Murphy USA Inc. (MUSA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MUSA Revenue Growth
Revenue Breakdown (FY 2025)
MUSA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MUSA Revenue Analysis (2014–2025)
As of May 7, 2026, Murphy USA Inc. (MUSA) generated trailing twelve-month (TTM) revenue of $19.68 billion, reflecting solid growth of +6.5% year-over-year. The most recent quarter (Q1 2026) recorded $4.82 billion in revenue, up 1.6% sequentially.
Looking at the longer-term picture, MUSA's 5-year compound annual growth rate (CAGR) stands at +11.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $23.45 billion in 2022.
Revenue diversification analysis shows MUSA's business is primarily driven by Product (77%), Merchandise (22%), and Product and Service, Other (1%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including CASY (+9.2% YoY), ARKO (-12.5% YoY), and SUN (+11.1% YoY), MUSA has underperformed the peer group in terms of revenue growth. Compare MUSA vs CASY →
MUSA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MUSACurrent | $19.7B | +6.5% | +11.5% | 3.8% | |
 CASY | $15.9B | +9.2% | +11.7% | 5.0% | |
 ARKO | $7.6B | -12.5% | +13.8% | 1.3% | |
 SUN | $25.2B | +11.1% | +18.7% | 3.7% | |
 DINO | $26.9B | -1.1% | +19.2% | 3.5% | |
 NTB | $800M | - | - | 29.8% |
MUSA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $19.38B | -4.2% | $970.7M | 5.0% | $739.2M | 3.8% |
| 2024 | $20.24B | -6.0% | $2.31B | 11.4% | $742.9M | 3.7% |
| 2023 | $21.53B | -8.2% | $2.31B | 10.7% | $826.0M | 3.8% |
| 2022 | $23.45B | +35.1% | $2.40B | 10.2% | $968.4M | 4.1% |
| 2021 | $17.36B | +54.1% | $1.85B | 10.7% | $604.0M | 3.5% |
| 2020 | $11.26B | -19.7% | $1.44B | 12.8% | $559.0M | 5.0% |
| 2019 | $14.03B | -2.3% | $1.13B | 8.0% | $268.5M | 1.9% |
| 2018 | $14.36B | +12.0% | $1.09B | 7.6% | $325.1M | 2.3% |
| 2017 | $12.83B | +10.6% | $1.06B | 8.3% | $283.3M | 2.2% |
| 2016 | $11.59B | -8.7% | $1.02B | 8.8% | $299.9M | 2.6% |
Full MUSA Stock Analysis
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Start ComparisonMUSA — Frequently Asked Questions
Quick answers to the most common questions about buying MUSA stock.
Is MUSA's revenue growth accelerating or slowing?
MUSA maintains +6.5% revenue growth, in line with its 5-year CAGR of +11.5%. TTM revenue stands at $19.7B. Growth rate remains consistent with historical average.
What is MUSA's long-term revenue growth rate?
Murphy USA Inc.'s 5-year revenue CAGR of +11.5% reflects the sustained expansion pattern. Current YoY growth of +6.5% is near this long-term average.
How is MUSA's revenue distributed by segment?
MUSA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.