COMP <GO>
PAA vs WES // EV/EBITDA & P/E VALUATION
Plains All American Pipeline L.P. Common (NASDAQ) VS. Western Midstream Partners LP Common (NYSE) • 15-METRIC TALLY: PAA 7
— WES 6
▲ EV/EBITDA & P/E VALUATION LEADER: PAA
LAST: $26.92 (+1.18%) • MKT CAP: $18.99B
valuation
12.5x
LAST: $45.82 (+1.75%) • MKT CAP: $18.93B
valuation
13.0x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (PAA VS. WES)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | PAA | WES | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 8.70% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 5.30% | 16.00% | -10.70 | WES | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 12.5x | 13.0x | -0.50 | PAA | /valuation <GO> |
| Free Cash Flow Yield | 12.07% | 10.83% | +1.24 | PAA | /fcf-yield <GO> |
| Operating Margin | 3.20% | 41.70% | -38.50 | WES | /operating-margins <GO> |
| Net Profit Margin | 4.00% | 30.70% | -26.70 | WES | /net-margins <GO> |
| Revenue Growth (YoY) | -9.50% | 6.60% | -16.10 | WES | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 7.56% | -7.56 | WES | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.69 | 1.85 | +0.84 | PAA | /balance-sheet <GO> |
| Piotroski F-Score Quality | 6/9 | 8/9 | -2.00 | WES | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 68.7 | 52.9 | +15.80 | PAA | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.04 | 1.03 | +0.01 | PAA | /macro-sensitivity <GO> |
| Forward P/E Multiple | 10.0x | 14.9x | -4.90 | PAA | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $18.99B | $18.93B | $58.7M | PAA | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | PAA REV | WES REV | PAA GROSS % | WES GROSS % | PAA FCF | WES FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $44.26B | $3.84B | 8.7% | — | $2.29B | $2.05B |
| FY 2024 | $48.89B | $3.60B | 7.6% | — | $2.04B | $1.97B |
| FY 2023 | $47.34B | $3.11B | — | — | $596.9M | $1.52B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
PAA // BETA 1.04
WES // BETA 1.03