What is Suburban Propane Partners L P's earnings per share (EPS)?

Suburban Propane Partners L P (SPH) reported diluted earnings per share of $1.62 for fiscal year 2025. This represents a 42.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Suburban Propane Partners L P (SPH) Financials

SPH

Trailing 12 months to June 27, 2026

Revenue $1.4B -2.5% YoY

Net Income $130.7M +34.5% YoY

EPS (Diluted) $1.94 +31.1% YoY

Free Cash Flow $101.3M -2.9% YoY

Market Cap $1.1B as of Oct 10, 2026

Price / Sales 0.8x on $1.4B revenue, trailing 12 months to June 27, 2026

Price / Earnings 8.7x on $130.7M net income, trailing 12 months to June 27, 2026

Price / Book 1.6x on $713.0M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 27, 2026 Reported Aug 6, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SPH SEC filings page.

Suburban Propane Partners L P (SPH) reported $1.4B in revenue over the twelve months to Jun 27, 2026, down 2.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 SPH FY2025 2026-10-03

The FY2025 recovery came through operating efficiency, while debt and reinvestment still constrain financial flexibility.

Cash conversion was stronger than net income alone suggests: operating cash flow reached $186M versus net income of $107M. After capital spending, free cash flow retained only about three-fifths of operating cash flow, showing that maintaining the business absorbs a meaningful share of internally generated cash.

Gross margin held at 60.7% in both FY2024 and FY2025, so the recovery did not depend on a richer gross-profit mix. Operating margin rose from 12.9% to 14.4%, pointing to operating-cost absorption or discipline rather than changed product economics.

The balance sheet remains structurally leveraged: debt-to-equity was 2.0x, while long-term debt was $1.21B. A current ratio of 0.5x means current assets did not cover current liabilities, leaving less short-term flexibility than the cash-generation figures alone suggest.

Financial Health Signals

Financial Health Score 51/100

Scored as: Utilities peer group

Scored against utilities for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Suburban Propane Partners L P's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Suburban Propane Partners L P has an operating margin of 14.4%, meaning the company retains $14 of operating profit per $100 of revenue. This results in a moderate score of 47/100, indicating healthy but not exceptional operating efficiency. This is up from 12.9% the prior year.

Growth

Suburban Propane Partners L P's revenue grew 7.9% year-over-year to $1.4B, a solid pace of expansion. This earns a growth score of 23/100.

Leverage

Suburban Propane Partners L P has a moderate D/E ratio of 2.02. This balance of debt and equity financing earns a leverage score of 48/100.

Liquidity

Suburban Propane Partners L P's current ratio of 0.55 is below the typical benchmark, resulting in a score of 15/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Suburban Propane Partners L P converts 8.0% of revenue into free cash flow ($114.3M). This strong cash generation earns a score of 88/100.

Returns

Suburban Propane Partners L P earns a strong 17.8% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 84/100. This is up from 13.6% the prior year.

Piotroski F-Score Strong

7/9

Suburban Propane Partners L P passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.75x

For every $1 of reported earnings, Suburban Propane Partners L P generates $1.75 in operating cash flow ($186.3M OCF vs $106.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.71x

Suburban Propane Partners L P earns $2.71 in operating income for every $1 of interest expense ($206.3M vs $76.3M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$261.4M

YoY+0.5%

QoQ-52.6%

5Y CAGR+1.9%

10Y CAGR+2.5%

Suburban Propane Partners L P generated $261.4M in revenue in Q3 2026. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is down 52.6%.

EBITDA

$18.9M

YoY-22.3%

QoQ-89.1%

5Y CAGR-11.7%

10Y CAGR-1.3%

Suburban Propane Partners L P's EBITDA was $18.9M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 22.3% from the same quarter a year earlier. Against the prior quarter it is down 89.1%.

Net Income

-$17.5M

YoY-18.1%

QoQ-112.7%

Suburban Propane Partners L P reported -$17.5M in net income in Q3 2026. This represents a decrease of 18.1% from the same quarter a year earlier. Against the prior quarter it is down 112.7%.

EPS (Diluted)

-$0.26

YoY-13.0%

QoQ-112.6%

Suburban Propane Partners L P earned -$0.26 per diluted share (EPS) in Q3 2026. This represents a decrease of 13.0% from the same quarter a year earlier. Against the prior quarter it is down 112.6%.

