SPH vs GLP vs FGPR Stock Comparison

Suburban Propane Partners, Global Partners and Ferrellgas Partners L P Prices as of Oct 23, 2026 Peers: Industry group
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GLP Global Partners Lp
$48.40 -0.7% 1M +5.3% 1Y
Market cap
$1.64B
P/E
9.4x
Revenue (TTM)
$21.46B
Div. yield
0.08%
Fuel Distribution Energy
6 wins

Head to Head

12 decided of 12

Global Partners leads on 6 of the 12 questions below (Global Partners 6, Ferrellgas Partners L P 4, Suburban Propane Partners 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSPHGLPFGPRLeader
Larger companyMarket capitalisation $1.20B $1.64B $120.75M GLP
Cheaper on earningsLower P/E, profitable companies only 9.2x 9.4x 1.6x FGPR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.1x 8.0x — GLP
Faster revenue growthRevenue growth, trailing twelve months -2.5% +20.4% -3.6% GLP
More profitableNet margin, trailing twelve months 9.4% 0.8% 4.1% SPH
Better return on capitalReturn on invested capital 10.6% 14.9% 38.5% FGPR
Less leveragedLower net debt / EBITDA 4.4x 2.6x 4.9x GLP
Higher dividend yieldTrailing dividend yield 0.07% 0.08% 0.00% GLP
Better 1-year returnPrice return, last 12 months -6.7% +5.3% +6.0% FGPR
Better 5-year returnAnnualised price return, 5 years +2.0%/yr +15.5%/yr -3.9%/yr GLP
Less volatileAnnualised volatility, 1 year 21.6% 30.1% 37.1% SPH
Higher overall scoreMean of the five percentile scores vs peers 34/100 43/100 49/100 FGPR

Percentile Scorecard

SPHGLPFGPR

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

AxisSPHGLPFGPR
Valuation 32 #16 of 23 59 #10 of 23 77 #6 of 23
Growth 28 #14 of 19 56 #9 of 19 39 #12 of 19
Profitability 56 #9 of 19 17 #16 of 19 72 #6 of 19
Financial Health 21 #20 of 25 29 #18 of 25 8 #23 of 25
Shareholder Returns 35 #12 of 18 53 #9 of 18 –
Overall 34 43 49
  • SPH ranked among 25 companies in Refining and Marketing
  • GLP ranked among 25 companies in Refining and Marketing
  • FGPR 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

PeriodSPHGLPFGPRSPY
1 month +7.2%-0.7%-7.9% -1.0%
3 months -4.3%+0.2%-10.8% +2.9%
6 months -8.0%+4.3%-25.4% +6.4%
Year to date -4.3%+15.7%+10.3% +11.4%
1 year -6.7%+5.3%+6.0% +13.1%
3 years +5.0%+57.6%+157.3% +79.4%
3 years, per year +1.6%+16.4%+37.1% +21.5%
5 years +10.7%+105.2%-17.8% +67.7%
5 years, per year +2.0%+15.5%-3.9% +10.9%
10 years -47.3%+196.9%— +255.2%
10 years, per year -6.2%+11.5%— +13.5%

Risk

MeasureSPHGLPFGPRSPY
Volatility, 1Y 21.6%30.1%37.1% 12.7%
Downside volatility, 1Y 23.0%30.0%34.1% 12.7%
Beta vs S&P 500, 1Y -0.070.13-0.10 1.00
Return / volatility, 1Y -0.310.180.16 1.03
Max drawdown, 5Y -26.1%-33.9%-74.0% -25.4%
From 52-week high -14.2%-10.4%-25.4% -2.5%
52-week high $20.68$54.00$27.20 $779.14
52-week low $16.40$39.58$17.07 $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.

