Marathon Petroleum Corporation(MPC)Earnings, Financials & Key Ratios

MPC•NYSE

$260.51

$76.72B mkt cap·19.6× P/E·Price updated May 6, 2026

SectorEnergy IndustryOil Refining & Marketing Sub-IndustryPetroleum Refining and Marketing

AboutMarathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. As of December 31, 2021, the company operated 7,159 brand jobber outlets in 37 states, the District of Columbia, and Mexico through independent entrepreneurs. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.Show more

Revenue$132.7B-4.4%
EBITDA$9.02B+5.1%
Net Income$4.05B+17.5%
EPS (Diluted)13.27+31.5%
Gross Margin7.54%+12.7%
EBITDA Margin6.8%+9.9%
Operating Margin4.35%+15.0%
Net Margin3.05%+22.9%
ROE16.66%+35.2%
ROIC8.25%+9.6%
Debt/Equity1.43+21.6%
Interest Coverage5.97+10.4%

Analysis→Technical→

MPC Key Insights

Marathon Petroleum Corporation (MPC) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 85 (top 15%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.7%
✓Good 3Y average ROE of 19.4%
✓Share count reduced 10.6% through buybacks

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MPC Price & Volume

Marathon Petroleum Corporation (MPC) stock price & volume — 10-year historical chart

Loading chart...

MPC Growth Metrics

Marathon Petroleum Corporation (MPC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.3%

5 Years13.72%

3 Years-9.23%

TTM-1.4%

Profit CAGR

10 Years3.56%

5 Years-

3 Years-34.67%

TTM90.3%

EPS CAGR

10 Years9.71%

5 Years-

3 Years-22.15%

TTM115.31%

Return on Capital

10 Years8.45%

5 Years14.05%

3 Years12.11%

Last Year9.31%

MPC Recent Earnings

Marathon Petroleum Corporation (MPC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 11/12 qtrs (92%)●Beat Revenue 11/12 qtrs (92%)

Q2 2026Latest

May 5, 2026

EPS

$1.65

Est $0.74

+123.3%

Revenue

$34.6B

Est $33.4B

+3.4%

Q1 2026

Feb 3, 2026

EPS

$4.07

Est $2.72

+49.6%

Revenue

$33.4B

Est $31.1B

+7.5%

Q4 2025

Nov 4, 2025

EPS

$3.01

Est $3.15

-4.4%

Revenue

$34.8B

Est $33.5B

+4.1%

Q3 2025

Aug 5, 2025

EPS

$3.96

Est $3.24

+22.2%

Revenue

$33.8B

Est $33.3B

+1.4%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 5, 2026	$1.65vs $0.74+123.3%	$34.6Bvs $33.4B+3.4%
Q1 2026	Feb 3, 2026	$4.07vs $2.72+49.6%	$33.4Bvs $31.1B+7.5%
Q4 2025	Nov 4, 2025	$3.01vs $3.15-4.4%	$34.8Bvs $33.5B+4.1%
Q3 2025	Aug 5, 2025	$3.96vs $3.24+22.2%	$33.8Bvs $33.3B+1.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
VLOValero Energy CorporationDirect Competitor	75.79B	253.45	33.48	-5.54%	3.33%	15.69%	6.64%	0.44
PSXPhillips 66Direct Competitor	72.27B	180.26	16.71	-7.64%	3.04%	14.14%	3.78%	0.76
PBFPBF Energy Inc.Direct Competitor	5.43B	46.19	-33.23	-11.42%	-0.54%	-2.98%		0.53
DKDelek US Holdings, Inc.Direct Competitor	3.01B	49.04	-129.05	-9.53%	-0.48%	-12.94%	0.73%	6.13
MPLXMPLX LpProduct Competitor	56.51B	55.66	11.55	8.37%	37.54%	32.81%	7.26%	1.80
ETEnergy Transfer LPProduct Competitor	70.15B	20.39	15.10	-0.05%	5.93%	10.38%	5.48%	1.45
PAAPlains All American Pipeline, L.P.Product Competitor	15.93B	22.58	30.93	2.79%	3.24%	6.27%	11.74%	0.61
TRGPTarga Resources Corp.Product Competitor	55.8B	259.72	30.48	3.06%	9.44%	58.24%	7.02%	5.45

Compare MPC vs Peers

Marathon Petroleum Corporation (MPC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs VLO

Most directly comparable listed peer for MPC.