Cash & Balance Sheet

Free Cash Flow

$49.5M

YoY-38.8%

QoQ-45.9%

5Y CAGR-7.1%

10Y CAGR+2.0%

Suburban Propane Partners L P generated $49.5M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 38.8% from the same quarter a year earlier. Against the prior quarter it is down 45.9%.

Cash & Debt

$5.0M

YoY+275.7%

QoQ+17.3%

5Y CAGR-3.5%

10Y CAGR-22.9%

Suburban Propane Partners L P held $5.0M in cash against $1.2B in long-term debt as of Q3 2026.

Shares Outstanding

67M

YoY+1.9%

QoQ+0.6%

5Y CAGR+1.3%

10Y CAGR+0.9%

Suburban Propane Partners L P had 67M shares outstanding in Q3 2026. This represents an increase of 1.9% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

61.3%

YoY-0.4pp

QoQ-1.0pp

5Y change-3.8pp

10Y change-1.9pp

Suburban Propane Partners L P's gross margin was 61.3% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.0 percentage points.

Operating Margin

0.9%

YoY-1.3pp

QoQ-27.8pp

5Y change-2.5pp

10Y change+6.1pp

Suburban Propane Partners L P's operating margin was 0.9% in Q3 2026, reflecting core business profitability. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 27.8 percentage points.

Net Margin

-6.7%

YoY-1.0pp

QoQ-31.7pp

5Y change+4.2pp

10Y change+7.7pp

Suburban Propane Partners L P's net profit margin was -6.7% in Q3 2026, showing the share of revenue converted to profit. This is down 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 31.7 percentage points.

Return on Equity

-2.5%

YoY-0.2pp

QoQ-21.0pp

5Y change+3.3pp

10Y change+1.1pp

Suburban Propane Partners L P's ROE was -2.5% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 21.0 percentage points.

Capital Allocation

Capital Expenditures

$21.5M

YoY+46.2%

QoQ-13.2%

5Y CAGR+23.4%

10Y CAGR+11.0%

Suburban Propane Partners L P invested $21.5M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 46.2% from the same quarter a year earlier. Against the prior quarter it is down 13.2%.

R&D Spending

Not reported for Q3 2026.

Share Buybacks

Not reported for Q3 2026.

