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
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Marathon Petroleum Corporation (MPC) Gross margin
Marathon Petroleum Corporation's gross margin over the twelve months to 30 September 2026 was 15.9%, up 5.9 percentage points from fiscal 2025 (9.99%). Over the past ten years it has ranged from 5.80% (fiscal 2020) to 22.9% (fiscal 2015); the current reading is higher than 36% of that period. That is above the Oil & Gas Refining & Marketing industry median of 10.9% and below the Energy sector median of 42.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 9.99% | 0.90 |
| FY2024 | 9.09% | (4.26) |
| FY2023 | 13.4% | (1.18) |
| FY2022 | 14.5% | 6.22 |
| FY2021 | 8.31% | 2.51 |
| FY2020 | 5.80% | (4.92) |
| FY2019 | 10.7% | 0.22 |
| FY2018 | 10.5% | 0.27 |
| FY2017 | 10.2% | (0.29) |
| FY2016 | 10.5% | (12.34) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 21.8% | 4.66 |
| Jun 2026 | 17.2% | 8.59 |
| Mar 2026 | 8.59% | (2.81) |
| Dec 2025 | 11.4% | 1.03 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| DINO HF Sinclair Corporation compare | 24.6% |
| PBF PBF Energy Inc. compare | 15.9% |
| MPC Marathon Petroleum Corporation | 15.9% |
| PSX Phillips 66 compare | 15.1% |
| VLO Valero Energy Corporation compare | 12.3% |
| SUN Sunoco LP compare | 10.9% |
| UGP Ultrapar Participacoes S.A. compare | 8.44% |
| CVI CVR Energy Inc. compare | 7.54% |
| DK Delek US Holdings, Inc. compare | 7.12% |
| Oil & Gas Refining & Marketing industry median | 10.9% |
| Energy sector median | 42.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Free cash flow margin
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