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4 / 10Stock Comparison
FIP vs GEL vs MMLP vs CAPL
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Midstream
Oil & Gas Midstream
Oil & Gas Refining & Marketing
FIP vs GEL vs MMLP vs CAPL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Conglomerates | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Refining & Marketing |
| Market Cap | $606M | $2.02B | $100M | $812M |
| Revenue (TTM) | $595M | $1.68B | $711M | $4.62B |
| Net Income (TTM) | $-393M | $48M | $-20M | $60M |
| Gross Margin | 9.1% | 16.8% | 22.3% | 8.5% |
| Operating Margin | 7.2% | 18.6% | 5.8% | 2.6% |
| Forward P/E | — | 20.9x | — | 49.5x |
| Total Debt | $3.93B | $3.05B | $525M | $908M |
| Cash & Equiv. | $326M | $6M | $49K | $3M |
FIP vs GEL vs MMLP vs CAPL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 22 | May 26 | Return |
|---|---|---|---|
| FTAI Infrastructure… (FIP) | 100 | 139.0 | +39.0% |
| Genesis Energy, L.P. (GEL) | 100 | 164.9 | +64.9% |
| Martin Midstream Pa… (MMLP) | 100 | 57.6 | -42.4% |
| CrossAmerica Partne… (CAPL) | 100 | 95.9 | -4.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FIP vs GEL vs MMLP vs CAPL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FIP is the clearest fit if your priority is growth exposure.
- Rev growth 51.6%, EPS growth 16.9%, 3Y rev CAGR 24.3%
- 51.6% revenue growth vs GEL's -45.0%
GEL carries the broadest edge in this set and is the clearest fit for sleep-well-at-night.
- Lower volatility, beta 0.32, current ratio 0.98x
- Lower P/E (20.9x vs 49.5x)
- 2.9% margin vs FIP's -66.1%
- +19.5% vs MMLP's -14.5%
MMLP lags the leaders in this set but could rank higher in a more targeted comparison.
CAPL is the #2 pick in this set and the best alternative if income & stability and long-term compounding is your priority.
- Dividend streak 2 yrs, beta 0.06, yield 9.9%
- 87.5% 10Y total return vs FIP's 84.0%
- Beta 0.06, yield 9.9%, current ratio 0.72x
- Beta 0.06 vs FIP's 2.04
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 51.6% revenue growth vs GEL's -45.0% | |
| Value | Lower P/E (20.9x vs 49.5x) | |
| Quality / Margins | 2.9% margin vs FIP's -66.1% | |
| Stability / Safety | Beta 0.06 vs FIP's 2.04 | |
| Dividends | 9.9% yield, 2-year raise streak, vs GEL's 4.0% | |
| Momentum (1Y) | +19.5% vs MMLP's -14.5% | |
| Efficiency (ROA) | 6.0% ROA vs FIP's -7.4%, ROIC 18.1% vs 0.9% |
FIP vs GEL vs MMLP vs CAPL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FIP vs GEL vs MMLP vs CAPL — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
GEL leads in 2 of 6 categories
CAPL leads 2 • FIP leads 0 • MMLP leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
GEL leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CAPL is the larger business by revenue, generating $4.6B annually — 7.8x FIP's $595M. GEL is the more profitable business, keeping 2.9% of every revenue dollar as net income compared to FIP's -66.1%. On growth, FIP holds the edge at +95.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $595M | $1.7B | $711M | $4.6B |
| EBITDAEarnings before interest/tax | -$32M | $550M | $91M | $200M |
| Net IncomeAfter-tax profit | -$393M | $48M | -$20M | $60M |
| Free Cash FlowCash after capex | -$101M | $209M | $15M | $75M |
| Gross MarginGross profit ÷ Revenue | +9.1% | +16.8% | +22.3% | +8.5% |
| Operating MarginEBIT ÷ Revenue | +7.2% | +18.6% | +5.8% | +2.6% |
| Net MarginNet income ÷ Revenue | -66.1% | +2.9% | -2.8% | +1.3% |
| FCF MarginFCF ÷ Revenue | -17.0% | +12.5% | +2.2% | +1.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +95.9% | +12.1% | -2.5% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -2.5% | +103.9% | -5.6% | +2.4% |
Valuation Metrics
Evenly matched — GEL and MMLP each lead in 2 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, CAPL's 5.8x EV/EBITDA is more attractive than FIP's 24.5x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $606M | $2.0B | $100M | $812M |
