Suburban Propane Partners (SPH) Gross Margin (2009 - 2026)
Suburban Propane Partners (SPH) posted quarterly Gross Margin of 62.36% for Q1 2026, up 360.0% year-over-year from 13.56% in Q1 2025, and down 3.59% on a QoQ basis from 64.67% in Q4 2025.
Suburban Propane Partners (SPH) Gross Margin (2009 - 2026) Analysis & Trends
Suburban Propane Partners (SPH) has reported Gross Margin for 18 consecutive years, with 62.36% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 360.0% year-over-year to 62.36%; the TTM figure through Mar 2026 stood at 63.21% (up 313.0% YoY), while the FY2025 annual figure was 60.65%, changed 0.0% from the prior year.
- Gross Margin came in at 62.36% for Q1 2026 at Suburban Propane Partners, down from 64.67% in the prior quarter.
- The five-year high for Gross Margin was 71.13% in Q3 2023, with the low at 42.84% in Q3 2022.
- Average Gross Margin over 5 years is 59.53%, with a median of 60.36% recorded in 2023.
- Across the five-year window, Gross Margin slumped 2475 bps in 2022 and jumped 2828 bps in 2023, its largest moves.
- Year by year, Gross Margin stood at 54.05% in 2022, then increased by 8 bps to 58.16% in 2023, then climbed by 4 bps to 60.58% in 2024, then advanced by 7 bps to 64.67% in 2025, then declined by 4 bps to 62.36% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 62.36%, 64.67%, and 64.7% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atmos Energy | 28.80 Bn | 28.68 Bn | - | - |
| 2 | Nisource | 22.46 Bn | 24.65 Bn | 1.83 Bn | 78.93% |
| 3 | Ugi | 7.39 Bn | 6.84 Bn | 1.50 Bn | 55.79% |
| 4 | New Jersey Resources | 5.67 Bn | 5.53 Bn | 826.91 Mn | 88.02% |
| 5 | Black Hills | 5.61 Bn | 5.58 Bn | - | - |
| 6 | ONE Gas | 4.80 Bn | 4.77 Bn | 438.14 Mn | 52.68% |
| 7 | Mdu Resources | 4.26 Bn | 4.20 Bn | - | - |
| 8 | Chesapeake Utilities | 2.94 Bn | 2.94 Bn | 102.40 Mn | 41.08% |
| 9 | Centuri Holdings | 2.87 Bn | 2.82 Bn | 35.76 Mn | 4.94% |
| 10 | Suburban Propane Partners | 1.16 Mn | -3.13 Mn | 343.71 Mn | 62.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 62.36% |
| Dec 27, 2025 | 64.67% |
| Sep 27, 2025 | 64.70% |
| Jun 28, 2025 | 61.73% |
| Mar 29, 2025 | 58.76% |
| Dec 28, 2024 | 60.58% |
| Sep 28, 2024 | 59.44% |
| Jun 29, 2024 | 62.92% |
| Mar 30, 2024 | 61.83% |
| Dec 30, 2023 | 58.16% |
| Sep 30, 2023 | 71.13% |
| Jun 24, 2023 | 60.36% |
| Mar 25, 2023 | 56.01% |
| Dec 24, 2022 | 54.05% |
| Sep 24, 2022 | 42.84% |
| Jun 25, 2022 | 53.08% |
| Mar 26, 2022 | 59.36% |
| Dec 25, 2021 | 47.70% |
| Sep 25, 2021 | 67.60% |
| Jun 26, 2021 | 65.11% |