Last 47 quarters of trend data · Energy · Oil & Gas Refining & Marketing
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 34.46 | 3.62 | 35.29 | 7.93 | 10.68 | 10.49 | — | 30.06 | 21.78 | 10.02 | 19.48 | 9.65 | 4.57 | 5.49 | 5.53 | 4.10 | 2.74 | 1.88 | 14.37 | 12.60 | 14.18 |
| — | -65.5% | — | -73.6% | -50.9% | +4.7% | — | +211.5% | +376.5% | +82.5% | +252.2% | +135.2% | +66.8% | +192.5% | -61.5% | -67.4% | -80.7% | -90.7% | — | -64.2% | — | |
| P/S Ratio | 1.01 | 0.36 | 0.52 | 0.37 | 0.42 | 0.38 | 0.36 | 0.34 | 0.39 | 0.40 | 0.56 | 0.39 | 0.37 | 0.34 | 0.43 | 0.34 | 0.27 | 0.20 | 0.32 | 0.28 | 0.30 |
| — | -5.8% | +44.0% | +10.5% | +9.3% | -5.2% | -35.1% | -12.4% | +5.2% | +19.1% | +29.0% | +12.8% | +36.7% | +64.1% | +35.0% | +24.1% | -12.0% | -39.4% | -16.5% | -26.3% | +11.2% | |
| P/B Ratio | 5.79 | 2.89 | 3.07 | 2.02 | 2.45 | 2.21 | 1.98 | 1.83 | 2.10 | 2.16 | 2.45 | 1.78 | 1.83 | 1.50 | 1.79 | 1.55 | 1.45 | 1.31 | 1.56 | 1.16 | 1.09 |
| — | +31.1% | +55.5% | +10.5% | +16.6% | +2.1% | -19.3% | +2.6% | +15.1% | +44.1% | +36.9% | +14.7% | +25.8% | +14.6% | +15.0% | +33.8% | +32.7% | +20.0% | +31.8% | +30.4% | +75.2% | |
| P/FCF | 28.00 | 2.03 | 86.58 | 6.44 | 8.81 | 6.60 | — | 8.01 | 13.09 | 5.51 | 19.26 | 23.66 | 3.31 | 3.49 | 4.19 | 3.72 | 6.77 | 1.71 | 6.04 | 3.05 | — |
| — | -69.2% | — | -19.6% | -32.7% | +19.8% | — | -66.1% | +296.0% | +58.0% | +360.1% | +535.2% | -51.2% | +104.3% | -30.7% | +22.1% | — | -81.6% | -89.6% | -60.5% | — | |
| EV / EBITDA | 18.20 | 3.09 | 11.77 | 7.42 | 8.96 | 7.42 | 16.11 | 10.73 | 9.05 | 6.43 | 9.41 | 7.44 | 3.58 | 4.23 | 4.16 | 3.33 | 2.33 | 1.72 | 6.90 | 5.85 | 7.15 |
| — | -58.3% | -26.9% | -30.9% | -1.0% | +15.5% | +71.2% | +44.3% | +153.2% | +51.9% | +126.4% | +123.3% | +53.7% | +145.7% | -39.8% | -43.0% | -67.5% | -78.2% | -57.0% | -53.3% | — | |
| EV / EBIT | 28.46 | 3.40 | 21.30 | 7.21 | 8.21 | 8.97 | 25.78 | 14.18 | 13.56 | 8.13 | 12.71 | 7.59 | 4.04 | 5.04 | 4.79 | 3.79 | 2.58 | 1.90 | 10.00 | 9.18 | 11.75 |
| — | -62.1% | -17.4% | -49.2% | -39.4% | +10.3% | +102.9% | +86.8% | +235.8% | +61.5% | +165.2% | +100.0% | +56.7% | +165.7% | -52.1% | -58.7% | -78.1% | -88.1% | -88.4% | -75.9% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.5% | 17.2% | 9.6% | 8.9% | 8.0% | 8.8% | 4.3% | 5.3% | 6.0% | 8.3% | 7.0% | 7.8% | 12.6% | 10.3% | 13.7% | 13.7% | 13.5% | 16.3% | 5.7% | 6.6% | 5.9% |
| — | +94.5% | +121.1% | +67.4% | +31.9% | +6.9% | -38.1% | -32.6% | -52.0% | -19.9% | -48.9% | -42.6% | -6.7% | -36.8% | +138.3% | +106.5% | +126.7% | +208.1% | +66.5% | +8.9% | +138.0% | |
| Operating Margin | 4.3% | 14.1% | 4.1% | 5.7% | 4.8% | 5.6% | 1.1% | 2.5% | 3.8% | 6.7% | 5.5% | 5.0% | 11.6% | 9.1% | 11.6% | 11.9% | 14.6% | 15.5% | 4.5% | 5.0% | 4.1% |
| — | +151.2% | +261.6% | +131.3% | +25.1% | -15.7% | -79.4% | -51.4% | -66.9% | -26.9% | -53.2% | -57.7% | -20.5% | -41.3% | +158.3% | +136.6% | +252.2% | +375.1% | +371.9% | +166.0% | +168.3% | |
| Net Margin | 3.0% | 9.9% | 1.5% | 4.7% | 3.9% | 3.6% | -0.2% | 1.1% | 1.8% | 4.0% | 2.9% | 4.0% | 8.0% | 6.1% | 7.8% | 8.3% | 9.8% | 10.9% | 2.2% | 2.2% | 2.1% |
