What is MARATHON PETROLEUM CORPORATION's earnings per share (EPS)?

MARATHON PETROLEUM CORPORATION (MPC) reported diluted earnings per share of $13.22 for fiscal year 2025. This represents a 31.2% 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.

MARATHON PETROLEUM CORPORATION (MPC) Financials

MPC

Trailing 12 months to June 30, 2026

Revenue $153.6B +15.0% YoY

Net Income $8.6B +300.7% YoY

EPS (Diluted) $29.04 +324.6% YoY

Free Cash Flow $12.9B +253.7% YoY

Market Cap $127.8B as of Oct 9, 2026

Price / Sales 0.8x on $153.6B revenue, trailing 12 months to June 30, 2026

Price / Earnings 14.9x on $8.6B net income, trailing 12 months to June 30, 2026

Price / Book 6.7x on $19.1B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 4, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MPC SEC filings page.

MARATHON PETROLEUM CORPORATION (MPC) reported $153.6B in revenue over the twelve months to Jun 30, 2026, up 15.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI MPC FY2025 2026-10-03

MPC’s profit recovery in FY2025 was paired with weaker cash conversion and a more debt-funded balance sheet.

FY2025 net income rose 17.4% from FY2024, yet operating cash flow fell to $8.3B; the accounting rebound therefore produced less cash before investment. Because capital spending also increased to $3.5B, free cash flow dropped to $4.8B, making reinvestment the tighter constraint on cash generation.

Margins recovered from FY2024’s trough even as revenue fell 4.4%, with operating margin reaching 6.3%. This points to margin expansion without volume growth; the data do not establish whether mix or cost changes drove it.

Debt-to-equity climbed from 1.4x in FY2024 to 1.8x in FY2025, indicating a more leveraged financing structure. The current ratio improved to 1.3x even as equity remained near $17.3B, so short-term coverage looked better while longer-term balance-sheet flexibility narrowed.

Financial Health Signals

Financial Health Score 45/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of MARATHON PETROLEUM CORPORATION's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

MARATHON PETROLEUM CORPORATION has an operating margin of 6.3%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 45/100, indicating healthy but not exceptional operating efficiency. This is up from 4.9% the prior year.

Growth

MARATHON PETROLEUM CORPORATION's revenue declined 4.4% year-over-year, from $138.9B to $132.7B. This contraction results in a growth score of 27/100.

Leverage

MARATHON PETROLEUM CORPORATION has elevated debt relative to equity (D/E of 1.76), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 28/100, reflecting increased financial risk.

Liquidity

MARATHON PETROLEUM CORPORATION's current ratio of 1.26 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

MARATHON PETROLEUM CORPORATION has a free cash flow margin of 3.6%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

MARATHON PETROLEUM CORPORATION earns a strong 23.4% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 79/100. This is up from 19.4% the prior year.

Altman Z-Score Safe

3.92

MARATHON PETROLEUM CORPORATION scores 3.92, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

7/9

MARATHON PETROLEUM CORPORATION passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

2.04x

For every $1 of reported earnings, MARATHON PETROLEUM CORPORATION generates $2.04 in operating cash flow ($8.3B OCF vs $4.0B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.57x

MARATHON PETROLEUM CORPORATION earns $5.57 in operating income for every $1 of interest expense ($8.3B vs $1.5B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$52.0B

YoY+53.8%

QoQ+52.0%

5Y CAGR+11.9%

10Y CAGR+12.0%

MARATHON PETROLEUM CORPORATION generated $52.0B in revenue in Q2 2026. This represents an increase of 53.8% from the same quarter a year earlier. Against the prior quarter it is up 52.0%.

EBITDA

$8.2B

YoY+173.3%

QoQ+268.7%

5Y CAGR+34.8%

10Y CAGR+16.2%

MARATHON PETROLEUM CORPORATION's EBITDA was $8.2B in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 173.3% from the same quarter a year earlier. Against the prior quarter it is up 268.7%.

Net Income

$5.1B

YoY+322.5%

QoQ+905.5%

5Y CAGR-9.6%

10Y CAGR+20.4%

MARATHON PETROLEUM CORPORATION reported $5.1B in net income in Q2 2026. This represents an increase of 322.5% from the same quarter a year earlier. Against the prior quarter it is up 905.5%.

EPS (Diluted)

$17.73

YoY+347.7%

QoQ+924.9%

5Y CAGR+6.4%

10Y CAGR+27.9%

MARATHON PETROLEUM CORPORATION earned $17.73 per diluted share (EPS) in Q2 2026. This represents an increase of 347.7% from the same quarter a year earlier. Against the prior quarter it is up 924.9%.

Cash & Balance Sheet

Free Cash Flow

$9.1B

YoY+370.2%

QoQ+4294.7%

5Y CAGR+53.3%

10Y CAGR+19.2%

MARATHON PETROLEUM CORPORATION generated $9.1B in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 370.2% from the same quarter a year earlier. Against the prior quarter it is up 4294.7%.

