Ferrellgas Part Financials

FGPR

Source SEC Filings (10-K/10-Q) Data as of Apr 30, 2026 Currency USD FYE July

This page shows Ferrellgas Part (FGPR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FGPR FY2025 2026-06-11

A high-interest, cash-generative distribution business saw overhead expansion overpower a modest sales recovery.

In FY2025, overhead expansion absorbed the sales rebound: revenue rose about 5.5% while operating margin fell to 4.7% from a low-teens level the year before. That mattered because interest expense of $108.1M exceeded operating income of $90.1M, so financing costs, not demand alone, pushed results back into a net loss.

Cash conversion stayed much healthier than reported earnings: despite net income of -$15.6M, operating cash flow was $136.3M. After capex, free cash flow remained positive, which means the core operation still generated cash even in a year when the income statement looked strained.

Leverage shapes the whole operating model, because long-term debt of $1.45B is slightly larger than total assets of $1.38B. With only $28.4M of cash and a current ratio near 1.0x, liquidity appears manageable rather than roomy, so execution mistakes have less balance-sheet cushioning than in the prior two years.

Financial Health Signals

Financial health score pending refresh

We are recalculating Ferrellgas Part's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

4/7

Ferrellgas Part passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-8.76x

For every $1 of reported earnings, Ferrellgas Part generates $-8.76 in operating cash flow ($136.3M OCF vs -$15.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

0.8x

Ferrellgas Part earns $0.8 in operating income for every $1 of interest expense ($90.1M vs $108.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.9B

YoY+5.5%

5Y CAGR+5.3%

10Y CAGR-0.4%

Ferrellgas Part generated $1.9B in revenue in fiscal year 2025. This represents an increase of 5.5% from the prior year.

EBITDA

$188.5M

YoY-37.9%

5Y CAGR-3.8%

10Y CAGR-1.9%

Ferrellgas Part's EBITDA was $188.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 37.9% from the prior year.

Net Income

-$15.6M

YoY-114.1%

Ferrellgas Part reported -$15.6M in net income in fiscal year 2025. This represents a decrease of 114.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$56.3M

YoY-67.8%

5Y CAGR-1.2%

10Y CAGR-8.1%

Ferrellgas Part generated $56.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 67.8% from the prior year.

Cash & Debt

$28.4M

YoY-23.3%

5Y CAGR-32.5%

10Y CAGR+12.3%

Ferrellgas Part held $28.4M in cash against $1.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

4.7%

YoY-6.5pp

5Y CAGR-5.3pp

10Y CAGR-1.8pp

Ferrellgas Part's operating margin was 4.7% in fiscal year 2025, reflecting core business profitability. This is down 6.5 percentage points from the prior year.

Net Margin

-0.8%

YoY-6.8pp

5Y CAGR+4.7pp

10Y CAGR-2.3pp

Ferrellgas Part's net profit margin was -0.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.8 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$80.0M

YoY+12.9%

5Y CAGR+2.6%

10Y CAGR+1.0%

Ferrellgas Part invested $80.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 12.9% from the prior year.