SPH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SPH quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$1.4B	$1.4B+7.9%	$1.3B-7.1%	$1.4B-4.8%	$1.5B+16.5%	$1.3B+16.3%	$1.1B-12.6%	$1.3B-5.7%	$1.3B+13.2%	$1.2B+13.6%	$1.0B-26.2%	$1.4B-26.9%	$1.9B+13.8%	$1.7B+60.2%	$1.1B-10.7%	$1.2B
Cost of Revenue	$514.0M	$563.7M+7.9%	$522.2M-11.5%	$590.1M-17.1%	$712.1M+46.7%	$485.5M+26.8%	$383.0M-26.6%	$522.0M-11.9%	$592.6M+24.3%	$476.7M+31.7%	$362.0M-39.0%	$593.4M-45.1%	$1.1B+25.4%	$861.9M+43.9%	$599.1M-11.7%	$678.7M
Gross Profit	$880.3M	$868.8M+7.9%	$805.0M-4.1%	$839.1M+6.3%	$789.3M-1.7%	$803.3M+10.8%	$724.9M-2.8%	$745.7M-0.8%	$751.8M+5.7%	$711.2M+4.0%	$684.2M-16.9%	$823.6M-4.0%	$857.5M+1.9%	$841.7M+81.2%	$464.4M-9.3%	$511.8M
SG&A Expenses	$95.2M	$96.4M+7.2%	$89.9M-1.8%	$91.6M+12.0%	$81.8M+10.3%	$74.1M+12.4%	$65.9M-7.2%	$71.0M+7.2%	$66.2M+15.5%	$57.3M-6.2%	$61.1M-10.5%	$68.3M+5.7%	$64.6M-0.4%	$64.8M+9.9%	$59.0M+14.3%	$51.6M
Operating Income	$211.0M	$206.3M+20.5%	$171.3M-17.2%	$206.8M+0.3%	$206.3M-3.2%	$213.2M+52.0%	$140.3M-7.0%	$150.9M-4.5%	$158.0M+22.9%	$128.6M+42.2%	$90.4M-49.1%	$177.8M-6.5%	$190.1M+7.4%	$177.0M+324.8%	$41.7M-70.9%	$143.2M
EBITDA	N/A	$278.4M+16.8%	$238.2M-11.6%	$269.4M+1.6%	$265.2M-16.6%	$317.8M+23.6%	$257.1M-5.4%	$271.7M-4.1%	$283.2M+10.4%	$256.5M+16.6%	$220.0M-29.3%	$311.1M-4.7%	$326.5M+6.2%	$307.4M+246.6%	$88.7M-50.4%	$178.9M
Interest Expense	$75.5M	$76.3M+2.2%	$74.6M+1.6%	$73.4M+21.0%	$60.7M-11.0%	$68.1M-8.8%	$74.7M-2.5%	$76.7M-0.9%	$77.4M+2.8%	$75.3M+0.2%	$75.1M-3.3%	$77.6M-6.8%	$83.3M-12.7%	$95.4M+146.9%	$38.6M+41.1%	$27.4M
Income Tax	$1.1M	$1.3M+83.7%	$734K+9.9%	$668K+55.7%	$429K-61.4%	$1.1M+860.3%	-$146K-117.0%	$857K+241.4%	-$606K-232.0%	$459K-21.9%	$588K-16.0%	$700K-8.7%	$767K+26.4%	$607K+343.1%	$137K-84.5%	$884K
Net Income	$130.7M	$106.6M+43.7%	$74.2M-40.1%	$123.8M-11.4%	$139.7M+13.8%	$122.8M+102.1%	$60.8M-11.5%	$68.6M-10.3%	$76.5M+101.4%	$38.0M+163.1%	$14.4M-82.9%	$84.4M-10.7%	$94.5M+19.9%	$78.8M+12250.8%	$638K-99.4%	$115.0M
