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Side-by-side financial comparison of Employers Holdings, Inc. (EIG) and MARTIN MIDSTREAM PARTNERS L.P. (MMLP). Click either name above to swap in a different company.

MARTIN MIDSTREAM PARTNERS L.P. is the larger business by last-quarter revenue ($187.7M vs $170.5M, roughly 1.1× Employers Holdings, Inc.). On growth, MARTIN MIDSTREAM PARTNERS L.P. posted the faster year-over-year revenue change (-2.5% vs -21.3%). Over the past eight quarters, MARTIN MIDSTREAM PARTNERS L.P.'s revenue compounded faster (0.8% CAGR vs -11.4%).

Employers Holdings, Inc. is a U.S.-headquartered insurance holding company that specializes in offering workers' compensation insurance and customized risk management services primarily for small and medium-sized enterprises across the United States. It mainly serves clients in low-to-medium hazard industries, helping them mitigate workplace safety risks and meet relevant regulatory requirements for employee protection.

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

EIG vs MMLP — Head-to-Head

Bigger by revenue
MMLP
MMLP
1.1× larger
MMLP
$187.7M
$170.5M
EIG
Growing faster (revenue YoY)
MMLP
MMLP
+18.8% gap
MMLP
-2.5%
-21.3%
EIG
Faster 2-yr revenue CAGR
MMLP
MMLP
Annualised
MMLP
0.8%
-11.4%
EIG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EIG
EIG
MMLP
MMLP
Revenue
$170.5M
$187.7M
Net Profit
$3.2M
Gross Margin
Operating Margin
4.1%
Net Margin
1.7%
Revenue YoY
-21.3%
-2.5%
Net Profit YoY
-37.1%
EPS (diluted)

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
EIG
EIG
MMLP
MMLP
Q1 26
$170.5M
$187.7M
Q4 25
$188.5M
$174.2M
Q3 25
$239.3M
$168.7M
Q2 25
$246.3M
$180.7M
Q1 25
$202.6M
$192.5M
Q4 24
$216.6M
$171.3M
Q3 24
$224.0M
$170.9M
Q2 24
$217.0M
$184.5M
Net Profit
EIG
EIG
MMLP
MMLP
Q1 26
$3.2M
Q4 25
$-2.9M
Q3 25
$-8.3M
$-8.4M
Q2 25
$29.7M
$-2.4M
Q1 25
$12.8M
$-1.0M
Q4 24
$-8.9M
Q3 24
$30.3M
$-3.3M
Q2 24
$31.7M
$3.8M
Gross Margin
EIG
EIG
MMLP
MMLP
Q1 26
Q4 25
57.1%
Q3 25
55.1%
Q2 25
56.5%
Q1 25
53.5%
Q4 24
58.2%
Q3 24
58.5%
Q2 24
58.4%
Operating Margin
EIG
EIG
MMLP
MMLP
Q1 26
4.1%
Q4 25
7.3%
Q3 25
-4.7%
4.1%
Q2 25
15.0%
8.2%
Q1 25
7.8%
7.5%
Q4 24
4.0%
Q3 24
16.4%
7.4%
Q2 24
18.4%
10.8%
Net Margin
EIG
EIG
MMLP
MMLP
Q1 26
1.7%
Q4 25
-1.7%
Q3 25
-3.5%
-5.0%
Q2 25
12.1%
-1.3%
Q1 25
6.3%
-0.5%
Q4 24
-5.2%
Q3 24
13.5%
-1.9%
Q2 24
14.6%
2.0%
EPS (diluted)
EIG
EIG
MMLP
MMLP
Q1 26
Q4 25
$-0.93
Q3 25
$-0.36
Q2 25
$1.23
Q1 25
$0.52
Q4 24
$1.14
Q3 24
$1.21
Q2 24
$1.25

Balance Sheet & Financial Strength

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

Metric
EIG
EIG
MMLP
MMLP
Cash + ST InvestmentsLiquidity on hand
$169.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$955.7M
Total Assets
$3.4B
$537.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EIG
EIG
MMLP
MMLP
Q1 26
$169.9M
Q4 25
$169.9M
Q3 25
$172.4M
Q2 25
$78.1M
Q1 25
$100.4M
Q4 24
$68.4M
Q3 24
$173.9M
Q2 24
$126.4M
Total Debt
EIG
EIG
MMLP
MMLP
Q1 26
Q4 25
$19.0M
$428.0M
Q3 25
$441.3M
Q2 25
$427.8M
Q1 25
$451.4M
Q4 24
$0
$437.6M
Q3 24
$469.3M
Q2 24
$439.4M
Stockholders' Equity
EIG
EIG
MMLP
MMLP
Q1 26
$955.7M
Q4 25
$955.7M
Q3 25
$1.0B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Total Assets
EIG
EIG
MMLP
MMLP
Q1 26
$3.4B
$537.1M
Q4 25
$3.4B
$522.4M
Q3 25
$3.5B
$510.1M
Q2 25
$3.5B
$515.6M
Q1 25
$3.6B
$533.4M
Q4 24
$3.5B
$538.5M
Q3 24
$3.6B
$554.8M
Q2 24
$3.5B
$535.1M
Debt / Equity
EIG
EIG
MMLP
MMLP
Q1 26
Q4 25
0.02×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
EIG
EIG
MMLP
MMLP
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-3.2%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EIG
EIG
MMLP
MMLP
Q1 26
Q4 25
$44.7M
$22.4M
Q3 25
$29.4M
$-1.2M
Q2 25
$0
$30.9M
Q1 25
$14.6M
$-6.0M
Q4 24
$76.4M
$42.2M
Q3 24
$51.0M
$-15.8M
Q2 24
$11.7M
$11.8M
Free Cash Flow
EIG
EIG
MMLP
MMLP
Q1 26
$-6.0M
Q4 25
$44.6M
$15.6M
Q3 25
$-7.9M
Q2 25
$25.6M
Q1 25
$-11.9M
Q4 24
$76.3M
$34.2M
Q3 24
$-25.6M
Q2 24
$-696.0K
FCF Margin
EIG
EIG
MMLP
MMLP
Q1 26
-3.2%
Q4 25
23.7%
8.9%
Q3 25
-4.7%
Q2 25
14.2%
Q1 25
-6.2%
Q4 24
35.2%
20.0%
Q3 24
-15.0%
Q2 24
-0.4%
Capex Intensity
EIG
EIG
MMLP
MMLP
Q1 26
1.6%
Q4 25
0.1%
3.9%
Q3 25
4.0%
Q2 25
3.0%
Q1 25
3.1%
Q4 24
0.0%
4.6%
Q3 24
5.8%
Q2 24
6.8%
Cash Conversion
EIG
EIG
MMLP
MMLP
Q1 26
Q4 25
Q3 25
Q2 25
0.00×
Q1 25
1.14×
Q4 24
Q3 24
1.68×
Q2 24
0.37×
3.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EIG
EIG

Segment breakdown not available.

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

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