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) Gross margin

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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

Against its own ten years

Low 5.80% High 22.9%
Ten-year median 10.5%
Current reading's percentile 91

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

The full definition of Gross margin →

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