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Side-by-side financial comparison of Chubb Limited (CB) and PLAINS ALL AMERICAN PIPELINE LP (PAA). Click either name above to swap in a different company.

Chubb Limited is the larger business by last-quarter revenue ($15.1B vs $10.0B, roughly 1.5× PLAINS ALL AMERICAN PIPELINE LP). Chubb Limited runs the higher net margin — 21.3% vs 3.4%, a 17.9% gap on every dollar of revenue. On growth, Chubb Limited posted the faster year-over-year revenue change (6.3% vs -19.1%). Over the past eight quarters, Chubb Limited's revenue compounded faster (8.1% CAGR vs -8.6%).

Chubb Limited is an American–Swiss company incorporated in Zürich, and listed on the New York Stock Exchange (NYSE) where it is a component of the S&P 500. Chubb is a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance and is the largest publicly traded property and casualty insurance company in the world. Chubb operates in 55 countries and territories and in the Lloyd's insurance market in London. Clients of Chubb consist...

Plains is a master limited partnership engaged in pipeline transport, marketing, and storage of liquefied petroleum gas and petroleum in the United States and Canada. Plains owns interests in 18,370 miles (29,560 km) of pipelines, storage capacity for about 75 million barrels of crude oil, 28 million barrels of NGLs, 68 billion cubic feet of natural gas, and 5 natural gas processing plants. The company is headquartered in the Allen Center in Downtown Houston, Texas. Plains is a publicly trade...

