Marathon Pete Corp Financials

MPC

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Marathon Pete Corp (MPC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$138.9B

YoY-6.4%

5Y CAGR+4.6%

10Y CAGR+3.6%

Marathon Pete Corp generated $138.9B in revenue in fiscal year 2024. This represents a decrease of 6.4% from the prior year.

EBITDA

$10.1B

YoY-43.1%

5Y CAGR+5.7%

10Y CAGR+6.5%

Marathon Pete Corp's EBITDA was $10.1B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 43.1% from the prior year.

Free Cash Flow

$6.1B

YoY-49.8%

5Y CAGR+5.8%

10Y CAGR+14.2%

Marathon Pete Corp generated $6.1B in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 49.8% from the prior year.

Net Income

$3.4B

YoY-64.4%

5Y CAGR+5.5%

10Y CAGR+3.2%

Marathon Pete Corp reported $3.4B in net income in fiscal year 2024. This represents a decrease of 64.4% from the prior year.

EPS (Diluted)

$10.08

YoY-57.3%

5Y CAGR+20.5%

10Y CAGR+8.7%

Marathon Pete Corp earned $10.08 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 57.3% from the prior year.

Cash & Debt

$3.2B

YoY-41.0%

5Y CAGR+18.2%

10Y CAGR+7.9%

Marathon Pete Corp held $3.2B in cash against $24.4B in long-term debt as of fiscal year 2024.

Dividends Per Share

$3.38

YoY+10.1%

5Y CAGR+9.8%

10Y CAGR+13.9%

Marathon Pete Corp paid $3.38 per share in dividends in fiscal year 2024. This represents an increase of 10.1% from the prior year.

Shares Outstanding

N/A

Gross Margin

9.1%

YoY-4.3pp

5Y CAGR-1.6pp

Marathon Pete Corp's gross margin was 9.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 4.3 percentage points from the prior year.

Operating Margin

4.9%

YoY-4.9pp

5Y CAGR+0.9pp

10Y CAGR+0.8pp

Marathon Pete Corp's operating margin was 4.9% in fiscal year 2024, reflecting core business profitability. This is down 4.9 percentage points from the prior year.

Net Margin

2.5%

YoY-4.0pp

5Y CAGR+0.1pp

10Y CAGR-0.1pp

Marathon Pete Corp's net profit margin was 2.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.0 percentage points from the prior year.

Return on Equity

19.4%

YoY-12.3pp

5Y CAGR+13.2pp

10Y CAGR-2.7pp

Marathon Pete Corp's ROE was 19.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 12.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$9.2B

YoY-20.6%

5Y CAGR+36.3%

10Y CAGR+15.7%

Marathon Pete Corp spent $9.2B on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 20.6% from the prior year.

Capital Expenditures

$2.5B

YoY+34.0%

5Y CAGR-12.0%

10Y CAGR+5.5%

Marathon Pete Corp invested $2.5B in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 34.0% from the prior year.

MPC Income Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Revenue	$138.9B-6.4%	$148.4B-16.4%	$177.5B+47.9%	$120.0B+71.9%	$69.8B-37.2%	$111.1B
Cost of Revenue	$126.2B-1.8%	$128.6B-15.2%	$151.7B+37.9%	$110.0B+67.4%	$65.7B-33.8%	$99.2B
Gross Profit	$12.6B-36.3%	$19.8B-23.2%	$25.8B+158.5%	$10.0B+146.5%	$4.0B-66.1%	$11.9B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.2B+6.0%	$3.0B+9.6%	$2.8B+9.3%	$2.5B-6.4%	$2.7B-15.1%	$3.2B
Operating Income	$6.8B-53.2%	$14.5B-32.4%	$21.5B+399.3%	$4.3B+135.1%	-$12.2B-374.5%	$4.5B
Interest Expense	$1.4B+3.0%	$1.3B+2.0%	$1.3B-3.1%	$1.3B-8.3%	$1.5B+5.3%	$1.4B
Income Tax	$890.0M-68.4%	$2.8B-37.3%	$4.5B+1601.1%	$264.0M+110.9%	-$2.4B-409.9%	$784.0M
Net Income	$3.4B-64.4%	$9.7B-33.3%	$14.5B+49.1%	$9.7B+199.1%	-$9.8B-472.6%	$2.6B
EPS (Diluted)	$10.08-57.3%	$23.63-16.0%	$28.12+84.5%	$15.24+200.7%	$-15.13-481.1%	$3.97

