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Murphy Usa Inc Financials

MUSA
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Murphy Usa Inc (MUSA) financial statements, including the 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 38 / 100
Financial Profile 38/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
30

Murphy Usa Inc has an operating margin of 3.7%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is up from 3.7% the prior year.

Growth
26

Murphy Usa Inc's revenue declined 4.2% year-over-year, from $20.2B to $19.4B. This contraction results in a growth score of 26/100.

Leverage
31

Murphy Usa Inc has a moderate D/E ratio of 3.47. This balance of debt and equity financing earns a leverage score of 31/100.

Liquidity
11

Murphy Usa Inc's current ratio of 0.80 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 11/100, which could limit financial flexibility.

Cash Flow
30

Murphy Usa Inc has a free cash flow margin of 1.9%, earning a moderate score of 30/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
100

Murphy Usa Inc earns a strong 75.5% return on equity (ROE), meaning it generates $75 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 59.8% the prior year.

Altman Z-Score Safe
7.16

Murphy Usa Inc scores 7.16, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
5/9

Murphy Usa Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.73x

For every $1 of reported earnings, Murphy Usa Inc generates $1.73 in operating cash flow ($813.9M OCF vs $470.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
6.5x

Murphy Usa Inc earns $6.5 in operating income for every $1 of interest expense ($718.5M vs $110.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$19.4B
YoY-4.2%
5Y CAGR+11.5%
10Y CAGR+4.3%

Murphy Usa Inc generated $19.4B in revenue in fiscal year 2025. This represents a decrease of 4.2% from the prior year.

EBITDA
$995.3M
YoY+0.4%
5Y CAGR+6.7%
10Y CAGR+11.4%

Murphy Usa Inc's EBITDA was $995.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.4% from the prior year.

Net Income
$470.6M
YoY-6.3%
5Y CAGR+4.0%
10Y CAGR+10.3%

Murphy Usa Inc reported $470.6M in net income in fiscal year 2025. This represents a decrease of 6.3% from the prior year.

EPS (Diluted)
$24.10
YoY-0.0%
5Y CAGR+13.0%
10Y CAGR+19.6%

Murphy Usa Inc earned $24.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 0.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$374.3M
YoY-3.9%
5Y CAGR+2.4%
10Y CAGR+42.8%

Murphy Usa Inc generated $374.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 3.9% from the prior year.

Cash & Debt
$28.9M
YoY-38.5%
5Y CAGR-29.3%
10Y CAGR-1.5%

Murphy Usa Inc held $28.9M in cash against $2.2B in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.15
YoY+20.1%
5Y CAGR+53.8%

Murphy Usa Inc paid $2.15 per share in dividends in fiscal year 2025. This represents an increase of 20.1% from the prior year.

Shares Outstanding
19M
YoY-7.4%
5Y CAGR-7.4%
10Y CAGR-7.8%

Murphy Usa Inc had 19M shares outstanding in fiscal year 2025. This represents a decrease of 7.4% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
3.7%
YoY+0.0pp
5Y CAGR-1.2pp
10Y CAGR+1.7pp

Murphy Usa Inc's operating margin was 3.7% in fiscal year 2025, reflecting core business profitability. This is up 0.0 percentage points from the prior year.

Net Margin
2.4%
YoY-0.1pp
5Y CAGR-1.0pp
10Y CAGR+1.0pp

Murphy Usa Inc's net profit margin was 2.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.

Return on Equity
75.5%
YoY+15.7pp
5Y CAGR+26.2pp
10Y CAGR+53.2pp

Murphy Usa Inc's ROE was 75.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 15.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$649.9M
YoY+45.8%
5Y CAGR+10.2%
10Y CAGR+10.1%

Murphy Usa Inc spent $649.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 45.8% from the prior year.

Capital Expenditures
$439.6M
YoY-4.0%
5Y CAGR+13.8%
10Y CAGR+7.9%

Murphy Usa Inc invested $439.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 4.0% from the prior year.

