MPC · Marathon Petroleum Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.20B | - | $34.81B | $33.80B | $31.52B | - | $35.11B | $37.91B | $32.71B | - |
| Cost of Revenue | $31.26B | - | $31.20B | $30.02B | $29.36B | - | $32.14B | $33.95B | $29.59B | - |
| Gross Profit | $2.94B | - | $3.61B | $3.77B | $2.16B | - | $2.96B | $3.97B | $3.11B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $867.00M | - | $863.00M | $867.00M | $783.00M | - | $815.00M | $823.00M | $779.00M | - |
| Total Operating Expenses | $33.16B | - | $33.14B | $31.90B | $31.16B | - | $34.02B | $35.84B | $31.43B | - |
| D&A | $809.00M | - | $841.00M | $789.00M | $793.00M | - | $846.00M | $838.00M | $827.00M | - |
| Operating Income | $1.40B | - | $2.71B | $2.20B | $687.00M | - | $1.35B | $2.52B | $1.78B | - |
| Interest Expense | $420.00M | - | $368.00M | $359.00M | $352.00M | - | $352.00M | $341.00M | $341.00M | - |
| Income Tax | $183.00M | - | $460.00M | $268.00M | $37.00M | - | $113.00M | $373.00M | $293.00M | - |
| Net Income | $511.00M | - | $1.37B | $1.22B | ($74.00M) | - | $622.00M | $1.51B | $937.00M | - |
| EPS - Basic | $1.73 | - | $4.51 | $3.96 | ($0.24) | - | $1.88 | $4.34 | $2.59 | - |
| EPS - Diluted | $1.73 | - | $4.51 | $3.96 | ($0.24) | - | $1.87 | $4.33 | $2.58 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.15B | $3.67B | $2.65B | $1.67B | $3.81B | $3.21B | $4.00B | $4.44B | $3.17B | $5.44B |
| Accounts Receivable | $14.63B | $10.32B | $10.49B | $11.13B | $12.11B | $11.14B | $10.18B | $12.31B | $13.17B | $11.62B |
| Inventory | $10.76B | $10.13B | $9.83B | $10.11B | $10.49B | $9.57B | $9.89B | $9.80B | $9.78B | $9.32B |
| Accounts Payable | $17.62B | $12.97B | $12.49B | $13.35B | $14.75B | $13.91B | $12.76B | $14.87B | $15.47B | $13.76B |
| Current Assets | $28.70B | $24.78B | $24.63B | $23.73B | $27.14B | $24.45B | $25.95B | $31.35B | $31.26B | $32.13B |
| Total Assets | $88.19B | $83.95B | $83.24B | $78.48B | $81.63B | $78.86B | $79.83B | $85.23B | $85.53B | $85.99B |
| Current Liabilities | $24.41B | $19.68B | $18.73B | $19.25B | $22.73B | $20.83B | $21.07B | $24.00B | $21.79B | $20.15B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $64.76B | $59.87B | $59.35B | $55.22B | $58.57B | $54.35B | $54.12B | $57.14B | $55.76B | $54.59B |
| Stockholders' Equity | $16.75B | $17.31B | $17.10B | $16.62B | $16.40B | $17.75B | $18.93B | $21.32B | $22.92B | $24.40B |
| Retained Earnings | $39.97B | $39.75B | $38.52B | $37.42B | $36.49B | $36.85B | $36.77B | $36.42B | $35.20B | $34.56B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.12B | - | - | - | ($64.00M) | - | - | - | $1.53B | - |
| Investing Cash Flow | ($1.05B) | - | - | - | ($923.00M) | - | - | - | ($824.00M) | - |
| Financing Cash Flow | ($1.60B) | - | - | - | $1.59B | - | - | - | ($2.98B) | - |
| CapEx | $913.00M | - | - | - | $663.00M | - | - | - | $585.00M | - |
| Free Cash Flow | $208.00M | - | - | - | ($727.00M) | - | - | - | $947.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 8.6% | - | 10.4% | 11.2% | 6.8% | - | 8.4% | 10.5% | 9.5% | - |
| Operating margin | 4.1% | - | 7.8% | 6.5% | 2.2% | - | 3.8% | 6.7% | 5.5% | - |
| EBITDA margin | 6.5% | - | 10.2% | 8.8% | 4.7% | - | 6.3% | 8.9% | 8.0% | - |
| Net margin | 1.5% | - | 3.9% | 3.6% | -0.2% | - | 1.8% | 4.0% | 2.9% | - |
| Free cash flow margin | 0.6% | - | - | - | -2.3% | - | - | - | 2.9% | - |
| FCF / Net income | 0.41 | - | - | - | 9.82 | - | - | - | 1.01 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 2.5% | - | 2.5% | 2.6% | 2.5% | - | 2.3% | 2.2% | 2.4% | - |
| Effective tax rate | 26.4% | - | 25.1% | 18.1% | - | - | 15.4% | 19.8% | 23.8% | - |
| Return on assets | 0.6% | - | 1.6% | 1.5% | -0.1% | - | 0.8% | 1.8% | 1.1% | - |
