Global Partners LP (GLP) Financial Ratios
25 years of historical data (2001–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
9.14
+11% vs avg
5yr avg: 8.20
30Y Low4.6·High20.6
P/FCF
↑
7.48
-5% vs avg
5yr avg: 7.87
30Y Low1.7·High60.0
P/B Ratio
↑
2.16
+13% vs avg
5yr avg: 1.91
30Y Low0.8·High2.8
ROE
↓
11.4%
↑-65% vs avg
5yr avg: 32.4%
30Y Low-37%·High92%
Debt/EBITDA
↓
4.85
+4% vs avg
5yr avg: 4.67
30Y Low2.5·High13.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GLP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Global Partners LP trades at 20.2x earnings, 50% above its 5-year average of 13.4x, sitting at the 85th percentile of its historical range. Compared to the Energy sector median P/E of 15.5x, the stock trades at a premium of 31%. On a free-cash-flow basis, the stock trades at 7.5x P/FCF, roughly in line with the 5-year average of 7.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $1.4B | $1.6B | $1.4B | $1.2B | $805M | $570M | $692M | $554M | $562M | $652M |
| Enterprise Value | $3.1B | $3.0B | $3.6B | $3.0B | $2.6B | $2.4B | $2.1B | $2.3B | $1.8B | $1.8B | $2.1B |
| P/E Ratio → | 20.18 | 19.83 | 19.32 | 11.25 | 3.47 | 13.27 | 6.07 | 24.89 | 5.33 | 9.60 | — |
| P/S Ratio | 0.08 | 0.08 | 0.09 | 0.09 | 0.06 | 0.06 | 0.07 | 0.05 | 0.04 | 0.06 | 0.08 |
| P/B Ratio | 2.16 | 2.12 | 2.23 | 1.80 | 1.50 | — | 1.15 | 1.51 | — | 1.42 | 1.64 |
| P/FCF | 7.48 | 7.41 | — | 13.04 | 3.17 | — | 2.41 | 60.00 | 5.56 | 1.88 | — |
| P/OCF | 5.08 | 5.03 | 50.58 | 2.81 | 2.47 | 16.03 | 1.82 | 7.33 | 3.28 | 1.61 | — |
P/E links to full P/E history page with 30-year chart
GLP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Global Partners LP's enterprise value stands at 9.1x EBITDA, 11% above its 5-year average of 8.2x. The Energy sector median is 7.8x, placing the stock at a 17% 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 | — | 0.16 | 0.21 | 0.18 | 0.14 | 0.18 | 0.25 | 0.18 | 0.14 | 0.20 | 0.25 |
| EV / EBITDA | 9.14 | 9.10 | 9.25 | 8.36 | 4.62 | 9.68 | 7.02 | 9.47 | 6.03 | 7.90 | — |
| EV / EBIT | 15.96 | 12.86 | 14.48 | 12.01 | 5.67 | 16.64 | 11.09 | 18.58 | 9.30 | 14.87 | — |
| EV / FCF | — | 15.71 | — | 26.79 | 7.00 | — | 8.69 | 203.07 | 18.39 | 5.97 | — |
GLP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Global Partners LP earns an operating margin of 1.0%, below the Energy sector average of 13.8%. ROE of 11.4% is modest. ROIC of 5.7% represents adequate 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 | 2.6% | 2.6% | 6.2% | 5.9% | 5.8% | 5.4% | 8.7% | 5.1% | 5.1% | 6.5% | 6.6% |
| Operating Margin | 1.0% | 1.0% | 1.5% | 1.5% | 2.4% | 1.1% | 2.3% | 1.1% | 1.6% | 1.3% | -1.8% |
| Net Profit Margin | 0.4% | 0.4% | 0.6% | 0.9% | 1.9% | 0.5% | 1.2% | 0.3% | 0.8% | 0.7% | -2.4% |
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 | 11.4% | 11.4% | 14.2% | 19.2% | 92.3% | 24.7% | 21.4% | 15.7% | 53.2% | 14.8% | -36.5% |
| ROA | 2.1% | 2.1% | 2.9% | 4.6% | 12.1% | 2.2% | 3.7% | 1.3% | 4.4% | 2.4% | -7.6% |
| ROIC | 5.7% | 5.7% | 7.5% | 8.1% | 18.3% | 6.0% | 7.1% | 6.2% | 10.2% | 5.2% | -6.0% |
| ROCE | 6.9% | 6.9% | 9.4% | 10.3% | 22.0% | 6.9% | 9.0% | 7.0% | 11.3% | 7.0% | -7.9% |
GLP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Global Partners LP carries a Debt/EBITDA ratio of 4.8x, which is highly leveraged (86% above the sector average of 2.6x). Net debt stands at $1.6B ($1.6B total debt minus $12M cash). Interest coverage of just 1.7x 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 | 2.40 | 2.40 | 2.83 | 1.92 | 1.81 | — | 3.01 | 3.62 | — | 3.13 | 3.65 |
| Debt / EBITDA | 4.85 | 4.85 | 5.18 | 4.35 | 2.53 | 6.43 | 5.10 | 6.72 | 4.24 | 5.48 | — |
| Net Debt / Equity | — | 2.38 | 2.82 | 1.90 | 1.81 | — | 2.99 | 3.59 | — | 3.09 | 3.63 |
| Net Debt / EBITDA | 4.81 | 4.81 | 5.16 | 4.29 | 2.53 | 6.39 | 5.07 | 6.67 | 4.21 | 5.41 | — |
| Debt / FCF | — | 8.31 | — | 13.75 | 3.83 | — | 6.28 | 143.07 | 12.84 | 4.09 | — |
| Interest Coverage | 1.72 | 1.72 | 1.85 | 2.88 | 5.66 | 1.78 | 2.22 | 1.40 | 2.21 | 1.39 | -1.76 |
