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Friday 6 November 2026
Export MUSA’s income statement to Excel — free account
Murphy USA Inc.
MUSA Consumer Cyclical Specialty Retail
Murphy USA Inc.’s revenue for fiscal 2025 (year ended December 2025) was $19.4 billion, down 4.25% from fiscal 2024.
- Revenue
- +34.8%
- EPS
- +41.3%
- Free cash flow
- +185.5%
- Total debt
- −2.33%
Quarter to September 2026, against a year earlier
514.46
12.04
+2.40%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
16.44 | 20.43 | 13.83 | 9.54 | 13.09 | 9.89 | 23.68 | 11.68 | 11.56 | 11.04 |
Piotroski F-Score |
6 | 6 | 7 | 7 | 5 | 7 | 6 | 7 | 5 | 6 |
P/S ratio |
0.40 | 0.51 | 0.36 | 0.27 | 0.30 | 0.34 | 0.26 | 0.17 | 0.23 | 0.21 |
Altman Z-Score |
6.93 | 7.77 | 7.94 | 8.49 | 6.51 | 7.03 | 7.53 | 8.27 | 7.63 | 7.71 |
Altman Z″-Score (non-manufacturers) |
3.81 | 3.74 | 3.92 | 3.75 | 3.12 | 4.18 | 3.27 | 3.39 | 2.92 | 2.95 |
P/FCF ratio |
20.68 | 26.32 | 17.11 | 9.18 | 11.20 | 11.18 | 33.30 | 12.80 | 110.29 | 15.14 |
Beneish M-Score |
(2.87) | (3.08) | (3.39) | (2.44) | (1.56) | (2.95) | (1.57) | (3.03) | (2.43) | (2.75) |
P/Operating CF |
31.73 | 41.43 | 28.25 | 28.73 | 34.72 | 39.76 | 59.91 | 15.92 | 24.63 | 19.06 |
Dividend Safety Score |
84 | — | — | — | — | — | — | — | — | — |
P/B ratio |
12.49 | 12.26 | 9.31 | 10.01 | 6.47 | 4.86 | 4.60 | 3.10 | 3.91 | 3.49 |
Price to Tangible BV |
49.87 | 27.65 | 21.37 | 37.22 | 15.43 | 5.09 | 4.60 | 3.10 | 3.91 | 3.49 |
EV/Sales |
0.51 | 0.60 | 0.44 | 0.35 | 0.39 | 0.41 | 0.32 | 0.22 | 0.28 | 0.25 |
EV/EBITDA |
9.99 | 12.22 | 8.91 | 6.85 | 8.30 | 6.46 | 10.59 | 6.93 | 9.00 | 6.06 |
EV/Operating CF |
12.22 | 14.28 | 11.98 | 8.18 | 9.20 | 8.25 | 14.22 | 7.98 | 12.70 | 8.74 |
EV/FCF |
26.39 | 30.92 | 20.83 | 11.66 | 14.55 | 13.64 | 40.13 | 16.27 | 137.42 | 18.36 |
Quick Ratio |
0.33 | 0.33 | 0.53 | 0.42 | 0.67 | 0.63 | 0.90 | 0.68 | 0.74 | 0.66 |
Current Ratio |
0.80 | 0.79 | 0.95 | 0.85 | 1.14 | 1.18 | 1.41 | 1.19 | 1.15 | 1.00 |
Net Debt/EBITDA |
2.16 | 1.82 | 1.59 | 1.45 | 1.91 | 1.17 | 1.80 | 1.48 | 1.78 | 1.06 |
Debt/Assets |
46.18% | 40.70% | 41.47% | 43.82% | 44.84% | 37.32% | 38.63% | 36.57% | 37.79% | 32.09% |
Debt/Equity |
3.50 | 2.20 | 2.17 | 2.82 | 2.25 | 1.28 | 1.29 | 1.07 | 1.19 | 0.96 |
Asset Turnover |
4.18 | 4.56 | 5.09 | 5.74 | 5.16 | 4.19 | 5.56 | 6.12 | 5.80 | 5.83 |
Operating CF/Net income |
1.73 | 1.69 | 1.41 | 1.48 | 1.86 | 1.46 | 2.02 | 1.87 | 1.16 | 1.52 |
Capex/Depreciation |
(1.58) | (1.84) | (1.46) | (1.35) | (1.28) | (1.38) | (1.33) | (1.52) | (2.20) | (1.79) |
Interest Coverage |
6.48 | 7.65 | 8.39 | 11.35 | 7.33 | 10.92 | 4.89 | 6.15 | 6.07 | 9.78 |
| 64.31% | 60.22% | 75.78% | 92.95% | 49.88% | 48.65% | 19.23% | 27.64% | 34.18% | 29.74% | |
| 10.16% | 11.32% | 13.16% | 16.47% | 11.79% | 14.37% | 6.13% | 9.11% | 11.10% | 11.14% | |
ROIC |
16.17% | 17.58% | 20.62% | 25.55% | 15.96% | 21.53% | 10.75% | 13.67% | 12.22% | 19.99% |
Return on Tangible Assets |
16.92% | 19.23% | 22.05% | 28.86% | 16.06% | 19.68% | 7.69% | 11.61% | 13.93% | 14.44% |
Average Days of Receivables |
5.20 | 4.84 | 5.71 | 4.39 | 4.11 | 5.47 | 4.50 | 3.53 | 6.41 | 5.78 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
6.91% | 6.42% | 5.83% | 0.99% | 1.12% | 6.39% | 5.02% | 4.72% | 5.12% | 5.31% |
Intangible Assets out of Total Assets |
