Marathon Petroleum
MPC
442.26
+9.90
+2.29%
Marathon Petroleum
US · MPC
#185 by market cap
Listed 1970
442.26
+9.90
+2.29%
Live - 5344 symbols - heartbeat 4s ago
· 2026-10-08 08:17
Pre-market
449.05
+1.54%
After-hours
442.26
0.00%
Overnight
448.00
+1.30%
- Market cap
- 124.20B
- P/E (TTM)i
- 15.33
- P/Bi
- 6.51
- EPSi
- 13.22
- Div yieldi
- 0.88%
- 52W posi
- 99%
Reader sentiment
Are you bullish or bearish on MPC?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.79, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year -4.44% YoY
Margins
- Gross margin
- 7.54%
- Operating margin
- 4.35%
- Net margin
- 3.05%
Key ratios & quality
- Enterprise valuei
- 153.89B
- Altman Z-Scorei
- 3.79
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 86.09B | 111.15B | 69.78B | 119.98B | 177.45B | 148.38B | 138.86B | 132.70B |
| Gross profit | 6.87B | 8.70B | 671.00M | 6.61B | 22.57B | 16.51B | 9.29B | 10.00B |
| Selling & admin expenses | 2.28B | 3.19B | 2.71B | 2.54B | 2.77B | 3.04B | 3.22B | 3.35B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 4.19B | 4.94B | -2.71B | 3.35B | 18.97B | 12.59B | 5.25B | 5.77B |
| Pretax profit | 3.70B | 3.23B | -13.61B | 2.82B | 20.47B | 13.99B | 5.96B | 7.02B |
| Tax | 764.00M | 784.00M | -2.43B | 264.00M | 4.49B | 2.82B | 890.00M | 1.14B |
| Net profit | 3.61B | 3.26B | -9.98B | 11.00B | 16.05B | 11.17B | 5.07B | 5.88B |
| Basic EPS | 5 | 4 | -15 | 15 | 28 | 24 | 10 | 13 |
| Diluted EPS | 5.28 | 3.97 | -15.13 | 15.24 | 28.12 | 23.63 | 10.08 | 13.22 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 31.52B | 33.80B | 34.81B | 32.57B | 34.20B | 51.99B |
| Gross profit | 1.36B | 2.99B | 2.77B | 2.89B | 2.13B | 8.09B |
| Selling & admin expenses | 783.00M | 867.00M | 863.00M | 836.00M | 867.00M | 894.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 354.00M | 1.90B | 1.67B | 1.85B | 1.04B | 6.98B |
| Pretax profit | 383.00M | 1.88B | 2.40B | 2.35B | 1.03B | 6.98B |
| Tax | 37.00M | 268.00M | 460.00M | 372.00M | 183.00M | 1.44B |
| Net profit | 346.00M | 1.61B | 1.94B | 1.98B | 851.00M | 5.54B |
| Basic EPS | 0 | 4 | 5 | 5 | 2 | 18 |
| Diluted EPS | -0.24 | 3.96 | 4.51 | 5.12 | 1.73 | 17.73 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 18.02B | 30.46B | 28.29B | 30.50B | 35.24B | 32.13B | 24.45B | 24.78B |
| Cash & ST investments | 1.69B | 1.39B | 415.00M | 10.84B | 11.77B | 10.22B | 3.21B | 3.67B |
| Inventory | 9.84B | 9.80B | 8.00B | 8.06B | 8.83B | 9.32B | 9.57B | 10.13B |
| Total assets | 92.94B | 98.56B | 85.16B | 85.37B | 89.90B | 85.99B | 78.86B | 83.96B |
| Total current liabilities | 13.22B | 16.95B | 15.66B | 17.90B | 20.02B | 20.15B | 20.83B | 19.68B |
| Short-term debt | 544.00M | 1.22B | 3.35B | 1.01B | 1.43B | 2.41B | 3.47B | 2.86B |
| Long-term debt | 26.98B | 28.02B | 28.73B | 24.97B | 25.63B | 25.33B | 24.43B | 30.51B |
| Total liabilities | 47,887,000,000.00 | 55,449,000,000.00 | 54,938,000,000.00 | 51,792,000,000.00 | 54,817,000,000.00 | 54,588,000,000.00 | 54,352,000,000.00 | 59,869,000,000.00 |
| Total equity | 45.05B | 43.11B | 30.22B | 33.58B | 35.09B | 31.40B | 24.51B | 24.09B |
| Retained earnings | 14.76B | 15.99B | 4.65B | 12.91B | 26.14B | 34.56B | 36.85B | 39.75B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 27.14B | 23.73B | 24.63B | 24.78B | 28.70B | 34.29B |
| Cash & ST investments | 3.81B | 1.67B | 2.65B | 3.67B | 2.15B | 7.77B |
| Inventory | 10.49B | 10.11B | 9.83B | 10.13B | 10.76B | 9.97B |
| Total assets | 81.63B | 78.48B | 83.24B | 83.96B | 88.19B | 94.31B |
| Total current liabilities | 22.73B | 19.26B | 18.73B | 19.68B | 24.41B | 27.42B |
| Short-term debt | 4.48B | 2.27B | 2.05B | 2.86B | 2.62B | 2.62B |
| Long-term debt | 26.85B | 26.84B | 31.23B | 30.51B | 30.71B | 30.70B |