| Enterprise ValueMkt cap + debt − cash | $4.2B | $5.1B | $625M | $1.7B |
| Trailing P/EPrice ÷ TTM EPS | -2.27x | -22.56x | -6.95x | 19.54x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 20.85x | — | 49.53x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 24.45x | 10.31x | 6.44x | 5.80x |
| Price / SalesMarket cap ÷ Revenue | 1.21x | 1.24x | 0.14x | 0.22x |
| Price / BookPrice ÷ Book value/share | 0.63x | 2.85x | — | — |
| Price / FCFMarket cap ÷ FCF | — | 22.83x | 7.17x | 14.57x |
Profitability & Efficiency
CAPL leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
GEL delivers a 6.1% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-43 for FIP. FIP carries lower financial leverage with a 4.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to GEL's 4.30x. On the Piotroski fundamental quality scale (0–9), CAPL scores 5/9 vs FIP's 2/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -42.7% | +6.1% | — | — |
| ROA (TTM)Return on assets | -7.4% | +1.0% | -3.9% | +6.0% |
| ROICReturn on invested capital | +0.9% | +4.0% | +8.0% | +18.1% |
| ROCEReturn on capital employed | +1.3% | +5.0% | +11.4% | +23.4% |
| Piotroski ScoreFundamental quality 0–9 | 2 | 4 | 3 | 5 |
| Debt / EquityFinancial leverage | 4.16x | 4.30x | — | — |
| Net DebtTotal debt minus cash | $3.6B | $3.0B | $525M | $905M |
| Cash & Equiv.Liquid assets | $326M | $6M | $49,000 | $3M |
| Total DebtShort + long-term debt | $3.9B | $3.0B | $525M | $908M |
| Interest CoverageEBIT ÷ Interest expense | -0.08x | 1.97x | 0.72x | 1.86x |
Total Returns (Dividends Reinvested)
GEL leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in GEL five years ago would be worth $20,901 today (with dividends reinvested), compared to $11,438 for MMLP. Over the past 12 months, GEL leads with a +19.5% total return vs MMLP's -14.5%. The 3-year compound annual growth rate (CAGR) favors GEL at 23.2% vs MMLP's 1.6% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +5.7% | +6.0% | -4.6% | +8.4% |
| 1-Year ReturnPast 12 months | +15.4% | +19.5% | -14.5% | +2.7% |
| 3-Year ReturnCumulative with dividends | +74.4% | +86.9% | +5.0% | +34.7% |
| 5-Year ReturnCumulative with dividends | +84.0% | +109.0% | +14.4% | +56.1% |
| 10-Year ReturnCumulative with dividends | +84.0% | -8.4% | -57.7% | +87.5% |
| CAGR (3Y)Annualised 3-year return | +20.4% | +23.2% | +1.6% | +10.4% |
Risk & Volatility
CAPL leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CAPL is the less volatile stock with a 0.06 beta — it tends to amplify market swings less than FIP's 2.04 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CAPL currently trades 90.2% from its 52-week high vs FIP's 64.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.04x | 0.32x | 0.39x | 0.06x |
| 52-Week HighHighest price in past year | $7.94 | $18.64 | $3.54 | $23.62 |
| 52-Week LowLowest price in past year | $3.90 | $13.21 | $2.21 | $19.61 |
| % of 52W HighCurrent price vs 52-week peak | +64.6% | +88.4% | +72.6% | +90.2% |
| RSI (14)Momentum oscillator 0–100 | 50.1 | 35.4 | 38.5 | 41.3 |
| Avg Volume (50D)Average daily shares traded | 986K | 246K | 19K | 50K |
Analyst Outlook
Evenly matched — GEL and CAPL each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: FIP as "Buy", GEL as "Buy", MMLP as "Buy", CAPL as "Hold". Consensus price targets imply 127.5% upside for FIP (target: $12) vs 21.4% for GEL (target: $20). For income investors, CAPL offers the higher dividend yield at 9.86% vs MMLP's 0.80%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $11.67 | $20.00 | — | — |
| # AnalystsCovering analysts | 4 | 16 | 11 | 15 |
| Dividend YieldAnnual dividend ÷ price | +2.3% | +4.0% | +0.8% | +9.9% |
| Dividend StreakConsecutive years of raises | 0 | 3 | 2 | 2 |
| Dividend / ShareAnnual DPS | $0.12 | $0.66 | $0.02 | $2.10 |
| Buyback YieldShare repurchases ÷ mkt cap | +73.8% | +13.0% | 0.0% | 0.0% |
GEL leads in 2 of 6 categories (Income & Cash Flow, Total Returns). CAPL leads in 2 (Profitability & Efficiency, Risk & Volatility). 2 tied.
