SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:SPH • US8644821048

20.165 USD
+0.11 (+0.57%)
Last: Feb 10, 2026, 10:45 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

SPH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Gas Utilities industry. SPH has a medium profitability rating, but doesn't score so well on its financial health evaluation. SPH may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • SPH had positive earnings in the past year.
  • In the past year SPH had a positive cash flow from operations.
  • SPH had positive earnings in each of the past 5 years.
  • In the past 5 years SPH always reported a positive cash flow from operatings.
SPH Yearly Net Income VS EBIT VS OCF VS FCFSPH 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 50M 100M 150M 200M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.64%, SPH belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
  • SPH has a better Return On Equity (17.80%) than 85.71% of its industry peers.
  • The Return On Invested Capital of SPH (8.18%) is better than 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 8.48%.
  • The last Return On Invested Capital (8.18%) for SPH is above the 3 year average (7.79%), which is a sign of increasing profitability.
Industry RankSector 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%
SPH Yearly ROA, ROE, ROICSPH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • With a Profit Margin value of 7.44%, SPH is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
  • In the last couple of years the Profit Margin of SPH has grown nicely.
  • Looking at the Operating Margin, with a value of 14.40%, SPH is doing worse than 78.57% of the companies in the same industry.
  • SPH's Operating Margin has improved in the last couple of years.
  • SPH has a Gross Margin of 60.65%. This is comparable to the rest of the industry: SPH outperforms 50.00% of its industry peers.
  • In the last couple of years the Gross Margin of SPH has declined.
Industry RankSector 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%
SPH Yearly Profit, Operating, Gross MarginsSPH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

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.
  • Compared to 1 year ago, SPH has more shares outstanding
  • The number of shares outstanding for SPH has been increased compared to 5 years ago.
  • The debt/assets ratio for SPH has been reduced compared to a year ago.
SPH Yearly Shares OutstandingSPH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
SPH Yearly Total Debt VS Total AssetsSPH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • The Debt to FCF ratio of SPH is 10.60, which is on the high side as it means it would take SPH, 10.60 years of fcf income to pay off all of its debts.
  • SPH has a better Debt to FCF ratio (10.60) than 92.86% of its industry peers.
  • A Debt/Equity ratio of 2.02 is on the high side and indicates that SPH has dependencies on debt financing.
  • SPH has a Debt to Equity ratio of 2.02. This is amonst the worse of the industry: SPH underperforms 85.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.02
Debt/FCF 10.6
Altman-Z N/A
ROIC/WACC1.18
WACC6.94%
SPH Yearly LT Debt VS Equity VS FCFSPH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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.
  • Looking at the Quick ratio, with a value of 0.31, SPH is doing worse than 78.57% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.55
Quick Ratio 0.31
SPH Yearly Current Assets VS Current LiabilitesSPH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 91.51% over the past year.
  • The Earnings Per Share has been growing by 11.07% on average over the past years. This is quite good.
  • Looking at the last year, SPH shows a small growth in Revenue. The Revenue has grown by 7.94% in the last year.
  • 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.
  • Based on estimates for the next years, SPH will show a small growth in Revenue. The Revenue will grow by 0.63% on average per year.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
SPH Yearly Revenue VS EstimatesSPH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
SPH Yearly EPS VS EstimatesSPH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 9.93, the valuation of SPH can be described as reasonable.
  • Based on the Price/Earnings ratio, SPH is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
  • SPH is valuated cheaply when we compare the Price/Earnings ratio to 28.06, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 10.97, the valuation of SPH can be described as very reasonable.
  • 85.71% of the companies in the same industry are more expensive than SPH, based on the Price/Forward Earnings ratio.
  • When comparing the Price/Forward Earnings ratio of SPH to the average of the S&P500 Index (27.86), we can say SPH is valued rather cheaply.
Industry RankSector Rank
PE 9.93
Fwd PE 10.97
SPH Price Earnings VS Forward Price EarningsSPH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, SPH is valued a bit cheaper than 71.43% of the companies in the same industry.
  • 92.86% of the companies in the same industry are more expensive than SPH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.67
EV/EBITDA 9.12
SPH Per share dataSPH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

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)0.82
PEG (5Y)0.9
EPS Next 2Y5.87%
EPS Next 3Y5.19%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 6.58%, SPH is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 3.66, SPH pays a better dividend. On top of this SPH pays more dividend than 100.00% of the companies listed in the same industry.
  • SPH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 6.58%

5.2 History

  • The dividend of SPH decreases each year by -9.23%.
  • SPH has been paying a dividend for at least 10 years, so it has 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
SPH Yearly Dividends per shareSPH Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 78.99% of the earnings are spent on dividend by SPH. This is not a sustainable payout ratio.
DP78.99%
EPS Next 2Y5.87%
EPS Next 3Y5.19%
SPH Yearly Income VS Free CF VS DividendSPH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
SPH Dividend Payout.SPH Dividend Payout, showing the Payout Ratio.SPH Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

SUBURBAN PROPANE PARTNERS LP

NYSE:SPH (2/10/2026, 10:45:30 AM)

20.165

+0.11 (+0.57%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners42%
Inst Owner Change0.73%
Ins Owners2.36%
Ins Owner Change4.74%
Market Cap1.33B
Revenue(TTM)1.43B
Net Income(TTM)106.57M
Analysts48.89
Price Target17.34 (-14.01%)
Short Float %0.64%
Short Ratio2.9
Dividend
Industry RankSector Rank
Dividend Yield 6.58%
Yearly Dividend1.3
Dividend Growth(5Y)-9.23%
DP78.99%
Div Incr Years0
Div Non Decr Years3
Ex-Date02-03
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 RankSector Rank
PE 9.93
Fwd PE 10.97
P/S 0.93
P/FCF 11.67
P/OCF 7.16
P/B 2.23
P/tB N/A
EV/EBITDA 9.12
EPS(TTM)2.03
EY10.07%
EPS(NY)1.84
Fwd EY9.12%
FCF(TTM)1.73
FCFY8.57%
OCF(TTM)2.82
OCFY13.96%
SpS21.65
BVpS9.05
TBVpS-9.73
PEG (NY)0.82
PEG (5Y)0.9
Graham Number20.33
Profitability
Industry RankSector 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 RankSector 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
WACC6.94%
ROIC/WACC1.18
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%.