Ferrellgas Part Financials

FGPR

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE July

This page shows Ferrellgas Part (FGPR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FGPR FY2025 2026-04-22

Flat debt and shrinking operating earnings turned FY2025 into a coverage squeeze, even though core cash generation stayed positive.

The non-obvious shift is that leverage worsened because earnings capacity shrank: long-term debt stayed near $1.45B in recent years while EBITDA fell to $188.5M. With interest expense above operating income—$108.1M versus $90.1M—the business could still produce operating cash yet miss at the net-income line, so debt service, not cash generation, became the main constraint on reported earnings.

Sales were not the main problem; the bigger change was margin compression from higher overhead, as operating margin fell to 4.7% from the prior year's 11.2%. Selling and administrative expense rose to $178.6M from $50.3M, so added revenue did not carry through the income statement the way it had before; that points to a cost-base reset rather than only softer volume.

Liquidity looks workable but thin: cash ended the year at $28.4M and the current ratio was 1.0x, which leaves little room for operating hiccups on a debt-heavy balance sheet. Capital needs were still manageable, because $136.3M of operating cash flow remained $56.3M after capital spending instead of being entirely consumed by upkeep.

Financial Health Signals

Financial Profile 21/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Ferrellgas Part's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Ferrellgas Part has an operating margin of 4.7%, meaning the company retains $5 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is down from 11.2% the prior year.

Growth

Ferrellgas Part's revenue grew 5.5% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 30/100.

Liquidity

Ferrellgas Part's current ratio of 1.04 is below the typical benchmark, resulting in a score of 16/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Ferrellgas Part has a free cash flow margin of 2.9%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.

Piotroski F-Score Neutral

4/9

Ferrellgas Part passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-8.76x

For every $1 of reported earnings, Ferrellgas Part generates $-8.76 in operating cash flow ($136.3M OCF vs -$15.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

0.8x

Ferrellgas Part earns $0.8 in operating income for every $1 of interest expense ($90.1M vs $108.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$1.9B

YoY+5.5%

5Y CAGR+5.3%

10Y CAGR-0.4%

Ferrellgas Part generated $1.9B in revenue in fiscal year 2025. This represents an increase of 5.5% from the prior year.

EBITDA

$188.5M

YoY-37.9%

5Y CAGR-3.8%

10Y CAGR-1.9%

Ferrellgas Part's EBITDA was $188.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 37.9% from the prior year.

Net Income

-$15.6M

YoY-114.1%

Ferrellgas Part reported -$15.6M in net income in fiscal year 2025. This represents a decrease of 114.1% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$56.3M

YoY-67.8%

5Y CAGR-1.2%

10Y CAGR-8.1%

Ferrellgas Part generated $56.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 67.8% from the prior year.

Cash & Debt

$28.4M

YoY-23.3%

5Y CAGR-32.5%

10Y CAGR+12.3%

Ferrellgas Part held $28.4M in cash against $1.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

4.7%

YoY-6.5pp

5Y CAGR-5.3pp

10Y CAGR-1.8pp

Ferrellgas Part's operating margin was 4.7% in fiscal year 2025, reflecting core business profitability. This is down 6.5 percentage points from the prior year.

Net Margin

-0.8%

YoY-6.8pp

5Y CAGR+4.7pp

10Y CAGR-2.3pp

Ferrellgas Part's net profit margin was -0.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.8 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$80.0M

YoY+12.9%

5Y CAGR+2.6%

10Y CAGR+1.0%

Ferrellgas Part invested $80.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 12.9% from the prior year.

