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SPH Financials SUBURBAN PROPANE PARTNERS LP

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 →

Growth & profitability

  • Revenue has grown 5.3% per year over the past 5 years.
  • Net income has grown faster than revenue (11.9% vs 5.3% per year).
  • Operating margin has expanded, at 14.4% in the latest year.
  • Free cash flow has declined 8.4% per year over the past 5 years.

Financial health

  • Total debt ($1.2B) exceeds cash ($405000); net debt is $1.2B.
  • Total debt has grown slower than revenue (0.0% vs 5.3% per year).
  • Operating income covered interest expense 2.7× in the latest year, up from 1.9× 5 years ago.
  • Total debt is 4.4× EBITDA.
Revenue & net income
$0 $751M $2B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 33% 65% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $98M $197M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $711M $1B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$240M -$6M $227M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $1.4B $107M 60.6% 14.4% $114M $1.2B $405000
2024 $1.3B $74M 60.7% 12.9% $101M $1.2B $3M
2023 $1.4B $124M 58.7% 14.5% $180M $1.2B $4M
2022 $1.5B $140M 52.6% 13.7% $176M $1.1B $4M
2021 $1.3B $123M 62.3% 16.5% $197M $1.1B $6M
2020 $1.1B $61M 65.4% 12.7% $177M $1.2B $3M
2019 $1.3B $69M 58.8% 11.9% $192M $1.2B $2M
2018 $1.3B $77M 55.9% 11.8% $178M $1.3B $5M
2017 $1.2B $38M 59.9% 10.8% $136M $1.3B $3M
2016 $1.0B $14M 65.4% 8.6% $119M $1.2B $37M
2015 — $84M — — — $1.2B $152M
2014 — $95M — — $195M $1.2B $93M
2013 — $79M — — $186M $1.2B $107M
2012 — $638000 — — $93M $1.4B $134M
2011 — $115M — — $111M $348M $150M

Valuation over time

How the market has priced SPH 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.

Price / earnings (P/E)
0.0 9.4 18.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.5 1.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is SPH growing its revenue and profit?

Over the past 5 years, SUBURBAN PROPANE PARTNERS LP's revenue has grown 5.3% per year, and net income grown 11.9% per year. These are computed facts, not advice.

How much debt does SPH have?

As of FY2025, SUBURBAN PROPANE PARTNERS LP reported $1.2B of total debt against $405000 of cash; operating income covered interest expense 2.7×.

What is SPH's profit margin?

In FY2025, gross margin was 60.6%, operating margin 14.4%, and net margin 7.4%.

What is SPH's P/E ratio?

As of Jun '26, SUBURBAN PROPANE PARTNERS LP traded at a price-to-earnings ratio of about 10.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

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.