Murphy USA Inc. (MUSA) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
Revenue Breakdown (FY 2024)
MUSA's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
MUSA Revenue Analysis (2013–2024)
As of March 1, 2026, Murphy USA Inc. (MUSA) generated trailing twelve-month (TTM) revenue of $19.38 billion, reflecting modest growth of +0.7% year-over-year. The most recent quarter (Q4 2025) recorded $4.74 billion in revenue, down 7.2% sequentially.
Looking at the longer-term picture, MUSA's 5-year compound annual growth rate (CAGR) stands at +7.6%, indicating steady revenue expansion. 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 (79%), Merchandise (21%), 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 (+13.3% YoY), CART (+10.2% YoY), and ARKO (-12.5% YoY), MUSA has underperformed the peer group in terms of revenue growth. Compare MUSA vs CASY →
Peer Comparison
Compare MUSA's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MUSACurrent | $19.4B | +0.7% | +7.6% | 3.7% | |
| CASY | $15.9B | +13.3% | +11.7% | 5.0% | |
| CART | $3.4B | +10.2% | - | 14.5% | |
| ARKO | $7.6B | -12.5% | +13.8% | 1.3% | |
| WNW | $158,485 | -52.1% | -54.0% | -1291.6% | |
| WBUY | $58M | - | - | -15.1% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
See MUSA's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs MUSA Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare MUSA vs BABA
See how MUSA stacks up against sector leader Alibaba Group Holding Limited.
Start ComparisonFrequently Asked Questions
Is MUSA's revenue growth accelerating or slowing?
MUSA revenue growth slowed to +0.7%, below the 5-year CAGR of +7.6%. TTM revenue is $19.4B. The deceleration marks a shift from historical growth rates.
What is MUSA's long-term revenue growth rate?
Murphy USA Inc.'s 5-year revenue CAGR of +7.6% reflects the variable expansion pattern. Current YoY growth of +0.7% 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 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.