Martin Midstream Partners L.P. (MMLP) Financial Ratios
27 years of historical data (1999–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↑
6.39
+10% vs avg
5yr avg: 5.81
30Y Low5.0·High18.5
P/FCF
↑
6.81
↓-23% vs avg
5yr avg: 8.84
30Y Low0.9·High62.5
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low1.4·High7.5
ROE
N/A
—
5yr avg: N/A
30Y Low-139%·High66%
Debt/EBITDA
↑
5.41
+13% vs avg
5yr avg: 4.79
30Y Low2.7·High6.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MMLP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Martin Midstream Partners 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 6.8x P/FCF, 23% below the 5-year average of 8.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $95M | $102M | $139M | $93M | $116M | $103M | $55M | $156M | $400M | $534M | $649M |
| Enterprise Value | $620M | $626M | $645M | $575M | $664M | $625M | $589M | $755M | $1.1B | $1.3B | $1.5B |
| P/E Ratio → | -6.59 | — | — | — | — | — | — | — | 9.26 | 31.82 | 28.23 |
| P/S Ratio | 0.13 | 0.14 | 0.20 | 0.12 | 0.11 | 0.12 | 0.08 | 0.18 | 0.41 | 0.56 | 0.78 |
| P/B Ratio | — | — | — | — | — | — | — | — | 1.39 | 1.79 | 2.08 |
| P/FCF | 6.81 | 7.26 | 21.98 | 0.90 | — | 5.23 | 1.53 | 3.45 | 7.46 | 19.25 | 9.22 |
| P/OCF | 2.07 | 2.20 | 2.88 | 0.68 | 7.19 | 2.88 | 0.85 | 2.05 | 4.41 | 7.92 | 5.86 |
P/E links to full P/E history page with 30-year chart
MMLP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Martin Midstream Partners L.P.'s enterprise value stands at 6.4x EBITDA, 10% above its 5-year average of 5.8x. The Energy sector median is 7.8x, placing the stock at a 18% discount 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 | — | 0.87 | 0.91 | 0.72 | 0.65 | 0.71 | 0.88 | 0.89 | 1.09 | 1.42 | 1.76 |
| EV / EBITDA | 6.39 | 6.45 | 5.96 | 4.99 | 6.18 | 5.48 | 5.46 | 6.39 | 9.94 | 9.29 | 8.84 |
| EV / EBIT | 13.23 | 13.10 | 11.57 | 9.32 | 12.96 | 10.91 | 14.31 | 12.99 | 23.43 | 27.91 | 18.28 |
| EV / FCF | — | 44.76 | 101.62 | 5.57 | — | 31.75 | 16.30 | 16.70 | 19.69 | 48.53 | 20.70 |
MMLP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Martin Midstream Partners L.P. earns an operating margin of 6.5%, below the Energy sector average of 13.8%. Operating margins have compressed from 8.2% to 6.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROIC of 8.0% 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 | 12.4% | 12.4% | 50.8% | 13.3% | 33.3% | 33.2% | 37.8% | 34.7% | 21.7% | 26.1% | 31.9% |
| Operating Margin | 6.5% | 6.5% | 8.1% | 8.2% | 5.0% | 6.5% | 6.9% | 6.9% | 4.6% | 6.3% | 8.8% |
| Net Profit Margin | -2.0% | -2.0% | -0.7% | -0.6% | -1.0% | -0.0% | -1.0% | -20.7% | 5.7% | 2.1% | 3.8% |
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 | — | — | — | — | — | — | — | -138.7% | 19.0% | 6.5% | 9.0% |
| ROA | -2.7% | -2.7% | -1.0% | -0.8% | -1.8% | -0.0% | -1.1% | -20.6% | 4.9% | 1.6% | 2.4% |
| ROIC | 8.0% | 8.0% | 10.1% | 10.8% | 8.0% | 8.9% | 6.6% | 5.7% | 3.2% | 4.0% | 4.6% |
| ROCE | 11.4% | 11.4% | 13.8% | 14.6% | 10.6% | 12.2% | 9.1% | 7.8% | 4.4% | 5.3% | 6.1% |
MMLP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Martin Midstream Partners L.P. carries a Debt/EBITDA ratio of 5.4x, which is highly leveraged (108% above the sector average of 2.6x). Net debt stands at $525M ($525M total debt minus $49000 cash). Interest coverage of just 0.8x 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 | — | — | — | — | — | — | — | — | 2.32 | 2.72 | 2.59 |
| Debt / EBITDA | 5.41 | 5.41 | 4.67 | 4.18 | 5.10 | 4.58 | 4.99 | 5.09 | 6.29 | 5.60 | 4.90 |
| Net Debt / Equity | — | — | — | — | — | — | — | — | 2.28 | 2.72 | 2.59 |