Cash & Debt

$7.8B

YoY+364.3%

QoQ+261.1%

5Y CAGR-8.1%

10Y CAGR+16.0%

MARATHON PETROLEUM CORPORATION held $7.8B in cash against $30.7B in long-term debt as of Q2 2026.

Dividends Per Share

$1.00

YoY+9.9%

QoQ0.0%

MARATHON PETROLEUM CORPORATION paid $1.00 per share in dividends in Q2 2026. This represents an increase of 9.9% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

281M

YoY-7.6%

QoQ-3.8%

5Y CAGR-15.1%

10Y CAGR-6.1%

MARATHON PETROLEUM CORPORATION had 281M shares outstanding in Q2 2026. This represents a decrease of 7.6% from the same quarter a year earlier. Against the prior quarter it is down 3.8%.

Margins & Returns

Gross Margin

17.2%

YoY+6.0pp

QoQ+8.6pp

5Y change+9.0pp

MARATHON PETROLEUM CORPORATION's gross margin was 17.2% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 6.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.6 percentage points.

Operating Margin

14.1%

YoY+7.6pp

QoQ+10.0pp

5Y change+10.8pp

10Y change+6.3pp

MARATHON PETROLEUM CORPORATION's operating margin was 14.1% in Q2 2026, reflecting core business profitability. This is up 7.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.0 percentage points.

Net Margin

9.9%

YoY+6.3pp

QoQ+8.4pp

5Y change-18.9pp

10Y change+5.1pp

MARATHON PETROLEUM CORPORATION's net profit margin was 9.9% in Q2 2026, showing the share of revenue converted to profit. This is up 6.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.4 percentage points.

Return on Equity

26.9%

YoY+19.6pp

QoQ+23.9pp

5Y change-2.5pp

10Y change+21.0pp

MARATHON PETROLEUM CORPORATION's ROE was 26.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 19.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 23.9 percentage points.

Capital Allocation

Share Buybacks

$2.5B

YoY+224.7%

QoQ+237.7%

5Y CAGR+20.8%

10Y CAGR+47.8%

MARATHON PETROLEUM CORPORATION spent $2.5B on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 224.7% from the same quarter a year earlier. Against the prior quarter it is up 237.7%.

Capital Expenditures

$1.2B

YoY+70.6%

QoQ+29.9%

5Y CAGR+31.5%

10Y CAGR+5.6%

MARATHON PETROLEUM CORPORATION invested $1.2B in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 70.6% from the same quarter a year earlier. Against the prior quarter it is up 29.9%.

R&D Spending

Not reported for Q2 2026.