FGPR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.9B+5.5%	$1.8B-9.3%	$2.0B-4.2%	$2.1B+20.5%	$1.8B+17.1%	$1.5B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$178.6M+254.8%	$50.3M-28.8%	$70.7M+34.0%	$52.8M-12.1%	$60.1M+31.3%	$45.8M
Operating Income	$90.1M-56.1%	$205.1M-12.2%	$233.7M-4.7%	$245.1M+13.3%	$216.3M+45.5%	$148.7M
Interest Expense	$108.1M+10.0%	$98.2M+0.5%	$97.7M-2.4%	$100.1M-42.3%	$173.6M-10.0%	$193.0M
Income Tax	$1.4M+100.0%	$686K-30.1%	$981K0.0%	$981K+32.4%	$741K-12.9%	$851K
Net Income	-$15.6M-114.1%	$110.2M-19.5%	$136.9M-7.5%	$148.0M+316.3%	-$68.4M+17.1%	-$82.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$641.4M+80.6%	$355.2M+3.4%	$343.6M-38.7%	$560.8M-16.3%	$669.8M+84.0%	$364.1M+6.9%	$340.5M-34.0%	$515.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$11.7M-2.8%	$12.0M+6.7%	$11.3M-11.5%	$12.7M-23.9%	$16.7M-87.9%	$137.9M+1865.3%	$7.0M-47.3%	$13.3M
Operating Income	$136.2M+7169.7%	$1.9M+199.2%	-$1.9M-102.2%	$87.3M-31.6%	$127.6M+203.8%	-$122.9M-4413.2%	$2.9M-96.3%	$76.7M
Interest Expense	$33.2M+24.5%	$26.7M+2.7%	$25.9M-7.8%	$28.1M+0.9%	$27.9M+6.9%	$26.1M+4.2%	$25.0M+1.3%	$24.7M
Income Tax	$330K+98.8%	$166K-61.3%	$429K+13.5%	$378K-1.8%	$385K+113.9%	$180K+820.0%	-$25K-110.4%	$240K
Net Income	$102.2M+479.5%	-$26.9M-0.3%	-$26.8M-145.4%	$59.1M-40.2%	$98.8M+167.4%	-$146.7M-605.7%	-$20.8M-139.4%	$52.8M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FGPR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.4B-2.5%	$1.4B-4.0%	$1.5B-4.3%	$1.5B-13.5%	$1.8B+7.5%	$1.7B
Current Assets	$299.3M-11.7%	$338.8M-11.5%	$382.6M-10.5%	$427.6M-34.5%	$652.6M+21.3%	$538.1M
Cash & Equivalents	$28.4M-23.3%	$37.0M-43.9%	$66.0M+49.4%	$44.2M-71.9%	$157.4M-22.3%	$202.6M
Inventory	$91.9M-9.1%	$101.1M-4.5%	$105.8M-11.9%	$120.1M-8.5%	$131.3M+66.2%	$79.0M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$257.2M0.0%	$257.2M+0.1%	$257.0M0.0%	$257.0M+2.4%	$251.1M+1.7%	$246.9M
Total Liabilities	N/A	N/A	N/A	N/A	N/A	$2.9B
Current Liabilities	$289.0M-19.1%	$357.1M+43.6%	$248.7M-20.1%	$311.4M-20.2%	$390.2M-65.1%	$1.1B
Long-Term Debt	$1.5B-0.6%	$1.5B+0.4%	$1.5B+0.3%	$1.5B+0.3%	$1.4B-12.2%	$1.6B
Total Equity	N/A	N/A	N/A	N/A	N/A	-$1.2B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$1.5B+12.0%	$1.4B-2.7%	$1.4B-5.3%	$1.5B-1.5%	$1.5B+7.4%	$1.4B-3.1%	$1.5B-1.9%	$1.5B
Current Assets	$453.5M+51.5%	$299.3M-12.7%	$342.7M-16.1%	$408.3M-7.1%	$439.6M+29.8%	$338.8M-9.7%	$375.2M-0.4%	$376.8M
Cash & Equivalents	$88.4M+211.4%	$28.4M-70.7%	$96.9M-11.4%	$109.3M+177.4%	$39.4M+6.5%	$37.0M-67.4%	$113.5M+80.5%	$62.9M
Inventory	$85.5M-6.9%	$91.9M+4.6%	$87.8M+2.0%	$86.1M-17.7%	$104.6M+3.5%	$101.1M+5.2%	$96.0M+5.2%	$91.3M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$257.2M0.0%	$257.2M0.0%	$257.2M0.0%	$257.2M0.0%	$257.2M0.0%	$257.2M+0.1%	$257.0M0.0%	$257.0M
Total Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Liabilities	$350.8M+21.4%	$289.0M-68.4%	$914.5M-3.5%	$947.8M+160.9%	$363.3M+1.7%	$357.1M+47.1%	$242.8M+6.3%	$228.4M
Long-Term Debt	$1.5B+0.1%	$1.5B+78.2%	$815.5M+0.2%	$814.0M-44.4%	$1.5B+0.1%	$1.5B+0.1%	$1.5B+0.1%	$1.5B
Total Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FGPR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$136.3M-44.5%	$245.6M+15.7%	$212.3M+32.3%	$160.5M-22.3%	$206.4M+58.4%	$130.4M
Capital Expenditures	$80.0M+12.9%	$70.9M-20.3%	$88.9M-6.6%	$95.2M+60.2%	$59.4M-15.6%	$70.5M
Free Cash Flow	$56.3M-67.8%	$174.7M+41.6%	$123.3M+89.1%	$65.2M-55.6%	$147.0M+145.4%	$59.9M
Investing Cash Flow	-$80.8M+5.0%	-$85.0M+23.2%	-$110.8M+0.9%	-$111.8M-83.4%	-$61.0M+14.5%	-$71.3M
Financing Cash Flow	-$82.8M+52.3%	-$173.7M-41.4%	-$122.9M+28.5%	-$171.9M+12.9%	-$197.3M-174.8%	$263.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$40.7M+578.8%	-$8.5M-143.0%	$19.8M-83.3%	$118.0M+258.3%	$32.9M+196.0%	-$34.3M-149.2%	$69.6M-7.6%	$75.4M
Capital Expenditures	$22.5M+3.8%	$21.7M+83.5%	$11.8M-55.4%	$26.5M+34.2%	$19.7M-10.4%	$22.0M+1510.8%	$1.4M-93.8%	$22.1M
Free Cash Flow	$18.2M+160.3%	-$30.2M-480.1%	$7.9M-91.3%	$91.5M+593.2%	$13.2M+123.5%	-$56.3M-182.4%	$68.3M+28.1%	$53.3M
Investing Cash Flow	-$22.0M-3.4%	-$21.3M-94.0%	-$11.0M+57.1%	-$25.6M-33.6%	-$19.1M+23.9%	-$25.1M-2352.1%	-$1.0M+95.2%	-$21.5M
Financing Cash Flow	$41.3M+206.7%	-$38.7M-82.5%	-$21.2M+5.6%	-$22.5M-2.1%	-$22.0M-28.5%	-$17.1M+5.3%	-$18.1M+84.8%	-$119.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FGPR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	4.7%-6.5pp	11.2%-0.4pp	11.5%-0.1pp	11.6%-0.7pp	12.3%+2.4pp	9.9%
Net Margin	-0.8%-6.8pp	6.0%-0.8pp	6.8%-0.3pp	7.0%+10.9pp	-3.9%+1.6pp	-5.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1.1%-8.9pp	7.8%-1.5pp	9.3%-0.3pp	9.6%+13.5pp	-3.9%+1.1pp	-5.0%
Current Ratio	1.04+0.1	0.95-0.6	1.54+0.2	1.37-0.3	1.67+1.2	0.48
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	-1.35
FCF Margin	2.9%-6.6pp	9.5%+3.4pp	6.1%+3.0pp	3.1%-5.3pp	8.4%+4.4pp	4.0%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	21.2%+20.7pp	0.5%+1.1pp	-0.5%-16.1pp	15.6%-3.5pp	19.1%+52.8pp	-33.8%-34.6pp	0.8%-14.0pp	14.9%
Net Margin	15.9%+23.5pp	-7.6%+0.2pp	-7.8%-18.4pp	10.5%-4.2pp	14.8%+55.0pp	-40.3%-34.2pp	-6.1%-16.3pp	10.2%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	6.6%+8.6pp	-1.9%-0.1pp	-1.9%-5.8pp	4.0%-2.6pp	6.5%+16.9pp	-10.4%-9.0pp	-1.4%-5.0pp	3.5%
Current Ratio	1.29+0.3	1.04+0.7	0.37-0.1	0.43-0.8	1.21+0.3	0.95-0.6	1.55-0.1	1.65
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	2.8%+11.3pp	-8.5%-10.8pp	2.3%-14.0pp	16.3%+14.3pp	2.0%+17.4pp	-15.5%-35.5pp	20.1%+9.7pp	10.3%

