Is SPH a good stock to buy right now?

Based on our 6-factor quantitative model, SUBURBAN PROPANE PARTNERS LP (SPH) receives a "Reduce" rating with a composite score of 34.5/100. It is ranked #2,578 out of 4,446 stocks. Key factor scores: Quality 10/100, Value 51/100, Momentum 44/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for SPH?

SUBURBAN PROPANE PARTNERS LP (SPH) has a "Reduce" rating and 2-star score. The composite score of 34.5 ranks it #2,578 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is SPH in?

SUBURBAN PROPANE PARTNERS LP operates in the Consumer Discretionary sector (Retail industry) with a market cap of $1.33 billion. It is classified as a small-cap stock.

Does SPH pay a dividend?

Yes, SPH pays a dividend with a current yield of 7.11%. For every $1,000 invested, you would receive approximately $71.10 in annual dividend income.

What is SPH's P/E ratio?

SPH has a trailing P/E ratio of 7.09x. The Consumer Discretionary sector average is 24.5x. This below-average P/E may indicate the stock is undervalued.

How profitable is SPH?

SPH's quality factor score is 10/100. Gross margin: 61.4%. ROE: 29.9% vs sector average 6.2%. High margins suggest pricing power and competitive moats.

How is SPH valued compared to peers?

SPH's value factor score is 51/100 (higher = cheaper). Key multiples: P/E 7.1x, EV/EBITDA 9.1x. Valuation is roughly in line with peers.

What is SPH's debt level?

SPH's debt-to-equity ratio is 211%. Sector average: 89%. Elevated leverage increases credit risk.

SPH has a beta of 0.40, meaning it is less volatile than the market. Stability score: 91/100.

Does SPH have high short interest?

SPH's short interest factor score is 15/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

SPH Stock Analysis: Top Small-Cap Reduce (Score 34.5/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
SPH	-1.40%	+0.61%	-3.76%	+6.42%	+1.54%	-	-	-
Industry Proxy XLY	+0.13%	+4.38%	-1.35%	-5.46%	-39.92%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	-1.33%	-2.99%	-4.09%	+6.78%	-27.98%	-	-	-
Alpha vs Sector	-1.53%	-3.77%	-2.40%	+11.88%	+41.46%	-	-	-

Metric	SPH	Benchmark
P/E Ratio	7.1x	-71%
EV/EBITDA	9.1x	+86%
Price / Book	2.1x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
CASY CASEYS GENERAL STORES INC	57	50	68	67	42.2x	16.9%	24.0%	3.8%	0.3%	123.0x	$27.2B	VS
TGT TARGET CORP	53	50	70	56	16.2x	20.7%	28.4%	3.4%	-0.7%	89.0x	$54.5B	VS
APEI AMERICAN PUBLIC EDUCATION INC	53	49	58	72	78.3x	4.6%	52.8%	2.1%	6.8%	32.0x	$1.1B	VS
LINC LINCOLN EDUCATIONAL SERVICES CORP	52	50	48	75	116.7x	5.6%	59.2%	2.3%	37.4%	147.0x	$1.3B	VS
FIVE FIVE BELOW, INC	52	50	56	73	105.5x	5.4%	32.5%	3.1%	26.5%	125.0x	$13.0B	VS
IMKTA INGLES MARKETS INC	51	50	51	62	17.4x	6.2%	23.9%	1.9%	0.4%	57.0x	$1.7B	VS
PRDO PERDOCEO EDUCATION Corp	51	50	70	57	14.2x	16.7%	100.0%	20.4%	27.1%	28.0x	$2.4B	VS
MCRI MONARCH CASINO & RESORT INC	51	50	66	47	16.7x	19.7%	24.5%	19.4%	11.5%	33.0x	$1.7B	VS
FCFS FirstCash Holdings, Inc.	49	50	29	66	34.7x	10.8%	50.2%	8.0%	26.6%	98.0x	$8.4B	VS
ESCA ESCALADE INC	48	50	65	51	15.2x	9.0%	26.1%	6.2%	8.4%	11.0x	$249M	VS
SPH SUBURBAN PROPANE PARTNERS LP	35	10	51	44	7.1x	29.9%	61.4%	8.8%	45.5%	211.0x	$1.3B

