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Cheniere Energy vs Plains ALL American Pipeline LP

Plains ALL American Pipeline LP is the larger business, with $44.26bn of revenue in fiscal 2025 against $19.98bn for Cheniere Energy (2.2 times as much). Cheniere Energy grew faster (27.2% against -9.5%). Cheniere Energy kept more of each dollar of sales as profit: a net margin of 26.7% against 3.2%.

Latest fiscal yearCheniere EnergyLNG, 2025Plains ALL American Pipeline LPPAA, 2025
Revenue $19.98bn $44.26bn
Revenue growth 27.2% -9.5%
Net income $5.33bn $1.44bn
Operating margin 45.6% 3.2%
Net margin 26.7% 3.2%
Return on equity 78.3% —
Free cash flow $2.46bn $2.29bn
Cash $1.10bn $328m
Total debt $23.00bn $11.26bn
Debt to equity 290.5% —
Dividend per share — —
Dividend yield 0.7% —
Share buybacks $2.72bn $8.0m
Employees 1,717 3,900
Market value $64.66bn $18.26bn
Price vs our value range — Below our value range
Moat score 51 (Moderate) 28 (Weak)
Insider trades, 12 months 2 buys, 7 sales 0 buys, 1 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.