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Frequently Asked Questions

What is Ferrellgas Part's annual revenue?

Ferrellgas Part (FGPR) reported $1.9B in total revenue for fiscal year 2025. This represents a 5.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ferrellgas Part's revenue growing?

Ferrellgas Part (FGPR) revenue grew by 5.5% year-over-year, from $1.8B to $1.9B in fiscal year 2025.

Is Ferrellgas Part profitable?

No, Ferrellgas Part (FGPR) reported a net income of -$15.6M in fiscal year 2025, with a net profit margin of -0.8%.

What is Ferrellgas Part's EBITDA?

Ferrellgas Part (FGPR) had EBITDA of $188.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Ferrellgas Part have?

As of fiscal year 2025, Ferrellgas Part (FGPR) had $28.4M in cash and equivalents against $1.5B in long-term debt.

What is Ferrellgas Part's operating margin?

Ferrellgas Part (FGPR) had an operating margin of 4.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Ferrellgas Part's net profit margin?

Ferrellgas Part (FGPR) had a net profit margin of -0.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ferrellgas Part's free cash flow?

Ferrellgas Part (FGPR) generated $56.3M in free cash flow during fiscal year 2025. This represents a -67.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ferrellgas Part's operating cash flow?

Ferrellgas Part (FGPR) generated $136.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ferrellgas Part's total assets?

Ferrellgas Part (FGPR) had $1.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ferrellgas Part's capital expenditures?

Ferrellgas Part (FGPR) invested $80.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Ferrellgas Part's current ratio?

Ferrellgas Part (FGPR) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

What is Ferrellgas Part's return on assets (ROA)?

Ferrellgas Part (FGPR) had a return on assets of -1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ferrellgas Part's Piotroski F-Score?

Ferrellgas Part (FGPR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ferrellgas Part's earnings high quality?

Ferrellgas Part (FGPR) has an earnings quality ratio of -8.76x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Ferrellgas Part cover its interest payments?

Ferrellgas Part (FGPR) has an interest coverage ratio of 0.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Ferrellgas Part?

Ferrellgas Part (FGPR) scores 21 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.