Key Ratio	TTM	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Gross Margin %	0.6%	0.6%	0.6%	0.6%	0.6%	0.5%	0.6%	0.7%	0.6%	0.6%	0.6%
Operating Margin %	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%	0.2%	0.1%	0.1%	0.1%	0.1%
EBITDA Margin %	0.2%	0.2%	0.1%	0.1%	0.1%	0.1%	0.2%	0.2%	0.2%	0.2%	0.2%
Net Margin %	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.0%
FCF Margin %	-	-	-	-	-	-	-	16.0%	15.1%	13.2%	10.1%
ROE %	0.3%	0.1%	0.2%	0.1%	0.2%	0.3%	0.3%	0.2%	0.2%	0.2%	0.1%
ROA %	0.1%	0.0%	0.0%	0.0%	0.1%	0.1%	0.1%	0.0%	0.0%	0.0%	0.0%
ROIC %	0.1%	2.7%	9.0%	7.7%	9.4%	10.4%	10.9%	7.1%	7.2%	7.4%	5.6%

Key Ratio

TTM

2026

2025

2024

2023

2022

2021

2020

2019

2018

2017

Gross Margin %

0.6%

0.5%

0.6%

0.7%

0.6%

Operating Margin %

0.2%

0.1%

0.2%

0.1%

EBITDA Margin %

0.2%

0.1%

0.2%

Net Margin %

0.1%

0.0%

FCF Margin %

16.0%

15.1%

13.2%

10.1%

ROE %

0.3%

0.1%

0.2%

0.1%

0.2%

0.3%

0.2%

0.1%

ROA %

0.1%

0.0%

0.1%

0.0%

ROIC %

0.1%

2.7%

9.0%

7.7%

9.4%

10.4%

10.9%

7.1%

7.2%

7.4%

5.6%

Line Item	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
	$1.6B	$1.4B	$1.3B	$1.4B	$1.5B	$1.3B	$1.1B	$1.3B	$1.3B	$1.2B	$1.0B	$1.4B
	—	$564M	$522M	$590M	$712M	$485M	—	—	—	—	—	—
	$972M	$869M	$805M	$839M	$789M	$803M	$725M	$746M	$752M	$711M	$684M	$824M
Gross Margin	61.4%	60.7%	60.7%	58.7%	52.6%	62.3%	65.4%	58.8%	55.9%	59.9%	65.4%	58.1%
	—	—	—	—	—	—	$117M	$121M	$125M	$128M	$130M	$133M
Total Operating Expenses	—	$663M	$634M	$632M	$583M	$590M	—	—	—	—	—	—
	$291M	$206M	$171M	$207M	$206M	$213M	$140M	$151M	$163M	$129M	$81M	$178M
EBIT	$291M	$206M	$171M	$207M	$206M	$213M	$140M	$151M	$163M	$129M	$81M	$178M
EBITDA	$291M	$206M	$171M	$207M	$206M	$213M	$252M	$267M	$279M	$243M	$220M	$311M
Operating Margin	15.8%	14.4%	12.9%	14.5%	13.7%	16.6%	12.7%	11.9%	12.1%	10.8%	7.7%	12.5%
EBITDA Margin	18.3%	14.4%	12.9%	14.5%	13.7%	16.5%	22.8%	21.1%	20.7%	20.5%	21.0%	22.0%
	—	$76M	$75M	$73M	$61M	$68M	$75M	$77M	$77M	$77M	$75M	$93M
	—	$108M	$75M	$124M	$140M	$124M	—	—	—	—	—	—
Income Tax Expense	—	$1M	$734K	$668K	$429K	$1M	-$146K	$857K	-$606K	$459K	$588K	$700K
	$187M	$107M	$74M	$124M	$140M	$123M	$61M	$69M	$77M	$38M	$14M	$84M
Net Margin	8.8%	7.4%	5.6%	8.7%	9.3%	9.5%	5.5%	5.4%	5.7%	3.2%	1.4%	5.9%
	$0.69	$1.64	$1.15	$1.94	$2.21	$1.96	$0.98	$1.11	$1.24	$0.62	$0.24	$1.39
Diluted EPS	$0.69	$1.62	$1.14	$1.92	$2.18	$1.94	$0.98	$1.11	$1.24	$0.62	$0.24	$1.39
Weighted Avg Basic	—	65M	64M	64M	63M	63M	—	—	—	—	—	—
Weighted Avg Diluted	—	66M	65M	64M	64M	63M	—	—	—	—	—	—

