SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
NYSE:SPH • US8644821048
20.26 USD
+0.25 (+1.25%)
At close: Feb 13, 2026
20.26 USD
0 (0%)
After Hours: 2/13/2026, 8:04:00 PM
SPH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Gas Utilities industry. While SPH is still in line with the averages on profitability rating, there are concerns on its financial health. SPH is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
- In the past year SPH was profitable.
- In the past year SPH had a positive cash flow from operations.
- In the past 5 years SPH has always been profitable.
- In the past 5 years SPH always reported a positive cash flow from operatings.
1.2 Ratios
- SPH has a Return On Assets of 4.64%. This is amongst the best in the industry. SPH outperforms 85.71% of its industry peers.
- Looking at the Return On Equity, with a value of 17.80%, SPH belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
- SPH's Return On Invested Capital of 8.18% is fine compared to the rest of the industry. SPH outperforms 78.57% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for SPH is in line with the industry average of 8.49%.
- The 3 year average ROIC (7.79%) for SPH is below the current ROIC(8.18%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.64% | ||
| ROE | 17.8% | ||
| ROIC | 8.18% |
ROA(3y)4.45%
ROA(5y)5.2%
ROE(3y)18%
ROE(5y)22.19%
ROIC(3y)7.79%
ROIC(5y)8.4%
1.3 Margins
- SPH's Profit Margin of 7.44% is on the low side compared to the rest of the industry. SPH is outperformed by 78.57% of its industry peers.
- In the last couple of years the Profit Margin of SPH has grown nicely.
- SPH's Operating Margin of 14.40% is on the low side compared to the rest of the industry. SPH is outperformed by 78.57% of its industry peers.
- SPH's Operating Margin has improved in the last couple of years.
- The Gross Margin of SPH (60.65%) is comparable to the rest of the industry.
- SPH's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.4% | ||
| PM (TTM) | 7.44% | ||
| GM | 60.65% |
OM growth 3Y1.58%
OM growth 5Y2.61%
PM growth 3Y-7.18%
PM growth 5Y6.27%
GM growth 3Y4.88%
GM growth 5Y-1.51%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SPH is still creating some value.
- SPH has more shares outstanding than it did 1 year ago.
- SPH has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for SPH has been reduced compared to a year ago.
2.2 Solvency
- SPH has a debt to FCF ratio of 10.60. This is a negative value and a sign of low solvency as SPH would need 10.60 years to pay back of all of its debts.
- The Debt to FCF ratio of SPH (10.60) is better than 92.86% of its industry peers.
- SPH has a Debt/Equity ratio of 2.02. This is a high value indicating a heavy dependency on external financing.
- SPH's Debt to Equity ratio of 2.02 is on the low side compared to the rest of the industry. SPH is outperformed by 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.02 | ||
| Debt/FCF | 10.6 | ||
| Altman-Z | N/A |
ROIC/WACC1.19
WACC6.85%
2.3 Liquidity
- A Current Ratio of 0.55 indicates that SPH may have some problems paying its short term obligations.
- SPH has a Current ratio of 0.55. This is in the lower half of the industry: SPH underperforms 78.57% of its industry peers.
- A Quick Ratio of 0.31 indicates that SPH may have some problems paying its short term obligations.
- SPH has a Quick ratio of 0.31. This is in the lower half of the industry: SPH underperforms 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 91.51% over the past year.
- SPH shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.07% yearly.
- SPH shows a small growth in Revenue. In the last year, the Revenue has grown by 7.94%.
- SPH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.27% yearly.
EPS 1Y (TTM)91.51%
EPS 3Y-9.33%
EPS 5Y11.07%
EPS Q2Q%130%
Revenue 1Y (TTM)7.94%
Revenue growth 3Y-1.56%
Revenue growth 5Y5.27%
Sales Q2Q%-0.79%
3.2 Future
- The Earnings Per Share is expected to grow by 5.19% on average over the next years.
- SPH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.63% yearly.
EPS Next Y12.09%
EPS Next 2Y5.87%
EPS Next 3Y5.19%
EPS Next 5YN/A
Revenue Next Year-0.75%
Revenue Next 2Y0.44%
Revenue Next 3Y0.63%
Revenue Next 5YN/A
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 9.98 indicates a reasonable valuation of SPH.
- 92.86% of the companies in the same industry are more expensive than SPH, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 27.97. SPH is valued rather cheaply when compared to this.
- The Price/Forward Earnings ratio is 11.02, which indicates a very decent valuation of SPH.
- SPH's Price/Forward Earnings ratio is rather cheap when compared to the industry. SPH is cheaper than 85.71% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 27.96. SPH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.98 | ||
| Fwd PE | 11.02 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SPH is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
- 92.86% of the companies in the same industry are more expensive than SPH, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.76 | ||
| EV/EBITDA | 9.12 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of SPH may justify a higher PE ratio.
PEG (NY)0.83
PEG (5Y)0.9
EPS Next 2Y5.87%
EPS Next 3Y5.19%
5. Dividend
5.1 Amount
- SPH has a Yearly Dividend Yield of 6.50%, which is a nice return.
- SPH's Dividend Yield is rather good when compared to the industry average which is at 3.62. SPH pays more dividend than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.84, SPH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.5% |
5.2 History
- The dividend of SPH decreases each year by -9.23%.
- SPH has paid a dividend for at least 10 years, which is a reliable track record.
- SPH has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-9.23%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
- SPH pays out 78.99% of its income as dividend. This is not a sustainable payout ratio.
