MARKETS / NYSE / Consumer discretionary / Miscellaneous retail / SPH

NYSE · RETAIL-MISCELLANEOUS RETAIL · LARGE CAP

Suburban Propane Partners LP SPH

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$1.4B

▲ 7.9% YoY

Net income

$106.6M

▲ 43.7% YoY

Free cash flow

$114.3M

▲ 13.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Suburban Propane Partners, L.P. specializes in the distribution of propane, renewable propane, renewable natural gas ("RNG"), fuel oil and refined fuels, and in the marketing of natural gas and electricity in deregulated markets. As of September 27, 2025, it was serving approximately 1.0 million residential, commercial, industrial and agricultural customers through approximately 750 locations in 42 states. As of September 27, 2025, it had 3,190 full-time employees and 151 part-time employees. It manages and evaluates its operations in four operating segments, three of which are reportable: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity. As of September 27, 2025, the propane segment served approximately 950,000 propane customers. The Fuel Oil and Refined Fuels segment markets and distributes fuel oil, kerosene, diesel fuel and gasoline to approximately 25,000 residential and commercial customers primarily in the northeast region of the United States. The Natural Gas and Electricity segment markets natural gas and electricity through the company's 100%-owned subsidiary, Agway Energy Services, LLC, in the deregulated markets of New York and Pennsylvania, primarily to residential and small commercial customers. Together with its predecessor companies, the company has been continuously engaged in the retail propane business since 1928.

Written from the business description in SUBURBAN PROPANE PARTNERS LP's annual report to the U.S. Securities and Exchange Commission, filed 26 November 2025. Every sentence was checked against that document before publication.

Growth

USD 1.4B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.4 · Net income 0.1

1B2B

2008201120142017202020232025

Compound annual growth

Revenue

−1.6%

+5.3%

+0.1%

+1.6%

Net income

−8.6%

+11.9%

+2.4%

−0.5%

EPS, diluted

−9.4%

+10.8%

+1.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +5.3% a year over the five years to FY2025 — but profit grew faster: net income at +11.9%, earnings per share at +10.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 14.4% · Net 7.4%

5%10%15%

200820162025

ROE

Not available in our data for this period.

Three returns, three denominators.

Return on equityNot available in our data for this period.

Return on assets4.7%

Return on capital employed10.4%

Gross margin60.6%

Operating margin14.4%

Net margin7.4%

EBITDAUSD 278.4M

Return on equity has no reading this year — return on capital employed, just below, still does: 10%.

Cash & shareholders

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 114.3

100M200M

200820162025

Total assetsUSD 2.3B

CashUSD 405,000.00

Gross debtUSD 1.2B

Net debtUSD 1.2B

Current ratio0.55×

Not available: we don't have the shareholders' equity figure for this period.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data

SPH, 18-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	1.4	1.3	1.4	1.5	1.3	1.1	1.3	1.3	1.2	1.0	1.4	1.9	1.7	1.1	1.2	1.1	1.1	1.6
Operating income $B	0.2	0.2	0.2	0.2	0.2	0.1	0.2	0.2	0.1	0.1	0.2	0.2	0.2	0.0	0.1	0.2	0.2	0.2
EBITDA $B	0.3	0.2	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0.3	0.3	0.3	0.1	0.2	0.2	0.2	0.2
Income tax $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.1	0.1	0.1	0.0	0.1	0.1	0.2	0.2
Free cash flow $B	0.1	0.1	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.1	0.3	0.2	0.2	0.1	0.1	0.1	0.2	0.1
EPS, diluted $	1.62	1.14	1.92	2.18	1.94	0.97	1.10	1.24	0.62	0.24	1.38	1.56	1.34	0.02	3.22	3.24	4.96	4.70
Dividend / sh $	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Payout % — not applicable: no dividend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
ROE % — not available in our data	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

AMZN · WMT · COST · HD · TGT · DIS

Provenance

Company facts, as filed

How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityRetail-Miscellaneous Retail

Listed onNYSE

Incorporated inDelaware

Fiscal year endsSeptember 26

Data on record since2008