Skip to content

Marathon Petroleum

NYSE: MPC · USD

Marathon Petroleum financials

6 charts

Revenue

USD millions

$51,994M
Marathon Petroleum Revenue. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodRevenue
FY 2011 Q2$20,760M; Change unavailable vs FY 2011 Q1
FY 2011 Q3$20,616M; −0.7% vs FY 2011 Q2
FY 2011 Q4$19,420M; −5.8% vs FY 2011 Q3
FY 2012 Q1$20,265M; +4.4% vs FY 2011 Q4
FY 2012 Q2$20,242M; −0.1% vs FY 2012 Q1
FY 2012 Q3$21,048M; +4.0% vs FY 2012 Q2
FY 2012 Q4$20,686M; −1.7% vs FY 2012 Q3
FY 2018 Q2$22,118M; Change unavailable vs FY 2018 Q1
FY 2018 Q3$22,787M; +3.0% vs FY 2018 Q2
FY 2018 Q4$32,333M; +41.9% vs FY 2018 Q3
FY 2019 Q1$28,081M; −13.2% vs FY 2018 Q4
FY 2019 Q2$33,547M; +19.5% vs FY 2019 Q1
FY 2019 Q3$31,043M; −7.5% vs FY 2019 Q2
FY 2019 Q4$31,092M; +0.2% vs FY 2019 Q3
FY 2020 Q1$25,215M; −18.9% vs FY 2019 Q4
FY 2020 Q2$15,024M; −40.4% vs FY 2020 Q1
FY 2020 Q3$17,408M; +15.9% vs FY 2020 Q2
FY 2020 Q4$17,972M; +3.2% vs FY 2020 Q3
FY 2021 Q1$22,711M; +26.4% vs FY 2020 Q4
FY 2021 Q2$29,615M; +30.4% vs FY 2021 Q1
FY 2021 Q3$32,321M; +9.1% vs FY 2021 Q2
FY 2021 Q4$35,336M; +9.3% vs FY 2021 Q3
FY 2022 Q1$38,058M; +7.7% vs FY 2021 Q4
FY 2022 Q2$53,795M; +41.4% vs FY 2022 Q1
FY 2022 Q3$45,787M; −14.9% vs FY 2022 Q2
FY 2022 Q4$39,813M; −13.0% vs FY 2022 Q3
FY 2023 Q1$34,864M; −12.4% vs FY 2022 Q4
FY 2023 Q2$36,343M; +4.2% vs FY 2023 Q1
FY 2023 Q3$40,917M; +12.6% vs FY 2023 Q2
FY 2023 Q4$36,255M; −11.4% vs FY 2023 Q3
FY 2024 Q1$32,706M; −9.8% vs FY 2023 Q4
FY 2024 Q2$37,914M; +15.9% vs FY 2024 Q1
FY 2024 Q3$35,107M; −7.4% vs FY 2024 Q2
FY 2024 Q4$33,137M; −5.6% vs FY 2024 Q3
FY 2025 Q1$31,517M; −4.9% vs FY 2024 Q4
FY 2025 Q2$33,799M; +7.2% vs FY 2025 Q1
FY 2025 Q3$34,809M; +3.0% vs FY 2025 Q2
FY 2025 Q4$32,574M; −6.4% vs FY 2025 Q3
FY 2026 Q1$34,200M; +5.0% vs FY 2025 Q4
FY 2026 Q2$51,994M; +52.0% vs FY 2026 Q1
Jun 30, 2011 through Sep 25, 2026

