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Sunoco Lp/Sunoco Fin Corp Financials

SUN
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Sunoco Lp/Sunoco Fin Corp (SUN) financial statements, including the 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 SUN FY2025

Sunoco’s balance-sheet expansion is lifting gross profit and operating cash flow, while financing costs keep reported earnings thin.

From FY2024 to FY2025, total assets nearly doubled to $28.4B while operating cash flow rose to $1.19B. Yet net margin fell to 2.1% as interest expense reached $541M, showing the enlarged asset base is contributing cash before financing and other below-operating costs fully translate into profit.

Revenue swung across the last three years, but gross profit dollars climbed from $1.37B in FY2023 to $2.79B in FY2025, so this is a business where economic progress is better tracked by retained margin dollars than by sales alone. That pattern points to a high-throughput, low-markup model, where small changes in margin shape matter more than top-line volatility.

The balance sheet is less equity-constrained than it was in FY2023 because debt-to-equity improved from 3.7x to 1.7x even during the expansion. But interest burden became the main drag, with long-term debt at $13.4B while the current ratio stayed near 1.4x, implying short-term liquidity remained workable even as financing costs absorbed more operating gains.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 35 / 100
Financial Profile 35/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Sunoco Lp/Sunoco Fin Corp'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
30

Sunoco Lp/Sunoco Fin Corp has an operating margin of 3.7%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is up from 3.5% the prior year.

Growth
41

Sunoco Lp/Sunoco Fin Corp's revenue grew 11.1% year-over-year to $25.2B, a solid pace of expansion. This earns a growth score of 41/100.

Leverage
68

Sunoco Lp/Sunoco Fin Corp carries a low D/E ratio of 1.67, meaning only $1.67 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
23

Sunoco Lp/Sunoco Fin Corp's current ratio of 1.38 is below the typical benchmark, resulting in a score of 23/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns
51

Sunoco Lp/Sunoco Fin Corp's ROE of 6.6% shows moderate profitability relative to equity, earning a score of 51/100. This is down from 21.3% the prior year.

Piotroski F-Score Neutral
6/9

Sunoco Lp/Sunoco Fin Corp passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
2.26x

For every $1 of reported earnings, Sunoco Lp/Sunoco Fin Corp generates $2.26 in operating cash flow ($1.2B OCF vs $527.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk
1.7x

Sunoco Lp/Sunoco Fin Corp earns $1.7 in operating income for every $1 of interest expense ($935.0M vs $541.0M). 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
$25.2B
YoY+11.1%
5Y CAGR+18.7%
10Y CAGR+7.3%

Sunoco Lp/Sunoco Fin Corp generated $25.2B in revenue in fiscal year 2025. This represents an increase of 11.1% from the prior year.

EBITDA
$1.6B
YoY+40.0%
5Y CAGR+21.8%
10Y CAGR+15.0%

Sunoco Lp/Sunoco Fin Corp's EBITDA was $1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 40.0% from the prior year.

Net Income
$527.0M
YoY-39.1%
5Y CAGR+20.0%
10Y CAGR+19.7%

Sunoco Lp/Sunoco Fin Corp reported $527.0M in net income in fiscal year 2025. This represents a decrease of 39.1% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$891.0M
YoY+847.9%
5Y CAGR+55.8%
10Y CAGR+32.9%

Sunoco Lp/Sunoco Fin Corp held $891.0M in cash against $13.4B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
11.1%
YoY+1.8pp
5Y CAGR+1.2pp
10Y CAGR+3.2pp

Sunoco Lp/Sunoco Fin Corp's gross margin was 11.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.

Operating Margin
3.7%
YoY+0.2pp
5Y CAGR-0.2pp
10Y CAGR+1.7pp

Sunoco Lp/Sunoco Fin Corp's operating margin was 3.7% in fiscal year 2025, reflecting core business profitability. This is up 0.2 percentage points from the prior year.

Net Margin
2.1%
YoY-1.7pp
5Y CAGR+0.1pp
10Y CAGR+1.4pp

Sunoco Lp/Sunoco Fin Corp's net profit margin was 2.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.7 percentage points from the prior year.

