SUN Sunoco LP

Overview and Growth

Sunoco LP generated $25.20B of revenue in fiscal 2025, with net income of $527.00M and an operating cash inflow of $1.19B. At $25.20B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 11.1% above fiscal 2024 revenue of $22.69B, marking a year-over-year increase. The company employed $28.36B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Asset turnover was 0.89x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

After reported cost of revenue, the company retained $2.79B as gross profit before recognizing operating expenses and other items. Gross profit represented 11.1% of revenue, showing how much of the top line remained after direct costs. Operating income was $935.00M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 3.7%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $527.00M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 2.1% of revenue, connecting the absolute net income figure with the company’s top-line scale. Reported EBITDA totaled $1.57B, adding a pre-interest, tax, depreciation, and amortization perspective to the profitability profile. Income tax expense totaled $62.00M, providing the reported tax component that separates pretax and after-tax earnings. The relationship between net income and period-end equity was 6.6%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 1.9%, showing earnings relative to the full balance sheet. Current net income of $527.00M was below fiscal 2024 net income of $866.00M, showing the direction of the bottom-line change.

Liquidity and Capital Structure

Total assets were $28.36B, supported by $20.35B of liabilities and $8.01B of shareholder equity. Current assets were $5.52B against $4.00B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 1.38x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $891.00M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 22.3%, excluding receivables and other current assets. The company carried $13.37B of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 1.67x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 47.1%, comparing borrowing with the total asset balance. The equity-to-assets relationship was 28.2%, placing book capital against the total resource base. Liabilities represented 71.8% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 3.1% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 97.3% from $14.38B in fiscal 2024, leaving current total assets higher year over year. Against $4.07B of equity in fiscal 2024, the current book-equity balance moved 96.9% and ended higher. Compared with $94.00M in fiscal 2024, the current cash balance moved 847.9% and finished higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.19B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 2.26x, comparing cash generated by operations with the bottom-line earnings result. The operating cash outcome moved from $549.00M in fiscal 2024 to $1.19B, ending above the prior-year level.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.