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Sunoco SUN Foreign — Operating Loss Carryforwards

Other geography segments

State
$6M

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Other financials

Income statement

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Revenue$14.3B+165%
Gross profit$1.5B+157%
Operating income$583.0M+187%
Net income$283.0M+229%
EPS (diluted)$0.94+185%

Balance sheet

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Cash & equivalents$773.0M+566%
Total debt$15.4B+82.1%
Total assets$29.9B+107%

Cash flow

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Operating cash flow$1.1B+353%
CapEx$173.0M+8.1%
Free cash flow$928.0M+1,018%

Valuation

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Market cap$13.82B+91.7%
Enterprise value$28.49B+83.0%
P/E11.9×-4.6×
P/S0.4×0.0×

Profitability

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Gross margin11.9%+1.4pp
Operating margin4.8%+0.9pp
Net margin2.9%+0.9pp
FCF margin4.2%

Returns & leverage

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Current ratio1.3×-0.2×

Where this comes from

Reported directly by Sunoco in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The source filing: Sunoco’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 4:26 PM EST
Fiscal year
FY2025
Accession
0001552275-26-000021

As of December 31, 2025, Sunoco Retail had federal NOL carryforwards of $287 million, that may be carried forward indefinitely. Of this amount, $206 million is subject to limitations under IRC §382 (ownership-change limitation) and $35 million is limited under Separate Return Limitation Year (“SRLY”) rules. Although these federal NOLs are expected to be fully utilized, the amount utilized in a particular year may be limited. Sunoco Retail's foreign subsidiaries had NOL carryforwards of $425 million, of which, $279 million expire between 2026 and 2045. Our corporate subsidiaries have state NOL carryforward benefits of $6 million, net of federal tax, with some expiring between 2026 and 2044 and others carried forward indefinitely. Our

Item 16. Form 10-K Summary

FAQ

What is Sunoco's foreign — operating loss carryforwards?
Sunoco (SUN) reported foreign — operating loss carryforwards of $425M in Q4 2025.
What does foreign — operating loss carryforwards mean?
This metric represents the accumulated tax losses generated by foreign operations that can be utilized to offset future taxable income in those specific jurisdictions. It reflects the historical profitability challenges or strategic investments made within international markets. Investors monitor this to assess potential future tax shields available to the company in foreign territories.

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