Saturday 17 October 2026
Export PBA’s income statement to Excel — free account
Pembina Pipeline Corp.
PBA Energy Oil & Gas Midstream
Pembina Pipeline Corp.’s revenue for fiscal 2025 (year ended December 2025) was $5.7 billion, up 6.08% from fiscal 2024. In the quarter to June 2026, revenue grew 20.0%, EPS grew 27.7%, free cash flow grew 8.94% and total debt rose 3.64%, each against the same quarter a year earlier.
50.10
1.91
+3.96%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
40.69 | 25.75 | 16.86 | 18.13 | 0.00 | 19.32 | 8.34 | 15.42 | 16.80 | 20.03 |
Piotroski F-Score |
5 | 6 | 7 | 5 | 4 | 6 | 7 | 7 | 4 | 5 |
P/S ratio |
3.84 | 3.78 | 2.50 | 3.30 | 2.81 | 2.42 | 1.98 | 2.79 | 3.93 | 3.87 |
Altman Z-Score |
1.70 | 1.25 | 1.36 | 1.27 | 0.64 | 1.01 | 1.56 | 1.34 | 1.22 | 1.35 |
Altman Z″-Score (non-manufacturers) |
1.17 | 1.24 | 1.37 | 1.23 | 0.42 | 0.69 | 1.43 | 1.18 | 0.97 | 1.10 |
P/FCF ratio |
0.00 | 0.00 | 18.76 | 28.16 | 14.25 | 10.50 | 10.08 | 12.42 | 12.63 | 11.63 |
Beneish M-Score |
(3.06) | (1.97) | (2.50) | (2.59) | (2.98) | (2.33) | (2.15) | (1.15) | (3.45) | (2.85) |
P/Operating CF |
58.85 | 41.29 | 28.29 | 35.05 | 23.01 | 29.63 | 26.06 | 29.24 | 32.53 | 37.40 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 28 |
P/B ratio |
2.37 | 1.77 | 1.62 | 1.82 | 1.44 | 1.76 | 1.75 | 1.87 | 1.89 | 2.05 |
Price to Tangible BV |
4.07 | 3.01 | 2.56 | 3.41 | 3.04 | 3.73 | 3.19 | 3.37 | 3.29 | 3.55 |
EV/Sales |
4.82 | 5.14 | 3.44 | 4.61 | 4.55 | 3.72 | 2.85 | 3.92 | 5.62 | 5.44 |
EV/EBITDA |
18.37 | 18.68 | 10.97 | 13.35 | 40.06 | 11.31 | 7.78 | 10.77 | 13.21 | 11.45 |
EV/Operating CF |
18.76 | 18.12 | 11.86 | 13.89 | 12.52 | 12.11 | 11.66 | 13.56 | 12.92 | 13.17 |
EV/FCF |
(32.02) | (84.63) | 25.84 | 39.33 | 23.06 | 16.11 | 14.50 | 17.46 | 18.07 | 16.36 |
Quick Ratio |
0.63 | 0.75 | 0.55 | 0.59 | 0.43 | 0.36 | 0.53 | 0.71 | 0.44 | 0.47 |
Current Ratio |
0.86 | 0.89 | 0.68 | 0.68 | 0.56 | 0.52 | 0.67 | 0.82 | 0.54 | 0.61 |
Net Debt/EBITDA |
3.73 | 4.93 | 3.00 | 3.79 | 15.30 | 3.94 | 2.37 | 3.11 | 3.98 | 3.31 |
Debt/Assets |
27.64% | 29.55% | 28.27% | 30.62% | 34.62% | 35.73% | 33.68% | 32.19% | 35.19% | 35.69% |
Debt/Equity |
0.50 | 0.55 | 0.52 | 0.61 | 0.72 | 0.78 | 0.67 | 0.66 | 0.72 | 0.76 |
Asset Turnover |
0.29 | 0.27 | 0.30 | 0.25 | 0.19 | 0.28 | 0.37 | 0.28 | 0.21 | 0.22 |
Operating CF/Net income |
2.73 | 1.88 | 1.96 | 1.70 | (4.73) | 2.41 | 1.03 | 1.60 | 1.87 | 2.13 |
Capex/Depreciation |
(5.83) | (5.02) | (2.93) | (3.21) | (1.47) | (0.91) | (0.84) | (0.89) | (1.06) | (0.65) |
Interest Coverage |
5.27 | 5.96 | 7.24 | 7.22 | 0.01 | 4.70 | 7.62 | 5.70 | 4.07 | 4.67 |
| 5.90% | 8.91% | 9.85% | 11.44% | (3.66%) | 9.49% | 21.97% | 11.89% | 11.80% | 10.10% | |
| 2.77% | 4.00% | 4.42% | 4.94% | (1.47%) | 3.61% | 8.87% | 5.05% | 4.98% | 4.29% | |
ROIC |
4.07% | 3.27% | 5.81% | 4.96% | 0.01% | 5.17% | 8.84% | 6.35% | 4.75% | 5.98% |
Return on Tangible Assets |
3.51% | 6.00% | 8.09% | 8.15% | (2.68%) | 6.44% | 19.16% | 10.83% | 8.04% | 7.13% |
Average Days of Receivables |
39.25 | 36.18 | 28.32 | 33.15 | 38.96 | 34.35 | 27.74 | 84.32 | 55.26 | 39.07 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
4.65% | 4.42% | 3.58% | 3.88% | 3.97% | 3.55% | 3.33% | 4.62% | 6.01% | 5.97% |
Intangible Assets out of Total Assets |
0.19 | 0.18 | 0.17 | 0.19 | 0.20 | 0.20 | 0.19 | 0.19 | 0.18 | 0.18 |
Share Based Compensation of Revenue |
