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Side-by-side financial comparison of Danaos Corp (DAC) and SUBURBAN PROPANE PARTNERS LP (SPH). Click either name above to swap in a different company.

SUBURBAN PROPANE PARTNERS LP is the larger business by last-quarter revenue ($370.4M vs $262.2M, roughly 1.4× Danaos Corp). Danaos Corp runs the higher net margin — 49.9% vs 12.4%, a 37.6% gap on every dollar of revenue. On growth, Danaos Corp posted the faster year-over-year revenue change (6.4% vs -0.8%).

Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.

Suburban Propane Partners LP is a leading U.S. distributor of propane, natural gas, heating oil and related energy products, serving residential, commercial, industrial and agricultural customers across the country. It also provides HVAC system installation, maintenance and repair services, catering mainly to suburban and off-grid communities.

DAC vs SPH — Head-to-Head

Bigger by revenue
SPH
SPH
1.4× larger
SPH
$370.4M
$262.2M
DAC
Growing faster (revenue YoY)
DAC
DAC
+7.2% gap
DAC
6.4%
-0.8%
SPH
Higher net margin
DAC
DAC
37.6% more per $
DAC
49.9%
12.4%
SPH

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
DAC
DAC
SPH
SPH
Revenue
$262.2M
$370.4M
Net Profit
$130.9M
$45.8M
Gross Margin
64.7%
Operating Margin
47.9%
18.3%
Net Margin
49.9%
12.4%
Revenue YoY
6.4%
-0.8%
Net Profit YoY
-7.3%
135.7%
EPS (diluted)
$7.12
$0.69

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DAC
DAC
SPH
SPH
Q4 25
$370.4M
Q3 25
$211.4M
Q2 25
$262.2M
$260.1M
Q1 25
$587.7M
Q4 24
$373.3M
Q3 24
$208.6M
Q2 24
$246.3M
$254.6M
Q1 24
$498.1M
Net Profit
DAC
DAC
SPH
SPH
Q4 25
$45.8M
Q3 25
$-35.1M
Q2 25
$130.9M
$-14.8M
Q1 25
$137.1M
Q4 24
$19.4M
Q3 24
$-44.6M
Q2 24
$141.2M
$-17.2M
Q1 24
$111.5M
Gross Margin
DAC
DAC
SPH
SPH
Q4 25
64.7%
Q3 25
64.7%
Q2 25
61.7%
Q1 25
58.8%
Q4 24
60.6%
Q3 24
59.4%
Q2 24
62.9%
Q1 24
61.8%
Operating Margin
DAC
DAC
SPH
SPH
Q4 25
18.3%
Q3 25
-7.9%
Q2 25
47.9%
2.1%
Q1 25
27.0%
Q4 24
15.8%
Q3 24
-10.8%
Q2 24
56.8%
3.2%
Q1 24
27.5%
Net Margin
DAC
DAC
SPH
SPH
Q4 25
12.4%
Q3 25
-16.6%
Q2 25
49.9%
-5.7%
Q1 25
23.3%
Q4 24
5.2%
Q3 24
-21.4%
Q2 24
57.3%
-6.8%
Q1 24
22.4%
EPS (diluted)
DAC
DAC
SPH
SPH
Q4 25
$0.69
Q3 25
$-0.55
Q2 25
$7.12
$-0.23
Q1 25
$2.10
Q4 24
$0.30
Q3 24
$-0.69
Q2 24
$7.23
$-0.27
Q1 24
$1.72

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DAC
DAC
SPH
SPH
Cash + ST InvestmentsLiquidity on hand
$654.1M
$1.3M
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$3.6B
Total Assets
$4.5B
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAC
DAC
SPH
SPH
Q4 25
$1.3M
Q3 25
$405.0K
Q2 25
$654.1M
$1.3M
Q1 25
$3.9M
Q4 24
$4.4M
Q3 24
$3.2M
Q2 24
$471.7M
$4.9M
Q1 24
$4.4M
Total Debt
DAC
DAC
SPH
SPH
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
DAC
DAC
SPH
SPH
Q4 25
Q3 25
Q2 25
$3.6B
Q1 25
Q4 24
Q3 24
Q2 24
$3.3B
Q1 24
Total Assets
DAC
DAC
SPH
SPH
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$4.5B
$2.3B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.3B
Q2 24
$4.0B
$2.3B
Q1 24
$2.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DAC
DAC
SPH
SPH
Operating Cash FlowLast quarter
$-47.7M
Free Cash FlowOCF − Capex
$-67.5M
FCF MarginFCF / Revenue
-18.2%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
-1.04×
TTM Free Cash FlowTrailing 4 quarters
$61.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAC
DAC
SPH
SPH
Q4 25
$-47.7M
Q3 25
$41.8M
Q2 25
$95.5M
Q1 25
$40.1M
Q4 24
$8.8M
Q3 24
$36.8M
Q2 24
$61.4M
Q1 24
$75.1M
Free Cash Flow
DAC
DAC
SPH
SPH
Q4 25
$-67.5M
Q3 25
$27.7M
Q2 25
$80.9M
Q1 25
$20.8M
Q4 24
$-15.1M
Q3 24
$17.7M
Q2 24
$46.8M
Q1 24
$60.6M
FCF Margin
DAC
DAC
SPH
SPH
Q4 25
-18.2%
Q3 25
13.1%
Q2 25
31.1%
Q1 25
3.5%
Q4 24
-4.0%
Q3 24
8.5%
Q2 24
18.4%
Q1 24
12.2%
Capex Intensity
DAC
DAC
SPH
SPH
Q4 25
5.3%
Q3 25
6.7%
Q2 25
5.6%
Q1 25
3.3%
Q4 24
6.4%
Q3 24
9.1%
Q2 24
5.8%
Q1 24
2.9%
Cash Conversion
DAC
DAC
SPH
SPH
Q4 25
-1.04×
Q3 25
Q2 25
Q1 25
0.29×
Q4 24
0.45×
Q3 24
Q2 24
Q1 24
0.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DAC
DAC

Segment breakdown not available.

SPH
SPH

Propane$326.4M88%
Other Sales Revenue Net$19.9M5%
Fuel Oil And Refined Fuels$18.2M5%
Natural Gas And Electricity$5.9M2%
Wholesale$4.1M1%

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