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 | 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 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%
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
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 |