1.10% | 1.37% | 0.81% | 0.21% | (0.27%) | 0.79% | 0.68% | (0.05%) | (0.09%) | 0.06% |
Graham Net Nets |
(0.38) | (0.53) | (0.58) | (0.61) | (0.88) | (0.76) | (0.60) | (0.56) | (0.58) | (0.57) |
Graham Number |
15.13 | 25.71 | 26.92 | 30.58 | 0.00 | 24.64 | 41.03 | 30.26 | 31.10 | 28.14 |
Earnings Yield |
2.46% | 3.88% | 5.93% | 5.52% | (3.04%) | 5.18% | 11.99% | 6.48% | 5.95% | 4.99% |
Free Cash Flow Yield |
(3.92%) | (1.60%) | 5.33% | 3.55% | 7.02% | 9.53% | 9.92% | 8.05% | 7.92% | 8.60% |
Revenue per Share |
8.16 | 9.66 | 11.89 | 11.22 | 8.42 | 12.52 | 16.69 | 12.29 | 9.40 | 9.84 |
Operating CF per Share |
2.10 | 2.74 | 3.45 | 3.73 | 3.06 | 3.84 | 4.07 | 3.55 | 4.09 | 4.07 |
Capex per Share |
(3.32) | (3.33) | (1.87) | (2.41) | (1.40) | (0.95) | (0.80) | (0.79) | (1.17) | (0.79) |
Free Cash Flow per Share |
(1.23) | (0.59) | 1.58 | 1.32 | 1.66 | 2.89 | 3.28 | 2.76 | 2.93 | 3.27 |
Cash per Share |
0.09 | 0.59 | 0.32 | 0.25 | 0.14 | 0.08 | 0.25 | 0.26 | 0.20 | 0.15 |
Shareholders Equity per Share |
16.15 | 25.08 | 22.01 | 24.68 | 20.38 | 20.84 | 21.96 | 21.30 | 22.30 | 20.66 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
16.15 | 25.08 | 22.01 | 24.68 | 20.38 | 20.84 | 21.96 | 21.30 | 22.30 | 20.66 |
Free Cash Flow |
(476.53) | (249.93) | 798.50 | 673.72 | 912.97 | 1,589.42 | 1,811.47 | 1,515.68 | 1,676.35 | 1,900.90 |
Working Capital |
(82.32) | (92.57) | (368.01) | (354.19) | (591.23) | (913.60) | (526.13) | (435.59) | (974.28) | (576.85) |
Capital Expenditures |
(1,289.88) | (1,417.06) | (942.00) | (1,234.40) | (768.15) | (525.02) | (441.52) | (436.33) | (669.23) | (461.63) |
Net Current Asset Value |
(4,565.18) | (8,250.12) | (8,677.06) | (11,602.43) | (11,505.06) | (12,645.11) | (11,018.02) | (10,498.61) | (12,321.94) | (12,542.64) |
EV/EBIT |
25.04 | 24.88 | 13.23 | 16.57 | 7,050.27 | 15.17 | 9.22 | 13.46 | 18.20 | 15.47 |
Capex to Sales |
0.41 | 0.34 | 0.16 | 0.22 | 0.17 | 0.08 | 0.05 | 0.06 | 0.12 | 0.08 |
Price to Operating Income |
19.95 | 18.32 | 9.61 | 11.87 | 4,357.86 | 9.89 | 6.41 | 9.57 | 12.72 | 11.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
Cash ROIC |
(5.05%) | (1.49%) | 4.67% | 3.30% | 4.70% | 7.76% | 8.86% | 7.72% | 7.58% | 8.98% |
Accounts Receivable Turnover |
8.52 | 11.00 | 13.74 | 11.63 | 9.12 | 12.05 | 13.68 | 5.97 | 4.53 | 8.01 |
Accounts Payable Turnover |
5.18 | 5.91 | 7.20 | 5.65 | 4.65 | 6.67 | 7.53 | 5.16 | 3.45 | 3.76 |
Inventory Turnover |
20.90 | 23.01 | 29.82 | 31.56 | 24.09 | 20.52 | 26.94 | 20.53 | 12.73 | 16.23 |
Average Days of Payables |
73.73 | 65.54 | 53.71 | 71.28 | 67.88 | 64.88 | 51.56 | 65.97 | 107.85 | 100.58 |
Days of Inventory on Hand |
20.69 | 15.44 | 13.24 | 8.87 | 19.23 | 22.95 | 11.06 | 19.34 | 27.01 | 21.62 |
Average Receivables |
371.68 | 374.33 | 437.03 | 493.74 | 507.84 | 571.04 | 674.70 | 1,131.56 | 1,188.76 | 713.92 |
Average Payables |
465.70 | 518.56 | 584.76 | 691.46 | 672.83 | 715.22 | 906.37 | 903.06 | 859.38 | 911.33 |
Average Inventory |
115.36 | 133.14 | 141.18 | 123.86 | 129.97 | 232.49 | 253.46 | 226.80 | 233.18 | 211.46 |
Average Assets |
10,738.75 | 15,531.23 | 20,146.45 | 22,777.69 | 24,218.07 | 24,275.39 | 24,654.66 | 24,186.99 | 25,206.07 | 25,847.72 |
Average Common Equity |
5,040.51 | 6,969.39 | 9,028.29 | 9,826.79 | 9,709.87 | 9,230.72 | 9,949.21 | 10,265.88 | 10,642.38 | 10,982.54 |
Columns are period end dates