Marathon Petroleum Corp
MPC· NYSE· Petroleum Refining
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 3.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +13.7%
We record prices for the companies we cover; MPC is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 306.0M
- Revenue
- $132.7B
- Free cash flow
- $4.8B
- Owner earnings
- $4.6B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 6.2%
- Net
- 3.0%
- Free cash flow
- 3.6%
- Owner earnings
- 3.5%
- Stock pay
- 0.1%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 23.4%
- ROE, 5 yr avg
- 34.4%
Growth (CAGR)
- Revenue, 3 yr
- -9.2%
- Revenue, 5 yr
- 13.7%
- Revenue, 9 yr
- 8.6%
- Diluted EPS, 3 yr
- -22.2%
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- 22.0%
- Free cash flow, 3 yr
- -30.1%
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- 17.4%
Financial health · FY2025
- Cash and investments
- $3.7B
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 28.2%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -14.0%
Financials: ten years from the 10-Ks
Revenue
$132.7B
+8.6% a year over 9 years
FY2016FY2025
Margins
Operating6.2%Net3.0%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$4.8BOwner earnings$4.6B
Free cash flow +17.4% a year
FY2016FY2025
Diluted shares
306.0M
-42.3% over 9 years, net buybacks
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $63.3B | $74.7B | $86.1B | $111.1B | $69.8B | $120.0B | $177.5B | $148.4B | $138.9B | $132.7B |
| Revenue growth | -12.2% | 18.1% | 15.2% | 29.1% | -37.2% | 71.9% | 47.9% | -16.4% | -6.4% | -4.4% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 3.8% | 5.4% | 5.4% | 4.0% | -17.6% | 3.6% | 12.1% | 9.8% | 4.9% | 6.2% |
| Net income | $1.2B | $3.4B | $2.8B | $2.6B | -$9.8B | $9.7B | $14.5B | $9.7B | $3.4B | $4.0B |
| Net margin | 1.9% | 4.6% | 3.2% | 2.4% | -14.1% | 8.1% | 8.2% | 6.5% | 2.5% | 3.0% |
| Diluted EPS | $2.21 | $6.70 | $5.28 | $3.97 | $-15.13 | $15.24 | $28.12 | $23.63 | $10.08 | $13.22 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $4.0B | $6.6B | $6.2B | $9.4B | $2.4B | $4.4B | $16.4B | $14.1B | $8.7B | $8.3B |
| Capital expenditure | $2.9B | $2.7B | $3.2B | $4.8B | $2.8B | $1.5B | $2.4B | $1.9B | $2.5B | $3.5B |
| Free cash flow | $1.1B | $3.9B | $3.0B | $4.6B | -$368.0M | $2.9B | $13.9B | $12.2B | $6.1B | $4.8B |
| Stock-based compensation | $45.0M | $51.0M | $127.0M | $153.0M | $100.0M | $88.0M | $153.0M | $211.0M | $137.0M | $160.0M |
| Owner earnings? | $1.1B | $3.8B | $2.9B | $4.5B | -$468.0M | $2.8B | $13.8B | $12.0B | $6.0B | $4.6B |
| Free cash flow per share | $2.12 | $7.58 | $5.66 | $6.97 | $-0.57 | $4.54 | $27.02 | $29.89 | $17.98 | $15.58 |
| Capital allocation | ||||||||||
| Dividends paid | $719.0M | $773.0M | $954.0M | $1.4B | $1.5B | $1.5B | $1.3B | $1.3B | $1.2B | $1.1B |
| Share repurchases | $197.0M | $2.4B | $3.3B | $1.9B | $0 | $4.7B | $11.9B | $11.6B | $9.2B | $3.5B |
| Diluted shares | 530.0M | 512.0M | 526.0M | 664.0M | 649.0M | 638.0M | 516.0M | 409.0M | 341.0M | 306.0M |
| Share count change? | -2.2% | -3.4% | 2.7% | 26.2% | -2.3% | -1.7% | -19.1% | -20.7% | -16.6% | -10.3% |
| Balance sheet | ||||||||||
| Cash and equivalents | $887.0M | $3.0B | $1.7B | $1.4B | $415.0M | $5.3B | $8.6B | $5.4B | $3.2B | $3.7B |
| Short-term investments | – | – | – | – | – | $5.5B | $3.1B | $4.8B | $0 | – |
| Total debt | – | – | – | – | – | – | – | – | – | – |
| Net debt | – | – | – | – | – | – | – | – | – | – |
| Shareholders' equity | $13.6B | $14.0B | $35.2B | $33.7B | $22.2B | $26.2B | $27.7B | $24.4B | $17.7B | $17.3B |
Latest filings
| 2026-08-04 | 10-Q | Quarterly report |
| 2026-08-04 | 8-K | Earnings release |
| 2026-05-05 | 10-Q | Quarterly report |
| 2026-05-05 | 8-K | Earnings release |
| 2026-04-13 | 8-K | Earnings release |
| 2026-03-16 | DEF 14A | Proxy statement |
| 2026-02-26 | 10-K | Annual report |
| 2026-02-03 | 8-K | Earnings release |
| 2025-11-04 | 10-Q | Quarterly report |
| 2025-11-04 | 8-K | Earnings release |
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