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$34.8B+3.0%	$33.8B+7.2%	$31.5B-4.9%	$33.1B-5.6%	$35.1B-7.4%	$37.9B+15.9%	$32.7B-9.8%	$36.3B
Cost of Revenue	$31.2B+3.9%	$30.0B+2.3%	$29.4B-3.9%	$30.6B-4.9%	$32.1B-5.3%	$33.9B+14.7%	$29.6B-9.2%	$32.6B
Gross Profit	$3.6B-4.4%	$3.8B+75.0%	$2.2B-16.4%	$2.6B-13.0%	$3.0B-25.3%	$4.0B+27.5%	$3.1B-15.2%	$3.7B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$863.0M-0.5%	$867.0M+10.7%	$783.0M-2.6%	$804.0M-1.3%	$815.0M-1.0%	$823.0M+5.6%	$779.0M-5.0%	$820.0M
Operating Income	$2.7B+23.5%	$2.2B+219.8%	$687.0M-39.8%	$1.1B-15.4%	$1.3B-46.5%	$2.5B+41.4%	$1.8B-25.5%	$2.4B
Interest Expense	$368.0M+2.5%	$359.0M+2.0%	$352.0M+6.3%	$331.0M-6.0%	$352.0M+3.2%	$341.0M0.0%	$341.0M+3.0%	$331.0M
Income Tax	$460.0M+71.6%	$268.0M+624.3%	$37.0M-66.7%	$111.0M-1.8%	$113.0M-69.7%	$373.0M+27.3%	$293.0M-28.0%	$407.0M
Net Income	$1.4B+12.7%	$1.2B+1743.2%	-$74.0M-119.9%	$371.0M-40.4%	$622.0M-58.9%	$1.5B+61.7%	$937.0M-35.4%	$1.5B
EPS (Diluted)	$4.51+13.9%	$3.96+1750.0%	$-0.24-118.5%	$1.30-30.5%	$1.87-56.8%	$4.33+67.8%	$2.58-34.5%	$3.94

MPC Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Total Assets	$78.9B-8.3%	$86.0B-4.4%	$89.9B+5.3%	$85.4B+0.3%	$85.2B-13.6%	$98.6B
Current Assets	$24.4B-23.9%	$32.1B-8.8%	$35.2B+15.6%	$30.5B+7.8%	$28.3B-7.1%	$30.5B
Cash & Equivalents	$3.2B-41.0%	$5.4B-36.9%	$8.6B+63.0%	$5.3B+1174.9%	$415.0M-70.2%	$1.4B
Inventory	$9.6B+2.7%	$9.3B+5.6%	$8.8B+9.6%	$8.1B+0.7%	$8.0B-18.4%	$9.8B
Accounts Receivable	$11.1B-8.6%	$12.2B-9.6%	$13.5B+22.1%	$11.0B+91.6%	$5.8B-20.4%	$7.2B
Goodwill	$8.2B0.0%	$8.2B0.0%	$8.2B-0.1%	$8.3B0.0%	$8.3B-47.2%	$15.7B
Total Liabilities	$54.4B-0.4%	$54.6B-0.4%	$54.8B+5.8%	$51.8B-5.7%	$54.9B-0.9%	$55.4B
Current Liabilities	$20.8B+3.4%	$20.1B+0.6%	$20.0B+11.9%	$17.9B+14.3%	$15.7B-7.6%	$16.9B
Long-Term Debt	$24.4B-3.5%	$25.3B-1.2%	$25.6B+2.7%	$25.0B-13.1%	$28.7B+2.5%	$28.0B
Total Equity	$17.7B-41.8%	$30.5B-10.6%	$34.1B+4.6%	$32.6B+11.5%	$29.3B-30.6%	$42.1B
Retained Earnings	$36.8B+6.6%	$34.6B+32.2%	$26.1B+102.6%	$12.9B+177.5%	$4.7B-70.9%	$16.0B