Free cash flow

USD millions

$9,141M
Marathon Petroleum Free cash flow. Quarterly values and changes versus the preceding comparable period. Missing values are unavailable.
PeriodFree cash flow
FY 2011 Q2$-237M; Change unavailable vs FY 2011 Q1
FY 2011 Q3$1,392M; +687.3% vs FY 2011 Q2
FY 2011 Q4$297M; −78.7% vs FY 2011 Q3
FY 2012 Q1$38M; −87.2% vs FY 2011 Q4
FY 2012 Q2$-57M; −250.0% vs FY 2012 Q1
FY 2012 Q3$1,502M; +2735.1% vs FY 2012 Q2
FY 2012 Q4$1,640M; +9.2% vs FY 2012 Q3
FY 2018 Q2$1,675M; Change unavailable vs FY 2018 Q1
FY 2018 Q3$333M; −80.1% vs FY 2018 Q2
FY 2018 Q4$1,464M; +339.6% vs FY 2018 Q3
FY 2019 Q1$382M; −73.9% vs FY 2018 Q4
FY 2019 Q2$1,444M; +278.0% vs FY 2019 Q1
FY 2019 Q3$1,383M; −4.2% vs FY 2019 Q2
FY 2019 Q4$858M; −38.0% vs FY 2019 Q3
FY 2020 Q1$-1,830M; −313.3% vs FY 2019 Q4
FY 2020 Q2$-310M; +83.1% vs FY 2020 Q1
FY 2020 Q3$901M; +390.6% vs FY 2020 Q2
FY 2020 Q4$871M; −3.3% vs FY 2020 Q3
FY 2021 Q1$150M; −82.8% vs FY 2020 Q4
FY 2021 Q2$1,078M; +618.7% vs FY 2021 Q1
FY 2021 Q3$-1,525M; −241.5% vs FY 2021 Q2
FY 2021 Q4$3,193M; +309.4% vs FY 2021 Q3
FY 2022 Q1$2,018M; −36.8% vs FY 2021 Q4
FY 2022 Q2$6,454M; +219.8% vs FY 2022 Q1
FY 2022 Q3$1,813M; −71.9% vs FY 2022 Q2
FY 2022 Q4$3,656M; +101.7% vs FY 2022 Q3
FY 2023 Q1$3,600M; −1.5% vs FY 2022 Q4
FY 2023 Q2$3,503M; −2.7% vs FY 2023 Q1
FY 2023 Q3$4,533M; +29.4% vs FY 2023 Q2
FY 2023 Q4$591M; −87.0% vs FY 2023 Q3
FY 2024 Q1$947M; +60.2% vs FY 2023 Q4
FY 2024 Q2$2,755M; +190.9% vs FY 2024 Q1
FY 2024 Q3$1,033M; −62.5% vs FY 2024 Q2
FY 2024 Q4$1,397M; +35.2% vs FY 2024 Q3
FY 2025 Q1$-727M; −152.0% vs FY 2024 Q4
FY 2025 Q2$1,944M; +367.4% vs FY 2025 Q1
FY 2025 Q3$1,662M; −14.5% vs FY 2025 Q2
FY 2025 Q4$1,888M; +13.6% vs FY 2025 Q3
FY 2026 Q1$208M; −89.0% vs FY 2025 Q4
FY 2026 Q2$9,141M; +4294.7% vs FY 2026 Q1

Net margin

%

9.88%
Marathon Petroleum Net margin. Reported fiscal history.
Fiscal period%
FY 2011 Q23.86%
FY 2011 Q35.5%
FY 2011 Q4-0.39%
FY 2012 Q12.94%
FY 2012 Q24.02%
FY 2012 Q35.82%
FY 2012 Q43.65%
FY 2018 Q24.77%
FY 2018 Q33.23%
FY 2018 Q42.94%
FY 2019 Q1-0.02%
FY 2019 Q23.3%
FY 2019 Q33.53%
FY 2019 Q41.42%
FY 2020 Q1-36.62%
FY 2020 Q20.06%
FY 2020 Q3-5.09%
FY 2020 Q41.59%
FY 2021 Q1-1.07%
FY 2021 Q228.74%
FY 2021 Q32.15%
FY 2021 Q42.19%
FY 2022 Q12.22%
FY 2022 Q210.92%
FY 2022 Q39.78%
FY 2022 Q48.34%
FY 2023 Q17.81%
FY 2023 Q26.12%
FY 2023 Q38.02%
FY 2023 Q44%
FY 2024 Q12.86%
FY 2024 Q24%
FY 2024 Q31.77%
FY 2024 Q41.12%
FY 2025 Q1-0.23%
FY 2025 Q23.6%
FY 2025 Q33.94%
FY 2025 Q44.71%
FY 2026 Q11.49%
FY 2026 Q29.88%

