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Side-by-side financial comparison of El Pollo Loco Holdings, Inc. (LOCO) 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 $123.5M, roughly 1.5× El Pollo Loco Holdings, Inc.). El Pollo Loco Holdings, Inc. runs the higher net margin — 5.3% vs 1.7%, a 3.6% gap on every dollar of revenue. On growth, El Pollo Loco Holdings, Inc. posted the faster year-over-year revenue change (8.1% vs -2.5%). El Pollo Loco Holdings, Inc. produced more free cash flow last quarter ($5.1M vs $-6.0M). Over the past eight quarters, El Pollo Loco Holdings, Inc.'s revenue compounded faster (3.1% CAGR vs 0.8%).

El Pollo Loco, Inc., is a restaurant chain based in the United States, specializing in Mexican-style grilled chicken. Restaurant service consists of dine-in and take-out, with some locations offering drive-through options. The company is headquartered in Costa Mesa, California, and operates about 500 company-owned and franchised restaurants in the Southwestern United States.

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.

LOCO vs MMLP — Head-to-Head

Bigger by revenue
MMLP
MMLP
1.5× larger
MMLP
$187.7M
$123.5M
LOCO
Growing faster (revenue YoY)
LOCO
LOCO
+10.6% gap
LOCO
8.1%
-2.5%
MMLP
Higher net margin
LOCO
LOCO
3.6% more per $
LOCO
5.3%
1.7%
MMLP
More free cash flow
LOCO
LOCO
$11.1M more FCF
LOCO
$5.1M
$-6.0M
MMLP
Faster 2-yr revenue CAGR
LOCO
LOCO
Annualised
LOCO
3.1%
0.8%
MMLP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LOCO
LOCO
MMLP
MMLP
Revenue
$123.5M
$187.7M
Net Profit
$6.5M
$3.2M
Gross Margin
Operating Margin
8.3%
4.1%
Net Margin
5.3%
1.7%
Revenue YoY
8.1%
-2.5%
Net Profit YoY
9.9%
-37.1%
EPS (diluted)
$0.22

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
LOCO
LOCO
MMLP
MMLP
Q1 26
$187.7M
Q4 25
$123.5M
$174.2M
Q3 25
$121.5M
$168.7M
Q2 25
$125.8M
$180.7M
Q1 25
$119.2M
$192.5M
Q4 24
$114.3M
$171.3M
Q3 24
$120.4M
$170.9M
Q2 24
$122.2M
$184.5M
Net Profit
LOCO
LOCO
MMLP
MMLP
Q1 26
$3.2M
Q4 25
$6.5M
$-2.9M
Q3 25
$7.4M
$-8.4M
Q2 25
$7.1M
$-2.4M
Q1 25
$5.5M
$-1.0M
Q4 24
$6.0M
$-8.9M
Q3 24
$6.2M
$-3.3M
Q2 24
$7.6M
$3.8M
Gross Margin
LOCO
LOCO
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
LOCO
LOCO
MMLP
MMLP
Q1 26
4.1%
Q4 25
8.3%
7.3%
Q3 25
9.4%
4.1%
Q2 25
9.0%
8.2%
Q1 25
7.5%
7.5%
Q4 24
7.9%
4.0%
Q3 24
8.4%
7.4%
Q2 24
10.1%
10.8%
Net Margin
LOCO
LOCO
MMLP
MMLP
Q1 26
1.7%
Q4 25
5.3%
-1.7%
Q3 25
6.1%
-5.0%
Q2 25
5.6%
-1.3%
Q1 25
4.6%
-0.5%
Q4 24
5.2%
-5.2%
Q3 24
5.1%
-1.9%
Q2 24
6.2%
2.0%
EPS (diluted)
LOCO
LOCO
MMLP
MMLP
Q1 26
Q4 25
$0.22
Q3 25
$0.25
Q2 25
$0.24
Q1 25
$0.19
Q4 24
$0.21
Q3 24
$0.21
Q2 24
$0.25