Scale Benchmark

vs XOM

Larger-name benchmark to compare MPC against a more recognizable public peer.

Peer Set

Compare Top 5

vs VLO, PSX, PBF, DK

MPC Income Statement

Marathon Petroleum Corporation (MPC) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	74.73B	86.09B	111.15B	69.78B	119.98B	177.45B	148.38B	138.86B	132.7B	135.75B
Revenue Growth %	17.99%	15.19%	29.11%	-37.22%	71.95%	47.9%	-16.38%	-6.41%	-4.44%	-1.4%
Cost of Goods Sold	69.2B	79.22B	102.45B	69.11B	113.37B	154.89B	131.87B	129.58B	122.7B	123.81B
COGS % of Revenue	92.6%	92.02%	92.18%	99.04%	94.49%	87.28%	88.88%	93.31%	92.46%	-
Gross Profit	5.53B▲ 0%	6.87B▲ 24.2%	8.7B▲ 26.6%	671M▼ 92.3%	6.61B▲ 885.2%	22.57B▲ 241.4%	16.51B▼ 26.9%	9.29B▼ 43.7%	10B▲ 7.7%	11.95B▲ 0%
Gross Margin %	7.4%	7.98%	7.82%	0.96%	5.51%	12.72%	11.12%	6.69%	7.54%	8.8%
Gross Profit Growth %	22.26%	24.21%	26.58%	-92.28%	885.25%	241.36%	-26.86%	-43.74%	7.7%	-
Operating Expenses	1.51B	2.18B	4.23B	12.92B	2.31B	3.6B	3.92B	4.04B	4.23B	5.13B
OpEx % of Revenue	2.02%	2.53%	3.81%	18.51%	1.93%	2.03%	2.64%	2.91%	3.19%	-
Selling, General & Admin	1.69B	2.28B	3.19B	2.71B	2.54B	2.77B	3.04B	3.22B	3.35B	3.43B
SG&A % of Revenue	2.27%	2.64%	2.87%	3.88%	2.11%	1.56%	2.05%	2.32%	2.52%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-182M	-97M	1.04B	10.21B	-226M	825M	881M	818M	885M	4M
Operating Income	4.02B▲ 0%	4.69B▲ 16.7%	4.46B▼ 4.9%	-12.25B▼ 374.5%	4.3B▲ 135.1%	18.97B▲ 341.2%	12.59B▼ 33.7%	5.25B▼ 58.3%	5.77B▲ 9.9%	6.82B▲ 0%
Operating Margin %	5.38%	5.45%	4.01%	-17.55%	3.58%	10.69%	8.48%	3.78%	4.35%	5.02%
Operating Income Growth %	68.4%	16.72%	-4.86%	-374.47%	135.11%	341.16%	-33.65%	-58.3%	9.91%	-
EBITDA	6.13B	6.86B	7.69B	-8.87B	7.66B	22.18B	15.89B	8.59B	9.02B	10.09B
EBITDA Margin %	8.21%	7.97%	6.92%	-12.71%	6.39%	12.5%	10.71%	6.18%	6.8%	7.43%
EBITDA Growth %	39.78%	11.87%	12.06%	-215.42%	186.38%	189.47%	-28.36%	-45.98%	5.06%	20.92%
D&A (Non-Cash Add-back)	2.11B	2.17B	3.23B	3.38B	3.36B	3.21B	3.31B	3.34B	3.25B	3.27B
EBIT	3.97B	4.64B	4.46B	-12.28B	4.08B	21.67B	15.25B	7.26B	8.43B	9.12B
Net Interest Income	-625M	-886M	-1.23B	-1.36B	-1.29B	-995M	-605M	-877M	-1.25B	-1.32B
Interest Income	27M	87M	40M	9M	14M	221M	672M	467M	159M	113M
Interest Expense	652M	973M	1.26B	1.37B	1.3B	1.22B	1.28B	1.34B	1.41B	1.43B
Other Income/Expense	-674M	-993M	-1.23B	-1.36B	-1.48B	1.5B	1.4B	709M	1.25B	848M
Pretax Income	3.34B▲ 0%	3.7B▲ 10.6%	3.23B▼ 12.6%	-13.61B▼ 521.0%	2.82B▲ 120.7%	20.47B▲ 626.6%	13.99B▼ 31.7%	5.96B▼ 57.4%	7.01B▲ 17.8%	7.67B▲ 0%
Pretax Margin %	4.47%	4.29%	2.91%	-19.51%	2.35%	11.53%	9.43%	4.29%	5.29%	5.65%
Income Tax	-460M	764M	784M	-2.43B	264M	4.49B	2.82B	890M	1.14B	1.28B
Effective Tax Rate %	-13.76%	20.67%	24.25%	17.85%	9.37%	21.94%	20.14%	14.94%	16.21%	16.74%
Net Income	3.43B▲ 0%	2.78B▼ 19.0%	2.64B▼ 5.1%	-9.83B▼ 472.6%	9.74B▲ 199.1%	14.52B▲ 49.1%	9.68B▼ 33.3%	3.44B▼ 64.4%	4.05B▲ 17.5%	4.63B▲ 0%
Net Margin %	4.59%	3.23%	2.37%	-14.08%	8.12%	8.18%	6.52%	2.48%	3.05%	3.41%
Net Income Growth %	192.33%	-19%	-5.14%	-472.62%	199.1%	49.07%	-33.31%	-64.41%	17.47%	90.3%
Net Income (Continuing)	3.8B	2.93B	2.45B	-11.18B	2.55B	15.98B	11.17B	5.07B	5.88B	6.38B
Discontinued Operations	0	673M	806M	1.21B	8.45B	72M	0	0	0	0
Minority Interest	7.79B	9.88B	9.41B	8.02B	7.38B	7.37B	7B	6.76B	6.77B	6.67B
EPS (Diluted)	6.70▲ 0%	5.28▼ 21.1%	3.97▼ 24.9%	-15.14▼ 481.4%	2.69▲ 117.8%	28.12▲ 945.4%	23.65▼ 15.9%	10.09▼ 57.3%	13.27▲ 31.5%	15.70▲ 0%
EPS Growth %	203.13%	-21.14%	-24.86%	-481.37%	117.77%	945.35%	-15.9%	-57.34%	31.52%	115.31%
EPS (Basic)	6.77	5.36	4.00	-15.14	2.71	28.34	23.76	10.12	13.27	-
Diluted Shares Outstanding	512M	526M	664M	649M	638M	516M	409M	341M	305M	295M
Basic Shares Outstanding	511.94M	518M	659M	649M	634M	512M	407M	341M	305M	295M
Dividend Payout Ratio	22.52%	34.32%	53.01%	-	15.24%	8.81%	13.03%	33.5%	28.17%	-

