What is Star Group's operating income?

Star Group's total operating income in 2025 was $114.47 million, based on the following breakdown: Total Gross Profit: $562.87 million Total Operating Expenses: $448.40 million

Star Group (SGU) Financials

$13.01 -0.08 (-0.62%)

Closing price 03:59 PM Eastern

Extended Trading

$13.04 +0.03 (+0.24%)

As of 07:34 PM Eastern

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Annual Income Statements for Star Group

This table shows Star Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	38	45	27	56	18	56	88	35	32	35	73
Consolidated Net Income / (Loss)	38	45	27	56	18	56	88	35	32	35	73
Net Income / (Loss) Continuing Operations	38	45	27	56	18	56	88	35	32	35	73
Total Pre-Tax Income	70	79	47	63	25	77	121	49	46	49	103
Total Operating Income	94	87	55	66	37	93	130	60	63	61	114
Total Gross Profit	471	392	408	463	488	475	478	484	471	502	563
Total Revenue	1,674	1,161	1,324	1,678	1,754	1,467	1,497	2,007	1,953	1,766	1,784
Operating Revenue	1,674	1,161	1,324	1,678	1,754	1,467	1,497	2,007	1,953	1,766	1,784
Total Cost of Revenue	1,204	769	915	1,214	1,266	992	1,019	1,522	1,482	1,264	1,222
Operating Cost of Revenue	1,204	769	915	1,214	1,266	992	1,019	1,522	1,482	1,264	1,222
Total Operating Expenses	377	305	353	397	450	382	347	424	408	441	448
Selling, General & Admin Expense	335	300	332	382	397	348	353	378	379	395	431
Depreciation Expense	25	27	28	32	33	35	33	33	32	31	35
Other Operating Expenses / (Income)	17	-21	-6.25	-16	20	-1.02	-39	13	-3.54	14	-18
Total Other Income / (Expense), net	-23	-8.73	-8.06	-2.96	-12	-16	-8.79	-11	-17	-13	-12
Interest Expense	21	7.49	6.78	8.72	11	9.70	7.82	10	16	12	14
Other Income / (Expense), net	-1.82	-1.25	-1.28	5.76	-1.03	-6.72	-0.97	-0.96	-1.08	-0.99	2.75
Income Tax Expense	33	34	20	7.60	7.52	21	34	14	14	13	29
Basic Earnings per Share	$0.59	$0.70	$0.46	$0.89	$0.35	$1.07	$1.82	$0.85	$0.81	$0.90	$1.82
Weighted Average Basic Shares Outstanding	57.29M	57.02M	55.89M	54.76M	50.81M	45.66M	40.55M	37.38M	35.69M	35.27M	34.28M
Weighted Average Diluted Shares Outstanding	57.29M	57.02M	55.89M	54.76M	50.81M	45.66M	40.55M	37.38M	35.69M	35.27M	34.28M
Weighted Average Basic & Diluted Shares Outstanding	57.29M	57.02M	55.89M	54.76M	50.81M	45.66M	40.55M	35.77M	35.59M	34.58M	32.98M
Cash Dividends to Common per Share	$0.37	$0.40	$0.43	$0.46	$0.49	$0.52	$0.55	$0.59	$0.63	$0.67	$0.72

This table shows Star Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-20	13	68	-11	-35	33	86	-17	-29	36	108
Consolidated Net Income / (Loss)	-20	13	68	-11	-35	33	86	-17	-29	36	108
Net Income / (Loss) Continuing Operations	-20	13	68	-11	-35	33	86	-17	-29	36	108
Total Pre-Tax Income	-26	18	96	-15	-51	46	121	-23	-41	50	153
Total Operating Income	-23	22	100	-12	-49	49	125	-19	-41	54	157
Total Gross Profit	51	150	206	88	58	158	260	86	59	185	276
Total Revenue	267	528	666	332	240	488	743	306	248	539	767
Operating Revenue	267	528	666	332	240	488	743	306	248	539	767
Total Cost of Revenue	216	378	460	243	182	330	483	220	188	354	491
Operating Cost of Revenue	216	378	460	243	182	330	483	220	188	354	491
Total Operating Expenses	74	128	106	101	106	108	135	105	100	131	119
Selling, General & Admin Expense	83	101	111	94	88	107	133	98	94	118	138
Depreciation Expense	9.20	8.39	7.75	7.24	8.12	7.90	8.91	9.20	9.34	8.76	8.29
Other Operating Expenses / (Income)	-18	18	-13	-0.67	9.86	-5.93	-7.51	-2.38	-2.48	4.52	-28
Total Other Income / (Expense), net	-3.18	-3.47	-4.09	-2.91	-2.08	-3.31	-4.69	-3.91	0.35	-4.08	-4.41
Interest Expense	2.93	3.22	3.84	2.66	1.84	3.01	4.46	3.64	3.21	3.82	4.14
Other Income / (Expense), net	-0.25	-0.25	-0.25	-0.25	-0.24	-0.30	-0.23	-0.27	3.56	-0.26	-0.27
Income Tax Expense	-6.44	5.17	28	-4.16	-16	13	35	-6.46	-12	14	44
Basic Earnings per Share	($0.27)	$0.32	$1.56	($0.31)	($0.67)	$0.79	$2.01	($0.48)	($0.50)	$0.89	$2.66
Weighted Average Basic Shares Outstanding	35.69M	35.59M	35.55M	35.27M	35.27M	34.59M	34.57M	34.34M	34.28M	33.08M	32.89M
Weighted Average Diluted Shares Outstanding	35.69M	35.59M	35.55M	35.27M	35.27M	34.59M	34.57M	34.34M	34.28M	33.08M	32.89M
Weighted Average Basic & Diluted Shares Outstanding	35.59M	35.57M	35.23M	34.66M	34.58M	34.57M	34.57M	33.61M	32.98M	32.88M	32.83M

This table details how cash moves in and out of Star Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Net Change in Cash & Equivalents	52	39	-86	-38	-9.63	52	-52	9.85	31	72	-93
Net Cash From Operating Activities	137	102	21	57	97	176	69	34	124	111	71
Net Cash From Continuing Operating Activities	137	102	21	57	97	176	69	34	124	111	71
Net Income / (Loss) Continuing Operations	38	45	27	56	18	56	88	35	32	35	73
Consolidated Net Income / (Loss)	38	45	27	56	18	56	88	35	32	35	73
Depreciation Expense	27	28	29	33	34	36	34	34	33	32	36
Non-Cash Adjustments To Reconcile Net Income	25	-0.64	-21	-0.76	13	24	2.81	11	27	-7.50	-16
Changes in Operating Assets and Liabilities, net	47	30	-14	-30	33	60	-56	-46	31	51	-23
Net Cash From Investing Activities	-30	-20	-66	-65	-82	-28	-50	-33	-28	-61	-100
Net Cash From Continuing Investing Activities	-30	-20	-66	-65	-82	-28	-50	-33	-28	-61	-100
Purchase of Property, Plant & Equipment	-9.56	-10	-12	-14	-11	-14	-15	-19	-9.01	-11	-15
Acquisitions	-21	-9.82	-43	-24	-61	-4.23	-41	-13	-20	-49	-88
Purchase of Investments	-	-	-12	-35	-11	-10	-1.05	-1.80	-2.55	-1.67	-2.60
Sale of Property, Plant & Equipment	0.30	0.32	0.73	0.50	1.10	0.63	0.42	0.82	0.96	0.52	5.53
Other Investing Activities, net	-	-	-	-	0.00	0.00	6.09	0.18	2.20	0.00	0.28
Net Cash From Financing Activities	-55	-44	-41	-30	-25	-96	-71	8.57	-65	22	-64
Net Cash From Continuing Financing Activities	-55	-44	-41	-30	-25	-96	-71	8.57	-65	22	-64
Repayment of Debt	-145	-7.80	-16	-239	-87	-252	-80	-302	-162	-230	-97
Repurchase of Common Equity	-0.69	-12	0.00	-27	-51	-38	-43	-31	-4.48	-11	-16
Payment of Dividends	-21	-23	-24	-26	-26	-24	-23	-23	-24	-25	-26
Issuance of Debt	112	-	0.00	262	139	220	75	365	126	290	75
Other Financing Activities, net	-	-0.74	-0.58	-0.92	-0.36	-0.51	-0.03	-1.04	-0.06	-0.72	-0.79

