Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 4/5 core metricsFlagged areas: Earnings quality, Solvency & liquidity.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 3 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +7.9% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-09-27.
- Operating margin improved
Operating margin changed +1.5 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-09-27.
- Free cash flow was positive
Latest reported free cash flow was $114M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-09-27.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-09-27
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Propane$1.27Bshare n/a+10.0% yoy
- Other Sales Revenue Net$75.1Mshare n/a-3.1% yoy
- Fuel Oil And Refined Fuels$67.4Mshare n/a-8.7% yoy
- Wholesale$39.9Mshare n/a+39.2% yoy
- Natural Gas And Electricity$24.6Mshare n/a-5.0% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Propane$491M88.3%-6.5% yoy
- Fuel Oil And Refined Fuels$32.4M5.8%-3.0% yoy
- Other Sales Revenue Net$18.9M3.4%-5.4% yoy
- Natural Gas And Electricity$8.78M1.6%-2.7% yoy
- Wholesale$4.72M0.8%-71.1% yoy
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-09-27 · among 4,003 US-listed filers · 478 in Consumer| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $1.4B | 61stof 3,301 middle third | 44thof 465 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 7.9% | 55thof 3,137 middle third | 72ndof 452 top third |
Operating margin operating income ÷ revenue | 14.4% | 77thof 2,819 top third | 87thof 434 top third |
Net margin net income ÷ revenue | 7.4% | 65thof 3,263 middle third | 77thof 461 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 8.0% | 60thof 2,679 middle third | 74thof 418 top third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | 2.7× | 60thof 819 middle third | 50thof 134 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 18 days | 84thof 2,398 top third | 61stof 384 middle third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 6.5× | 19thof 1,546 bottom third | 16thof 242 bottom third |
Cash conversion operating cash flow ÷ net income (net income > 0) | 1.8× | 55thof 1,684 middle third | 50thof 241 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -3.5% | 41stof 2,278 middle third | 33rdof 278 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 3.1% | 56thof 1,907 middle third | 49thof 210 middle third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-09-27 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 6 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-03-26 | 63,796,000 shares 10-Q 2022-05-05 | 63,796 shares 10-Q 2023-05-04 | -99.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-06-25 | 63,284,000 shares 10-Q 2022-08-04 | 63,284 shares 10-Q 2023-08-03 | -99.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2022-12-24 | 63,933,000 shares 10-Q 2023-02-02 | 63,933 shares 10-Q 2024-02-08 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-03-26 | 63,268,000 shares 10-Q 2022-05-05 | 63,268 shares 10-Q 2023-05-04 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-06-25 | 63,284,000 shares 10-Q 2022-08-04 | 63,284 shares 10-Q 2023-08-03 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2022-12-24 | 63,634,000 shares 10-Q 2023-02-02 | 63,634 shares 10-Q 2024-02-08 | -99.9% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for SPH yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.