Saturday 17 October 2026 Export MPC’s income statement to Excel — free account

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%

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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 13.87

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	1	2	—	1	1	—	5	—	—

Insider Ownership 3.14%

Capital & Financial Ratios $m

Market Cap 133,930.00

Revenue 153,577.00

Net Income 10,311.00

Free Cash Flow 13,894.00

Net Debt 25,048.00

Current Ratio 1.25

Debt/Equity 1.28

P/E ratio 16.41

Fwd P/E 7.78

P/S ratio 0.90

P/B ratio 5.37

Past 5Y EPS Growth —

This Y EPS Growth 499.67%

Next Y EPS Growth (14.14%)

Next Y revenue growth 29.40%

Next 5Y EPS Growth 37.15%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 77.31%

10-year low 10-year high

P/S against its own 10 years 99.96%

10-year low 10-year high

P/B against its own 10 years 99.96%

10-year low 10-year high

EV/Sales against its own 10 years 99.96%

10-year low 10-year high

EV/FCF against its own 10 years 28.67%

10-year low 10-year high

Dividends

Payout Ratio 0.14

Annual Dividend Rate 4.00

Annual Dividend Yield 0.84%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	4.08	1.00 1.00 1.00
2025	3.73	0.91 0.91 0.91 1.00
2024	3.39	0.83 0.83 0.83 0.91
2023	3.08	0.75 0.75 0.75 0.83
2022	2.49	0.58 0.58 0.58 0.75
2021	2.32	0.58 0.58 0.58 0.58
2020	2.32	0.58 0.58 0.58 0.58
2019	2.12	0.53 0.53 0.53 0.53
2018	1.84	0.46 0.46 0.46 0.46
2017	1.52	0.36 0.36 0.40 0.40
2016	1.36	0.32 0.32 0.36 0.36

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	10,224	3,210	3,672	7,768
Receivables	12,187	11,145	10,317	15,740
Inventory	9,317	9,568	10,129	9,973
Other	403	524	662	805
	32,131	24,447	24,780	34,286

	2023	2024	2025	Q'26
Payables	13,761	13,906	12,974	19,227
ST’ Debt	1,954	3,049	2,371	2,120
Other	1,645	1,155	1,253	2,325
	20,150	20,827	19,678	27,421

Compound Annual Growth %

	10y	5y	3y
Sales	6.30%	13.72%	(9.23%)
Cash Flow	7.32%	27.82%	(20.40%)
Earnings	3.56%	0.00%	(34.67%)
Book Value	2.04%	(3.81%)	(10.96%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	34,200	51,994	—	—	—
’25	31,517	33,799	34,809	32,574	132,699
’24	32,706	37,914	35,107	33,137	138,864
’23	34,864	36,343	40,917	36,255	148,379
’22	38,058	53,795	45,787	39,813	177,453
’21	22,711	29,615	32,321	35,336	119,983
’20	22,204	12,195	17,408	17,972	69,779

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	1,121	10,327	—	—	—
’25	(64)	2,639	2,609	3,069	8,253
’24	1,532	3,242	1,684	2,207	8,665
’23	4,057	3,984	4,953	1,123	14,117
’22	2,513	6,952	2,514	4,382	16,361
’21	454	1,380	(1,148)	3,674	4,360
’20	(768)	538	1,321	1,328	2,419

