Marathon Petroleum Corporation (MPC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 34.57B | 32.57B | 34.81B | 33.8B | 31.52B | 33.14B | 35.11B | 37.91B | 32.71B | 36.26B | 40.92B | 36.34B | 34.86B | 39.81B | 45.79B | 53.8B | 38.06B | 35.34B | 32.32B | 29.61B |
| Revenue Growth % | 9.68% | -1.7% | -0.85% | -10.85% | -3.64% | -8.6% | -14.2% | 4.32% | -6.19% | -8.94% | -10.64% | -32.44% | -8.39% | 12.67% | 41.66% | 81.65% | 67.58% | 96.62% | 85.67% | 142.85% |
| Cost of Goods Sold | 31.26B | 29.69B | 32.04B | 30.81B | 30.15B | 31.38B | 32.99B | 34.78B | 30.42B | 33.41B | 35.77B | 32.6B | 30.09B | 34.37B | 39.62B | 45.03B | 35.87B | 33B | 30.4B | 28.05B |
| COGS % of Revenue | 90.43% | 91.14% | 92.05% | 91.17% | 95.67% | 94.71% | 93.97% | 91.74% | 93.01% | 92.15% | 87.43% | 89.69% | 86.32% | 86.33% | 86.52% | 83.7% | 94.26% | 93.38% | 94.05% | 94.71% |
| Gross Profit | 3.31B | 2.88B | 2.77B | 2.98B | 1.36B | 1.75B | 2.12B | 3.13B | 2.29B | 2.85B | 5.14B | 3.75B | 4.77B | 5.44B | 6.17B | 8.77B | 2.19B | 2.34B | 1.92B | 1.57B |
| Gross Margin % | 9.57% | 8.86% | 7.95% | 8.83% | 4.33% | 5.29% | 6.03% | 8.26% | 6.99% | 7.85% | 12.57% | 10.31% | 13.68% | 13.67% | 13.48% | 16.3% | 5.74% | 6.62% | 5.95% | 5.29% |
| Gross Profit Growth % | 142.45% | 64.58% | 30.75% | -4.66% | -40.33% | -38.38% | -58.85% | -16.44% | -52.08% | -47.71% | -16.66% | -57.27% | 118.31% | 132.62% | 221.12% | 459.6% | 179.05% | 114.19% | 341.84% | 17.82% |
| Operating Expenses | 1.9B | 1.04B | 1.09B | 1.09B | 1.01B | 941M | 768M | 609M | 502M | 1.02B | 391M | 442M | 709M | 702M | -514M | 441M | 469M | 561M | 582M | 602M |
| OpEx % of Revenue | 5.51% | 3.19% | 3.15% | 3.22% | 3.2% | 2.84% | 2.19% | 1.61% | 1.53% | 2.81% | 0.96% | 1.22% | 2.03% | 1.76% | -1.12% | 0.82% | 1.23% | 1.59% | 1.8% | 2.03% |
| Selling, General & Admin | 867M | 836M | 863M | 867M | 783M | 804M | 815M | 823M | 779M | 820M | 804M | 679M | 668M | 763M | 705M | 694M | 582M | 656M | 681M | 625M |
| SG&A % of Revenue | 2.51% | 2.57% | 2.48% | 2.57% | 2.48% | 2.43% | 2.32% | 2.17% | 2.38% | 2.26% | 1.97% | 1.87% | 1.92% | 1.92% | 1.54% | 1.29% | 1.53% | 1.86% | 2.11% | 2.11% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | 1.4B | 1.85B | 1.67B | 1.9B | 354M | 812M | 1.35B | 2.52B | 1.78B | 1.83B | 4.75B | 3.31B | 4.06B | 4.74B | 6.69B | 8.33B | 1.72B | 1.78B | 1.34B | 965M |
| Operating Margin % | 4.06% | 5.67% | 4.81% | 5.61% | 1.12% | 2.45% | 3.84% | 6.65% | 5.45% | 5.04% | 11.62% | 9.09% | 11.65% | 11.9% | 14.6% | 15.48% | 4.51% | 5.03% | 4.15% | 3.26% |
| Operating Income Growth % | 296.61% | 127.34% | 24.02% | -24.86% | -80.16% | -55.56% | -71.62% | -23.69% | -56.07% | -61.45% | -28.91% | -60.31% | 136.66% | 166.54% | 398.96% | 763.01% | 690.78% | 422.94% | 226.77% | 67.83% |
| EBITDA | 2.21B | 2.67B | 2.51B | 2.68B | 1.15B | 1.64B | 2.19B | 3.36B | 2.61B | 2.65B | 5.6B | 4.14B | 4.86B | 5.54B | 7.48B | 9.15B | 2.52B | 2.59B | 2.18B | 1.84B |
| EBITDA Margin % | 6.4% | 8.21% | 7.22% | 7.94% | 3.64% | 4.94% | 6.25% | 8.86% | 7.98% | 7.32% | 13.68% | 11.39% | 13.94% | 13.91% | 16.34% | 17% | 6.62% | 7.33% | 6.73% | 6.2% |
| EBITDA Growth % | 92.94% | 63.25% | 14.53% | -20.12% | -56.07% | -38.31% | -60.79% | -18.82% | -46.29% | -52.04% | -25.16% | -54.75% | 92.82% | 113.66% | 243.75% | 398.2% | 137.61% | 117.91% | 1058.59% | 30.4% |
| D&A (Non-Cash Add-back) | 809M | 828M | 841M | 789M | 793M | 826M | 846M | 838M | 827M | 828M | 845M | 834M | 800M | 797M | 794M | 819M | 805M | 813M | 836M | 871M |
