Global Partners LP (GLP) vs Permian Basin Royalty Trust (PBT)

Global Partners LP and Permian Basin Royalty Trust are both Oil & Gas Midstream companies. Global Partners LP and Permian Basin Royalty Trust are of similar size ($1.4B and $1.3B). Global Partners LP trades at the lower P/E: 8.5× against 81.6×. Global Partners LP grew revenue faster over the last twelve months: 20.4% against −3.71%. Permian Basin Royalty Trust has the higher net margin (92.0% vs 0.78%) and the lower return on invested capital (0.00% vs 8.44%). Both pay a dividend; Global Partners LP yields more (7.29% vs 1.08%). Across the 21 metrics below, Global Partners LP leads on 14 and Permian Basin Royalty Trust on 7.

Valuation

Metric GLP PBT Oil & Gas Midstream median
P/E 8.52 81.60 11.68
P/S 0.07 75.54 2.39
P/B 2.11 n/m 1.68
Price to free cash flow 6.86 n/m 8.52
EV/EBITDA 6.49 82.39 9.03
EV/Sales 0.15 75.42 3.43
Earnings yield 11.74% 1.23% 7.78%
Free cash flow yield 14.58% 0.00% 7.11%

Profitability

Metric GLP PBT Oil & Gas Midstream median
Gross margin 5.57% 100.00% 54.87%
Operating margin 1.55% 91.54% 34.73%
Net margin 0.78% 91.96% 20.12%
Free cash flow margin 0.97% 0.00% 14.43%
Return on equity 25.90% 0.00% 11.73%
Return on assets 4.28% 757.27% 4.43%
Return on invested capital 8.44% 0.00% 6.10%

Growth

Metric GLP PBT Oil & Gas Midstream median
Revenue growth (TTM) 20.35% (3.71%) 14.88%
EPS growth (last fiscal year) (12.45%) (43.64%) (7.78%)
Revenue growth, 5-year CAGR 17.40% 5.92% 10.05%
Net income growth, 5-year CAGR (5.18%) 5.47% 0.00%

Health

Metric GLP PBT Oil & Gas Midstream median
Debt to equity 2.31 0.00 0.77
Current ratio 1.19 1.00 1.19
Net debt to EBITDA 4.61 (0.12) 3.46

Dividend

Metric GLP PBT Oil & Gas Midstream median
Dividend yield 7.29% 1.08% 4.94%
Payout ratio 0.62 0.88 0.73

Size

Metric GLP PBT Oil & Gas Midstream median
Market cap 1.42b 1.33b 3.56b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack