Suburban Propane Partners, L.P. (SPH)
Utilities · Utilities - Regulated Gas · NYSE
Suburban Propane Partners, L.P. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.19B | $1.34B | $1.27B | $1.11B | $1.29B | $1.50B | $1.43B | $1.33B | $1.43B |
| Gross profit | $684.16M | $711.23M | $751.78M | $745.72M | $724.95M | $803.28M | $789.34M | $839.06M | $804.98M | $868.81M |
| Net income | $14.44M | $37.99M | $76.53M | $68.63M | $60.76M | $122.79M | $139.71M | $123.75M | $74.17M | $106.57M |
| Net margin | 1.4% | 3.2% | 5.7% | 5.4% | 5.5% | 9.5% | 9.3% | 8.7% | 5.6% | 7.4% |
Source: Suburban Propane Partners, L.P. SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into SPH stock?
At today's market cap of $1.27B, Suburban Propane Partners, L.P. is priced for free-cash-flow growth of about -0.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $114.30M from the FY ending 2025-09-30). For comparison, free cash flow actually grew -8.4%/yr over the last five fiscal years and revenue 5.3%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Suburban Propane Partners, L.P. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Suburban Propane Partners, L.P. financial history by metric
About Suburban Propane Partners, L.P.
Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, renewable natural gas, fuel oil, and refined fuels in the United States. It operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane for space heating, water heating, cooking, and clothes drying for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces as a cutting gas to the industrial customers; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets. It also engages in the wholesale distribution of propane to industrial end users. Its Fuel Oil and Refined Fuels segment engages in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers for use in primarily as a source of heat in homes and buildings. The Natural Gas and Electricity segment markets natural gas and electricity to residential and commercial customers in the deregulated energy markets. Its All Other segment sells, installs, and services a range of home comfort equipment, including whole-house heating products, air cleaners, humidifiers, and space heaters. The company serves residential, commercial, industrial, and agricultural customers. Suburban Propane Partners, L.P. was founded in 1945 and is based in Whippany, New Jersey.
Suburban Propane Partners, L.P. — frequently asked questions
What is Suburban Propane Partners, L.P.'s revenue?
Suburban Propane Partners, L.P. (SPH) reported revenue of $1.43B for fiscal year 2025, up 7.9% from the prior year, according to its SEC filings.
Is Suburban Propane Partners, L.P. profitable?
Yes. SPH earned net income of $106.57M in fiscal 2025, a net margin of 7.4%.
What is SPH's P/E ratio?
Suburban Propane Partners, L.P. trades at a price-to-earnings ratio of about 9.7 based on the latest data in our nightly-refreshed cache.
How fast is Suburban Propane Partners, L.P. growing?
SPH's revenue grew at roughly 5.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Suburban Propane Partners, L.P. have?
As of fiscal year 2025, SPH carried roughly $1.21B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Suburban Propane Partners, L.P.'s gross margin?
SPH's gross margin was 60.6% in fiscal 2025 — gross profit of $868.81M on revenue of $1.43B.
What is Suburban Propane Partners, L.P.'s market cap?
Suburban Propane Partners, L.P. (SPH) has a market capitalization of about $1.27B, based on the latest data in our nightly-refreshed cache.
When does Suburban Propane Partners, L.P.'s fiscal year end?
SPH's fiscal year ends in September. Its most recent annual filing covers the fiscal year ending 2025-09-30.
What growth is priced into SPH stock?
At today's market cap of $1.27B, Suburban Propane Partners, L.P. is priced for free-cash-flow growth of about -0.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $114.30M from the FY ending 2025-09-30). For comparison, free cash flow actually grew -8.4%/yr over the last five fiscal years and revenue 5.3%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Suburban Propane Partners, L.P.'s official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.