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$83.2B+6.1%	$78.5B-3.9%	$81.6B+3.5%	$78.9B-1.2%	$79.8B-6.3%	$85.2B-0.3%	$85.5B-0.5%	$86.0B
Current Assets	$24.6B+3.8%	$23.7B-12.6%	$27.1B+11.0%	$24.4B-5.8%	$25.9B-17.2%	$31.3B+0.3%	$31.3B-2.7%	$32.1B
Cash & Equivalents	$2.7B+58.6%	$1.7B-56.1%	$3.8B+18.8%	$3.2B-19.8%	$4.0B-9.9%	$4.4B+39.9%	$3.2B-41.7%	$5.4B
Inventory	$9.8B-2.7%	$10.1B-3.6%	$10.5B+9.6%	$9.6B-3.2%	$9.9B+0.9%	$9.8B+0.2%	$9.8B+5.0%	$9.3B
Accounts Receivable	$10.5B-5.8%	$11.1B-8.1%	$12.1B+8.7%	$11.1B+9.5%	$10.2B-17.3%	$12.3B-6.6%	$13.2B+8.1%	$12.2B
Goodwill	$9.3B+13.2%	$8.2B0.0%	$8.2B0.0%	$8.2B0.0%	$8.2B0.0%	$8.2B0.0%	$8.2B0.0%	$8.2B
Total Liabilities	$59.4B+7.5%	$55.2B-5.7%	$58.6B+7.8%	$54.4B+0.4%	$54.1B-5.3%	$57.1B+2.5%	$55.8B+2.1%	$54.6B
Current Liabilities	$18.7B-2.7%	$19.3B-15.3%	$22.7B+9.1%	$20.8B-1.1%	$21.1B-12.2%	$24.0B+10.2%	$21.8B+8.1%	$20.1B
Long-Term Debt	$31.2B+16.4%	$26.8B0.0%	$26.8B+9.9%	$24.4B+1.6%	$24.1B+0.1%	$24.0B-3.2%	$24.8B-2.0%	$25.3B
Total Equity	$17.1B-26.5%	$23.3B+0.9%	$23.1B+30.0%	$17.7B-30.4%	$25.5B-8.5%	$27.9B-4.5%	$29.2B-4.2%	$30.5B
Retained Earnings	$38.5B+2.9%	$37.4B+2.6%	$36.5B-1.0%	$36.8B+0.2%	$36.8B+1.0%	$36.4B+3.5%	$35.2B+1.8%	$34.6B

MPC Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Operating Cash Flow	$8.7B-38.6%	$14.1B-13.7%	$16.4B+275.3%	$4.4B+80.2%	$2.4B-74.4%	$9.4B
Capital Expenditures	$2.5B+34.0%	$1.9B-21.9%	$2.4B+65.3%	$1.5B-47.5%	$2.8B-42.1%	$4.8B
Free Cash Flow	$6.1B-49.8%	$12.2B-12.3%	$13.9B+381.4%	$2.9B+887.0%	-$368.0M-107.9%	$4.6B
Investing Cash Flow	$1.5B+149.6%	-$3.1B-596.8%	$623.0M-95.8%	$14.8B+554.3%	-$3.3B+48.0%	-$6.3B
Financing Cash Flow	-$12.4B+12.5%	-$14.2B-4.1%	-$13.6B+5.4%	-$14.4B-10580.7%	-$135.0M+96.0%	-$3.4B
Dividends Paid	$1.2B-8.5%	$1.3B-1.4%	$1.3B-13.8%	$1.5B-1.7%	$1.5B+8.0%	$1.4B
Share Buybacks	$9.2B-20.6%	$11.6B-2.9%	$11.9B+156.2%	$4.7B	$0-100.0%	$1.9B

