Genesis Energy, L.P. (GEL) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
9.81
+0% vs avg
5yr avg: 9.77
30Y Low3.4·High86.8
P/FCF
↓
20.05
↓-30% vs avg
5yr avg: 28.77
30Y Low2.2·High85.0
P/B Ratio
↑
2.50
↑+119% vs avg
5yr avg: 1.14
30Y Low0.4·High3.1
ROE
↑
-0.7%
↑-33% vs avg
5yr avg: -0.6%
30Y Low-75%·High221%
Debt/EBITDA
↓
6.21
↓-11% vs avg
5yr avg: 7.00
30Y Low0.4·High23.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GEL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Genesis Energy, L.P. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 20.1x P/FCF, 30% below the 5-year average of 28.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.8B | $1.9B | $1.2B | $1.4B | $1.3B | $1.3B | $761M | $2.5B | $2.3B | $2.7B | $4.1B |
| Enterprise Value | $4.8B | $5.0B | $5.6B | $5.4B | $4.8B | $4.4B | $4.3B | $6.1B | $5.7B | $6.4B | $7.2B |
| P/E Ratio → | -19.82 | — | — | 52.64 | 9.72 | — | — | 113.78 | — | 44.70 | 36.02 |
| P/S Ratio | 1.09 | 1.17 | 0.42 | 0.45 | 0.45 | 0.62 | 0.42 | 1.01 | 0.78 | 1.34 | 2.39 |
| P/B Ratio | 2.50 | 2.70 | 0.82 | 0.83 | 0.70 | 0.66 | 0.43 | 1.07 | 0.93 | 541.36 | 231.49 |
| P/FCF | 20.05 | 21.63 | — | — | — | 35.91 | 4.99 | 11.46 | 11.63 | 30.78 | — |
| P/OCF | 6.44 | 6.94 | 3.16 | 2.72 | 3.74 | 3.88 | 2.57 | 6.57 | 5.80 | 8.02 | 13.70 |
P/E links to full P/E history page with 30-year chart
GEL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Genesis Energy, L.P.'s enterprise value stands at 9.8x EBITDA, roughly in line with its 5-year average of 9.8x. The Energy sector median is 7.8x, placing the stock at a 25% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.04 | 1.88 | 1.70 | 1.73 | 2.07 | 2.35 | 2.44 | 1.95 | 3.16 | 4.19 |
| EV / EBITDA | 9.81 | 10.10 | 10.60 | 8.84 | 7.89 | 11.44 | 86.76 | 10.22 | 11.51 | 13.23 | 16.32 |
| EV / EBIT | 18.64 | 19.18 | 22.85 | 14.13 | 17.53 | 45.29 | 75.81 | 18.92 | 25.98 | 25.13 | 34.73 |
| EV / FCF | — | 56.05 | — | — | — | 120.61 | 28.06 | 27.65 | 29.21 | 72.57 | — |
GEL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Genesis Energy, L.P. earns an operating margin of 15.8%, above the Energy sector average of 13.8%. Operating margins have expanded from 10.4% to 15.8% over the past 3 years, signaling improving operational efficiency. A negative ROE of -0.7% indicates the company is currently destroying shareholder equity. ROIC of 4.0% represents below-average returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.1% | 21.1% | 10.6% | 12.4% | 22.9% | 6.4% | 22.4% | 13.1% | 11.0% | 12.2% | 14.7% |
| Operating Margin | 15.8% | 15.8% | 7.2% | 10.4% | 11.3% | 3.6% | -13.5% | 11.0% | 5.8% | 10.9% | 12.1% |
| Net Profit Margin | -0.5% | -0.5% | -2.2% | 3.7% | 2.7% | -7.8% | -22.8% | 3.9% | -0.2% | 4.1% | 6.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -0.7% | -0.7% | -4.0% | 6.8% | 4.0% | -8.9% | -20.3% | 4.0% | -0.5% | 729.2% | 6.8% |
| ROA | -0.1% | -0.1% | -0.9% | 1.8% | 1.2% | -2.8% | -6.6% | 1.5% | -0.1% | 1.3% | 2.0% |
| ROIC | 4.0% | 4.0% | 2.8% | 4.5% | 4.5% | 1.1% | -3.3% | 3.5% | 2.7% | 4.9% | 3.3% |
| ROCE | 5.0% | 5.0% | 3.5% | 5.6% | 5.7% | 1.4% | -4.2% | 4.4% | 2.7% | 3.6% | 3.9% |
GEL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Genesis Energy, L.P. carries a Debt/EBITDA ratio of 6.2x, which is highly leveraged (139% above the sector average of 2.6x). Net debt stands at $3.0B ($3.0B total debt minus $6M cash). Interest coverage of just 1.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.30 | 4.30 | 2.87 | 2.34 | 2.03 | 1.58 | 2.03 | 1.54 | 1.41 | 736.97 | 175.15 |
| Debt / EBITDA | 6.21 | 6.21 | 8.27 | 6.56 | 5.88 | 8.10 | 71.89 | 6.08 | 6.95 | 7.64 | 7.04 |
| Net Debt / Equity | — | 4.29 | 2.86 | 2.32 | 2.01 | 1.56 | 2.01 | 1.51 | 1.41 | 735.17 | 174.75 |
