Oil & Gas Refining & Marketing
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MPC vs PSX
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Refining & Marketing
MPC vs PSX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Refining & Marketing | Oil & Gas Refining & Marketing |
| Market Cap | $72.38B | $68.85B |
| Revenue (TTM) | $135.75B | $135.77B |
| Net Income (TTM) | $4.63B | $4.12B |
| Gross Margin | 8.8% | 7.0% |
| Operating Margin | 5.0% | 4.7% |
| Forward P/E | 11.1x | 11.7x |
| Total Debt | $34.36B | $22.88B |
| Cash & Equiv. | $3.67B | $1.12B |
MPC vs PSX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Marathon Petroleum … (MPC) | 100 | 699.4 | +599.4% |
| Phillips 66 (PSX) | 100 | 219.4 | +119.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MPC vs PSX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MPC carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth -4.4%, EPS growth 31.5%, 3Y rev CAGR -9.2%
- 6.5% 10Y total return vs PSX's 165.7%
- Lower volatility, beta 0.30, current ratio 1.26x
PSX is the clearest fit if your priority is income & stability and defensive.
- Dividend streak 13 yrs, beta 0.43, yield 2.7%
- Beta 0.43, yield 2.7%, current ratio 1.30x
- 2.7% yield, 13-year raise streak, vs MPC's 1.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -4.4% revenue growth vs PSX's -7.6% | |
| Value | Lower P/E (11.1x vs 11.7x) | |
| Quality / Margins | 3.4% margin vs PSX's 3.0% | |
| Stability / Safety | Beta 0.30 vs PSX's 0.43 | |
| Dividends | 2.7% yield, 13-year raise streak, vs MPC's 1.5% | |
| Momentum (1Y) | +72.7% vs PSX's +67.6% | |
| Efficiency (ROA) | 5.5% ROA vs PSX's 5.3%, ROIC 8.3% vs 5.3% |
MPC vs PSX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MPC vs PSX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
MPC leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PSX and MPC operate at a comparable scale, with $135.8B and $135.8B in trailing revenue. Profitability is closely matched — net margins range from 3.4% (MPC) to 3.0% (PSX).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $135.8B | $135.8B |
| EBITDAEarnings before interest/tax | $10.1B | $9.4B |
| Net IncomeAfter-tax profit | $4.6B | $4.1B |
| Free Cash FlowCash after capex | $5.7B | $119M |
| Gross MarginGross profit ÷ Revenue | +8.8% | +7.0% |
| Operating MarginEBIT ÷ Revenue | +5.0% | +4.7% |
| Net MarginNet income ÷ Revenue | +3.4% | +3.0% |
| FCF MarginFCF ÷ Revenue | +4.2% | +0.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.7% | +11.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +8.2% | -56.8% |
Valuation Metrics
Evenly matched — MPC and PSX each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 15.9x trailing earnings, PSX trades at a 14% valuation discount to MPC's 18.5x P/E. On an enterprise value basis, MPC's 11.4x EV/EBITDA is more attractive than PSX's 13.3x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $72.4B | $68.8B |
| Enterprise ValueMkt cap + debt − cash | $103.1B | $90.6B |
| Trailing P/EPrice ÷ TTM EPS | 18.52x | 15.91x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.07x | 11.67x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 11.43x | 13.29x |
| Price / SalesMarket cap ÷ Revenue | 0.55x | 0.52x |
| Price / BookPrice ÷ Book value/share | 3.11x | 2.32x |
| Price / FCFMarket cap ÷ FCF | 15.18x | 25.23x |
Profitability & Efficiency
Evenly matched — MPC and PSX each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
MPC delivers a 19.6% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $14 for PSX. PSX carries lower financial leverage with a 0.76x debt-to-equity ratio, signaling a more conservative balance sheet compared to MPC's 1.43x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +19.6% | +14.1% |
| ROA (TTM)Return on assets | +5.5% | +5.3% |
| ROICReturn on invested capital | +8.3% | +5.3% |
| ROCEReturn on capital employed | +9.3% | +6.0% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 1.43x | 0.76x |
| Net DebtTotal debt minus cash | $30.7B | $21.8B |
| Cash & Equiv.Liquid assets | $3.7B | $1.1B |
| Total DebtShort + long-term debt | $34.4B | $22.9B |
| Interest CoverageEBIT ÷ Interest expense | 6.36x | 7.65x |
Total Returns (Dividends Reinvested)
MPC leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MPC five years ago would be worth $43,929 today (with dividends reinvested), compared to $22,538 for PSX. Over the past 12 months, MPC leads with a +72.7% total return vs PSX's +67.6%. The 3-year compound annual growth rate (CAGR) favors MPC at 33.1% vs PSX's 25.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +49.4% | +32.5% |
| 1-Year ReturnPast 12 months | +72.7% | +67.6% |
| 3-Year ReturnCumulative with dividends | +135.7% | +97.3% |
| 5-Year ReturnCumulative with dividends | +339.3% | +125.4% |
