PBA vs VET
Pembina Pipeline Corp. and Vermilion Energy Inc., side by side — 8 fiscal years reported in CAD, drawn from SEC filings.
Most recent reported year
| Metric | PBA | VET |
|---|---|---|
| Revenue | CAD 7.8B | CAD 1.8B |
| Net income | CAD 1.7B | CAD -653.6M |
| Gross margin | 41.1% | · |
| Net margin | 21.8% | −37.0% |
| Return on equity | 9.9% | −26.0% |
| Diluted EPS | CAD 2.66 | −CAD 4.25 |
| Dividend / share | · | CAD 0.52 |
| Payout ratio | · | −12.2% |
| Free cash flow | · | · |
| Equity | · | · |
| Net debt / equity | 0.69× | 0.55× |
| Current ratio | 0.61× | · |
| Revenue CAGR 5y | 5.5% | 9.1% |
| Profit CAGR 5y | · | · |
PBA bills 4.4× the revenue of VET, and VET 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.
8 years side by side
| Fiscal year | PBA | VET |
|---|---|---|
| FY2025 | CAD 7.8B | CAD 1.8B |
| FY2024 | CAD 7.4B | CAD 1.5B |
| FY2023 | CAD 6.3B | CAD 2.0B |
| FY2022 | CAD 11.6B | CAD 3.4B |
| FY2021 | CAD 8.6B | CAD 2.0B |
| FY2020 | CAD 6.0B | CAD 1.1B |
| FY2019 | CAD 6.4B | CAD 1.7B |
| FY2018 | CAD 7.4B | CAD 1.5B |
Bottom line
| Fiscal year | PBA | VET |
|---|---|---|
| FY2025 | CAD 1.7B | CAD -653.6M |
| FY2024 | CAD 1.9B | CAD -46.7M |
| FY2023 | CAD 1.8B | CAD -237.6M |
| FY2022 | CAD 3.0B | CAD 1.3B |
| FY2021 | CAD 1.2B | CAD 1.1B |
| FY2020 | CAD -316.0M | CAD -1.5B |
| FY2019 | CAD 1.5B | CAD 32.8M |
| FY2018 | CAD 411.0M | CAD 271.6M |
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +CAD 6,012,859,000 | PBA |
| FY2024 | +CAD 5,837,580,000 | PBA |
| FY2023 | +CAD 4,323,139,000 | PBA |
| FY2022 | +CAD 8,195,789,000 | PBA |
| FY2021 | +CAD 6,586,270,000 | PBA |
| FY2020 | +CAD 4,812,156,000 | PBA |
| FY2019 | +CAD 4,624,529,000 | PBA |
| FY2018 | +CAD 5,825,050,000 | PBA |
PBA has reported the higher revenue in every one of these 8 fiscal years. The gap has widened since the earliest year compared.
8 of 10 comparable fiscal years — a year missing data on either side is not counted.
8 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +58.8 pp | PBA |
| FY2024 | +28.4 pp | PBA |
| FY2023 | +39.9 pp | PBA |
| FY2022 | −12.9 pp | VET |
| FY2021 | −41.9 pp | VET |
| FY2020 | +127.7 pp | PBA |
| FY2019 | +21.8 pp | PBA |
| FY2018 | −0.4 pp | VET |
The higher net margin has changed hands between PBA and VET over this period.
8 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VET's net margin has been more volatile than PBA's over the 8 comparable fiscal years — 54.3 percentage points of standard deviation against 10.1.
8 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between PBA and VET over these 8 fiscal years — PBA led in 5 and VET in 3.
8 of 10 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VET's return on equity has been more volatile than PBA's over the 5 comparable fiscal years — 12.6 percentage points of standard deviation against 4.0.
5 of 10 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between PBA and VET over these 5 fiscal years — PBA led in 4 and VET in 1.
5 of 10 comparable fiscal years — a year missing data on either side is not counted.