GLOBAL PARTNERS LP (GLP) Fundamental Analysis & Valuation

NYSE:GLP • US37946R1095

47.61 USD
-0.89 (-1.84%)
At close: Mar 6, 2026
47.61 USD
0 (0%)
After Hours: 3/6/2026, 8:22:47 PM

This GLP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to GLP. GLP was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of GLP have multiple concerns. GLP is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. GLP Profitability Analysis

1.1 Basic Checks

  • GLP had positive earnings in the past year.
  • In the past year GLP had a positive cash flow from operations.
  • In the past 5 years GLP has always been profitable.
  • GLP had a positive operating cash flow in each of the past 5 years.
GLP Yearly Net Income VS EBIT VS OCF VS FCFGLP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M

1.2 Ratios

  • GLP has a Return On Assets of 1.87%. This is comparable to the rest of the industry: GLP outperforms 41.55% of its industry peers.
  • GLP has a better Return On Equity (10.67%) than 63.28% of its industry peers.
  • GLP has a better Return On Invested Capital (6.59%) than 60.87% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for GLP is significantly below the industry average of 22.17%.
Industry RankSector Rank
ROA 1.87%
ROE 10.67%
ROIC 6.59%
ROA(3y)2.59%
ROA(5y)4.03%
ROE(3y)12.74%
ROE(5y)18%
ROIC(3y)7.06%
ROIC(5y)8.11%
GLP Yearly ROA, ROE, ROICGLP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40

1.3 Margins

  • GLP has a Profit Margin of 0.39%. This is in the lower half of the industry: GLP underperforms 65.22% of its industry peers.
  • In the last couple of years the Profit Margin of GLP has declined.
  • GLP has a Operating Margin of 1.25%. This is in the lower half of the industry: GLP underperforms 71.50% of its industry peers.
  • In the last couple of years the Operating Margin of GLP has declined.
  • The Gross Margin of GLP (5.72%) is worse than 74.88% of its industry peers.
  • In the last couple of years the Gross Margin of GLP has declined.
Industry RankSector Rank
OM 1.25%
PM (TTM) 0.39%
GM 5.72%
OM growth 3Y-14.74%
OM growth 5Y-11.75%
PM growth 3Y-40.09%
PM growth 5Y-19.22%
GM growth 3Y-0.54%
GM growth 5Y-7.96%
GLP Yearly Profit, Operating, Gross MarginsGLP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 -2 4 6 8

2

2. GLP Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), GLP is destroying value.
  • Compared to 1 year ago, GLP has more shares outstanding
  • GLP has less shares outstanding than it did 5 years ago.
  • GLP has a better debt/assets ratio than last year.
GLP Yearly Shares OutstandingGLP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
GLP Yearly Total Debt VS Total AssetsGLP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • GLP has a debt to FCF ratio of 8.75. This is a slightly negative value and a sign of low solvency as GLP would need 8.75 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 8.75, GLP is in line with its industry, outperforming 57.00% of the companies in the same industry.
  • A Debt/Equity ratio of 2.32 is on the high side and indicates that GLP has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 2.32, GLP is doing worse than 83.09% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.32
Debt/FCF 8.75
Altman-Z N/A
ROIC/WACC0.85
WACC7.76%
GLP Yearly LT Debt VS Equity VS FCFGLP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 1.14 indicates that GLP should not have too much problems paying its short term obligations.
  • GLP's Current ratio of 1.14 is in line compared to the rest of the industry. GLP outperforms 50.72% of its industry peers.
  • GLP has a Quick Ratio of 1.14. This is a bad value and indicates that GLP is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.63, GLP is not doing good in the industry: 69.57% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.63
GLP Yearly Current Assets VS Current LiabilitesGLP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

