SPH · Suburban Propane Partners LP - 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.

Price · SPH

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.43B	$1.33B	$1.43B	$1.50B	$1.29B	$1.11B
Cost of Revenue	$563.71M	$522.20M	$590.13M	$712.12M	$485.48M	$382.95M
Gross Profit	$868.81M	$804.98M	$839.06M	$789.34M	$803.28M	$724.95M
R&D	-	-	-	-	-	-
SG&A	$96.38M	$89.89M	$91.57M	$81.76M	$74.10M	$65.93M
Total Operating Expenses	$1.23B	$1.16B	$1.22B	$1.30B	$1.08B	$967.63M
D&A	$72.04M	$66.97M	$62.58M	$58.85M	$104.56M	$116.79M
Operating Income	$206.31M	$171.25M	$206.85M	$206.33M	$213.24M	$140.27M
Interest Expense	$76.27M	$74.59M	$73.39M	$60.66M	$68.13M	$74.73M
Income Tax	$1.35M	$734.0K	$668.0K	$429.0K	$1.11M	($146.0K)
Net Income	$106.57M	$74.17M	$123.75M	$139.71M	$122.79M	$60.76M
EPS - Basic	$1.64	$1.15	$1.94	$2.21	$1.96	$0.98
EPS - Diluted	$1.62	$1.14	$1.92	$2.18	$1.94	$0.97

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$405.0K	$3.22M	$3.51M	$4.10M	$5.81M	$3.14M
Accounts Receivable	$69.48M	$66.44M	$67.69M	$78.53M	$71.37M	$55.44M
Inventory	$73.73M	$55.43M	$61.83M	$66.92M	$61.80M	$46.87M
Accounts Payable	$45.04M	$41.06M	$40.04M	$35.17M	$39.17M	$31.98M
Current Assets	$166.27M	$157.54M	$164.00M	$174.86M	$180.11M	$115.96M
Total Assets	$2.30B	$2.27B	$2.27B	$2.10B	$2.05B	$2.05B
Current Liabilities	$302.82M	$306.12M	$307.82M	$306.62M	$287.15M	$244.52M
Long-term Debt	$1.21B	$1.21B	$1.19B	$1.08B	$1.12B	$1.21B
Total Liabilities	$1.70B	$1.73B	$1.72B	$1.61B	$1.63B	$1.68B
Stockholders' Equity	-	-	-	-	-	-
Retained Earnings	-	-	-	-	-	-