EPS (Basic)	N/A	$1.64+42.6%	$1.15-40.7%	$1.94-12.2%	$2.21+12.8%	$1.96+100.0%	$0.98-11.7%	$1.11-10.5%	$1.24+100.0%	$0.62+158.3%	$0.24-82.7%	$1.39-10.9%	$1.56+15.6%	$1.35+6650.0%	$0.02-99.4%	$3.24
EPS (Diluted)	$1.94	$1.62+42.1%	$1.14-40.6%	$1.92	$2.18	$1.94+100.0%	$0.97-11.8%	$1.10-11.3%	$1.24+100.0%	$0.62+158.3%	$0.24-82.6%	$1.38-11.5%	$1.56+16.4%	$1.34	$0.02-99.4%	$3.22
Diluted Shares (Avg)	N/A	66M+1.2%	65M+0.6%	64M	64M	63M+0.9%	63M+0.6%	62M+0.8%	62M+0.5%	62M+0.6%	61M+0.4%	61M+0.3%	61M+3.7%	59M	39M+9.1%	36M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$261.4M+0.5%	$551.2M-6.2%	$370.4M-0.8%	$211.4M+1.3%	$260.1M+2.2%	$587.7M+18.0%	$373.3M+2.0%	$208.6M-7.9%
Cost of Revenue	$101.1M+1.5%	$207.5M-14.4%	$130.8M-11.1%	$74.6M-11.8%	$99.6M+5.5%	$242.4M+27.5%	$147.2M-3.8%	$84.6M+29.3%
Gross Profit	$160.3M-0.2%	$343.7M-0.5%	$239.5M+5.9%	$136.8M+10.3%	$160.6M+0.2%	$345.3M+12.1%	$226.2M+6.3%	$124.0M-23.1%
SG&A Expenses	$16.5M-12.2%	$30.0M+0.4%	$27.9M+3.8%	$20.9M+12.9%	$18.7M-5.2%	$29.9M+14.7%	$26.9M+5.0%	$18.5M-14.9%
Operating Income	$2.2M-60.2%	$157.9M-0.3%	$67.7M+14.5%	-$16.8M+25.7%	$5.6M-31.7%	$158.4M+15.7%	$59.1M+21.2%	-$22.5M-665.3%
EBITDA	$18.9M-22.3%	$174.2M-1.1%	$84.5M+11.0%	$1.9M+136.5%	$24.3M-1.0%	$176.0M+14.6%	$76.2M+16.9%	-$5.1M-123.9%
Interest Expense	$18.8M-0.2%	$19.7M-4.2%	$19.8M+0.7%	$17.2M-4.7%	$18.9M+2.5%	$20.6M+3.3%	$19.6M+7.8%	$18.1M-4.0%
Income Tax	$182K-24.8%	$120K+3100.0%	$231K-59.0%	$547K+160.5%	$242K-0.4%	-$4K-112.5%	$563K+126.1%	$210K-15.0%
Net Income	-$17.5M-18.1%	$137.5M+0.3%	$45.8M+135.7%	-$35.1M+21.2%	-$14.8M+13.7%	$137.1M+23.0%	$19.4M-20.6%	-$44.6M-113.8%
EPS (Basic)	-$0.26-13.0%	$2.07-1.9%	$0.69+130.0%	-$0.54+22.9%	-$0.23+14.8%	$2.11+22.0%	$0.30-21.1%	-$0.70-112.1%
EPS (Diluted)	-$0.26-13.0%	$2.06-1.9%	$0.69+130.0%	-$0.55+20.3%	-$0.23+14.8%	$2.10+22.1%	$0.30-21.1%	-$0.69-109.1%
Diluted Shares (Avg)	66,680+2.0%	66,904+2.5%	66,470+2.6%	N/A	65,381+1.5%	65,262+0.7%	64,756+0.6%	N/A

