MeritValue

FERRELLGAS PARTNERS L P

FGPRdata completeness 75%17 fiscal years on file

Data notes: no data for concept 'stockholdersEquity'; no data for concept 'epsDiluted'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$1.75B1$2.11B2$2.03B3$1.84B3$1.94B3
Net income−$68.4M4$148M5$136.9M6$110.2M6−$15.6M6
Operating cash flow$206.4M7$160.5M8$212.3M9$245.6M9$136.3M9
Capital expenditure$59.4M10$95.2M11$88.9M12$70.9M12$80M12
Free cash flow (derived)$147M7$65.2M8$123.3M9$174.7M9$56.3M9
Total debt$2.93B13$2.93B14$2.94B15$2.94B16$2.95B16
Cash & equivalents$270.5M17$147.5M18$126.2M19$113.5M20$96.9M20
Diluted shares—————

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
— shares · 5y

Total debt has held roughly steady.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
no diluted share count — cannot compute per-share value
DCF · Growth Exit 5Y
not applicable
no diluted share count — cannot compute per-share value
Earnings Power Value
not applicable
no diluted share count
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-07-31 · accession 0001558370-23-016157 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-07-31 · accession 0001558370-24-013059 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-07-31 · accession 0001104659-25-099508 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-07-31 · accession 0001558370-23-016157 (NetIncomeLoss)
  5. 10-K · period ending 2022-07-31 · accession 0001558370-24-013059 (NetIncomeLoss)
  6. 10-K · period ending 2023-07-31 · accession 0001104659-25-099508 (NetIncomeLoss)
  7. 10-K · period ending 2021-07-31 · accession 0001558370-23-016157 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-07-31 · accession 0001558370-24-013059 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-07-31 · accession 0001104659-25-099508 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-07-31 · accession 0001558370-23-016157 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-07-31 · accession 0001558370-24-013059 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2023-07-31 · accession 0001104659-25-099508 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-07-31 · accession 0001558370-22-014733 (LongTermDebtNoncurrent)
  14. 10-K · period ending 2022-07-31 · accession 0001558370-23-016157 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2023-07-31 · accession 0001558370-24-013059 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2024-07-31 · accession 0001104659-25-099508 (LongTermDebtNoncurrent)
  17. 10-K · period ending 2021-07-31 · accession 0001558370-22-014733 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-07-31 · accession 0001558370-23-016157 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-07-31 · accession 0001558370-24-013059 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-07-31 · accession 0001104659-25-099508 (CashAndCashEquivalentsAtCarryingValue)