Global Partners (GLP) Gross Margin (2010 - 2026)
Global Partners' (GLP) quarterly Gross Margin came in at 13.91% in Q1 2026, up 836.0% year-on-year from 1.49% in Q1 2025, and up 145.81% sequentially from 5.66% in Q4 2025.
Global Partners (GLP) Gross Margin (2010 - 2026) Analysis & Trends
Global Partners' Gross Margin history runs 17 years deep, the most recent figure standing at 13.91% for Q1 2026.
- In Q1 2026, Gross Margin rose 836.0% year-over-year to 13.91%; the TTM figure through Mar 2026 stood at 6.96% (up 238.0% YoY), while the FY2025 annual figure was 5.72%, down 44.0% from the prior year.
- Gross Margin came in at 13.91% for Q1 2026 at Global Partners, up from 5.66% in the prior quarter.
- Over five years, Gross Margin peaked at 1414.85% in Q4 2022 and troughed at 2.55% in Q4 2024.
- The 5-year median for Gross Margin is 6.47% (2024), against an average of 89.91%.
- The widest annual swing landed in 2022, when Gross Margin jumped 141013 bps; it then plunged 140849 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 1414.85% in 2022, then sank by 100 bps to 6.36% in 2023, then tumbled by 60 bps to 2.55% in 2024, then jumped by 122 bps to 5.66% in 2025, then jumped by 146 bps to 13.91% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 13.91% in Q1 2026, 5.66% in Q4 2025, and 5.78% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 41.12% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 63.77% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 23.85% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 41.52% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 83.61% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 26.67% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 23.28% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 94.13% |
| 10 | Global Partners | 1.58 Bn | 1.52 Bn | 332.17 Mn | 13.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.91% |
| Dec 31, 2025 | 5.66% |
| Sep 30, 2025 | 5.78% |
| Jun 30, 2025 | 5.89% |
| Mar 31, 2025 | 5.56% |
| Dec 31, 2024 | 2.55% |
| Sep 30, 2024 | 6.47% |
| Jun 30, 2024 | 6.53% |
| Mar 31, 2024 | 9.77% |
| Dec 31, 2023 | 6.36% |
| Sep 30, 2023 | 8.14% |
| Jun 30, 2023 | 10.51% |
| Mar 31, 2023 | 9.56% |
| Dec 31, 2022 | 1,414.85% |
| Sep 30, 2022 | 7.10% |
| Jun 30, 2022 | 5.29% |
| Mar 31, 2022 | 4.58% |
| Dec 31, 2021 | 4.72% |
| Sep 30, 2021 | 6.11% |
| Jun 30, 2021 | 9.76% |