Return on Equity
6.6%
YoY-14.7pp
5Y CAGR-27.0pp
10Y CAGR+4.9pp

Sunoco Lp/Sunoco Fin Corp's ROE was 6.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 14.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

SUN Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue $10.7B+24.3% $8.6B+42.6% $6.0B+11.9% $5.4B+4.1% $5.2B-1.7% $5.3B-8.4% $5.8B-6.9% $6.2B
Cost of Revenue $9.0B+17.3% $7.7B+42.5% $5.4B+11.7% $4.8B+6.5% $4.5B-2.5% $4.6B-12.8% $5.3B-5.0% $5.6B
Gross Profit $1.7B+82.8% $924.0M+43.0% $646.0M+13.5% $569.0M-12.9% $653.0M+4.5% $625.0M+47.4% $424.0M-25.0% $565.0M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $155.0M+154.1% $61.0M+19.6% $51.0M-64.8% $145.0M+271.8% $39.0M $0-100.0% $55.0M-59.0% $134.0M
Operating Income $866.0M+370.7% $184.0M-27.0% $252.0M+24.1% $203.0M-31.4% $296.0M+24.9% $237.0M+121.5% $107.0M-28.7% $150.0M
Interest Expense $201.0M+21.1% $166.0M+26.7% $131.0M+6.5% $123.0M+1.7% $121.0M+3.4% $117.0M+0.9% $116.0M+22.1% $95.0M
Income Tax $35.0M-23.9% $46.0M+318.2% $11.0M+57.1% $7.0M+450.0% -$2.0M-150.0% $4.0M-73.3% $15.0M-89.9% $149.0M
Net Income $644.0M+537.6% $101.0M-24.1% $133.0M+54.7% $86.0M-58.5% $207.0M+46.8% $141.0M+6950.0% $2.0M-99.6% $493.0M
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

SUN Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $30.3B+6.7% $28.4B+58.9% $17.8B+23.7% $14.4B+0.6% $14.3B-0.2% $14.4B+1.8% $14.1B-2.4% $14.5B
Current Assets $6.8B+24.2% $5.5B-5.1% $5.8B+134.2% $2.5B-1.2% $2.5B+1.9% $2.5B+19.4% $2.1B-15.5% $2.4B
Cash & Equivalents $718.0M-19.4% $891.0M-72.5% $3.2B+2692.2% $116.0M-32.6% $172.0M+83.0% $94.0M-19.0% $116.0M-48.7% $226.0M
Inventory $2.3B-1.5% $2.4B+108.5% $1.1B-3.1% $1.2B+6.1% $1.1B+4.0% $1.1B+20.0% $890.0M-14.4% $1.0B
Accounts Receivable $3.4B+74.5% $2.0B+49.5% $1.3B+27.2% $1.0B+0.6% $1.0B-11.3% $1.2B+28.8% $902.0M-11.4% $1.0B
Goodwill $3.1B+1.2% $3.0B+104.9% $1.5B0.0% $1.5B0.0% $1.5B0.0% $1.5B-0.5% $1.5B0.0% $1.5B
Total Liabilities $21.9B+7.7% $20.4B+65.4% $12.3B+19.1% $10.3B+1.4% $10.2B-1.2% $10.3B+3.7% $9.9B-1.9% $10.1B
Current Liabilities $4.9B+22.8% $4.0B+114.1% $1.9B+14.5% $1.6B+0.3% $1.6B-16.5% $1.9B+9.6% $1.8B-8.4% $1.9B
Long-Term Debt $13.9B+4.1% $13.4B+41.1% $9.5B+21.4% $7.8B+1.7% $7.7B+2.5% $7.5B+3.1% $7.3B-0.6% $7.3B
Total Equity $8.3B+4.2% $8.0B+44.5% $5.5B+35.2% $4.1B-1.4% $4.2B+2.2% $4.1B-2.7% $4.2B-3.5% $4.3B
Retained Earnings N/A N/A N/A N/A N/A N/A N/A N/A