MPC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MPC quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$153.6B	$132.7B-4.4%	$138.9B-6.4%	$148.4B-16.4%	$177.5B+47.9%	$120.0B+71.9%	$69.8B-37.2%	$111.1B+29.1%	$86.1B+15.2%	$74.7B+18.1%	$63.3B-12.2%	$72.1B-26.3%	$97.8B-2.3%	$100.2B+21.8%	$82.2B+4.6%	$78.6B
Cost of Revenue	$134.4B	$119.4B-5.4%	$126.2B-1.8%	$128.6B-15.2%	$151.7B+37.9%	$110.0B+67.4%	$65.7B-33.8%	$99.2B+28.8%	$77.0B+14.8%	$67.1B+18.4%	$56.7B	N/A	N/A	N/A	N/A	N/A
Gross Profit	$19.2B	$13.3B+5.0%	$12.6B-36.3%	$19.8B-23.2%	$25.8B+158.5%	$10.0B+146.5%	$4.0B-66.1%	$11.9B+31.9%	$9.0B+18.2%	$7.6B+15.8%	$6.6B	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.5B	$3.3B+4.0%	$3.2B+6.0%	$3.0B+9.6%	$2.8B+9.3%	$2.5B-6.4%	$2.7B-15.1%	$3.2B+40.2%	$2.3B+34.4%	$1.7B+6.1%	$1.6B+1.3%	$1.6B+14.6%	$1.4B+10.2%	$1.2B+2.0%	$1.2B+15.5%	$1.1B
Operating Income	$14.1B	$8.3B+22.0%	$6.8B-53.2%	$14.5B-32.4%	$21.5B+399.3%	$4.3B+135.1%	-$12.2B-374.5%	$4.5B-4.9%	$4.7B+16.7%	$4.0B+68.4%	$2.4B-49.1%	$4.7B+15.8%	$4.1B+18.3%	$3.4B-35.9%	$5.3B+42.8%	$3.7B
EBITDA	N/A	$11.5B+13.9%	$10.1B-43.1%	$17.8B-27.8%	$24.7B+222.1%	$7.7B+186.4%	-$8.9B-215.4%	$7.7B+12.1%	$6.9B+11.9%	$6.1B+39.8%	$4.4B-29.2%	$6.2B+15.2%	$5.4B+15.8%	$4.6B-26.8%	$6.3B+36.8%	$4.6B
Interest Expense	$1.6B	$1.5B+9.1%	$1.4B+3.0%	$1.3B+2.0%	$1.3B-3.1%	$1.3B-8.3%	$1.5B+5.3%	$1.4B+35.5%	$1.0B+49.0%	$688.0M+14.3%	$602.0M+85.2%	$325.0M+41.9%	$229.0M+17.4%	$195.0M+2.1%	$191.0M+16.5%	$164.0M
Income Tax	$2.5B	$1.1B+27.8%	$890.0M-68.4%	$2.8B-37.3%	$4.5B+1601.1%	$264.0M+110.9%	-$2.4B-409.9%	$784.0M+2.6%	$764.0M+266.1%	-$460.0M-175.5%	$609.0M-59.6%	$1.5B+17.7%	$1.3B+15.0%	$1.1B-39.7%	$1.8B+38.7%	$1.3B
Net Income	$8.6B	$4.0B+17.5%	$3.4B-64.4%	$9.7B-33.3%	$14.5B+49.1%	$9.7B+199.1%	-$9.8B-472.6%	$2.6B-5.1%	$2.8B-19.0%	$3.4B+192.3%	$1.2B-58.8%	$2.9B+13.0%	$2.5B+19.5%	$2.1B-37.7%	$3.4B+41.9%	$2.4B
EPS (Basic)	N/A	$13.24+31.0%	$10.11-57.4%	$23.73-16.2%	$28.31+84.6%	$15.34+201.4%	-$15.13-478.3%	$4.00-25.4%	$5.36-20.7%	$6.76+204.5%	$2.22-58.0%	$5.29+19.7%	$4.42+32.3%	$3.34-66.4%	$9.95+48.5%	$6.70
EPS (Diluted)	$29.04	$13.22+31.2%	$10.08-57.3%	$23.63-16.0%	$28.12+84.5%	$15.24+200.7%	-$15.13-481.1%	$3.97-24.8%	$5.28-21.2%	$6.70+203.2%	$2.21-58.0%	$5.26	$4.39+32.2%	$3.32	$9.89+48.3%	$6.67
Diluted Shares (Avg)	N/A	306M-10.3%	341M-16.6%	409M-20.7%	516M-19.1%	638M-1.7%	649M-2.3%	664M+26.2%	526M+2.7%	512M-3.4%	530M-2.2%	542M	574M-9.5%	634M	342M-4.2%	357M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$52.0B+53.8%	$34.2B+8.5%	$32.6B-1.7%	$34.8B-0.8%	$33.8B-10.9%	$31.5B-3.6%	$33.1B-8.6%	$35.1B-14.2%
Cost of Revenue	$43.1B+43.4%	$31.3B+6.5%	$28.9B-5.6%	$31.2B-2.9%	$30.0B-11.5%	$29.4B-0.8%	$30.6B-6.2%	$32.1B-8.0%
Gross Profit	$8.9B+136.6%	$2.9B+36.3%	$3.7B+44.0%	$3.6B+21.8%	$3.8B-4.9%	$2.2B-30.7%	$2.6B-29.8%	$3.0B-50.5%
SG&A Expenses	$894.0M+3.1%	$867.0M+10.7%	$836.0M+4.0%	$863.0M+5.9%	$867.0M+5.3%	$783.0M+0.5%	$804.0M-2.0%	$815.0M-1.1%
Operating Income	$7.3B+233.3%	$1.4B+104.4%	$2.7B+136.1%	$2.7B+101.1%	$2.2B-12.9%	$687.0M-61.5%	$1.1B-52.4%	$1.3B-71.6%
EBITDA	$8.2B+173.3%	$2.2B+49.5%	$3.5B+79.1%	$3.6B+61.9%	$3.0B-11.1%	$1.5B-43.3%	$2.0B-39.0%	$2.2B-60.8%
Interest Expense	$433.0M+20.6%	$420.0M+19.3%	$410.0M+23.9%	$368.0M+4.5%	$359.0M+5.3%	$352.0M+3.2%	$331.0M0.0%	$352.0M+6.3%
Income Tax	$1.4B+438.8%	$183.0M+394.6%	$372.0M+235.1%	$460.0M+307.1%	$268.0M-28.2%	$37.0M-87.4%	$111.0M-72.7%	$113.0M-88.7%
Net Income	$5.1B+322.5%	$511.0M+790.5%	$1.5B+313.7%	$1.4B+120.3%	$1.2B-19.7%	-$74.0M-107.9%	$371.0M-74.4%	$622.0M-81.0%
EPS (Basic)	$17.76+348.5%	$1.73+820.8%	$5.08+303.2%	$4.51+139.9%	$3.96-8.8%	-$0.24-109.3%	$1.26-69.0%	$1.88-77.4%
EPS (Diluted)	$17.73+347.7%	$1.73+820.8%	$5.07+305.6%	$4.51+141.2%	$3.96-8.5%	-$0.24-109.3%	$1.25-69.2%	$1.87-77.4%
Diluted Shares (Avg)	290M-5.5%	295M-5.8%	N/A	304M-8.4%	307M-12.3%	313M-13.5%	N/A	332M-16.2%

Not reported in any period shown, so not listed: R&D Expenses.