Line Item

TTM

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

$1.6B

$1.4B

$1.3B

$1.4B

$1.5B

$1.3B

$1.1B

$1.3B

$1.2B

$1.0B

$1.4B

—

$564M

$522M

$590M

$712M

$485M

—

$972M

$869M

$805M

$839M

$789M

$803M

$725M

$746M

$752M

$711M

$684M

$824M

Gross Margin

61.4%

60.7%

58.7%

52.6%

62.3%

65.4%

58.8%

55.9%

59.9%

65.4%

58.1%

—

$117M

$121M

$125M

$128M

$130M

$133M

Total Operating Expenses

—

$663M

$634M

$632M

$583M

$590M

—

$291M

$206M

$171M

$207M

$206M

$213M

$140M

$151M

$163M

$129M

$81M

$178M

EBIT

$291M

$206M

$171M

$207M

$206M

$213M

$140M

$151M

$163M

$129M

$81M

$178M

EBITDA

$291M

$206M

$171M

$207M

$206M

$213M

$252M

$267M

$279M

$243M

$220M

$311M

Operating Margin

15.8%

14.4%

12.9%

14.5%

13.7%

16.6%

12.7%

11.9%

12.1%

10.8%

7.7%

12.5%

EBITDA Margin

18.3%

14.4%

12.9%

14.5%

13.7%

16.5%

22.8%

21.1%

20.7%

20.5%

21.0%

22.0%

—

$76M

$75M

$73M

$61M

$68M

$75M

$77M

$75M

$93M

—

$108M

$75M

$124M

$140M

$124M

—

Income Tax Expense

—

$1M

$734K

$668K

$429K

$1M

-$146K

$857K

-$606K

$459K

$588K

$700K

$187M

$107M

$74M

$124M

$140M

$123M

$61M

$69M

$77M

$38M

$14M

$84M

Net Margin

8.8%

7.4%

5.6%

8.7%

9.3%

9.5%

5.5%

5.4%

5.7%

3.2%

1.4%

5.9%

$0.69

$1.64

$1.15

$1.94

$2.21

$1.96

$0.98

$1.11

$1.24

$0.62

$0.24

$1.39

Diluted EPS

$0.69

$1.62

$1.14

$1.92

$2.18

$1.94

$0.98

$1.11

$1.24

$0.62

$0.24

$1.39

Weighted Avg Basic

—

65M

64M

63M

—

Weighted Avg Diluted

—

66M

65M

64M

63M

—

SUBURBAN PROPANE PARTNERS LP (SPH) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does SUBURBAN PROPANE PARTNERS LP Do?

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users. It offers propane primarily for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces, as a cutting gas to the industrial customers, and in other process applications; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets. The Fuel Oil and Refined Fuels segment engages in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers for use primarily as a source of heat in homes and buildings. The Natural Gas and Electricity segment markets natural gas and electricity to residential and commercial customers in the deregulated energy markets in New York and Pennsylvania. The All Other segment sells, installs, and services a range of home comfort equipment, including whole-house heating products, air cleaners, humidifiers, and space heaters. As of September 25, 2021, the company served approximately 1.0 million residential, commercial, industrial, and agricultural customers through 700 locations in 41 states primarily in the east and west coast regions of the United States, as well as portions of the Midwest region of the United States and Alaska. Suburban Energy Services Group LLC serves as a general partner of Suburban Propane Partners, L.P. The company was founded in 1945 and is headquartered in Whippany, New Jersey. SUBURBAN PROPANE PARTNERS LP (SPH) is classified as a small-cap stock in the Consumer Discretionary sector, specifically within the Retail industry. The company is led by CEO Michael A. Stivala and employs approximately 3,170 people, headquartered in Whippany, New Jersey. With a market capitalization of $1.3B, SPH is one of the notable companies in the Consumer Discretionary sector.