MultipleSPHGLPFGPR
P/E now vs peer median 9.1xmedian 10.4x 9.4xmedian 10.4x 1.6xmedian 10.4x
P/S now vs peer median 0.8xmedian 0.3x 0.1xmedian 0.3x 0.1xmedian 0.3x
EV/EBITDA now vs peer median 8.6xmedian 7.1x 6.0xmedian 7.1x 5.3xmedian 7.1x
P/FCF now vs peer median 11.7xmedian 9.4x 8.3xmedian 9.4x 1.4xmedian 9.4x
P/B now vs peer median 1.7xmedian 1.9x 2.2xmedian 1.9x -0.1xmedian 1.9x
PEG now vs peer median 0.79median 0.30 -1.03median 0.30 -0.05median 0.30

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 monthsSPHGLPFGPR
Revenue $1.39B $21.46B $1.86B
Gross profit $880.33M $1.20B $1.03B
Operating income $211.03M $331.81M $196.22M
Net income $130.66M $195.20M $76.61M
Free cash flow $101.29M $199.43M $86.92M
EPS (diluted) $1.96 $5.11 $9.30
Cash & equivalents $5.03M $23.91M $73.41M
Total debt $1.22B $5.58B $5.98B
Shares (diluted) 66.68M 34.12M 8.22M
Enterprise value $1.19B $1.47B -$197.77M

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
MetricSPHGLPFGPR
P/E 9.1x 9.4x 1.6x
P/FCF 11.7x 8.3x 1.4x
P/Operating cash flow 6.5x 5.1x 0.7x
P/S 0.8x 0.1x 0.1x
P/B 1.7x 2.2x -0.1x
P/Tangible book 1.9x 2.2x -0.1x
EV/EBITDA 8.6x 6.0x 5.3x
EV/EBIT 11.4x 8.8x 8.1x
EV/Revenue 1.7x 0.1x 0.9x
EV/FCF 23.7x 14.6x 18.3x
EV/Operating cash flow 13.2x 9.0x 9.3x
PEG (3Y EPS CAGR) 0.79 -1.03 -0.05

Growth

14 metrics
MetricSPHGLPFGPR
Revenue growth (1Y) -2.5% 20.4% -3.6%
Revenue CAGR (3Y) -1.1% 8.2% -3.5%
Gross profit growth (1Y) 2.8% 10.4% 0.8%
Gross profit CAGR (3Y) 4.1% 3.6% 1.0%
Operating income growth (1Y) 5.2% 28.9% 106.9%
Operating income CAGR (3Y) 8.5% -0.3% -7.0%
Net income growth (1Y) 34.5% 71.7% 847.0%
Net income CAGR (3Y) 13.0% -6.6% -19.6%
EPS growth (1Y) 31.9% 80.9% 575.6%
EPS CAGR (3Y) 11.5% -9.1% -32.4%
Operating cash flow growth (1Y) 0.1% -8.4% -8.5%
Operating cash flow CAGR (3Y) -5.8% -1.6% -1.0%
Free cash flow growth (1Y) -2.9% -20.4% -25.5%
Free cash flow CAGR (3Y) -16.2% -5.9% 3.0%

Profitability

14 metrics
MetricSPHGLPFGPR
Gross margin 63.1% 5.6% 55.1%
EBITDA margin 20.0% 2.2% 16.1%
Operating margin 15.1% 1.5% 10.5%
Pretax margin 9.4% 0.9% 4.2%
Net margin 9.4% 0.8% 4.1%
FCF margin 7.3% 0.9% 4.7%
Operating cash flow margin 13.0% 1.5% 9.1%
Return on equity 17.9% 26.7% –
Return on assets 5.5% 4.7% 5.1%
Return on invested capital 10.6% 14.9% 38.5%
Return on capital employed 9.8% 11.2% 17.0%
Asset turnover 0.6x 5.1x 1.2x
Cash conversion (OCF / net income) 1.4x 1.7x 2.2x
Stock comp / revenue 0.5% 0.1% 0.2%

Financial Health

11 metrics
MetricSPHGLPFGPR
Debt / assets 51.9% 32.5% 105.2%
Debt / equity 1.7x 1.7x -1.4x
Net debt / EBITDA 4.4x 2.6x 4.9x
Debt / FCF 12.1x 6.6x 17.8x
Liabilities / assets 69.7% 81.4% 172.8%
Equity / assets 30.3% 18.6% -72.8%
Interest coverage 2.8x – 1.7x
Current ratio 0.8x 1.2x 1.1x
Quick ratio 0.4x 0.6x 0.7x
Cash ratio 0.0x 0.0x 0.2x
Altman Z-score – – 1.76