MPC Balance Sheet

Marathon Petroleum Corporation (MPC) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	13.4B	18.02B	30.46B	28.29B	30.5B	35.24B	32.13B	24.45B	24.78B	28.7B
Cash & Short-Term Investments	3.01B	1.69B	1.39B	415M	10.84B	11.77B	10.22B	3.21B	3.67B	2.15B
Cash Only	3.01B	1.69B	1.39B	415M	5.29B	8.63B	5.44B	3.21B	3.67B	2.15B
Short-Term Investments	0	0	0	0	5.55B	3.15B	4.78B	0	0	0
Accounts Receivable	4.7B	5.85B	7.23B	5.76B	11.03B	13.48B	12.19B	11.14B	10.32B	0
Days Sales Outstanding	22.93	24.82	23.75	30.13	33.57	27.72	29.98	29.29	28.38	21.46
Inventory	5.55B	9.84B	9.8B	8B	8.05B	8.83B	9.32B	9.57B	10.13B	10.76B
Days Inventory Outstanding	29.27	45.32	34.93	42.25	25.93	20.8	25.79	26.95	30.13	30.09
Other Current Assets	145M	646M	12.03B	14.11B	568M	1.17B	403M	524M	662M	15.78B
Total Non-Current Assets	35.65B	74.92B	68.1B	56.87B	54.88B	54.66B	53.86B	54.41B	60.78B	59.49B
Property, Plant & Equipment	26.44B	45.06B	42.68B	40.56B	38.81B	36.87B	36.34B	36.33B	38.89B	39.1B
Fixed Asset Turnover	2.83x	1.91x	2.60x	1.72x	3.09x	4.81x	4.08x	3.82x	3.41x	3.56x
Goodwill	3.59B	20.18B	15.65B	8.26B	8.26B	8.24B	8.24B	8.24B	9.35B	9.34B
Intangible Assets	0	0	0	0	0	0	0	0	2.71B	2.66B
Long-Term Investments	4.79B	5.9B	6.57B	5.42B	5.41B	6.47B	6.26B	6.86B	6.79B	27.99B
Other Non-Current Assets	830M	3.78B	3.2B	2.64B	2.4B	3.08B	3.01B	2.98B	1.42B	7.1B
Total Assets	49.05B▲ 0%	92.94B▲ 89.5%	98.56B▲ 6.0%	85.16B▼ 13.6%	85.37B▲ 0.3%	89.9B▲ 5.3%	85.99B▼ 4.4%	78.86B▼ 8.3%	85.56B▲ 8.5%	88.19B▲ 0%
Asset Turnover	1.52x	0.93x	1.13x	0.82x	1.41x	1.97x	1.73x	1.76x	1.55x	1.62x
Asset Growth %	10.43%	89.49%	6.04%	-13.59%	0.25%	5.31%	-4.36%	-8.29%	8.5%	12.88%
Total Current Liabilities	10.48B	13.22B	16.95B	15.66B	17.9B	20.02B	20.15B	20.83B	19.68B	24.41B
Accounts Payable	8.3B	9.37B	11.22B	7.8B	13.7B	15.31B	13.76B	13.91B	12.97B	17.62B
Days Payables Outstanding	43.76	43.15	39.98	41.21	44.11	36.08	38.09	39.17	38.6	41.59
Short-Term Debt	624M	544M	704M	2.85B	571M	1.07B	1.95B	3.05B	2.86B	2.62B
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	-295M	-444M	1.52B	1.94B	136M	852M	1.33B	841M	1.25B	21.79B