| EBIT | 1.4B | 2.75B | 2.74B | 2.22B | 717M | 1.24B | 1.47B | 2.66B | 1.93B | 2.6B | 4.96B | 3.48B | 4.22B | 4.86B | 6.75B | 8.31B | 1.74B | 1.65B | 1.32B | 911M |
| Net Interest Income | -370M | -337M | -300M | -313M | -299M | -253M | -229M | -205M | -190M | -132M | -138M | -167M | -168M | -185M | -247M | -280M | -283M | -299M | -318M | -316M |
| Interest Income | 0 | 41M | 41M | 31M | 46M | 69M | 122M | 136M | 140M | 191M | 182M | 150M | 149M | 139M | 59M | 18M | 5M | 6M | 5M | 2M |
| Interest Expense | 370M | 378M | 341M | 344M | 345M | 322M | 351M | 341M | 330M | 323M | 320M | 317M | 317M | 324M | 306M | 298M | 288M | 305M | 323M | 318M |
| Other Income/Expense | -370M | 505M | 730M | -17M | 29M | 84M | -221M | -194M | -179M | 457M | -118M | -142M | -154M | -186M | -240M | -312M | -262M | -430M | -328M | -372M |
| Pretax Income | 1.03B | 2.35B | 2.4B | 1.88B | 383M | 896M | 1.13B | 2.33B | 1.6B | 2.28B | 4.63B | 3.16B | 3.91B | 4.55B | 6.45B | 8.02B | 1.45B | 1.35B | 1.01B | 593M |
| Pretax Margin % | 2.99% | 7.22% | 6.9% | 5.56% | 1.22% | 2.7% | 3.21% | 6.14% | 4.91% | 6.3% | 11.33% | 8.7% | 11.21% | 11.44% | 14.08% | 14.9% | 3.82% | 3.81% | 3.13% | 2% |
| Income Tax | 183M | 372M | 460M | 268M | 37M | 111M | 113M | 373M | 293M | 407M | 1B | 583M | 823M | 984M | 1.43B | 1.8B | 282M | 243M | -18M | 5M |
| Effective Tax Rate % | 17.7% | 15.82% | 19.14% | 14.27% | 9.66% | 12.39% | 10.02% | 16.02% | 18.26% | 17.82% | 21.66% | 18.43% | 21.06% | 21.61% | 22.12% | 22.44% | 19.39% | 18.03% | -1.78% | 0.84% |
| Net Income | 511M | 1.53B | 1.37B | 1.22B | -74M | 371M | 622M | 1.51B | 937M | 1.45B | 3.28B | 2.23B | 2.72B | 3.32B | 4.48B | 5.87B | 845M | 774M | 694M | 8.51B |
| Net Margin % | 1.48% | 4.71% | 3.94% | 3.6% | -0.23% | 1.12% | 1.77% | 4% | 2.86% | 4% | 8.02% | 6.13% | 7.81% | 8.34% | 9.78% | 10.92% | 2.22% | 2.19% | 2.15% | 28.74% |
| Net Income Growth % | 790.54% | 313.75% | 120.26% | -19.74% | -107.9% | -74.43% | -81.04% | -31.94% | -65.6% | -56.31% | -26.74% | -62.1% | 222.37% | 329.07% | 545.1% | -31% | 449.17% | 171.58% | 178.33% | 94477.78% |
| Net Income (Continuing) | 851M | 1.98B | 1.94B | 1.61B | 346M | 785M | 1.01B | 1.96B | 1.31B | 1.88B | 3.63B | 2.58B | 3.08B | 3.57B | 5.02B | 6.22B | 1.17B | 1.1B | 1.03B | 588M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 1000K |
| Minority Interest | 6.67B | 6.77B | 6.79B | 6.64B | 6.67B | 6.76B | 6.78B | 6.76B | 6.85B | 7B | 6.94B | 6.85B | 6.8B | 7.37B | 7.47B | 7.36B | 7.33B | 7.38B | 7.68B | 7.77B |
| EPS (Diluted) | 1.73 | 5.13 | 4.51 | 3.96 | -0.24 | 1.16 | 1.87 | 4.33 | 2.59 | 3.84 | 8.28 | 5.31 | 6.09 | 7.09 | 9.06 | 10.96 | 1.49 | 1.27 | 1.09 | 0.75 |
| EPS Growth % | 820.83% | 342.24% | 141.18% | -8.54% | -109.28% | -69.82% | -77.41% | -18.5% | -57.57% | -45.8% | -8.66% | -51.51% | 309.63% | 458.73% | 731.83% | 1356.48% | 500.24% | 332.03% | 179.93% | 5351.45% |
| EPS (Basic) | 1.73 | 5.13 | 4.51 | 3.96 | -0.24 | 1.16 | 1.88 | 4.34 | 2.59 | 3.85 | 8.32 | 5.34 | 6.14 | 7.14 | 9.12 | 11.04 | 1.50 | 1.28 | 1.10 | 0.76 |
| Diluted Shares Outstanding | 295M | 299M | 304M | 309M | 313M | 321M | 332M | 350M | 362M | 377M | 396M | 419M | 447M | 468M | 494M | 536M | 570M | 609M | 637M | 662.22M |
| Basic Shares Outstanding | 295M | 299M | 303M | 309M | 313M | 320M | 331M | 349M | 361M | 376M | 394M | 417M | 444M | 465M | 491M | 532M | 564M | 606.61M | 636.7M | 654M |
| Dividend Payout Ratio | 57.73% | 19.54% | 20.15% | 22.94% | - | 78.71% | 43.89% | 19.14% | 31.91% | 21.43% | 9.05% | 14.2% | 12.37% | 10.57% | 6.37% | 5.33% | 39.05% | 45.74% | 53.31% | 4.48% |