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	-$64.0M	N/A	N/A	N/A	$1.5B	N/A
Capital Expenditures	N/A	N/A	$663.0M	N/A	N/A	N/A	$585.0M	N/A
Free Cash Flow	N/A	N/A	-$727.0M	N/A	N/A	N/A	$947.0M	N/A
Investing Cash Flow	N/A	N/A	-$923.0M	N/A	N/A	N/A	-$824.0M	N/A
Financing Cash Flow	N/A	N/A	$1.6B	N/A	N/A	N/A	-$3.0B	N/A
Dividends Paid	N/A	N/A	$285.0M	N/A	N/A	N/A	$299.0M	N/A
Share Buybacks	N/A	N/A	$1.1B-23.1%	$1.4B-49.1%	$2.7B-6.7%	$2.9B+30.6%	$2.2B-11.5%	$2.5B

MPC Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY22	FY21
Gross Margin	9.1%-4.3pp	13.4%-1.2pp	14.5%+6.2pp	8.3%+2.5pp	5.8%-4.9pp	10.7%
Operating Margin	4.9%-4.9pp	9.8%-2.3pp	12.1%+8.5pp	3.6%+21.1pp	-17.5%-21.6pp	4.0%
Net Margin	2.5%-4.0pp	6.5%-1.7pp	8.2%+0.1pp	8.1%+22.2pp	-14.1%-16.4pp	2.4%
Return on Equity	19.4%-12.3pp	31.7%-10.8pp	42.5%+12.7pp	29.9%	N/A	6.3%
Return on Assets	4.4%-6.9pp	11.3%-4.9pp	16.2%+4.7pp	11.4%+22.9pp	-11.5%-14.2pp	2.7%
Current Ratio	1.17-0.4	1.59-0.2	1.76+0.1	1.70-0.1	1.810.0	1.80
Debt-to-Equity	1.38+0.5	0.83+0.1	0.75-0.0	0.77-0.2	0.98+0.3	0.66
FCF Margin	4.4%-3.8pp	8.2%+0.4pp	7.9%+5.5pp	2.4%+2.9pp	-0.5%-4.7pp	4.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	10.4%-0.8pp	11.2%+4.3pp	6.8%-0.9pp	7.8%-0.7pp	8.4%-2.0pp	10.5%+0.9pp	9.5%-0.6pp	10.1%
Operating Margin	7.8%+1.3pp	6.5%+4.3pp	2.2%-1.3pp	3.4%-0.4pp	3.8%-2.8pp	6.7%+1.2pp	5.5%-1.2pp	6.6%
Net Margin	3.9%+0.3pp	3.6%+3.8pp	-0.2%-1.4pp	1.1%-0.7pp	1.8%-2.2pp	4.0%+1.1pp	2.9%-1.1pp	4.0%
Return on Equity	8.0%+2.8pp	5.2%	N/A	2.1%-0.4pp	2.4%-3.0pp	5.4%+2.2pp	3.2%-1.6pp	4.8%
Return on Assets	1.7%+0.1pp	1.6%+1.6pp	-0.1%-0.6pp	0.5%-0.3pp	0.8%-1.0pp	1.8%+0.7pp	1.1%-0.6pp	1.7%
Current Ratio	1.32+0.1	1.23+0.0	1.19+0.0	1.17-0.1	1.23-0.1	1.31-0.1	1.43-0.2	1.59
Debt-to-Equity	1.83+0.7	1.15-0.0	1.16-0.2	1.38+0.4	0.94+0.1	0.86+0.0	0.85+0.0	0.83
FCF Margin	N/A	N/A	-2.3%	N/A	N/A	N/A	2.9%	N/A

Financial Health Signals

Financial Profile 37/100

Profitability

Growth

Leverage

Liquidity

Cash Flow

Returns

Based on FY2024 annual data. Scores normalized against common benchmarks.