This table details how cash moves in and out of Star Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-12	-25	-7.86	34	72	-69	-30	9.58	-3.40	-4.83	-7.67
Net Cash From Operating Activities	21	-60	55	78	39	-65	49	73	14	-55	-5.90
Net Cash From Continuing Operating Activities	21	-60	55	78	39	-65	49	73	14	-55	-5.90
Net Income / (Loss) Continuing Operations	-20	13	68	-11	-35	33	86	-17	-29	36	108
Consolidated Net Income / (Loss)	-20	13	68	-11	-35	33	86	-17	-29	36	108
Depreciation Expense	9.46	8.64	8.00	7.49	8.36	8.20	9.14	9.47	9.60	9.02	8.55
Non-Cash Adjustments To Reconcile Net Income	34	-22	-43	22	36	-16	-39	12	27	-23	-27
Changes in Operating Assets and Liabilities, net	-3.10	-60	22	59	29	-90	-7.34	67	6.80	-77	-96
Net Cash From Investing Activities	-23	-5.88	-23	-1.98	-30	-4.65	-82	-13	-0.35	-4.96	-4.86
Net Cash From Continuing Investing Activities	-23	-5.88	-23	-1.98	-30	-4.65	-82	-13	-0.35	-4.96	-4.86
Purchase of Property, Plant & Equipment	-2.36	-3.17	-2.85	-1.59	-3.04	-4.00	-2.53	-3.83	-4.57	-4.57	-3.17
Acquisitions	-19	-2.48	-20	-	-27	-0.67	-79	-8.59	-	0.00	-0.96
Purchase of Investments	-1.83	-0.41	-0.54	-0.45	-0.28	-0.37	-0.63	-0.81	-0.79	-0.77	-0.87
Sale of Property, Plant & Equipment	0.18	0.19	0.14	0.05	0.14	0.10	0.29	0.12	5.01	0.38	0.14
Net Cash From Financing Activities	-10	41	-40	-42	63	0.67	2.86	-50	-17	55	3.09
Net Cash From Continuing Financing Activities	-10	41	-40	-42	63	0.67	2.86	-50	-17	55	3.09
Repayment of Debt	-4.16	-4.00	-59	-29	-139	-0.24	-58	-33	-5.25	-5.25	-11
Repurchase of Common Equity	-	-0.15	-2.38	-6.50	-2.06	-0.14	-0.07	-9.81	-5.57	-4.49	-0.74
Payment of Dividends	-6.12	-6.12	-6.12	-6.46	-6.35	-6.33	-6.33	-6.82	-6.64	-6.52	-6.49
Issuance of Debt	-	52	28	-	210	7.83	68	-	-	72	22

This table presents Star Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
Total Assets	686	692	674	730	753	839	854	912	875	940	937
Total Current Assets	271	295	241	257	227	226	222	288	255	281	207
Cash & Equivalents	101	139	52	15	4.90	57	4.77	15	45	117	25
Accounts Receivable	89	79	97	133	120	84	100	138	114	95	102
Inventories, net	56	46	60	56	65	50	61	84	56	42	47
Prepaid Expenses	25	27	27	35	37	30	30	32	28	28	33
Other Current Assets	0.94	3.99	5.93	18	0.00	6.03	26	20	11	0.00	0.79
Plant, Property, & Equipment, net	68	70	80	88	98	93	99	108	105	105	129
Total Noncurrent Assets	346	327	353	386	428	519	533	516	515	554	601
Goodwill	211	213	226	228	245	240	253	254	262	276	293
Intangible Assets	107	98	105	98	108	90	95	85	76	99	125
Other Noncurrent Operating Assets	11	11	22	58	75	188	184	178	177	179	183
Other Noncurrent Nonoperating Assets	-	-	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25
Total Liabilities & Shareholders' Equity	686	692	674	730	753	839	854	912	875	940	937
Total Liabilities	396	391	368	420	492	583	576	655	612	676	641
Total Current Liabilities	279	290	272	283	326	345	345	381	365	374	349
Short-Term Debt	10	16	10	9.00	33	13	26	33	21	21	21
Accounts Payable	25	26	27	36	34	31	37	49	36	32	34
Accrued Expenses	108	104	108	116	121	127	121	126	116	116	119
Current Deferred Revenue	123	142	127	61	61	58	57	63	63	66	67
Other Current Liabilities	13	2.29	0.29	61	77	115	103	111	130	139	108
Total Noncurrent Liabilities	117	101	96	137	166	238	231	273	247	302	291
Long-Term Debt	90	75	66	92	120	110	92	152	127	188	167
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	6.14	21	20	17	29	26	26	22	31
Other Noncurrent Operating Liabilities	27	25	24	24	26	111	109	96	94	92	93
Total Equity & Noncontrolling Interests	290	301	306	310	261	256	278	258	264	264	297
Total Preferred & Common Equity	290	301	306	310	261	256	278	258	264	264	297
Total Common Equity	290	301	306	310	261	256	278	258	264	264	297
Common Stock	312	322	325	328	278	271	292	274	277	276	308
Accumulated Other Comprehensive Income / (Loss)	-23	-21	-19	-18	-17	-15	-14	-16	-14	-12	-11