Not reported in any period shown, so not listed: R&D Expenses.

SPH Balance Sheet

SPH quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$2.3B+1.0%	$2.3B+0.1%	$2.3B+7.9%	$2.1B+2.5%	$2.1B+0.2%	$2.0B+2.4%	$2.0B-4.9%	$2.1B-3.2%	$2.2B-4.9%	$2.3B-8.2%	$2.5B-4.7%	$2.6B-4.3%	$2.7B-5.4%	$2.9B+201.5%	$956.5M
Current Assets	$166.3M+5.5%	$157.5M-3.9%	$164.0M-6.2%	$174.9M-2.9%	$180.1M+55.3%	$116.0M-6.1%	$123.4M-21.8%	$157.8M+13.1%	$139.5M-5.3%	$147.3M-46.1%	$273.4M-7.3%	$294.9M+0.5%	$293.3M-13.1%	$337.5M+13.3%	$297.8M
Cash & Equivalents	$405K-87.4%	$3.2M-8.4%	$3.5M-14.3%	$4.1M-29.4%	$5.8M+85.0%	$3.1M+28.6%	$2.4M-52.7%	$5.2M+85.2%	$2.8M-92.5%	$37.3M-75.5%	$152.3M+64.4%	$92.6M-13.6%	$107.2M-20.2%	$134.3M-10.2%	$149.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$73.7M+33.0%	$55.4M-10.3%	$61.8M-7.6%	$66.9M+8.3%	$61.8M+31.9%	$46.9M+4.1%	$45.0M-23.8%	$59.1M+11.1%	$53.2M+17.3%	$45.4M-4.9%	$47.7M-47.6%	$91.0M+17.2%	$77.6M-12.0%	$88.2M+33.8%	$65.9M
Accounts Receivable	$69.5M+4.6%	$66.4M-1.8%	$67.7M-13.8%	$78.5M+10.0%	$71.4M+28.7%	$55.4M-6.6%	$59.3M-16.8%	$71.3M+8.5%	$65.7M+22.1%	$53.8M-10.2%	$59.9M-38.2%	$96.9M+2.2%	$94.9M+6.6%	$88.9M+33.5%	$66.6M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.2B+0.6%	$1.2B+0.2%	$1.1B+3.2%	$1.1B+0.6%	$1.1B+0.3%	$1.1B+0.5%	$1.1B+0.4%	$1.1B-0.1%	$1.1B0.0%	$1.1B+0.7%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B+291.7%	$277.7M
Total Liabilities	$1.7B-1.6%	$1.7B+0.1%	$1.7B+7.3%	$1.6B-1.2%	$1.6B-3.5%	$1.7B+7.0%	$1.6B-2.0%	$1.6B-0.7%	$1.6B+2.8%	$1.6B-0.8%	$1.6B0.0%	$1.6B-0.7%	$1.6B-10.8%	$1.8B+199.8%	$598.2M
Current Liabilities	$302.8M-1.1%	$306.1M-0.6%	$307.8M+0.4%	$306.6M+6.8%	$287.1M+17.4%	$244.5M+13.1%	$216.1M-1.3%	$219.0M+4.1%	$210.4M+2.6%	$205.1M-2.5%	$210.3M-5.4%	$222.3M-5.0%	$233.9M-7.8%	$253.7M+67.5%	$151.5M
Non-Current Liabilities	$1.4B-1.7%	$1.4B+0.2%	$1.4B+9.0%	$1.3B-3.0%	$1.3B-7.0%	$1.4B+6.0%	$1.4B-2.2%	$1.4B-1.4%	$1.4B+2.8%	$1.4B-0.6%	$1.4B+0.8%	$1.4B0.0%	$1.4B-11.3%	$1.5B+244.6%	$446.7M
Long-Term Debt	$1.2B+0.1%	$1.2B+1.9%	$1.2B+10.3%	$1.1B-3.6%	$1.1B-7.6%	$1.2B-1.4%	$1.2B-2.2%	$1.3B-1.3%	$1.3B+3.9%	$1.2B-1.3%	$1.2B-0.1%	$1.2B-0.2%	$1.2B-12.4%	$1.4B+308.4%	$348.2M
Total Equity	$598.6M+9.4%	$547.1M+0.1%	$546.4M+9.8%	$497.5M+17.0%	$425.4M+17.4%	$362.4M-14.5%	$423.8M-14.2%	$493.8M-10.7%	$553.0M-21.9%	$708.2M-21.2%	$898.3M-12.1%	$1.0B-9.5%	$1.1B+3.5%	$1.1B+204.4%	$358.2M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$2.4B+1.8%	$2.4B+1.1%	$2.4B+0.5%	$2.3B+1.0%	$2.3B+1.4%	$2.4B+2.7%	$2.4B+2.8%	$2.3B+0.1%
Current Assets	$194.0M+10.7%	$267.5M+7.0%	$236.0M+2.6%	$166.3M+5.5%	$175.2M+6.4%	$250.1M+10.6%	$230.0M+3.8%	$157.5M-3.9%
Cash & Equivalents	$5.0M+275.7%	$4.3M+10.6%	$1.3M-71.1%	$405K-87.4%	$1.3M-72.6%	$3.9M-12.2%	$4.4M-29.3%	$3.2M-8.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$65.9M+9.1%	$63.5M+9.1%	$69.3M+14.4%	$73.7M+33.0%	$60.4M+17.8%	$58.3M+0.5%	$60.6M-0.7%	$55.4M-10.3%
Accounts Receivable	$84.7M+6.0%	$148.1M-1.6%	$129.3M+3.3%	$69.5M+4.6%	$79.9M+8.3%	$150.5M+22.4%	$125.1M+5.4%	$66.4M-1.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$1.2B+0.6%	$1.2B+0.6%	$1.2B+0.4%	$1.2B+0.6%	$1.2B+0.6%	$1.2B+0.8%	$1.2B+1.1%	$1.2B+0.2%
Total Liabilities	$1.6B-1.5%	$1.7B-2.6%	$1.8B-3.8%	$1.7B-1.6%	$1.7B-0.5%	$1.7B+2.0%	$1.8B+3.9%	$1.7B+0.1%
Current Liabilities	$247.9M-1.1%	$247.8M+5.1%	$272.6M-17.2%	$302.8M-1.1%	$250.6M-0.7%	$235.7M-8.4%	$329.4M+6.4%	$306.1M-0.6%
Non-Current Liabilities	$1.4B-1.6%	$1.4B-3.9%	$1.5B-0.9%	$1.4B-1.7%	$1.4B-0.4%	$1.5B+3.8%	$1.5B+3.4%	$1.4B+0.2%
Long-Term Debt	$1.2B-0.1%	$1.3B-2.7%	$1.3B+1.5%	$1.2B+0.1%	$1.2B+1.9%	$1.3B+6.7%	$1.3B+4.7%	$1.2B+1.9%
Total Equity	$713.0M+10.4%	$743.9M+10.7%	$626.2M+14.9%	$598.6M+9.4%	$646.1M+6.4%	$671.8M+4.5%	$545.1M-0.9%	$547.1M+0.1%

Not reported in any period shown, so not listed: Retained Earnings.

