Last 47 quarters of trend data · Energy · Oil & Gas Midstream
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Global Partners LP's quarterly P/E stands at 19.4x, down 13.4% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 38.0% YoY to 13.2x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 22.63 | 19.38 | 18.18 | 23.97 | 37.07 | 22.38 | 9.95 | 10.37 | — | 7.50 | 14.72 | 7.32 | 11.08 |
| — | -13.4% | +82.8% | +131.1% | — | +198.3% | -32.4% | +41.7% | — | +32.9% | +642.1% | +474.1% | +23.5% | |
| P/S Ratio | 0.09 | 0.08 | 0.09 | 0.10 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 | 0.08 | 0.07 | 0.07 | 0.07 |
| — | -19.5% | -3.0% | +9.5% | +9.7% | +16.7% | +26.3% | +30.1% | +38.9% | +22.5% | +56.7% | +81.4% | +26.7% | |
| P/B Ratio | 2.42 | 2.11 | 2.40 | 2.62 | 2.63 | 2.23 | 2.20 | 2.22 | 1.97 | 1.80 | 1.55 | 1.35 | 1.39 |
| — | -5.2% | +9.1% | +18.2% | +33.4% | +23.8% | +41.7% | +64.5% | +42.0% | +20.2% | +38.3% | +12.0% | -20.4% | |
| P/FCF | 5.67 | 3.53 | — | 2.17 | — | — | 4.16 | 23.63 | — | — | 3.78 | 1.11 | — |
| — | — | — | -90.8% | — | — | +10.2% | +2029.2% | — | — | +202.1% | +87.0% | — | |
| EV / EBITDA | 13.73 | 13.24 | 9.52 | 10.03 | 10.82 | 9.59 | 7.55 | 7.60 | 13.81 | 6.68 | 8.27 | 6.72 | 8.22 |
| — | +38.0% | +26.0% | +31.8% | -21.7% | +43.5% | -8.7% | +13.2% | +68.1% | +7.8% | +164.5% | +163.2% | -2.6% | |
| EV / EBIT | 13.73 | — | 14.86 | 15.88 | 17.74 | 15.47 | 10.81 | 10.85 | 33.09 | 9.06 | 12.70 | 9.41 | 12.47 |
| — | — | +37.5% | +46.4% | -46.4% | +70.9% | -14.9% | +15.3% | +165.3% | +9.7% | +241.2% | +225.3% | -1.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Global Partners LP's operating margin was 1.3% in Q4 2025, down 0.0 pp QoQ and down 0.1 pp YoY. Gross margin expanded 35.3% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.7% | 8.7% | 5.8% | 2.8% | 5.6% | 6.4% | 6.5% | 6.5% | 2.3% | 6.4% | 5.4% | 6.3% | 5.5% |
| — | +35.3% | -10.6% | -56.4% | +144.5% | +1.0% | +19.5% | +3.1% | -58.7% | -0.0% | -23.7% | +19.8% | +20.2% | |
| Operating Margin | 1.3% | 1.3% | 1.3% | 1.3% | 1.2% | 1.4% | 1.9% | 1.9% | 0.6% | 1.9% | 1.1% | 1.6% | 1.3% |
| — | -8.4% | -30.7% | -33.7% | +93.3% | -25.1% | +66.0% | +16.3% | -50.7% | +3.7% | -62.8% | -53.4% | +8.2% | |
| Net Margin | 0.4% | 0.4% | 0.5% | 0.4% | 0.4% | 0.6% | 1.0% | 1.0% | -0.2% | 1.3% | 0.6% | 1.1% | 0.7% |
| — | -30.7% | -50.3% | -54.9% | +293.0% | -54.5% | +63.5% | -8.6% | -129.3% | -3.4% | -73.6% | -64.7% | +6.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.4% | 2.7% | 3.5% | 3.0% | 2.6% | 3.3% | 6.4% | 5.9% | -1.1% | 7.0% | 3.5% | 5.4% | 3.8% |
| — | -18.5% | -44.9% | -49.7% | +336.9% | -52.8% | +85.8% | +9.8% | -129.8% | -6.1% | -78.0% | -80.2% | -67.5% | |
| ROA | 1.9% | 0.5% | 0.6% | 0.5% | 0.5% | 0.6% | 1.2% | 1.2% | -0.2% | 1.7% | 0.9% | 1.4% | 1.0% |
| — | -24.1% | -47.2% | -54.6% | +296.7% | -61.9% | +36.9% | -15.5% | -126.2% | -10.4% | -76.0% | -73.3% | -6.4% | |
| ROIC | 7.0% | 1.8% | 1.7% | 1.6% | 1.5% | 1.6% | 2.3% | 2.4% | 0.8% | 2.8% | 1.7% | 2.1% | 1.7% |
| — | +11.1% | -25.0% | -33.6% | +85.0% | -42.9% | +33.0% | +12.1% | -52.7% | -0.5% | -67.4% | -67.1% | -16.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Global Partners LP's Debt/EBITDA ratio is 28.2x, up from 21.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 5.5% YoY to 1.14x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.40 | 2.40 | 3.01 | 2.92 | 3.09 | 2.83 | 2.81 | 2.94 | 2.36 | 1.92 | 1.69 | 1.77 | 2.00 |
| — | -15.3% | +7.4% | -0.6% | +30.9% | +47.2% | +66.5% | +66.5% | +17.8% | +5.9% | -1.1% | -14.1% | -39.9% | |
| Debt / EBITDA | 6.89 | 28.24 | 21.29 | 21.24 | 23.40 | 21.50 | 17.03 | 17.41 | 30.77 | 13.89 | 17.30 | 15.31 | 19.47 |
| — | +31.3% | +25.0% | +22.0% | -24.0% | +54.8% | -1.5% | +13.7% | +58.1% | +2.1% | +127.7% | +137.0% | -12.5% | |
| Current Ratio | 1.14 | 1.14 | 1.21 | 1.18 | 1.17 | 1.21 | 1.14 | 1.10 | 1.17 | 1.12 | 1.14 | 1.19 | 1.23 |
| — | -5.5% | +6.1% | +7.7% | -0.5% | +8.1% | +0.6% | -8.0% | -4.8% | -7.2% | -6.2% | +3.5% | -7.0% | |
| Quick Ratio | 0.63 | 0.63 | 0.70 | 0.70 | 0.68 | 0.61 | 0.64 | 0.62 | 0.76 | 0.71 | 0.71 | 0.74 | 0.73 |
| — | +2.8% | +10.4% | +13.1% | -10.7% | -14.0% | -10.5% | -16.1% | +4.1% | +14.9% | +2.3% | +6.7% | -3.5% | |
| Interest Coverage | — | — | 1.84 | 1.69 | 1.55 | 1.69 | 2.38 | 2.36 | 0.88 | 3.95 | 2.27 | 2.87 | 2.33 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Global Partners LP's current P/E is 22.6x. The average P/E over the last 4 quarters is 24.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Global Partners LP's current operating margin is 1.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Global Partners LP's business trajectory between earnings reports.