This table presents Star Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	12/31/2022	3/31/2023	6/30/2023	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025	6/30/2025	12/31/2025	3/31/2026
Total Assets	1,047	1,007	884	945	940	866	987	1,059	964	1,054	1,164
Total Current Assets	426	395	279	329	310	244	331	331	233	325	442
Cash & Equivalents	23	22	57	20	12	46	49	19	28	20	12
Accounts Receivable	253	259	139	187	198	129	176	217	129	198	262
Inventories, net	112	72	54	84	63	41	68	66	43	70	81
Prepaid Expenses	35	30	29	38	29	29	38	30	32	37	55
Other Current Assets	2.90	13	0.00	0.00	7.72	0.00	0.05	-	1.04	0.00	31
Plant, Property, & Equipment, net	107	106	103	105	106	104	105	128	127	128	128
Total Noncurrent Assets	514	506	502	510	524	517	551	601	603	601	595
Goodwill	254	254	254	262	268	268	276	292	293	293	294
Intangible Assets	82	78	73	74	81	78	95	127	130	120	117
Other Noncurrent Operating Assets	178	174	174	174	174	171	180	181	180	188	184
Other Noncurrent Nonoperating Assets	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25
Total Liabilities & Shareholders' Equity	1,047	1,007	884	945	940	866	987	1,059	964	1,054	1,164
Total Liabilities	784	689	596	674	609	558	696	689	626	732	741
Total Current Liabilities	520	443	351	436	376	331	397	386	331	442	447
Short-Term Debt	153	86	17	90	64	21	29	43	21	93	108
Accounts Payable	71	41	29	46	38	30	48	45	31	55	44
Accrued Expenses	120	163	135	118	148	132	124	154	133	127	168
Current Deferred Revenue	75	71	63	75	73	65	80	76	68	78	76
Other Current Liabilities	101	81	106	106	53	83	116	67	79	89	50
Total Noncurrent Liabilities	264	246	245	238	233	227	299	303	295	290	294
Long-Term Debt	144	139	135	123	119	115	183	177	172	162	157
Noncurrent Deferred & Payable Income Tax Liabilities	24	13	16	24	23	24	25	34	33	32	45
Other Noncurrent Operating Liabilities	96	94	94	16	16	88	91	92	90	96	92
Total Equity & Noncontrolling Interests	262	318	289	271	331	308	291	371	338	322	423
Total Preferred & Common Equity	262	318	289	271	331	308	291	371	338	322	423
Total Common Equity	262	318	289	271	331	308	291	371	338	322	423
Common Stock	278	333	303	284	344	320	303	382	349	333	434
Accumulated Other Comprehensive Income / (Loss)	-15	-15	-14	-13	-13	-12	-12	-12	-11	-11	-10