6

3. GLP Growth Analysis

3.1 Past

  • GLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.65%.
  • GLP shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -4.64% yearly.
  • The Revenue has grown by 8.14% in the past year. This is quite good.
  • GLP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.40% yearly.
EPS 1Y (TTM)-11.65%
EPS 3Y-39.69%
EPS 5Y-4.64%
EPS Q2Q%3.85%
Revenue 1Y (TTM)8.14%
Revenue growth 3Y-0.56%
Revenue growth 5Y17.4%
Sales Q2Q%11.03%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.57% on average over the next years. This is quite good.
  • Based on estimates for the next years, GLP will show a very strong growth in Revenue. The Revenue will grow by 25.72% on average per year.
EPS Next Y32.22%
EPS Next 2Y16.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year42.12%
Revenue Next 2Y25.72%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
GLP Yearly Revenue VS EstimatesGLP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10B 20B 30B
GLP Yearly EPS VS EstimatesGLP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 5 -5 10

5

4. GLP Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 21.64, GLP is valued on the expensive side.
  • Compared to the rest of the industry, the Price/Earnings ratio of GLP is on the same level as its industry peers.
  • GLP's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.29.
  • A Price/Forward Earnings ratio of 16.37 indicates a correct valuation of GLP.
  • 61.35% of the companies in the same industry are more expensive than GLP, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of GLP to the average of the S&P500 Index (24.57), we can say GLP is valued slightly cheaper.
Industry RankSector Rank
PE 21.64
Fwd PE 16.37
GLP Price Earnings VS Forward Price EarningsGLP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • GLP's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Based on the Price/Free Cash Flow ratio, GLP is valued cheaper than 90.34% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.37
EV/EBITDA 8.89
GLP Per share dataGLP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400 500

4.3 Compensation for Growth

  • GLP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • GLP's earnings are expected to grow with 16.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.67
PEG (5Y)N/A
EPS Next 2Y16.57%
EPS Next 3YN/A

6

5. GLP Dividend Analysis

5.1 Amount

  • GLP has a Yearly Dividend Yield of 6.27%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.40, GLP pays a bit more dividend than its industry peers.
  • GLP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 6.27%

5.2 History

  • The dividend of GLP is nicely growing with an annual growth rate of 9.73%!
  • GLP has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.73%
Div Incr Years0
Div Non Decr Years0
GLP Yearly Dividends per shareGLP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • GLP pays out 175.66% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of GLP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP175.66%
EPS Next 2Y16.57%
EPS Next 3YN/A
GLP Yearly Income VS Free CF VS DividendGLP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M
GLP Dividend Payout.GLP Dividend Payout, showing the Payout Ratio.GLP Dividend Payout.PayoutRetained Earnings

GLP Fundamentals: All Metrics, Ratios and Statistics

GLOBAL PARTNERS LP

NYSE:GLP (3/6/2026, 8:22:47 PM)

After market: 47.61 0 (0%)