SPH Cash Flow Statement

SPH quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$181.4M	$186.3M+16.0%	$160.6M-28.7%	$225.2M+2.1%	$220.5M-2.7%	$226.6M+8.2%	$209.4M-7.7%	$226.8M+7.8%	$210.4M+28.4%	$163.8M+4.1%	$157.4M-51.4%	$324.2M+43.7%	$225.6M+5.2%	$214.3M+93.1%	$111.0M-16.4%	$132.8M
Depreciation & Amortization	N/A	$72.0M+7.6%	$67.0M+7.0%	$62.6M+6.3%	$58.8M-43.7%	$104.6M-10.5%	$116.8M-3.4%	$120.9M-3.5%	$125.2M-2.1%	$127.9M-1.3%	$129.6M-2.8%	$133.3M-2.3%	$136.4M+4.6%	$130.4M+177.2%	$47.0M+32.0%	$35.6M
Capital Expenditures	$80.1M	$72.0M+21.1%	$59.4M+32.2%	$44.9M+1.3%	$44.4M+48.6%	$29.9M-8.1%	$32.5M-7.1%	$35.0M+6.3%	$32.9M+16.8%	$28.2M-26.6%	$38.4M-6.9%	$41.2M+37.1%	$30.1M+8.0%	$27.8M+59.2%	$17.5M-21.6%	$22.3M
Free Cash Flow	$101.3M	$114.3M+13.0%	$101.2M-43.9%	$180.3M+2.3%	$176.2M-10.4%	$196.7M+11.2%	$176.9M-7.8%	$191.8M+8.1%	$177.5M+30.9%	$135.7M+14.0%	$119.0M-57.9%	$283.0M+44.8%	$195.5M+4.8%	$186.5M+99.5%	$93.5M-15.4%	$110.5M
Investing Cash Flow	-$100.0M	-$128.3M-57.1%	-$81.6M+52.2%	-$170.6M-80.7%	-$94.4M-177.1%	-$34.1M+36.0%	-$53.2M-9.7%	-$48.5M-24.1%	-$39.1M-70.0%	-$23.0M+57.4%	-$53.9M	N/A	-$16.5M-12.7%	-$14.7M+93.9%	-$239.8M-1129.2%	-$19.5M
Financing Cash Flow	-$78.9M	-$66.7M+7.9%	-$72.5M-62.5%	-$44.6M+65.1%	-$127.8M+32.7%	-$189.8M-22.1%	-$155.4M+14.1%	-$181.0M-7.1%	-$168.9M+3.7%	-$175.4M+19.7%	-$218.5M	N/A	-$223.6M+1.4%	-$226.7M-299.7%	$113.5M+194.1%	-$120.6M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$71.0M-25.7%	$116.3M+189.9%	-$47.7M-642.8%	$41.8M+13.7%	$95.5M+55.5%	$40.1M-46.6%	$8.8M+168.7%	$36.8M-36.4%
Depreciation & Amortization	$16.7M-11.0%	$16.3M-7.7%	$16.9M-1.4%	$18.6M+6.5%	$18.7M+14.4%	$17.6M+5.2%	$17.1M+4.3%	$17.5M+1.6%
Capital Expenditures	$21.5M+46.2%	$24.7M+28.1%	$19.8M-16.9%	$14.1M-25.9%	$14.7M0.0%	$19.3M+32.7%	$23.8M+113.8%	$19.1M+64.8%
Free Cash Flow	$49.5M-38.8%	$91.5M+340.2%	-$67.5M-348.0%	$27.7M+56.3%	$80.9M+72.9%	$20.8M-65.7%	-$15.1M+37.0%	$17.7M-61.7%
Investing Cash Flow	-$20.8M-16.9%	-$24.5M-8.5%	-$41.3M+44.6%	-$13.3M+38.4%	-$17.8M+39.2%	-$22.6M-34.4%	-$74.5M-435.5%	-$21.7M-60.4%
Financing Cash Flow	-$51.6M+37.4%	-$86.6M-284.5%	$88.8M+31.2%	-$29.4M-107.8%	-$82.4M-159.2%	-$22.5M+60.6%	$67.6M+121.0%	-$14.2M+71.1%

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.

