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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%
Market cap
$9.3B
P/E
14.3×
Fwd P/E
15.3×
Dividend yield
0.64%
F-score
6/9
Altman Z
6.93
Beneish M
−2.87
Dividend safety
84/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Murphy USA Inc. (MUSA) Debt to equity

Alert me on Debt to equity

Murphy USA Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 2.8×, down 0.7× from fiscal 2025 (3.5×). Over the past ten years it has ranged from 0.6× (fiscal 2015) to 3.5× (fiscal 2025) — the current reading is the highest in ten years. That is above the Specialty Retail industry median of 0.3× and above the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 3.5× 59.10%
FY2024 2.2× 1.34%
FY2023 2.2× (23.01%)
FY2022 2.8× 25.42%
FY2021 2.2× 75.89%
FY2020 1.3× (1.11%)
FY2019 1.3× 20.89%
FY2018 1.1× (10.35%)
FY2017 1.2× 24.06%
FY2016 1.0× 55.36%

Quarterly newest first

Period Debt to equity Change
Sep 2026 2.8× (1.34%)
Jun 2026 2.8× (14.69%)
Mar 2026 3.3× (6.48%)
Dec 2025 3.5× (14.66%)
43 more quarters

Against its own ten years

Low 0.6× High 3.5×
Ten-year median 1.3×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
BBWI Bath & Body Works, Inc. compare −3.4×
FIVE Five Below, Inc. compare 0.0×
ASO Academy Sports and Outdoors, Inc. compare 0.2×
DKS DICK'S Sporting Goods, Inc. compare 0.3×
BBY Best Buy Co., Inc. compare 0.4×
CASY Casey's General Stores, Inc. compare 0.6×
GME GameStop Corp. compare 0.7×
TSCO Tractor Supply Company compare 0.9×
MUSA Murphy USA Inc. 2.8×
Specialty Retail industry median 0.3×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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