| 10-Year ReturnCumulative with dividends | +654.2% | +165.7% |
| CAGR (3Y)Annualised 3-year return | +33.1% | +25.4% |
Risk & Volatility
MPC leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MPC is the less volatile stock with a 0.30 beta — it tends to amplify market swings less than PSX's 0.43 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MPC currently trades 93.9% from its 52-week high vs PSX's 90.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.30x | 0.43x |
| 52-Week HighHighest price in past year | $261.61 | $190.61 |
| 52-Week LowLowest price in past year | $141.91 | $104.83 |
| % of 52W HighCurrent price vs 52-week peak | +93.9% | +90.1% |
| RSI (14)Momentum oscillator 0–100 | 72.0 | 64.4 |
| Avg Volume (50D)Average daily shares traded | 2.5M | 3.1M |
Analyst Outlook
PSX leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates MPC as "Buy" and PSX as "Buy". Consensus price targets imply -4.9% upside for PSX (target: $163) vs -12.6% for MPC (target: $215). For income investors, PSX offers the higher dividend yield at 2.74% vs MPC's 1.52%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $214.78 | $163.38 |
| # AnalystsCovering analysts | 33 | 35 |
| Dividend YieldAnnual dividend ÷ price | +1.5% | +2.7% |
| Dividend StreakConsecutive years of raises | 4 | 13 |
| Dividend / ShareAnnual DPS | $3.74 | $4.71 |
| Buyback YieldShare repurchases ÷ mkt cap | +4.8% | +1.8% |
MPC leads in 3 of 6 categories (Income & Cash Flow, Total Returns). PSX leads in 1 (Analyst Outlook). 2 tied.
MPC vs PSX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MPC or PSX a better buy right now?
For growth investors, Marathon Petroleum Corporation (MPC) is the stronger pick with -4.
4% revenue growth year-over-year, versus -7. 6% for Phillips 66 (PSX). Phillips 66 (PSX) offers the better valuation at 15. 9x trailing P/E (11. 7x forward), making it the more compelling value choice. Analysts rate Marathon Petroleum Corporation (MPC) a "Buy" — based on 33 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MPC or PSX?
On trailing P/E, Phillips 66 (PSX) is the cheapest at 15.
9x versus Marathon Petroleum Corporation at 18. 5x. On forward P/E, Marathon Petroleum Corporation is actually cheaper at 11. 1x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — MPC or PSX?
Over the past 5 years, Marathon Petroleum Corporation (MPC) delivered a total return of +339.
3%, compared to +125. 4% for Phillips 66 (PSX). Over 10 years, the gap is even starker: MPC returned +654. 2% versus PSX's +165. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MPC or PSX?
By beta (market sensitivity over 5 years), Marathon Petroleum Corporation (MPC) is the lower-risk stock at 0.
30β versus Phillips 66's 0. 43β — meaning PSX is approximately 43% more volatile than MPC relative to the S&P 500. On balance sheet safety, Phillips 66 (PSX) carries a lower debt/equity ratio of 76% versus 143% for Marathon Petroleum Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — MPC or PSX?
By revenue growth (latest reported year), Marathon Petroleum Corporation (MPC) is pulling ahead at -4.
4% versus -7. 6% for Phillips 66 (PSX). On earnings-per-share growth, the picture is similar: Phillips 66 grew EPS 116. 2% year-over-year, compared to 31. 5% for Marathon Petroleum Corporation. Over a 3-year CAGR, PSX leads at -8. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MPC or PSX?
Phillips 66 (PSX) is the more profitable company, earning 3.
3% net margin versus 3. 0% for Marathon Petroleum Corporation — meaning it keeps 3. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MPC leads at 4. 3% versus 2. 7% for PSX. At the gross margin level — before operating expenses — MPC leads at 7. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MPC or PSX more undervalued right now?
On forward earnings alone, Marathon Petroleum Corporation (MPC) trades at 11.
1x forward P/E versus 11. 7x for Phillips 66 — 0. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PSX: -4. 9% to $163. 38.
08Which pays a better dividend — MPC or PSX?
All stocks in this comparison pay dividends.
Phillips 66 (PSX) offers the highest yield at 2. 7%, versus 1. 5% for Marathon Petroleum Corporation (MPC).
09Is MPC or PSX better for a retirement portfolio?
For long-horizon retirement investors, Marathon Petroleum Corporation (MPC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
30), 1. 5% yield, +654. 2% 10Y return). Both have compounded well over 10 years (MPC: +654. 2%, PSX: +165. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MPC and PSX?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: MPC is a mid-cap quality compounder stock; PSX is a mid-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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