SPH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SPH quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	60.7%0.0pp	60.7%+1.9pp	58.7%+6.1pp	52.6%-9.8pp	62.3%-3.1pp	65.4%+6.6pp	58.8%+2.9pp	55.9%-3.9pp	59.9%-5.5pp	65.4%+7.3pp	58.1%+13.9pp	44.2%-5.2pp	49.4%+5.7pp	43.7%+0.7pp	43.0%
Operating Margin	14.4%+1.5pp	12.9%-1.6pp	14.5%+0.7pp	13.7%-2.8pp	16.6%+3.9pp	12.7%+0.8pp	11.9%+0.2pp	11.8%+0.9pp	10.8%+2.2pp	8.6%-3.9pp	12.5%+2.7pp	9.8%-0.6pp	10.4%+6.5pp	3.9%-8.1pp	12.0%
Net Margin	7.4%+1.8pp	5.6%-3.1pp	8.7%-0.6pp	9.3%-0.2pp	9.5%+4.0pp	5.5%+0.1pp	5.4%-0.3pp	5.7%+2.5pp	3.2%+1.8pp	1.4%-4.6pp	5.9%+1.1pp	4.9%+0.3pp	4.6%+4.6pp	0.1%-9.6pp	9.7%
Return on Equity	17.8%+4.2pp	13.6%-9.1pp	22.7%-5.4pp	28.1%-0.8pp	28.9%+12.1pp	16.8%+0.6pp	16.2%+0.7pp	15.5%+8.6pp	6.9%+4.8pp	2.0%-7.3pp	9.4%+0.1pp	9.3%+2.3pp	7.0%+6.9pp	0.1%-32.0pp	32.1%
Return on Assets	4.6%+1.4pp	3.3%-2.2pp	5.5%-1.2pp	6.6%+0.7pp	6.0%+3.0pp	3.0%-0.5pp	3.4%-0.2pp	3.6%+1.9pp	1.8%+1.1pp	0.6%-2.8pp	3.4%-0.2pp	3.6%+0.7pp	2.9%+2.9pp	0.0%-12.0pp	12.0%
Current Ratio	0.550.0x	0.510.0x	0.530.0x	0.57-0.1x	0.63+0.2x	0.47-0.1x	0.57-0.1x	0.72+0.1x	0.66-0.1x	0.72-0.6x	1.300.0x	1.33+0.1x	1.25-0.1x	1.33-0.6x	1.97
Debt-to-Equity	2.02-0.2x	2.210.0x	2.170.0x	2.17-0.5x	2.63-0.7x	3.34+0.4x	2.90+0.4x	2.54+0.2x	2.30+0.6x	1.73+0.3x	1.38+0.2x	1.22+0.1x	1.10-0.2x	1.30+0.3x	0.97
Asset Turnover	0.620.0x	0.580.0x	0.63-0.1x	0.71+0.1x	0.63+0.1x	0.54-0.1x	0.630.0x	0.64+0.1x	0.55+0.1x	0.46-0.1x	0.57-0.2x	0.74+0.1x	0.62+0.3x	0.37-0.9x	1.24
FCF Margin	8.0%+0.4pp	7.6%-5.0pp	12.6%+0.9pp	11.7%-3.5pp	15.3%-0.7pp	16.0%+0.8pp	15.1%+1.9pp	13.2%+1.8pp	11.4%0.0pp	11.4%-8.6pp	20.0%+9.9pp	10.1%-0.9pp	10.9%+2.2pp	8.8%-0.5pp	9.3%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	61.3%-0.4pp	62.4%+3.6pp	64.7%+4.1pp	64.7%+5.3pp	61.7%-1.2pp	58.8%-3.1pp	60.6%+2.4pp	59.4%-11.7pp
Operating Margin	0.9%-1.3pp	28.6%+1.7pp	18.3%+2.4pp	-7.9%+2.9pp	2.1%-1.1pp	27.0%-0.5pp	15.8%+2.5pp	-10.8%-12.6pp
Net Margin	-6.7%-1.0pp	24.9%+1.6pp	12.4%+7.2pp	-16.6%+4.8pp	-5.7%+1.1pp	23.3%+0.9pp	5.2%-1.5pp	-21.4%-12.2pp
Return on Equity	-2.5%-0.2pp	18.5%-1.9pp	7.3%+3.8pp	-5.9%+2.3pp	-2.3%+0.5pp	20.4%+3.1pp	3.6%-0.9pp	-8.2%-4.3pp
Return on Assets	-0.7%-0.1pp	5.7%0.0pp	1.9%+1.1pp	-1.5%+0.4pp	-0.6%+0.1pp	5.7%+0.9pp	0.8%-0.2pp	-2.0%-1.0pp
Current Ratio	0.78+0.1x	1.080.0x	0.87+0.2x	0.550.0x	0.700.0x	1.06+0.2x	0.700.0x	0.510.0x
Debt-to-Equity	1.72-0.2x	1.69-0.2x	2.11-0.3x	2.02-0.2x	1.90-0.1x	1.930.0x	2.39+0.1x	2.210.0x
Asset Turnover	0.110.0x	0.230.0x	0.150.0x	0.090.0x	0.110.0x	0.240.0x	0.160.0x	0.090.0x
FCF Margin	18.9%-12.1pp	16.6%+13.1pp	-18.2%-14.2pp	13.1%+4.6pp	31.1%+12.7pp	3.5%-8.6pp	-4.0%+2.5pp	8.5%-11.9pp