MPC Balance Sheet

MPC quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$84.0B+6.5%	$78.9B-8.3%	$86.0B-4.4%	$89.9B+5.3%	$85.4B+0.3%	$85.2B-13.6%	$98.6B+6.0%	$92.9B+89.5%	$49.0B+10.4%	$44.4B+3.0%	$43.1B+41.7%	$30.4B+7.2%	$28.4B+4.3%	$27.2B+5.7%	$25.7B
Current Assets	$24.8B+1.4%	$24.4B-23.9%	$32.1B-8.8%	$35.2B+15.6%	$30.5B+7.8%	$28.3B-7.1%	$30.5B+69.0%	$18.0B+34.5%	$13.4B+28.8%	$10.4B+9.8%	$9.5B-16.5%	$11.3B-11.0%	$12.7B-2.2%	$13.0B+8.6%	$12.0B
Cash & Equivalents	$3.7B+14.4%	$3.2B-41.0%	$5.4B-36.9%	$8.6B+63.0%	$5.3B+1174.9%	$415.0M-70.2%	$1.4B-17.4%	$1.7B-44.0%	$3.0B+239.5%	$887.0M-21.3%	$1.1B-24.6%	$1.5B-34.8%	$2.3B-52.8%	$4.9B+57.8%	$3.1B
Short-Term Investments	$0	$0-100.0%	$4.8B+52.0%	$3.1B-43.3%	$5.5B	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$10.1B+5.9%	$9.6B+2.7%	$9.3B+5.6%	$8.8B+9.6%	$8.1B+0.7%	$8.0B-18.4%	$9.8B-0.3%	$9.8B+77.2%	$5.5B-1.9%	$5.7B+8.2%	$5.2B-7.4%	$5.6B+20.3%	$4.7B+36.0%	$3.4B+3.9%	$3.3B
Accounts Receivable	$10.3B-7.4%	$11.1B-8.6%	$12.2B-9.6%	$13.5B+22.1%	$11.0B+91.6%	$5.8B-20.4%	$7.2B+23.6%	$5.9B+24.7%	$4.7B+29.8%	$3.6B+23.6%	$2.9B-27.9%	$4.1B-27.0%	$5.6B+20.6%	$4.6B-15.6%	$5.5B
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$9.4B+13.5%	$8.2B0.0%	$8.2B0.0%	$8.2B-0.1%	$8.3B0.0%	$8.3B-47.2%	$15.7B-1.2%	$15.8B+341.6%	$3.6B0.0%	$3.6B-10.7%	$4.0B+156.6%	$1.6B+67.0%	$938.0M+0.9%	$930.0M+10.5%	$842.0M
Total Liabilities	$59.9B+10.2%	$54.4B-0.4%	$54.6B-0.4%	$54.8B+5.8%	$51.8B-5.7%	$54.9B-0.9%	$55.4B+15.8%	$47.9B+75.9%	$27.2B+17.3%	$23.2B-1.0%	$23.4B+23.1%	$19.0B+11.6%	$17.1B+12.8%	$15.1B-6.9%	$16.2B
Current Liabilities	$19.7B-5.5%	$20.8B+3.4%	$20.1B+0.6%	$20.0B+11.9%	$17.9B+14.3%	$15.7B-7.6%	$16.9B+28.2%	$13.2B+26.1%	$10.5B+46.6%	$7.1B+12.6%	$6.3B-26.0%	$8.6B-12.7%	$9.8B+19.8%	$8.2B-14.5%	$9.6B
Non-Current Liabilities	$40.2B+19.9%	$33.5B-2.7%	$34.4B-1.0%	$34.8B+2.7%	$33.9B-13.7%	$39.3B+2.0%	$38.5B+11.0%	$34.7B+107.1%	$16.7B+4.2%	$16.1B-6.0%	$17.1B+63.5%	$10.5B+44.6%	$7.2B+4.5%	$6.9B+4.0%	$6.6B