This table displays calculated financial ratios and metrics derived from Star Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024	9/30/2025
DEI Shares Outstanding	57,282,352.00	57,187,832.00	55,887,832.00	53,392,840.00	49,280,628.00	43,741,226.00	39,605,820.00	-	-	-	33,606,424.00
DEI Adjusted Shares Outstanding	57,282,352.00	57,187,832.00	55,887,832.00	53,392,840.00	49,280,628.00	43,741,226.00	39,605,820.00	-	-	-	33,606,424.00
DEI Earnings Per Adjusted Shares Outstanding	0.66	0.79	0.48	1.04	0.36	1.28	2.22	-	-	-	2.19
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-14.65%	-30.64%	13.97%	26.77%	4.53%	-16.33%	2.02%	34.03%	-2.68%	-9.56%	1.04%
EBITDA Growth	16.80%	-3.89%	-26.96%	25.80%	-32.89%	73.47%	34.31%	-43.15%	1.98%	-2.42%	65.93%
EBIT Growth	17.31%	-6.14%	-37.26%	32.88%	-49.43%	137.47%	49.84%	-53.96%	3.30%	-2.19%	95.00%
NOPAT Growth	6.42%	-0.05%	-36.93%	84.57%	-54.93%	159.34%	38.53%	-53.75%	-0.03%	1.89%	84.45%
Net Income Growth	4.08%	19.65%	-40.13%	106.34%	-68.22%	217.05%	56.90%	-59.78%	-9.47%	10.26%	108.66%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	43.82%	-25.50%	-79.35%	172.87%	69.48%	80.39%	-60.79%	-50.77%	264.70%	-10.25%	-36.07%
Free Cash Flow Firm Growth	3,514.61%	-21.97%	-151.14%	80.30%	249.28%	1,112.30%	-84.74%	-66.64%	1,220.34%	-46.87%	-141.55%
Invested Capital Growth	-17.04%	-12.24%	29.59%	20.27%	3.37%	-21.43%	21.88%	9.08%	-14.29%	-3.06%	29.52%
Revenue Q/Q Growth	-3.19%	-0.44%	1.50%	2.95%	0.36%	-3.46%	39.85%	-13.50%	-1.50%	-1.48%	0.41%
EBITDA Q/Q Growth	-16.16%	36.15%	3.85%	-5.82%	-10.55%	0.76%	7.88%	-29.05%	94.60%	-22.35%	8.98%
EBIT Q/Q Growth	-19.90%	54.33%	4.82%	-9.38%	-20.20%	2.33%	9.61%	-38.61%	271.93%	-29.83%	10.79%
NOPAT Q/Q Growth	-24.61%	82.48%	3.62%	-13.61%	-23.34%	12.94%	7.86%	-52.92%	28.26%	-26.16%	5.91%
Net Income Q/Q Growth	-34.17%	140.25%	5.28%	-6.25%	-41.39%	7.10%	8.62%	-43.13%	1,800.36%	-30.36%	9.56%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-26.45%	-32.42%	40.56%	106.19%	8.49%	-8.20%	-12.62%	254.02%	-26.42%	18.93%	-25.44%
Free Cash Flow Firm Q/Q Growth	-41.39%	-21.66%	-372.64%	69.75%	127.94%	-11.78%	-11.20%	137.17%	-43.46%	20.97%	16.74%
Invested Capital Q/Q Growth	-15.56%	-2.74%	9.43%	-0.16%	-14.14%	-10.77%	-6.88%	-20.04%	-4.47%	-10.69%	-8.47%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.11%	33.80%	30.86%	27.62%	27.81%	32.37%	31.91%	24.13%	24.11%	28.41%	31.54%
EBITDA Margin	7.08%	9.81%	6.29%	6.24%	4.01%	8.30%	10.93%	4.64%	4.86%	5.24%	8.61%
Operating Margin	5.59%	7.53%	4.18%	3.94%	2.13%	6.34%	8.70%	3.01%	3.20%	3.46%	6.42%
EBIT Margin	5.48%	7.42%	4.08%	4.28%	2.07%	5.88%	8.63%	2.97%	3.15%	3.40%	6.57%
Profit (Net Income) Margin	2.24%	3.87%	2.03%	3.31%	1.01%	3.81%	5.86%	1.76%	1.64%	1.99%	4.12%
Tax Burden Percent	53.35%	57.12%	56.90%	87.95%	70.12%	73.05%	72.26%	71.98%	69.55%	72.54%	71.42%
Interest Burden Percent	76.68%	91.31%	87.47%	87.86%	69.26%	88.75%	93.95%	82.40%	74.73%	80.77%	87.78%
Effective Tax Rate	46.65%	42.88%	43.10%	12.05%	29.88%	26.95%	27.74%	28.02%	30.45%	27.46%	28.58%
Return on Invested Capital (ROIC)	15.65%	18.38%	10.80%	16.03%	6.51%	18.59%	26.38%	10.62%	10.96%	12.29%	20.06%
ROIC Less NNEP Spread (ROIC-NNEP)	-17.36%	39.13%	48.16%	11.26%	-0.79%	7.37%	19.30%	4.81%	2.47%	2.90%	13.57%
Return on Net Nonoperating Assets (RNNOA)	-2.31%	-3.18%	-1.95%	1.99%	-0.33%	3.05%	6.48%	2.54%	1.29%	1.06%	6.16%
Return on Equity (ROE)	13.34%	15.20%	8.86%	18.03%	6.18%	21.65%	32.86%	13.16%	12.25%	13.35%	26.22%
Cash Return on Invested Capital (CROIC)	34.28%	31.42%	-14.97%	-2.37%	3.19%	42.59%	6.66%	1.93%	26.34%	15.40%	-5.66%
Operating Return on Assets (OROA)	13.39%	12.51%	7.91%	10.23%	4.90%	10.84%	15.27%	6.74%	6.88%	6.62%	12.49%
Return on Assets (ROA)	5.48%	6.52%	3.94%	7.91%	2.38%	7.03%	10.37%	4.00%	3.57%	3.88%	7.83%
Return on Common Equity (ROCE)	13.34%	15.20%	8.86%	18.03%	6.18%	21.65%	32.86%	13.16%	12.25%	13.35%	26.22%
Return on Equity Simple (ROE_SIMPLE)	12.96%	14.90%	8.79%	17.92%	6.76%	21.86%	31.54%	13.68%	12.11%	13.35%	0.00%
Net Operating Profit after Tax (NOPAT)	50	50	31	58	26	68	94	44	44	44	82
NOPAT Margin	2.98%	4.30%	2.38%	3.46%	1.49%	4.63%	6.28%	2.17%	2.23%	2.51%	4.58%
Net Nonoperating Expense Percent (NNEP)	33.01%	-20.76%	-37.36%	4.78%	7.30%	11.22%	7.09%	5.81%	8.49%	9.39%	6.50%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	16.86%
Cost of Revenue to Revenue	71.89%	66.20%	69.14%	72.38%	72.19%	67.63%	68.09%	75.87%	75.89%	71.59%	68.46%
SG&A Expenses to Revenue	20.00%	25.82%	25.05%	22.76%	22.66%	23.74%	23.58%	18.86%	19.43%	22.35%	24.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.52%	26.27%	26.68%	23.68%	25.68%	26.04%	23.21%	21.12%	20.90%	24.95%	25.13%
Earnings before Interest and Taxes (EBIT)	92	86	54	72	36	86	129	59	61	60	117
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	119	114	83	105	70	122	164	93	95	93	154
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.09	1.24	1.47	1.28	1.44	1.44	1.29	1.04	1.51	1.55	1.35
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.19	0.32	0.34	0.24	0.21	0.25	0.24	0.13	0.20	0.23	0.22
Price to Earnings (P/E)	8.39	8.32	16.70	7.14	21.15	6.58	4.10	7.58	12.48	11.58	5.43
Dividend Yield	6.64%	6.03%	5.29%	6.29%	6.57%	6.39%	6.20%	8.25%	5.64%	5.79%	6.14%
Earnings Yield	11.92%	12.02%	5.99%	14.00%	4.73%	15.21%	24.38%	13.20%	8.01%	8.63%	18.41%
Enterprise Value to Invested Capital (EV/IC)	1.09	1.28	1.44	1.22	1.28	1.35	1.21	1.02	1.37	1.41	1.22
Enterprise Value to Revenue (EV/Rev)	0.19	0.28	0.36	0.29	0.30	0.30	0.32	0.22	0.26	0.28	0.32
Enterprise Value to EBITDA (EV/EBITDA)	2.65	2.86	5.68	4.61	7.45	3.56	2.89	4.70	5.29	5.39	3.66
Enterprise Value to EBIT (EV/EBIT)	3.43	3.79	8.74	6.72	14.42	5.03	3.67	7.35	8.16	8.31	4.80
Enterprise Value to NOPAT (EV/NOPAT)	6.30	6.53	15.01	8.31	20.00	6.38	5.03	10.05	11.53	11.27	6.88
Enterprise Value to Operating Cash Flow (EV/OCF)	2.30	3.20	22.44	8.40	5.38	2.47	6.88	12.89	4.06	4.50	7.93
Enterprise Value to Free Cash Flow (EV/FCFF)	2.88	3.82	0.00	0.00	40.80	2.79	19.95	55.20	4.80	8.99	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.35	0.30	0.25	0.33	0.59	0.48	0.43	0.71	0.56	0.79	0.63