SUBURBAN PROPANE PARTNERS LP (SPH) Stock Rating — Reduce (April 2026)

As of April 2026, SUBURBAN PROPANE PARTNERS LP receives a Reduce rating with a composite score of 34.5/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.SPH ranks #2,578 out of 4,446 stocks in our coverage universe. Within the Consumer Discretionary sector, SUBURBAN PROPANE PARTNERS LP ranks #267 of 442 stocks, placing it in the lower half of its Consumer Discretionary peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

SPH Stock Price and 52-Week Range

SUBURBAN PROPANE PARTNERS LP (SPH) currently trades at $19.73. The stock lost $0.28 (1.4%) in the most recent trading session. The 52-week high for SPH is $21.72, which means the stock is currently trading -9.2% from its annual peak. The 52-week low is $17.30, putting the stock 14.0% above its annual trough. Recent trading volume was 57K shares, suggesting relatively thin trading activity.

Is SPH Overvalued or Undervalued? — Valuation Analysis

SUBURBAN PROPANE PARTNERS LP (SPH) carries a value factor score of 51/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 7.09x, compared to the Consumer Discretionary sector average of 24.47x — a discount of 71%. The price-to-book ratio stands at 2.12x, versus the sector average of 1.99x. The price-to-sales ratio is 0.84x, compared to 0.27x for the average Consumer Discretionary stock. On an enterprise value basis, SPH trades at 9.12x EV/EBITDA, versus 4.91x for the sector.

Overall, SPH's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

SUBURBAN PROPANE PARTNERS LP Profitability — ROE, Margins, and Quality Score

SUBURBAN PROPANE PARTNERS LP (SPH) earns a quality factor score of 10/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 29.9%, compared to the Consumer Discretionary sector average of 6.2%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 7.8% versus the sector average of 2.5%.

On a margin basis, SUBURBAN PROPANE PARTNERS LP reports gross margins of 61.4%, compared to 36.9% for the sector. The operating margin is 15.8% (sector: 3.8%). Net profit margin stands at 8.8%, versus 2.1% for the average Consumer Discretionary stock. Revenue growth is running at 45.5% on a trailing basis, compared to 3.3% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

SPH Debt, Balance Sheet, and Financial Health

SUBURBAN PROPANE PARTNERS LP has a debt-to-equity ratio of 211.0%, compared to the Consumer Discretionary sector average of 89.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 0.87x, which may signal near-term liquidity tightness. Total debt on the balance sheet is $1.32B.

SPH has a beta of 0.40, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for SUBURBAN PROPANE PARTNERS LP is 91/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.

SUBURBAN PROPANE PARTNERS LP Revenue and Earnings History — Quarterly Trend

In TTM 2026, SUBURBAN PROPANE PARTNERS LP reported revenue of $1.59B and earnings per share (EPS) of $0.69. Net income for the quarter was $187M. Gross margin was 61.4%. Operating income came in at $291M.

In Q1 2026, SUBURBAN PROPANE PARTNERS LP reported revenue of $370M and earnings per share (EPS) of $0.69. Net income for the quarter was $46M. Gross margin was 64.7%. Revenue grew -0.8% year-over-year compared to Q1 2025. Operating income came in at $68M.

In FY 2025, SUBURBAN PROPANE PARTNERS LP reported revenue of $1.43B and earnings per share (EPS) of $1.64. Net income for the quarter was $107M. Gross margin was 60.7%. Revenue grew 7.9% year-over-year compared to FY 2024. Operating income came in at $206M.

