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.

Price · MPC

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$132.70B	$138.86B	$148.38B	$177.45B	$119.98B	$69.78B
Cost of Revenue	$119.45B	$126.24B	$128.57B	$151.67B	$110.01B	$65.73B
Gross Profit	$13.25B	$12.62B	$19.81B	$25.78B	$9.97B	$4.05B
R&D	-	-	-	-	-	-
SG&A	$3.35B	$3.22B	$3.04B	$2.77B	$2.54B	$2.71B
Total Operating Expenses	$126.93B	$133.62B	$135.79B	$158.48B	$116.63B	$81.28B
D&A	$3.25B	$3.34B	$3.31B	$3.21B	$3.36B	$3.38B
Operating Income	$8.29B	$6.80B	$14.51B	$21.47B	$4.30B	($12.25B)
Interest Expense	$1.49B	$1.36B	$1.32B	$1.30B	$1.34B	$1.46B
Income Tax	$1.14B	$890.00M	$2.82B	$4.49B	$264.00M	($2.43B)
Net Income	$4.05B	$3.44B	$9.68B	$14.52B	$9.74B	($9.83B)
EPS - Basic	$13.24	$10.11	$23.73	$28.31	$15.34	($15.13)
EPS - Diluted	$13.22	$10.08	$23.63	$28.12	$15.24	($15.13)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$3.67B	$3.21B	$5.44B	$8.63B	$5.29B	$415.00M
Accounts Receivable	$10.32B	$11.14B	$11.62B	$13.48B	$11.03B	$5.76B
Inventory	$10.13B	$9.57B	$9.32B	$8.83B	$8.05B	$8.00B
Accounts Payable	$12.97B	$13.91B	$13.76B	$15.31B	$13.70B	$7.80B
Current Assets	$24.78B	$24.45B	$32.13B	$35.24B	$30.50B	$28.29B
Total Assets	$83.95B	$78.86B	$85.99B	$89.90B	$85.37B	$85.16B
Current Liabilities	$19.68B	$20.83B	$20.15B	$20.02B	$17.90B	$15.66B
Long-term Debt	-	-	-	-	-	-
Total Liabilities	$59.87B	$54.35B	$54.59B	$54.82B	$51.79B	$54.94B
Stockholders' Equity	$17.31B	$17.75B	$24.40B	$27.71B	$26.21B	$22.20B
Retained Earnings	$39.75B	$36.85B	$34.56B	$26.14B	$12.90B	$4.65B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$8.25B	$8.66B	$14.12B	$16.36B	$4.36B	$2.42B
Investing Cash Flow	($5.87B)	$1.53B	($3.10B)	$623.00M	$14.80B	($3.26B)
Financing Cash Flow	($1.92B)	($12.43B)	($14.21B)	($13.65B)	($14.42B)	($135.00M)
CapEx	$3.49B	$2.53B	$1.89B	$2.42B	$1.46B	$2.79B
Free Cash Flow	$4.77B	$6.13B	$12.23B	$13.94B	$2.90B	($368.00M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	10.0%	9.1%	13.4%	14.5%	8.3%	5.8%
Operating margin	6.2%	4.9%	9.8%	12.1%	3.6%	-17.6%
EBITDA margin	8.7%	7.3%	12.0%	13.9%	6.4%	-12.7%
Net margin	3.0%	2.5%	6.5%	8.2%	8.1%	-14.1%
Free cash flow margin	3.6%	4.4%	8.2%	7.9%	2.4%	-0.5%
FCF / Net income	1.18	1.78	1.26	0.96	0.30	0.04
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	2.5%	2.3%	2.0%	1.6%	2.1%	3.9%
Effective tax rate	21.9%	20.5%	22.5%	23.6%	2.6%	-
Return on assets	4.8%	4.4%	11.3%	16.1%	11.4%	-11.5%
Return on equity	23.4%	19.4%	39.7%	52.4%	37.2%	-44.3%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	1.26	1.17	1.59	1.76	1.70	1.81
Quick ratio	0.74	0.71	1.13	1.32	1.25	1.30
Cash ratio	0.19	0.15	0.27	0.43	0.30	0.03
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	5.6x	5.0x	11.0x	16.5x	3.2x	-8.4x
Equity multiplier	4.85	4.44	3.52	3.24	3.26	3.84
Liabilities / Assets	0.71	0.69	0.63	0.61	0.61	0.65
Efficiency
Asset turnover	1.58	1.76	1.73	1.97	1.41	0.82
Inventory turnover	11.79	13.19	13.80	17.18	13.66	8.22
Days sales outstanding	28d	29d	29d	28d	34d	30d
Days inventory outstanding	31d	28d	26d	21d	27d	44d
Days payable outstanding	40d	40d	39d	37d	45d	43d
Cash conversion cycle	20d	17d	16d	12d	15d	31d
Valuation
P / E	12.3x	13.8x	6.3x	4.1x	4.2x	-
P / B	2.9x	2.7x	2.5x	2.2x	1.6x	1.2x
P / S	0.4x	0.3x	0.4x	0.3x	0.3x	0.4x
EV / EBITDA	4.0x	4.4x	3.1x	2.1x	4.6x	-
Growth
Revenue growth (YoY)	-4.4%	-6.4%	-16.4%	47.9%	71.9%	-43.7%
Revenue CAGR (3y)	-9.2%	5.0%	28.6%	12.7%	7.8%	-
Revenue CAGR (5y)	13.7%	2.3%	9.2%	-	-	-0.6%
Gross profit growth (YoY)	5.0%	-36.3%	-23.2%	158.5%	146.5%	-70.5%
Operating income growth (YoY)	22.0%	-53.2%	-32.4%	399.3%	-	-
Net income growth (YoY)	17.5%	-64.4%	-33.3%	49.1%	-	-
EPS growth (YoY)	31.2%	-57.3%	-16.0%	84.5%	-	-
EPS CAGR (3y)	-22.2%	-12.9%	-	92.0%	42.4%	-
EPS CAGR (5y)	-	20.5%	34.9%	33.2%	47.1%	-
FCF growth (YoY)	-22.3%	-49.8%	-12.3%	381.4%	-	-
FCF CAGR (5y)	-	8.6%	36.5%	29.2%	21.5%	-
Book value growth (YoY)	-2.4%	-27.3%	-11.9%	5.8%	18.1%	-34.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$132.69B total

Refining And Marketing$124.25B · 93.6%

Midstream$5.63B · 4.2%

Renewable Diesel$2.81B · 2.1%

Product / service

$124.25B total

Refined Products$116.50B · 93.8%

Crude Oil$5.82B · 4.7%

Services And Other$1.93B · 1.6%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

2.45

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

7/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✓Current ratio improved
✓No share dilution
✓Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Petroleum Refining

Company	Revenue (last FY)	Net margin	ROE
COP	$58.94B	13.6%	12.4%
CVX	$189.03B	6.5%	6.6%
PBF	$29.33B	-0.5%	-3.0%
PSX	$132.38B	3.3%	15.1%
DK	$10.72B	-0.2%	-4.2%

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