Murphy USA Inc. (MUSA) Revenue History
Annual and quarterly revenue from 2011 to present
MUSA Revenue Over Time (2011–2025)
MUSA Revenue Growth History
5 of 14 years with positive growth- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- +2.0%
- FY2013 revenue growth
- -6.3%
- FY2014 revenue growth
- -6.1%
- FY2015 revenue growth
- -25.2%
- FY2016 revenue growth
- -8.7%
- FY2017 revenue growth
- +10.6%
- FY2018 revenue growth
- +12.0%
- FY2019 revenue growth
- -2.3%
- FY2020 revenue growth
- -19.7%
- FY2021 revenue growth
- +54.1%
- FY2022 revenue growth
- +35.1%
- FY2023 revenue growth
- -8.2%
- FY2024 revenue growth
- -6.0%
- FY2025 revenue growth
- -4.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $4.82B | +6.5% |
| Q4 2025 | $4.74B | +0.7% |
| Q3 2025 | $5.11B | -2.5% |
| Q2 2025 | $5.00B | -8.2% |
| Q1 2025 | $4.53B | -6.6% |
| Q4 2024 | $4.71B | -7.1% |
| Q3 2024 | $5.24B | -9.6% |
| Q2 2024 | $5.45B | -2.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MUSA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MUSA Revenue Analysis (2011–2025)
Current Revenue & Growth
As of June 21, 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.
Historical Growth Trajectory
MUSA's 5-year compound annual growth rate (CAGR) stands at +11.5%, indicating consistent double-digit revenue growth. The 3-year CAGR of -6.1% is below the 5-year average, signalling a growth deceleration in recent years. Murphy USA Inc.'s highest annual revenue of $23.45 billion was recorded in 2022.
Revenue by Segment
MUSA's revenue is primarily driven by Product (77%), Merchandise (22%), and Product and Service, Other (1%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including CASY (+10.2% YoY), ARKO (-10.6% YoY), and SUN (+37.3% YoY) — MUSA has underperformed the peer group in 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 | $17.6B | +10.2% | +15.1% | 5.9% | |
 ARKO | $7.6B | -10.6% | +13.8% | 1.3% | |
 SUN | $25.2B | +37.3% | +18.7% | 3.7% | |
 DINO | $26.9B | -1.1% | +19.2% | 3.5% | |
 NTB | $800M | - | - | 29.8% |
MUSA Historical Revenue Data (2011–2025)
| 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% |
| 2015 | $12.70B | -25.2% | $958.5M | 7.5% | $254.8M | 2.0% |
| 2014 | $16.99B | -6.1% | $1.05B | 6.2% | $365.4M | 2.2% |
| 2013 | $18.08B | -6.3% | $966.9M | 5.3% | $264.9M | 1.5% |
| 2012 | $19.30B | +2.0% | $878.2M | 4.5% | $151.2M | 0.8% |
| 2011 | $18.92B | - | $931.5M | 4.9% | $311.2M | 1.6% |
Full Stock Analysis
Deep dive into MUSA consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
15+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
MUSA — Frequently Asked Questions
Quick answers to the most common questions about buying MUSA stock.
Is MUSA's revenue growth accelerating or slowing?
MUSA revenue growth is holding steady at +6.5% year-over-year. TTM revenue is $19.7B. The current growth rate closely tracks the 5-year CAGR of +11.5%, signalling consistent execution.
What is MUSA's revenue history from 2011 to 2026?
Murphy USA Inc. (MUSA) revenue history spans 2011 to 2026. TTM revenue as of 2026 is $19.7B, growing at +6.5% YoY. The 5-year CAGR is +11.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MUSA's long-term revenue growth rate (CAGR)?
Murphy USA Inc.'s 5-year revenue CAGR of +11.5% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +6.5% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MUSA.
Why does MUSA's quarterly revenue fluctuate?
MUSA quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Murphy USA Inc.'s revenue data from 2011 to 2026 shows full historical quarterly detail on this page.
How is MUSA's revenue distributed by segment?
MUSA reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MUSA's revenue compare to industry peers?
Murphy USA Inc. (MUSA) with TTM revenue of $19.7B and +6.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.