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

CGI INC is the larger business by last-quarter revenue ($11.0B vs $10.0B, roughly 1.1× PLAINS ALL AMERICAN PIPELINE LP). CGI INC produced more free cash flow last quarter ($1.4B vs $638.0M).

CGI Inc. is a Canadian multinational information technology consulting and software development company headquartered in Montreal, Quebec, Canada. CGI went public in 1986 with a primary listing on the Toronto Stock Exchange. CGI is also a constituent of the S&P/TSX 60 and has a secondary listing on the New York Stock Exchange.

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...

GIB vs PAA — Head-to-Head

Bigger by revenue
GIB
GIB
1.1× larger
GIB
$11.0B
$10.0B
PAA
More free cash flow
GIB
GIB
$720.2M more FCF
GIB
$1.4B
$638.0M
PAA

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
GIB
GIB
PAA
PAA
Revenue
$11.0B
$10.0B
Net Profit
$341.0M
Gross Margin
7.0%
Operating Margin
1.8%
Net Margin
3.4%
Revenue YoY
-19.1%
Net Profit YoY
847.2%
EPS (diluted)

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
GIB
GIB
PAA
PAA
Q4 25
$10.0B
Q3 25
$11.6B
Q2 25
$10.6B
Q1 25
$12.0B
Q4 24
$12.4B
Q3 24
$12.7B
Q2 24
$11.0B
$12.9B
Q1 24
$12.0B
Net Profit
GIB
GIB
PAA
PAA
Q4 25
$341.0M
Q3 25
$441.0M
Q2 25
$210.0M
Q1 25
$443.0M
Q4 24
$36.0M
Q3 24
$220.0M
Q2 24
$250.0M
Q1 24
$266.0M
Gross Margin
GIB
GIB
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
GIB
GIB
PAA
PAA
Q4 25
1.8%
Q3 25
4.2%
Q2 25
2.2%
Q1 25
4.4%
Q4 24
0.7%
Q3 24
2.7%
Q2 24
2.9%
Q1 24
3.1%
Net Margin
GIB
GIB
PAA
PAA
Q4 25
3.4%
Q3 25
3.8%
Q2 25
2.0%
Q1 25
3.7%
Q4 24
0.3%
Q3 24
1.7%
Q2 24
1.9%
Q1 24
2.2%

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GIB
GIB
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
GIB
GIB
PAA
PAA
Q4 25
$10.7B
Q3 25
$8.4B
Q2 25
$8.2B
Q1 25
$8.2B
Q4 24
$7.2B
Q3 24
$7.2B
Q2 24
$7.2B
Q1 24
$7.3B
Total Assets
GIB
GIB
PAA
PAA
Q4 25
$30.2B
Q3 25
$28.1B
Q2 25
$27.2B
Q1 25
$27.1B
Q4 24
$26.6B
Q3 24
$27.2B
Q2 24
$27.5B
Q1 24
$27.4B

Cash Flow & Capital Efficiency

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

Metric
GIB
GIB
PAA
PAA
Operating Cash FlowLast quarter
$1.5B
$786.0M
Free Cash FlowOCF − Capex
$1.4B
$638.0M
FCF MarginFCF / Revenue
12.3%
6.4%
Capex IntensityCapex / Revenue
1.1%
1.5%
Cash ConversionOCF / Net Profit
2.30×
TTM Free Cash FlowTrailing 4 quarters
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GIB
GIB
PAA
PAA
Q4 25
$786.0M
Q3 25
$817.0M
Q2 25
$694.0M
Q1 25
$639.0M
Q4 24
$727.0M
Q3 24
$691.0M
Q2 24
$1.5B
$653.0M
Q1 24
$419.0M
Free Cash Flow
GIB
GIB
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
$1.4B
$514.0M
Q1 24
$262.0M
FCF Margin
GIB
GIB
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
12.3%
4.0%
Q1 24
2.2%
Capex Intensity
GIB
GIB
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%
1.1%
Q1 24
1.3%
Cash Conversion
GIB
GIB
PAA
PAA
Q4 25
2.30×
Q3 25
1.85×
Q2 25
3.30×
Q1 25
1.44×
Q4 24
20.19×
Q3 24
3.14×
Q2 24
2.61×
Q1 24
1.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GIB
GIB

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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