P/E

× · TTM · Daily

13.35×
Marathon Petroleum P/E. Monthly closing observations; inspect daily values with the chart arrow keys.
Close date× · TTM · DailyFinancials through
2012-03-306.48×2011-12-31
2012-04-306.22×2011-12-31
2012-05-315.39×2011-12-31
2012-06-296.71×2011-12-31
2012-07-317.07×2011-12-31
2012-08-317.16×2012-06-30
2012-09-287.55×2012-06-30
2012-10-317.6×2012-06-30
2012-11-307.92×2012-09-30
2012-12-318.38×2012-09-30
2013-01-319.88×2012-09-30
2013-02-2811.03×2012-09-30
2013-03-288.88×2012-12-31
2013-04-307.77×2012-12-31
2013-05-318.18×2012-12-31
2013-06-287.05×2012-12-31
2013-07-317.27×2012-12-31
2013-08-307.19×2012-12-31
2013-09-306.38×2012-12-31
2013-10-317.11×2012-12-31
2013-11-298.2×2012-12-31
2013-12-319.1×2012-12-31
2014-01-318.63×2012-12-31
2014-02-288.33×2012-12-31
2014-03-3113.09×2013-12-31
2014-04-3013.98×2013-12-31
2014-05-3013.44×2013-12-31
2014-06-3011.74×2013-12-31
2014-07-3112.55×2013-12-31
2014-08-2913.69×2013-12-31
2014-09-3012.73×2013-12-31
2014-10-3113.67×2013-12-31
2014-11-2813.55×2013-12-31
2014-12-3113.57×2013-12-31
2015-01-3013.92×2013-12-31
2015-02-2715.79×2013-12-31
2015-03-3115.4×2013-12-31
2015-04-3014.82×2013-12-31
2015-05-2915.56×2013-12-31
2015-06-3015.73×2013-12-31
2015-07-3116.44×2013-12-31
2015-08-3114.23×2013-12-31
2015-09-3013.93×2013-12-31
2015-10-3015.58×2013-12-31
2015-11-3017.57×2013-12-31
2015-12-3115.59×2013-12-31
2016-01-2912.57×2013-12-31
2016-02-297.8×2014-12-31
2016-03-318.47×2014-12-31
2016-04-298.9×2014-12-31
2016-05-317.93×2014-12-31
2016-06-308.65×2014-12-31
2016-07-298.97×2014-12-31
2016-08-319.68×2014-12-31
2016-09-309.25×2014-12-31
2016-10-319.93×2014-12-31
2016-11-3010.71×2014-12-31
2016-12-3011.47×2014-12-31
2017-01-3110.94×2014-12-31
2017-02-289.44×2015-12-31
2017-03-319.62×2015-12-31
2017-04-289.69×2015-12-31
2017-05-319.9×2015-12-31
2017-06-309.96×2015-12-31
2017-07-3110.66×2015-12-31
2017-08-319.98×2015-12-31
2017-09-2910.67×2015-12-31
2017-10-3111.37×2015-12-31
2017-11-3011.92×2015-12-31
2017-12-2912.56×2015-12-31
2018-01-3113.18×2015-12-31
2018-02-2812.19×2015-12-31
2018-03-2913.91×2015-12-31
2018-04-3014.26×2015-12-31
2018-05-3115.04×2015-12-31
2018-06-2913.35×2015-12-31
2018-07-3115.38×2015-12-31
2018-08-3115.66×2015-12-31
2018-09-2815.22×2015-12-31
2018-10-3113.41×2015-12-31
2018-11-3012.4×2015-12-31
2018-12-3111.23×2015-12-31
2019-01-3112.61×2015-12-31
