GLP · CIK 0001323468

Global Partners LP

Annual figures as reported, FY2014–FY2025. Ratios and growth rates derived on-page.

Revenue

$8.7B

▲ +0.3% vs FY2024

Net income

$98.0M

▼ −11.2% vs FY2024

Free cash flow

$193.3M

▲ +369.7% vs FY2024

Total assets

$3.9B

▲ +1.7% vs FY2024

Revenue

Annual, as reported

Net income

Losses shown in terracotta

Recent quarters

momentum · last 12 quarters

Revenue — Mar ’26 quarter

$2.4B

▲ +9.8% vs Mar ’25

Net income — Mar ’26 quarter

$70.1M

▲ +275.4% vs Mar ’25

Revenue — trailing 12 months

$8.9B

▲ +3.1% vs Mar ’25

Quarterly revenue

Discrete quarters; Q4 derived from the annual figure

Quarterly net income

Losses shown in terracotta

Quarter	Revenue	Rev. YoY	Gross margin	Net income	Net margin	Diluted EPS
Mar ’26	$2.4B	9.8%	13.9%	$70.1M	2.9%	—
Dec ’25	$2.2B	7.0%	11.9%	$25.1M	1.1%	—
Sep ’25	$2.2B	5.0%	12.1%	$29.0M	1.3%	—
Jun ’25	$2.1B	−8.6%	13.1%	$25.2M	1.2%	—
Mar ’25	$2.2B	−1.3%	11.7%	$18.7M	0.9%	—
Dec ’24	$2.1B	−10.7%	13.0%	$23.9M	1.2%	—
Sep ’24	$2.1B	−23.9%	13.4%	$45.9M	2.1%	—
Jun ’24	$2.3B	−1.2%	12.6%	$46.1M	2.0%	—

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

Buybacks

Growth rates

compounding, annualized

Revenue CAGR

−7.9%

+13.9%

−1.7%

10y

Net income CAGR

−35.3%

−0.8%

+8.4%

10y

Free cash flow CAGR

−19.7%

−3.9%

Key ratios

derived per fiscal year

Fiscal year	Gross margin	Op. margin	Net margin	FCF margin	ROA	Current ratio
FY2025	12.2%	2.7%	1.1%	2.2%	2.5%	1.14×
FY2024	12.2%	2.9%	1.3%	−0.8%	2.9%	1.21×
FY2023	10.0%	2.5%	1.6%	4.3%	4.4%	1.12×
FY2022	9.8%	4.1%	3.2%	3.3%	11.5%	1.20×
FY2021	9.5%	1.9%	0.8%	−0.7%	2.1%	1.27×
FY2020	15.9%	4.2%	2.3%	5.2%	4.0%	1.57×
FY2019	10.1%	2.1%	0.5%	0.2%	1.3%	1.33×
FY2018	9.6%	2.9%	1.5%	1.5%	4.3%	1.50×
FY2017	6.5%	1.3%	0.7%	3.3%	2.5%	1.31×
FY2016	6.6%	−1.8%	−2.4%	−2.3%	−7.8%	1.35×
FY2015	5.8%	1.1%	0.4%	−0.3%	1.6%	1.46×
FY2014	3.2%	1.0%	0.7%	1.4%	5.8%	1.36×

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2025	$8.7B	$1.1B	$234.7M	$98.0M	—	$284.8M	$91.5M	$3.9B	$3.2B	—	$12.2M	—
FY2024	$8.7B	$1.1B	$251.2M	$110.3M	—	$31.6M	$103.3M	$3.8B	$3.1B	—	$8.2M	—
FY2023	$9.8B	$973.6M	$243.8M	$152.5M	—	$512.4M	$88.8M	$3.4B	$2.6B	—	$19.6M	—
FY2022	$11.1B	$1.1B	$460.3M	$362.2M	—	$480.0M	$106.8M	$3.2B	$2.4B	—	$4.0M	—
FY2021	$7.6B	$719.3M	$142.2M	$60.8M	—	$50.2M	$101.7M	$2.8B	$2.3B	—	$10.8M	—
FY2020	$4.5B	$721.1M	$192.3M	$102.2M	—	$312.5M	$76.3M	$2.5B	$2.0B	—	$9.7M	—
FY2019	$6.6B	$662.8M	$139.2M	$35.9M	—	$94.4M	$82.9M	$2.8B	$2.3B	—	$12.0M	—
FY2018	$6.8B	$650.4M	$197.2M	$103.9M	—	$168.9M	$69.2M	$2.4B	$1.9B	—	$8.1M	—
FY2017	$8.9B	$583.1M	$119.8M	$58.8M	—	$348.4M	$49.9M	$2.3B	$1.9B	—	$14.9M	—
FY2016	$8.2B	$546.5M	−$152.3M	−$199.4M	—	−$119.9M	$71.3M	$2.6B	$2.2B	—	$10.0M	—
FY2015	$10.3B	$597.7M	$114.7M	$43.6M	—	$62.5M	$92.9M	$2.7B	$2.0B	—	$1.1M	—
FY2014	$17.3B	$544.8M	$165.7M	$117.0M	—	$344.9M	$95.1M	$2.0B	$1.4B	—	$5.2M	—

