GLP vs BWLP vs SPH Stock Comparison

Global Partners, Bw Lpg and Suburban Propane Partners Prices as of Oct 26, 2026 Peers: Industry group
GLP Global Partners Lp
$48.20 +1.5% 1M +5.3% 1Y
Market cap
$1.66B
P/E
9.5x
Revenue (TTM)
$21.46B
Div. yield
0.08%
Fuel Distribution Energy
3 wins
BWLP BW LPG Ltd
$26.04 +7.6% 1M +109.8% 1Y
Market cap
$3.90B
P/E
13.7x
Revenue (TTM)
$2.61B
Div. yield
–
Fuel Distribution Energy
7 wins

Head to Head

12 decided of 12

Bw Lpg leads on 7 of the 12 questions below (Bw Lpg 7, Global Partners 3, Suburban Propane Partners 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGLPBWLPSPHLeader
Larger companyMarket capitalisation $1.66B $3.90B $1.19B BWLP
Cheaper on earningsLower P/E, profitable companies only 9.5x 13.7x 9.1x SPH
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.0x 5.7x 9.3x BWLP
Faster revenue growthRevenue growth, trailing twelve months +20.4% -2.5% -2.5% GLP
More profitableNet margin, trailing twelve months 0.8% 10.9% 9.4% BWLP
Better return on capitalReturn on invested capital 14.9% 13.0% 10.6% GLP
Less leveragedLower net debt / EBITDA 2.6x 0.8x 4.4x BWLP
Higher dividend yieldTrailing dividend yield 0.08% 0.00% 0.07% GLP
Better 1-year returnPrice return, last 12 months +5.3% +109.8% -5.2% BWLP
Better 5-year returnAnnualised price return, 5 years +15.1%/yr +38.2%/yr +2.3%/yr BWLP
Less volatileAnnualised volatility, 1 year 30.2% 39.4% 21.7% SPH
Higher overall scoreMean of the five percentile scores vs peers 48/100 61/100 36/100 BWLP

Percentile Scorecard

GLPBWLPSPH

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGLPBWLPSPH
Valuation 64 #9 of 23 36 #15 of 23 32 #16 of 23
Growth 56 #9 of 19 0 #19 of 19 28 #14 of 19
Profitability 18 #15 of 18 82 #4 of 18 59 #8 of 18
Financial Health 30 #17 of 24 87 #4 of 24 26 #18 of 24
Shareholder Returns 71 #6 of 18 100 #1 of 18 35 #12 of 18
Overall 48 61 36
  • GLP ranked among 25 companies in Refining and Marketing
  • BWLP ranked among 25 companies in Refining and Marketing
  • SPH ranked among 25 companies in Refining and Marketing

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGLPBWLPSPHSPY
1 month +1.5%+7.6%+8.2% -0.8%
3 months 0.0%+23.6%-1.8% +3.5%
6 months +4.5%+38.7%-7.0% +7.0%
Year to date +15.2%+98.8%-3.2% +12.2%
1 year +5.3%+109.8%-5.2% +13.0%
3 years +61.9%+97.3%+5.6% +86.3%
3 years, per year +17.4%+25.4%+1.8% +23.1%
5 years +101.6%+402.7%+12.0% +68.6%
5 years, per year +15.1%+38.2%+2.3% +11.0%
10 years +201.3%+726.7%-47.3% +258.0%
10 years, per year +11.7%+23.5%-6.2% +13.6%

Risk

MeasureGLPBWLPSPHSPY
Volatility, 1Y 30.2%39.4%21.7% 12.7%
Downside volatility, 1Y 30.1%41.1%23.2% 12.7%
Beta vs S&P 500, 1Y 0.140.38-0.06 1.00
Return / volatility, 1Y 0.172.79-0.24 1.02
Max drawdown, 5Y -33.9%-61.2%-26.1% -25.4%
From 52-week high -10.7%-1.0%-13.2% -1.8%
52-week high $54.00$26.31$20.68 $779.14
52-week low $39.58$11.99$16.40 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGLPBWLPSPH
P/E now vs peer median 9.4xmedian 9.5x 13.9xmedian 9.5x 9.2xmedian 9.5x
P/S now vs peer median 0.1xmedian 0.3x 1.5xmedian 0.3x 0.9xmedian 0.3x
EV/EBITDA now vs peer median 6.0xmedian 7.3x 7.1xmedian 7.3x 8.6xmedian 7.3x
P/FCF now vs peer median 8.2xmedian 9.5x 5.5xmedian 9.5x 11.8xmedian 9.5x
P/B now vs peer median 2.2xmedian 1.9x 1.9xmedian 1.9x 1.7xmedian 1.9x
PEG now vs peer median -1.03median 0.35 —median 0.35 0.80median 0.35

