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Sunoco LPSUN -0.69%80 Gross Margin % is 13.12% as of Mar. 2026, which is 83% above its 10-year median of 7.15. GuruFocus rates SUN with a GF Score™ of 80/100 and a GF Value™ of $52.39 (Significantly Overvalued). The stock has 12 warning signs investors should review. Among 870 Oil & Gas companies, Sunoco LP ranks worse than 79.2% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Sunoco LP's Gross Profit for the
three
months ended in Mar. 2026 was $1,403 Mil. Sunoco LP's Revenue for the
three
months ended in Mar. 2026 was $10,690 Mil. Therefore, Sunoco LP's Gross Margin % for the quarter that ended in Mar. 2026 was 13.12%.
The historical rank and industry rank for Sunoco LP's Gross Margin % or its related term are showing as below:
SUN'
s Gross Margin % Range Over the Past 10 Years
Min: 4.61 Med: 7.15 Max: 9.81
Current: 9.8
During the past 13 years, the highestGross Margin % of Sunoco LP was 9.81%. The lowest was 4.61%. And the median was 7.15%.
SUN's Gross Margin % is ranked worse than 79.2% of 870
companies
in the Oil & Gas industry
Industry Median: 26.115
vs SUN: 9.80
Sunoco LP had a gross margin of 13.12% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Sunoco LP was 1.90% per year.
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
Sunoco LP had a gross margin of 13.12% for the quarter that ended in Mar. 2026 => No sustainable 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.
Sunoco LP Gross Margin % Related Terms
Sunoco LP Gross Margin % Historical Data
* Premium members only.
The historical data trend for Sunoco LP's Gross Margin % can be seen below:
* 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.
For the Oil & Gas Refining & Marketing subindustry, Sunoco 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.
Sunoco LP Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Sunoco LP's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Sunoco 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.
Sunoco LP (SUN) has a Gross Margin % of 13.12% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Sunoco LP and its competitors. This is 83% above median its historical median of 7.15. Over the past decade, Sunoco LP's Gross Margin % has ranged from 4.61 to 9.81. According to the industry distribution chart, Sunoco LP ranks #689 out of 870 companies in the Oil & Gas industry, placing it in the top 79.2%.
Is Sunoco LP's Gross Margin % too high?
Sunoco LP's current Gross Margin % of 13.12% is 83% above median its 10-year median of 7.15. Over the past 10 years, this metric has ranged from a low of 4.61 to a high of 9.81. The Oil & Gas industry median Gross Margin % is 26.12. Sunoco LP's value of 13.12% is 49.8% below this industry median. Based on the distribution chart, Sunoco LP ranks #689 out of 870 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Sunoco LP has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunoco LP's Gross Margin % compare to DINO and PBF?
According to the Oil & Gas industry distribution chart, Sunoco LP ranks #689 out of 870 companies for Gross Margin %. This places Sunoco LP in the lower half of its industry. The industry median Gross Margin % is 26.12. Sunoco LP's value of 13.12% is 49.8% below this benchmark. Historically, Sunoco LP's own Gross Margin % has ranged from 4.61 to 9.81 over the past decade. While the company's 10-year median is 7.15 vs. the industry median of 26.12, Sunoco LP has consistently been below 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 26.12, based on 870 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. Sunoco LP's current Gross Margin % of 13.12% is 49.8% below 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 Sunoco LP and its competitors. For the Oil & Gas industry, the median Gross Margin % is 26.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunoco LP's current Gross Margin % is 13.12%, which is 83% above median its own 10-year median of 7.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunoco LP stock overvalued right now?
Based on GuruFocus' analysis, Sunoco LP (SUN) is currently considered Significantly Overvalued. The stock's GF Value™ is $52.39, compared to a current price of $73.82 — trading 40.9% above its estimated fair value. The current Gross Margin % is 13.12%, which is 83% above median its 10-year median of 7.15 and 49.8% below the Oil & Gas industry median of 26.12. Sunoco LP's overall GF Score™ is 80/100 with 12 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 Sunoco LP (SUN), the current Gross Margin % is 13.12% 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 Sunoco LP (SUN) Overvalued in 2026?
Based on GuruFocus' analysis, Sunoco LP stock appears to be overvalued.
The current stock price of $73.82 is trading 40.9% above its estimated GF Value™ of $52.39.
GuruFocus considers Sunoco LP to be Significantly Overvalued.
Key valuation signals for SUN:
Gross Margin %: 13.12% (83% above median its 10-year median of 7.15)
GF Value™: $52.39 vs. price of $73.82 (40.9% above fair value)
Industry Position: 49.8% below the Oil & Gas median (#689 of 870)
No single metric tells the full story. See the SUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sunoco LP is a Delaware limited partnership formed in June 2012 by Susser Holdings Corporation or SUSS. In September 2012, the Company completed its initial public offering. The Company, along with its wholly owned subsidiary, is an independent motor fuel distributor by gallons in Texas, and among the distributors of Valero and Chevron branded motor fuel in the United States. The Company also receives rental income from real estate that it leases or subleases. SUSS operated approximately 580 retail convenience stores under its proprietary Stripes convenience store brand at year-end, mainly in growing Texas markets. Stripes is an independent chain of convenience stores in Texas based on store count and retail motor fuel volumes sold. Its business is integral to the success of SUSS' retail operations, and SUSS purchases substantially all of its motor fuel from the Company. In addition to distributing motor fuel, it also distributes other petroleum products such as propane and lube oil, and receives rental income from real estate that it leases or subleases. The Company purchases motor fuel mainly from independent refiners and oil companies and distributes it throughout Texas and in Louisiana, New Mexico and Oklahoma. The Company competes mainly with other independent motor fuel distributors. The Company is subject to various federal, state and local environmental laws and regulations, including those relating to underground storage tanks; the release or discharge of hazardous materials into the air, water and soil; the generation, storage, handling, use, transportation and disposal of regulated materials; the exposure of persons to regulated materials; and the remediation of contaminated soil and groundwater.
80GF Score
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