Global Partners LP Common Units (GLP) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$1.24	$1.86	+50.0%	—	—	—
Q2 26	$0.33	$1.85	+460.6%	—	—	—
Q1 26	$0.6	$0.54	-10.0%	—	—	—
Q4 25	$1.09	$0.66	-39.4%	—	—	—
Q3 25	$0.6	$0.55	-8.3%	—	—	—
Q2 25	-$0.03	$0.36	+1300.0%	—	—	—
Q1 25	$0.24	$0.52	+116.7%	—	—	—
Q4 24	$1.57	$1.17	-25.5%	—	—	—
Q3 24	$1.5	$1.1	-26.7%	—	—	—
Q2 24	$0.1	-$0.37	-470.0%	—	—	—
Q1 24	$0.96	$1.41	+46.9%	—	—	—
Q4 23	$0.69	$0.6	-13.0%	—	—	—
Q3 23	$1.28	$1.05	-18.0%	—	—	—
Q2 23	$0.65	$0.7	+7.7%	—	—	—
Q1 23	$1.4	$1.54	+10.0%	—	—	—
Q4 22	$1.33	$3.12	+134.6%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.13	—	—	$18.6B	—
FY24	—	$2.45	—	—	$17.2B	—
FY23	—	$3.77	—	—	$16.5B	—
FY22	—	$10.1	—	—	$18.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$8.2B	$8.9B	$12.7B	$13.1B	$8.3B	$13.2B	$18.9B	$16.5B	$17.2B	$18.6B
YoY change	-20.1%	+8.26%	+42.1%	+3.23%	-36.4%	+59.2%	+42.5%	-12.6%	+4.07%	+8.14%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	8.2B	8.9B	12.7B	13.1B	8.3B	13.2B	18.9B	16.5B	17.2B	18.6B
Cost of revenue	7.7B	8.3B	12B	12.4B	7.6B	12.5B	17.8B	15.5B	16.1B	17.5B
Gross profit	546.5M	583.1M	650.4M	662.8M	721.1M	719.3M	1.1B	973.6M	1.1B	1.1B
Gross margin	6.63%	6.54%	5.13%	5.07%	8.67%	5.43%	5.81%	5.9%	6.16%	5.72%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	149.7M	155M	171M	170.9M	192.5M	212.9M	263.1M	273.7M	292.1M	305.7M
Operating expenses	438.2M	438.7M	492.1M	513.3M	515.8M	566.5M	708.4M	724.4M	807.4M	825.2M
Operating income	98.9M	119M	200M	138M	194.5M	142.1M	380.4M	241.1M	242.2M	231.6M
Operating margin	1.2%	1.33%	1.58%	1.05%	2.34%	1.07%	2.02%	1.46%	1.41%	1.25%
Non-operating income, net	-251.1M	815K	-2.8M	-11.9M	-9.4M	126K	79.9M	5.1M	7.5M	4.6M
Pretax income	-238.6M	33.6M	108M	36.3M	101.6M	62.1M	379M	160.6M	114.9M	99M
Income tax	53K	-23.6M	5.6M	1.1M	-119K	1.3M	16.8M	8.1M	4.6M	1.1M
Net income	-238.6M	57.1M	102.4M	35.2M	101.7M	60.8M	362.2M	152.5M	110.3M	98M
Net margin	-2.9%	0.64%	0.81%	0.27%	1.22%	0.46%	1.92%	0.92%	0.64%	0.53%
EBITDA	210.8M	224.6M	306.8M	246.2M	294.6M	244.3M	485.2M	353.7M	380.4M	378.7M
EPS	-5.91	1.74	2.97	0.82	2.77	1.33	10.1	3.77	2.45	2.13
Diluted EPS	-5.91	1.74	2.95	0.81	2.74	1.31	10	3.76	2.41	2.11

