Martin Midstream Partners LPMMLP +5.05%53 Gross Margin % is 45.45% as of Mar. 2026, which is 34% above its 10-year median of 34.02. GuruFocus rates MMLP with a GF Score™ of 53/100 and a GF Value™ of $2.74 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 867 Oil & Gas companies, Martin Midstream Partners LP ranks better than 77.16% on this metric.
Martin Midstream Partners LP (NAS:MMLP) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Martin Midstream Partners LP had a gross margin of 45.45% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Martin Midstream Partners LP Gross Margin % Related Terms
Martin Midstream Partners LP Gross Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MMLP vs DLNG, TORO, PXS: Gross Margin % Comparison
For the Oil & Gas Midstream subindustry, Martin Midstream Partners LP's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Martin Midstream Partners LP Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Martin Midstream Partners LP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Martin Midstream Partners LP's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Martin Midstream Partners LP (MMLP) has a Gross Margin % of 45.45% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Martin Midstream Partners LP and its competitors. This is 34% above median its historical median of 34.02. Over the past decade, Martin Midstream Partners LP's Gross Margin % has ranged from 29.34 to 50.85. According to the industry distribution chart, Martin Midstream Partners LP ranks #198 out of 867 companies in the Oil & Gas industry, placing it in the top 22.8%.
Is Martin Midstream Partners LP's Gross Margin % too high?
Martin Midstream Partners LP's current Gross Margin % of 45.45% is 34% above median its 10-year median of 34.02. Over the past 10 years, this metric has ranged from a low of 29.34 to a high of 50.85. The Oil & Gas industry median Gross Margin % is 25.70. Martin Midstream Partners LP's value of 45.45% is 76.8% above this industry median. Based on the distribution chart, Martin Midstream Partners LP ranks #198 out of 867 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Martin Midstream Partners LP has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Martin Midstream Partners LP's Gross Margin % compare to DLNG and TORO?
According to the Oil & Gas industry distribution chart, Martin Midstream Partners LP ranks #198 out of 867 companies for Gross Margin %. This places Martin Midstream Partners LP in the top 23% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 25.70. Martin Midstream Partners LP's value of 45.45% is 76.8% above this benchmark. Historically, Martin Midstream Partners LP's own Gross Margin % has ranged from 29.34 to 50.85 over the past decade. While the company's 10-year median is 34.02 vs. the industry median of 25.70, Martin Midstream Partners LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Martin Midstream Partners LP's current Gross Margin % of 45.45% is 76.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Martin Midstream Partners LP and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Martin Midstream Partners LP's current Gross Margin % is 45.45%, which is 34% above median its own 10-year median of 34.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Martin Midstream Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Martin Midstream Partners LP (MMLP) is currently considered Modestly Undervalued. The stock's GF Value™ is $2.74, compared to a current price of $2.32 — trading 15.3% below its estimated fair value. The current Gross Margin % is 45.45%, which is 34% above median its 10-year median of 34.02 and 76.8% above the Oil & Gas industry median of 25.70. Martin Midstream Partners LP's overall GF Score™ is 53/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Martin Midstream Partners LP (MMLP), the current Gross Margin % is 45.45% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Martin Midstream Partners LP (MMLP) Overvalued in 2026?
Based on GuruFocus' analysis, Martin Midstream Partners LP stock appears to be undervalued.
The current stock price of $2.32 is trading 15.3% below its estimated GF Value™ of $2.74.
GuruFocus considers Martin Midstream Partners LP to be Modestly Undervalued.
Key valuation signals for MMLP:
Gross Margin %: 45.45% (34% above median its 10-year median of 34.02)
GF Value™: $2.74 vs. price of $2.32 (15.3% below fair value)
Industry Position: 76.8% above the Oil & Gas median (#198 of 867)
No single metric tells the full story. See the MMLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Martin Midstream Partners LP has a diverse set of operations focused on the United States Gulf Coast region. The company's business lines include terminalling, processing, storage, and packaging services for petroleum products and by-products, including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing, and distribution; and natural gas liquids marketing, distribution and transportation services. The company operates in four segment Terminalling and storage, Transportation, Sulfur service, and Specialty products segment. The majority of the revenue is derived from the Specialty products segment.
53GF Score
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