MMLP · Martin Midstream Partners L.P. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $716.11M | $707.62M | $797.96M | $1.02B | $672.14M | $847.12M |
| Cost of Revenue | $318.62M | $297.04M | $389.68M | $623.31M | $356.93M | $492.80M |
| Gross Profit | $397.49M | $410.59M | $408.28M | $395.57M | $315.22M | $354.32M |
| R&D | - | - | - | - | - | - |
| SG&A | $42.00M | $48.50M | $40.83M | $41.81M | $40.90M | $41.43M |
| Total Operating Expenses | $669.25M | $651.91M | $732.61M | $973.28M | $643.03M | $803.60M |
| D&A | $50.20M | $50.79M | $49.90M | $56.28M | $61.46M | $60.06M |
| Operating Income | $48.90M | $57.30M | $66.72M | $51.26M | $46.50M | $58.10M |
| Interest Expense | $57.79M | $57.71M | - | - | - | - |
| Income Tax | $4.77M | $4.20M | $5.92M | $7.93M | $1.74M | $1.90M |
| Net Income | ($14.74M) | ($5.21M) | ($4.55M) | ($10.33M) | ($6.77M) | ($174.95M) |
| EPS - Basic | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $49.0K | $55.0K | $54.0K | $45.0K | $52.0K | $75.0K |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | $50.25M | $51.71M | $43.82M | $109.80M | $62.12M | $62.54M |
| Accounts Payable | $57.81M | $61.60M | $51.65M | $68.20M | $70.34M | $64.80M |
| Current Assets | $129.91M | $130.48M | $114.31M | $211.13M | $173.69M | $181.36M |
| Total Assets | $522.42M | $538.51M | $509.38M | $598.85M | $579.86M | $667.16M |
| Current Liabilities | $124.14M | $115.50M | $100.56M | $110.92M | $104.09M | $107.28M |
| Long-term Debt | $428.01M | $437.63M | $421.17M | $512.87M | $498.87M | $569.79M |
| Total Liabilities | $608.21M | $608.95M | $574.00M | $658.30M | $627.90M | $703.35M |
| Stockholders' Equity | - | - | - | - | - | - |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $46.13M | $48.35M | $137.47M | $16.15M | $64.78M | $75.81M |
| Investing Cash Flow | ($30.01M) | ($58.60M) | ($33.66M) | ($24.64M) | $2.60M | $174.83M |
| Financing Cash Flow | ($16.12M) | $10.25M | ($103.80M) | $8.49M | ($65.29M) | ($248.09M) |
| CapEx | $24.77M | $42.01M | $34.32M | $27.24M | $28.62M | $30.62M |
| Free Cash Flow | $21.36M | $6.34M | $103.15M | ($11.09M) | $36.16M | $45.19M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2019 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 55.5% | 58.0% | 51.2% | 38.8% | 46.9% | 41.8% |
| Operating margin | 6.8% | 8.1% | 8.4% | 5.0% | 6.9% | 6.9% |
| EBITDA margin | 13.8% | 15.3% | 14.6% | 10.6% | 16.1% | 13.9% |
| Net margin | -2.1% | -0.7% | -0.6% | -1.0% | -1.0% | -20.7% |
| Free cash flow margin | 3.0% | 0.9% | 12.9% | -1.1% | 5.4% | 5.3% |
| FCF / Net income | -1.45 | -1.22 | -22.68 | 1.07 | -5.34 | -0.26 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 5.9% | 6.9% | 5.1% | 4.1% | 6.1% | 4.9% |
| Effective tax rate | - | - | 432.3% | - | - | - |
| Return on assets | -2.8% | -1.0% | -0.9% | -1.7% | -1.2% | -26.2% |
| Return on equity | - | - | - | - | - | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.05 | 1.13 | 1.14 | 1.90 | 1.67 | 1.69 |