2019-02-2811.8×2015-12-31
2019-03-2915.16×2018-12-31
2019-04-3015.42×2018-12-31
2019-05-3111.32×2019-03-31
2019-06-2813.75×2019-03-31
2019-07-3113.88×2019-03-31
2019-08-3011.76×2019-06-30
2019-09-3014.52×2019-06-30
2019-10-3115.28×2019-06-30
2019-11-2912.73×2019-09-30
2019-12-3112.64×2019-09-30
2020-01-3111.44×2019-09-30
2020-02-289.95×2019-09-30
2020-03-315.84×2019-12-31
2020-04-307.94×2019-12-31
2020-05-29—2020-03-31
2020-06-30—2020-03-31
2020-07-31—2020-03-31
2020-08-31—2020-06-30
2020-09-30—2020-06-30
2020-10-30—2020-06-30
2020-11-30—2020-09-30
2020-12-31—2020-09-30
2021-01-29—2020-09-30
2021-02-26—2020-09-30
2021-03-31—2020-12-31
2021-04-30—2020-12-31
2021-05-28—2021-03-31
2021-06-30—2021-03-31
2021-07-30—2021-03-31
2021-08-315.05×2021-06-30
2021-09-305.27×2021-06-30
2021-10-295.62×2021-06-30
2021-11-304.19×2021-09-30
2021-12-314.41×2021-09-30
2022-01-314.94×2021-09-30
2022-02-284.84×2021-12-31
2022-03-315.32×2021-12-31
2022-04-295.43×2021-12-31
2022-05-315.34×2022-03-31
2022-06-304.31×2022-03-31
2022-07-294.81×2022-03-31
2022-08-316.6×2022-06-30
2022-09-306.51×2022-06-30
2022-10-317.44×2022-06-30
2022-11-305.03×2022-09-30
2022-12-304.81×2022-09-30
2023-01-315.31×2022-09-30
2023-02-283.99×2022-12-31
2023-03-314.35×2022-12-31
2023-04-283.94×2022-12-31
2023-05-312.86×2023-03-31
2023-06-303.18×2023-03-31
2023-07-313.63×2023-03-31
2023-08-314.7×2023-06-30
2023-09-294.98×2023-06-30
2023-10-314.97×2023-06-30
2023-11-305.12×2023-09-30
2023-12-295.09×2023-09-30
2024-01-315.68×2023-09-30
2024-02-295.81×2023-09-30
2024-03-286.91×2023-09-30
2024-04-306.23×2023-09-30
2024-05-316.06×2023-09-30
2024-06-285.95×2023-09-30
2024-07-316.07×2023-09-30
2024-08-306.08×2023-09-30
2024-09-305.59×2023-09-30
2024-10-314.99×2023-09-30
2024-11-295.36×2023-09-30
2024-12-314.79×2023-09-30
2025-01-315×2023-09-30
2025-02-285.15×2023-09-30
2025-03-315×2023-09-30
2025-04-304.71×2023-09-30
2025-05-305.51×2023-09-30
2025-06-305.7×2023-09-30
2025-07-315.84×2023-09-30
2025-08-296.17×2023-09-30
2025-09-306.61×2023-09-30
2025-10-316.69×2023-09-30
2025-11-286.65×2023-09-30
2025-12-315.58×2023-09-30
2026-01-306.04×2023-09-30
2026-02-2714.71×2025-12-31
2026-03-3118.12×2025-12-31
2026-04-3018.43×2025-12-31
2026-05-2918.46×2025-12-31
2026-06-3018.98×2025-12-31
2026-07-3123.49×2025-12-31
2026-08-3112.67×2026-06-30
2026-09-2513.35×2026-06-30
Mean 9.47×Median 8.54×56% above median