| Net Debt / EBITDA | 5.41 | 5.41 | 4.67 | 4.18 | 5.10 | 4.58 | 4.95 | 5.07 | 6.18 | 5.60 | 4.90 |
| Debt / FCF | — | 37.51 | 79.64 | 4.67 | — | 26.52 | 14.77 | 13.25 | 12.23 | 29.28 | 11.48 |
| Interest Coverage | 0.83 | 0.83 | 0.97 | 1.02 | 0.96 | 1.06 | 0.89 | 1.12 | 0.86 | 0.99 | 1.68 |
MMLP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.05x means Martin Midstream Partners L.P. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.64x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.14x to 1.05x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.05 | 1.05 | 1.13 | 1.14 | 1.90 | 1.67 | 1.14 | 1.69 | 1.91 | 1.81 | 1.65 |
| Quick Ratio | 0.64 | 0.64 | 0.68 | 0.70 | 0.91 | 1.07 | 0.68 | 1.11 | 1.07 | 1.08 | 0.95 |
| Cash Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.03 | 0.00 | 0.00 | 0.00 |
| Asset Turnover | — | 1.37 | 1.31 | 1.57 | 1.70 | 1.52 | 1.16 | 1.27 | 0.94 | 0.75 | 0.66 |
| Inventory Turnover | 12.48 | 12.48 | 6.73 | 15.79 | 6.19 | 9.50 | 7.73 | 8.84 | 8.95 | 7.19 | 6.82 |
| Days Sales Outstanding | — | 29.75 | 34.70 | 28.00 | 31.40 | 40.79 | 36.69 | 45.28 | 31.39 | 50.51 | 40.71 |
MMLP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Martin Midstream Partners L.P. returns 0.8% to shareholders annually primarily through dividends.
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 | 0.8% | 0.8% | 0.6% | 0.9% | 0.7% | 0.8% | 9.6% | 31.5% | 19.2% | 14.4% | 16.0% |
| Payout Ratio | — | — | — | — | — | — | — | — | 138.1% | 386.3% | 329.0% |
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 | — | — | — | — | — | — | — | — | 10.8% | 3.1% | 3.5% |
| FCF Yield | 14.7% | 13.8% | 4.6% | 110.9% | — | 19.1% | 65.4% | 29.0% | 13.4% | 5.2% | 10.8% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.1% | 0.0% | 0.1% |
| Total Shareholder Yield | 0.8% | 0.8% | 0.6% | 0.9% | 0.7% | 0.8% | 9.6% | 31.8% | 19.3% | 14.4% | 16.1% |
| Shares Outstanding | — | $39M | $39M | $39M | $39M | $39M | $39M | $39M | $39M | $38M | $35M |
Peer Comparison
Compare MMLP 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 |
|---|---|---|---|---|---|---|---|---|---|
 MMLPYou | $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 |
 GEL | $2B | -19.8 | 9.8 | 20.1 | 21.1% | 15.8% | -0.7% | 4.0% | 6.2 |
 NGL | $2B | -4.6 | 8.3 | 13.8 | 23.7% | 12.2% | -52.1% | 8.1% | 5.2 |
 MPLX | $58B | 11.8 | 13.4 | 14.1 | 45.2% | 40.3% | 34.4% | 9.9% | 4.3 |
 USAC | $3B | 29.5 | 9.2 | 10.9 | 38.5% | 31.9% | — | 9.6% | 4.2 |
 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 |
 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 · 27 years · Updated daily
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MMLP — Frequently Asked Questions
Quick answers to the most common questions about buying MMLP stock.
What is Martin Midstream Partners L.P.'s P/E ratio?
Martin Midstream Partners L.P.'s current P/E ratio is -6.6x. The historical average is 26.0x.
What is Martin Midstream Partners L.P.'s EV/EBITDA?
Martin Midstream Partners L.P.'s current EV/EBITDA is 6.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.2x.
Is MMLP stock overvalued?
Based on historical data, Martin Midstream Partners L.P. is trading at a P/E of -6.6x. Compare with industry peers and growth rates for a complete picture.
What is Martin Midstream Partners L.P.'s dividend yield?
Martin Midstream Partners L.P.'s current dividend yield is 0.84%.
What are Martin Midstream Partners L.P.'s profit margins?
Martin Midstream Partners L.P. has 12.4% gross margin and 6.5% operating margin.
How much debt does Martin Midstream Partners L.P. have?
Martin Midstream Partners L.P.'s Debt/EBITDA ratio is 5.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.