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.
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Marathon Petroleum Corporation (MPC) Operating margin
Marathon Petroleum Corporation's operating margin over the twelve months to 30 June 2026 was 9.20%, up 3.0 percentage points from fiscal 2025 (6.25%). Over the past ten years it has ranged from −17.6% (fiscal 2020) to 12.1% (fiscal 2022); the current reading is higher than 73% of that period. That is above the Oil & Gas Refining & Marketing industry median of 5.35% and below the Energy sector median of 14.5%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 6.25% | 1.36 |
| FY2024 | 4.89% | (4.89) |
| FY2023 | 9.78% | (2.32) |
| FY2022 | 12.1% | 8.52 |
| FY2021 | 3.58% | 21.13 |
| FY2020 | −17.6% | (21.56) |
| FY2019 | 4.01% | (1.44) |
| FY2018 | 5.45% | 0.07 |
| FY2017 | 5.38% | 1.61 |
| FY2016 | 3.77% | (2.74) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 14.1% | 9.97 |
| Mar 2026 | 4.11% | (4.16) |
| Dec 2025 | 8.27% | 0.48 |
| Sep 2025 | 7.79% | 1.29 |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| MPC Marathon Petroleum Corporation | 9.20% |
| DINO HF Sinclair Corporation compare | 8.28% |
| VLO Valero Energy Corporation compare | 7.18% |
| PBF PBF Energy Inc. compare | 5.78% |
| PSX Phillips 66 compare | 5.74% |
| UGP Ultrapar Participacoes S.A. compare | 4.95% |
| SUN Sunoco LP compare | 4.76% |
| CVI CVR Energy Inc. compare | 4.12% |
| IEP Icahn Enterprises L.P. compare | 1.07% |
| Oil & Gas Refining & Marketing industry median | 5.35% |
| Energy sector median | 14.5% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
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