Suburban Propane Partners Lp's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Suburban Propane Partners Lp (SPH) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Suburban Propane Partners Lp vs Its Competitors
- TTM: Trailing 12-month revenue of 1,394M vs 5,405M combined for its competitors (20.5% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-25.0% annualized vs trailing 12 months), vs holding steady (-0.8%) for its tracked peer group.
- Growth: Suburban Propane Partners Lp generated 0.5% revenue growth year over year in Q3 2026, vs 44.5% for its competitors combined.
- Profitability: Its -6.7% net margin compares with 3.9% for the peer group.
- Scale: Suburban Propane Partners Lp ranks #16 of 58 companies by market capitalization in the Specialty Retail industry, holding 0.9% of industry market cap.
- Peer revenue share: Suburban Propane Partners Lp accounted for 16.3% of combined revenue among its tracked peer group, down from 21.9% a year earlier.
- Peer differentiation: Revenue per employee of $0.42M compares with $0.79M for the peer group (0.5x).
- Structure: Suburban Propane Partners Lp operates in the following segments: Propane, Fuel Oil and Refined Fuels, All Other Segments, Natural Gas and Electricity.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
SPH Sales vs. its Competitors, Q3 2026
Suburban Propane Partners Lp reported revenue growth of 0.47 % year on year in Q3 2026, below its competitors' combined revenue growth of 44.53 %.
With a net margin of -6.71 %, Suburban Propane Partners Lp reported lower profitability than its competitors (3.91 %).
Suburban Propane Partners Lp generated 16.32 % of the combined sales of its peer group, down from 21.91 % a year earlier.
API endpoints for this dataset
Suburban Propane Partners Lp vs. its Competitors, Q3 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Suburban Propane Partners Lp reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Suburban Propane Partners Lp and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Suburban Propane Partners Lp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Suburban Propane Partners Lp's competitor groups requires a Commercial License.
For context: the Specialty Retail industry grew revenue 16.4% year over year, combined, vs 0.5% for Suburban Propane Partners Lp. Suburban Propane Partners Lp's share of combined industry revenue moved from 0.12% to 0.11%, a loss of 0.02 percentage points.
Suburban Propane Partners Lp's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Suburban Propane Partners Lp | Yes | No | No | No |
| Competitors combined (4) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 85.70 % (6 of 7) | 50.00 % (4 of 8) | 50.00 % (4 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
SPH Stock Performance relative to its Competitors
SPH Stock Performance relative to Similar-Size Competitors
SPH Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Ngl Energy Partners Lp | 282.9% | Outperformed |
| 2 | Star Group L p | 282.9% | Outperformed |
| 3 | Onemain Holdings Inc | 282.9% | Outperformed |
| 4 | Ferrellgas Partners L P | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Suburban Propane Partners Lp's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Suburban Propane Partners Lp's Comment on Competition and Industry Peers
Publicly Traded Peers of Suburban Propane Partners Lp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Suburban Propane Partners Lp |
1,145.56 | 1,394.35 |
 Onemain Holdings Inc |
6,577.82 | 2,975.00 |
 Star Group L p |
432.77 | 1,880.87 |
 Ferrellgas Partners L P |
3.04 | 1,864.79 |
 Ngl Energy Partners Lp |
- | 3,524.00 |
| SUBTOTAL | 8,159.19 | 11,639.00 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Suburban Propane Partners Lp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Suburban Propane Partners Lp's Competitors Named by the Company
Competitive relationships identified from Suburban Propane Partners Lp reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Star Group L p | Company report | 85% |
| Ferrellgas Partners L P | Company report | 85% |
| Crestwood Equity Partners Lp | Company report | 85% |
| Ngl Energy Partners Lp | Company report | 85% |
Company report basis, confidence, active dates and source counts for Suburban Propane Partners Lp's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Suburban Propane Partners Lp's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Suburban Propane Partners Lp | Propane 89.10 % |
| Ferrellgas Partners L P | Propane operation and related equipment sales segment 100.00 % |
| Ngl Energy Partners Lp | Crude Oil Logistics 41.95 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Suburban Propane Partners Lp's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Suburban Propane Partners Lp | 1,146 | 417,344 | 39,108 |
| Onemain Holdings Inc | 6,578 | 319,892 | 85,591 |
| Star Group L p | 433 | 621,981 | 28,997 |
| Ferrellgas Partners L P | 3 | - | - |
| Ngl Energy Partners Lp | - | 6,193,313 | -226,232 |
| PEERS TOTAL | 7,014 | 794,591 | 48,872 |
Suburban Propane Partners Lp's Position in Industry Market Structure
Market-capitalization share and concentration across all 54 companies in Suburban Propane Partners Lp's industry classification, broader than the peer set above. Market cap in millions of $.Suburban Propane Partners Lp ranks #16 of 54 companies by market capitalization in its industry, holding 0.87 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,718, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Jd com Inc | 42,588 | 32.51 % |
| 2 | Ulta Beauty Inc | 28,346 | 21.64 % |
| 3 | Dick s Sporting Goods inc | 12,731 | 9.72 % |
| 4 | Firstcash Holdings Inc | 8,176 | 6.24 % |
| 5 | Signet Jewelers Limited | 1,234 | 5.2% |
| 6 | Academy Sports And Outdoors Inc | 1,234 | 5.2% |
| 7 | Bath and Body Works Inc | 1,234 | 5.2% |