GLP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.14x means Global Partners LP can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.63x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.14 | 1.14 | 1.21 | 1.12 | 1.20 | 1.27 | 1.57 | 1.33 | 1.50 | 1.31 | 1.35 |
| Quick Ratio | 0.63 | 0.63 | 0.61 | 0.71 | 0.62 | 0.66 | 0.80 | 0.73 | 0.84 | 0.79 | 0.69 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.00 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 |
| Asset Turnover | — | 4.82 | 4.53 | 4.67 | 5.97 | 4.68 | 3.18 | 4.52 | 5.23 | 3.84 | 3.21 |
| Inventory Turnover | 32.91 | 32.91 | 27.11 | 39.06 | 31.37 | 24.59 | 19.77 | 27.57 | 31.11 | 23.77 | 14.74 |
| Days Sales Outstanding | — | 10.42 | 10.05 | 12.39 | 9.30 | 11.36 | 10.77 | 11.75 | 9.80 | 17.23 | 18.80 |
GLP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Global Partners LP returns 9.4% to shareholders annually — split between a 8.7% dividend yield and 0.7% buyback yield. The payout ratio exceeds 100% at 159.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 5.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 8.7% | 8.8% | 7.6% | 10.0% | 8.5% | 11.4% | 12.5% | 11.1% | 11.9% | 11.2% | 9.6% |
| Payout Ratio | 159.9% | 159.9% | 112.9% | 94.9% | 27.7% | 151.2% | 69.8% | 213.6% | 63.5% | 106.7% | — |
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 | 5.0% | 5.0% | 5.2% | 8.9% | 28.8% | 7.5% | 16.5% | 4.0% | 18.8% | 10.4% | — |
| FCF Yield | 13.4% | 13.5% | — | 7.7% | 31.5% | — | 41.4% | 1.7% | 18.0% | 53.2% | — |
| Buyback Yield | 0.7% | 0.7% | 5.3% | 0.3% | 0.4% | 0.5% | 0.1% | 0.1% | 0.2% | 0.1% | 0.0% |
| Total Shareholder Yield | 9.4% | 9.5% | 12.9% | 10.3% | 8.9% | 11.9% | 12.6% | 11.2% | 12.1% | 11.2% | 9.6% |
| Shares Outstanding | — | $34M | $34M | $34M | $34M | $34M | $34M | $34M | $34M | $34M | $34M |
Peer Comparison
Compare GLP 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 |
|---|---|---|---|---|---|---|---|---|---|
 GLPYou | $1B | 20.2 | 9.1 | 7.5 | 2.6% | 1.0% | 11.4% | 5.7% | 4.8 |
 CAPL | $840M | 20.2 | 5.9 | 15.1 | 9.2% | 5.6% | — | 18.1% | 3.1 |
 MMLP | $95M | -6.6 | 6.4 | 6.8 | 12.4% | 6.5% | — | 8.0% | 5.4 |
 NGL | $2B | -4.6 | 8.3 | 13.8 | 23.7% | 12.2% | -52.1% | 8.1% | 5.2 |
 SUN | $9B | 17.3 | 14.8 | 14.1 | 8.3% | 3.7% | 8.7% | 4.0% | 10.0 |
 DINO | $12B | 20.7 | 7.5 | 13.4 | 5.2% | 3.5% | 6.2% | 6.1% | 1.8 |
 DKL | $3B | 15.3 | 8.7 | — | 20.9% | 18.0% | 847.5% | 14.1% | 0.1 |
 MPC | $71B | 18.3 | 11.3 | 14.9 | 7.5% | 4.3% | 16.7% | 8.3% | 3.8 |
 VLO | $71B | 31.2 | 10.4 | 14.0 | 4.4% | 3.5% | 8.7% | 9.5% | 1.6 |
 PSX | $67B | 15.4 | 13.0 | 24.4 | 4.9% | 2.7% | 15.0% | 5.3% | 3.4 |
 EPD | $79B | 13.8 | 11.8 | 26.7 | 13.6% | 13.1% | 19.3% | 8.3% | 3.7 |
| Energy Median | — | 15.5 | 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 · 25 years · Updated daily
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GLP — Frequently Asked Questions
Quick answers to the most common questions about buying GLP stock.
What is Global Partners LP's P/E ratio?
Global Partners LP's current P/E ratio is 20.2x. The historical average is 13.8x. This places it at the 85th percentile of its historical range.
What is Global Partners LP's EV/EBITDA?
Global Partners LP's current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.3x.
What is Global Partners LP's ROE?
Global Partners LP's return on equity (ROE) is 11.4%. The historical average is 23.6%.
Is GLP stock overvalued?
Based on historical data, Global Partners LP is trading at a P/E of 20.2x. This is at the 85th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Global Partners LP's dividend yield?
Global Partners LP's current dividend yield is 8.69% with a payout ratio of 159.9%.
What are Global Partners LP's profit margins?
Global Partners LP has 2.6% gross margin and 1.0% operating margin.
How much debt does Global Partners LP have?
Global Partners LP's Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.