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) Gross margin

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Marathon Petroleum Corporation's gross margin over the twelve months to 30 June 2026 was 12.5%, up 2.5 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 in line with the Oil & Gas Refining & Marketing industry median of 12.2% and below the Energy sector median of 49.5%.

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)
Jun 2026 17.2% 8.59
Mar 2026 8.59% (2.81)
Dec 2025 11.4% 1.03
Sep 2025 10.4% (0.80)
42 more quarters

Against its own ten years

Low 5.80% High 22.9%
Ten-year median 10.5%
Current reading's percentile 79

Gross margin against peers

Company Gross margin
DINO HF Sinclair Corporation compare 20.1%
IEP Icahn Enterprises L.P. compare 14.5%
PSX Phillips 66 compare 13.1%
MPC Marathon Petroleum Corporation 12.5%
SUN Sunoco LP compare 11.9%
PBF PBF Energy Inc. compare 11.6%
UGP Ultrapar Participacoes S.A. compare 8.44%
VLO Valero Energy Corporation compare 8.03%
CVI CVR Energy Inc. compare 6.10%
Oil & Gas Refining & Marketing industry median 12.2%
Energy sector median 49.5%
Market median 46.2%

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

The full definition of Gross margin →

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