Long-Term Debt to Equity	0.31	0.25	0.21	0.30	0.46	0.43	0.33	0.59	0.48	0.71	0.56
Financial Leverage	0.13	-0.08	-0.04	0.18	0.41	0.41	0.34	0.53	0.52	0.37	0.45
Leverage Ratio	2.43	2.33	2.25	2.28	2.60	3.08	3.17	3.29	3.43	3.44	3.35
Compound Leverage Factor	1.87	2.13	1.97	2.00	1.80	2.73	2.98	2.71	2.56	2.78	2.94
Debt to Total Capital	25.65%	23.31%	19.83%	24.55%	37.04%	32.43%	29.89%	41.68%	35.96%	44.17%	38.80%
Short-Term Debt to Total Capital	2.56%	4.12%	2.62%	2.19%	7.97%	3.43%	6.61%	7.38%	5.04%	4.44%	4.33%
Long-Term Debt to Total Capital	23.08%	19.19%	17.21%	22.35%	29.07%	29.00%	23.28%	34.30%	30.92%	39.73%	34.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	74.35%	76.69%	80.17%	75.45%	62.96%	67.57%	70.11%	58.32%	64.04%	55.83%	61.20%
Debt to EBITDA	0.84	0.80	0.91	0.96	2.18	1.01	0.72	1.98	1.56	2.26	1.22
Net Debt to EBITDA	0.00	-0.42	0.28	0.82	2.11	0.54	0.70	1.82	1.08	0.99	1.06
Long-Term Debt to EBITDA	0.76	0.66	0.79	0.88	1.71	0.90	0.56	1.63	1.34	2.03	1.09
Debt to NOPAT	2.00	1.84	2.40	1.73	5.86	1.81	1.26	4.24	3.40	4.71	2.30
Net Debt to NOPAT	-0.01	-0.95	0.74	1.48	5.67	0.97	1.21	3.90	2.36	2.06	2.00
Long-Term Debt to NOPAT	1.80	1.51	2.09	1.58	4.60	1.62	0.98	3.49	2.93	4.24	2.04
Altman Z-Score	3.35	2.67	2.91	3.15	2.79	2.30	2.45	2.54	2.70	2.34	2.51
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.97	1.02	0.89	0.91	0.70	0.66	0.64	0.76	0.70	0.75	0.59
Quick Ratio	0.68	0.75	0.55	0.52	0.38	0.41	0.30	0.40	0.44	0.57	0.36
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	109	85	-44	-8.60	13	156	24	7.92	105	56	-23
Operating Cash Flow to CapEx	1,478.69%	1,038.68%	184.23%	439.06%	954.35%	1,301.63%	469.86%	189.57%	1,535.36%	1,094.67%	755.19%
Free Cash Flow to Firm to Interest Expense	5.11	11.40	-6.44	-0.99	1.15	16.04	3.04	0.76	6.73	4.81	-1.61
Operating Cash Flow to Interest Expense	6.39	13.62	3.11	6.59	8.72	18.11	8.81	3.24	7.96	9.60	4.95
Operating Cash Flow Less CapEx to Interest Expense	5.96	12.31	1.42	5.09	7.81	16.72	6.94	1.53	7.44	8.72	4.30
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.44	1.69	1.94	2.39	2.37	1.84	1.77	2.27	2.18	1.95	1.90
Accounts Receivable Turnover	15.72	13.84	15.10	14.64	13.87	14.40	16.34	16.87	15.48	16.90	18.11
Inventory Turnover	20.95	15.14	17.35	20.94	20.90	17.25	18.30	21.04	21.17	25.79	27.57
Fixed Asset Turnover	24.71	16.77	17.64	20.06	18.87	15.31	15.54	19.40	18.32	16.83	15.31
Accounts Payable Turnover	51.25	30.14	34.91	38.84	36.30	30.63	29.93	35.26	35.01	37.65	37.46
Days Sales Outstanding (DSO)	23.22	26.38	24.17	24.94	26.32	25.35	22.34	21.64	23.58	21.60	20.16
Days Inventory Outstanding (DIO)	17.42	24.11	21.04	17.43	17.46	21.16	19.95	17.35	17.24	14.15	13.24
Days Payable Outstanding (DPO)	7.12	12.11	10.46	9.40	10.06	11.92	12.19	10.35	10.43	9.69	9.74
Cash Conversion Cycle (CCC)	33.52	38.38	34.75	32.97	33.73	34.59	30.10	28.64	30.40	26.06	23.65
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	289	254	329	396	409	321	392	427	366	355	460
Invested Capital Turnover	5.25	4.27	4.54	4.63	4.36	4.02	4.20	4.90	4.92	4.90	4.38
Increase / (Decrease) in Invested Capital	-59	-35	75	67	13	-88	70	36	-61	-11	105
Enterprise Value (EV)	315	326	473	483	524	434	474	437	502	499	563
Market Capitalization	315	374	449	396	375	368	360	267	399	408	399
Book Value per Share	$5.06	$5.27	$5.48	$5.80	$5.29	$5.85	$7.02	$7.10	$7.41	$7.61	$8.83
Tangible Book Value per Share	($0.50)	($0.16)	($0.45)	($0.32)	($1.86)	($1.71)	($1.78)	($2.22)	($2.10)	($3.19)	($3.61)
Total Capital	390	393	382	411	414	379	397	442	412	473	485
Total Debt	100	92	76	101	153	123	119	184	148	209	188
Total Long-Term Debt	90	75	66	92	120	110	92	152	127	188	167
Net Debt	-0.51	-48	23	86	149	66	114	170	103	91	163
Capital Expenditures (CapEx)	9.26	9.82	11	13	10	13	15	18	8.05	10	9.40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-98	-118	-74	-32	-71	-162	-102	-75	-135	-189	-146
Debt-free Net Working Capital (DFNWC)	2.97	21	-21	-17	-66	-106	-97	-60	-89	-71	-121
Net Working Capital (NWC)	-7.03	4.94	-31	-26	-99	-119	-123	-93	-110	-92	-142
Net Nonoperating Expense (NNE)	12	4.99	4.58	2.60	8.55	12	6.35	8.22	12	9.10	8.26
Net Nonoperating Obligations (NNO)	-0.51	-48	23	86	148	66	114	169	103	91	163
Total Depreciation and Amortization (D&A)	27	28	29	33	34	36	34	34	33	32	36
Debt-free, Cash-free Net Working Capital to Revenue	-5.83%	-10.17%	-5.56%	-1.91%	-4.03%	-11.07%	-6.78%	-3.73%	-6.89%	-10.68%	-8.16%
Debt-free Net Working Capital to Revenue	0.18%	1.82%	-1.59%	-1.04%	-3.75%	-7.19%	-6.46%	-3.00%	-4.58%	-4.04%	-6.78%
Net Working Capital to Revenue	-0.42%	0.43%	-2.35%	-1.58%	-5.63%	-8.08%	-8.22%	-4.63%	-5.64%	-5.23%	-7.96%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.59	$0.70	$0.46	$0.89	$0.35	$1.07	$1.82	$0.85	$0.81	$0.90	$1.82
Adjusted Weighted Average Basic Shares Outstanding	57.28M	55.89M	55.89M	52.76M	50.81M	41.47M	38.61M	37.38M	35.69M	35.27M	34.28M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	57.28M	55.89M	55.89M	52.76M	50.81M	41.47M	38.61M	37.38M	35.69M	35.27M	34.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	57.29M	57.02M	55.89M	54.76M	101.63M	45.66M	40.55M	35.77M	35.59M	34.58M	32.98M
Normalized Net Operating Profit after Tax (NOPAT)	50	50	31	58	26	68	94	44	44	44	82
Normalized NOPAT Margin	2.98%	4.30%	2.38%	3.46%	1.49%	4.63%	6.28%	2.17%	2.23%	2.51%	4.58%
Pre Tax Income Margin	4.20%	6.77%	3.57%	3.76%	1.43%	5.22%	8.11%	2.44%	2.35%	2.75%	5.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.29	11.51	7.98	8.24	3.25	8.89	16.53	5.68	3.96	5.20	8.18
NOPAT to Interest Expense	2.33	6.67	4.65	6.67	2.35	7.00	12.04	4.16	2.80	3.83	5.71
EBIT Less CapEx to Interest Expense	3.86	10.20	6.29	6.74	2.34	7.50	14.66	3.97	3.44	4.32	7.53
NOPAT Less CapEx to Interest Expense	1.90	5.36	2.96	5.17	1.43	5.61	10.16	2.45	2.28	2.96	5.05
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	56.71%	51.39%	90.42%	46.13%	145.11%	43.73%	26.73%	65.72%	74.33%	71.08%	35.53%
Augmented Payout Ratio	58.55%	78.13%	90.42%	94.26%	436.28%	112.45%	75.53%	153.05%	88.34%	102.56%	56.75%

