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Ferrellgas Partners LPFGPR -0.04%39 Operating Margin % is 11.53% as of Apr. 2026, which is 28% above its 10-year median of 9.02. GuruFocus rates FGPR with a GF Score™ of 39/100 and a GF Value™ of $9.33 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 927 Oil & Gas companies, Ferrellgas Partners LP ranks better than 57.28% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Ferrellgas Partners LP Operating Margin % Related Terms
Ferrellgas Partners LP Operating Margin % Historical Data
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The historical data trend for Ferrellgas Partners LP's Operating 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.
FGPR vs SGU, CLNE, BDCO: Operating Margin % Comparison
For the Oil & Gas Refining & Marketing subindustry, Ferrellgas Partners LP's Operating Margin %, along with its competitors' market caps and Operating 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.
Ferrellgas Partners LP Operating Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ferrellgas Partners LP's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Ferrellgas Partners LP's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Ferrellgas Partners LP's Operating Margin % for the fiscal year that ended in Jul. 2025 is calculated as
* 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.
Ferrellgas Partners LP (FGPR) has a Operating Margin % of 11.53% as of Apr. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Ferrellgas Partners LP and its competitors. This is 28% above median its historical median of 9.02. Over the past decade, Ferrellgas Partners LP's Operating Margin % has ranged from 4.80 to 12.43. According to the industry distribution chart, Ferrellgas Partners LP ranks #396 out of 927 companies in the Oil & Gas industry, placing it in the top 42.7%.
Is Ferrellgas Partners LP's Operating Margin % too high?
Ferrellgas Partners LP's current Operating Margin % of 11.53% is 28% above median its 10-year median of 9.02. Over the past 10 years, this metric has ranged from a low of 4.80 to a high of 12.43. The Oil & Gas industry median Operating Margin % is 7.56. Ferrellgas Partners LP's value of 11.53% is 52.5% above this industry median. Based on the distribution chart, Ferrellgas Partners LP ranks #396 out of 927 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Ferrellgas Partners LP has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ferrellgas Partners LP's Operating Margin % compare to SGU and CLNE?
According to the Oil & Gas industry distribution chart, Ferrellgas Partners LP ranks #396 out of 927 companies for Operating Margin %. This puts Ferrellgas Partners LP in the upper half of its industry. The industry median Operating Margin % is 7.56. Ferrellgas Partners LP's value of 11.53% is 52.5% above this benchmark. Historically, Ferrellgas Partners LP's own Operating Margin % has ranged from 4.80 to 12.43 over the past decade. While the company's 10-year median is 9.02 vs. the industry median of 7.56, Ferrellgas 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 Operating Margin % for an Oil & Gas company?
The median Operating Margin % among Oil & Gas companies is 7.56, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ferrellgas Partners LP's current Operating Margin % of 11.53% is 52.5% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Ferrellgas Partners LP and its competitors. For the Oil & Gas industry, the median Operating Margin % is 7.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ferrellgas Partners LP's current Operating Margin % is 11.53%, which is 28% above median its own 10-year median of 9.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ferrellgas Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Ferrellgas Partners LP (FGPR) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.33, compared to a current price of $23.00 — trading 146.5% above its estimated fair value. The current Operating Margin % is 11.53%, which is 28% above median its 10-year median of 9.02 and 52.5% above the Oil & Gas industry median of 7.56. Ferrellgas Partners LP's overall GF Score™ is 39/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Ferrellgas Partners LP (FGPR), the current Operating Margin % is 11.53% as of Apr. 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 Ferrellgas Partners LP (FGPR) Overvalued in 2026?
Based on GuruFocus' analysis, Ferrellgas Partners LP stock appears to be overvalued.
The current stock price of $23.00 is trading 146.5% above its estimated GF Value™ of $9.33.
GuruFocus considers Ferrellgas Partners LP to be Significantly Overvalued.
Key valuation signals for FGPR:
Operating Margin %: 11.53% (28% above median its 10-year median of 9.02)
GF Value™: $9.33 vs. price of $23.00 (146.5% above fair value)
Industry Position: 52.5% above the Oil & Gas median (#396 of 927)
No single metric tells the full story. See the FGPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ferrellgas Partners LP distributes propane and related equipment to a wide mix of customers, including residential, commercial, agricultural, wholesale, and portable tank exchange segments. The company provides propane delivery and tank exchange services under several brands and sells related appliances, parts, and fittings. Ferrellgas operates all over the United States, the District of Columbia, and Puerto Rico, with sales concentrated in various regions across the United States. The majority of its revenue comes from the sales of Propane and other gas liquids to End Users and Resellers.
39GF Score
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