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	4.2B	4.4B	4.1B	4.4B	4.4B	4.2B	4.6B	4.6B	4.7B	4.6B	5.3B	6.8B
Cost of revenue	4B	4.1B	3.9B	4.1B	4.1B	3.9B	4.3B	4.4B	4.4B	4.4B	5B	6.5B
Gross profit	228.5M	280.4M	215.1M	287.9M	286M	268.8M	255.2M	272.4M	271.4M	263.1M	332.2M	328.9M
Gross margin	5.41%	6.36%	5.19%	6.53%	6.47%	6.42%	5.56%	5.89%	5.78%	5.66%	6.24%	4.84%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	63.5M	81.3M	69.8M	72.4M	70.5M	79.4M	73.7M	74.8M	76.3M	80.9M	99.3M	83M
Operating expenses	179.4M	197.3M	189.9M	202.3M	207.6M	207.5M	200.4M	210.4M	208.8M	205.5M	228.6M	219.9M
Operating income	47.1M	81.1M	23.3M	83.6M	76.1M	59.2M	53.4M	60.5M	61.3M	56.3M	102.3M	107.8M
Operating margin	1.12%	1.84%	0.56%	1.9%	1.72%	1.41%	1.16%	1.31%	1.31%	1.21%	1.92%	1.59%
Non-operating income, net	2.1M	604K	1.1M	-43K	7.2M	-757K	2.6M	-927K	595K	2.4M	4.2M	1.5M
Pretax income	28.1M	61.1M	-5.2M	48M	48.2M	24M	19.9M	25.1M	28.6M	25.4M	71M	76.3M
Income tax	1.3M	5.8M	363K	1.8M	2.3M	148K	1.2M	-112K	-447K	392K	839K	5.3M
Net income	26.8M	55.3M	-5.6M	46.1M	45.9M	23.9M	18.7M	25.2M	29M	25.1M	70.1M	71M
Net margin	0.64%	1.25%	-0.14%	1.05%	1.04%	0.57%	0.41%	0.54%	0.62%	0.54%	1.32%	1.05%
EBITDA	75.8M	110.4M	54.4M	118.5M	111.9M	95.7M	89.4M	99M	97.2M	93.1M	138.6M	146.4M
EPS	0.6	—	-0.37	1.11	1.18	0.53	0.37	0.55	0.66	0.54	1.86	1.87
Diluted EPS	0.6	—	-0.37	1.1	1.17	0.52	0.36	0.55	0.66	0.54	1.85	1.86

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	652.1M	560.9M	549.3M	681.6M	563.5M	797.3M	1.2B	1.4B	1.6B	1.4B	1.6B
Enterprise value	2.1B	1.8B	1.8B	2.3B	2B	2.4B	2.6B	3B	3.6B	3.5B	3.7B
Shares outstanding	33.5M	33.6M	33.7M	33.8M	33.9M	33.9M	33.9M	34M	33.8M	33.9M	33.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	9.82	5.36	19.4	5.54	13.1	3.26	9.42	14.3	14.5	9.65
P/S	0.08	0.06	0.04	0.05	0.07	0.06	0.06	0.09	0.09	0.08	0.07
P/B	1.64	1.42	1.1	1.48	1.14	1.51	1.5	1.8	2.2	2.1	2.38
EV/EBITDA	9.94	7.93	5.96	9.47	6.95	9.65	5.37	8.36	9.45	9.19	7.8
EV/Sales	0.25	0.2	0.14	0.18	0.25	0.18	0.14	0.18	0.21	0.19	0.17
Earnings yield	—	10.2%	18.6%	5.16%	18%	7.63%	30.7%	10.6%	7%	6.91%	10.4%
FCF yield	-29.3%	53.2%	18.1%	1.69%	41.9%	-6.46%	31.6%	7.68%	-18.2%	13.6%	8.55%
PEG	—	—	—	—	—	—	—	—	—	—	0.04

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	6.63%	6.54%	5.13%	5.07%	8.67%	5.43%	5.81%	5.9%	6.16%	5.72%	4.84%
Operating margin	1.2%	1.33%	1.58%	1.05%	2.34%	1.07%	2.02%	1.46%	1.41%	1.25%	1.59%
Net margin	-2.9%	0.64%	0.81%	0.27%	1.22%	0.46%	1.92%	0.92%	0.64%	0.53%	0.81%
ROE	-60%	14.5%	20.5%	7.66%	20.5%	11.5%	45.9%	19%	15.4%	14.5%	27.2%
ROA	-9.31%	2.46%	4.22%	1.25%	4%	2.15%	11.5%	4.43%	2.91%	2.54%	5.25%
ROIC	5.37%	7.37%	10.7%	6.34%	9.83%	6.65%	16.4%	9.87%	8.5%	8.36%	11.6%
Return on tangible assets	-12.9%	3.61%	6.2%	1.7%	5.58%	2.86%	16.1%	5.99%	3.8%	3.29%	6.18%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.35	1.31	1.5	1.33	1.57	1.27	1.2	1.12	1.21	1.14	1.19
Quick ratio	0.69	0.79	0.84	0.73	0.8	0.66	0.62	0.71	0.61	0.63	0.71
Debt / equity	3.65	3.13	2.58	3.62	3.01	2.98	1.82	1.92	2.83	3.07	2.68
Debt / assets	0.57	0.53	0.53	0.59	0.59	0.56	0.45	0.45	0.53	0.54	0.5
Net debt / EBITDA	6.84	5.43	4.17	6.7	5.03	6.39	2.94	4.29	5.31	5.45	4.17
Interest coverage	-1.76	1.39	2.21	1.4	2.22	1.78	5.66	2.88	1.85	1.72	2.49
Effective tax rate	0%	0%	5.21%	3.02%	0%	2.15%	4.44%	5.06%	4.01%	1.07%	3.01%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	245.8	265.6	376	386.9	245.4	390.3	556.3	485.5	507.2	548	633.4
EPS (basic)	-5.91	1.74	2.97	0.82	2.77	1.33	10.1	3.77	2.45	2.13	2.13
EPS (diluted)	-5.91	1.74	2.95	0.81	2.74	1.31	10	3.76	2.41	2.11	4.89
Book value per share	11.9	11.7	14.8	13.6	14.6	15.5	23.2	23.6	21.2	19.9	19.8
FCF per share	-5.7	8.89	2.96	0.34	6.97	-1.52	11	3.25	-8.47	5.71	5.85
Cash per share	0.3	0.44	0.24	0.36	0.29	0.32	0.12	0.58	0.24	0.36	0.71
Capex per share	2.32	0.98	0.55	0.5	0.24	0.19	3.79	8.84	4.92	2.7	3.67

