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Side-by-side financial comparison of GLOBAL PARTNERS LP (GLP) and News Corp (Class A) (NWSA). Click either name above to swap in a different company.

News Corp (Class A) is the larger business by last-quarter revenue ($2.4B vs $2.2B, roughly 1.1× GLOBAL PARTNERS LP). News Corp (Class A) runs the higher net margin — 8.2% vs 1.1%, a 7.0% gap on every dollar of revenue. On growth, GLOBAL PARTNERS LP posted the faster year-over-year revenue change (7.0% vs 5.5%). News Corp (Class A) produced more free cash flow last quarter ($132.0M vs $62.2M). Over the past eight quarters, GLOBAL PARTNERS LP's revenue compounded faster (0.2% CAGR vs -1.3%).

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.

News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called "hard news" to differentiate it from soft media.

GLP vs NWSA — Head-to-Head

Bigger by revenue
NWSA
NWSA
1.1× larger
NWSA
$2.4B
$2.2B
GLP
Growing faster (revenue YoY)
GLP
GLP
+1.4% gap
GLP
7.0%
5.5%
NWSA
Higher net margin
NWSA
NWSA
7.0% more per $
NWSA
8.2%
1.1%
GLP
More free cash flow
NWSA
NWSA
$69.8M more FCF
NWSA
$132.0M
$62.2M
GLP
Faster 2-yr revenue CAGR
GLP
GLP
Annualised
GLP
0.2%
-1.3%
NWSA

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
GLP
GLP
NWSA
NWSA
Revenue
$2.2B
$2.4B
Net Profit
$25.1M
$193.0M
Gross Margin
11.9%
Operating Margin
2.6%
Net Margin
1.1%
8.2%
Revenue YoY
7.0%
5.5%
Net Profit YoY
5.0%
-10.2%
EPS (diluted)
$0.34

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
NWSA
NWSA
Q4 25
$2.2B
$2.4B
Q3 25
$2.2B
$2.1B
Q2 25
$2.1B
$1.6B
Q1 25
$2.2B
$2.0B
Q4 24
$2.1B
$2.2B
Q3 24
$2.1B
$2.6B
Q2 24
$2.3B
$2.6B
Q1 24
$2.2B
$2.4B
Net Profit
GLP
GLP
NWSA
NWSA
Q4 25
$25.1M
$193.0M
Q3 25
$29.0M
$112.0M
Q2 25
$25.2M
$743.0M
Q1 25
$18.7M
$103.0M
Q4 24
$23.9M
$215.0M
Q3 24
$45.9M
$119.0M
Q2 24
$46.1M
$50.0M
Q1 24
$-5.6M
$30.0M
Gross Margin
GLP
GLP
NWSA
NWSA
Q4 25
11.9%
Q3 25
12.1%
Q2 25
13.1%
Q1 25
11.7%
Q4 24
13.0%
Q3 24
13.4%
Q2 24
12.6%
Q1 24
9.8%
Operating Margin
GLP
GLP
NWSA
NWSA
Q4 25
2.6%
Q3 25
2.7%
Q2 25
2.9%
8.5%
Q1 25
2.6%
7.5%
Q4 24
2.8%
19.2%
Q3 24
3.9%
7.9%
Q2 24
3.7%
4.3%
Q1 24
1.2%
2.6%
Net Margin
GLP
GLP
NWSA
NWSA
Q4 25
1.1%
8.2%
Q3 25
1.3%
5.2%
Q2 25
1.2%
45.6%
Q1 25
0.9%
5.1%
Q4 24
1.2%
9.6%
Q3 24
2.1%
4.6%
Q2 24
2.0%
1.9%
Q1 24
-0.3%
1.2%
EPS (diluted)
GLP
GLP
NWSA
NWSA
Q4 25
$0.34
Q3 25
$0.20
Q2 25
$1.30
Q1 25
$0.18
Q4 24
$0.38
Q3 24
$0.21
Q2 24
$0.09
Q1 24
$0.05