ROIC

% · Annual / TTM

22.59%
Marathon Petroleum ROIC. Reported fiscal history.
Fiscal period% · Annual / TTM
FY 2011 Q2—
FY 2011 Q3—
FY 2011 Q4—
FY 2012 Q1—
FY 2012 Q225.01%
FY 2012 Q325.56%
FY 2012 Q434.06%
FY 2018 Q2—
FY 2018 Q3—
FY 2018 Q4—
FY 2019 Q1—
FY 2019 Q29.33%
FY 2019 Q310.18%
FY 2019 Q46.02%
FY 2020 Q1—
FY 2020 Q2—
FY 2020 Q3—
FY 2020 Q4—
FY 2021 Q1—
FY 2021 Q2—
FY 2021 Q3—
FY 2021 Q46.88%
FY 2022 Q19.3%
FY 2022 Q220.65%
FY 2022 Q326.69%
FY 2022 Q431.9%
FY 2023 Q136.48%
FY 2023 Q229.08%
FY 2023 Q325.95%
FY 2023 Q422.18%
FY 2024 Q118.69%
FY 2024 Q217.82%
FY 2024 Q313.45%
FY 2024 Q411.46%
FY 2025 Q19.54%
FY 2025 Q29.18%
FY 2025 Q310.94%
FY 2025 Q413.64%
FY 2026 Q114.39%
FY 2026 Q222.59%