47.61

-0.89 (-1.84%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-27
Earnings (Next)05-06
Inst Owners48.52%
Inst Owner Change1.95%
Ins Owners5.19%
Ins Owner Change0.99%
Market Cap1.62B
Revenue(TTM)18.56B
Net Income(TTM)72.09M
Analysts46.67
Price Target45.9 (-3.59%)
Short Float %1.4%
Short Ratio7.91
Dividend
Industry RankSector Rank
Dividend Yield 6.27%
Yearly Dividend3.6
Dividend Growth(5Y)9.73%
DP175.66%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-09
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-25.47%
Min EPS beat(2)-40.05%
Max EPS beat(2)-10.89%
EPS beat(4)2
Avg EPS beat(4)310.7%
Min EPS beat(4)-40.05%
Max EPS beat(4)1288.12%
EPS beat(8)3
Avg EPS beat(8)105.25%
EPS beat(12)5
Avg EPS beat(12)71.78%
EPS beat(16)9
Avg EPS beat(16)128.99%
Revenue beat(2)0
Avg Revenue beat(2)-34.61%
Min Revenue beat(2)-35.54%
Max Revenue beat(2)-33.67%
Revenue beat(4)0
Avg Revenue beat(4)-28.01%
Min Revenue beat(4)-35.54%
Max Revenue beat(4)-19.38%
Revenue beat(8)0
Avg Revenue beat(8)-26.04%
Revenue beat(12)0
Avg Revenue beat(12)-19.03%
Revenue beat(16)3
Avg Revenue beat(16)-11.04%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-26.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-11.07%
Valuation
Industry RankSector Rank
PE 21.64
Fwd PE 16.37
P/S 0.09
P/FCF 8.37
P/OCF 5.68
P/B 2.4
P/tB 6.74
EV/EBITDA 8.89
EPS(TTM)2.2
EY4.62%
EPS(NY)2.91
Fwd EY6.11%
FCF(TTM)5.69
FCFY11.94%
OCF(TTM)8.38
OCFY17.59%
SpS545.92
BVpS19.87
TBVpS7.07
PEG (NY)0.67
PEG (5Y)N/A
Graham Number31.36
Profitability
Industry RankSector Rank
ROA 1.87%
ROE 10.67%
ROCE 8.35%
ROIC 6.59%
ROICexc 6.62%
ROICexgc 7.86%
OM 1.25%
PM (TTM) 0.39%
GM 5.72%
FCFM 1.04%
ROA(3y)2.59%
ROA(5y)4.03%
ROE(3y)12.74%
ROE(5y)18%
ROIC(3y)7.06%
ROIC(5y)8.11%
ROICexc(3y)7.1%
ROICexc(5y)8.14%
ROICexgc(3y)8.53%
ROICexgc(5y)9.97%
ROCE(3y)8.94%
ROCE(5y)10.26%
ROICexgc growth 3Y-23.19%
ROICexgc growth 5Y-3%
ROICexc growth 3Y-21.59%
ROICexc growth 5Y-2.55%
OM growth 3Y-14.74%
OM growth 5Y-11.75%
PM growth 3Y-40.09%
PM growth 5Y-19.22%
GM growth 3Y-0.54%
GM growth 5Y-7.96%
F-Score6
Asset Turnover4.82
Health
Industry RankSector Rank
Debt/Equity 2.32
Debt/FCF 8.75
Debt/EBITDA 4.18
Cap/Depr 64.15%
Cap/Sales 0.49%
Interest Coverage 1.8
Cash Conversion 76.12%
Profit Quality 268.17%
Current Ratio 1.14
Quick Ratio 0.63
Altman-Z N/A
F-Score6
WACC7.76%
ROIC/WACC0.85
Cap/Depr(3y)72.94%
Cap/Depr(5y)84.05%
Cap/Sales(3y)0.54%
Cap/Sales(5y)0.59%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.65%
EPS 3Y-39.69%
EPS 5Y-4.64%
EPS Q2Q%3.85%
EPS Next Y32.22%
EPS Next 2Y16.57%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.14%
Revenue growth 3Y-0.56%
Revenue growth 5Y17.4%
Sales Q2Q%11.03%
Revenue Next Year42.12%
Revenue Next 2Y25.72%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-4.4%
EBIT growth 3Y-15.22%
EBIT growth 5Y3.6%
EBIT Next Year68.42%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y369.65%
FCF growth 3Y-19.69%
FCF growth 5Y-3.93%
OCF growth 1Y801.28%
OCF growth 3Y-15.97%
OCF growth 5Y-1.84%

GLOBAL PARTNERS LP / GLP FAQ

Can you provide the ChartMill fundamental rating for GLOBAL PARTNERS LP?

ChartMill assigns a fundamental rating of 4 / 10 to GLP.


What is the valuation status of GLOBAL PARTNERS LP (GLP) stock?

ChartMill assigns a valuation rating of 5 / 10 to GLOBAL PARTNERS LP (GLP). This can be considered as Fairly Valued.


Can you provide the profitability details for GLOBAL PARTNERS LP?

GLOBAL PARTNERS LP (GLP) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for GLP stock?

The Price/Earnings (PE) ratio for GLOBAL PARTNERS LP (GLP) is 21.64 and the Price/Book (PB) ratio is 2.4.


Can you provide the dividend sustainability for GLP stock?

The dividend rating of GLOBAL PARTNERS LP (GLP) is 6 / 10 and the dividend payout ratio is 175.66%.