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

PLAINS ALL AMERICAN PIPELINE LP is the larger business by last-quarter revenue ($10.0B vs $5.3B, roughly 1.9× Colgate-Palmolive). Colgate-Palmolive runs the higher net margin — 12.1% vs 3.4%, a 8.7% gap on every dollar of revenue. On growth, Colgate-Palmolive posted the faster year-over-year revenue change (8.4% vs -19.1%). PLAINS ALL AMERICAN PIPELINE LP produced more free cash flow last quarter ($638.0M vs $609.0M). Over the past eight quarters, Colgate-Palmolive's revenue compounded faster (2.6% CAGR vs -8.6%).

The Colgate-Palmolive Company, commonly known as Colgate-Palmolive, is an American multinational consumer products company headquartered on Park Avenue in Midtown Manhattan, New York City. The company specializes in the production, distribution, and provision of household, health care, personal care, and veterinary products.

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...

CL vs PAA — Head-to-Head

Bigger by revenue
PAA
PAA
1.9× larger
PAA
$10.0B
$5.3B
CL
Growing faster (revenue YoY)
CL
CL
+27.5% gap
CL
8.4%
-19.1%
PAA
Higher net margin
CL
CL
8.7% more per $
CL
12.1%
3.4%
PAA
More free cash flow
PAA
PAA
$29.0M more FCF
PAA
$638.0M
$609.0M
CL
Faster 2-yr revenue CAGR
CL
CL
Annualised
CL
2.6%
-8.6%
PAA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CL
CL
PAA
PAA
Revenue
$5.3B
$10.0B
Net Profit
$646.0M
$341.0M
Gross Margin
60.6%
7.0%
Operating Margin
18.1%
1.8%
Net Margin
12.1%
3.4%
Revenue YoY
8.4%
-19.1%
Net Profit YoY
-6.4%
847.2%
EPS (diluted)
$0.80

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
CL
CL
PAA
PAA
Q1 26
$5.3B
Q4 25
$5.2B
$10.0B
Q3 25
$5.1B
$11.6B
Q2 25
$5.1B
$10.6B
Q1 25
$4.9B
$12.0B
Q4 24
$4.9B
$12.4B
Q3 24
$5.0B
$12.7B
Q2 24
$5.1B
$12.9B
Net Profit
CL
CL
PAA
PAA
Q1 26
$646.0M
Q4 25
$-36.0M
$341.0M
Q3 25
$735.0M
$441.0M
Q2 25
$743.0M
$210.0M
Q1 25
$690.0M
$443.0M
Q4 24
$738.0M
$36.0M
Q3 24
$737.0M
$220.0M
Q2 24
$731.0M
$250.0M
Gross Margin
CL
CL
PAA
PAA
Q1 26
60.6%
Q4 25
60.2%
7.0%
Q3 25
59.4%
8.6%
Q2 25
60.1%
8.3%
Q1 25
60.8%
10.4%
Q4 24
60.3%
9.5%
Q3 24
61.1%
9.3%
Q2 24
60.6%
8.3%
Operating Margin
CL
CL
PAA
PAA
Q1 26
18.1%
Q4 25
1.7%
1.8%
Q3 25
20.6%
4.2%
Q2 25
21.1%
2.2%
Q1 25
21.9%
4.4%
Q4 24
21.5%
0.7%
Q3 24
21.2%
2.7%
Q2 24
21.6%
2.9%
Net Margin
CL
CL
PAA
PAA
Q1 26
12.1%
Q4 25
-0.7%
3.4%
Q3 25
14.3%
3.8%
Q2 25
14.5%
2.0%
Q1 25
14.1%
3.7%
Q4 24
14.9%
0.3%
Q3 24
14.6%
1.7%
Q2 24
14.5%
1.9%
EPS (diluted)
CL
CL
PAA
PAA
Q1 26
$0.80
Q4 25
$-0.04
Q3 25
$0.91
Q2 25
$0.91
Q1 25
$0.85
Q4 24
$0.89
Q3 24
$0.90
Q2 24
$0.89

