Fundamentals Hub
▼ FY 2025 Summary Analysis
Annual report ending Sep 30, 2025Overview and Growth
Fiscal 2025 results for STAR GROUP, L.P. combined $1.78B of revenue with net income of $73.50M and an operating cash inflow of $70.95M. The $1.78B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 1.0% from $1.77B in fiscal 2024, increasing the company’s operating scale. Asset turnover was 1.9x, relating the company’s annual revenue directly to the total assets reported at the period end.Profitability
Gross profit was $562.87M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 31.5% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $114.47M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 6.4%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $73.50M, after the operating, financing, tax, and other items recognized for the period. Net margin was 4.1%, meaning that this portion of revenue remained as net income after all recognized expenses. Pretax income was $102.90M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 5.8%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $29.41M, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 28.6%, quantifying the portion of pre-tax earnings paid in income tax. Net income equaled 24.8% of period-end equity, showing the earnings generated on shareholders’ book capital. Net income represented 7.8% of period-end assets, placing the company’s bottom-line result against the total resource base employed.Liquidity and Capital Structure
Total assets were $937.33M, supported by $640.55M of liabilities and $296.78M of shareholder equity. The near-term balance sheet paired $207.28M of current assets with $349.23M of current liabilities at the reporting date. The current ratio was 0.59x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. Reported cash and equivalents were $24.68M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 7.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $188.12M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.63x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 20.1%, comparing borrowing with the total asset balance. The liabilities-to-assets relationship was 68.3%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 2.6% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 0.2% from $939.61M in fiscal 2024, leaving current total assets lower year over year.Cash Flow and Earnings Quality
Cash flow from operations was $70.95M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 0.97x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $14.92M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 21.0% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $56.03M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 3.1%, measuring cash remaining after capital spending against revenue. The free-cash-flow-to-assets relationship was 6.0%, comparing post-investment cash with the balance-sheet asset base.
Based on the annual report for the fiscal year ending Sep 30, 2025.
Analysis generated .