GEL vs MPLX
Genesis Energy LP and Mplx LP, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | GEL | MPLX |
|---|---|---|
| Revenue | $1.6B | $13.0B |
| Net income | $-440.4M | $5.0B |
| Gross margin | · | · |
| Net margin | −24.1% | 38.1% |
| Return on equity | · | · |
| Diluted EPS | −$4.19 | · |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $65.9M | $4.1B |
| Equity | · | · |
| Net debt / equity | · | · |
| Current ratio | 0.98× | 1.23× |
| Revenue CAGR 5y | −2.2% | 11.4% |
| Profit CAGR 5y | · | · |
MPLX bills 8.0× the revenue of GEL, and GEL closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | GEL | MPLX |
|---|---|---|
| FY2025 | $1.6B | $13.0B |
| FY2024 | $1.7B | $11.9B |
| FY2023 | $1.7B | $11.3B |
| FY2022 | $2.8B | $11.6B |
| FY2021 | $2.1B | $10.0B |
| FY2020 | $1.8B | $7.6B |
| FY2019 | $2.5B | $9.0B |
| FY2018 | $2.9B | $7.0B |
| FY2017 | $2.0B | $3.9B |
| FY2016 | $1.7B | $3.0B |
Bottom line
| Fiscal year | GEL | MPLX |
|---|---|---|
| FY2025 | $-440.4M | $5.0B |
| FY2024 | $-63.9M | $4.4B |
| FY2023 | $117.7M | $4.0B |
| FY2022 | $75.5M | $4.0B |
| FY2021 | $-165.1M | $3.1B |
| FY2020 | $-416.7M | $-720.0M |
| FY2019 | $96.0M | $1.0B |
| FY2018 | $-6.1M | $1.8B |
| FY2017 | $82.6M | $794.0M |
| FY2016 | $113.2M | $233.0M |
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$11,367,585,000 | MPLX |
| FY2024 | −$10,272,166,000 | MPLX |
| FY2023 | −$9,559,677,000 | MPLX |
| FY2022 | −$8,824,043,000 | MPLX |
| FY2021 | −$7,901,524,000 | MPLX |
| FY2020 | −$5,744,345,000 | MPLX |
| FY2019 | −$6,560,180,000 | MPLX |
| FY2018 | −$4,092,230,000 | MPLX |
| FY2017 | −$1,838,623,000 | MPLX |
| FY2016 | −$1,316,507,000 | MPLX |
| FY2015 | +$1,145,529,000 | GEL |
| FY2014 | +$3,053,164,000 | GEL |
| FY2013 | +$3,648,830,000 | GEL |
The higher-revenue side has changed between GEL and MPLX over this period. The gap has widened since the earliest year compared.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −62.2 pp | MPLX |
| FY2024 | −38.5 pp | MPLX |
| FY2023 | −26.7 pp | MPLX |
| FY2022 | −29.6 pp | MPLX |
| FY2021 | −37.5 pp | MPLX |
| FY2020 | −12.9 pp | MPLX |
| FY2019 | −12.1 pp | MPLX |
| FY2018 | −29.0 pp | MPLX |
| FY2017 | −17.6 pp | MPLX |
| FY2016 | −7.8 pp | MPLX |
| FY2015 | −11.5 pp | MPLX |
| FY2014 | −27.4 pp | MPLX |
| FY2013 | −28.0 pp | MPLX |
MPLX has kept the higher net margin in every one of these 13 fiscal years.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MPLX's net margin has been more volatile than GEL's over the 13 comparable fiscal years — 12.3 percentage points of standard deviation against 11.2.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
MPLX led in net margin in every one of the 13 comparable fiscal years — a structural lead, not a recent swing.
13 of 17 comparable fiscal years — a year missing data on either side is not counted.