This table displays calculated financial ratios and metrics derived from Star Group's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	34,567,063.00	34,565,975.00	33,606,424.00	32,976,515.00	32,879,055.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	34,567,063.00	34,565,975.00	33,606,424.00	32,976,515.00	32,879,055.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	2.49	-0.48	-0.85	1.09	3.29
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.01%	-18.53%	-9.70%	10.50%	-9.97%	-7.58%	11.56%	-7.85%	3.06%	10.49%	3.19%
EBITDA Growth	76.99%	-4.56%	9.02%	76.95%	-193.36%	90.36%	24.25%	-97.70%	31.31%	10.28%	23.22%
EBIT Growth	65.91%	-8.18%	9.67%	57.97%	-109.98%	128.90%	25.04%	-55.14%	23.39%	10.34%	25.39%
NOPAT Growth	66.15%	-8.09%	8.33%	58.46%	-111.23%	128.07%	25.22%	-56.02%	15.68%	9.78%	24.82%
Net Income Growth	60.54%	-4.14%	10.21%	53.80%	-77.84%	153.36%	25.65%	-50.57%	18.28%	8.84%	26.04%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	-67.95%	34.97%	-30.14%	-33.46%	84.36%	-7.06%	-11.83%	-6.50%	-62.69%	14.53%	-112.13%
Free Cash Flow Firm Growth	154.08%	132.03%	-88.99%	-117.43%	-150.63%	852.05%	459.51%	-421.02%	-486.42%	-153.32%	-91.54%
Invested Capital Growth	-14.29%	0.52%	10.48%	3.68%	-3.06%	-15.85%	-0.65%	26.39%	29.52%	22.72%	18.08%
Revenue Q/Q Growth	-11.06%	97.84%	26.12%	-50.21%	-27.53%	103.08%	52.24%	-58.87%	-18.95%	117.71%	42.18%
EBITDA Q/Q Growth	37.06%	317.66%	260.18%	-104.67%	-701.15%	241.24%	135.08%	-107.43%	-178.37%	326.75%	162.67%
EBIT Q/Q Growth	22.09%	191.95%	368.31%	-112.53%	-289.22%	200.24%	155.81%	-115.54%	-92.20%	244.38%	190.71%
NOPAT Q/Q Growth	22.30%	196.06%	361.09%	-112.07%	-295.08%	203.72%	153.16%	-115.04%	-113.50%	235.04%	187.86%
Net Income Q/Q Growth	17.47%	165.79%	426.80%	-116.15%	-217.69%	193.72%	161.25%	-119.36%	-72.42%	224.83%	202.55%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-82.03%	-387.96%	191.41%	40.66%	-50.21%	-267.22%	175.28%	49.17%	-80.13%	-483.02%	89.32%
Free Cash Flow Firm Q/Q Growth	-65.49%	-71.81%	31.11%	-236.69%	-0.23%	630.05%	-22.95%	-227.28%	-12.81%	51.80%	112.22%
Invested Capital Q/Q Growth	-4.47%	47.10%	6.96%	-31.02%	-10.69%	27.70%	26.28%	-12.25%	-8.47%	21.00%	21.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.01%	28.34%	30.94%	26.61%	24.08%	32.31%	34.98%	28.09%	23.99%	34.31%	35.98%
EBITDA Margin	-5.16%	5.68%	16.23%	-1.52%	-16.83%	11.70%	18.07%	-3.27%	-11.22%	11.68%	21.58%
Operating Margin	-8.61%	4.09%	15.06%	-3.71%	-20.21%	10.08%	16.87%	-6.27%	-16.53%	10.06%	20.50%
EBIT Margin	-8.71%	4.05%	15.03%	-3.78%	-20.31%	10.02%	16.84%	-6.36%	-15.09%	10.01%	20.47%
Profit (Net Income) Margin	-7.39%	2.46%	10.27%	-3.33%	-14.60%	6.74%	11.56%	-5.44%	-11.58%	6.64%	14.12%
Tax Burden Percent	75.39%	71.50%	71.04%	72.65%	69.28%	71.63%	71.19%	72.02%	70.63%	71.36%	70.88%
Interest Burden Percent	112.61%	84.94%	96.17%	121.24%	103.77%	93.84%	96.43%	118.71%	108.58%	92.92%	97.36%
Effective Tax Rate	0.00%	28.50%	28.96%	0.00%	0.00%	28.37%	28.81%	0.00%	0.00%	28.64%	29.12%
Return on Invested Capital (ROIC)	-29.66%	9.98%	34.33%	-11.91%	-69.24%	25.13%	37.70%	-17.34%	-50.66%	26.09%	43.26%
ROIC Less NNEP Spread (ROIC-NNEP)	-32.34%	9.07%	33.03%	-14.55%	-70.37%	24.03%	36.20%	-19.86%	-50.67%	24.62%	41.89%
Return on Net Nonoperating Assets (RNNOA)	-16.87%	9.22%	22.83%	-4.51%	-25.86%	18.42%	23.08%	-7.85%	-22.99%	15.95%	24.00%
Return on Equity (ROE)	-46.53%	19.20%	57.16%	-16.42%	-95.10%	43.55%	60.78%	-25.19%	-73.66%	42.04%	67.26%
Cash Return on Invested Capital (CROIC)	26.34%	7.33%	-1.29%	11.76%	15.40%	30.13%	14.93%	-6.16%	-5.66%	-3.53%	0.61%
Operating Return on Assets (OROA)	-19.02%	7.45%	27.19%	-7.75%	-39.52%	17.91%	30.38%	-12.37%	-28.70%	18.01%	34.22%
Return on Assets (ROA)	-16.15%	4.52%	18.57%	-6.82%	-28.41%	12.04%	20.86%	-10.57%	-22.01%	11.94%	23.62%
Return on Common Equity (ROCE)	-46.53%	19.20%	57.16%	-16.42%	-95.10%	43.55%	60.78%	-25.19%	-73.66%	42.04%	67.26%
Return on Equity Simple (ROE_SIMPLE)	0.00%	11.60%	11.39%	16.45%	0.00%	18.94%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-16	15	71	-8.60	-34	35	89	-13	-29	39	111
NOPAT Margin	-6.03%	2.93%	10.70%	-2.59%	-14.14%	7.22%	12.01%	-4.39%	-11.57%	7.18%	14.53%
Net Nonoperating Expense Percent (NNEP)	2.67%	0.91%	1.29%	2.64%	1.13%	1.10%	1.49%	2.51%	0.01%	1.47%	1.37%
Return On Investment Capital (ROIC_SIMPLE)	-	2.77%	-	-	-	7.02%	15.09%	-2.53%	-5.91%	6.71%	16.18%
Cost of Revenue to Revenue	80.99%	71.66%	69.06%	73.39%	75.92%	67.69%	65.02%	71.91%	76.01%	65.69%	64.02%
SG&A Expenses to Revenue	31.03%	19.20%	16.66%	28.33%	36.81%	21.82%	17.91%	32.14%	37.75%	21.79%	18.06%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	27.62%	24.24%	15.87%	30.32%	44.29%	22.23%	18.10%	34.37%	40.52%	24.26%	15.48%
Earnings before Interest and Taxes (EBIT)	-23	21	100	-13	-49	49	125	-19	-37	54	157
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-14	30	108	-5.05	-40	57	134	-9.98	-28	63	165
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.51	1.41	1.06	1.20	1.55	1.35	1.14	1.17	1.35	1.20	0.94
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	30.92
Price to Revenue (P/Rev)	0.20	0.21	0.20	0.21	0.23	0.23	0.23	0.22	0.22	0.21	0.21
Price to Earnings (P/E)	12.48	12.14	9.30	7.31	11.58	7.13	5.81	5.90	5.43	5.05	4.03
Dividend Yield	5.64%	7.40%	6.59%	6.30%	5.79%	5.98%	5.65%	6.10%	6.14%	6.23%	6.12%
Earnings Yield	8.01%	8.24%	10.75%	13.68%	8.63%	14.02%	17.20%	16.96%	18.41%	19.79%	24.84%
Enterprise Value to Invested Capital (EV/IC)	1.37	1.21	1.03	1.16	1.41	1.23	1.09	1.12	1.22	1.12	0.96
Enterprise Value to Revenue (EV/Rev)	0.26	0.35	0.34	0.26	0.28	0.32	0.35	0.32	0.32	0.34	0.35
Enterprise Value to EBITDA (EV/EBITDA)	5.29	6.95	5.82	3.86	5.39	4.64	4.28	3.98	3.66	3.89	3.41
Enterprise Value to EBIT (EV/EBIT)	8.16	10.91	8.72	5.37	8.31	6.34	5.54	5.30	4.80	5.08	4.22
Enterprise Value to NOPAT (EV/NOPAT)	11.53	15.40	12.54	7.66	11.27	8.68	7.61	7.26	6.88	7.29	6.06
Enterprise Value to Operating Cash Flow (EV/OCF)	4.06	4.16	4.51	4.93	4.50	5.21	6.23	5.89	7.93	7.73	25.19
Enterprise Value to Free Cash Flow (EV/FCFF)	4.80	16.49	0.00	10.02	8.99	3.72	7.28	0.00	0.00	0.00	172.23
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	1.07	0.78	0.44	0.79	0.73	0.60	0.57	0.63	0.79	0.63