Long-Term Debt	$30.5B+24.9%	$24.4B-3.5%	$25.3B-1.2%	$25.6B+2.7%	$25.0B-13.1%	$28.7B+2.5%	$28.0B+3.9%	$27.0B+119.0%	$12.3B+16.9%	$10.5B-11.4%	$11.9B+80.9%	$6.6B+94.9%	$3.4B+0.9%	$3.3B+1.5%	$3.3B
Total Equity	$17.3B-2.4%	$17.7B-27.3%	$24.4B-11.9%	$27.7B+5.8%	$26.2B+18.1%	$22.2B-34.1%	$33.7B-4.2%	$35.2B+150.7%	$14.0B+3.5%	$13.6B+2.4%	$13.2B+23.1%	$10.8B-1.5%	$10.9B-6.6%	$11.7B+23.0%	$9.5B
Retained Earnings	$39.8B+7.9%	$36.8B+6.6%	$34.6B+32.2%	$26.1B+102.6%	$12.9B+177.5%	$4.7B-70.9%	$16.0B+8.4%	$14.8B+14.7%	$12.9B+26.0%	$10.2B+4.7%	$9.8B+29.8%	$7.5B+36.5%	$5.5B+41.9%	$3.9B+332.1%	$898.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$94.3B+20.2%	$88.2B+8.0%	$84.0B+6.5%	$83.2B+4.3%	$78.5B-7.9%	$81.6B-4.6%	$78.9B-8.3%	$79.8B-11.3%
Current Assets	$34.3B+44.5%	$28.7B+5.7%	$24.8B+1.4%	$24.6B-5.1%	$23.7B-24.3%	$27.1B-13.2%	$24.4B-23.9%	$25.9B-28.5%
Cash & Equivalents	$7.8B+364.3%	$2.2B-43.6%	$3.7B+14.4%	$2.7B-33.7%	$1.7B-62.3%	$3.8B+20.1%	$3.2B-41.0%	$4.0B-52.7%
Short-Term Investments	$0	$0	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$1.1B-75.2%
Inventory	$10.0B-1.3%	$10.8B+2.6%	$10.1B+5.9%	$9.8B-0.6%	$10.1B+3.1%	$10.5B+7.2%	$9.6B+2.7%	$9.9B-2.5%
Accounts Receivable	$15.7B+41.4%	$14.6B+20.8%	$10.3B-7.4%	$10.5B+3.0%	$11.1B-9.6%	$12.1B-8.0%	$11.1B-8.6%	$10.2B-18.4%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$9.3B+13.2%	$9.3B+13.2%	$9.4B+13.5%	$9.3B+13.2%	$8.2B0.0%	$8.2B0.0%	$8.2B0.0%	$8.2B0.0%
Total Liabilities	$68.6B+24.2%	$64.8B+10.6%	$59.9B+10.2%	$59.4B+9.7%	$55.2B-3.4%	$58.6B+5.0%	$54.4B-0.4%	$54.1B-5.3%
Current Liabilities	$27.4B+42.4%	$24.4B+7.4%	$19.7B-5.5%	$18.7B-11.1%	$19.3B-19.8%	$22.7B+4.3%	$20.8B+3.4%	$21.1B-3.1%
Non-Current Liabilities	$41.2B+14.5%	$40.3B+12.6%	$40.2B+19.9%	$40.6B+22.9%	$36.0B+8.5%	$35.8B+5.5%	$33.5B-2.7%	$33.1B-6.7%
Long-Term Debt	$30.7B+14.4%	$30.7B+14.4%	$30.5B+24.9%	$31.2B+29.8%	$26.8B+11.7%	$26.8B+8.1%	$24.4B-3.5%	$24.1B-9.1%
Total Equity	$19.1B+14.8%	$16.8B+2.2%	$17.3B-2.4%	$17.1B-9.7%	$16.6B-22.0%	$16.4B-28.5%	$17.7B-27.3%	$18.9B-26.8%
Retained Earnings	$44.8B+19.7%	$40.0B+9.5%	$39.8B+7.9%	$38.5B+4.7%	$37.4B+2.7%	$36.5B+3.7%	$36.8B+6.6%	$36.8B+10.0%