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.94%	0.37%	0.15%	0.13%	0.1%	0.05%	0.68%	1.82%	0.97%	0.49%	0.58%
Capex / operating cash flow	-28%	9.66%	12.5%	15.5%	2.74%	14.1%	24.3%	61.1%	2.3K%	32.1%	38.6%
Payout ratio	-26.2%	109.7%	64.5%	217.8%	70.2%	151.2%	27.7%	94.9%	110.2%	129.3%	62%
Dividend yield	9.59%	11.2%	12%	11.2%	12.7%	11.5%	8.51%	10.1%	7.72%	8.93%	6.62%

Yield

6.62%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.78

ex-dividend Aug 10, 2026

Payout ratio

62%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 10, 2026	$0.78
May 11, 2026	$0.765
Feb 9, 2026	$0.76

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$4.2B	$4.4B	$4.1B	$4.4B	$4.4B	$4.2B	$4.6B	$4.6B	$4.7B	$4.6B	$5.3B	$6.8B
YoY change	-8.77%	-0.4%	+2.85%	+15.1%	+4.77%	-5.05%	+10.8%	+4.93%	+6.15%	+11%	+15.9%	+46.8%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	10M	14.9M	8.1M	12M	9.7M	10.8M	4M	19.6M	8.2M	12.2M
Receivables	421.4M	417.3M	334.8M	413.2M	227.3M	411.2M	478.8M	551.8M	472.6M	530.1M
Inventory	521.9M	350.7M	386.4M	450.5M	384.4M	509.5M	566.7M	397.3M	594.1M	549.1M
Total current assets	1.1B	878.1M	874.9M	1B	781.4M	1.1B	1.2B	1.1B	1.2B	1.2B
Property, plant & equipment	135.6M	51.9M	38.1M	205.1M	129.5M	52.6M	64.4M	28.3M	60M	15.9M
Goodwill & intangibles	719.6M	737.9M	771.9M	742.5M	719M	708.3M	909.3M	899.9M	881.2M	870.5M
Total assets	2.6B	2.3B	2.4B	2.8B	2.5B	2.8B	3.2B	3.4B	3.8B	3.9B
Accounts payable	320.3M	313.4M	309M	373.4M	207.9M	353.3M	530.9M	648.7M	510M	573.2M
Short-term debt	274.6M	126.7M	103.3M	217.1M	109.8M	267.1M	218.3M	76.7M	186.3M	199.9M
Total current liabilities	799.2M	668.7M	582.8M	753.9M	497.5M	839.6M	971.5M	982.8M	1B	1.1B
Long-term debt	1.2B	1.1B	1.2B	1.4B	1.4B	1.3B	1.2B	1.5B	1.8B	1.9B
Total liabilities	2.2B	1.9B	1.9B	2.3B	2B	2.3B	2.4B	2.6B	3.1B	3.2B
Shareholders' equity	397.8M	394.3M	499.2M	459.2M	495.5M	527.8M	788.4M	800.7M	716.6M	675.5M
Total debt	1.5B	1.2B	1.3B	1.7B	1.5B	1.6B	1.4B	1.5B	2B	2.1B
Net debt	1.4B	1.2B	1.3B	1.7B	1.5B	1.6B	1.4B	1.5B	2B	2.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	—	—	—	—	—	—	—	—	17.9M	12.2M	18.4M	23.9M
Receivables	—	—	—	—	—	—	—	—	—	—	—	706.3M
Inventory	—	—	—	—	—	—	—	—	478.5M	549.1M	736.1M	577.8M
Total current assets	—	—	—	—	—	—	—	—	1.1B	1.2B	1.7B	1.4B
Property, plant & equipment	—	—	—	—	—	—	—	—	-16.6M	15.9M	-29.2M	-44.4M
Goodwill & intangibles	—	—	—	—	—	—	—	—	873.1M	870.5M	868M	865.4M
Total assets	—	—	—	—	—	—	—	—	3.7B	3.9B	4.3B	4B
Accounts payable	—	—	—	—	—	—	—	—	486.3M	573.2M	749.8M	714.3M