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGLPBWLPSPH
Revenue $21.46B $2.61B $1.39B
Gross profit $1.20B – $880.33M
Operating income $331.81M $360.05M $211.03M
Net income $195.20M $504.96M $130.66M
Free cash flow $199.43M $721.10M $101.29M
EPS (diluted) $5.11 $1.87 $1.96
Cash & equivalents $23.91M $303.86M $5.03M
Total debt $1.31B $3.13B $1.22B
Shares (diluted) 34.12M 151.90M 66.68M
Enterprise value $1.49B $2.88B $1.18B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGLPBWLPSPH
P/E 9.4x 13.9x 9.2x
P/FCF 8.2x 5.5x 11.8x
P/Operating cash flow 5.0x 10.6x 6.6x
P/S 0.1x 1.5x 0.9x
P/B 2.2x 1.9x 1.7x
P/Tangible book 2.2x 1.9x 1.9x
EV/EBITDA 6.0x 7.1x 8.6x
EV/EBIT 8.8x 12.4x 11.5x
EV/Revenue 0.1x 1.7x 1.7x
EV/FCF 14.6x 6.2x 23.9x
EV/Operating cash flow 8.9x 12.0x 13.3x
PEG (3Y EPS CAGR) -1.03 – 0.80

Growth

14 metrics
MetricGLPBWLPSPH
Revenue growth (1Y) 20.4% -2.5% -2.5%
Revenue CAGR (3Y) 8.2% – -1.1%
Gross profit growth (1Y) 10.4% – 2.8%
Gross profit CAGR (3Y) 3.6% – 4.1%
Operating income growth (1Y) 28.9% 11.0% 5.2%
Operating income CAGR (3Y) -0.3% – 8.5%
Net income growth (1Y) 71.7% 86.9% 34.5%
Net income CAGR (3Y) -6.6% – 13.0%
EPS growth (1Y) 80.9% -68.3% 31.9%
EPS CAGR (3Y) -9.1% – 11.5%
Operating cash flow growth (1Y) -8.4% -32.7% 0.1%
Operating cash flow CAGR (3Y) -1.6% – -5.8%
Free cash flow growth (1Y) -20.4% -37.3% -2.9%
Free cash flow CAGR (3Y) -5.9% – -16.2%

Profitability

14 metrics
MetricGLPBWLPSPH
Gross margin 5.6% – 63.1%
EBITDA margin 2.2% 24.0% 20.0%
Operating margin 1.5% 13.8% 15.1%
Pretax margin 0.9% 13.1% 9.4%
Net margin 0.8% 10.9% 9.4%
FCF margin 0.9% 27.6% 7.3%
Operating cash flow margin 1.5% 14.2% 13.0%
Return on equity 26.7% 24.8% 17.9%
Return on assets 4.7% 15.0% 5.5%
Return on invested capital 14.9% 13.0% 10.6%
Return on capital employed 11.2% 13.4% 9.8%
Asset turnover 5.1x 0.8x 0.6x
Cash conversion (OCF / net income) 1.7x 0.7x 1.4x
Stock comp / revenue 0.1% 0.0% 0.5%

Financial Health

11 metrics
MetricGLPBWLPSPH
Debt / assets 32.5% 24.0% 51.9%
Debt / equity 1.7x 0.4x 1.7x
Net debt / EBITDA 2.6x 0.8x 4.4x
Debt / FCF 6.6x 1.1x 12.1x
Liabilities / assets 81.4% 39.4% 69.7%
Equity / assets 18.6% 60.6% 30.3%
Interest coverage – 3.8x 2.8x
Current ratio 1.2x 1.4x 0.8x
Quick ratio 0.6x 1.1x 0.4x
Cash ratio 0.0x 0.5x 0.0x
Altman Z-score – 3.28 –