Latest filings

the most recent regulatory filings

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Quarter

Revenue

Rev. YoY

Gross margin

Net income

Net margin

Diluted EPS

Mar ’26

$2.4B

9.8%

13.9%

$70.1M

2.9%

—

Dec ’25

$2.2B

7.0%

11.9%

$25.1M

1.1%

—

Sep ’25

$2.2B

5.0%

12.1%

$29.0M

1.3%

—

Jun ’25

$2.1B

−8.6%

13.1%

$25.2M

1.2%

—

Mar ’25

$2.2B

−1.3%

11.7%

$18.7M

0.9%

—

Dec ’24

$2.1B

−10.7%

13.0%

$23.9M

1.2%

—

Sep ’24

$2.1B

−23.9%

13.4%

$45.9M

2.1%

—

Jun ’24

$2.3B

−1.2%

12.6%

$46.1M

2.0%

—

Fiscal year

Gross margin

Op. margin

Net margin

FCF margin

ROA

Current ratio

FY2025

12.2%

2.7%

1.1%

2.2%

2.5%

1.14×

FY2024

12.2%

2.9%

1.3%

−0.8%

2.9%

1.21×

FY2023

10.0%

2.5%

1.6%

4.3%

4.4%

1.12×

FY2022

9.8%

4.1%

3.2%

3.3%

11.5%

1.20×

FY2021

9.5%

1.9%

0.8%

−0.7%

2.1%

1.27×

FY2020

15.9%

4.2%

2.3%

5.2%

4.0%

1.57×

FY2019

10.1%

2.1%

0.5%

0.2%

1.3%

1.33×

FY2018

9.6%

2.9%

1.5%

4.3%

1.50×

FY2017

6.5%

1.3%

0.7%

3.3%

2.5%

1.31×

FY2016

6.6%

−1.8%

−2.4%

−2.3%

−7.8%

1.35×

FY2015

5.8%

1.1%

0.4%

−0.3%

1.6%

1.46×

FY2014

3.2%

1.0%

0.7%

1.4%

5.8%

1.36×

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2025

$8.7B

$1.1B

$234.7M

$98.0M

—

$284.8M

$91.5M

$3.9B

$3.2B

—

$12.2M

—

FY2024

$8.7B

$1.1B

$251.2M

$110.3M

—

$31.6M

$103.3M

$3.8B

$3.1B

—

$8.2M

—

FY2023

$9.8B

$973.6M

$243.8M

$152.5M

—

$512.4M

$88.8M

$3.4B

$2.6B

—

$19.6M

—

FY2022

$11.1B

$1.1B

$460.3M

$362.2M

—

$480.0M

$106.8M

$3.2B

$2.4B

—

$4.0M

—

FY2021

$7.6B

$719.3M

$142.2M

$60.8M

—

$50.2M

$101.7M

$2.8B

$2.3B

—

$10.8M

—

FY2020

$4.5B

$721.1M

$192.3M

$102.2M

—

$312.5M

$76.3M

$2.5B

$2.0B

—

$9.7M

—

FY2019

$6.6B

$662.8M

$139.2M

$35.9M

—

$94.4M

$82.9M

$2.8B

$2.3B

—

$12.0M

—

FY2018

$6.8B

$650.4M

$197.2M

$103.9M

—

$168.9M

$69.2M

$2.4B

$1.9B

—

$8.1M

—

FY2017

$8.9B

$583.1M

$119.8M

$58.8M

—

$348.4M

$49.9M

$2.3B

$1.9B

—

$14.9M

—

FY2016

$8.2B

$546.5M

−$152.3M

−$199.4M

—

−$119.9M

$71.3M

$2.6B

$2.2B

—

$10.0M

—

FY2015

$10.3B

$597.7M

$114.7M

$43.6M

—

$62.5M

$92.9M

$2.7B

$2.0B

—

$1.1M

—

FY2014

$17.3B

$544.8M

$165.7M

$117.0M

—

$344.9M

$95.1M

$2.0B

$1.4B

—

$5.2M

—