MPC Cash Flow Statement

MPC quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$17.1B	$8.3B-4.8%	$8.7B-38.6%	$14.1B-13.7%	$16.4B+275.3%	$4.4B+80.2%	$2.4B-74.4%	$9.4B+53.3%	$6.2B-6.9%	$6.6B+64.6%	$4.0B-1.4%	$4.1B+31.0%	$3.1B-8.7%	$3.4B-24.2%	$4.5B+35.8%	$3.3B
Depreciation & Amortization	N/A	$3.3B-2.6%	$3.3B+0.9%	$3.3B+2.9%	$3.2B-4.4%	$3.4B-0.3%	$3.4B+4.7%	$3.2B+48.6%	$2.2B+2.6%	$2.1B+5.6%	$2.0B+33.2%	$1.5B+13.3%	$1.3B+8.7%	$1.2B+22.6%	$995.0M+11.7%	$891.0M
Stock-Based Compensation	N/A	$160.0M+16.8%	$137.0M-35.1%	$211.0M+37.9%	$153.0M+73.9%	$88.0M-12.0%	$100.0M-34.6%	$153.0M+20.5%	$127.0M+149.0%	$51.0M+13.3%	$45.0M+7.1%	$42.0M+5.0%	$40.0M-4.8%	$42.0M+20.0%	$35.0M+25.0%	$28.0M
Capital Expenditures	$4.2B	$3.5B+37.6%	$2.5B+34.0%	$1.9B-21.9%	$2.4B+65.3%	$1.5B-47.5%	$2.8B-42.1%	$4.8B+51.3%	$3.2B+16.4%	$2.7B-5.5%	$2.9B+44.7%	$2.0B+35.0%	$1.5B+22.7%	$1.2B-11.9%	$1.4B+15.5%	$1.2B
Free Cash Flow	$12.9B	$4.8B-22.3%	$6.1B-49.8%	$12.2B-12.3%	$13.9B+381.4%	$2.9B+887.0%	-$368.0M-107.9%	$4.6B+55.5%	$3.0B-23.2%	$3.9B+244.9%	$1.1B-45.8%	$2.1B+27.3%	$1.6B-25.9%	$2.2B-29.6%	$3.1B+47.0%	$2.1B
Investing Cash Flow	-$6.4B	-$5.9B-482.5%	$1.5B+149.6%	-$3.1B-596.8%	$623.0M-95.8%	$14.8B+554.3%	-$3.3B+48.0%	-$6.3B+18.4%	-$7.7B-125.7%	-$3.4B-14.5%	-$3.0B+13.8%	-$3.4B+24.3%	-$4.5B-64.8%	-$2.8B-89.8%	-$1.5B-212.1%	$1.3B
Financing Cash Flow	-$4.6B	-$1.9B+84.5%	-$12.4B+12.5%	-$14.2B-4.1%	-$13.6B+5.4%	-$14.4B-10580.7%	-$135.0M+96.0%	-$3.4B-1620.7%	$222.0M+120.3%	-$1.1B+15.7%	-$1.3B-29.5%	-$999.0M-257.3%	$635.0M+119.7%	-$3.2B-155.5%	-$1.3B+23.4%	-$1.6B
Dividends Paid	$1.2B	$1.1B-1.2%	$1.2B-8.5%	$1.3B-1.4%	$1.3B-13.8%	$1.5B-1.7%	$1.5B+8.0%	$1.4B+46.5%	$954.0M+23.4%	$773.0M+7.5%	$719.0M+17.3%	$613.0M+17.0%	$524.0M+8.3%	$484.0M+18.9%	$407.0M+154.4%	$160.0M
Share Buybacks	$4.9B	$3.5B-62.0%	$9.2B-20.6%	$11.6B-2.9%	$11.9B+156.2%	$4.7B	$0-100.0%	$1.9B-40.7%	$3.3B+38.6%	$2.4B+1104.1%	$197.0M-79.6%	$965.0M-54.7%	$2.1B-23.7%	$2.8B+106.9%	$1.4B	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$10.3B+291.3%	$1.1B+1851.6%	$3.1B+39.1%	$2.6B+54.9%	$2.6B-18.6%	-$64.0M-104.2%	$2.2B+96.5%	$1.7B-66.0%
Depreciation & Amortization	$838.0M+6.2%	$809.0M+2.0%	$828.0M+0.2%	$841.0M-0.6%	$789.0M-5.8%	$793.0M-4.1%	$826.0M-0.2%	$846.0M+0.1%
Capital Expenditures	$1.2B+70.6%	$913.0M+37.7%	$1.2B+45.8%	$947.0M+45.5%	$695.0M+42.7%	$663.0M+13.3%	$810.0M+52.3%	$651.0M+55.0%
Free Cash Flow	$9.1B+370.2%	$208.0M+128.6%	$1.9B+35.1%	$1.7B+60.9%	$1.9B-29.4%	-$727.0M-176.8%	$1.4B+136.4%	$1.0B-77.2%
Investing Cash Flow	-$1.4B-43.1%	-$1.0B-13.4%	-$214.0M-169.7%	-$3.8B-284.7%	-$974.0M-5829.4%	-$923.0M-12.0%	$307.0M+131.8%	$2.0B+567.6%
Financing Cash Flow	-$3.3B+12.8%	-$1.6B-200.4%	-$1.8B+44.5%	$2.1B+151.2%	-$3.8B-90.9%	$1.6B+153.4%	-$3.3B-4.4%	-$4.2B-21.9%
Dividends Paid	$290.0M+3.9%	$295.0M+3.5%	$300.0M+2.7%	$276.0M+1.1%	$279.0M-3.8%	$285.0M-4.7%	$292.0M-6.1%	$273.0M-8.1%
Share Buybacks	$2.5B+224.7%	$750.0M-29.0%	$1.0B-27.1%	$650.0M-75.9%	$780.0M-73.1%	$1.1B-52.3%	$1.4B-45.1%	$2.7B-4.2%

Not reported in any period shown, so not listed: Stock-Based Compensation.