Shareholder Returns

7 metrics
MetricSPHGLPFGPR
Dividend yield 7.4% 6.3% –
Net buyback yield -1.4% – –
Shareholder yield 6.0% 6.3% –
Payout ratio (earnings) 65.7% 66.3% –
Payout ratio (FCF) 84.7% 64.9% –
Dividend growth (1Y) 2.5% 5.3% –
Dividend CAGR (3Y) 1.4% -2.1% –

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.

ConsensusSPHGLPFGPR
Forward P/E 9.1xFY2026 8.0xFY2026 –
EPS, next fiscal year $1.94FY2026 $6.04FY2026 –
EPS growth, next FY -4.9%FY2026 +186.3%FY2026 –
EPS growth, the year after +2.1% -40.2% –
Revenue, next fiscal year $1.34BFY2026 $26.25BFY2026 –
Revenue growth, next FY -6.6%FY2026 +41.4%FY2026 –
Revenue growth, the year after +3.9% +37.7% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSPHGLPFGPR
Held by institutions 43.1% 49.8% 0.0%
Institutions holding 145 115 1
Change in shares held, QoQ +3.8% +1.7% –
Institutions buying 60 60 0
Institutions selling 33 17 0
Buyers to sellers 1.82 3.53 –

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.

SPHGLPFGPR
SPH 1.00 0.57 -0.06
GLP 0.57 1.00 -0.09
FGPR -0.06 -0.09 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SPH, GLP and FGPR?

Global Partners (GLP) is the largest by market capitalisation: Suburban Propane Partners (SPH) $1.20B, Global Partners (GLP) $1.64B, Ferrellgas Partners L P (FGPR) $120.75M.

Which stock is cheaper, SPH, GLP and FGPR?

Ferrellgas Partners L P (FGPR) trades on the lowest price-to-earnings ratio (Suburban Propane Partners (SPH) 9.2x, Global Partners (GLP) 9.4x, Ferrellgas Partners L P (FGPR) 1.6x). On next year's consensus earnings, Global Partners (GLP) is cheapest (Suburban Propane Partners (SPH) 9.1x, Global Partners (GLP) 8.0x). 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: Suburban Propane Partners (SPH) -2.5%, Global Partners (GLP) +20.4%, Ferrellgas Partners L P (FGPR) -3.6%.

Which company is more profitable?

Suburban Propane Partners (SPH) has the highest net margin (Suburban Propane Partners (SPH) 9.4%, Global Partners (GLP) 0.8%, Ferrellgas Partners L P (FGPR) 4.1%). On return on invested capital, Ferrellgas Partners L P (FGPR) leads (Suburban Propane Partners (SPH) 10.6%, Global Partners (GLP) 14.9%, Ferrellgas Partners L P (FGPR) 38.5%).

Which stock has performed better?

Over the past year Ferrellgas Partners L P (FGPR) returned the most: Suburban Propane Partners (SPH) -6.7%, Global Partners (GLP) +5.3%, Ferrellgas Partners L P (FGPR) +6.0%. Over five years, Global Partners (GLP) compounded fastest (Suburban Propane Partners (SPH) +2.0%/yr, Global Partners (GLP) +15.5%/yr, Ferrellgas Partners L P (FGPR) -3.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Global Partners (GLP) has the highest dividend yield: Suburban Propane Partners (SPH) 0.07%, Global Partners (GLP) 0.08%, Ferrellgas Partners L P (FGPR) 0.00%. Ferrellgas Partners L P (FGPR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Suburban Propane Partners (SPH) has been the steadiest (Suburban Propane Partners (SPH) 21.6%, Global Partners (GLP) 30.1%, Ferrellgas Partners L P (FGPR) 37.1%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Global Partners (GLP) leads on 6. 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.