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Suburban Propane Partners LP (NYSE:SPH) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Suburban Propane Partners LP Net Margin % Related Terms
Suburban Propane Partners LP Net 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.
For the Utilities - Regulated Gas subindustry, Suburban Propane Partners LP's Net Margin %, along with its competitors' market caps and Net 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.
Suburban Propane Partners LP Net Margin % vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Suburban Propane Partners LP's Net Margin % distribution charts can be found below:
* The bar in red indicates where Suburban Propane Partners LP's Net 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.
Suburban Propane Partners LP (SPH) has a Net Margin % of -6.71% as of Jun. 2026. Net margin is the ratio of total net income to net sales. View historical data on Suburban Propane Partners LP and its competitors. Over the past decade, Suburban Propane Partners LP's Net Margin % has ranged from 1.38 to 9.53. According to the industry distribution chart, Suburban Propane Partners LP ranks #229 out of 500 companies in the Utilities - Regulated industry, placing it in the top 45.8%.
Is Suburban Propane Partners LP's Net Margin % too high?
Suburban Propane Partners LP's current Net Margin % is -6.71%. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 9.53. Based on the distribution chart, Suburban Propane Partners LP ranks #229 out of 500 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Suburban Propane Partners LP has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Suburban Propane Partners LP's Net Margin % compare to CTRI and NWN?
According to the Utilities - Regulated industry distribution chart, Suburban Propane Partners LP ranks #229 out of 500 companies for Net Margin %. This puts Suburban Propane Partners LP in the upper half of its industry. The industry median Net Margin % is 8.22. Historically, Suburban Propane Partners LP's own Net Margin % has ranged from 1.38 to 9.53 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Utilities - Regulated company?
The median Net Margin % among Utilities - Regulated companies is 8.22, based on 500 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Suburban Propane Partners LP and its competitors. For the Utilities - Regulated industry, the median Net Margin % is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suburban Propane Partners LP's current Net Margin % is -6.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suburban Propane Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Suburban Propane Partners LP (SPH) is currently considered Fairly Valued. The stock's GF Value™ is $18.34, compared to a current price of $16.75 — trading 8.7% below its estimated fair value. The current Net Margin % is -6.71%. Suburban Propane Partners LP's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Suburban Propane Partners LP (SPH), the current Net Margin % is -6.71% as of Jun. 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 Suburban Propane Partners LP (SPH) Overvalued in 2026?
Based on GuruFocus' analysis, Suburban Propane Partners LP stock appears to be undervalued.
The current stock price of $16.75 is trading 8.7% below its estimated GF Value™ of $18.34.
GuruFocus considers Suburban Propane Partners LP to be Fairly Valued.
Key valuation signals for SPH:
Net Margin %: -6.71%
GF Value™: $18.34 vs. price of $16.75 (8.7% below fair value)
No single metric tells the full story. See the SPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Suburban Propane Partners LP distributes propane, renewable propane, renewable natural gas (RNG), fuel oil, refined fuels, and markets natural gas and electricity in deregulated markets. It produces and invests in low-carbon fuel alternatives. The company installs and services home comfort heating and ventilation equipment and distributes fuel oil, kerosene, diesel, and gasoline to about 25,000 residential and commercial customers mainly in the U.S. northeast. It operates three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity, with the Propane segment generating the majority of revenue. Propane, a by-product of natural gas processing and petroleum refining, is a clean-burning energy source known for transportability and ease of use.
63GF Score
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