Long-Term Debt to Equity	0.48	0.73	0.59	0.37	0.71	0.63	0.48	0.51	0.56	0.50	0.37
Financial Leverage	0.52	1.02	0.69	0.31	0.37	0.77	0.64	0.40	0.45	0.65	0.57
Leverage Ratio	3.43	3.74	3.00	2.93	3.44	3.44	2.85	2.84	3.35	3.33	2.80
Compound Leverage Factor	3.86	3.17	2.88	3.56	3.57	3.23	2.75	3.37	3.64	3.09	2.73
Debt to Total Capital	35.96%	51.59%	43.75%	30.66%	44.17%	42.09%	37.34%	36.41%	38.80%	44.19%	38.51%
Short-Term Debt to Total Capital	5.04%	16.17%	10.83%	4.71%	4.44%	5.74%	7.33%	3.96%	4.33%	16.11%	15.75%
Long-Term Debt to Total Capital	30.92%	35.42%	32.92%	25.95%	39.73%	36.35%	30.01%	32.46%	34.46%	28.08%	22.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.04%	48.41%	56.25%	69.34%	55.83%	57.91%	62.66%	63.59%	61.20%	55.81%	61.49%
Debt to EBITDA	1.56	3.09	2.52	1.14	2.26	1.77	1.51	1.37	1.22	1.60	1.39
Net Debt to EBITDA	1.08	2.87	2.40	0.76	0.99	1.36	1.39	1.17	1.06	1.47	1.33
Long-Term Debt to EBITDA	1.34	2.12	1.89	0.97	2.03	1.53	1.22	1.22	1.09	1.02	0.82
Debt to NOPAT	3.40	6.84	5.42	2.27	4.71	3.30	2.69	2.50	2.30	2.99	2.47
Net Debt to NOPAT	2.36	6.37	5.16	1.50	2.06	2.54	2.47	2.14	2.00	2.76	2.36
Long-Term Debt to NOPAT	2.93	4.70	4.08	1.92	4.24	2.85	2.16	2.23	2.04	1.90	1.46
Altman Z-Score	2.38	2.22	2.49	2.30	1.95	2.17	2.40	2.03	1.96	2.09	2.36
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.70	0.76	0.83	0.74	0.75	0.83	0.86	0.70	0.59	0.74	0.99
Quick Ratio	0.44	0.48	0.56	0.53	0.57	0.57	0.61	0.47	0.36	0.49	0.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	45	13	17	-23	-23	121	93	-118	-134	-64	7.86
Operating Cash Flow to CapEx	958.93%	-2,017.66%	2,038.04%	5,038.73%	1,329.12%	-1,655.49%	2,174.72%	1,956.87%	0.00%	-1,318.25%	-194.49%
Free Cash Flow to Firm to Interest Expense	15.35	3.94	4.33	-8.53	-12.37	40.08	20.83	-32.52	-41.60	-16.85	1.90
Operating Cash Flow to Interest Expense	7.15	-18.74	14.36	29.12	20.97	-21.44	10.89	19.92	4.49	-14.45	-1.42
Operating Cash Flow Less CapEx to Interest Expense	6.40	-19.67	13.66	28.54	19.39	-22.74	10.39	18.91	4.63	-15.55	-2.15
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.18	1.84	1.81	2.05	1.95	1.79	1.80	1.94	1.90	1.80	1.67
Accounts Receivable Turnover	15.48	8.33	7.70	13.39	16.90	9.50	8.69	13.78	18.11	9.80	7.77
Inventory Turnover	21.17	13.92	19.11	27.47	25.79	15.97	19.18	28.85	27.57	18.07	17.07
Fixed Asset Turnover	18.32	17.30	16.64	17.24	16.83	16.46	15.40	15.35	15.31	15.80	14.55
Accounts Payable Turnover	35.01	23.37	32.82	44.22	37.65	25.84	29.91	40.38	37.46	24.23	28.01
Days Sales Outstanding (DSO)	23.58	43.83	47.40	27.27	21.60	38.42	41.99	26.48	20.16	37.23	46.99
Days Inventory Outstanding (DIO)	17.24	26.22	19.10	13.29	14.15	22.85	19.03	12.65	13.24	20.20	21.39
Days Payable Outstanding (DPO)	10.43	15.62	11.12	8.25	9.69	14.12	12.20	9.04	9.74	15.06	13.03
Cash Conversion Cycle (CCC)	30.40	54.43	55.37	32.30	26.06	47.15	48.81	30.09	23.65	42.37	55.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	366	539	576	398	355	454	573	503	460	557	676
Invested Capital Turnover	4.92	3.41	3.21	4.59	4.90	3.48	3.14	3.95	4.38	3.63	2.98
Increase / (Decrease) in Invested Capital	-61	2.78	55	14	-11	-85	-3.72	105	105	103	104
Enterprise Value (EV)	502	649	596	460	499	556	625	561	563	621	651
Market Capitalization	399	381	351	370	408	393	422	396	399	386	398
Book Value per Share	$7.41	$7.60	$9.31	$8.73	$7.61	$8.42	$10.72	$9.83	$8.83	$9.76	$12.88
Tangible Book Value per Share	($2.10)	($1.84)	($0.52)	($1.09)	($3.19)	($2.31)	($1.40)	($2.50)	($3.61)	($2.78)	$0.39
Total Capital	412	559	589	444	473	503	591	531	485	577	689
Total Debt	148	288	258	136	209	212	221	193	188	255	265
Total Long-Term Debt	127	198	194	115	188	183	177	172	167	162	157
Net Debt	103	269	246	90	91	163	202	165	163	235	253
Capital Expenditures (CapEx)	2.18	2.99	2.71	1.54	2.91	3.90	2.24	3.71	-0.45	4.19	3.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-135	-36	-14	-112	-189	-86	-30	-105	-146	-44	91
Debt-free Net Working Capital (DFNWC)	-89	-16	-1.83	-66	-71	-37	-12	-77	-121	-24	103
Net Working Capital (NWC)	-110	-106	-66	-87	-92	-66	-55	-98	-142	-117	-5.53
Net Nonoperating Expense (NNE)	3.64	2.48	2.90	2.44	1.09	2.37	3.34	3.21	0.01	2.91	3.12
Net Nonoperating Obligations (NNO)	103	268	245	90	91	162	202	165	163	235	253
Total Depreciation and Amortization (D&A)	9.46	8.64	8.00	7.49	8.36	8.20	9.14	9.47	9.60	9.02	8.55
Debt-free, Cash-free Net Working Capital to Revenue	-6.89%	-1.95%	-0.79%	-6.26%	-10.68%	-4.98%	-1.69%	-5.91%	-8.16%	-2.39%	4.88%
Debt-free Net Working Capital to Revenue	-4.58%	-0.87%	-0.10%	-3.71%	-4.04%	-2.15%	-0.66%	-4.33%	-6.78%	-1.31%	5.53%
Net Working Capital to Revenue	-5.64%	-5.80%	-3.72%	-4.87%	-5.23%	-3.82%	-3.07%	-5.51%	-7.96%	-6.37%	-0.30%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.27)	$0.32	$1.56	($0.31)	($0.67)	$0.79	$2.01	($0.48)	($0.50)	$0.89	$2.66
Adjusted Weighted Average Basic Shares Outstanding	35.69M	35.59M	35.55M	35.27M	35.27M	34.59M	34.57M	34.34M	34.28M	33.08M	32.89M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	35.69M	35.59M	35.55M	35.27M	35.27M	34.59M	34.57M	34.34M	34.28M	33.08M	32.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	35.59M	35.57M	35.23M	34.66M	34.58M	34.57M	34.57M	33.61M	32.98M	32.88M	32.83M
Normalized Net Operating Profit after Tax (NOPAT)	-16	15	71	-8.60	-34	35	89	-13	-29	39	111
Normalized NOPAT Margin	-6.03%	2.93%	10.70%	-2.59%	-14.14%	7.22%	12.01%	-4.39%	-11.57%	7.18%	14.53%
Pre Tax Income Margin	-9.80%	3.44%	14.45%	-4.58%	-21.07%	9.41%	16.24%	-7.56%	-16.39%	9.30%	19.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-7.93	6.64	26.08	-4.71	-26.51	16.25	28.03	-5.35	-11.65	14.13	37.88
NOPAT to Interest Expense	-5.49	4.80	18.57	-3.23	-18.46	11.71	19.99	-3.69	-8.93	10.13	26.89
EBIT Less CapEx to Interest Expense	-8.68	5.71	25.37	-5.29	-28.09	14.95	27.53	-6.36	-11.51	13.04	37.14
NOPAT Less CapEx to Interest Expense	-6.24	3.87	17.87	-3.81	-20.04	10.41	19.49	-4.71	-8.79	9.04	26.16
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	74.33%	76.75%	64.88%	49.05%	71.08%	45.81%	35.05%	38.51%	35.53%	34.43%	26.79%
Augmented Payout Ratio	88.34%	80.03%	71.59%	66.90%	102.56%	65.91%	47.12%	56.52%	56.75%	60.53%	47.66%

