Recent Suburban Propane Partners shows a gross margin of 26.9%, an operating margin of 15.1%, an EBITDA margin of 19.8%, and a net margin of 9.4%. EBITDA margin drove the improvement across the available margins, increasing by 2.6 percentage points.
SPH margin history
Over the last 3 years, Suburban Propane Partners's margins averaged 26.12% gross, 14.37% operating, 17.97% EBITDA, and 7.52% net. All four current margins are above their three-year averages.
SPH margin expansion
The biggest expansion was in EBITDA and net margins, which rose by 2.6 percentage points. The other available margins also improved.
SPH Gross margin
In the last 3 years, Suburban Propane Partners had an average gross margin of 26.12%. Against its three-year average, Suburban Propane Partners's gross margin is currently 26.9%, 0.8 percentage points above its three-year average. Looking back over the last 3 years, Suburban Propane Partners's gross margin reached 27.4% at its highest point in Mar 2026 and 24.7% at its lowest in Sep 2024.
SPH Operating margin
Over the last 3 years, Suburban Propane Partners's operating margin averaged 14.37%. The current operating margin of 15.1% is 0.7 percentage points above its three-year average. During this period, operating margin reached a high of 15.4% in Mar 2026 and a low of 12.9% in Sep 2024.
SPH EBITDA margin
Across the last 3 years, Suburban Propane Partners had an average EBITDA margin of 17.97%. Against its three-year average, Suburban Propane Partners's EBITDA margin is currently 19.8%, 1.8 percentage points above its three-year average. Looking back over the last 3 years, Suburban Propane Partners's EBITDA margin reached 20.1% at its highest point in Mar 2026 and 16% at its lowest in Dec 2024.
SPH Net margin
Over the last 3 years, Suburban Propane Partners's net margin averaged 7.52%. The current net margin of 9.4% is 1.9 percentage points above its three-year average. During this period, net margin reached a high of 9.6% in Mar 2026 and a low of 5.2% in Dec 2024.
SPH margin group comparison
With a gross margin of 26.9%, SPH ranks lower than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 42.7%, Suburban Propane Partners's gross margin is 37% lower.
SPH margin peer comparison
Frequently asked questions
What is Suburban Propane Partners's gross margin?
For the period ending Jun 27, 2026, SPH recorded a gross margin of 26.9%.
What is Suburban Propane Partners's operating margin?
For the period ending Jun 27, 2026, SPH recorded an operating margin of 15.1%.
What is Suburban Propane Partners's EBITDA margin?
The current EBITDA margin for SPH is 19.8% as of Jun 27, 2026.
What is Suburban Propane Partners's net margin?
For the period ending Jun 27, 2026, SPH recorded a net margin of 9.4%.
What are the average margins of SPH?
Across the last 3 years, SPH averaged 26.1% gross, 14.4% operating, 18.0% EBITDA, and 7.5% net.
What are the highest historical margins of SPH?
Over the last 5 years, Suburban Propane Partners's highest margins were 28% gross in Mar 2022, 16.9% operating in Mar 2022, 21% EBITDA in Mar 2022, and 12.1% net in Jun 2022.
What are the lowest historical margins of SPH?
Over this 5-year history, Suburban Propane Partners's margins fell as low as 21.2% gross in Mar 2023, 11.3% operating in Mar 2023, 14.9% EBITDA in Mar 2023, and 5.2% net in Dec 2024.