| Return on equity | 3.1% | - | 8.0% | 7.3% | -0.5% | - | 3.3% | 7.1% | 4.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.18 | 1.26 | 1.32 | 1.23 | 1.19 | 1.17 | 1.23 | 1.31 | 1.43 | 1.59 |
| Quick ratio | 0.73 | 0.74 | 0.79 | 0.71 | 0.73 | 0.71 | 0.76 | 0.90 | 0.99 | 1.13 |
| Cash ratio | 0.09 | 0.19 | 0.14 | 0.09 | 0.17 | 0.15 | 0.19 | 0.19 | 0.15 | 0.27 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 3.3x | - | 7.4x | 6.1x | 2.0x | - | 3.8x | 7.4x | 5.2x | - |
| Equity multiplier | 5.26 | 4.85 | 4.87 | 4.72 | 4.98 | 4.44 | 4.22 | 4.00 | 3.73 | 3.52 |
| Liabilities / Assets | 0.73 | 0.71 | 0.71 | 0.70 | 0.72 | 0.69 | 0.68 | 0.67 | 0.65 | 0.63 |
| Efficiency | ||||||||||
| Asset turnover | 0.39 | - | 0.42 | 0.43 | 0.39 | - | 0.44 | 0.44 | 0.38 | - |
| Inventory turnover | 2.90 | - | 3.17 | 2.97 | 2.80 | - | 3.25 | 3.46 | 3.03 | - |
| Days sales outstanding | 156d | - | 110d | 120d | 140d | - | 106d | 118d | 147d | - |
| Days inventory outstanding | 126d | - | 115d | 123d | 130d | - | 112d | 105d | 121d | - |
| Days payable outstanding | 206d | - | 146d | 162d | 183d | - | 145d | 160d | 191d | - |
| Cash conversion cycle | 76d | - | 79d | 81d | 87d | - | 73d | 64d | 77d | - |
| Valuation | ||||||||||
| P / E | 141.1x | - | 42.7x | 41.9x | - | - | 87.1x | 40.1x | 78.1x | - |
| P / B | 4.3x | - | 3.4x | 3.1x | 2.8x | - | 2.9x | 2.8x | 3.2x | - |
| P / S | 2.1x | - | 1.7x | 1.5x | 1.4x | - | 1.5x | 1.6x | 2.2x | - |
| EV / EBITDA | 31.6x | - | 15.7x | 16.5x | 28.2x | - | 22.8x | 16.7x | 26.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.5% | - | -0.8% | -10.9% | -3.6% | - | -14.2% | 4.3% | -6.2% | - |
| Revenue CAGR (3y) | -0.6% | - | -8.7% | -14.4% | -6.1% | - | 2.8% | 8.6% | 12.9% | - |
| Revenue CAGR (5y) | 8.5% | - | 14.9% | 17.6% | 4.6% | - | 2.5% | 2.5% | 3.1% | - |
| Gross profit growth (YoY) | 36.3% | - | 21.8% | -4.9% | -30.7% | - | -50.5% | -13.4% | -44.1% | - |
| Operating income growth (YoY) | 104.4% | - | 101.1% | -12.9% | -61.5% | - | -71.6% | -23.7% | -56.1% | - |
| Net income growth (YoY) | - | - | 120.3% | -19.7% | - | - | -81.0% | -31.9% | -65.6% | - |
| EPS growth (YoY) | - | - | 141.2% | -8.5% | - | - | -77.4% | -18.6% | -57.6% | - |
| EPS CAGR (3y) | -34.3% | - | -20.7% | -28.8% | - | - | 19.7% | -30.7% | - | - |
| EPS CAGR (5y) | - | - | - | 230.8% | - | - | 2.4% | 21.1% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | -73.7% | - |
| FCF CAGR (5y) | 6.8% | - | - | - | - | - | - | - | 19.9% | - |
| Book value growth (YoY) | 2.2% | -2.4% | -9.7% | -22.0% | -28.5% | -27.3% | -26.8% | -17.1% | -14.7% | -11.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$132.69B totalRefining And Marketing$124.25B · 93.6%
Midstream$5.63B · 4.2%
Renewable Diesel$2.81B · 2.1%
Product / service
$124.25B totalRefined Products$116.50B · 93.8%
Crude Oil$5.82B · 4.7%
Services And Other$1.93B · 1.6%
Peer comparison
Same SIC group: Petroleum Refining
Comparing Marathon Petroleum Corp against the 5 most active filers in the same SIC group.
Dividends
$3.91/share trailing 12 months · +10.0% YoY
| Ex-date | Per share |
|---|---|
| May 20, 2026 | $1.0000 |
| Feb 18, 2026 | $1.0000 |
| Nov 19, 2025 | $1.0000 |
| Aug 20, 2025 | $0.9100 |
| May 21, 2025 | $0.9100 |
| Feb 19, 2025 | $0.9100 |
| Nov 20, 2024 | $0.9100 |
| Aug 21, 2024 | $0.8250 |
| May 15, 2024 | $0.8250 |
| Feb 20, 2024 | $0.8250 |
| Nov 15, 2023 | $0.8250 |
| Aug 15, 2023 | $0.7500 |
| May 16, 2023 | $0.7500 |
| Feb 15, 2023 | $0.7500 |
| Nov 15, 2022 | $0.7500 |
| Aug 16, 2022 | $0.5800 |
| May 17, 2022 | $0.5800 |
| Feb 15, 2022 | $0.5800 |
| Nov 16, 2021 | $0.5800 |
| Aug 17, 2021 | $0.5800 |
| May 18, 2021 | $0.5800 |
| Feb 16, 2021 | $0.5800 |
| Nov 17, 2020 | $0.5800 |
| Aug 18, 2020 | $0.5800 |