Current Ratio	1.28x	1.36x	1.80x	1.81x	1.70x	1.76x	1.59x	1.17x	1.26x	1.26x
Quick Ratio	0.75x	0.62x	1.22x	1.30x	1.25x	1.32x	1.13x	0.71x	0.74x	0.74x
Cash Conversion Cycle	8.44	26.99	18.7	31.16	15.39	12.44	17.68	17.07	19.91	9.97
Total Non-Current Liabilities	16.74B	34.67B	38.5B	39.27B	33.89B	34.8B	34.44B	33.52B	41.8B	40.35B
Long-Term Debt	12.32B	26.98B	28.02B	28.73B	24.97B	25.63B	25.33B	24.43B	29.91B	31.71B
Capital Lease Obligations	0	0	1.3B	1.01B	927M	841M	764M	860M	1.58B	3.44B
Deferred Tax Liabilities	2.65B	4.86B	6.39B	6.2B	5.64B	5.9B	5.83B	5.77B	7.59B	25.27B
Other Non-Current Liabilities	1.76B	2.83B	2.79B	3.33B	2.36B	2.42B	2.51B	2.46B	2.71B	10.34B
Total Liabilities	27.22B	47.89B	55.45B	54.94B	51.79B	54.82B	54.59B	54.35B	61.47B	64.76B
Total Debt	12.95B	27.52B	30.54B	33.09B	26.9B	27.91B	28.5B	28.76B	34.36B	34.33B
Net Debt	9.94B	25.84B	29.14B	32.68B	21.61B	19.28B	23.06B	25.55B	30.69B	32.17B
Debt / Equity	0.59x	0.61x	0.71x	1.10x	0.80x	0.80x	0.91x	1.17x	1.43x	1.43x
Debt / EBITDA	2.11x	4.01x	3.97x	-	3.51x	1.26x	1.79x	3.35x	3.81x	3.40x
Net Debt / EBITDA	1.62x	3.77x	3.79x	-	2.82x	0.87x	1.45x	2.98x	3.40x	3.40x
Interest Coverage	6.09x	4.77x	3.53x	-8.95x	3.14x	17.82x	11.95x	5.41x	5.97x	6.36x
Total Equity	21.83B▲ 0%	45.05B▲ 106.4%	43.11B▼ 4.3%	30.22B▼ 29.9%	33.58B▲ 11.1%	35.09B▲ 4.5%	31.4B▼ 10.5%	24.51B▼ 22.0%	24.09B▼ 1.7%	23.43B▲ 0%
Equity Growth %	2.95%	106.4%	-4.32%	-29.9%	11.12%	4.48%	-10.51%	-21.95%	-1.71%	-24.41%
Book Value per Share	42.63	85.65	64.92	46.56	52.63	68.00	76.77	71.87	78.97	79.41
Total Shareholders' Equity	14.03B	35.17B	33.69B	22.2B	26.21B	27.71B	24.4B	17.75B	17.31B	16.75B
Common Stock	7M	10M	10M	10M	10M	10M	10M	10M	10M	0
Retained Earnings	12.86B	14.76B	15.99B	4.65B	12.9B	26.14B	34.56B	36.85B	39.75B	39.97B
Treasury Stock	-9.87B	-13.18B	-15.14B	-15.16B	-19.9B	-31.84B	-43.5B	-52.62B	-56.03B	0
Accumulated OCI	-231M	-144M	-320M	-512M	-67M	2M	-131M	-114M	-105M	-108M
Minority Interest	7.79B	9.88B	9.41B	8.02B	7.38B	7.37B	7B	6.76B	6.77B	6.67B

