Plains All American Pipeline LP (PAA)vsTC Energy Corp (TRP)
PAA
Plains All American Pipeline LP
$26.10
+1.50%
ENERGY · Cap: $18.32B
TRP
TC Energy Corp
$60.88
-1.66%
ENERGY · Cap: $65.23B
Smart Verdict
WallStSmart Research — data-driven comparison
Plains All American Pipeline LP generates 233% more annual revenue ($52.30B vs $15.69B). TRP leads profitability with a 22.9% profit margin vs 5.3%. PAA appears more attractively valued with a PEG of 2.35. PAA earns a higher WallStSmart Score of 68/100 (B-).
PAA
Strong Buy68
out of 100
Grade: B-
TRP
Buy61
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Intrinsic value data unavailable for PAA.
Margin of Safety
-44.3%
Fair Value
$42.21
Current Price
$60.88
$18.67 premium
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Revenue surging 66.3% year-over-year
Earnings expanding 1077.0% YoY
Every $100 of equity generates 25 in profit
Reasonable price relative to book value
Strong operational efficiency at 44.3%
Large-cap with strong market position
Keeps 23 of every $100 in revenue as profit
Generating 1.3B in free cash flow
Areas to Watch
Expensive relative to growth rate
5.3% margin — thin
Operating margin of 2.8%
Weak financial health signals
Expensive relative to growth rate
Distress zone — elevated risk
Elevated debt levels
Comparative Analysis Report
WallStSmart ResearchBull Case : PAA
The strongest argument for PAA centers on Revenue Growth, EPS Growth, Return on Equity. Revenue growth of 66.3% demonstrates continued momentum.
Bull Case : TRP
The strongest argument for TRP centers on Operating Margin, Market Cap, Profit Margin. Profitability is solid with margins at 22.9% and operating margin at 44.3%.
Bear Case : PAA
The primary concerns for PAA are PEG Ratio, Profit Margin, Operating Margin.
Bear Case : TRP
The primary concerns for TRP are PEG Ratio, Altman Z-Score, Debt/Equity. Debt-to-equity of 2.30 is elevated, increasing financial risk.
Key Dynamics to Monitor
PAA profiles as a hypergrowth stock while TRP is a mature play — different risk/reward profiles.
TRP carries more volatility with a beta of 0.95 — expect wider price swings.
PAA is growing revenue faster at 66.3% — sustainability is the question.
TRP generates stronger free cash flow (1.3B), providing more financial flexibility.
Bottom Line
PAA scores higher overall (68/100 vs 61/100) and 66.3% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
Plains All American Pipeline LP
ENERGY · OIL & GAS MIDSTREAM · USA
Plains All American Pipeline, LP, is engaged in the transportation, completion, storage and collection of crude oil and natural gas liquids (NGL) through pipelines in the United States and Canada. The company is headquartered in Houston, Texas.
TC Energy Corp
ENERGY · OIL & GAS MIDSTREAM · USA
TC Energy Corporation is an energy infrastructure company in North America. The company is headquartered in Calgary, Canada.
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