Altman Z-Score Safe

3.40

Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.

Piotroski F-Score Neutral

4/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed

2.52x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage Adequate

5.0x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

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Frequently Asked Questions

What is Marathon Pete Corp's annual revenue?

Marathon Pete Corp (MPC) reported $138.9B in total revenue for fiscal year 2024. This represents a -6.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Marathon Pete Corp's revenue growing?

Marathon Pete Corp (MPC) revenue declined by 6.4% year-over-year, from $148.4B to $138.9B in fiscal year 2024.

Is Marathon Pete Corp profitable?

Yes, Marathon Pete Corp (MPC) reported a net income of $3.4B in fiscal year 2024, with a net profit margin of 2.5%.

What is Marathon Pete Corp's earnings per share (EPS)?

Marathon Pete Corp (MPC) reported diluted earnings per share of $10.08 for fiscal year 2024. This represents a -57.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Marathon Pete Corp's EBITDA?

Marathon Pete Corp (MPC) had EBITDA of $10.1B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Marathon Pete Corp have?

As of fiscal year 2024, Marathon Pete Corp (MPC) had $3.2B in cash and equivalents against $24.4B in long-term debt.

What is Marathon Pete Corp's gross margin?

Marathon Pete Corp (MPC) had a gross margin of 9.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Marathon Pete Corp's operating margin?

Marathon Pete Corp (MPC) had an operating margin of 4.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Marathon Pete Corp's net profit margin?

Marathon Pete Corp (MPC) had a net profit margin of 2.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Marathon Pete Corp pay dividends?

Yes, Marathon Pete Corp (MPC) paid $3.38 per share in dividends during fiscal year 2024.

What is Marathon Pete Corp's return on equity (ROE)?

Marathon Pete Corp (MPC) has a return on equity of 19.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Marathon Pete Corp's free cash flow?

Marathon Pete Corp (MPC) generated $6.1B in free cash flow during fiscal year 2024. This represents a -49.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Marathon Pete Corp's operating cash flow?

Marathon Pete Corp (MPC) generated $8.7B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Marathon Pete Corp's total assets?

Marathon Pete Corp (MPC) had $78.9B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Marathon Pete Corp's capital expenditures?

Marathon Pete Corp (MPC) invested $2.5B in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Marathon Pete Corp buy back shares?

Yes, Marathon Pete Corp (MPC) spent $9.2B on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is Marathon Pete Corp's current ratio?

Marathon Pete Corp (MPC) had a current ratio of 1.17 as of fiscal year 2024, which is considered adequate.

What is Marathon Pete Corp's debt-to-equity ratio?

Marathon Pete Corp (MPC) had a debt-to-equity ratio of 1.38 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Marathon Pete Corp's return on assets (ROA)?

Marathon Pete Corp (MPC) had a return on assets of 4.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Marathon Pete Corp's Altman Z-Score?

Marathon Pete Corp (MPC) has an Altman Z-Score of 3.40, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress.

What is Marathon Pete Corp's Piotroski F-Score?

Marathon Pete Corp (MPC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Marathon Pete Corp's earnings high quality?

Marathon Pete Corp (MPC) has an earnings quality ratio of 2.52x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.

Can Marathon Pete Corp cover its interest payments?

Marathon Pete Corp (MPC) has an interest coverage ratio of 5.0x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline.

How financially healthy is Marathon Pete Corp?

Marathon Pete Corp (MPC) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks.