SUN (Sunoco LP) Net Margin %: 4.35% (As of Mar. 2026) — 232% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SUN Sunoco LP SUN
80 GF Score
Price $73.71
GF Value $52.39
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Sunoco LP Net Margin %?

Sunoco LP SUN -0.83% 80 Net Margin % is 4.35% as of Mar. 2026, which is 232% above its 10-year median of 1.31. 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 918 Oil & Gas companies, Sunoco LP ranks worse than 59.69% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Sunoco LP's Net Income for the three months ended in Mar. 2026 was $465 Mil. Sunoco LP's Revenue for the three months ended in Mar. 2026 was $10,690 Mil. Therefore, Sunoco LP's net margin for the quarter that ended in Mar. 2026 was 4.35%.

The historical rank and industry rank for Sunoco LP's Net Margin % or its related term are showing as below:

SUN' s Net Margin % Range Over the Past 10 Years
Min: -4.07   Med: 1.31   Max: 3.16
Current: 1.49


SUN's Net Margin % is ranked worse than
59.69% of 918 companies
in the Oil & Gas industry
Industry Median: 3.84 vs SUN: 1.49

Sunoco LP  (NYSE:SUN) 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.


Sunoco LP Net Margin % Related Terms


Sunoco LP Net Margin % Historical Data

* Premium members only.

The historical data trend for Sunoco LP's Net 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.

Sunoco LP Net Margin % Chart

Sunoco LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.53 1.54 1.35 3.16 1.24

Sunoco LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 2.20 -1.31 4.35 1.44

SUN vs DINO, PBF, IEP: Net Margin % Comparison

For the Oil & Gas Refining & Marketing subindustry, Sunoco 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.


Sunoco LP Net Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sunoco LP's Net Margin % distribution charts can be found below:

* The bar in red indicates where Sunoco LP's Net Margin % falls into.


SUN
80GF Score
Sunoco LP SUN
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sunoco LP Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Sunoco LP's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=313/25201
=1.24 %

Sunoco LP's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=465/10690
=4.35 %

* 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.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 4.35% mean?
Sunoco LP (SUN) has a Net Margin % of 4.35% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Sunoco LP and its competitors. This is 232% above median its historical median of 1.31. According to the industry distribution chart, Sunoco LP ranks #548 out of 918 companies in the Oil & Gas industry, placing it in the top 59.7%.
Is Sunoco LP's Net Margin % too high?
Sunoco LP's current Net Margin % of 4.35% is 232% above median its 10-year median of 1.31. The Oil & Gas industry median Net Margin % is 3.84. Sunoco LP's value of 4.35% is 13.3% above this industry median. Based on the distribution chart, Sunoco LP ranks #548 out of 918 companies in the Oil & Gas industry, which is below the industry midpoint. 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 Net Margin % compare to DINO and PBF?
According to the Oil & Gas industry distribution chart, Sunoco LP ranks #548 out of 918 companies for Net Margin %. This places Sunoco LP in the lower half of its industry. The industry median Net Margin % is 3.84. Sunoco LP's value of 4.35% is 13.3% above this benchmark. While the company's 10-year median is 1.31 vs. the industry median of 3.84, Sunoco 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 Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.84, based on 918 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. Sunoco LP's current Net Margin % of 4.35% is 13.3% 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 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 Sunoco LP and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunoco LP's current Net Margin % is 4.35%, which is 232% above median its own 10-year median of 1.31. 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 $73.71 — trading 40.7% above its estimated fair value. The current Net Margin % is 4.35%, which is 232% above median its 10-year median of 1.31 and 13.3% above the Oil & Gas industry median of 3.84. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Sunoco LP (SUN), the current Net Margin % is 4.35% 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 $73.71 is trading 40.7% above its estimated GF Value™ of $52.39. GuruFocus considers Sunoco LP to be Significantly Overvalued.

Key valuation signals for SUN:

  • Net Margin %: 4.35% (232% above median its 10-year median of 1.31)
  • GF Value™: $52.39 vs. price of $73.71 (40.7% above fair value)
  • GF Score™: 80/100 with 12 warning signs
  • Industry Position: 13.3% above the Oil & Gas median (#548 of 918)

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 Business Description

Industry EnergyOil & Gas
Address 8111 Westchester Drive, Suite 400, Dallas, TX, USA, 75225
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

Get the complete analysis for SUN

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$73.71
Price
$52.39
GF Value