Note: The current ratio is below 1.0 (0.55), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Suburban Propane Partners L P SPH	FY2025	$1.4B	$106.6M	7.4%	$1.1B	51/100
Northwest Natural Holding Company NWN	FY2025	$1.3B	$113.3M	8.8%	$2.0B	41/100
OPAL Fuels Inc. OPAL	FY2025	$349.0M	$36.4M	10.4%	$52.4M	34/100
Centuri Holdings, Inc. CTRI	FY2025	$3.0B	$22.4M	0.8%	$2.1B	49/100
MDU Resources Group, Inc. MDU	FY2025	$1.9B	$190.4M	10.2%	$3.9B	39/100
Aris Mining Corporation ARIS	FY2025	$927.7M	$79.4M	8.6%	$3.6B	46/100

Where Suburban Propane Partners L P Ranks

Frequently Asked Questions

What is Suburban Propane Partners L P's annual revenue?

Suburban Propane Partners L P (SPH) reported $1.4B in total revenue for fiscal year 2025. This represents a 7.9% 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 Suburban Propane Partners L P's revenue growing?

Suburban Propane Partners L P (SPH) revenue grew by 7.9% year-over-year, from $1.3B to $1.4B in fiscal year 2025.

Is Suburban Propane Partners L P profitable?

Yes, Suburban Propane Partners L P (SPH) reported a net income of $106.6M in fiscal year 2025, with a net profit margin of 7.4%.

What is Suburban Propane Partners L P's EBITDA?

Suburban Propane Partners L P (SPH) had EBITDA of $278.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Suburban Propane Partners L P have?

As of fiscal year 2025, Suburban Propane Partners L P (SPH) had $405K in cash and equivalents against $1.2B in long-term debt.

What is Suburban Propane Partners L P's gross margin?

Suburban Propane Partners L P (SPH) had a gross margin of 60.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Suburban Propane Partners L P's operating margin?

Suburban Propane Partners L P (SPH) had an operating margin of 14.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Suburban Propane Partners L P's net profit margin?

Suburban Propane Partners L P (SPH) had a net profit margin of 7.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Suburban Propane Partners L P's return on equity (ROE)?

Suburban Propane Partners L P (SPH) has a return on equity of 17.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Suburban Propane Partners L P's free cash flow?

Suburban Propane Partners L P (SPH) generated $114.3M in free cash flow during fiscal year 2025. This represents a 13.0% 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 Suburban Propane Partners L P's operating cash flow?

Suburban Propane Partners L P (SPH) generated $186.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Suburban Propane Partners L P's total assets?

Suburban Propane Partners L P (SPH) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Suburban Propane Partners L P's capital expenditures?

Suburban Propane Partners L P (SPH) invested $72.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Suburban Propane Partners L P have outstanding?

Suburban Propane Partners L P (SPH) had 66M shares outstanding as of fiscal year 2025.

What is Suburban Propane Partners L P's current ratio?

Suburban Propane Partners L P (SPH) had a current ratio of 0.55 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Suburban Propane Partners L P's debt-to-equity ratio?

Suburban Propane Partners L P (SPH) had a debt-to-equity ratio of 2.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Suburban Propane Partners L P's return on assets (ROA)?

Suburban Propane Partners L P (SPH) had a return on assets of 4.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Suburban Propane Partners L P's P/E ratio?

Suburban Propane Partners L P (SPH) trades at 8.7x earnings, its market capitalization divided by net income of $130.7M net income, trailing 12 months to June 27, 2026. The market capitalization is $1.1B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Suburban Propane Partners L P's price-to-sales ratio?

Suburban Propane Partners L P (SPH) trades at 0.8x sales, its market capitalization divided by revenue of $1.4B revenue, trailing 12 months to June 27, 2026. The market capitalization is $1.1B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Suburban Propane Partners L P's Piotroski F-Score?

Suburban Propane Partners L P (SPH) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. 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 Suburban Propane Partners L P's earnings high quality?

Suburban Propane Partners L P (SPH) has an earnings quality ratio of 1.75x, considered cash-backed (high 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 Suburban Propane Partners L P cover its interest payments?

Suburban Propane Partners L P (SPH) has an interest coverage ratio of 2.71x, meaning it can adequately 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.

How financially healthy is Suburban Propane Partners L P?

Suburban Propane Partners L P (SPH) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its utilities peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.