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	213	9,144	—	—	—
’25	(726)	1,961	1,664	2,873	5,772
’24	948	2,756	1,035	1,428	6,167
’23	3,603	3,524	4,542	594	12,263
’22	2,025	6,519	1,820	3,667	14,031
’21	226	1,083	(1,508)	3,248	3,049
’20	(1,671)	(197)	702	948	(218)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.73	17.73	—	—	—
’25	(0.24)	3.96	4.51	5.12	13.22
’24	2.58	4.33	1.87	1.15	10.08
’23	6.09	5.32	8.28	3.84	23.63
’22	1.49	10.95	9.06	7.09	28.12
’21	(0.37)	13.00	1.09	1.27	15.24
’20	(14.25)	0.01	(1.57)	0.29	(15.28)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	29.24	46.88	54.29	43.96	15.26	40.30	64.27	104.32	130.54	115.10	Analyst estimates 2026–2028 Powerpack
	High	52.83	67.07	88.45	69.65	61.92	68.78	127.62	159.65	221.11	202.30
People
People	Employees	44,460	43,800	60,350	60,910	57,900	17,700	17,800	18,200	18,300	18,500
	Revenue/emp, $m	1.42	1.71	1.43	1.82	1.21	6.78	9.97	8.15	7.59	7.17
Income, $m
Income, $m	Revenue	63,339	74,733	86,086	111,148	69,779	119,983	177,453	148,379	138,864	132,699
	Gross margin, %	10.52	10.23	10.50	10.72	5.80	8.31	14.53	13.35	9.09	9.99
	EBT	1,822	3,344	3,697	3,233	(13,612)	2,817	20,469	13,989	5,957	7,015
	EBT margin, %	2.88	4.47	4.29	2.91	(19.51)	2.35	11.53	9.43	4.29	5.29
	Net income	1,213	3,804	3,606	3,255	(9,977)	11,001	16,050	11,172	5,067	5,878
	Depreciation	2,062	2,178	2,240	3,258	3,444	3,443	3,265	3,229	3,306	3,290
Per share, $
Per share, $	Revenue	119.96	147.40	163.66	168.66	107.52	189.25	346.59	364.57	408.42	435.08
	Earnings	2.22	6.77	5.36	4.00	(15.28)	15.34	28.31	23.73	10.11	13.24
	Cash flow	7.61	13.04	11.71	14.33	3.73	6.88	31.96	34.69	25.49	27.06
	Capex	(5.29)	(5.23)	(6.00)	(7.23)	(4.06)	(2.07)	(4.55)	(4.56)	(7.35)	(8.13)
	Free cash flow	2.32	7.81	5.71	7.10	(0.34)	4.81	27.40	30.13	18.14	18.92
	Book value	38.26	41.08	83.74	63.94	45.07	51.44	66.64	74.95	71.48	78.97
	Shares, m	528	507	526	659	649	634	512	407	340	305
Valuation, ×
Valuation, ×	P/E	23.84	9.62	10.95	15.02	0.00	4.24	3.85	6.45	13.99	12.17
	P/S	0.44	0.46	0.36	0.36	0.38	0.34	0.32	0.42	0.34	0.37
	P/B	1.38	1.64	0.70	0.94	0.92	1.24	1.66	2.03	1.95	2.06
	EV/Sales	0.59	0.59	0.66	0.60	0.83	0.46	0.40	0.53	0.52	0.59
	EV/FCF	30.70	11.11	18.95	14.33	(266.11)	18.13	5.11	6.45	11.63	13.65
Cash, $m
Cash, $m	Operating cash flow	4,017	6,612	6,158	9,441	2,419	4,360	16,361	14,117	8,665	8,253
	Capex	(2,791)	(2,653)	(3,157)	(4,763)	(2,637)	(1,311)	(2,330)	(1,854)	(2,498)	(2,481)
	Free cash flow	1,226	3,959	3,001	4,678	(218)	3,049	14,031	12,263	6,167	5,772
Balance, $m
Balance, $m	Working capital	3,255	2,923	4,807	13,510	12,624	12,598	15,222	11,981	3,620	5,102
	Total debt	10,572	12,946	27,524	28,724	31,584	25,539	26,700	27,283	27,481	32,876
	Net debt	9,685	9,935	25,837	27,331	31,169	14,700	14,930	17,059	24,271	29,204
	Shareholders’ equity	20,203	20,828	44,049	42,139	29,252	32,616	34,119	30,504	24,303	24,086
Returns, %
Returns, %	ROA	2.68	7.34	3.92	2.75	(10.70)	11.42	16.56	11.01	4.18	4.97
	ROIC	4.99	8.16	4.19	4.01	(12.67)	5.68	27.36	19.07	8.74	9.72
	ROE	5.89	16.73	8.57	6.12	(27.53)	31.48	43.50	29.96	12.57	16.73

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
MPC Marathon Petroleum Corporation	$133.9B	16.4×	7.8×	+53.83% (above 0%: growing)	+348.48% (above 0%: growing)	+366.29% (above 0%: growing)	17.18%	14.08%
VLO Valero Energy Corporation	$127.9B	18.4×	8.3×	+48.80% (above 0%: growing)	+453.51% (above 0%: growing)	+871.06% (above 0%: growing)	12.30%	11.68%	Compare
PSX Phillips 66	$115.4B	16.7×	9.2×	+53.06% (above 0%: growing)	+346.05% (above 0%: growing)	+2,432.17% (above 0%: growing)	14.39%	9.14%	Compare
DINO HF Sinclair Corporation	$22.2B	12.0×	6.2×	+53.15% (above 0%: growing)	+348.18% (above 0%: growing)	+191.21% (above 0%: growing)	21.72%	11.24%	Compare
PBF PBF Energy Inc.	$10.3B	7.4×	4.0×	+56.23% (above 0%: growing)	n/m	+4,076.29% (above 0%: growing)	15.56%	10.89%	Compare
SUN Sunoco LP	$9.9B	16.3×	7.2×	+164.55% (above 0%: growing)	+184.85% (above 0%: growing)	+955.68% (above 0%: growing)	10.27%	4.09%	Compare
UGP Ultrapar Participacoes S.A.	$8.2B	12.4×	—	+36.71% (above 0%: growing)	+61.11% (above 0%: growing)	+873.56% (above 0%: growing)	11.12%	7.25%	Compare
CVI CVR Energy Inc.	$6.2B	90.3×	90.4×	+55.48% (above 0%: growing)	n/m	+104.65% (above 0%: growing)	4.27%	2.85%	Compare
IEP Icahn Enterprises L.P.	$4.7B	— (loss-making)	18.5×	+25.58% (above 0%: growing)	n/m	+12.90% (above 0%: growing)	3.09%	(8.67%)	Compare
Median of peers	$10.1B	16.3×	8.3×	+53.11%	+346.05%	+872.31%	11.71%	8.20%

All 19 Oil & Gas Refining & Marketing stocks →

Marathon Petroleum Corporation (MPC) key facts

Concern: Marathon Petroleum Corporation’s revenue for fiscal 2025 (year ended December 2025) was $132.7 billion, down 4.44% from fiscal 2024.
Strength: Net income was $5.9 billion, or $13.24 per share (basic), a net margin of 3.05%.
Marathon Petroleum Corporation (MPC) is an Oil & Gas Refining & Marketing company in the Energy sector, listed on the New York Stock Exchange.
As of October 16, 2026, MPC traded at $478.07, a market capitalization of $133.9 billion.
At that price the stock trades at 16.4× trailing-twelve-month earnings and 0.9× sales; its P/E is higher than 77% of its own readings over the past ten years.
Marathon Petroleum Corporation pays an annual dividend of $4.00 per share, a yield of 0.84%, with a payout ratio of 13.8%.
Return on equity was 16.7% and debt-to-equity 1.28.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.14 (safe zone) for fiscal 2025.