Martin Midstream Partners L.p. vs Summit Midstream
Martin Midstream Partners L.p. is the larger business, with $716m of revenue in fiscal 2025 against $562m for Summit Midstream (1.3 times as much). Summit Midstream grew faster (30.8% against 1.2%). Summit Midstream kept more of each dollar of sales as profit: a net margin of -1.1% against -2.1%.
| Latest fiscal year | Martin Midstream Partners L.p.MMLP, 2025 | Summit MidstreamSMC, 2025 |
|---|---|---|
| Revenue | $716m | $562m |
| Revenue growth | 1.2% | 30.8% |
| Net income | −$14.7m | −$5.9m |
| Operating margin | — | — |
| Net margin | -2.1% | -1.1% |
| Return on equity | — | -1.2% |
| Free cash flow | $21.4m | $44.6m |
| Cash | $49,000 | $9.3m |
| Total debt | $428m | $1.05bn |
| Debt to equity | — | 193.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 296 |
| Market value | $73.4m | $420m |
| Price vs our value range | Below our value range | — |
| Moat score | 64 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 3 sales |