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

378.60 14.08 −3.59%
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) Operating margin

Alert me on Operating margin

Marathon Petroleum Corporation's operating margin over the twelve months to 30 September 2026 was 12.5%, up 6.3 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 7.14% and below the Energy sector median of 15.2%.

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)
Sep 2026 18.7% 4.57
Jun 2026 14.1% 9.97
Mar 2026 4.11% (4.16)
Dec 2025 8.27% 0.48
43 more quarters

Against its own ten years

Low −17.6% High 12.1%
Ten-year median 5.38%
Current reading's percentile 98

Operating margin against peers

Company Operating margin
DINO HF Sinclair Corporation compare 13.5%
MPC Marathon Petroleum Corporation 12.5%
VLO Valero Energy Corporation compare 11.5%
PBF PBF Energy Inc. compare 9.78%
PSX Phillips 66 compare 9.16%
CVI CVR Energy Inc. compare 5.72%
UGP Ultrapar Participacoes S.A. compare 4.95%
DK Delek US Holdings, Inc. compare 4.84%
SUN Sunoco LP compare 4.60%
Oil & Gas Refining & Marketing industry median 7.14%
Energy sector median 15.2%
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

The full definition of Operating margin →

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