Balance Sheet & Financial Strength

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

Metric
LOCO
LOCO
MMLP
MMLP
Cash + ST InvestmentsLiquidity on hand
$6.2M
Total DebtLower is stronger
$51.0M
Stockholders' EquityBook value
$291.1M
Total Assets
$606.6M
$537.1M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOCO
LOCO
MMLP
MMLP
Q1 26
Q4 25
$6.2M
Q3 25
$10.9M
Q2 25
$9.0M
Q1 25
$4.3M
Q4 24
$2.5M
Q3 24
$7.9M
Q2 24
$10.5M
Total Debt
LOCO
LOCO
MMLP
MMLP
Q1 26
Q4 25
$51.0M
$428.0M
Q3 25
$61.0M
$441.3M
Q2 25
$69.0M
$427.8M
Q1 25
$73.0M
$451.4M
Q4 24
$71.0M
$437.6M
Q3 24
$76.0M
$469.3M
Q2 24
$87.0M
$439.4M
Stockholders' Equity
LOCO
LOCO
MMLP
MMLP
Q1 26
Q4 25
$291.1M
Q3 25
$282.9M
Q2 25
$274.2M
Q1 25
$265.7M
Q4 24
$260.7M
Q3 24
$255.2M
Q2 24
$248.6M
Total Assets
LOCO
LOCO
MMLP
MMLP
Q1 26
$537.1M
Q4 25
$606.6M
$522.4M
Q3 25
$602.7M
$510.1M
Q2 25
$596.8M
$515.6M
Q1 25
$590.5M
$533.4M
Q4 24
$592.0M
$538.5M
Q3 24
$590.0M
$554.8M
Q2 24
$593.8M
$535.1M
Debt / Equity
LOCO
LOCO
MMLP
MMLP
Q1 26
Q4 25
0.18×
Q3 25
0.22×
Q2 25
0.25×
Q1 25
0.27×
Q4 24
0.27×
Q3 24
0.30×
Q2 24
0.35×

Cash Flow & Capital Efficiency

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

Metric
LOCO
LOCO
MMLP
MMLP
Operating Cash FlowLast quarter
$13.9M
Free Cash FlowOCF − Capex
$5.1M
$-6.0M
FCF MarginFCF / Revenue
4.1%
-3.2%
Capex IntensityCapex / Revenue
7.1%
1.6%
Cash ConversionOCF / Net Profit
2.13×
TTM Free Cash FlowTrailing 4 quarters
$25.4M
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOCO
LOCO
MMLP
MMLP
Q1 26
Q4 25
$13.9M
$22.4M
Q3 25
$15.3M
$-1.2M
Q2 25
$14.1M
$30.9M
Q1 25
$4.7M
$-6.0M
Q4 24
$5.6M
$42.2M
Q3 24
$13.0M
$-15.8M
Q2 24
$17.0M
$11.8M
Free Cash Flow
LOCO
LOCO
MMLP
MMLP
Q1 26
$-6.0M
Q4 25
$5.1M
$15.6M
Q3 25
$9.9M
$-7.9M
Q2 25
$9.1M
$25.6M
Q1 25
$1.3M
$-11.9M
Q4 24
$1.1M
$34.2M
Q3 24
$9.1M
$-25.6M
Q2 24
$10.4M
$-696.0K
FCF Margin
LOCO
LOCO
MMLP
MMLP
Q1 26
-3.2%
Q4 25
4.1%
8.9%
Q3 25
8.2%
-4.7%
Q2 25
7.2%
14.2%
Q1 25
1.1%
-6.2%
Q4 24
1.0%
20.0%
Q3 24
7.6%
-15.0%
Q2 24
8.5%
-0.4%
Capex Intensity
LOCO
LOCO
MMLP
MMLP
Q1 26
1.6%
Q4 25
7.1%
3.9%
Q3 25
4.4%
4.0%
Q2 25
4.0%
3.0%
Q1 25
2.8%
3.1%
Q4 24
3.9%
4.6%
Q3 24
3.2%
5.8%
Q2 24
5.3%
6.8%
Cash Conversion
LOCO
LOCO
MMLP
MMLP
Q1 26
Q4 25
2.13×
Q3 25
2.08×
Q2 25
1.99×
Q1 25
0.86×
Q4 24
0.95×
Q3 24
2.11×
Q2 24
2.22×
3.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LOCO
LOCO

Services$102.4M83%
Franchise$13.0M11%
Franchise Advertising Fee$8.1M7%

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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