| 8 | Bobs Discount Furniture Inc | 1,234 | 5.2% |
| 9 | Rh | 1,234 | 5.2% |
| 10 | Ezcorp Inc | 1,234 | 5.2% |
| 16 | Suburban Propane Partners Lp | 1,146 | 0.87 % |
Market cap and industry share for the rest of Suburban Propane Partners Lp's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Suburban Propane Partners Lp's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 11 | Yunji Inc | 2,207 | -34.50 % |
| 12 | Arhaus Inc | 2,012 | 36.37 % |
| 13 | Sally Beauty Holdings Inc | 1,793 | 28.93 % |
| 14 | Savers Value Village Inc | 1,566 | 19.88 % |
| 15 | Therealreal Inc | 1,234 | 12.3% |
| 16 | Suburban Propane Partners Lp | 1,146 | -5.63 % |
| 17 | Gold com Inc | 1,234 | 12.3% |
| 18 | Winmark Corporation | 1,234 | 12.3% |
| 19 | Petco Health And Wellness Company Inc | 1,234 | 12.3% |
| 20 | Titan Machinery Inc | 1,234 | 12.3% |
| 21 | Arko Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Suburban Propane Partners Lp's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Suburban Propane Partners Lp's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Specialty Retail industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (102 companies). See the full Specialty Retail industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.63 % | 31.43 % (avg) | -30.8 pp |
| Operating Margin | 0.15 % | industry median | +0.0 pp |
| EBITDA Margin | 0.20 % | -2.63 % (avg) | +2.8 pp |
| Capital Intensity (Capex / Revenue) | - | 3.07 % (avg) | - |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Suburban Propane Partners Lp's Valuation vs Competitive Position
Valuation multiples vs the Specialty Retail industry average (102 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Specialty Retail industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 9.8x | 31.2x | -21.4x |
| EV / EBITDA | 7.6x | 9.3x | -1.7x |
| P/B | 1.9x | 3.4x | -1.5x |
| Return on Equity | 0.19 % | industry aggregate | -608.28 % |
| Return on Invested Capital | 0.11 % | 0.67 % (avg) | -0.56 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Suburban Propane Partners Lp's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 8.39 % | -9.18 % | -11.86 % | 25.92 % | 12.11 % | -8.27 % | -4.50 % | 7.11 % |
| Operating Margin | 10.84 % | 13.24 % | 12.80 % | 14.19 % | 15.19 % | 13.83 % | 13.60 % | 15.03 % |
| Return on Invested Capital | 4.79 % | 5.67 % | 5.14 % | 7.08 % | - | - | 5.52 % | 6.33 % |
| P/E | 20.1x | 17.5x | 16.4x | 8.8x | 6.1x | 10.6x | 17.4x | 9.3x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Suburban Propane Partners Lp's Strategic Group Map
Suburban Propane Partners Lp is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Suburban Propane Partners Lp's trailing-12-month revenue growth of -2.5% and operating margin of 0.1% compares with an average of -1.4% growth and 1.6% margin across its 8 closest peers by combined growth, margin and ROIC -- Suburban Propane Partners Lp sits below that peer average on growth and below it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Suburban Propane Partners Lp's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Suburban Propane Partners Lp falls in the Dog quadrant: relative market share of 0.03x vs its largest competitor, in an industry growing revenue -1.3% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Suburban Propane Partners Lp's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,718 (see Industry Market Structure & Concentration above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Suburban Propane Partners Lp's dedicated Suppliers and Customers pages, not here.
Suburban Propane Partners Lp's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Suburban Propane Partners Lp falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Suburban Propane Partners Lp's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Return on equity 608.3 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-25.0% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.03x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Suburban Propane Partners Lp's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Suburban Propane Partners Lp | 0.01 | 0.72 | 1.85 |
| Onemain Holdings Inc | 1.38 | 40.44 | 6.64 |
| Star Group L p | 0.06 | 0.88 | 0.62 |
| Ferrellgas Partners L P | - | 0.77 | - |
| Ngl Energy Partners Lp | 0.01 | 1.18 | 4.16 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Suburban Propane Partners Lp's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Suburban Propane Partners Lp | Q2 2026 | +0.5 % | - |
| Onemain Holdings Inc | Q1 2026 | +9.5 % | +6.1 % |
| Star Group L p | Q2 2026 | +14.8 % | - |
| Ferrellgas Partners L P | Q1 2026 | -6.5 % | -52.7 % |
| Ngl Energy Partners Lp | Q2 2026 | +59.1 % | +15.0 % |
| PEERS TOTAL | +18.0 % | -7.1 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Suburban Propane Partners Lp's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Suburban Propane Partners Lp | Q2 2026 | +1.5 % | +46.2 % |
| Onemain Holdings Inc | Q1 2026 | +2.0 % | - |
| Star Group L p | Q2 2026 | +139.5 % | -35.1 % |
| Ferrellgas Partners L P | Q1 2026 | -14.0 % | +4.1 % |
| Ngl Energy Partners Lp | Q2 2026 | +78.8 % | +391.5 % |
Suburban Propane Partners Lp's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Suburban Propane Partners Lp | 5.57% | 4.64% | 19.69% |
| Onemain Holdings Inc | 2.95% | 2.95% | 23.62% |
| Star Group L p | 8.66% | 14.76% | 28.93% |
| Ferrellgas Partners L P | - | - | - |
| Ngl Energy Partners Lp | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Suburban Propane Partners Lp's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Suburban Propane Partners Lp | 8.81 | 0.82 |
| Onemain Holdings Inc | 8.36 | 2.21 |
| Star Group L p | 7.07 | 0.23 |
| Ferrellgas Partners L P | - | 0.00 |
| Ngl Energy Partners Lp | - | - |
| PEERS AVERAGE | 10.73 | 0.70 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.