MPC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MPC quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	10.0%+0.9pp	9.1%-4.3pp	13.4%-1.2pp	14.5%+6.2pp	8.3%+2.5pp	5.8%-4.9pp	10.7%+0.2pp	10.5%+0.3pp	10.2%-0.2pp	10.4%	N/A	N/A	N/A	N/A	N/A
Operating Margin	6.3%+1.4pp	4.9%-4.9pp	9.8%-2.3pp	12.1%+8.5pp	3.6%+21.1pp	-17.5%-21.6pp	4.0%-1.4pp	5.5%+0.1pp	5.4%+1.6pp	3.8%-2.7pp	6.5%+2.4pp	4.1%+0.7pp	3.4%-3.1pp	6.5%+1.7pp	4.8%
Net Margin	3.0%+0.6pp	2.5%-4.0pp	6.5%-1.7pp	8.2%+0.1pp	8.1%+22.2pp	-14.1%-16.4pp	2.4%-0.9pp	3.2%-1.4pp	4.6%+2.7pp	1.9%-2.1pp	4.0%+1.4pp	2.6%+0.5pp	2.1%-2.0pp	4.1%+1.1pp	3.0%
Return on Equity	23.4%+4.0pp	19.4%-20.3pp	39.7%-12.7pp	52.4%+15.2pp	37.2%+81.4pp	-44.3%-52.1pp	7.8%-0.1pp	7.9%-16.6pp	24.5%+15.8pp	8.7%-12.9pp	21.6%-1.9pp	23.5%+4.1pp	19.3%-9.6pp	29.0%+3.8pp	25.1%
Return on Assets	4.8%+0.4pp	4.4%-6.9pp	11.3%-4.9pp	16.2%+4.7pp	11.4%+22.9pp	-11.5%-14.2pp	2.7%-0.3pp	3.0%-4.0pp	7.0%+4.4pp	2.6%-4.0pp	6.6%-1.7pp	8.3%+0.9pp	7.4%-5.0pp	12.4%+3.2pp	9.3%
Current Ratio	1.26+0.1x	1.17-0.4x	1.59-0.2x	1.76+0.1x	1.70-0.1x	1.810.0x	1.80+0.4x	1.36+0.1x	1.28-0.2x	1.460.0x	1.49+0.2x	1.320.0x	1.30-0.3x	1.59+0.3x	1.25
Debt-to-Equity	1.76+0.4x	1.38+0.3x	1.04+0.1x	0.920.0x	0.95-0.3x	1.29+0.5x	0.83+0.1x	0.77-0.1x	0.88+0.1x	0.78-0.1x	0.90+0.3x	0.61+0.3x	0.310.0x	0.29-0.1x	0.35
Asset Turnover	1.58-0.2x	1.760.0x	1.73-0.2x	1.97+0.6x	1.41+0.6x	0.82-0.3x	1.13+0.2x	0.93-0.6x	1.52+0.1x	1.42-0.2x	1.67-1.5x	3.21-0.3x	3.53+0.5x	3.020.0x	3.05
FCF Margin	3.6%-0.8pp	4.4%-3.8pp	8.2%+0.4pp	7.9%+5.5pp	2.4%+2.9pp	-0.5%-4.7pp	4.2%+0.7pp	3.5%-1.7pp	5.2%+3.4pp	1.8%-1.1pp	2.9%+1.2pp	1.7%-0.5pp	2.2%-1.6pp	3.8%+1.1pp	2.7%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	17.2%+6.0pp	8.6%+1.8pp	11.4%+3.6pp	10.4%+1.9pp	11.2%+0.7pp	6.8%-2.7pp	7.8%-2.4pp	8.4%-6.2pp
Operating Margin	14.1%+7.6pp	4.1%+1.9pp	8.3%+4.8pp	7.8%+4.0pp	6.5%-0.2pp	2.2%-3.3pp	3.4%-3.2pp	3.8%-7.8pp
Net Margin	9.9%+6.3pp	1.5%+1.7pp	4.7%+3.6pp	3.9%+2.2pp	3.6%-0.4pp	-0.2%-3.1pp	1.1%-2.9pp	1.8%-6.2pp
Return on Equity	26.9%+19.6pp	3.0%+3.5pp	8.9%+6.8pp	8.0%+4.7pp	7.3%+0.2pp	-0.4%-4.5pp	2.1%-3.9pp	3.3%-9.4pp
Return on Assets	5.5%+3.9pp	0.6%+0.7pp	1.8%+1.4pp	1.7%+0.9pp	1.6%-0.2pp	-0.1%-1.2pp	0.5%-1.2pp	0.8%-2.9pp
Current Ratio	1.250.0x	1.180.0x	1.26+0.1x	1.32+0.1x	1.23-0.1x	1.19-0.2x	1.17-0.4x	1.23-0.4x
Debt-to-Equity	1.610.0x	1.83+0.2x	1.76+0.4x	1.83+0.6x	1.61+0.5x	1.64+0.6x	1.38+0.3x	1.27+0.2x
Asset Turnover	0.55+0.1x	0.390.0x	0.390.0x	0.420.0x	0.430.0x	0.390.0x	0.420.0x	0.440.0x
FCF Margin	17.6%+11.8pp	0.6%+2.9pp	5.8%+1.6pp	4.8%+1.8pp	5.8%-1.5pp	-2.3%-5.2pp	4.2%+2.6pp	2.9%-8.1pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
MARATHON PETROLEUM CORPORATION MPC	FY2025	$132.7B	$4.0B	3.0%	$127.8B	45/100
PHILLIPS 66 PSX	FY2025	$132.4B	$4.4B	3.3%	$112.4B	23/100
Valero Energy Corporation VLO	FY2025	$122.7B	$2.3B	1.9%	$127.8B	44/100
HF Sinclair Corporation DINO	FY2025	$26.9B	$579.0M	2.1%	$21.5B	42/100
SUNOCO LP SUN	FY2025	$25.2B	$527.0M	2.1%	$13.9B	34/100
PBF ENERGY INC. PBF	FY2025	$29.3B	-$158.5M	-0.5%	$10.6B	23/100

Where MARATHON PETROLEUM CORPORATION Ranks

Frequently Asked Questions

What is MARATHON PETROLEUM CORPORATION's annual revenue?

