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Side-by-side financial comparison of GLOBAL PARTNERS LP (GLP) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.

GLOBAL PARTNERS LP is the larger business by last-quarter revenue ($2.2B vs $1.5B, roughly 1.4× MERCURY GENERAL CORP). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs 1.1%, a 12.1% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 7.0%). MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $62.2M). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% CAGR vs 0.2%).

Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.

Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.

GLP vs MCY — Head-to-Head

Bigger by revenue
GLP
GLP
1.4× larger
GLP
$2.2B
$1.5B
MCY
Growing faster (revenue YoY)
MCY
MCY
+5.4% gap
MCY
12.4%
7.0%
GLP
Higher net margin
MCY
MCY
12.1% more per $
MCY
13.2%
1.1%
GLP
More free cash flow
MCY
MCY
$211.6M more FCF
MCY
$273.9M
$62.2M
GLP
Faster 2-yr revenue CAGR
MCY
MCY
Annualised
MCY
9.8%
0.2%
GLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GLP
GLP
MCY
MCY
Revenue
$2.2B
$1.5B
Net Profit
$25.1M
$202.5M
Gross Margin
11.9%
99.7%
Operating Margin
2.6%
16.2%
Net Margin
1.1%
13.2%
Revenue YoY
7.0%
12.4%
Net Profit YoY
5.0%
100.4%
EPS (diluted)
$3.66

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
GLP
GLP
MCY
MCY
Q4 25
$2.2B
$1.5B
Q3 25
$2.2B
$1.6B
Q2 25
$2.1B
$1.5B
Q1 25
$2.2B
$1.4B
Q4 24
$2.1B
$1.4B
Q3 24
$2.1B
$1.5B
Q2 24
$2.3B
$1.3B
Q1 24
$2.2B
$1.3B
Net Profit
GLP
GLP
MCY
MCY
Q4 25
$25.1M
$202.5M
Q3 25
$29.0M
$280.4M
Q2 25
$25.2M
$166.5M
Q1 25
$18.7M
$-108.3M
Q4 24
$23.9M
$101.1M
Q3 24
$45.9M
$230.9M
Q2 24
$46.1M
$62.6M
Q1 24
$-5.6M
$73.5M
Gross Margin
GLP
GLP
MCY
MCY
Q4 25
11.9%
99.7%
Q3 25
12.1%
99.8%
Q2 25
13.1%
99.8%
Q1 25
11.7%
99.7%
Q4 24
13.0%
99.7%
Q3 24
13.4%
99.8%
Q2 24
12.6%
99.8%
Q1 24
9.8%
99.7%
Operating Margin
GLP
GLP
MCY
MCY
Q4 25
2.6%
16.2%
Q3 25
2.7%
22.1%
Q2 25
2.9%
14.0%
Q1 25
2.6%
-10.2%
Q4 24
2.8%
9.0%
Q3 24
3.9%
18.8%
Q2 24
3.7%
5.8%
Q1 24
1.2%
7.0%
Net Margin
GLP
GLP
MCY
MCY
Q4 25
1.1%
13.2%
Q3 25
1.3%
17.7%
Q2 25
1.2%
11.3%
Q1 25
0.9%
-7.8%
Q4 24
1.2%
7.4%
Q3 24
2.1%
15.1%
Q2 24
2.0%
4.8%
Q1 24
-0.3%
5.8%
EPS (diluted)
GLP
GLP
MCY
MCY
Q4 25
$3.66
Q3 25
$5.06
Q2 25
$3.01
Q1 25
$-1.96
Q4 24
$1.82
Q3 24
$4.17
Q2 24
$1.13
Q1 24
$1.33

Balance Sheet & Financial Strength

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

Metric
GLP
GLP
MCY
MCY
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$575.0M
Stockholders' EquityBook value
$2.4B
Total Assets
$3.9B
$9.6B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Total Debt
GLP
GLP
MCY
MCY
Q4 25
$575.0M
Q3 25
Q2 25
Q1 25
Q4 24
$575.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GLP
GLP
MCY
MCY
Q4 25
$2.4B
Q3 25
$2.2B
Q2 25
$2.0B
Q1 25
$1.8B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$1.6B
Q1 24
$1.6B
Total Assets
GLP
GLP
MCY
MCY
Q4 25
$3.9B
$9.6B
Q3 25
$3.7B
$9.4B
Q2 25
$3.8B
$9.1B
Q1 25
$3.8B
$9.0B
Q4 24
$3.8B
$8.3B
Q3 24
$3.7B
$8.2B
Q2 24
$3.8B
$7.7B
Q1 24
$3.5B
$7.4B
Debt / Equity
GLP
GLP
MCY
MCY
Q4 25
0.24×
Q3 25
Q2 25
Q1 25
Q4 24
0.30×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
GLP
GLP
MCY
MCY
Operating Cash FlowLast quarter
$101.0M
$287.9M
Free Cash FlowOCF − Capex
$62.2M
$273.9M
FCF MarginFCF / Revenue
2.8%
17.8%
Capex IntensityCapex / Revenue
1.8%
0.9%
Cash ConversionOCF / Net Profit
4.03×
1.42×
TTM Free Cash FlowTrailing 4 quarters
$193.3M
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLP
GLP
MCY
MCY
Q4 25
$101.0M
$287.9M
Q3 25
$19.0M
$496.4M
Q2 25
$216.3M
$371.6M
Q1 25
$-51.6M
$-68.7M
Q4 24
$67.2M
$248.3M
Q3 24
$122.7M
$318.1M
Q2 24
$24.3M
$278.0M
Q1 24
$-182.7M
$192.6M
Free Cash Flow
GLP
GLP
MCY
MCY
Q4 25
$62.2M
$273.9M
Q3 25
$-678.0K
$479.5M
Q2 25
$201.3M
$357.2M
Q1 25
$-69.5M
$-81.9M
Q4 24
$20.4M
$236.0M
Q3 24
$98.4M
$306.2M
Q2 24
$8.7M
$266.5M
Q1 24
$-199.3M
$182.4M
FCF Margin
GLP
GLP
MCY
MCY
Q4 25
2.8%
17.8%
Q3 25
-0.0%
30.3%
Q2 25
9.7%
24.2%
Q1 25
-3.2%
-5.9%
Q4 24
1.0%
17.3%
Q3 24
4.6%
20.0%
Q2 24
0.4%
20.4%
Q1 24
-9.0%
14.3%
Capex Intensity
GLP
GLP
MCY
MCY
Q4 25
1.8%
0.9%
Q3 25
0.9%
1.1%
Q2 25
0.7%
1.0%
Q1 25
0.8%
0.9%
Q4 24
2.3%
0.9%
Q3 24
1.1%
0.8%
Q2 24
0.7%
0.9%
Q1 24
0.8%
0.8%
Cash Conversion
GLP
GLP
MCY
MCY
Q4 25
4.03×
1.42×
Q3 25
0.66×
1.77×
Q2 25
8.58×
2.23×
Q1 25
-2.76×
Q4 24
2.82×
2.46×
Q3 24
2.67×
1.38×
Q2 24
0.53×
4.44×
Q1 24
2.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLP
GLP

Gasoline$1.0B46%
Refined Petroleum Products Renewable Fuels Crude Oil And Propane$884.7M40%
Commercial Segment$187.6M8%
Station Operations$110.5M5%

MCY
MCY

Segment breakdown not available.

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