Sunoco LP (SUN) financial statements
Sunoco LP reported revenue of $25.2B in fiscal 2025, up 10.8% a year over 9 years.
Net income was $527M and the operating margin 3.7%, against 1.5% in 2016.
Free cash flow was $615M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Sunoco LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.0B | $11.7B | $17.0B | $16.6B | $10.7B | $17.6B | $25.7B | $23.1B | $22.7B | $25.2B |
| Cost of revenue | $8.8B | $10.6B | $15.9B | $15.4B | $9.7B | $16.2B | $24.4B | $21.7B | $20.6B | $22.4B |
| Gross profit | $1.2B | $1.1B | $1.1B | $1.2B | $1.1B | $1.4B | $1.4B | $1.4B | $2.1B | $2.8B |
| Selling, general and admin | $155M | $140M | $141M | $136M | $112M | $109M | $120M | $126M | $277M | $296M |
| Operating income | $145M | $229M | $345M | $464M | $417M | $749M | $678M | $635M | $791M | $935M |
| Interest expense | $189M | $209M | $144M | $173M | $175M | $163M | $182M | $217M | $391M | $541M |
| Pre-tax income | -$16M | $20M | $92M | $296M | $236M | — | — | — | — | — |
| Income tax | -$72M | -$306M | $34M | -$17M | $24M | $30M | $26M | $36M | $175M | $62M |
| Net income | -$406M | $149M | -$207M | $313M | $212M | $524M | $475M | $394M | $866M | $527M |
| Gross margin | 11.6% | 9.5% | 6.6% | 7.3% | 9.9% | 7.7% | 5.4% | 5.9% | 9.2% | 11.1% |
| Operating margin | 1.5% | 2.0% | 2.0% | 2.8% | 3.9% | 4.3% | 2.6% | 2.8% | 3.5% | 3.7% |
| Net margin | -4.1% | 1.3% | -1.2% | 1.9% | 2.0% | 3.0% | 1.8% | 1.7% | 3.8% | 2.1% |
Balance sheet
Fiscal years, from Sunoco LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $103M | $28M | $56M | $21M | $97M | $25M | $82M | $29M | $94M | $891M |
| Receivables | $539M | $541M | $374M | $399M | $295M | $526M | $890M | $856M | $1.2B | $2.0B |
| Inventory | $423M | $426M | $374M | $419M | $382M | $534M | $821M | $889M | $1.1B | $2.4B |
| Total current assets | $1.3B | $4.5B | $905M | $924M | $847M | $1.2B | $2.0B | $1.9B | $2.5B | $5.5B |
| Property, plant and equipment | $1.6B | $1.6B | $1.5B | $1.4B | $1.4B | $1.7B | $1.8B | $1.8B | $7.7B | $13.4B |
| Goodwill | $1.6B | $1.4B | $1.6B | $1.6B | $1.6B | $1.6B | $1.6B | $1.6B | $1.5B | $3.0B |
| Total assets | $8.7B | $8.3B | $4.9B | $5.4B | $5.3B | $5.8B | $6.8B | $6.8B | $14.4B | $28.4B |
| Total current liabilities | $1.1B | $1.2B | $865M | $744M | $653M | $890M | $1.4B | $1.4B | $1.9B | $4.0B |
| Long-term debt | $4.5B | $4.3B | $3.0B | $3.1B | $3.1B | $3.2B | $3.6B | $3.6B | $7.5B | $13.4B |
| Total liabilities | $6.5B | $6.1B | $4.1B | $4.7B | $4.6B | $5.0B | $5.9B | $5.8B | $10.3B | $20.4B |
| Net debt | $4.4B | $4.3B | $2.9B | $3.0B | $3.0B | $3.2B | $3.5B | $3.6B | $7.4B | $12.5B |
Cash flow
Fiscal years, from Sunoco LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $466M | $303M | $447M | $435M | $502M | $543M | $561M | $600M | $549M | $1.2B |
| Capital spending | $439M | $177M | $103M | $148M | $124M | $174M | $186M | $215M | $344M | $577M |
| Free cash flow | $27M | $126M | $344M | $287M | $378M | $369M | $375M | $385M | $205M | $615M |
| Stock-based compensation | $13M | $24M | $12M | $13M | $14M | $16M | $14M | $17M | $17M | $19M |
| Share buybacks (net) | — | $0 | -$540M | $0 | $0 | — | — | — | — | — |
| Net borrowing | $2.0B | -$5M | -$1.2B | $591M | $210M | -$452M | $0 | $500M | $1.1B | — |
| Free cash flow margin | 0.3% | 1.1% | 2.0% | 1.7% | 3.5% | 2.1% | 1.5% | 1.7% | 0.9% | 2.4% |
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Open SUN in InvestinglyQuestions
What was Sunoco LP's revenue in 2025?
$25.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Sunoco LP generate?
$615M in fiscal 2025 (operating cash flow minus capital spending).
From Sunoco LP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.