Marathon PetroleumvsPlains All American Pipeline

MPC and PAA stock compared: price, dividend, valuation and results, from SEC filings.

MPC

Marathon Petroleum Corporation

$414.65

Value $113B

+0.44%
MPC's page

PAA

Plains All American Pipeline, L.P.

$24.44

Value $17.2B

+0.53%
PAA's page

Marathon Petroleum (MPC) has a market value of $113B and Plains All American Pipeline (PAA) $17.2B. Over the last year, with dividends, MPC moved +114.1% and PAA +59.2%. The P/E is 7.7 for MPC and 6.4 for PAA. Dividend yield: MPC 0.96%, PAA none.

At a glance

The main figures of both. A bar only shows which number is larger, not which is better.

  • Market value

    MPC$113B

    PAA$17.2B

    MPC is 6.5 times PAA

  • Revenue, 12 months

    MPC$175B

    PAA$55.9B

    MPC is 3.1 times PAA

  • Net income, 12 months

    MPC$14.6B

    PAA$2.7B

    MPC is 5.4 times PAA

  • Operating margin

    MPC12.5%

    PAA3.0%

    9.5 points apart

  • ROIC

    MPC33.6%

    PAA15.4%

    18.2 points apart

  • P/E

    MPC7.7

    PAA6.4

    MPC is 1.2 times PAA

  • Dividend yield

    MPC1.0%

    PAA0.0%

    1.0 points apart

  • 5-year return

    MPC+604.9%

    PAA+238.1%

    366.8 points apart

A fainter bar means a negative number. The 5-year return includes dividends.

The price over time

Both start at 100 at the beginning of the period, so the lines show how much each changed. With dividends means each dividend buys more shares.

MPC+604.9%

PAA+238.2%

25050075020222023202420252026
Returns by period
PeriodMPCWith dividendsPAAWith dividends
1 year since November 12, 2025+114.1%Price +110.6%+59.2%Price +48.0%
3 years since November 13, 2023+199.9%+44.2% a yearPrice +182.5%+101.0%+26.2% a yearPrice +59.3%
5 years since November 12, 2021+604.9%+47.8% a yearPrice +530.2%+238.1%+27.6% a yearPrice +130.1%
10 years since November 15, 2016+1,166.6%+28.9% a yearPrice +846.0%+64.3%+5.1% a yearPrice -21.6%

Each cell: the total return with dividends, its yearly rate, and the price change alone. Before taxes and costs. Past returns do not predict future ones.

Every figure

As on each company's page. A description, not a recommendation: no one figure says which is better.

MPCMarathon PetroleumPAAPlains All American Pipeline

Valuation

MPCPAA
Valuation
Price$414.65$24.44
Market value$113B$17.2B
Enterprise value (EV)$132B$28.2B
P/E7.76.4
P/E, 5-year median6.3–
P/B4.9–
EV/EBIT6.116.8
Free cash flow yield18.5%13.2%

Results and growth

MPCPAA
Results and growth
Revenue, 12 months$175B$55.9B
Net income, 12 months$14.6B$2.7B
Free cash flow, 12 months$20.8B$2.3B
Earnings per share, 12 months$51.12$3.81
Revenue growth, year on year-4.4%-9.5%
Revenue growth a year, past+13.7%over 5 years+13.7%over 5 years
EPS growth a year, past––

Margins and returns on capital

MPCPAA
Margins and returns on capital
Gross margin15.9%7.6%
Operating margin12.5%3.0%
Net margin8.4%4.8%
ROIC33.6%15.4%
ROE78.3%–

Balance sheet

MPCPAA
Balance sheet
Cash$13.6B$328M
Total debt$34.5B$11.5B
Net debt / EBITDA0.84.2
Interest cover12.9×2.7×

Dividends and buybacks

MPCPAA
Dividends and buybacks
Dividend yield1.0%–
Dividend per share, 12 months$4.00–
Dividend growth a year, past+10.0%over 5 years–
Buyback yield3.1%0.1%
Shareholder yield4.1%0.1%

Last 12 months from the latest 10-Q and 10-K. Value, P/E and yields at today's price. A dash means the figure does not exist or did not pass our checks.

Questions: MPC or PAA

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Which is bigger, Marathon Petroleum or Plains All American Pipeline?

By market value, Marathon Petroleum ($113B) is about 6.5 times Plains All American Pipeline ($17.2B), at today's prices.

How did MPC and PAA stock do over the last 10 years?

Since November 15, 2016, MPC's price moved +846.0% and PAA's -21.6%. With dividends: MPC +1,166.6% (+28.9% a year), PAA +64.3% (+5.1% a year). Past returns do not predict future ones.

Which pays the higher dividend, MPC or PAA?

The dividend yield at today's price is 0.96% for Marathon Petroleum and none for Plains All American Pipeline. Over the last twelve months they paid $4.00 and – per share.

What is the P/E of MPC and PAA?

At today's price, the P/E is 7.7 for MPC and 6.4 for PAA. It is the share price over the last twelve months' earnings per share.

Which has the higher profit margins, Marathon Petroleum or Plains All American Pipeline?

Over the last twelve months, the net margin was 8.4% for Marathon Petroleum and 4.8% for Plains All American Pipeline, and the operating margin 12.5% and 3.0%. Revenue was $175B and $55.9B.

Which is the better investment, Marathon Petroleum or Plains All American Pipeline?

The page does not answer that and does not suggest buying or selling. It puts the two companies' numbers side by side, from their SEC filings, for you to read and form your own view. The decision depends on your goals and situation.

Other comparisons

With each of the two, and with the largest in its sector.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

Descriptive data from SEC filings and market prices.