Marathon Petroleum Corporation MPC

Oil & Gas Refining & Marketing, Energy

$442.26

+2.29%

Market cap: $124.2B
PE: 15.2×; 10y median 10.4×
Forward PE
Price to sales: 0.8×
EV/EBIT: 10.8×
Revenue, 12 months: $153.6B; +15% on a year ago
Net margin: 5.6%
Free cash flow yield: 10.4%

Marathon Petroleum trades at 15.2× trailing earnings, pricier than 71% of the last ten years. Revenue was $153.6B over the last twelve months, up 15% on a year earlier with a 6% net margin.

Charts

Financials

Income statement for MPC, by quarter
Income statement	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
	$36.3B	$32.7B	$37.9B	$35.1B	$33.1B−9%	$31.5B−4%	$33.8B−11%	$34.8B−1%	$32.6B−2%	$34.2B+9%	$52B+54%
Cost of revenue	$32.6B	$29.6B	$33.9B	$32.1B	$30.6B−6%	$29.4B−1%	$30B−12%	$31.2B−3%	$28.9B−6%	$31.3B+7%	$43.1B+43%
Gross profit	$2.8B	$2.3B	$3.1B	$2.1B	$1.8B−38%	$1.4B−40%	$3B−5%	$2.8B+31%	$2.9B+65%	$3.3B+142%	$8.9B+199%
SG&A	$820M	$779M	$823M	$815M	$804M−2%	$783M+1%	$867M+5%	$863M+6%	$836M+4%	$867M+11%	$894M+3%
	$2.4B	$1.8B	$2.5B	$1.3B	$1.1B−52%	$687M−62%	$2.2B−13%	$2.7B+101%	$2.7B+136%	$1.4B+104%	$7.3B+233%
Interest expense	$323M	$330M	$341M	$351M	$322M−0%	$345M+5%	$344M+1%	$341M−3%	$378M+17%	$398M+15%	$433M+26%
Pre-tax income	$2.3B	$1.6B	$2.3B	$1.1B	$896M−61%	$383M−76%	$1.9B−19%	$2.4B+113%	$2.4B+162%	$1B+170%	$7B+272%
	$407M	$293M	$373M	$113M	$111M−73%	$37M−87%	$268M−28%	$460M+307%	$372M+235%	$183M+395%	$1.4B+439%
Net income	$1.5B	$937M	$1.5B	$622M	$371M−74%	−$74M	$1.2B−20%	$1.4B+120%	$1.5B+314%	$511M	$5.1B+323%
	$3.84	$2.58	$4.33	$1.87	$1.16−70%	−$0.24	$3.96−9%	$4.51+141%	$5.13+342%	$1.73	$17.73+348%
	377M	362M	350M	332M	321M−15%	313M−14%	307M−12%	304M−8%	299M−7%	295M−6%	290M−6%

From each company's 10-Q and 10-K filings. Fiscal years are four fiscal quarters added up; balance sheet lines are as of the period's end. Growth is on the same period a year earlier.

Estimates

Next earnings report: Nov 3, 2026.

Analyst consensus for the next eight quarters, with the range from the lowest to the highest estimate, is part of Superworth Pro.

Peers

Companies in Oil & Gas Refining & Marketing within ten times Marathon Petroleum's size, closest in size first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
MPCMarathon Petroleum Corporation	$124.2B	15.2×	10.4×	0.8×	+15%	5.6%
VLOValero Energy Corporation	$122.1B	17.6×	13.0×	0.9×	+13%	5.2%
PSXPhillips 66	$108.4B	15.5×	11.7×	0.7×	+14%	4.7%
DINOHF Sinclair Corporation	$20.6B	11.0×	9.7×	0.7×	+16%	6.1%
Peer median	$108.4B	15.5×	11.7×	0.7×	+14%	5.2%

About

Industry: Oil & Gas Refining & Marketing
Sector: Energy

Valuation data, not investment advice. Prices as of Oct 7, 2026.

Income statement

$36.3B

$32.7B

$37.9B

$35.1B

$33.1B−9%

$31.5B−4%

$33.8B−11%

$34.8B−1%

$32.6B−2%

$34.2B+9%

$52B+54%

Cost of revenue

$32.6B

$29.6B

$33.9B

$32.1B

$30.6B−6%

$29.4B−1%

$30B−12%

$31.2B−3%

$28.9B−6%

$31.3B+7%

$43.1B+43%

Gross profit

$2.8B

$2.3B

$3.1B

$2.1B

$1.8B−38%

$1.4B−40%

$3B−5%

$2.8B+31%

$2.9B+65%

$3.3B+142%

$8.9B+199%

SG&A

$820M

$779M

$823M

$815M

$804M−2%

$783M+1%

$867M+5%

$863M+6%

$836M+4%

$867M+11%

$894M+3%

$2.4B

$1.8B

$2.5B

$1.3B

$1.1B−52%

$687M−62%

$2.2B−13%

$2.7B+101%

$2.7B+136%

$1.4B+104%

$7.3B+233%

Interest expense

$323M

$330M

$341M

$351M

$322M−0%

$345M+5%

$344M+1%

$341M−3%

$378M+17%

$398M+15%

$433M+26%

Pre-tax income

$2.3B

$1.6B

$2.3B

$1.1B

$896M−61%

$383M−76%

$1.9B−19%

$2.4B+113%

$2.4B+162%

$1B+170%

$7B+272%

$407M

$293M

$373M

$113M

$111M−73%

$37M−87%

$268M−28%

$460M+307%

$372M+235%

$183M+395%

$1.4B+439%

Net income

$1.5B

$937M

$1.5B

$622M

$371M−74%

−$74M

$1.2B−20%

$1.4B+120%

$1.5B+314%

$511M

$5.1B+323%

$3.84

$2.58

$4.33

$1.87

$1.16−70%

−$0.24

$3.96−9%

$4.51+141%

$5.13+342%

$1.73

$17.73+348%

377M

362M

350M

332M

321M−15%

313M−14%

307M−12%

304M−8%

299M−7%

295M−6%

290M−6%

Company

Market cap

Its 10y median PE

Fwd PE

P/S

Revenue growth

Net margin

MPCMarathon Petroleum Corporation

$124.2B

15.2×

10.4×

0.8×

+15%

5.6%

VLOValero Energy Corporation

$122.1B

17.6×

13.0×

0.9×

+13%

5.2%

PSXPhillips 66

$108.4B

15.5×

11.7×

0.7×

+14%

4.7%

DINOHF Sinclair Corporation

$20.6B

11.0×

9.7×

0.7×

+16%

6.1%

Peer median

$108.4B

15.5×

11.7×

0.7×

+14%

5.2%