MUSA Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $4.7B-7.2% $5.1B+2.1% $5.0B+10.6% $4.5B-3.9% $4.7B-10.1% $5.2B-3.9% $5.5B+12.6% $4.8B
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $65.2M+17.9% $55.3M+8.6% $50.9M-15.3% $60.1M+10.9% $54.2M-9.7% $60.0M+1.5% $59.1M-4.8% $62.1M
Operating Income $209.5M+3.8% $201.8M-7.9% $219.2M+149.1% $88.0M-55.8% $199.0M-10.2% $221.6M+2.1% $217.1M+106.4% $105.2M
Interest Expense $28.6M-1.7% $29.1M+4.7% $27.8M+9.4% $25.4M+10.9% $22.9M-6.1% $24.4M-2.0% $24.9M0.0% $24.9M
Income Tax $39.5M-9.2% $43.5M-7.2% $46.9M+439.1% $8.7M-75.4% $35.3M-28.7% $49.5M+2.3% $48.4M+204.4% $15.9M
Net Income $141.9M+9.2% $129.9M-10.8% $145.6M+173.7% $53.2M-62.7% $142.5M-4.5% $149.2M+3.0% $144.8M+119.4% $66.0M
EPS (Diluted) N/A $6.76-8.2% $7.36+179.8% $2.63 N/A $7.20+4.0% $6.92+121.8% $3.12

MUSA Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $4.7B+1.1% $4.7B+1.2% $4.6B+2.7% $4.5B-0.9% $4.5B+3.2% $4.4B-0.6% $4.4B+2.9% $4.3B
Current Assets $747.8M-2.0% $763.3M-1.7% $776.4M+8.4% $716.4M-4.2% $748.1M+8.6% $689.1M-16.0% $820.1M+6.8% $767.7M
Cash & Equivalents $28.9M-32.5% $42.8M-20.9% $54.1M+9.5% $49.4M+5.1% $47.0M-10.5% $52.5M-34.2% $79.8M+40.7% $56.7M
Inventory $413.0M+6.7% $387.2M-2.6% $397.5M+9.1% $364.4M-9.3% $401.6M+17.7% $341.2M+8.0% $315.9M+7.9% $292.7M
Accounts Receivable $276.2M-9.2% $304.1M+2.6% $296.3M+8.9% $272.1M+1.3% $268.5M+2.2% $262.6M-32.1% $386.5M+1.6% $380.5M
Goodwill $328.0M0.0% $328.0M0.0% $328.0M0.0% $328.0M0.0% $328.0M0.0% $328.0M0.0% $328.0M0.0% $328.0M
Total Liabilities $4.1B-0.7% $4.1B+3.9% $4.0B+5.1% $3.8B+2.2% $3.7B+3.6% $3.6B-1.3% $3.6B+2.6% $3.5B
Current Liabilities $929.1M-1.2% $940.2M-3.7% $976.1M+9.5% $891.8M-5.9% $947.9M+10.4% $858.8M-11.5% $970.7M+9.7% $884.7M
Long-Term Debt $2.2B-2.7% $2.2B+7.6% $2.1B+4.7% $2.0B+7.7% $1.8B+0.7% $1.8B+2.2% $1.8B-0.1% $1.8B
Total Equity $623.5M+14.2% $546.0M-15.5% $646.1M-10.2% $719.6M-14.3% $840.1M+1.2% $830.1M+2.3% $811.3M+3.8% $781.6M
Retained Earnings $4.2B+3.2% $4.0B+3.1% $3.9B+3.6% $3.8B+1.2% $3.7B+3.7% $3.6B+4.0% $3.5B+4.1% $3.3B

MUSA Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $245.5M+32.8% $184.8M-27.6% $255.1M+98.5% $128.5M-48.3% $248.7M+23.1% $202.1M-22.5% $260.8M+91.8% $136.0M
Capital Expenditures $116.7M-0.3% $117.1M-0.8% $118.0M+34.4% $87.8M-30.9% $127.0M-7.2% $136.9M+16.0% $118.0M+54.9% $76.2M
Free Cash Flow $128.8M+90.3% $67.7M-50.6% $137.1M+236.9% $40.7M-66.6% $121.7M+86.7% $65.2M-54.3% $142.8M+138.8% $59.8M
Investing Cash Flow -$114.8M+1.8% -$116.9M-0.3% -$116.6M-33.0% -$87.7M+29.8% -$124.9M+5.0% -$131.5M-14.8% -$114.5M-52.9% -$74.9M
Financing Cash Flow -$144.6M-82.6% -$79.2M+40.8% -$133.8M-248.4% -$38.4M+70.3% -$129.3M-32.1% -$97.9M+20.5% -$123.2M-0.8% -$122.2M
Dividends Paid $11.8M+16.8% $10.1M+3.1% $9.8M0.0% $9.8M+1.0% $9.7M+5.4% $9.2M+1.1% $9.1M+3.4% $8.8M
Share Buybacks $66.9M-69.5% $219.2M+2.5% $213.8M+42.5% $150.0M+17.2% $128.0M+2.2% $125.2M+18.0% $106.1M+22.8% $86.4M

