Company Analysis

Global Partners LP (GLP)

NYSE: GLP · Wholesale-Petroleum Bulk Stations & Terminals · Waltham, MA · filing with the SEC since 2005
Grade5.4
◀ Past 5.4● Present 5.6▶ Future 5.2
2 est.

The grade of Global Partners LP

Nine metrics read from its own filings, by tense
Headline grade
5.4/10
◀ Past5.425% of the headline
● Present5.645% of the headline
▶ Future5.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.4/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
7.1/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 71st percentile among 36 sector filers · read for itself

From the record

Global Partners LP's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.7/10

What has it actually done, year after year?

+9.4% a year over 10 filed years; profitable in 9 of 10.

weight 33% of this tense · 57th percentile among 35 sector filers · read for its customers

From the record

Global Partners LP's 10 filed years say what it did: revenue went from $8.2 billion in fiscal 2016 to $19 billion in fiscal 2025, up 9.4% a year; it rose in 7 of 9 years; the deepest fall was 36% from fiscal 2019 to fiscal 2020; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span9.4%top 33% of its family
  • the share of years revenue rosetop 33% of its family
  • the share of filed years with a profittop 34% of its family
  • the deepest fall from a revenue peak36.4%bottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
1.6/10

How has it treated the people who own it?

SI estimate 1.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 16th percentile among 34 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 16% of 34 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: cash returned against operating cash flow, the one part on file, ranked among 34 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Global Partners LP's shareholder treatment is put at 1.6 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 16% of 34 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.6/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

SI estimate
4.9/10

Is it financially healthy right now?

SI estimate 4.9/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 33 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
No balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 33 members with one.
What the record cannot read
No balance sheet on file.
How it was reasoned
family median, 33 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Global Partners LP's financial health is put at 4.9 of 10 with a confidence of 20 of 100, because no balance sheet on file, so the desk assumes the typical reading of its industry family, the median of 33 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
6.2/10

How strong is its position in its industry?

top 38% of 35 in its family; net margin 0.5%.

weight 45% of this tense · 62nd percentile among 35 sector filers · read for its customers

From the record

Global Partners LP's standing among 35 graded names in its industry family: revenue of $19 billion in fiscal 2025 ranks in the top 16% by size; a net margin of 0.5% ranks in the top 47%; revenue growth of -0.6% a year over the last 3 filed years ranks in the top 50% (its annual reports).

What it rests on

  • revenue against the family$18.56Btop 16% of its family
  • net margin0.5%top 47% of its family
  • three-year revenue growth-0.6%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.3/10

What are the people in charge doing?

top 47% of 22 in its family for leadership; chief executive since 2007.

weight 22% of this tense · 53rd percentile among 22 sector filers · read for its shareholders

From the record

Global Partners LP's leadership, from its insiders' filings and its current reports: the chief executive on the record is Slifka, Eric (Chairman, President & CEO, as filed), filing under that title since 2007-08-20, 19.2 years (top 7% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 6.1 years (bottom 43%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (bottom 23%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge6 in three years among 9 peoplebottom 23% of its family
  • the median years the people in charge have filed6.1 yearsbottom 43% of its family
  • the chief executive's years on the record19.2 yearstop 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.4/10

How much room does it have to grow?

bottom 44% of 35 in its family for room to expand.

weight 33% of this tense · 44th percentile among 35 sector filers · read for itself

From the record

Global Partners LP's room to grow, from the newest filed statements (fiscal 2025): cash of $12 million against no long-term debt tagged leaves 0.3% of its assets as net cash, top 40% of its family; cash from operations less capital spending is 1% of revenue (top 50%); a gross margin of 5.7% (bottom 23%) (its annual report).

What it rests on

  • cash less debt against assets0.3%top 40% of its family
  • cash from operations less capital spending against revenue1.0%top 50% of its family
  • gross margin5.7%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

top 50% of 35 in its family for growth drivers.

weight 33% of this tense · 50th percentile among 35 sector filers · read for its customers

From the record

Global Partners LP's growth drivers, from the filed years to fiscal 2025: revenue grew -0.6% a year over the last three filed years against 9.4% over all 10, slowing (bottom 27% of its family); the newest year grew 8.2% (top 21%); capital spending grew -5% a year (bottom 45%) (its annual reports). Global Partners LP reported 3 lines of business in fiscal 2025: Wholesale at $13 billion (68%), Gasoline Distribution and Station Operations at $4.8 billion (26%), Commercial at $1.1 billion (6%); 2 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-10.0 points a yearbottom 27% of its family
  • the newest year's revenue growth8.2%top 21% of its family
  • three-year growth of capital spending-5.0%bottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.2/10

Did its newest year beat what its own record pointed to?

top 38% of 32 in its family for expectations against reality.

weight 33% of this tense · 62nd percentile among 32 sector filers · read for its shareholders

From the record

Global Partners LP's newest year against its own record: revenue of $19 billion in fiscal 2025 came in 13.4% above the $16 billion its prior three years' pace pointed to (top 11% of its family); net income of $98 million against a prior three-year average of $208 million (bottom 48%); a net margin of 0.5% against 1.2% before (bottom 48%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace13.4%top 11% of its family
  • net income against the prior three years' average-53%bottom 48% of its family
  • net margin against its prior average-0.6 pointsbottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton GLP · research, not advice