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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. In the quarter to June 2026, revenue grew 53.8%, EPS grew 348.5%, free cash flow grew 366.3% and total debt rose 14.5%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years.

478.07 1.15 +0.24%
Market cap
$133.9B
P/E
16.4×
Fwd P/E
7.8×
Dividend yield
0.84%
F-score
7/9
Altman Z
3.14
Beneish M
−2.73
Dividend safety
72/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Marathon Petroleum Corporation (MPC) Debt to equity

Alert me on Debt to equity

Marathon Petroleum Corporation's debt to equity at the end of the quarter to 30 June 2026 was 1.3×, down 0.1× 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×.

Debt to equity, annual

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Annual newest first

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%)

Quarterly newest first

Period Debt to equity Change
Jun 2026 1.3× (8.94%)
Mar 2026 1.4× 2.66%
Dec 2025 1.4× (0.73%)
Sep 2025 1.4× 11.63%
42 more quarters

Against its own ten years

Low 0.5× High 1.4×
Ten-year median 0.8×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
DINO HF Sinclair Corporation compare 0.3×
PBF PBF Energy Inc. compare 0.3×
VLO Valero Energy Corporation compare 0.4×
PSX Phillips 66 compare 0.6×
UGP Ultrapar Participacoes S.A. compare 1.0×
MPC Marathon Petroleum Corporation 1.3×
SUN Sunoco LP compare 1.6×
CVI CVR Energy Inc. compare 2.4×
IEP Icahn Enterprises L.P. compare 3.0×
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 →

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