0.10 | 0.10 | 0.11 | 0.11 | 0.12 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.43) | (0.29) | (0.35) | (0.43) | (0.47) | (0.33) | (0.32) | (0.39) | (0.34) | (0.36) |
Graham Number |
133.57 | 150.36 | 150.09 | 132.44 | 102.70 | 89.51 | 53.15 | 60.39 | 56.90 | 47.34 |
Earnings Yield |
6.08% | 4.89% | 7.23% | 10.48% | 7.64% | 10.11% | 4.22% | 8.56% | 8.65% | 9.06% |
Free Cash Flow Yield |
4.84% | 3.80% | 5.84% | 10.89% | 8.93% | 8.95% | 3.00% | 7.81% | 0.91% | 6.60% |
Revenue per Share |
1,004.20 | 985.94 | 1,001.69 | 997.45 | 662.36 | 386.66 | 444.22 | 439.58 | 358.12 | 295.26 |
Operating CF per Share |
42.16 | 41.28 | 36.48 | 42.32 | 28.13 | 19.35 | 9.92 | 12.20 | 7.92 | 8.59 |
Capex per Share |
(22.65) | (22.21) | (15.50) | (12.61) | (10.35) | (7.64) | (6.40) | (6.22) | (7.19) | (4.50) |
Free Cash Flow per Share |
19.52 | 19.07 | 20.97 | 29.70 | 17.78 | 11.71 | 3.51 | 5.99 | 0.73 | 4.09 |
Cash per Share |
1.50 | 2.29 | 5.81 | 3.34 | 9.78 | 5.62 | 8.87 | 5.65 | 4.75 | 3.92 |
Shareholders Equity per Share |
32.30 | 40.91 | 38.57 | 27.26 | 30.80 | 26.92 | 25.42 | 24.71 | 20.62 | 17.75 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
32.30 | 40.91 | 38.57 | 27.26 | 30.80 | 26.92 | 25.42 | 24.71 | 20.62 | 17.75 |
Free Cash Flow |
376.70 | 391.50 | 450.80 | 698.20 | 466.10 | 341.10 | 111.00 | 195.60 | 26.20 | 160.60 |
Working Capital |
(181.30) | (199.80) | (46.30) | (127.40) | 92.50 | 94.10 | 205.80 | 92.00 | 80.90 | 0.99 |
Capital Expenditures |
(437.20) | (456.10) | (333.20) | (296.50) | (271.30) | (222.60) | (202.30) | (203.10) | (257.40) | (176.80) |
Net Current Asset Value |
(3,354.50) | (2,953.40) | (2,684.70) | (2,755.70) | (2,473.20) | (1,276.40) | (1,173.40) | (983.40) | (978.40) | (876.11) |
EV/EBIT |
13.84 | 16.29 | 11.37 | 8.41 | 11.23 | 8.32 | 16.59 | 9.79 | 12.71 | 7.60 |
Capex to Sales |
0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 |
Price to Operating Income |
10.84 | 13.87 | 9.34 | 6.62 | 8.65 | 6.82 | 13.77 | 7.70 | 10.20 | 6.27 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.08 | 0.07 | 0.06 |
Cash ROIC |
13.29% | 14.31% | 16.37% | 27.64% | 16.19% | 17.49% | 5.23% | 10.54% | 1.46% | 10.56% |
Accounts Receivable Turnover |
71.17 | 66.90 | 69.63 | 98.22 | 95.26 | 65.93 | 90.05 | 78.92 | 62.76 | 72.52 |
Accounts Payable Turnover |
19.57 | 20.99 | 22.96 | 28.07 | 27.42 | 20.96 | 27.97 | 27.36 | 23.84 | 24.50 |
Inventory Turnover |
41.80 | 48.30 | 58.20 | 68.85 | 54.29 | 38.77 | 57.48 | 65.71 | 70.06 | 68.41 |
Average Days of Payables |
18.55 | 17.79 | 15.86 | 14.55 | 15.54 | 17.51 | 13.18 | 12.56 | 15.93 | 16.33 |
Days of Inventory on Hand |
8.85 | 8.17 | 6.48 | 5.53 | 6.88 | 10.37 | 6.44 | 6.09 | 5.66 | 5.29 |
Average Receivables |
272.35 | 302.60 | 309.20 | 238.70 | 182.25 | 170.85 | 155.85 | 182.00 | 204.36 | 159.89 |
Average Payables |
869.80 | 854.55 | 836.95 | 749.75 | 565.70 | 468.65 | 461.55 | 485.15 | 493.39 | 431.86 |
Average Inventory |
407.30 | 371.40 | 330.15 | 305.70 | 285.70 | 253.35 | 224.55 | 202.00 | 167.93 | 154.63 |
Average Assets |
4,633.70 | 4,440.85 | 4,231.65 | 4,085.70 | 3,366.95 | 2,686.45 | 2,524.00 | 2,345.90 | 2,209.87 | 1,987.49 |
Average Common Equity |
731.80 | 834.50 | 734.80 | 723.95 | 795.65 | 793.55 | 805.15 | 772.85 | 717.74 | 744.68 |
Columns are period end dates · fundamentals updated 5 Nov 2026