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Martin Midstream Partners L.p. key statistics and ratios

In fiscal 2025, Martin Midstream Partners L.p. had a net margin of -2.1%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Net margin3.4%3.1%1.8%6.8%−0.8%−0.7%3.7%3.8%2.0%5.5%−20.7%−1.0%−0.0%−1.0%−0.6%−0.7%−2.1%−1.4%
Return on assets—3.5%2.5%9.8%−1.3%−0.9%2.6%2.4%1.6%4.8%−20.1%−1.1%−0.0%−1.8%−0.8%−1.0%−2.8%−2.1%
Effective tax rate2.6%11.9%17.7%8.7%——2.7%2.6%——29.6%———————
SG&A as % of revenue3.0%1.9%1.6%1.7%1.8%2.2%3.5%4.1%4.0%3.8%4.9%6.1%4.6%4.1%5.1%6.9%5.9%5.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 5 checks passed · September 30, 2026
What it owns · $564m
Short-term assets $186mLonger-term assets $378m
What it owes, and who funded it · $659m
Short-term liabilities $137mLonger-term liabilities $521m
  • Short-term assets cover short-term liabilities $186m of assets due within a year against $137m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $186m short-term assets against $521m of longer-dated liabilities.
  • More cash than debt $48,000 of cash against $477m of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $16m of operating cash flow against $477m of debt.
  • Operating profit covers interest at least five times over Operating income of $50m against $58m of interest.

From Martin Midstream Partners L.p.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

64 /100

Moderate moat

How hard Martin Midstream Partners's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 50.9% of total assets over 9 years.

  • Pricing power 11 / 20

    Gross margin has been a median 46.1%, moving by 7.3 percentage points (standard deviation) across 9 years.

  • Durability 11 / 20

    Operating margin has been a median 6.2%; its worst year was 5.6%.

  • Cash conversion 10 / 20

    Free cash flow was positive in 8 of 10 years, at a median 4.0% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Martin Midstream Partners L.p.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Martin Midstream Partners L.p.