MUSA Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 4.4%+0.5pp 4.0%-0.4pp 4.4%+2.4pp 1.9%-2.3pp 4.2%0.0pp 4.2%+0.2pp 4.0%+1.8pp 2.2%
Net Margin 3.0%+0.5pp 2.5%-0.4pp 2.9%+1.7pp 1.2%-1.9pp 3.0%+0.2pp 2.9%+0.2pp 2.7%+1.3pp 1.4%
Return on Equity 22.8%-1.0pp 23.8%+1.3pp 22.5%+15.2pp 7.4%-9.6pp 17.0%-1.0pp 18.0%+0.1pp 17.8%+9.4pp 8.4%
Return on Assets 3.0%+0.2pp 2.8%-0.4pp 3.1%+2.0pp 1.2%-2.0pp 3.1%-0.3pp 3.4%+0.1pp 3.3%+1.7pp 1.5%
Current Ratio 0.800.0 0.81+0.0 0.800.0 0.80+0.0 0.79-0.0 0.80-0.0 0.84-0.0 0.87
Debt-to-Equity 3.47-0.6 4.07+0.9 3.20+0.5 2.74+0.6 2.18-0.0 2.190.0 2.20-0.1 2.28
FCF Margin 2.7%+1.4pp 1.3%-1.4pp 2.7%+1.8pp 0.9%-1.7pp 2.6%+1.3pp 1.2%-1.4pp 2.6%+1.4pp 1.2%

Note: The current ratio is below 1.0 (0.80), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Murphy Usa Inc (MUSA) reported $19.4B in total revenue for fiscal year 2025. This represents a -4.2% 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.

Murphy Usa Inc (MUSA) revenue declined by 4.2% year-over-year, from $20.2B to $19.4B in fiscal year 2025.

Yes, Murphy Usa Inc (MUSA) reported a net income of $470.6M in fiscal year 2025, with a net profit margin of 2.4%.

Murphy Usa Inc (MUSA) reported diluted earnings per share of $24.10 for fiscal year 2025. This represents a -0.0% 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.

Murphy Usa Inc (MUSA) had EBITDA of $995.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Murphy Usa Inc (MUSA) had $28.9M in cash and equivalents against $2.2B in long-term debt.

Murphy Usa Inc (MUSA) had an operating margin of 3.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Murphy Usa Inc (MUSA) had a net profit margin of 2.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Murphy Usa Inc (MUSA) paid $2.15 per share in dividends during fiscal year 2025.

Murphy Usa Inc (MUSA) has a return on equity of 75.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Murphy Usa Inc (MUSA) generated $374.3M in free cash flow during fiscal year 2025. This represents a -3.9% 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.

Murphy Usa Inc (MUSA) generated $813.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Murphy Usa Inc (MUSA) had $4.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Murphy Usa Inc (MUSA) invested $439.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Murphy Usa Inc (MUSA) spent $649.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Murphy Usa Inc (MUSA) had 19M shares outstanding as of fiscal year 2025.

Murphy Usa Inc (MUSA) had a current ratio of 0.80 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Murphy Usa Inc (MUSA) had a debt-to-equity ratio of 3.47 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Murphy Usa Inc (MUSA) had a return on assets of 10.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Murphy Usa Inc (MUSA) has an Altman Z-Score of 7.16, 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.

Murphy Usa Inc (MUSA) has a Piotroski F-Score of 5 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. Learn more in our complete guide to financial health indicators.

Murphy Usa Inc (MUSA) has an earnings quality ratio of 1.73x, 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.

Murphy Usa Inc (MUSA) has an interest coverage ratio of 6.5x, 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.

Murphy Usa Inc (MUSA) scores 38 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. Learn more in our complete guide to financial health indicators.

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