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Side-by-side financial comparison of MARTIN MIDSTREAM PARTNERS L.P. (MMLP) and Stock Yards Bancorp, Inc. (SYBT). 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 $104.4M, roughly 1.8× Stock Yards Bancorp, Inc.). Stock Yards Bancorp, Inc. runs the higher net margin — 35.1% vs 1.7%, a 33.4% gap on every dollar of revenue. On growth, Stock Yards Bancorp, Inc. posted the faster year-over-year revenue change (11.7% vs -2.5%). Stock Yards Bancorp, Inc. produced more free cash flow last quarter ($154.0M vs $-6.0M). Over the past eight quarters, Stock Yards Bancorp, Inc.'s revenue compounded faster (11.9% CAGR vs 0.8%).

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.

Community Trust Bancorp is an American regional bank holding company that was founded in 1903 as Pikeville National Bank. The renamed corporation continues to have its headquarters in Pikeville, Kentucky, at the heart of Appalachia. Community Trust Bancorp operates a commercial bank, Community Trust Bank, and a trust company, Community Trust and Investment Company of Lexington.

MMLP vs SYBT — Head-to-Head

Bigger by revenue
MMLP
MMLP
1.8× larger
MMLP
$187.7M
$104.4M
SYBT
Growing faster (revenue YoY)
SYBT
SYBT
+14.2% gap
SYBT
11.7%
-2.5%
MMLP
Higher net margin
SYBT
SYBT
33.4% more per $
SYBT
35.1%
1.7%
MMLP
More free cash flow
SYBT
SYBT
$160.0M more FCF
SYBT
$154.0M
$-6.0M
MMLP
Faster 2-yr revenue CAGR
SYBT
SYBT
Annualised
SYBT
11.9%
0.8%
MMLP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MMLP
MMLP
SYBT
SYBT
Revenue
$187.7M
$104.4M
Net Profit
$3.2M
$36.6M
Gross Margin
Operating Margin
4.1%
45.9%
Net Margin
1.7%
35.1%
Revenue YoY
-2.5%
11.7%
Net Profit YoY
-37.1%
15.5%
EPS (diluted)
$1.24

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
SYBT
SYBT
Q1 26
$187.7M
Q4 25
$174.2M
$104.4M
Q3 25
$168.7M
$101.5M
Q2 25
$180.7M
$97.8M
Q1 25
$192.5M
$93.5M
Q4 24
$171.3M
$93.5M
Q3 24
$170.9M
$89.8M
Q2 24
$184.5M
$85.7M
Net Profit
MMLP
MMLP
SYBT
SYBT
Q1 26
$3.2M
Q4 25
$-2.9M
$36.6M
Q3 25
$-8.4M
$36.2M
Q2 25
$-2.4M
$34.0M
Q1 25
$-1.0M
$33.3M
Q4 24
$-8.9M
$31.7M
Q3 24
$-3.3M
$29.4M
Q2 24
$3.8M
$27.6M
Gross Margin
MMLP
MMLP
SYBT
SYBT
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
SYBT
SYBT
Q1 26
4.1%
Q4 25
7.3%
45.9%
Q3 25
4.1%
45.0%
Q2 25
8.2%
43.9%
Q1 25
7.5%
44.5%
Q4 24
4.0%
41.9%
Q3 24
7.4%
41.2%
Q2 24
10.8%
41.2%
Net Margin
MMLP
MMLP
SYBT
SYBT
Q1 26
1.7%
Q4 25
-1.7%
35.1%
Q3 25
-5.0%
35.7%
Q2 25
-1.3%
34.8%
Q1 25
-0.5%
35.6%
Q4 24
-5.2%
33.9%
Q3 24
-1.9%
32.7%
Q2 24
2.0%
32.2%
EPS (diluted)
MMLP
MMLP
SYBT
SYBT
Q1 26
Q4 25
$1.24
Q3 25
$1.23
Q2 25
$1.15
Q1 25
$1.13
Q4 24
$1.07
Q3 24
$1.00
Q2 24
$0.94