CB vs PAA — Head-to-Head

Bigger by revenue
CB
CB
1.5× larger
CB
$15.1B
$10.0B
PAA
Growing faster (revenue YoY)
CB
CB
+25.4% gap
CB
6.3%
-19.1%
PAA
Higher net margin
CB
CB
17.9% more per $
CB
21.3%
3.4%
PAA
Faster 2-yr revenue CAGR
CB
CB
Annualised
CB
8.1%
-8.6%
PAA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CB
CB
PAA
PAA
Revenue
$15.1B
$10.0B
Net Profit
$3.2B
$341.0M
Gross Margin
7.0%
Operating Margin
25.0%
1.8%
Net Margin
21.3%
3.4%
Revenue YoY
6.3%
-19.1%
Net Profit YoY
24.7%
847.2%
EPS (diluted)
$8.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CB
CB
PAA
PAA
Q4 25
$15.1B
$10.0B
Q3 25
$16.1B
$11.6B
Q2 25
$14.8B
$10.6B
Q1 25
$13.4B
$12.0B
Q4 24
$14.2B
$12.4B
Q3 24
$14.8B
$12.7B
Q2 24
$13.8B
$12.9B
Q1 24
$12.9B
$12.0B
Net Profit
CB
CB
PAA
PAA
Q4 25
$3.2B
$341.0M
Q3 25
$2.8B
$441.0M
Q2 25
$3.0B
$210.0M
Q1 25
$1.3B
$443.0M
Q4 24
$2.6B
$36.0M
Q3 24
$2.3B
$220.0M
Q2 24
$2.2B
$250.0M
Q1 24
$2.1B
$266.0M
Gross Margin
CB
CB
PAA
PAA
Q4 25
7.0%
Q3 25
8.6%
Q2 25
8.3%
Q1 25
10.4%
Q4 24
9.5%
Q3 24
9.3%
Q2 24
8.3%
Q1 24
9.0%
Operating Margin
CB
CB
PAA
PAA
Q4 25
25.0%
1.8%
Q3 25
24.1%
4.2%
Q2 25
25.0%
2.2%
Q1 25
12.5%
4.4%
Q4 24
22.0%
0.7%
Q3 24
20.2%
2.7%
Q2 24
19.6%
2.9%
Q1 24
20.4%
3.1%
Net Margin
CB
CB
PAA
PAA
Q4 25
21.3%
3.4%
Q3 25
17.3%
3.8%
Q2 25
20.0%
2.0%
Q1 25
10.0%
3.7%
Q4 24
18.2%
0.3%
Q3 24
15.7%
1.7%
Q2 24
16.1%
1.9%
Q1 24
16.6%
2.2%
EPS (diluted)
CB
CB
PAA
PAA
Q4 25
$8.05
Q3 25
$6.99
Q2 25
$7.35
Q1 25
$3.29
Q4 24
$6.31
Q3 24
$5.70
Q2 24
$5.46
Q1 24
$5.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CB
CB
PAA
PAA
Cash + ST InvestmentsLiquidity on hand
$328.0M
Total DebtLower is stronger
$15.7B
$10.7B
Stockholders' EquityBook value
$73.8B
Total Assets
$272.3B
$30.2B
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CB
CB
PAA
PAA
Q4 25
$328.0M
Q3 25
$1.2B
Q2 25
$459.0M
Q1 25
$427.0M
Q4 24
$348.0M
Q3 24
$640.0M
Q2 24
$553.0M
Q1 24
$331.0M
Total Debt
CB
CB
PAA
PAA
Q4 25
$15.7B
$10.7B
Q3 25
$15.7B
$8.4B
Q2 25
$13.5B
$8.2B
Q1 25
$14.5B
$8.2B
Q4 24
$14.4B
$7.2B
Q3 24
$14.6B
$7.2B
Q2 24
$13.2B
$7.2B
Q1 24
$13.2B
$7.3B
Stockholders' Equity
CB
CB
PAA
PAA
Q4 25
$73.8B
Q3 25
$71.9B
Q2 25
$69.4B
Q1 25
$65.7B
Q4 24
$64.0B
Q3 24
$65.8B
Q2 24
$61.0B
Q1 24
$60.5B
Total Assets
CB
CB
PAA
PAA
Q4 25
$272.3B
$30.2B
Q3 25
$270.2B
$28.1B
Q2 25
$261.6B
$27.2B
Q1 25
$251.8B
$27.1B
Q4 24
$246.5B
$26.6B
Q3 24
$250.6B
$27.2B
Q2 24
$238.6B
$27.5B
Q1 24
$234.9B
$27.4B
Debt / Equity
CB
CB
PAA
PAA
Q4 25
0.21×
Q3 25
0.22×
Q2 25
0.19×
Q1 25
0.22×
Q4 24
0.22×
Q3 24
0.22×
Q2 24
0.22×
Q1 24
0.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CB
CB
PAA
PAA
Operating Cash FlowLast quarter
$4.1B
$786.0M
Free Cash FlowOCF − Capex
$638.0M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
1.26×
2.30×
TTM Free Cash FlowTrailing 4 quarters
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CB
CB
PAA
PAA
Q4 25
$4.1B
$786.0M
Q3 25
$3.6B
$817.0M
Q2 25
$3.6B
$694.0M
Q1 25
$1.6B
$639.0M
Q4 24
$4.6B
$727.0M
Q3 24
$4.3B
$691.0M
Q2 24
$4.1B
$653.0M
Q1 24
$3.2B
$419.0M
Free Cash Flow
CB
CB
PAA
PAA
Q4 25
$638.0M
Q3 25
$632.0M
Q2 25
$575.0M
Q1 25
$448.0M
Q4 24
$561.0M
Q3 24
$534.0M
Q2 24
$514.0M
Q1 24
$262.0M
FCF Margin
CB
CB
PAA
PAA
Q4 25
6.4%
Q3 25
5.5%
Q2 25
5.4%
Q1 25
3.7%
Q4 24
4.5%
Q3 24
4.2%
Q2 24
4.0%
Q1 24
2.2%
Capex Intensity
CB
CB
PAA
PAA
Q4 25
1.5%
Q3 25
1.6%
Q2 25
1.1%
Q1 25
1.6%
Q4 24
1.3%
Q3 24
1.2%
Q2 24
1.1%
Q1 24
1.3%
Cash Conversion
CB
CB
PAA
PAA
Q4 25
1.26×
2.30×
Q3 25
1.30×
1.85×
Q2 25
1.20×
3.30×
Q1 25
1.18×
1.44×
Q4 24
1.77×
20.19×
Q3 24
1.86×
3.14×
Q2 24
1.83×
2.61×
Q1 24
1.50×
1.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CB
CB

Segment breakdown not available.

PAA
PAA

Products$9.6B96%
Transportation$341.0M3%
Terminalling Storage And Other$90.0M1%
Affiliated Entity$14.0M0%

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