FGPR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.9B+5.5%	$1.8B-9.3%	$2.0B-4.2%	$2.1B+20.5%	$1.8B+17.1%	$1.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$178.6M+254.8%	$50.3M-28.8%	$70.7M+34.0%	$52.8M-12.1%	$60.1M+31.3%	$45.8M
Operating Income	$90.1M-56.1%	$205.1M-12.2%	$233.7M-4.7%	$245.1M+13.3%	$216.3M+45.5%	$148.7M
Interest Expense	$108.1M+10.0%	$98.2M+0.5%	$97.7M-2.4%	$100.1M-42.3%	$173.6M-10.0%	$193.0M
Income Tax	$1.4M+100.0%	$686K-30.1%	$981K0.0%	$981K+32.4%	$741K-12.9%	$851K
Net Income	-$15.6M-114.1%	$110.2M-19.5%	$136.9M-7.5%	$148.0M+316.3%	-$68.4M+17.1%	-$82.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$524.6M-18.2%	$641.4M+80.6%	$355.2M+3.4%	$343.6M-38.7%	$560.8M-16.3%	$669.8M+84.0%	$364.1M+6.9%	$340.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$10.9M-6.4%	$11.7M-2.8%	$12.0M+6.7%	$11.3M-11.5%	$12.7M-23.9%	$16.7M-87.9%	$137.9M+1865.3%	$7.0M
Operating Income	$60.1M-55.9%	$136.2M+7169.7%	$1.9M+199.2%	-$1.9M-102.2%	$87.3M-31.6%	$127.6M+203.8%	-$122.9M-4413.2%	$2.9M
Interest Expense	$32.4M-2.5%	$33.2M+24.5%	$26.7M+2.7%	$25.9M-7.8%	$28.1M+0.9%	$27.9M+6.9%	$26.1M+4.2%	$25.0M
Income Tax	$260K-21.2%	$330K+98.8%	$166K-61.3%	$429K+13.5%	$378K-1.8%	$385K+113.9%	$180K+820.0%	-$25K
Net Income	$28.0M-72.6%	$102.2M+479.5%	-$26.9M-0.3%	-$26.8M-145.4%	$59.1M-40.2%	$98.8M+167.4%	-$146.7M-605.7%	-$20.8M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FGPR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.4B-2.5%	$1.4B-4.0%	$1.5B-4.3%	$1.5B-13.5%	$1.8B+7.5%	$1.7B
Current Assets	$299.3M-11.7%	$338.8M-11.5%	$382.6M-10.5%	$427.6M-34.5%	$652.6M+21.3%	$538.1M
Cash & Equivalents	$28.4M-23.3%	$37.0M-43.9%	$66.0M+49.4%	$44.2M-71.9%	$157.4M-22.3%	$202.6M
Inventory	$91.9M-9.1%	$101.1M-4.5%	$105.8M-11.9%	$120.1M-8.5%	$131.3M+66.2%	$79.0M
Accounts Receivable	$127.5M	N/A	N/A	N/A	N/A	N/A
Goodwill	$257.2M0.0%	$257.2M+0.1%	$257.0M0.0%	$257.0M+2.4%	$251.1M+1.7%	$246.9M
Total Liabilities	N/A	N/A	N/A	N/A	N/A	$2.9B
Current Liabilities	$289.0M-19.1%	$357.1M+43.6%	$248.7M-20.1%	$311.4M-20.2%	$390.2M-65.1%	$1.1B
Long-Term Debt	$1.5B-0.6%	$1.5B+0.4%	$1.5B+0.3%	$1.5B+0.3%	$1.4B-12.2%	$1.6B
Total Equity	N/A	N/A	N/A	N/A	N/A	-$1.2B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$1.5B-4.9%	$1.5B+12.0%	$1.4B-2.7%	$1.4B-5.3%	$1.5B-1.5%	$1.5B+7.4%	$1.4B-3.1%	$1.5B
Current Assets	$371.1M-18.2%	$453.5M+51.5%	$299.3M-12.7%	$342.7M-16.1%	$408.3M-7.1%	$439.6M+29.8%	$338.8M-9.7%	$375.2M
Cash & Equivalents	$73.4M-16.9%	$88.4M+211.4%	$28.4M-70.7%	$96.9M-11.4%	$109.3M+177.4%	$39.4M+6.5%	$37.0M-67.4%	$113.5M
Inventory	$79.5M-7.1%	$85.5M-6.9%	$91.9M+4.6%	$87.8M+2.0%	$86.1M-17.7%	$104.6M+3.5%	$101.1M+5.2%	$96.0M
Accounts Receivable	$178.7M	N/A	N/A	$127.5M	N/A	N/A	N/A	N/A
Goodwill	$257.2M0.0%	$257.2M0.0%	$257.2M0.0%	$257.2M0.0%	$257.2M0.0%	$257.2M0.0%	$257.2M+0.1%	$257.0M
Total Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Liabilities	$351.7M+0.3%	$350.8M+21.4%	$289.0M-68.4%	$914.5M-3.5%	$947.8M+160.9%	$363.3M+1.7%	$357.1M+47.1%	$242.8M
Long-Term Debt	$1.5B+0.1%	$1.5B+0.1%	$1.5B+78.2%	$815.5M+0.2%	$814.0M-44.4%	$1.5B+0.1%	$1.5B+0.1%	$1.5B
Total Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FGPR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$136.3M-44.5%	$245.6M+15.7%	$212.3M+32.3%	$160.5M-22.3%	$206.4M+58.4%	$130.4M
Capital Expenditures	$80.0M+12.9%	$70.9M-20.3%	$88.9M-6.6%	$95.2M+60.2%	$59.4M-15.6%	$70.5M
Free Cash Flow	$56.3M-67.8%	$174.7M+41.6%	$123.3M+89.1%	$65.2M-55.6%	$147.0M+145.4%	$59.9M
Investing Cash Flow	-$80.8M+5.0%	-$85.0M+23.2%	-$110.8M+0.9%	-$111.8M-83.4%	-$61.0M+14.5%	-$71.3M
Financing Cash Flow	-$82.8M+52.3%	-$173.7M-41.4%	-$122.9M+28.5%	-$171.9M+12.9%	-$197.3M-174.8%	$263.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$118.5M+191.3%	$40.7M+578.8%	-$8.5M-143.0%	$19.8M-83.3%	$118.0M+258.3%	$32.9M+196.0%	-$34.3M-149.2%	$69.6M
Capital Expenditures	$27.6M+22.4%	$22.5M+3.8%	$21.7M+83.5%	$11.8M-55.4%	$26.5M+34.2%	$19.7M-10.4%	$22.0M+1510.8%	$1.4M
Free Cash Flow	$91.0M+400.2%	$18.2M+160.3%	-$30.2M-480.1%	$7.9M-91.3%	$91.5M+593.2%	$13.2M+123.5%	-$56.3M-182.4%	$68.3M
Investing Cash Flow	-$27.1M-23.3%	-$22.0M-3.4%	-$21.3M-94.0%	-$11.0M+57.1%	-$25.6M-33.6%	-$19.1M+23.9%	-$25.1M-2352.1%	-$1.0M
Financing Cash Flow	-$106.4M-357.4%	$41.3M+206.7%	-$38.7M-82.5%	-$21.2M+5.6%	-$22.5M-2.1%	-$22.0M-28.5%	-$17.1M+5.3%	-$18.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FGPR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	4.7%-6.5pp	11.2%-0.4pp	11.5%-0.1pp	11.6%-0.7pp	12.3%+2.4pp	9.9%
Net Margin	-0.8%-6.8pp	6.0%-0.8pp	6.8%-0.3pp	7.0%+10.9pp	-3.9%+1.6pp	-5.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1.1%-8.9pp	7.8%-1.5pp	9.3%-0.3pp	9.6%+13.5pp	-3.9%+1.1pp	-5.0%
Current Ratio	1.04+0.1	0.95-0.6	1.54+0.2	1.37-0.3	1.67+1.2	0.48
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	-1.35
FCF Margin	2.9%-6.6pp	9.5%+3.4pp	6.1%+3.0pp	3.1%-5.3pp	8.4%+4.4pp	4.0%