SUN Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow $454.0M+15.8% $392.0M-2.2% $401.0M+65.0% $243.0M+55.8% $156.0M+26.8% $123.0M-41.4% $210.0M+400.0% -$70.0M
Capital Expenditures $199.0M N/A $157.0M-1.9% $160.0M+58.4% $101.0M N/A $101.0M+44.3% $70.0M
Free Cash Flow $255.0M N/A $244.0M+194.0% $83.0M+50.9% $55.0M N/A $109.0M+177.9% -$140.0M
Investing Cash Flow -$430.0M+80.6% -$2.2B-807.0% -$244.0M+2.0% -$249.0M-146.5% -$101.0M+23.5% -$132.0M-11.9% -$118.0M-112.4% $950.0M
Financing Cash Flow -$197.0M+62.6% -$527.0M-117.8% $3.0B+6032.0% -$50.0M-317.4% $23.0M+276.9% -$13.0M+93.6% -$202.0M+76.8% -$869.0M
Dividends Paid $48.0M N/A N/A N/A $0 N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

SUN Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 15.8%+5.1pp 10.7%+0.0pp 10.7%+0.2pp 10.6%-2.0pp 12.6%+0.7pp 11.9%+4.5pp 7.4%-1.8pp 9.2%
Operating Margin 8.1%+6.0pp 2.1%-2.0pp 4.2%+0.4pp 3.8%-2.0pp 5.7%+1.2pp 4.5%+2.6pp 1.9%-0.6pp 2.4%
Net Margin 6.0%+4.8pp 1.2%-1.0pp 2.2%+0.6pp 1.6%-2.4pp 4.0%+1.3pp 2.7%+2.6pp 0.0%-8.0pp 8.0%
Return on Equity 7.7%+6.5pp 1.3%-1.1pp 2.4%+0.3pp 2.1%-2.9pp 5.0%+1.5pp 3.5%+3.4pp 0.1%-11.3pp 11.4%
Return on Assets 2.1%+1.8pp 0.4%-0.4pp 0.8%+0.1pp 0.6%-0.8pp 1.4%+0.5pp 1.0%+1.0pp 0.0%-3.4pp 3.4%
Current Ratio 1.40+0.0 1.38-1.7 3.11+1.6 1.52-0.0 1.55+0.3 1.27+0.1 1.16-0.1 1.26
Debt-to-Equity 1.670.0 1.67-0.0 1.71-0.2 1.90+0.1 1.850.0 1.84+0.1 1.74+0.0 1.69
FCF Margin 2.4% N/A 4.0%+2.5pp 1.5%+0.5pp 1.1% N/A 1.9%+4.2pp -2.3%

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Frequently Asked Questions

Sunoco Lp/Sunoco Fin Corp (SUN) reported $25.2B in total revenue for fiscal year 2025. This represents a 11.1% 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.

Sunoco Lp/Sunoco Fin Corp (SUN) revenue grew by 11.1% year-over-year, from $22.7B to $25.2B in fiscal year 2025.

Yes, Sunoco Lp/Sunoco Fin Corp (SUN) reported a net income of $527.0M in fiscal year 2025, with a net profit margin of 2.1%.

Sunoco Lp/Sunoco Fin Corp (SUN) had EBITDA of $1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Sunoco Lp/Sunoco Fin Corp (SUN) had $891.0M in cash and equivalents against $13.4B in long-term debt.

Sunoco Lp/Sunoco Fin Corp (SUN) had a gross margin of 11.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Sunoco Lp/Sunoco Fin Corp (SUN) had an operating margin of 3.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Sunoco Lp/Sunoco Fin Corp (SUN) had a net profit margin of 2.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Sunoco Lp/Sunoco Fin Corp (SUN) has a return on equity of 6.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Sunoco Lp/Sunoco Fin Corp (SUN) generated $1.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Sunoco Lp/Sunoco Fin Corp (SUN) had $28.4B in total assets as of fiscal year 2025, including both current and long-term assets.

Sunoco Lp/Sunoco Fin Corp (SUN) had a current ratio of 1.38 as of fiscal year 2025, which is considered adequate.

Sunoco Lp/Sunoco Fin Corp (SUN) had a debt-to-equity ratio of 1.67 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Sunoco Lp/Sunoco Fin Corp (SUN) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Sunoco Lp/Sunoco Fin Corp (SUN) has a Piotroski F-Score of 6 out of 9, indicating neutral 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.

Sunoco Lp/Sunoco Fin Corp (SUN) has an earnings quality ratio of 2.26x, 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.

Sunoco Lp/Sunoco Fin Corp (SUN) has an interest coverage ratio of 1.7x, 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.

Sunoco Lp/Sunoco Fin Corp (SUN) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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