Global Partners (GLP) Gross Margin (2010 - 2026)
Global Partners (GLP) posted quarterly Gross Margin of 6.24% for Q1 2026, down 550.0% year-over-year from 1.39% in Q1 2025, and up 223.38% quarter-over-quarter from 5.06% in Q4 2025.
Global Partners (GLP) Gross Margin (2010 - 2026) Analysis & Trends
Global Partners (GLP) has reported Gross Margin for 17 consecutive years, with 6.24% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 550.0% year-over-year to 6.24%; the TTM figure through Mar 2026 stood at 16.29% (down 764.0% YoY), while the FY2025 annual figure was 12.19%, up 1.0% from the prior year.
- Gross Margin grew to 6.24% in Q1 2026 per GLP's latest filing, from 5.06% in the prior quarter.
- Across five years, Gross Margin topped out at 1414.85% in Q4 2022 and bottomed at 6.27% in Q4 2024.
- Historically, Gross Margin has averaged 89.93% across 5 years, with a median of 8.14% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin soared 141013 bps — and 2023, when it slumped 140273 bps.
- Global Partners' Gross Margin stood at 1414.85% in 2022, then sank by 99 bps to 12.12% in 2023, then slumped by 152 bps to 6.27% in 2024, then climbed by 19 bps to 5.06% in 2025, then jumped by 223 bps to 6.24% in 2026.
- Business Quant data shows GLP's Gross Margin at 6.24% in Q1 2026, 5.06% in Q4 2025, and 12.1% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 68.62% |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 24.69% |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 21.55% |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 95.91% |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 82.28% |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 23.30% |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 48.15% |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 92.34% |
| 10 | Global Partners | 1.75 Bn | 1.70 Bn | 328.94 Mn | 4.84% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.84% |
| Mar 31, 2026 | 6.24% |
| Dec 31, 2025 | -5.06% |
| Sep 30, 2025 | 12.10% |
| Jun 30, 2025 | 5.89% |
| Mar 31, 2025 | 11.74% |
| Dec 31, 2024 | -6.27% |
| Sep 30, 2024 | 6.47% |
| Jun 30, 2024 | 12.62% |
| Mar 31, 2024 | 5.19% |
| Dec 31, 2023 | 12.12% |
| Sep 30, 2023 | 8.14% |
| Jun 30, 2023 | 10.51% |
| Mar 31, 2023 | 5.51% |
| Dec 31, 2022 | 1,414.85% |
| Sep 30, 2022 | 12.06% |
| Jun 30, 2022 | 8.81% |
| Mar 31, 2022 | 7.91% |
| Dec 31, 2021 | 4.72% |
| Sep 30, 2021 | 10.22% |