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$186.26M	$160.59M	$225.24M	$220.55M	$226.55M	$209.35M
Investing Cash Flow	($128.25M)	($81.64M)	($170.64M)	($94.44M)	($34.08M)	($53.24M)
Financing Cash Flow	($66.74M)	($72.50M)	($44.63M)	($127.82M)	($189.81M)	($155.41M)
CapEx	$71.96M	$59.43M	$44.95M	$44.35M	$29.86M	$32.50M
Free Cash Flow	$114.30M	$101.16M	$180.29M	$176.19M	$196.70M	$176.86M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	60.6%	60.7%	58.7%	52.6%	62.3%	65.4%
Operating margin	14.4%	12.9%	14.5%	13.7%	16.5%	12.7%
EBITDA margin	19.4%	17.9%	18.9%	17.7%	24.7%	23.2%
Net margin	7.4%	5.6%	8.7%	9.3%	9.5%	5.5%
Free cash flow margin	8.0%	7.6%	12.6%	11.7%	15.3%	16.0%
FCF / Net income	1.07	1.36	1.46	1.26	1.60	2.91
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	6.7%	6.8%	6.4%	5.4%	5.7%	6.0%
Effective tax rate	1.2%	1.0%	0.5%	0.3%	0.9%	-0.2%
Return on assets	4.6%	3.3%	5.5%	6.6%	6.0%	3.0%
Return on equity	-	-	-	-	-	-
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	0.55	0.51	0.53	0.57	0.63	0.47
Quick ratio	0.31	0.33	0.33	0.35	0.41	0.28
Cash ratio	0.00	0.01	0.01	0.01	0.02	0.01
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	0.53	0.53	0.52	0.51	0.54	0.59
Debt / EBITDA	4.35	5.08	4.41	4.06	3.52	4.71
Interest coverage	2.7x	2.3x	2.8x	3.4x	3.1x	1.9x
Equity multiplier	-	-	-	-	-	-
Liabilities / Assets	0.74	0.76	0.76	0.76	0.79	0.82
Efficiency
Asset turnover	0.62	0.58	0.63	0.71	0.63	0.54
Inventory turnover	7.65	9.42	9.54	10.64	7.86	8.17
Days sales outstanding	18d	18d	17d	19d	20d	18d
Days inventory outstanding	48d	39d	38d	34d	46d	45d
Days payable outstanding	29d	29d	25d	18d	29d	30d
Cash conversion cycle	36d	28d	31d	35d	37d	32d
Valuation
P / E	11.5x	15.7x	8.4x	6.9x	7.8x	15.3x
P / B	-	-	-	-	-	-
P / S	0.9x	0.9x	0.7x	0.6x	0.7x	0.8x
EV / EBITDA	8.7x	10.0x	8.2x	7.7x	6.5x	8.3x
Growth
Revenue growth (YoY)	7.9%	-7.1%	-4.8%	16.5%	16.3%	-12.6%
Revenue CAGR (3y)	-1.6%	1.0%	8.9%	5.8%	2.8%	-2.3%
Revenue CAGR (5y)	5.3%	0.9%	3.8%	4.8%	4.3%	-4.8%
Gross profit growth (YoY)	7.9%	-4.1%	6.3%	-1.7%	10.8%	-2.8%
Operating income growth (YoY)	20.5%	-17.2%	0.3%	-3.2%	52.0%	-7.0%
Net income growth (YoY)	43.7%	-40.1%	-11.4%	13.8%	102.1%	-11.5%
EPS growth (YoY)	42.1%	-40.6%	-11.9%	12.4%	100.0%	-11.8%
EPS CAGR (3y)	-9.4%	-16.2%	25.6%	25.6%	16.1%	16.1%
EPS CAGR (5y)	10.8%	0.7%	9.1%	28.6%	51.9%	-6.8%
FCF growth (YoY)	13.0%	-43.9%	2.3%	-10.4%	11.2%	-7.8%
FCF CAGR (5y)	-8.4%	-12.0%	7.0%	5.9%	10.6%	0.4%
Book value growth (YoY)	-	-	-	-	-	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-09-27.

Business segments

$1.43B total

Propane$1.27B · 88.3%

All Other Segments$75.08M · 5.2%

Fuel Oil And Refined Fuels$67.35M · 4.7%

Natural Gas And Electricity$24.59M · 1.7%

Product / service

$2.24B total

Propane$1.27B · 56.5%

Retail$766.53M · 34.2%

Other Sales Revenue Net$75.08M · 3.4%

Fuel Oil And Refined Fuels$67.35M · 3.0%

Wholesale$39.86M · 1.8%

Natural Gas And Electricity$24.59M · 1.1%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

6/9

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: Retail-Miscellaneous Retail

Company	Revenue (last FY)	Net margin	ROE
REAL	$692.85M	-6.0%	10.1%
FCFS	$3.66B	9.0%	14.5%
WINA	$86.06M	48.4%	-77.6%
SVV	$1.68B	1.3%	5.2%
EZPW	$1.27B	8.6%	10.7%

Comparing SUBURBAN PROPANE PARTNERS LP against the 5 most active filers in the same SIC group.

Dividends

$1.30/share trailing 12 months · 0.0% YoY

Ex-date	Per share
May 5, 2026	$0.3250
Feb 3, 2026	$0.3250
Nov 4, 2025	$0.3250
Aug 5, 2025	$0.3250
May 6, 2025	$0.3250
Feb 4, 2025	$0.3250
Nov 5, 2024	$0.3250
Aug 6, 2024	$0.3250
May 6, 2024	$0.3250
Feb 5, 2024	$0.3250
Nov 6, 2023	$0.3250
Jul 31, 2023	$0.3250
May 1, 2023	$0.3250
Jan 30, 2023	$0.3250
Oct 31, 2022	$0.3250
Aug 1, 2022	$0.3250
May 2, 2022	$0.3250
Jan 31, 2022	$0.3250
Nov 1, 2021	$0.3250
Aug 2, 2021	$0.3250
May 3, 2021	$0.3000
Feb 1, 2021	$0.3000
Nov 2, 2020	$0.3000
Aug 3, 2020	$0.3000