Capital allocation

% of tracked cash uses

$4,009M
Marathon Petroleum capital allocation. Quarterly values. Missing values are unavailable.
PeriodCapexAcquisitionsBuybacksDividendsDebt repaymentsTracked uses
FY 2011 Q298.92% · $274MUnavailableUnavailableUnavailable1.08% · $3M100% · $277M
FY 2011 Q399.09% · $327MUnavailableUnavailableUnavailable0.91% · $3M100% · $330M
FY 2011 Q478.75% · $341MUnavailableUnavailable20.55% · $89M0.69% · $3M100% · $433M
FY 2012 Q124.74% · $309M0% · $0M68.05% · $850M6.97% · $87M0.24% · $3M100% · $1,249M
FY 2012 Q279.32% · $326MUnavailable0% · $0M20.68% · $85MUnavailable100% · $411M
FY 2012 Q373.56% · $331MUnavailable0% · $0M26.44% · $119MUnavailable100% · $450M
FY 2012 Q439.55% · $403MUnavailable49.07% · $500M11.38% · $116MUnavailable100% · $1,019M
FY 2018 Q239.35% · $711M0% · $0M48.98% · $885M11.68% · $211MUnavailable100% · $1,807M
FY 2018 Q344.47% · $849M23.73% · $453M20.95% · $400M10.84% · $207MUnavailable100% · $1,909M
FY 2018 Q422.46% · $1,263M59.9% · $3,369M12% · $675M5.64% · $317MUnavailable100% · $5,624M
FY 2019 Q150.04% · $1,241MUnavailable35.69% · $885M14.27% · $354MUnavailable100% · $2,480M
FY 2019 Q258.03% · $1,178MUnavailable24.63% · $500M17.34% · $352MUnavailable100% · $2,030M
FY 2019 Q358.82% · $1,404M5.66% · $135M20.95% · $500M14.58% · $348MUnavailable100% · $2,387M
FY 2019 Q479.13% · $1,551M0% · $0M3.32% · $65M17.55% · $344MUnavailable100% · $1,960M
FY 2020 Q173.8% · $1,062MUnavailable0% · $0M26.2% · $377MUnavailable100% · $1,439M
FY 2020 Q269.17% · $848MUnavailable0% · $0M30.83% · $378MUnavailable100% · $1,226M
FY 2020 Q352.63% · $420MUnavailable0% · $0M47.37% · $378MUnavailable100% · $798M
FY 2020 Q454.8% · $457M0% · $0M0% · $0M45.2% · $377MUnavailable100% · $834M
FY 2021 Q144.51% · $304MUnavailable0% · $0M55.49% · $379MUnavailable100% · $683M
FY 2021 Q218.12% · $302MUnavailable59.03% · $984M22.86% · $381MUnavailable100% · $1,667M
FY 2021 Q322.51% · $377M0% · $0M55.4% · $928M22.09% · $370MUnavailable100% · $1,675M
FY 2021 Q413.45% · $481M0% · $0M76.66% · $2,742M9.9% · $354MUnavailable100% · $3,577M
FY 2022 Q113.48% · $495MUnavailable77.53% · $2,846M8.99% · $330MUnavailable100% · $3,671M
FY 2022 Q212.02% · $498MUnavailable80.42% · $3,331M7.56% · $313MUnavailable100% · $4,142M
FY 2022 Q314.32% · $701M0% · $0M79.85% · $3,908M5.82% · $285MUnavailable100% · $4,894M
FY 2022 Q422.32% · $726M10.42% · $339M56.47% · $1,837M10.79% · $351MUnavailable100% · $3,253M
FY 2023 Q111.5% · $457M0% · $0M80.02% · $3,180M8.48% · $337MUnavailable100% · $3,974M
FY 2023 Q212.45% · $481M0% · $0M79.38% · $3,068M8.18% · $316MUnavailable100% · $3,865M
FY 2023 Q311.88% · $420M0% · $0M79.72% · $2,819M8.4% · $297MUnavailable100% · $3,536M
FY 2023 Q414.8% · $532M6.84% · $246M69.7% · $2,505M8.65% · $311MUnavailable100% · $3,594M
FY 2024 Q115.71% · $585M16.7% · $622M59.56% · $2,218M8.03% · $299MUnavailable100% · $3,724M
FY 2024 Q213.26% · $487M0% · $0M78.85% · $2,896M7.9% · $290MUnavailable100% · $3,673M
FY 2024 Q317.96% · $651M0% · $0M74.51% · $2,701M7.53% · $273MUnavailable100% · $3,625M
FY 2024 Q431.86% · $810M2.6% · $66M54.05% · $1,374M11.49% · $292MUnavailable100% · $2,542M
FY 2025 Q129.57% · $663M10.57% · $237M47.15% · $1,057M12.71% · $285MUnavailable100% · $2,242M
FY 2025 Q239.62% · $695M0% · $0M44.47% · $780M15.91% · $279MUnavailable100% · $1,754M
FY 2025 Q319.12% · $947M62.18% · $3,079M13.13% · $650M5.57% · $276MUnavailable100% · $4,952M
FY 2025 Q447.58% · $1,181M0% · $0M40.33% · $1,001M12.09% · $300MUnavailable100% · $2,482M
FY 2026 Q146.63% · $913MUnavailable38.3% · $750M15.07% · $295MUnavailable100% · $1,958M
FY 2026 Q229.58% · $1,186M0% · $0M63.18% · $2,533M7.23% · $290MUnavailable100% · $4,009M

Tracked cash uses · SBC excluded

Sources and calculations

Company filings · USD · Last checked 2026-10-18. Missing inputs remain unavailable. Your chart selection and layout are saved in this browser for Marathon Petroleum.

All charts share the selected dates. Quarterly/Yearly changes fiscal charts; valuation keeps completed daily closes on a published TTM basis. Later restatements can delay that basis. Historical mean, median and pricing labels use the selected range and do not estimate intrinsic fair value.

SBC deduction is an optional economic-cost scenario for FCF-based metrics. Missing SBC never becomes zero.

Revenue
Reported revenue from company filings.
Free cash flow
Operating cash flow − reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Reflects the SBC option and can differ from issuer-defined FCF.
Net margin
Reported net income / revenue × 100.
P/E
Completed closing price × diluted shares / TTM earnings attributable to common shareholders.
ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
Capital allocation
Reported cash uses as a percentage of tracked uses. Missing categories remain unavailable; SBC is noncash and excluded.
Reported revenue and sources