# SUBURBAN PROPANE PARTNERS LP (SPH) · Edgar & Edgarette company card

> Suburban Propane Partners (SPH) grew revenue 7.9% in FY2025 to $1.4 billion, operating margin 14.4% against a 4.7% median for miscellaneous retail. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1005210 · fiscal year ended 2025-09-27 · 5 audited years read · [page](https://www.pops4.com/boards/company/SPH) · [JSON](https://www.pops4.com/boards/company/SPH.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $1.4B |
| Revenue growth, 1 year | 7.9% |
| Revenue growth per year | 2.7% |
| Operating margin | 14.4% (prior year 12.9%) |
| Net margin | 7.4% |
| Operating cash flow | $186M |
| Capital spending | $72M |
| Free cash flow | $114M |
| Cash | $405,000 |
| Long-term debt | $1.2B |
| Total assets | $2.3B |
| Total equity | — |
| Equity ÷ assets | — |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 7 of 9 (solid)
- Health Harbor boat: Sound ship · one warning sign · slow and jumpy: growing slower than its size class, with revenue that swings more
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $1.4B (FY2025), total debt $1.2B. Experience: revenue up 7.9% on the year, up 2.7% a year over 4 years; operating margin 14.4%, up from 12.9%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.3B and $1.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $1.1B to $1.8B. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, retail-miscellaneous retail): operating margin 14.4% against a 4.7% median; growth 7.9% against 7.9%.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-10-22 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1005210/000119312526428351/0001193125-26-428351-index.htm)
- 8-K · filed 2026-10-21 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1005210/000119312526427887/0001193125-26-427887-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1005210/000100521026000011/0001005210-26-000011-index.htm)
- 8-K · filed 2026-08-06 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1005210/000100521026000010/0001005210-26-000010-index.htm)
- 8-K · filed 2026-07-23 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1005210/000100521026000006/0001005210-26-000006-index.htm)
- 8-K · filed 2026-07-22 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1005210/000100521026000004/0001005210-26-000004-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001005210.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1005210

## Cite

POPS4, Edgar & Edgarette: SUBURBAN PROPANE PARTNERS LP (SPH) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/SPH. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.