| Quick ratio | 0.64 | 0.68 | 0.70 | 0.91 | 1.07 | 1.11 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | 0.82 | 0.81 | 0.83 | 0.86 | 0.86 | 0.85 |
| Debt / EBITDA | 4.32 | 4.05 | 3.61 | 4.77 | 4.62 | 4.82 |
| Interest coverage | 0.8x | 1.0x | - | - | - | - |
| Equity multiplier | - | - | - | - | - | - |
| Liabilities / Assets | 1.16 | 1.13 | 1.13 | 1.10 | 1.08 | 1.05 |
| Efficiency | ||||||
| Asset turnover | 1.37 | 1.31 | 1.57 | 1.70 | 1.16 | 1.27 |
| Inventory turnover | 6.34 | 5.74 | 8.89 | 5.68 | 5.75 | 7.88 |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | 58d | 64d | 41d | 64d | 64d | 46d |
| Days payable outstanding | 66d | 76d | 48d | 40d | 72d | 48d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 1.2% | -11.3% | -21.7% | 51.6% | - | 2.4% |
| Revenue CAGR (3y) | -11.1% | 1.7% | - | 6.3% | -6.7% | 0.8% |
| Revenue CAGR (5y) | - | -3.5% | -0.7% | 1.5% | -4.1% | -12.5% |
| Gross profit growth (YoY) | -3.2% | 0.6% | 3.2% | 25.5% | - | 1.5% |
| Operating income growth (YoY) | -14.7% | -14.1% | 30.2% | 10.2% | - | 29.7% |
| Net income growth (YoY) | -183.2% | -14.5% | 56.0% | -52.6% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 236.7% | -93.9% | - | - | - | -15.7% |
| FCF CAGR (5y) | - | -32.5% | 14.0% | - | -12.5% | 7.6% |
| Book value growth (YoY) | - | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$716.11M totalSpecialty Products Segment$248.69M · 34.7%
Transportation Segment$212.51M · 29.7%
Sulfur Services Segment$164.08M · 22.9%
Terminalling And Storage Segment$90.83M · 12.7%
Product / service
$1.72B totalProduct$396.33M · 23.0%
Specialty Products$248.69M · 14.4%
Transportation$212.51M · 12.3%
Land Transportation$156.30M · 9.1%
Sulfur Service Product Sales$147.64M · 8.6%
Natural Gas Liquids Product$139.94M · 8.1%
Fertilizer Product$109.26M · 6.3%
Lubricant Product$108.75M · 6.3%
Terminalling And Storage$90.83M · 5.3%
Inland Transportation$46.95M · 2.7%
Sulfur Product$38.38M · 2.2%
Sulfur Service Products$16.44M · 1.0%
Offshore Transportation$9.25M · 0.5%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Wholesale-Petroleum Bulk Stations & Terminals
Comparing MARTIN MIDSTREAM PARTNERS L.P. against the 2 most active filers in the same SIC group.
Dividends
$0.02/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 8, 2026 | $0.0050 |
| Feb 6, 2026 | $0.0050 |
| Nov 7, 2025 | $0.0050 |
| Aug 7, 2025 | $0.0050 |
| May 8, 2025 | $0.0050 |
| Feb 7, 2025 | $0.0050 |
| Nov 7, 2024 | $0.0050 |
| Aug 7, 2024 | $0.0050 |
| May 7, 2024 | $0.0050 |
| Feb 6, 2024 | $0.0050 |
| Nov 6, 2023 | $0.0050 |
| Aug 4, 2023 | $0.0050 |
| May 5, 2023 | $0.0050 |
| Feb 6, 2023 | $0.0050 |
| Nov 4, 2022 | $0.0050 |
| Aug 4, 2022 | $0.0050 |
| May 5, 2022 | $0.0050 |
| Feb 4, 2022 | $0.0050 |
| Nov 4, 2021 | $0.0050 |
| Aug 5, 2021 | $0.0050 |
| May 6, 2021 | $0.0050 |
| Feb 4, 2021 | $0.0050 |
| Nov 5, 2020 | $0.0050 |
| Aug 6, 2020 | $0.0050 |