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Marathon Petroleum Corporation

MPC Energy Oil & Gas Refining & Marketing

Marathon Petroleum Corporation’s revenue for fiscal 2025 (year ended December 2025) was $132.7 billion, down 4.44% from fiscal 2024.

Revenue: +61.0%
EPS: +526.1%
Free cash flow: +477.9%
Total debt: +0.54%

Quarter to September 2026, against a year earlier

371.01 6.31 −1.67%

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Market cap: $102.7B
P/E: 7.2×
Fwd P/E: 6.8×
Dividend yield: 1.06%
F-score: 7/9
Altman Z: 3.14
Beneish M: −2.73
Dividend safety: 72/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Marathon Petroleum Corporation (MPC) Debt to equity

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Marathon Petroleum Corporation's debt to equity at the end of the quarter to 30 September 2026 was 1.1×, down 0.3× from fiscal 2025 (1.4×). Over the past ten years it has ranged from 0.5× (fiscal 2016) to 1.4× (fiscal 2025) — the current reading is the highest in ten years. That is above the Oil & Gas Refining & Marketing industry median of 0.4× and above the Energy sector median of 0.4×.

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<iframe src="https://stockrow.com/embed/MPC/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Marathon Petroleum Corporation debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/MPC/metrics/debt-to-equity">Marathon Petroleum Corporation (MPC) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	1.4×	20.70%
FY2024	1.1×	26.43%
FY2023	0.9×	14.29%
FY2022	0.8×	(0.05%)
FY2021	0.8×	(27.48%)
FY2020	1.1×	58.41%
FY2019	0.7×	9.09%
FY2018	0.6×	0.51%
FY2017	0.6×	18.78%
FY2016	0.5×	(13.66%)

Period	Debt to equity	Change
Sep 2026	1.1×	(13.30%)
Jun 2026	1.3×	(8.94%)
Mar 2026	1.4×	2.66%
Dec 2025	1.4×	(0.73%)
43 more quarters	Free account

Against its own ten years

Low 0.5× High 1.4×

Ten-year median 0.8×

Current reading's percentile 100

Company	Debt to equity
DINO HF Sinclair Corporation compare	0.2×
PBF PBF Energy Inc. compare	0.3×
VLO Valero Energy Corporation compare	0.4×
PSX Phillips 66 compare	0.5×
UGP Ultrapar Participacoes S.A. compare	1.0×
MPC Marathon Petroleum Corporation	1.1×
CVI CVR Energy Inc. compare	1.4×
SUN Sunoco LP compare	1.5×
DK Delek US Holdings, Inc. compare	7.5×
Oil & Gas Refining & Marketing industry median	0.4×
Energy sector median	0.4×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Marathon Petroleum Corporation (MPC) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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