MPC Cash Flow Statement

Marathon Petroleum Corporation (MPC) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	6.61B	6.16B	9.44B	2.42B	4.36B	16.36B	14.12B	8.66B	8.25B	8.25B
Operating CF Margin %	8.85%	7.15%	8.49%	3.47%	3.63%	9.22%	9.51%	6.24%	6.22%	-
Operating CF Growth %	64.6%	-6.87%	53.31%	-74.38%	80.24%	275.25%	-13.72%	-38.62%	-4.75%	1926.95%
Net Income	3.8B	3.61B	3.25B	-9.98B	11B	16.05B	11.17B	5.07B	4.05B	4.63B
Depreciation & Amortization	2.11B	2.17B	3.23B	3.38B	3.36B	3.21B	3.31B	3.34B	3.35B	75M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-1.23B	252M	449M	-2.05B	1.92B	290M	-28M	-124M	282M	329M
Other Non-Cash Items	100M	689M	2.15B	10.8B	-12.86B	-1.52B	-629M	-14M	1.23B	2.63B
Working Capital Changes	1.83B	-559M	365M	269M	931M	-1.67B	295M	399M	-657M	461M
Change in Receivables	-1.09B	1.28B	-1.72B	1.47B	-5.3B	-2.86B	2.11B	1.12B	890M	1.82B
Change in Inventory	106M	965M	-362M	1.75B	-33M	-787M	-489M	-270M	-596M	-311M
Change in Payables	0	0	0	0	0	0	0	0	-776M	-261M
Cash from Investing	-3.4B	-7.67B	-6.26B	-3.26B	14.8B	623M	-3.1B	1.53B	-6.27B	-6.09B
Capital Expenditures	-2.73B	-3.18B	-4.81B	-2.79B	-1.46B	-2.42B	-1.89B	-2.53B	-3.49B	-3.74B
CapEx % of Revenue	3.66%	3.69%	4.33%	3.99%	1.22%	1.36%	1.27%	1.82%	2.63%	-
Acquisitions	-249M	-3.82B	-129M	0	0	-818M	-726M	-1.2B	-2.71B	-2.18B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	326M	-276M	-356M	-122M	21.98B	914M	738M	231M	273M	-764M
Cash from Financing	-1.09B	222M	-3.38B	-135M	-14.42B	-13.65B	-14.21B	-12.43B	-1.52B	-5.01B
Debt Issued (Net)	2.27B	5.44B	1.2B	2.73B	-6.27B	1.1B	510M	-353M	4.62B	1.22B
Equity Issued (Net)	-1.85B	-3.26B	-1.94B	11M	-4.55B	-11.68B	-11.51B	-9.16B	-3.46B	-2.43B
Dividends Paid	-773M	-954M	-1.4B	-1.51B	-1.48B	-1.28B	-1.26B	-1.15B	-1.14B	-1.15B
Share Repurchases	-2.37B	-3.29B	-1.95B	0	-4.65B	-11.92B	-11.57B	-9.19B	-3.49B	-3.18B
Other Financing	-734M	-1B	-1.24B	-1.36B	-2.11B	-1.79B	-1.95B	-1.76B	-1.54B	-2.65B
Net Change in Cash	2.12B▲ 0%	-1.29B▼ 160.8%	-196M▲ 84.8%	-973M▼ 396.4%	4.74B▲ 586.9%	3.34B▼ 29.6%	-3.19B▼ 195.4%	-2.23B▲ 29.8%	462M▲ 120.7%	-1.66B▲ 0%
Free Cash Flow	3.88B▲ 0%	2.98B▼ 23.2%	4.63B▲ 55.5%	-368M▼ 107.9%	2.9B▲ 887.0%	13.94B▲ 381.4%	12.23B▼ 12.3%	6.13B▼ 49.8%	4.77B▼ 22.3%	5.7B▲ 0%
FCF Margin %	5.19%	3.46%	4.17%	-0.53%	2.41%	7.86%	8.24%	4.42%	3.59%	4.2%
FCF Growth %	244.89%	-23.22%	55.45%	-107.95%	886.96%	381.39%	-12.29%	-49.85%	-22.26%	27.9%
FCF per Share	7.58	5.66	6.97	-0.57	4.54	27.02	29.89	17.98	15.63	15.63
FCF Conversion (FCF/Net Income)	1.93x	2.22x	3.58x	-0.25x	0.45x	1.13x	1.46x	2.52x	2.04x	1.23x
Interest Paid	525M	887M	1.17B	1.24B	1.25B	1.08B	1.23B	1.25B	0	626M
Taxes Paid	904M	424M	491M	0	2.44B	4.87B	2.75B	732M	0	45M