| — | +174.7% | +729.6% | +320.9% | +122.1% | -10.0% | -108.2% | -72.0% | -77.9% | -34.8% | -63.3% | -52.0% | -18.0% | -43.9% | +251.9% | +280.8% | +355.4% | -62.0% | +308.4% | +38.1% | +142.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.7% | 20.9% | 2.2% | 6.4% | 5.8% | 5.2% | -0.3% | 1.5% | 2.3% | 5.2% | 3.1% | 4.5% | 10.0% | 6.7% | 7.9% | 9.6% | 13.3% | 18.1% | 2.6% | 2.2% | 1.9% |
| — | +298.3% | +791.4% | +333.1% | +151.3% | +0.2% | -110.2% | -67.3% | -77.0% | -22.1% | -61.3% | -53.1% | -24.4% | -62.8% | +204.2% | +333.3% | +595.0% | -29.7% | +421.3% | +137.2% | +167.2% | |
| ROA | 4.9% | 5.6% | 0.6% | 1.8% | 1.7% | 1.5% | -0.1% | 0.5% | 0.8% | 1.8% | 1.1% | 1.6% | 3.7% | 2.6% | 3.1% | 3.7% | 4.8% | 6.3% | 1.0% | 0.9% | 0.8% |
| — | +270.7% | +738.0% | +288.9% | +124.8% | -14.4% | -108.4% | -71.6% | -79.7% | -30.9% | -64.5% | -55.4% | -22.6% | -59.0% | +221.2% | +317.3% | +535.3% | -33.5% | +440.3% | +163.0% | +171.9% | |
| ROIC | 8.3% | 10.2% | 1.9% | 2.5% | 2.3% | 2.8% | 0.5% | 1.2% | 1.9% | 3.5% | 2.4% | 2.6% | 6.7% | 4.6% | 5.6% | 6.5% | 9.4% | 11.9% | 2.4% | 2.3% | 1.8% |
| — | +269.1% | +264.6% | +108.7% | +21.5% | -20.6% | -78.6% | -52.8% | -71.1% | -24.3% | -56.5% | -61.0% | -28.8% | -61.5% | +134.0% | +179.7% | +429.7% | +867.3% | +825.9% | +479.3% | +243.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.43 | 1.33 | 1.47 | 1.43 | 1.43 | 1.29 | 1.39 | 1.17 | 1.14 | 1.07 | 0.96 | 0.91 | 0.87 | 0.88 | 0.85 | 0.80 | 0.83 | 0.83 | 0.90 | 0.80 | 0.80 |
| — | +3.3% | +5.2% | +21.6% | +25.2% | +20.4% | +45.4% | +29.3% | +31.2% | +22.2% | +13.0% | +14.1% | +5.5% | +5.3% | -5.3% | -0.7% | +3.3% | +2.5% | -22.3% | -26.8% | -27.2% | |
| Debt / EBITDA | 3.81 | 4.20 | 15.51 | 12.85 | 13.61 | 11.19 | 28.02 | 17.56 | 13.39 | 8.96 | 10.93 | 10.73 | 5.11 | 6.90 | 5.87 | 5.04 | 3.73 | 3.07 | 11.12 | 10.38 | 13.22 |
| — | -62.4% | -44.6% | -26.8% | +1.6% | +24.9% | +156.4% | +63.5% | +162.3% | +29.9% | +86.1% | +112.9% | +36.9% | +125.1% | -47.2% | -51.4% | -71.8% | -81.1% | -65.3% | -62.7% | — | |
| Current Ratio | 1.26 | 1.25 | 1.18 | 1.26 | 1.32 | 1.23 | 1.19 | 1.17 | 1.23 | 1.31 | 1.43 | 1.59 | 1.67 | 1.84 | 1.90 | 1.76 | 1.66 | 1.49 | 1.45 | 1.70 | 2.02 |
| — | +1.5% | -1.6% | +7.3% | +6.8% | -5.7% | -16.8% | -26.4% | -26.2% | -29.2% | -24.7% | -9.4% | +0.8% | +23.7% | +31.5% | +3.3% | -18.1% | -24.6% | -23.3% | -5.7% | +9.9% | |
| Quick Ratio | 0.74 | 0.89 | 0.73 | 0.74 | 0.79 | 0.71 | 0.73 | 0.71 | 0.76 | 0.90 | 0.99 | 1.13 | 1.20 | 1.30 | 1.30 | 1.32 | 1.19 | 1.10 | 1.07 | 1.25 | 1.48 |
| — | +25.3% | +0.3% | +4.2% | +3.7% | -21.2% | -25.7% | -36.9% | -36.6% | -30.9% | -24.3% | -14.2% | +0.7% | +17.7% | +21.6% | +5.2% | -19.1% | -27.6% | -21.5% | -3.2% | +11.8% | |
| Interest Coverage | 5.97 | 17.12 | 3.07 | 7.28 | 8.05 | 6.46 | 2.08 | 3.85 | 4.17 | 7.79 | 5.86 | 8.06 | 15.48 | 10.97 | 13.31 | 15.00 | 22.06 | 27.90 | 6.05 | 5.41 | 4.10 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying MPC stock.
Marathon Petroleum Corporation's current P/E is 34.5x. The average P/E over the last 4 quarters is 14.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Marathon Petroleum Corporation's current operating margin is 4.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Marathon Petroleum Corporation's business trajectory between earnings reports.