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

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 June 2026 was 9.05%, up 4.7 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 4.25% and above the Energy sector median of 6.79%.

Free cash flow margin, annual

Embed this chart

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 9.05%
DINO HF Sinclair Corporation compare 7.19%
VLO Valero Energy Corporation compare 6.73%
UGP Ultrapar Participacoes S.A. compare 5.52%
CVI CVR Energy Inc. compare 4.26%
SUN Sunoco LP compare 4.25%
PSX Phillips 66 compare 4.20%
PBF PBF Energy Inc. compare 2.66%
IEP Icahn Enterprises L.P. compare −2.37%
Oil & Gas Refining & Marketing industry median 4.25%
Energy sector median 6.79%
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 →

More on MPC