MPC Key Ratios

Marathon Petroleum Corporation (MPC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	15.95%	8.31%	5.98%	-26.8%	30.53%	42.28%	29.12%	12.32%	16.66%	19.57%
Return on Invested Capital (ROIC)	9.62%	6.85%	4.68%	-13.59%	5.46%	25.97%	17.35%	7.53%	8.25%	8.25%
Gross Margin	7.4%	7.98%	7.82%	0.96%	5.51%	12.72%	11.12%	6.69%	7.54%	8.8%
Net Margin	4.59%	3.23%	2.37%	-14.08%	8.12%	8.18%	6.52%	2.48%	3.05%	3.41%
Debt / Equity	0.59x	0.61x	0.71x	1.10x	0.80x	0.80x	0.91x	1.17x	1.43x	1.43x
Interest Coverage	6.09x	4.77x	3.53x	-8.95x	3.14x	17.82x	11.95x	5.41x	5.97x	6.36x
FCF Conversion	1.93x	2.22x	3.58x	-0.25x	0.45x	1.13x	1.46x	2.52x	2.04x	1.23x
Revenue Growth	17.99%	15.19%	29.11%	-37.22%	71.95%	47.9%	-16.38%	-6.41%	-4.44%	-1.4%

MPC SEC Filings & Documents

Marathon Petroleum Corporation (MPC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 5, 2026·SEC

Material company update

May 1, 2026·SEC

Material company update

Apr 13, 2026·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

MPC Frequently Asked Questions

Marathon Petroleum Corporation (MPC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Marathon Petroleum Corporation (MPC) reported $135.75B in revenue for fiscal year 2025. This represents a 108% increase from $65.26B in 2008.

Marathon Petroleum Corporation (MPC) saw revenue decline by 4.4% over the past year.

Yes, Marathon Petroleum Corporation (MPC) is profitable, generating $4.63B in net income for fiscal year 2025 (3.0% net margin).

Dividend & Returns

Yes, Marathon Petroleum Corporation (MPC) pays a dividend with a yield of 1.43%. This makes it attractive for income-focused investors.

Marathon Petroleum Corporation (MPC) has a return on equity (ROE) of 16.7%. This is reasonable for most industries.

Marathon Petroleum Corporation (MPC) generated $5.70B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More MPC

Marathon Petroleum Corporation (MPC) financial analysis — history, returns, DCA and operating performance tools

Full MPC Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

→

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→

Marathon Petroleum Corporation(MPC)Earnings, Financials & Key Ratios

MPC Key Insights

✓Strengths

✗Weaknesses

MPC Price & Volume

MPC Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

MPC Recent Earnings

MPC Peer Comparison

Compare MPC vs Peers

vs VLO

vs XOM

Compare Top 5

MPC Income Statement

MPC Balance Sheet

MPC Cash Flow Statement

MPC Key Ratios

MPC SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

MPC Frequently Asked Questions

Explore More MPC

Full MPC Stock Analysis

Total Return Calculator

DCA Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Valuation