Financials Breakdown Chart

Key Financial Trends

Star Group, L.P. (NYSE: SGU) showed a mixed but generally improved financial picture in the latest reported quarter, with strong profitability offset by weak operating cash flow and a still-leveraged balance sheet.

For Q2 2026, revenue rose to $766.7 million from $539.3 million in Q1 2026, while net income increased to $108.3 million from $35.8 million. That points to a strong seasonal rebound in demand and operating leverage. However, cash from operations was negative $5.9 million, mainly because working capital moved sharply against the company.

The long-term trend is more nuanced. SGU has delivered profitable quarters in most of the last four years, but results are highly seasonal and cash flow can swing sharply quarter to quarter. The company also continues to use debt, and debt levels remain meaningful relative to its equity base.

Revenue in Q2 2026 climbed sharply year over year and sequentially, suggesting stronger demand and a solid seasonal upswing.
Net income of $108.3 million in Q2 2026 was a strong improvement from $35.8 million in Q1 2026 and above the weak quarters seen in late 2025.
Operating income improved to $157.2 million in Q2 2026, reflecting much better profitability than the loss posted in Q4 2025.
Gross profit remained healthy at $275.9 million in Q2 2026, showing the business can still generate meaningful margin dollars.
The company continued paying dividends, which may appeal to income-focused investors.
SGU’s results are highly seasonal, with strong spring/summer quarters and weaker winter periods, so one quarter can look very different from the next.
Cash and equivalents fell to $12.2 million at the end of Q2 2026 from $19.9 million in Q1 2026, indicating limited cash cushion.
The balance sheet remains asset-heavy, with significant goodwill and intangible assets that support reported equity but are less liquid than cash.
Operating cash flow was negative $5.9 million in Q2 2026, showing earnings did not convert into cash during the quarter.
Working capital was a major drag, with changes in operating assets and liabilities consuming $96.0 million of cash in Q2 2026.
Debt remains elevated: short-term debt was $108.4 million and long-term debt was $156.8 million at quarter-end, keeping leverage a key risk.
SGU posted a net loss in Q4 2025 and weak cash generation in several quarters, underscoring the business’s volatility.

Bottom line: SGU’s latest quarter was strong on earnings and revenue, but the company still faces material cash flow volatility and leverage concerns. For retail investors, the main question is whether the recent earnings strength can translate into more consistent cash generation over the next several quarters.

07/21/26 12:50 AM ETAI Generated. May Contain Errors.

Star Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Star Group's fiscal year ends in September. Their fiscal year 2025 ended on September 30, 2025.

Star Group's net income appears to be on an upward trend, with a most recent value of $73.50 million in 2025, rising from $37.56 million in 2015. The previous period was $35.22 million in 2024. Check out Star Group's forecast to explore projected trends and price targets.

Star Group's total operating income in 2025 was $114.47 million, based on the following breakdown:

Total Gross Profit: $562.87 million
Total Operating Expenses: $448.40 million

Over the last 10 years, Star Group's total revenue changed from $1.67 billion in 2015 to $1.78 billion in 2025, a change of 6.6%.

Star Group's total liabilities were at $640.55 million at the end of 2025, a 5.2% decrease from 2024, and a 61.9% increase since 2015.

In the past 10 years, Star Group's cash and equivalents has ranged from $4.77 million in 2021 to $139.19 million in 2016, and is currently $24.68 million as of their latest financial filing in 2025.

Over the last 10 years, Star Group's book value per share changed from 5.06 in 2015 to 8.83 in 2025, a change of 74.5%.

Related Companies

Financial statements for NYSE:SGU last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Star Group (SGU) Financials

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Star Group Financials - Frequently Asked Questions

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Star Group (SGU) Financials

Annual Income Statements for Star Group

Quarterly Income Statements for Star Group

Annual Cash Flow Statements for Star Group

Quarterly Cash Flow Statements for Star Group

Annual Balance Sheets for Star Group

Quarterly Balance Sheets for Star Group

Annual Metrics And Ratios for Star Group

Quarterly Metrics And Ratios for Star Group

Financials Breakdown Chart

Key Financial Trends

Star Group Financials - Frequently Asked Questions

When does Star Group's financial year end?

How has Star Group's net income changed over the last 10 years?

What is Star Group's operating income?

How has Star Group's revenue changed over the last 10 years?

How much debt does Star Group have?

How much cash does Star Group have?

How has Star Group's book value per share changed over the last 10 years?

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