In Q3 2025, SUBURBAN PROPANE PARTNERS LP reported revenue of $260M and earnings per share (EPS) of $-0.23. Net income for the quarter was $-15M. Gross margin was 61.7%. Revenue grew 2.2% year-over-year compared to Q3 2024. Operating income came in at $6M.

Over the past 8 quarters, SUBURBAN PROPANE PARTNERS LP has demonstrated a growth trajectory, with revenue expanding from $255M to $1.59B. Investors analyzing SPH stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

SPH Dividend Yield and Income Analysis

SUBURBAN PROPANE PARTNERS LP (SPH) currently pays a dividend yield of 7.1%. At this yield, a $10,000 investment in SPH stock would generate approximately $$711.00 in annual dividend income. The net margin of 8.8% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.

SPH Momentum and Technical Analysis Profile

SUBURBAN PROPANE PARTNERS LP (SPH) has a momentum factor score of 44/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 23/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 15/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

SPH vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison

Within the Consumer Discretionary sector, SUBURBAN PROPANE PARTNERS LP (SPH) ranks #267 out of 442 stocks based on the Blank Capital composite score. This places SPH in the lower half of all Consumer Discretionary stocks in our coverage universe. Key competitors and sector peers include MONARCH CASINO & RESORT INC (MCRI) with a score of 50.5/100, CASEYS GENERAL STORES INC (CASY) with a score of 57.3/100, INGLES MARKETS INC (IMKTA) with a score of 51.0/100, FIVE BELOW, INC (FIVE) with a score of 51.6/100, and TARGET CORP (TGT) with a score of 52.6/100.

Comparing SPH against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SPH vs S&P 500 (SPY) comparison to assess how SUBURBAN PROPANE PARTNERS LP stacks up against the broader market across all factor dimensions.

SPH Next Earnings Date

No upcoming earnings date has been announced for SUBURBAN PROPANE PARTNERS LP (SPH) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy SPH? — Investment Thesis Summary

The quantitative profile for SUBURBAN PROPANE PARTNERS LP suggests caution. The quality score of 10/100 flags below-average profitability. Low volatility (stability score 91/100) reduces downside risk.

In summary, SUBURBAN PROPANE PARTNERS LP (SPH) earns a Reduce rating with a composite score of 34.5/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SPH stock.

Related Resources for SPH Investors

Explore more research and tools: SPH vs S&P 500 comparison, top Consumer Discretionary stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SPH head-to-head with peers: SPH vs MCRI, SPH vs CASY, SPH vs IMKTA.

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SUBURBAN PROPANE PARTNERS LP (SPH) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does SUBURBAN PROPANE PARTNERS LP Do?

SUBURBAN PROPANE PARTNERS LP (SPH) Stock Rating — Reduce (April 2026)

SPH Stock Price and 52-Week Range

Is SPH Overvalued or Undervalued? — Valuation Analysis

SUBURBAN PROPANE PARTNERS LP Profitability — ROE, Margins, and Quality Score

SPH Debt, Balance Sheet, and Financial Health

SUBURBAN PROPANE PARTNERS LP Revenue and Earnings History — Quarterly Trend

SPH Dividend Yield and Income Analysis

SPH Momentum and Technical Analysis Profile

SPH vs Competitors — Consumer Discretionary Sector Ranking and Peer Comparison

SPH Next Earnings Date

Should You Buy SPH? — Investment Thesis Summary

Related Resources for SPH Investors

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A Look At Suburban Propane Partners (SPH) Valuation After Expanded NASCAR Partnership

Propane Is Spiking, Piling Another Pain Point Onto US Consumers

Does Suburban Propane’s Expanded NASCAR Footprint Reveal a Deeper Brand Strategy for SPH?

Assessing Suburban Propane Partners (SPH) Valuation After Expanded Nationwide NASCAR Partnership

Is Expanded NASCAR Event Coverage Altering The Investment Case For Suburban Propane Partners (SPH)?