DP78.99%
EPS Next 2Y5.87%
EPS Next 3Y5.19%
20.26
+0.25 (+1.25%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-05 2026-02-05/bmo
Earnings (Next)05-06 2026-05-06
Inst Owners42%
Inst Owner Change0.73%
Ins Owners2.36%
Ins Owner Change4.74%
Market Cap1.34B
Revenue(TTM)1.43B
Net Income(TTM)106.57M
Analysts48.89
Price Target17.34 (-14.41%)
Short Float %0.64%
Short Ratio2.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.5% |
Yearly Dividend1.3
Dividend Growth(5Y)-9.23%
DP78.99%
Div Incr Years0
Div Non Decr Years3
Ex-Date02-03 2026-02-03 (0.325)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.78%
Min EPS beat(2)-19.85%
Max EPS beat(2)6.29%
EPS beat(4)1
Avg EPS beat(4)-18.54%
Min EPS beat(4)-56%
Max EPS beat(4)6.29%
EPS beat(8)1
Avg EPS beat(8)-28.18%
EPS beat(12)4
Avg EPS beat(12)-14.56%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-12.38%
Min Revenue beat(2)-20.15%
Max Revenue beat(2)-4.6%
Revenue beat(4)1
Avg Revenue beat(4)-4.94%
Min Revenue beat(4)-20.15%
Max Revenue beat(4)6.18%
Revenue beat(8)1
Avg Revenue beat(8)-5.54%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.74%
EPS NY rev (1m)0%
EPS NY rev (3m)1.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.98 | ||
| Fwd PE | 11.02 | ||
| P/S | 0.94 | ||
| P/FCF | 11.76 | ||
| P/OCF | 7.22 | ||
| P/B | 2.25 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.12 |
EPS(TTM)2.03
EY10.02%
EPS(NY)1.84
Fwd EY9.07%
FCF(TTM)1.72
FCFY8.51%
OCF(TTM)2.81
OCFY13.86%
SpS21.6
BVpS9.02
TBVpS-9.71
PEG (NY)0.83
PEG (5Y)0.9
Graham Number20.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.64% | ||
| ROE | 17.8% | ||
| ROCE | 10.35% | ||
| ROIC | 8.18% | ||
| ROICexc | 8.18% | ||
| ROICexgc | 21.72% | ||
| OM | 14.4% | ||
| PM (TTM) | 7.44% | ||
| GM | 60.65% | ||
| FCFM | 7.98% |
ROA(3y)4.45%
ROA(5y)5.2%
ROE(3y)18%
ROE(5y)22.19%
ROIC(3y)7.79%
ROIC(5y)8.4%
ROICexc(3y)7.8%
ROICexc(5y)8.41%
ROICexgc(3y)20.82%
ROICexgc(5y)23.09%
ROCE(3y)9.87%
ROCE(5y)10.63%
ROICexgc growth 3Y-5.19%
ROICexgc growth 5Y3.69%
ROICexc growth 3Y-3.46%
ROICexc growth 5Y5.84%
OM growth 3Y1.58%
OM growth 5Y2.61%
PM growth 3Y-7.18%
PM growth 5Y6.27%
GM growth 3Y4.88%
GM growth 5Y-1.51%
F-Score7
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.02 | ||
| Debt/FCF | 10.6 | ||
| Debt/EBITDA | 4.35 | ||
| Cap/Depr | 99.89% | ||
| Cap/Sales | 5.02% | ||
| Interest Coverage | 2.79 | ||
| Cash Conversion | 66.91% | ||
| Profit Quality | 107.25% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.31 | ||
| Altman-Z | N/A |
F-Score7
WACC6.85%
ROIC/WACC1.19
Cap/Depr(3y)86.81%
Cap/Depr(5y)72.91%
Cap/Sales(3y)4.22%
Cap/Sales(5y)3.58%
Profit Quality(3y)129.77%
Profit Quality(5y)135.11%
High Growth Momentum
Growth
EPS 1Y (TTM)91.51%
EPS 3Y-9.33%
EPS 5Y11.07%
EPS Q2Q%130%
EPS Next Y12.09%
EPS Next 2Y5.87%
EPS Next 3Y5.19%
EPS Next 5YN/A
Revenue 1Y (TTM)7.94%
Revenue growth 3Y-1.56%
Revenue growth 5Y5.27%
Sales Q2Q%-0.79%
Revenue Next Year-0.75%
Revenue Next 2Y0.44%
Revenue Next 3Y0.63%
Revenue Next 5YN/A
EBIT growth 1Y20.47%
EBIT growth 3Y0%
EBIT growth 5Y8.02%
EBIT Next Year39.19%
EBIT Next 3Y12.1%
EBIT Next 5Y10.22%
FCF growth 1Y12.99%
FCF growth 3Y-13.42%
FCF growth 5Y-8.37%
OCF growth 1Y15.99%
OCF growth 3Y-5.47%
OCF growth 5Y-2.32%
SUBURBAN PROPANE PARTNERS LP / SPH FAQ
What is the fundamental rating for SPH stock?
ChartMill assigns a fundamental rating of 5 / 10 to SPH.
What is the valuation status of SUBURBAN PROPANE PARTNERS LP (SPH) stock?
ChartMill assigns a valuation rating of 8 / 10 to SUBURBAN PROPANE PARTNERS LP (SPH). This can be considered as Undervalued.
How profitable is SUBURBAN PROPANE PARTNERS LP (SPH) stock?
SUBURBAN PROPANE PARTNERS LP (SPH) has a profitability rating of 6 / 10.
What is the earnings growth outlook for SUBURBAN PROPANE PARTNERS LP?
The Earnings per Share (EPS) of SUBURBAN PROPANE PARTNERS LP (SPH) is expected to grow by 12.09% in the next year.
How sustainable is the dividend of SUBURBAN PROPANE PARTNERS LP (SPH) stock?
The dividend rating of SUBURBAN PROPANE PARTNERS LP (SPH) is 6 / 10 and the dividend payout ratio is 78.99%.