vs

Side-by-side financial comparison of MARTIN MIDSTREAM PARTNERS L.P. (MMLP) and UNITED FIRE GROUP INC (UFCS). Click either name above to swap in a different company.

UNITED FIRE GROUP INC is the larger business by last-quarter revenue ($365.8M vs $187.7M, roughly 1.9× MARTIN MIDSTREAM PARTNERS L.P.). On growth, UNITED FIRE GROUP INC posted the faster year-over-year revenue change (9.8% vs -2.5%). Over the past eight quarters, UNITED FIRE GROUP INC's revenue compounded faster (11.2% 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.

The United Fruit Company was an American multinational corporation that traded in tropical fruit grown on Latin American plantations and sold in the United States and Europe. The company was formed in 1899 from the merger of the Boston Fruit Company with Minor C. Keith's banana-trading enterprises. It flourished in the early and mid-20th century, and it came to control vast territories and transportation networks in Central America, the Caribbean coast of Colombia, and the West Indies. Althou...

MMLP vs UFCS — Head-to-Head

Bigger by revenue
UFCS
UFCS
1.9× larger
UFCS
$365.8M
$187.7M
MMLP
Growing faster (revenue YoY)
UFCS
UFCS
+12.3% gap
UFCS
9.8%
-2.5%
MMLP
Faster 2-yr revenue CAGR
UFCS
UFCS
Annualised
UFCS
11.2%
0.8%
MMLP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MMLP
MMLP
UFCS
UFCS
Revenue
$187.7M
$365.8M
Net Profit
$3.2M
Gross Margin
Operating Margin
4.1%
13.2%
Net Margin
1.7%
Revenue YoY
-2.5%
9.8%
Net Profit YoY
-37.1%
EPS (diluted)
$1.45

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
UFCS
UFCS
Q1 26
$187.7M
Q4 25
$174.2M
$365.8M
Q3 25
$168.7M
$354.0M
Q2 25
$180.7M
$335.5M
Q1 25
$192.5M
$331.1M
Q4 24
$171.3M
$333.2M
Q3 24
$170.9M
$323.0M
Q2 24
$184.5M
$301.2M
Net Profit
MMLP
MMLP
UFCS
UFCS
Q1 26
$3.2M
Q4 25
$-2.9M
Q3 25
$-8.4M
$39.2M
Q2 25
$-2.4M
$22.9M
Q1 25
$-1.0M
$17.7M
Q4 24
$-8.9M
Q3 24
$-3.3M
$19.7M
Q2 24
$3.8M
$-2.7M
Gross Margin
MMLP
MMLP
UFCS
UFCS
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
UFCS
UFCS
Q1 26
4.1%
Q4 25
7.3%
13.2%
Q3 25
4.1%
13.7%
Q2 25
8.2%
8.7%
Q1 25
7.5%
6.6%
Q4 24
4.0%
11.9%
Q3 24
7.4%
7.7%
Q2 24
10.8%
-1.3%
Net Margin
MMLP
MMLP
UFCS
UFCS
Q1 26
1.7%
Q4 25
-1.7%
Q3 25
-5.0%
11.1%
Q2 25
-1.3%
6.8%
Q1 25
-0.5%
5.3%
Q4 24
-5.2%
Q3 24
-1.9%
6.1%
Q2 24
2.0%
-0.9%
EPS (diluted)
MMLP
MMLP
UFCS
UFCS
Q1 26
Q4 25
$1.45
Q3 25
$1.49
Q2 25
$0.87
Q1 25
$0.67
Q4 24
$1.22
Q3 24
$0.76
Q2 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
MMLP
MMLP
UFCS
UFCS
Cash + ST InvestmentsLiquidity on hand
$156.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$941.2M
Total Assets
$537.1M
$3.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMLP
MMLP
UFCS
UFCS
Q1 26
Q4 25
$156.3M
Q3 25
$233.7M
Q2 25
$202.1M
Q1 25
$183.7M
Q4 24
$200.9M
Q3 24
$197.4M
Q2 24
$153.4M
Total Debt
MMLP
MMLP
UFCS
UFCS
Q1 26
Q4 25
$428.0M
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
UFCS
UFCS
Q1 26
Q4 25
$941.2M
Q3 25
$898.7M
Q2 25
$845.7M
Q1 25
$817.7M
Q4 24
$781.5M
Q3 24
$785.8M
Q2 24
$726.6M
Total Assets
MMLP
MMLP
UFCS
UFCS
Q1 26
$537.1M
Q4 25
$522.4M
$3.8B
Q3 25
$510.1M
$3.8B
Q2 25
$515.6M
$3.7B
Q1 25
$533.4M
$3.5B
Q4 24
$538.5M
$3.5B
Q3 24
$554.8M
$3.5B
Q2 24
$535.1M
$3.4B

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
UFCS
UFCS
Operating Cash FlowLast quarter
$269.7M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-3.2%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMLP
MMLP
UFCS
UFCS
Q1 26
Q4 25
$22.4M
$269.7M
Q3 25
$-1.2M
$60.8M
Q2 25
$30.9M
$53.4M
Q1 25
$-6.0M
$35.7M
Q4 24
$42.2M
$340.3M
Q3 24
$-15.8M
$56.5M
Q2 24
$11.8M
$91.3M
Free Cash Flow
MMLP
MMLP
UFCS
UFCS
Q1 26
$-6.0M
Q4 25
$15.6M
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
UFCS
UFCS
Q1 26
-3.2%
Q4 25
8.9%
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
UFCS
UFCS
Q1 26
1.6%
Q4 25
3.9%
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
UFCS
UFCS
Q1 26
Q4 25
Q3 25
1.55×
Q2 25
2.33×
Q1 25
2.02×
Q4 24
Q3 24
2.86×
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%

UFCS
UFCS

Segment breakdown not available.

Related Comparisons