15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $716M | -$15M | 55.5% | 6.8% | $21M | $428M | $49000 |
| 2024 | $708M | -$5M | 58.0% | 8.1% | $6M | $438M | $55000 |
| 2023 | $798M | -$5M | 51.2% | 8.4% | $103M | $421M | $54000 |
| 2022 | $1.0B | -$10M | 38.8% | 5.0% | -$11M | $513M | $45000 |
| 2021 | $882M | -$211000 | 39.6% | 6.5% | $20M | $499M | $52000 |
| 2020 | $672M | -$7M | 46.9% | 6.9% | $36M | $513M | $5M |
| 2019 | $847M | -$175M | 41.8% | 6.9% | $45M | $570M | $3M |
| 2018 | $1.0B | $56M | 35.4% | 4.4% | $70M | $656M | $300000 |
| 2017 | $973M | $20M | 38.9% | 4.7% | $27M | $813M | $89000 |
| 2016 | $827M | $32M | 42.2% | 8.8% | $70M | $808M | $75000 |
| 2015 | — | $38M | — | — | $117M | $865M | — |
| 2014 | — | -$12M | — | — | $31M | $889M | — |
| 2013 | — | -$13M | — | — | $20M | $659M | — |
| 2012 | — | $102M | — | — | -$61M | — | — |
| 2011 | — | $23M | — | — | $14M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $188M | -$7M | 52.3% | 4.3% | -$21M | $458M | $49000 |
| Dec '25 | $174M | -$3M | 57.1% | 7.3% | $16M | $428M | $49000 |
| Sep '25 | $169M | -$8M | 55.1% | 4.1% | -$8M | $441M | $49000 |
| Jun '25 | $181M | -$2M | 56.5% | 8.2% | $26M | $428M | $47000 |
| Mar '25 | $193M | -$1M | 53.5% | 7.5% | -$12M | $451M | $52000 |
| Dec '24 | $171M | -$9M | 58.2% | 4.0% | $34M | $438M | $55000 |
| Sep '24 | $171M | -$3M | 58.5% | 7.4% | -$26M | $469M | $56000 |
| Jun '24 | $185M | $4M | 58.4% | 10.8% | -$696000 | $439M | $55000 |
| Mar '24 | $181M | $3M | 57.1% | 9.9% | -$2M | $430M | $54000 |
| Dec '23 | $181M | $517000 | 57.6% | 9.5% | $22M | $421M | $54000 |
| Sep '23 | $177M | -$1M | 57.1% | 8.3% | -$979000 | $440M | $54000 |
| Jun '23 | $196M | $1M | 50.3% | 8.9% | $40M | $436M | $57000 |
| Mar '23 | $245M | -$5M | 42.8% | 7.2% | $42M | $475M | $57000 |
| Dec '22 | $243M | -$375000 | 41.4% | 6.8% | $27M | $513M | $45000 |
| Sep '22 | $229M | -$28M | 33.6% | -5.3% | -$52M | $543M | $45000 |
| Jun '22 | $267M | $7M | 41.2% | 8.0% | -$4M | $489M | $43000 |
| Mar '22 | $279M | $11M | 38.5% | 9.1% | $18M | $483M | $312000 |
| Dec '21 | $286M | $11M | 36.1% | 9.0% | $44M | $499M | $52000 |
| Sep '21 | $211M | -$7M | 38.7% | 3.9% | -$22M | $547M | $7M |
| Jun '21 | $184M | -$7M | 42.5% | 4.1% | -$3M | $517M | $681000 |
How the market has priced MMLP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, MARTIN MIDSTREAM PARTNERS L.P.'s revenue has grown 1.3% per year. These are computed facts, not advice.
As of FY2025, MARTIN MIDSTREAM PARTNERS L.P. reported $428M of total debt against $49000 of cash; operating income covered interest expense 0.8×.
In FY2025, gross margin was 55.5%, operating margin 6.8%, and net margin -2.1%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.