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Suburban Propane Partners LP vs Teamshares: SPH and TMS compared
Suburban Propane Partners LP is the larger company: $261M of revenue in its latest quarter (Q3 FY26) against $149M for Teamshares (Q2 2026). Teamshares is growing faster (+20% against +0.5% a year earlier). Teamshares is more profitable, with an operating margin of 2.0% against 0.9%.
Where the money goes: SPH and TMS
Suburban Propane Partners LP (SPH) · Q3 FY26
Suburban Propane Partners LP, Q3 FY26: revenue $261M (+0.5% year over year), operating margin 0.9%, net loss $17.5M, operating cash flow $71.0M. The chart follows the revenue to costs, profit and cash.
Teamshares (TMS) · Q2 2026
Teamshares, Q2 2026: revenue $149M (+20% year over year), operating margin 2.0%, net earnings $9.2M, operating cash flow −$4.9M. The chart follows the revenue to costs, profit and cash.
| Suburban Propane Partners LP (SPH) | Teamshares (TMS) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 2026 |
| Revenue | $261M | $149M |
| Revenue growth, Y/Y | +0.5% | +20% |
| Gross margin | — | 41.3% |
| Operating margin | 0.9% | 2.0% |
| Net earnings | −$17.5M | $9.2M |
| Net margin | -6.7% | 6.2% |
| Operating cash flow | $71.0M | −$4.9M |
| Free cash flow | $49.5M | — |
| Market value | $1.1B | — |
| P/E | 8.7× | — |
| Analysts’ mean target | $17.00 | — |
Where the revenue comes from
Suburban Propane Partners LP
- Propane: $227M (87%)
- Other Sales Revenue Net: $18.2M (7%)
- Fuel Oil and Refined Fuels: $11.7M (4%)
- Natural Gas and Electricity: $4.5M (2%)
Teamshares
- Products: $113M (76%)
- Services: $36.1M (24%)
Questions
Which is bigger, Suburban Propane Partners LP or Teamshares?
Suburban Propane Partners LP is the larger company: $261M of revenue in its latest quarter (Q3 FY26) against $149M for Teamshares (Q2 2026).
Is Suburban Propane Partners LP or Teamshares growing faster?
Teamshares is growing faster (+20% against +0.5% a year earlier).
Which is more profitable, Suburban Propane Partners LP or Teamshares?
Teamshares is more profitable, with an operating margin of 2.0% against 0.9%.
More: Suburban Propane Partners LP earnings · how Suburban Propane Partners LP makes money · Teamshares earnings · how Teamshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.