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

Phoenix Education Partners, Inc. is the larger business by last-quarter revenue ($222.5M vs $187.7M, roughly 1.2× MARTIN MIDSTREAM PARTNERS L.P.). Phoenix Education Partners, Inc. runs the higher net margin — 4.8% vs 1.7%, a 3.1% gap on every dollar of revenue. Phoenix Education Partners, Inc. produced more free cash flow last quarter ($43.5M vs $-6.0M).

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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

MMLP vs PXED — Head-to-Head

Bigger by revenue
PXED
PXED
1.2× larger
PXED
$222.5M
$187.7M
MMLP
Higher net margin
PXED
PXED
3.1% more per $
PXED
4.8%
1.7%
MMLP
More free cash flow
PXED
PXED
$49.5M more FCF
PXED
$43.5M
$-6.0M
MMLP

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
MMLP
MMLP
PXED
PXED
Revenue
$187.7M
$222.5M
Net Profit
$3.2M
$10.8M
Gross Margin
Operating Margin
4.1%
6.3%
Net Margin
1.7%
4.8%
Revenue YoY
-2.5%
Net Profit YoY
-37.1%
EPS (diluted)
$0.28

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
MMLP
MMLP
PXED
PXED
Q1 26
$187.7M
$222.5M
Q4 25
$174.2M
$262.0M
Q3 25
$168.7M
Q2 25
$180.7M
Q1 25
$192.5M
Q4 24
$171.3M
Q3 24
$170.9M
Q2 24
$184.5M
Net Profit
MMLP
MMLP
PXED
PXED
Q1 26
$3.2M
$10.8M
Q4 25
$-2.9M
$15.5M
Q3 25
$-8.4M
Q2 25
$-2.4M
Q1 25
$-1.0M
Q4 24
$-8.9M
Q3 24
$-3.3M
Q2 24
$3.8M
Gross Margin
MMLP
MMLP
PXED
PXED
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
MMLP
MMLP
PXED
PXED
Q1 26
4.1%
6.3%
Q4 25
7.3%
9.8%
Q3 25
4.1%
Q2 25
8.2%
Q1 25
7.5%
Q4 24
4.0%
Q3 24
7.4%
Q2 24
10.8%
Net Margin
MMLP
MMLP
PXED
PXED
Q1 26
1.7%
4.8%
Q4 25
-1.7%
5.9%
Q3 25
-5.0%
Q2 25
-1.3%
Q1 25
-0.5%
Q4 24
-5.2%
Q3 24
-1.9%
Q2 24
2.0%
EPS (diluted)
MMLP
MMLP
PXED
PXED
Q1 26
$0.28
Q4 25
$0.40
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Balance Sheet & Financial Strength

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

Metric
MMLP
MMLP
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$201.4M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$291.1M
Total Assets
$537.1M
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMLP
MMLP
PXED
PXED
Q1 26
$201.4M
Q4 25
$163.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
MMLP
MMLP
PXED
PXED
Q1 26
$58.8M
Q4 25
$428.0M
$61.6M
Q3 25
$441.3M
Q2 25
$427.8M
Q1 25
$451.4M
Q4 24
$437.6M
Q3 24
$469.3M
Q2 24
$439.4M
Stockholders' Equity
MMLP
MMLP
PXED
PXED
Q1 26
$291.1M
Q4 25
$280.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Assets
MMLP
MMLP
PXED
PXED
Q1 26
$537.1M
$546.4M
Q4 25
$522.4M
$549.6M
Q3 25
$510.1M
Q2 25
$515.6M
Q1 25
$533.4M
Q4 24
$538.5M
Q3 24
$554.8M
Q2 24
$535.1M
Debt / Equity
MMLP
MMLP
PXED
PXED
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
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
MMLP
MMLP
PXED
PXED
Operating Cash FlowLast quarter
$48.9M
Free Cash FlowOCF − Capex
$-6.0M
$43.5M
FCF MarginFCF / Revenue
-3.2%
19.6%
Capex IntensityCapex / Revenue
1.6%
2.4%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMLP
MMLP
PXED
PXED
Q1 26
$48.9M
Q4 25
$22.4M
$31.1M
Q3 25
$-1.2M
Q2 25
$30.9M
Q1 25
$-6.0M
Q4 24
$42.2M
Q3 24
$-15.8M
Q2 24
$11.8M
Free Cash Flow
MMLP
MMLP
PXED
PXED
Q1 26
$-6.0M
$43.5M
Q4 25
$15.6M
$26.4M
Q3 25
$-7.9M
Q2 25
$25.6M
Q1 25
$-11.9M
Q4 24
$34.2M
Q3 24
$-25.6M
Q2 24
$-696.0K
FCF Margin
MMLP
MMLP
PXED
PXED
Q1 26
-3.2%
19.6%
Q4 25
8.9%
10.1%
Q3 25
-4.7%
Q2 25
14.2%
Q1 25
-6.2%
Q4 24
20.0%
Q3 24
-15.0%
Q2 24
-0.4%
Capex Intensity
MMLP
MMLP
PXED
PXED
Q1 26
1.6%
2.4%
Q4 25
3.9%
1.8%
Q3 25
4.0%
Q2 25
3.0%
Q1 25
3.1%
Q4 24
4.6%
Q3 24
5.8%
Q2 24
6.8%
Cash Conversion
MMLP
MMLP
PXED
PXED
Q1 26
4.53×
Q4 25
2.01×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MMLP
MMLP

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

PXED
PXED

Segment breakdown not available.

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