FIP vs GEL vs MMLP vs CAPL: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is FIP or GEL or MMLP or CAPL a better buy right now?
For growth investors, FTAI Infrastructure Inc.
(FIP) is the stronger pick with 51. 6% revenue growth year-over-year, versus -45. 0% for Genesis Energy, L. P. (GEL). CrossAmerica Partners LP (CAPL) offers the better valuation at 19. 5x trailing P/E (49. 5x forward), making it the more compelling value choice. Analysts rate FTAI Infrastructure Inc. (FIP) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FIP or GEL or MMLP or CAPL?
On forward P/E, Genesis Energy, L.
P. is actually cheaper at 20. 9x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — FIP or GEL or MMLP or CAPL?
Over the past 5 years, Genesis Energy, L.
P. (GEL) delivered a total return of +109. 0%, compared to +14. 4% for Martin Midstream Partners L. P. (MMLP). Over 10 years, the gap is even starker: CAPL returned +87. 5% versus MMLP's -57. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FIP or GEL or MMLP or CAPL?
By beta (market sensitivity over 5 years), CrossAmerica Partners LP (CAPL) is the lower-risk stock at 0.
06β versus FTAI Infrastructure Inc. 's 2. 04β — meaning FIP is approximately 3577% more volatile than CAPL relative to the S&P 500. On balance sheet safety, FTAI Infrastructure Inc. (FIP) carries a lower debt/equity ratio of 4% versus 4% for Genesis Energy, L. P. — giving it more financial flexibility in a downturn.
05Which is growing faster — FIP or GEL or MMLP or CAPL?
By revenue growth (latest reported year), FTAI Infrastructure Inc.
(FIP) is pulling ahead at 51. 6% versus -45. 0% for Genesis Energy, L. P. (GEL). On earnings-per-share growth, the picture is similar: CrossAmerica Partners LP grew EPS 109. 6% year-over-year, compared to -184. 6% for Martin Midstream Partners L. P.. Over a 3-year CAGR, FIP leads at 24. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FIP or GEL or MMLP or CAPL?
CrossAmerica Partners LP (CAPL) is the more profitable company, earning 1.
1% net margin versus -21. 3% for FTAI Infrastructure Inc. — meaning it keeps 1. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: GEL leads at 15. 8% versus 5. 6% for CAPL. At the gross margin level — before operating expenses — GEL leads at 21. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FIP or GEL or MMLP or CAPL more undervalued right now?
On forward earnings alone, Genesis Energy, L.
P. (GEL) trades at 20. 9x forward P/E versus 49. 5x for CrossAmerica Partners LP — 28. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FIP: 127. 5% to $11. 67.
08Which pays a better dividend — FIP or GEL or MMLP or CAPL?
All stocks in this comparison pay dividends.
CrossAmerica Partners LP (CAPL) offers the highest yield at 9. 9%, versus 0. 8% for Martin Midstream Partners L. P. (MMLP).
09Is FIP or GEL or MMLP or CAPL better for a retirement portfolio?
For long-horizon retirement investors, CrossAmerica Partners LP (CAPL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
06), 9. 9% yield). FTAI Infrastructure Inc. (FIP) carries a higher beta of 2. 04 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CAPL: +87. 5%, FIP: +84. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FIP and GEL and MMLP and CAPL?
These companies operate in different sectors (FIP (Industrials) and GEL (Energy) and MMLP (Energy) and CAPL (Energy)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: FIP is a small-cap high-growth stock; GEL is a small-cap income-oriented stock; MMLP is a small-cap quality compounder stock; CAPL is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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