| Net Debt / EBITDA | 6.20 | 6.20 | 8.25 | 6.51 | 5.84 | 8.03 | 71.34 | 5.98 | 6.93 | 7.62 | 7.02 |
| Debt / FCF | — | 34.42 | — | — | — | 84.70 | 23.08 | 16.19 | 17.58 | 41.80 | — |
| Interest Coverage | 0.98 | 0.98 | 0.85 | 1.56 | 1.22 | 0.42 | 0.27 | 1.46 | 0.96 | 1.44 | 1.48 |
GEL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.98x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.98 | 0.98 | 1.06 | 1.00 | 1.20 | 1.09 | 1.51 | 1.43 | 1.33 | 1.39 | 1.38 |
| Quick Ratio | 0.90 | 0.90 | 0.93 | 0.86 | 1.09 | 0.93 | 1.25 | 1.27 | 1.11 | 1.20 | 1.00 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.03 | 0.04 | 0.05 | 0.07 | 0.16 | 0.03 | 0.02 | 0.03 |
| Asset Turnover | — | 0.34 | 0.42 | 0.45 | 0.44 | 0.36 | 0.31 | 0.38 | 0.45 | 0.28 | 0.30 |
| Inventory Turnover | 23.23 | 23.23 | 23.94 | 20.57 | 27.53 | 25.51 | 14.17 | 33.09 | 35.25 | 20.10 | 14.81 |
| Days Sales Outstanding | — | 136.16 | 91.77 | 87.26 | 94.43 | 71.08 | 78.51 | 61.35 | 40.53 | 89.15 | 47.89 |
GEL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Genesis Energy, L.P. returns 19.4% to shareholders annually — split between a 4.6% dividend yield and 14.8% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.6% | 4.2% | 6.1% | 5.2% | 5.9% | 5.6% | 16.1% | 10.7% | 11.4% | 11.8% | 7.6% |
| Payout Ratio | — | — | — | 62.5% | 97.5% | — | — | 280.9% | — | 389.5% | 273.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 1.9% | 10.3% | — | — | 0.9% | — | 2.2% | 2.8% |
| FCF Yield | 5.0% | 4.6% | — | — | — | 2.8% | 20.0% | 8.7% | 8.6% | 3.2% | — |
| Buyback Yield | 14.8% | 13.7% | 0.0% | 5.4% | 23.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 19.4% | 18.0% | 6.1% | 10.5% | 28.9% | 5.6% | 16.1% | 10.7% | 11.4% | 11.8% | 7.6% |
| Shares Outstanding | — | $122M | $122M | $123M | $123M | $123M | $123M | $123M | $123M | $122M | $113M |
Peer Comparison
Compare GEL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 GELYou | $2B | -19.8 | 9.8 | 20.1 | 21.1% | 15.8% | -0.7% | 4.0% | 6.2 |
 MMLP | $95M | -6.6 | 6.4 | 6.8 | 12.4% | 6.5% | — | 8.0% | 5.4 |
 CAPL | $840M | 20.2 | 5.9 | 15.1 | 9.2% | 5.6% | — | 18.1% | 3.1 |
 NGL | $2B | -4.6 | 8.3 | 13.8 | 23.7% | 12.2% | -52.1% | 8.1% | 5.2 |
 EPD | $79B | 13.8 | 11.8 | 26.7 | 13.6% | 13.1% | 19.3% | 8.3% | 3.7 |
 PAA | $15B | 12.9 | 9.1 | 6.6 | 6.0% | 3.2% | 11.0% | 5.3% | 4.7 |
 TRGP | $56B | 30.3 | 14.7 | 95.0 | 26.5% | 20.1% | 48.4% | 13.2% | 3.5 |
 WES | $17B | 14.3 | 10.9 | 11.5 | 68.5% | 41.3% | 31.0% | 10.5% | 3.9 |
 DKL | $3B | 15.3 | 8.7 | — | 20.9% | 18.0% | 847.5% | 14.1% | 0.1 |
 OXY | $52B | 32.2 | 6.5 | 12.6 | 33.8% | 17.2% | 6.7% | 4.7% | 2.1 |
 CVX | $346B | 26.2 | 10.4 | 20.9 | 30.4% | 9.0% | 7.1% | 6.2% | 1.3 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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GEL — Frequently Asked Questions
Quick answers to the most common questions about buying GEL stock.
What is Genesis Energy, L.P.'s P/E ratio?
Genesis Energy, L.P.'s current P/E ratio is -19.8x. The historical average is 45.0x.
What is Genesis Energy, L.P.'s EV/EBITDA?
Genesis Energy, L.P.'s current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.6x.
What is Genesis Energy, L.P.'s ROE?
Genesis Energy, L.P.'s return on equity (ROE) is -0.7%. The historical average is 9.5%.
Is GEL stock overvalued?
Based on historical data, Genesis Energy, L.P. is trading at a P/E of -19.8x. Compare with industry peers and growth rates for a complete picture.
What is Genesis Energy, L.P.'s dividend yield?
Genesis Energy, L.P.'s current dividend yield is 4.56%.
What are Genesis Energy, L.P.'s profit margins?
Genesis Energy, L.P. has 21.1% gross margin and 15.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Genesis Energy, L.P. have?
Genesis Energy, L.P.'s Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.