MARATHON PETROLEUM CORPORATION (MPC) reported $132.7B in total revenue for fiscal year 2025. This represents a -4.4% 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 PETROLEUM CORPORATION's revenue growing?

MARATHON PETROLEUM CORPORATION (MPC) revenue declined by 4.4% year-over-year, from $138.9B to $132.7B in fiscal year 2025.

Is MARATHON PETROLEUM CORPORATION profitable?

Yes, MARATHON PETROLEUM CORPORATION (MPC) reported a net income of $4.0B in fiscal year 2025, with a net profit margin of 3.0%.

What is MARATHON PETROLEUM CORPORATION's EBITDA?

MARATHON PETROLEUM CORPORATION (MPC) had EBITDA of $11.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does MARATHON PETROLEUM CORPORATION have?

As of fiscal year 2025, MARATHON PETROLEUM CORPORATION (MPC) had $3.7B in cash and equivalents against $30.5B in long-term debt.

What is MARATHON PETROLEUM CORPORATION's gross margin?

MARATHON PETROLEUM CORPORATION (MPC) had a gross margin of 10.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is MARATHON PETROLEUM CORPORATION's operating margin?

MARATHON PETROLEUM CORPORATION (MPC) had an operating margin of 6.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is MARATHON PETROLEUM CORPORATION's net profit margin?

MARATHON PETROLEUM CORPORATION (MPC) had a net profit margin of 3.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does MARATHON PETROLEUM CORPORATION pay dividends?

Yes, MARATHON PETROLEUM CORPORATION (MPC) paid $3.73 per share in dividends during fiscal year 2025.

What is MARATHON PETROLEUM CORPORATION's return on equity (ROE)?

MARATHON PETROLEUM CORPORATION (MPC) has a return on equity of 23.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is MARATHON PETROLEUM CORPORATION's free cash flow?

MARATHON PETROLEUM CORPORATION (MPC) generated $4.8B in free cash flow during fiscal year 2025. This represents a -22.3% 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 PETROLEUM CORPORATION's operating cash flow?

MARATHON PETROLEUM CORPORATION (MPC) generated $8.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are MARATHON PETROLEUM CORPORATION's total assets?

MARATHON PETROLEUM CORPORATION (MPC) had $84.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are MARATHON PETROLEUM CORPORATION's capital expenditures?

MARATHON PETROLEUM CORPORATION (MPC) invested $3.5B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does MARATHON PETROLEUM CORPORATION buy back shares?

Yes, MARATHON PETROLEUM CORPORATION (MPC) spent $3.5B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does MARATHON PETROLEUM CORPORATION have outstanding?

MARATHON PETROLEUM CORPORATION (MPC) had 295M shares outstanding as of fiscal year 2025.

What is MARATHON PETROLEUM CORPORATION's current ratio?

MARATHON PETROLEUM CORPORATION (MPC) had a current ratio of 1.26 as of fiscal year 2025, which is considered adequate.

What is MARATHON PETROLEUM CORPORATION's debt-to-equity ratio?

MARATHON PETROLEUM CORPORATION (MPC) had a debt-to-equity ratio of 1.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is MARATHON PETROLEUM CORPORATION's return on assets (ROA)?

MARATHON PETROLEUM CORPORATION (MPC) had a return on assets of 4.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is MARATHON PETROLEUM CORPORATION's P/E ratio?

MARATHON PETROLEUM CORPORATION (MPC) trades at 14.9x earnings, its market capitalization divided by net income of $8.6B net income, trailing 12 months to June 30, 2026. The market capitalization is $127.8B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is MARATHON PETROLEUM CORPORATION's price-to-sales ratio?

MARATHON PETROLEUM CORPORATION (MPC) trades at 0.8x sales, its market capitalization divided by revenue of $153.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $127.8B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is MARATHON PETROLEUM CORPORATION's Altman Z-Score?

MARATHON PETROLEUM CORPORATION (MPC) has an Altman Z-Score of 3.92, 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. Learn more in our complete guide to financial health indicators.

What is MARATHON PETROLEUM CORPORATION's Piotroski F-Score?

MARATHON PETROLEUM CORPORATION (MPC) has a Piotroski F-Score of 7 out of 9, indicating strong 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are MARATHON PETROLEUM CORPORATION's earnings high quality?

MARATHON PETROLEUM CORPORATION (MPC) has an earnings quality ratio of 2.04x, 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. Learn more in our complete guide to financial health indicators.

Can MARATHON PETROLEUM CORPORATION cover its interest payments?

MARATHON PETROLEUM CORPORATION (MPC) has an interest coverage ratio of 5.57x, meaning it can comfortably 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. Learn more in our complete guide to financial health indicators.

How financially healthy is MARATHON PETROLEUM CORPORATION?

MARATHON PETROLEUM CORPORATION (MPC) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.