Shareholder Returns

7 metrics
MetricGLPBWLPSPH
Dividend yield 6.4% 80.3% 7.3%
Net buyback yield – – -1.4%
Shareholder yield 6.4% 80.3% 5.9%
Payout ratio (earnings) 66.3% – 65.7%
Payout ratio (FCF) 64.9% – 84.7%
Dividend growth (1Y) 5.3% – 2.5%
Dividend CAGR (3Y) -2.1% – 1.4%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGLPBWLPSPH
Forward P/E 8.0xFY2026 5.7xFY2026 9.3xFY2026
EPS, next fiscal year $6.04FY2026 $4.57FY2026 $1.94FY2026
EPS growth, next FY +186.3%FY2026 +290.6%FY2026 -4.9%FY2026
EPS growth, the year after -40.2% -59.3% +2.1%
Revenue, next fiscal year $26.25BFY2026 $1.20BFY2026 $1.34BFY2026
Revenue growth, next FY +41.4%FY2026 +69.7%FY2026 -6.6%FY2026
Revenue growth, the year after +37.7% -31.6% +3.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGLPBWLPSPH
Held by institutions 49.8% 16.1% 43.1%
Institutions holding 115 105 145
Change in shares held, QoQ +1.7% +18.9% +3.8%
Institutions buying 60 62 60
Institutions selling 17 23 33
Buyers to sellers 3.53 2.70 1.82

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GLPBWLPSPH
GLP 1.00 0.22 0.57
BWLP 0.22 1.00 0.14
SPH 0.57 0.14 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GLP, BWLP and SPH?

Bw Lpg (BWLP) is the largest by market capitalisation: Global Partners (GLP) $1.66B, Bw Lpg (BWLP) $3.90B, Suburban Propane Partners (SPH) $1.19B.

Which stock is cheaper, GLP, BWLP and SPH?

Suburban Propane Partners (SPH) trades on the lowest price-to-earnings ratio (Global Partners (GLP) 9.5x, Bw Lpg (BWLP) 13.7x, Suburban Propane Partners (SPH) 9.1x). On next year's consensus earnings, Bw Lpg (BWLP) is cheapest (Global Partners (GLP) 8.0x, Bw Lpg (BWLP) 5.7x, Suburban Propane Partners (SPH) 9.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Global Partners (GLP) grew revenue fastest over the trailing twelve months: Global Partners (GLP) +20.4%, Bw Lpg (BWLP) -2.5%, Suburban Propane Partners (SPH) -2.5%.

Which company is more profitable?

Bw Lpg (BWLP) has the highest net margin (Global Partners (GLP) 0.8%, Bw Lpg (BWLP) 10.9%, Suburban Propane Partners (SPH) 9.4%). On return on invested capital, Global Partners (GLP) leads (Global Partners (GLP) 14.9%, Bw Lpg (BWLP) 13.0%, Suburban Propane Partners (SPH) 10.6%).

Which stock has performed better?

Over the past year Bw Lpg (BWLP) returned the most: Global Partners (GLP) +5.3%, Bw Lpg (BWLP) +109.8%, Suburban Propane Partners (SPH) -5.2%. Over five years, Bw Lpg (BWLP) compounded fastest (Global Partners (GLP) +15.1%/yr, Bw Lpg (BWLP) +38.2%/yr, Suburban Propane Partners (SPH) +2.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Global Partners (GLP) has the highest dividend yield: Global Partners (GLP) 0.08%, Bw Lpg (BWLP) 0.00%, Suburban Propane Partners (SPH) 0.07%. Bw Lpg (BWLP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Suburban Propane Partners (SPH) has been the steadiest (Global Partners (GLP) 30.2%, Bw Lpg (BWLP) 39.4%, Suburban Propane Partners (SPH) 21.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, GLP, BWLP and SPH?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Bw Lpg (BWLP) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.