Short-term debt	125.8M	76.7M	281.5M	335.2M	268.9M	186.3M	310.9M	152.5M	195.6M	199.9M	382.7M	146.7M
Total current liabilities	—	—	—	—	—	—	—	—	933.9M	1.1B	1.5B	1.2B
Long-term debt	—	—	—	—	—	—	—	—	1.9B	1.9B	1.9B	1.9B
Total liabilities	—	—	—	—	—	—	—	—	3B	3.2B	3.6B	3.3B
Shareholders' equity	—	—	—	—	—	—	—	—	682.5M	675.5M	711.8M	748.6M
Total debt	125.8M	76.7M	281.5M	335.2M	268.9M	186.3M	310.9M	152.5M	2.1B	2.1B	2.2B	2B
Net debt	—	—	—	—	—	—	—	—	2B	2.1B	2.2B	2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-238.6M	57.1M	102.4M	35.2M	101.7M	60.8M	362.2M	152.5M	110.3M	98M
Depreciation & amortization	111.9M	105.7M	106.8M	108.2M	100.1M	102.2M	104.8M	110.1M	139.7M	142.6M
Stock-based compensation	4.1M	2.8M	2.7M	2M	1.1M	707K	2.7M	10.6M	15.5M	13.4M
Change in working capital	-145.2M	192.2M	-22.6M	-41.4M	78.2M	-124M	44.6M	210.5M	-260.4M	49.9M
Operating cash flow	-277.8M	339.5M	146.7M	109.9M	299.7M	45.4M	529.3M	491.9M	7.2M	284.8M
Capital expenditure	77.7M	32.8M	18.4M	17.1M	8.2M	6.4M	128.5M	-300.3M	-166.5M	-91.5M
Investing cash flow	77.7M	-11.8M	-156.5M	15.7M	6.6M	-13.3M	-129.4M	-405.6M	-192.6M	-120M
Dividends paid	-62.5M	-62.7M	-66M	-76.6M	-71.4M	-91.9M	-100.5M	-144.7M	-121.6M	-126.6M
Share repurchases	0	-522K	-835K	-657K	-568K	-6M	-4.5M	-4M	-85M	-23.4M
Financing cash flow	-54.1M	-282M	49.3M	-51.2M	-455.3M	-12.6M	-451.9M	-148.9M	233.8M	-179.8M
Net change in cash	-254.2M	45.8M	39.5M	74.3M	-149.1M	19.4M	-52M	-62.6M	48.4M	-15M
Free cash flow	-191.2M	298.6M	99.7M	11.5M	236.2M	-51.5M	373.2M	110.4M	-286.8M	193.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	29M	25.1M	70.1M	71M
Depreciation & amortization	—	—	—	—	—	—	—	—	35.2M	35.3M	35.6M	36.6M
Stock-based compensation	—	—	—	—	—	—	—	—	3.4M	3.3M	7.4M	5.8M
Change in working capital	-47M	-3.2M	—	-163.7M	—	-95.1M	76.3M	—	-30M	-5.2M	-190.5M	169.5M
Operating cash flow	-47M	-3.2M	—	-163.7M	—	-95.1M	76.3M	—	19M	101M	-104.7M	309.4M
Capital expenditure	—	—	—	—	—	—	—	—	-19.7M	-38.8M	-31.9M	-35M
Investing cash flow	—	—	—	—	—	—	—	—	-24M	-43M	-36.4M	-34.3M
Dividends paid	—	—	—	—	—	—	—	—	-31.9M	-32.1M	-32.5M	-32.9M
Share repurchases	—	—	—	—	—	—	—	—	-3.8M	-2.6M	-7.5M	-6.1M
Financing cash flow	—	—	441.3M	264.4M	-62M	10.3M	0	441.4M	3.2M	-70.6M	138.9M	-39M
Net change in cash	-47M	-3.2M	441.3M	100.7M	-62M	-84.8M	76.3M	441.4M	-1.8M	-12.5M	-2.1M	236.1M
Free cash flow	—	—	—	—	—	—	—	—	-678K	62.2M	-136.6M	274.4M

Global Partners LP Common Units Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement