Global Partners (GLP) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Global Partners

NYSE•Energy•Oil & Gas Midstream

$53.11+0.41(0.01%)Pre-market

Market Cap

$1.79B

P/E

9.2x

P/S

0.1x

P/B

2.4x

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil to retailers and wholesale distributors. This segment transports the products by railcars, barges, trucks and/or pipelines. The GDSO segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates convenience stores and prepared food sales; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. The Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector; and sells custom blended fuels. The company is involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.

How this company scores

AverageMetricSide Score: 58/100

Strongest: Growth (24/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability11/25

Growth24/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality13/25

Strengths

Growing revenueHigh ROERising earningsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.2x5y range 4.0x – 31.7x

Currently near its 20-quarter median.

P/S · 0.1x5y range 0.1x – 0.1x

Currently near its 20-quarter median.

P/B · 2.4x5y range 1.8x – 2.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $1.79B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $21.46B
Q. Revenue: $6.79B
TTM EBITDA: $474.60M
TTM Op. Income: $331.81M
Q. Op. Income: $107.36M
TTM Net Income: $195.20M
Q. Net Income: $70.98M
EPS: $1.87
Shares Out.: $33.93M

$21.46B in TTM revenue grew 20.4% YoY, reaching $6.79B last quarter. TTM EBITDA of $474.60M and TTM operating income of $331.81M show growth is flowing through to the bottom line. TTM net income of $195.20M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 4.8%
EBITDA Margin: 2.1%
Op. Margin: 1.6%
Net Margin: 1.0%

Op. margin of 1.6% is up 0.3% YoY — cost efficiency is improving. Net margin at 1.0% and gross margin of 4.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 22% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.2x
P/S Ratio: 0.1x
P/B Ratio: 2.4x

At 9.2x P/E, the stock trades below typical market levels. P/S of 0.1x and P/B of 2.4x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $4.02B
Cash: $23.91M
Long-Term Debt: $1.44B
Book Value: $748.57M
D/E Ratio: 1.9
Debt/EBITDA: 10.0

With $4.02B in assets and $1.44B in long-term debt, D/E is 1.9and book value is $748.57M — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $309.42M
TTM Free Cash Flow: $199.43M
FCF Margin: 0.9%
FCF / Net Income: 1.0

TTM FCF of $199.43M on $309.42M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 20% — an improving trend.