Global Partners (GLP) Gross Margin (2010 - 2026)
Global Partners' (GLP) quarterly Gross Margin came in at 6.24% in Q1 2026, down 550.0% year-on-year from 1.39% in Q1 2025, and up 223.38% on a QoQ basis from 5.06% in Q4 2025.
Global Partners (GLP) Gross Margin (2010 - 2026) Analysis & Trends
Global Partners (GLP) has 17 years of Gross Margin data on file, last reported at 6.24% in Q1 2026.
- On a quarterly basis, Gross Margin fell 550.0% year-over-year to 6.24% in Q1 2026; TTM through Mar 2026 was 16.29%, a 764.0% decrease from a year earlier, with the FY2025 full-year figure at 12.19%, up 1.0% from the prior year.
- Gross Margin for Q1 2026 stood at 6.24%, up from 5.06% in the prior quarter.
- Over the last five years, Gross Margin for GLP reached as high as 1414.85% in Q4 2022 and fell as low as 6.27% in Q4 2024.
- Historically, Gross Margin has averaged 89.93% across 5 years, with a median of 8.14% in 2023.
- Across the five-year window, Gross Margin jumped 141013 bps in 2022 and plunged 140273 bps in 2023, its largest moves.
- Year by year, 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 increased by 19 bps to 5.06% in 2025, then soared by 223 bps to 6.24% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 6.24% in Q1 2026, 5.06% in Q4 2025, and 12.1% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 89.73% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 76.80% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 68.62% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 41.12% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 97.17% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 23.85% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 41.52% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 93.41% |
| 10 | Global Partners | 1.64 Bn | 1.58 Bn | 332.17 Mn | 6.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 9.76% |