Genesis Energy, L.P. (GEL) vs Global Partners LP (GLP)

Genesis Energy, L.P. and Global Partners LP are both Oil & Gas Midstream companies. Genesis Energy, L.P. and Global Partners LP are of similar size ($1.5B and $1.4B). Global Partners LP trades at the lower P/E: 8.5× against 66.1×. Global Partners LP grew revenue faster over the last twelve months: 20.4% against 16.6%. Genesis Energy, L.P. has the higher net margin (1.34% vs 0.78%) and the lower return on invested capital (6.66% vs 8.44%). Both pay a dividend; Global Partners LP yields more (7.29% vs 6.05%). Across the 23 metrics below, Global Partners LP leads on 16 and Genesis Energy, L.P. on 7.

Valuation

Metric GEL GLP Oil & Gas Midstream median
P/E 66.11 8.52 11.68
P/S 0.84 0.07 2.39
P/B 12.04 2.11 1.68
Price to free cash flow 4.41 6.86 8.52
EV/EBITDA 7.74 6.49 9.03
EV/Sales 2.56 0.15 3.43
Earnings yield 1.51% 11.74% 7.78%
Free cash flow yield 22.69% 14.58% 7.11%

Profitability

Metric GEL GLP Oil & Gas Midstream median
Gross margin 35.08% 5.57% 54.87%
Operating margin 19.12% 1.55% 34.73%
Net margin 1.34% 0.78% 20.12%
Free cash flow margin 19.03% 0.97% 14.43%
Return on equity 16.81% 25.90% 11.73%
Return on assets 0.48% 4.28% 4.43%
Return on invested capital 6.66% 8.44% 6.10%

Growth

Metric GEL GLP Oil & Gas Midstream median
Revenue growth (TTM) 16.63% 20.35% 14.88%
EPS growth (last fiscal year) (237.90%) (12.45%) (7.78%)
Revenue growth, 5-year CAGR (2.23%) 17.40% 10.05%
Net income growth, 5-year CAGR 0.00% (5.18%) 0.00%

Health

Metric GEL GLP Oil & Gas Midstream median
Debt to equity 25.09 2.31 0.77
Current ratio 0.93 1.19 1.19
Net debt to EBITDA 5.82 4.61 3.46

Dividend

Metric GEL GLP Oil & Gas Midstream median
Dividend yield 6.05% 7.29% 4.94%
Payout ratio 4.00 0.62 0.73

Size

Metric GEL GLP Oil & Gas Midstream median
Market cap 1.53b 1.42b 3.56b

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