Balance Sheet & Financial Strength

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

Metric
MMLP
MMLP
SYBT
SYBT
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$26.8M
Stockholders' EquityBook value
$1.1B
Total Assets
$537.1M
$9.5B
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Total Debt
MMLP
MMLP
SYBT
SYBT
Q1 26
Q4 25
$428.0M
$26.8M
Q3 25
$441.3M
$26.8M
Q2 25
$427.8M
Q1 25
$451.4M
$26.8M
Q4 24
$437.6M
$26.8M
Q3 24
$469.3M
$26.8M
Q2 24
$439.4M
$26.8M
Stockholders' Equity
MMLP
MMLP
SYBT
SYBT
Q1 26
Q4 25
$1.1B
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$975.5M
Q4 24
$940.5M
Q3 24
$934.1M
Q2 24
$894.5M
Total Assets
MMLP
MMLP
SYBT
SYBT
Q1 26
$537.1M
Q4 25
$522.4M
$9.5B
Q3 25
$510.1M
$9.3B
Q2 25
$515.6M
$9.2B
Q1 25
$533.4M
$9.0B
Q4 24
$538.5M
$8.9B
Q3 24
$554.8M
$8.4B
Q2 24
$535.1M
$8.3B
Debt / Equity
MMLP
MMLP
SYBT
SYBT
Q1 26
Q4 25
0.02×
Q3 25
0.03×
Q2 25
Q1 25
0.03×
Q4 24
0.03×
Q3 24
0.03×
Q2 24
0.03×

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
SYBT
SYBT
Operating Cash FlowLast quarter
$166.0M
Free Cash FlowOCF − Capex
$-6.0M
$154.0M
FCF MarginFCF / Revenue
-3.2%
147.5%
Capex IntensityCapex / Revenue
1.6%
11.5%
Cash ConversionOCF / Net Profit
4.54×
TTM Free Cash FlowTrailing 4 quarters
$27.2M
$260.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMLP
MMLP
SYBT
SYBT
Q1 26
Q4 25
$22.4M
$166.0M
Q3 25
$-1.2M
$38.2M
Q2 25
$30.9M
$55.9M
Q1 25
$-6.0M
$19.8M
Q4 24
$42.2M
$142.9M
Q3 24
$-15.8M
$55.4M
Q2 24
$11.8M
$51.1M
Free Cash Flow
MMLP
MMLP
SYBT
SYBT
Q1 26
$-6.0M
Q4 25
$15.6M
$154.0M
Q3 25
$-7.9M
$35.2M
Q2 25
$25.6M
$53.5M
Q1 25
$-11.9M
$17.8M
Q4 24
$34.2M
$133.0M
Q3 24
$-25.6M
$53.9M
Q2 24
$-696.0K
$47.9M
FCF Margin
MMLP
MMLP
SYBT
SYBT
Q1 26
-3.2%
Q4 25
8.9%
147.5%
Q3 25
-4.7%
34.6%
Q2 25
14.2%
54.7%
Q1 25
-6.2%
19.1%
Q4 24
20.0%
142.3%
Q3 24
-15.0%
60.0%
Q2 24
-0.4%
55.9%
Capex Intensity
MMLP
MMLP
SYBT
SYBT
Q1 26
1.6%
Q4 25
3.9%
11.5%
Q3 25
4.0%
3.0%
Q2 25
3.0%
2.5%
Q1 25
3.1%
2.1%
Q4 24
4.6%
10.5%
Q3 24
5.8%
1.7%
Q2 24
6.8%
3.8%
Cash Conversion
MMLP
MMLP
SYBT
SYBT
Q1 26
Q4 25
4.54×
Q3 25
1.05×
Q2 25
1.64×
Q1 25
0.59×
Q4 24
4.51×
Q3 24
1.89×
Q2 24
3.13×
1.85×

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%

SYBT
SYBT

Segment breakdown not available.

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