| Total liabilities | 58,568,000,000.00 | 55,220,000,000.00 | 59,351,000,000.00 | 59,869,000,000.00 | 64,760,000,000.00 | 68,590,000,000.00 |
| Total equity | 23.07B | 23.26B | 23.89B | 24.09B | 23.43B | 25.72B |
| Retained earnings | 36.49B | 37.42B | 38.52B | 39.75B | 39.97B | 44.81B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 6.16B | 9.44B | 2.42B | 4.36B | 16.36B | 14.12B | 8.67B | 8.25B |
| Depreciation & amortization | 2.17B | 3.23B | 3.38B | 3.36B | 3.22B | 3.31B | 3.34B | 3.25B |
| Free cash flow | 2.98B | 4.63B | -368.00M | 2.90B | 13.94B | 12.23B | 6.13B | 4.77B |
| Dividends paid | -954.00M | -1.40B | -1.51B | -1.48B | -1.28B | -1.26B | -1.15B | -1.14B |
| Stock buybacks / issuance | -3.26B | -1.94B | 11.00M | -4.55B | -11.68B | -11.51B | -9.16B | -3.46B |
| Ending cash balance | 1.52B | 1.40B | 416.00M | 5.29B | 8.63B | 5.45B | 3.21B | 3.67B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -64.00M | 2.64B | 2.61B | 3.07B | 1.12B | 10.33B |
| Depreciation & amortization | 793.00M | 789.00M | 841.00M | 828.00M | 809.00M | 838.00M |
| Free cash flow | -727.00M | 1.94B | 1.66B | 1.89B | 208.00M | 9.14B |
| Dividends paid | -285.00M | -279.00M | -276.00M | -300.00M | -295.00M | -290.00M |
| Stock buybacks / issuance | -1.03B | -780.00M | -649.00M | -1.00B | -749.00M | -2.53B |
| Ending cash balance | 3.81B | 1.67B | 2.65B | 3.67B | 2.15B | 7.77B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 11.29 | 7.66 | -35.16 | 40.23 | 53.81 | 37.12 | 16.33 | 23.06 |
| ROA %i | 3.91 | 2.75 | -10.70 | 11.42 | 16.55 | 11.00 | 4.18 | 4.97 |
| ROIC %i | 7.71 | 5.54 | -14.53 | 20.07 | 28.08 | 18.57 | 8.30 | 10.38 |
| 5-year avg ROE %i | 18.38 | 15.26 | 3.48 | 9.78 | 15.57 | 20.73 | 22.46 | 34.11 |
| EBIT margin %i | 5.71 | 4.49 | -17.60 | 3.40 | 12.21 | 10.28 | 5.23 | 6.35 |
| FCF / sales %i | 2.67 | 3.28 | -- | 2.41 | 7.86 | 8.24 | 4.42 | 3.59 |
| Current ratioi | 1.36 | 1.80 | 1.81 | 1.70 | 1.76 | 1.59 | 1.17 | 1.26 |
| Quick ratioi | 0.57 | 0.51 | 0.39 | 1.22 | 1.26 | 1.11 | 0.69 | 0.71 |
| Debt / assetsi | 29.61 | 30.99 | 38.86 | 31.51 | 31.04 | 33.15 | 36.47 | 40.92 |
| LT debt / equityi | 76.70 | 87.02 | 133.99 | 98.81 | 95.53 | 106.92 | 142.53 | 181.92 |
| Interest coveragei | 5.83 | 4.50 | -9.21 | 3.22 | 18.13 | 12.06 | 5.55 | 5.97 |
| Revenue CAGR (3Y) %i | 6.11 | 20.62 | -2.26 | 11.70 | 16.88 | 28.59 | 4.99 | -9.23 |
| Net income CAGR (3Y) %i | -0.85 | 30.96 | -- | 51.87 | 76.57 | -- | -29.28 | -34.67 |
| FCF CAGR (3Y) %i | 12.81 | 60.27 | -- | -0.94 | 44.39 | -- | 28.41 | -30.07 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 12.37 | 11.24 | 15.98 | 23.06 | 27.92 | 47.90 |
| ROA %i | 2.91 | 2.60 | 3.53 | 4.97 | 5.45 | 9.90 |
| ROIC %i | 6.36 | 6.22 | 7.49 | 10.38 | 11.50 | 19.27 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 4.39 | 4.21 | 5.17 | 6.35 | 6.74 | 9.30 |
| FCF / sales %i | 3.24 | 2.73 | 3.21 | 3.59 | 4.21 | 8.40 |
| Current ratioi | 1.19 | 1.23 | 1.32 | 1.26 | 1.18 | 1.25 |
| Quick ratioi | 0.70 | 0.66 | 0.70 | 0.71 | 0.69 | 0.86 |
| Debt / assetsi | 39.37 | 38.27 | 41.09 | 40.92 | 38.92 | 36.36 |
| LT debt / equityi | 168.71 | 167.05 | 188.04 | 181.92 | 189.26 | 166.03 |
| Interest coveragei | 4.61 | 4.21 | 5.19 | 5.97 | 6.24 | 9.40 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Refining & Marketing is the largest reported line at 94.83% of revenue, across 4 reported segments.
- The next-largest line, Midstream, is a distant second at 5.97% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Refining & Marketing94.83%
Midstream5.97%
Renewable diesel2.41%
Quote time 2026-10-08 08:17:31 · For reference only, not investment advice and not tailored to your situation.