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	11.5%-9.8pp	21.2%+20.7pp	0.5%+1.1pp	-0.5%-16.1pp	15.6%-3.5pp	19.1%+52.8pp	-33.8%-34.6pp	0.8%
Net Margin	5.3%-10.6pp	15.9%+23.5pp	-7.6%+0.2pp	-7.8%-18.4pp	10.5%-4.2pp	14.8%+55.0pp	-40.3%-34.2pp	-6.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	1.9%-4.7pp	6.6%+8.6pp	-1.9%-0.1pp	-1.9%-5.8pp	4.0%-2.6pp	6.5%+16.9pp	-10.4%-9.0pp	-1.4%
Current Ratio	1.05-0.2	1.29+0.3	1.04+0.7	0.37-0.1	0.43-0.8	1.21+0.3	0.95-0.6	1.55
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	17.3%+14.5pp	2.8%+11.3pp	-8.5%-10.8pp	2.3%-14.0pp	16.3%+14.3pp	2.0%+17.4pp	-15.5%-35.5pp	20.1%

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Frequently Asked Questions

What is Ferrellgas Part's annual revenue?

Ferrellgas Part (FGPR) reported $1.9B in total revenue for fiscal year 2025. This represents a 5.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ferrellgas Part's revenue growing?

Ferrellgas Part (FGPR) revenue grew by 5.5% year-over-year, from $1.8B to $1.9B in fiscal year 2025.

Is Ferrellgas Part profitable?

No, Ferrellgas Part (FGPR) reported a net income of -$15.6M in fiscal year 2025, with a net profit margin of -0.8%.

What is Ferrellgas Part's EBITDA?

Ferrellgas Part (FGPR) had EBITDA of $188.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Ferrellgas Part have?

As of fiscal year 2025, Ferrellgas Part (FGPR) had $28.4M in cash and equivalents against $1.5B in long-term debt.

What is Ferrellgas Part's operating margin?

Ferrellgas Part (FGPR) had an operating margin of 4.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Ferrellgas Part's net profit margin?

Ferrellgas Part (FGPR) had a net profit margin of -0.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ferrellgas Part's free cash flow?

Ferrellgas Part (FGPR) generated $56.3M in free cash flow during fiscal year 2025. This represents a -67.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ferrellgas Part's operating cash flow?

Ferrellgas Part (FGPR) generated $136.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ferrellgas Part's total assets?

Ferrellgas Part (FGPR) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ferrellgas Part's capital expenditures?

Ferrellgas Part (FGPR) invested $80.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Ferrellgas Part's current ratio?

Ferrellgas Part (FGPR) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

What is Ferrellgas Part's return on assets (ROA)?

Ferrellgas Part (FGPR) had a return on assets of -1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ferrellgas Part's Piotroski F-Score?

Ferrellgas Part (FGPR) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ferrellgas Part's earnings high quality?

Ferrellgas Part (FGPR) has an earnings quality ratio of -8.76x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Ferrellgas Part cover its interest payments?

Ferrellgas Part (FGPR) has an interest coverage ratio of 0.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.