Balance Sheet & Financial Strength

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

Metric
CL
CL
PAA
PAA
Cash + ST InvestmentsLiquidity on hand
$1.3B
$328.0M
Total DebtLower is stronger
$10.7B
Stockholders' EquityBook value
Total Assets
$16.6B
$30.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CL
CL
PAA
PAA
Q1 26
$1.3B
Q4 25
$1.4B
$328.0M
Q3 25
$1.3B
$1.2B
Q2 25
$1.2B
$459.0M
Q1 25
$1.1B
$427.0M
Q4 24
$1.3B
$348.0M
Q3 24
$1.2B
$640.0M
Q2 24
$1.1B
$553.0M
Total Debt
CL
CL
PAA
PAA
Q1 26
Q4 25
$7.8B
$10.7B
Q3 25
$8.4B
Q2 25
$8.2B
Q1 25
$8.2B
Q4 24
$7.0B
$7.2B
Q3 24
$7.2B
Q2 24
$7.2B
Stockholders' Equity
CL
CL
PAA
PAA
Q1 26
Q4 25
$54.0M
Q3 25
$856.0M
Q2 25
$702.0M
Q1 25
$363.0M
Q4 24
$212.0M
Q3 24
$435.0M
Q2 24
$123.0M
Total Assets
CL
CL
PAA
PAA
Q1 26
$16.6B
Q4 25
$16.3B
$30.2B
Q3 25
$17.5B
$28.1B
Q2 25
$17.5B
$27.2B
Q1 25
$16.6B
$27.1B
Q4 24
$16.0B
$26.6B
Q3 24
$16.8B
$27.2B
Q2 24
$16.5B
$27.5B
Debt / Equity
CL
CL
PAA
PAA
Q1 26
Q4 25
145.17×
Q3 25
Q2 25
Q1 25
Q4 24
33.04×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
CL
CL
PAA
PAA
Operating Cash FlowLast quarter
$786.0M
Free Cash FlowOCF − Capex
$609.0M
$638.0M
FCF MarginFCF / Revenue
11.4%
6.4%
Capex IntensityCapex / Revenue
2.6%
1.5%
Cash ConversionOCF / Net Profit
2.30×
TTM Free Cash FlowTrailing 4 quarters
$3.8B
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CL
CL
PAA
PAA
Q1 26
Q4 25
$1.5B
$786.0M
Q3 25
$1.3B
$817.0M
Q2 25
$884.0M
$694.0M
Q1 25
$600.0M
$639.0M
Q4 24
$1.3B
$727.0M
Q3 24
$1.2B
$691.0M
Q2 24
$990.0M
$653.0M
Free Cash Flow
CL
CL
PAA
PAA
Q1 26
$609.0M
Q4 25
$1.3B
$638.0M
Q3 25
$1.1B
$632.0M
Q2 25
$776.0M
$575.0M
Q1 25
$476.0M
$448.0M
Q4 24
$1.1B
$561.0M
Q3 24
$1.0B
$534.0M
Q2 24
$873.0M
$514.0M
FCF Margin
CL
CL
PAA
PAA
Q1 26
11.4%
Q4 25
24.4%
6.4%
Q3 25
21.6%
5.5%
Q2 25
15.2%
5.4%
Q1 25
9.7%
3.7%
Q4 24
21.9%
4.5%
Q3 24
20.5%
4.2%
Q2 24
17.3%
4.0%
Capex Intensity
CL
CL
PAA
PAA
Q1 26
2.6%
Q4 25
3.4%
1.5%
Q3 25
3.0%
1.6%
Q2 25
2.1%
1.1%
Q1 25
2.5%
1.6%
Q4 24
3.7%
1.3%
Q3 24
2.7%
1.2%
Q2 24
2.3%
1.1%
Cash Conversion
CL
CL
PAA
PAA
Q1 26
Q4 25
2.30×
Q3 25
1.72×
1.85×
Q2 25
1.19×
3.30×
Q1 25
0.87×
1.44×
Q4 24
1.72×
20.19×
Q3 24
1.58×
3.14×
Q2 24
1.35×
2.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CL
CL

Latin America$1.3B25%
Pet Nutrition$1.2B22%
Europe, Middle East & Africa (1)$1.1B21%
North America (1)$888.0M17%
Asia Pacific (1)$804.0M15%

PAA
PAA

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

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