PBAPembina Pipeline Corporation

$48.63

Is the business good?

How good a business is PBA?

Pembina Pipeline Corporation earns 7.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

7.7%

Return on invested capital · cost of capital 9.0% · 1.3 points below what the capital costs: growth destroys value

Operating margin
36%

Operating margin · Oil & Gas Midstream median 36% · fiscal year to FY2025

Share count, year on year
+1.4%

Share count, year on year · shareholders own a smaller slice than a year ago

Gross margin
41%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY20200.07%
FY202125%
FY202232%
FY202342%
FY202431%
FY202536%
Details
Gross marginfiscal year to FY2025
41%
Operating marginfiscal year to FY2025
36%
Net marginfiscal year to FY2025
22%
Revenue, trailing twelve months
$7.78B
Net income, trailing twelve months
$1.69B
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
7.7%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.