Balance Sheet & Financial Strength

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

Metric
GLP
GLP
NWSA
NWSA
Cash + ST InvestmentsLiquidity on hand
$2.1B
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$8.8B
Total Assets
$3.9B
$15.5B
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLP
GLP
NWSA
NWSA
Q4 25
$2.1B
Q3 25
$2.2B
Q2 25
$2.4B
Q1 25
$2.1B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$2.0B
Q1 24
$1.9B
Total Debt
GLP
GLP
NWSA
NWSA
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.9B
Q2 24
$2.9B
Q1 24
$2.9B
Stockholders' Equity
GLP
GLP
NWSA
NWSA
Q4 25
$8.8B
Q3 25
$8.7B
Q2 25
$8.8B
Q1 25
$8.2B
Q4 24
$8.1B
Q3 24
$8.3B
Q2 24
$8.1B
Q1 24
$8.1B
Total Assets
GLP
GLP
NWSA
NWSA
Q4 25
$3.9B
$15.5B
Q3 25
$3.7B
$15.3B
Q2 25
$3.8B
$15.5B
Q1 25
$3.8B
$16.6B
Q4 24
$3.8B
$16.2B
Q3 24
$3.7B
$16.9B
Q2 24
$3.8B
$16.7B
Q1 24
$3.5B
$16.5B
Debt / Equity
GLP
GLP
NWSA
NWSA
Q4 25
0.22×
Q3 25
0.22×
Q2 25
0.22×
Q1 25
0.24×
Q4 24
0.24×
Q3 24
0.35×
Q2 24
0.36×
Q1 24
0.36×

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
NWSA
NWSA
Operating Cash FlowLast quarter
$101.0M
$231.0M
Free Cash FlowOCF − Capex
$62.2M
$132.0M
FCF MarginFCF / Revenue
2.8%
5.6%
Capex IntensityCapex / Revenue
1.8%
4.2%
Cash ConversionOCF / Net Profit
4.03×
1.20×
TTM Free Cash FlowTrailing 4 quarters
$193.3M
$586.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLP
GLP
NWSA
NWSA
Q4 25
$101.0M
$231.0M
Q3 25
$19.0M
$85.0M
Q2 25
$216.3M
$189.0M
Q1 25
$-51.6M
$511.0M
Q4 24
$67.2M
$252.0M
Q3 24
$122.7M
$64.0M
Q2 24
$24.3M
$254.0M
Q1 24
$-182.7M
$539.0M
Free Cash Flow
GLP
GLP
NWSA
NWSA
Q4 25
$62.2M
$132.0M
Q3 25
$-678.0K
$4.0M
Q2 25
$201.3M
$32.0M
Q1 25
$-69.5M
$418.0M
Q4 24
$20.4M
$190.0M
Q3 24
$98.4M
$-31.0M
Q2 24
$8.7M
$111.0M
Q1 24
$-199.3M
$422.0M
FCF Margin
GLP
GLP
NWSA
NWSA
Q4 25
2.8%
5.6%
Q3 25
-0.0%
0.2%
Q2 25
9.7%
2.0%
Q1 25
-3.2%
20.8%
Q4 24
1.0%
8.5%
Q3 24
4.6%
-1.2%
Q2 24
0.4%
4.3%
Q1 24
-9.0%
17.4%
Capex Intensity
GLP
GLP
NWSA
NWSA
Q4 25
1.8%
4.2%
Q3 25
0.9%
3.8%
Q2 25
0.7%
9.6%
Q1 25
0.8%
4.6%
Q4 24
2.3%
2.8%
Q3 24
1.1%
3.7%
Q2 24
0.7%
5.5%
Q1 24
0.8%
4.8%
Cash Conversion
GLP
GLP
NWSA
NWSA
Q4 25
4.03×
1.20×
Q3 25
0.66×
0.76×
Q2 25
8.58×
0.25×
Q1 25
-2.76×
4.96×
Q4 24
2.82×
1.17×
Q3 24
2.67×
0.54×
Q2 24
0.53×
5.08×
Q1 24
17.97×

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%

NWSA
NWSA

Book Publishing Segment$633.0M27%
Consumer$607.0M26%
News And Information Services Segment$570.0M24%
Real Estate$401.0M17%
Other Product Or Service$173.0M7%

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