Martin Midstream Partners LPMMLP +3.88%53 3-Year ROIIC % is 3.08 as of Dec. 2025, which is 63% below its 10-year median of 8.33. GuruFocus rates MMLP with a GF Score™ of 53/100 and a GF Value™ of $2.73 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 925 Oil & Gas companies, Martin Midstream Partners LP ranks better than 57.95% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Martin Midstream Partners LP's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 3.08%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
MMLP's 3-Year ROIIC % is ranked better than 57.95% of 925
companies
in the Oil & Gas industry
Industry Median: 0.01
vs MMLP: 3.08
Martin Midstream Partners LP (NAS:MMLP) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Martin Midstream Partners LP 3-Year ROIIC % Related Terms
Martin Midstream Partners LP 3-Year ROIIC % 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 Oil & Gas Midstream subindustry, Martin Midstream Partners LP's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Martin Midstream Partners LP's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Martin Midstream Partners LP's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 48.897 (Dec. 2025) - 51.263 (Dec. 2022) )
/
( 420.567 (Dec. 2025) - 497.272 (Dec. 2022) )
=
-2.366
/
-76.705
=
3.08%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Martin Midstream Partners LP (MMLP) has a 3-Year ROIIC % of 3.08 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Martin Midstream Partners LP and its competitors. This is 63% below median its historical median of 8.33. According to the industry distribution chart, Martin Midstream Partners LP ranks #389 out of 925 companies in the Oil & Gas industry, placing it in the top 42.1%.
Is Martin Midstream Partners LP's 3-Year ROIIC % too high?
Martin Midstream Partners LP's current 3-Year ROIIC % of 3.08 is 63% below median its 10-year median of 8.33. The Oil & Gas industry median 3-Year ROIIC % is 0.01. Martin Midstream Partners LP's value of 3.08 is 30700% above this industry median. Based on the distribution chart, Martin Midstream Partners LP ranks #389 out of 925 companies in the Oil & Gas industry, which is above the industry midpoint. 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 3-Year ROIIC % compare to NFE and PXS?
According to the Oil & Gas industry distribution chart, Martin Midstream Partners LP ranks #389 out of 925 companies for 3-Year ROIIC %. This puts Martin Midstream Partners LP in the upper half of its industry. The industry median 3-Year ROIIC % is 0.01. Martin Midstream Partners LP's value of 3.08 is 30700% above this benchmark. While the company's 10-year median is 8.33 vs. the industry median of 0.01, 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 3-Year ROIIC % for an Oil & Gas company?
The median 3-Year ROIIC % among Oil & Gas companies is 0.01, based on 925 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Martin Midstream Partners LP's current 3-Year ROIIC % of 3.08 is 30700% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Martin Midstream Partners LP and its competitors. For the Oil & Gas industry, the median 3-Year ROIIC % is 0.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Martin Midstream Partners LP's current 3-Year ROIIC % is 3.08, which is 63% below median its own 10-year median of 8.33. 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 $2.73, compared to a current price of $2.41 — trading 11.7% below its estimated fair value. The current 3-Year ROIIC % is 3.08, which is 63% below median its 10-year median of 8.33 and 30700% above the Oil & Gas industry median of 0.01. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Martin Midstream Partners LP (MMLP), the current 3-Year ROIIC % is 3.08 as of Dec. 2025. 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 $2.41 is trading 11.7% below its estimated GF Value™ of $2.73.
GuruFocus considers Martin Midstream Partners LP to be Modestly Undervalued.
Key valuation signals for MMLP:
3-Year ROIIC %: 3.08 (63% below median its 10-year median of 8.33)
GF Value™: $2.73 vs. price of $2.41 (11.7% below fair value)
Industry Position: 30700% above the Oil & Gas median (#389 of 925)
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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