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Pipe lines (no natural gas) company · DE · FY ends Dec · Revenue $45.26B · 3.26% margin · $2.08B FCF
Operating margin is thin at 3.23%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 9.5% YoY. The question is whether this is cyclical or a structural shift.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$45.26B
▼ -9.5% YoY
Net Income (TTM)
$196M
▲ +152.4% YoY
Op. Margin
3.26%
▲ +1.5pp YoY
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
$2.08B
▲ +12.4% YoY
Op. Cash Flow (TTM)
$2.71B
▲ +18.0% YoY
Net Debt
$1.55B
Cash & Equiv.
$172M
5Y CAGR: +13.7%
5Y CAGR: +24.3%
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