.1× the revenue of GEL, and GEL closed the last reported year at a loss.
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.
10 years side by side
| Fiscal year | GEL | PAA |
|---|---|---|
| FY2025 | $1.6B | $44.3B |
| FY2024 | $1.7B | $48.9B |
| FY2023 | $1.7B | $47.3B |
| FY2022 | $2.8B | $57.3B |
| FY2021 | $2.1B | $42.1B |
| FY2020 | $1.8B | $23.3B |
| FY2019 | $2.5B | $33.7B |
| FY2018 | $2.9B | $34.1B |
| FY2017 | $2.0B | $26.2B |
| FY2016 | $1.7B | $20.2B |
Bottom line
| Fiscal year | GEL | PAA |
|---|---|---|
| FY2025 | $-440.4M | $1.4B |
| FY2024 | $-63.9M | $772.0M |
| FY2023 | $117.7M | $1.2B |
| FY2022 | $75.5M | $1.0B |
| FY2021 | $-165.1M | $593.0M |
| FY2020 | $-416.7M | $-2.6B |
| FY2019 | $96.0M | $2.2B |
| FY2018 | $-6.1M | $2.2B |
| FY2017 | $82.6M | $856.0M |
| FY2016 | $113.2M | $726.0M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$42,631,585,000 | PAA |
| FY2024 | −$47,228,166,000 | PAA |
| FY2023 | −$45,614,677,000 | PAA |
| FY2022 | −$54,553,043,000 | PAA |
| FY2021 | −$39,952,524,000 | PAA |
| FY2020 | −$21,465,345,000 | PAA |
| FY2019 | −$31,188,180,000 | PAA |
| FY2018 | −$31,142,230,000 | PAA |
| FY2017 | −$24,194,623,000 | PAA |
| FY2016 | −$18,469,507,000 | PAA |
| FY2015 | −$20,905,471,000 | PAA |
| FY2014 | −$39,617,836,000 | PAA |
| FY2013 | −$38,114,170,000 | PAA |
| FY2012 | −$34,429,639,000 | PAA |
| FY2011 | −$31,837,203,000 | PAA |
| FY2010 | −$23,791,676,000 | PAA |
| FY2009 | −$17,084,640,000 | PAA |
PAA has reported the higher revenue in every one of these 17 fiscal years. The gap has widened since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −28.1 pp | PAA |
| FY2024 | −4.3 pp | PAA |
| FY2023 | +5.3 pp | GEL |
| FY2021 | −8.0 pp | PAA |
| FY2020 | −10.9 pp | PAA |
| FY2019 | −2.4 pp | PAA |
| FY2018 | −6.9 pp | PAA |
| FY2017 | +0.8 pp | GEL |
| FY2016 | +2.9 pp | GEL |
| FY2015 | +14.9 pp | GEL |
| FY2009 | −2.7 pp | PAA |
The higher net margin has changed hands between GEL and PAA over this period.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
GEL's net margin has been more volatile than PAA's over the 11 comparable fiscal years — 12.0 percentage points of standard deviation against 4.5.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between GEL and PAA over these 11 fiscal years — GEL led in 4 and PAA in 7.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.