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%
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

Marathon Petroleum Corporation (MPC) Free cash flow margin

Alert me on Free cash flow margin

Marathon Petroleum Corporation's free cash flow margin over the twelve months to 30 September 2026 was 12.5%, up 8.2 percentage points from fiscal 2025 (4.35%). Over the past ten years it has ranged from −0.31% (fiscal 2020) to 8.26% (fiscal 2023); the current reading is higher than 64% of that period. That is above the Oil & Gas Refining & Marketing industry median of 6.17% and above the Energy sector median of 6.87%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 4.35% (0.09)
FY2024 4.44% (3.82)
FY2023 8.26% 0.35
FY2022 7.91% 5.37
FY2021 2.54% 2.85
FY2020 −0.31% (4.52)
FY2019 4.21% 0.72
FY2018 3.49% (1.81)
FY2017 5.30% 3.36
FY2016 1.94% (0.97)

Against its own ten years

Low −0.31% High 8.26%
Ten-year median 4.21%
Current reading's percentile 64

Free cash flow margin against peers

Company Free cash flow margin
MPC Marathon Petroleum Corporation 12.5%
VLO Valero Energy Corporation compare 9.19%
DINO HF Sinclair Corporation compare 9.19%
CVI CVR Energy Inc. compare 8.45%
PSX Phillips 66 compare 7.35%
PBF PBF Energy Inc. compare 6.76%
DK Delek US Holdings, Inc. compare 5.58%
UGP Ultrapar Participacoes S.A. compare 5.52%
SUN Sunoco LP compare 5.12%
Oil & Gas Refining & Marketing industry median 6.17%
Energy sector median 6.87%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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