Marathon Petroleum price to free cash flow MPC

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: 10.0×
10-year median: 11.6×
Against its 10-year history: 46th; percentile: 0 is its lowest day, 100 its highest
10-year range: 2.9× to 247×
Peer median: 13.5×

Marathon Petroleum's price to free cash flow is 10.0× as of Oct 23, 2026.

That is below its ten-year median of 11.6×, close to the middle of its last ten years.

Over that time it ranged from 2.9× in May 2023 to 247× in Aug 2020.

The median for 3 oil refiners of a similar size is 13.5×.

Price to free cash flow over time

median 11.6×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	10.0×	6.5×	16.2×
2025	11.5×	6.2×	16.6×
2024	8.2×	3.8×	9.6×
2023	3.7×	2.9×	4.9×
2022	4.0×	3.7×	87.1×
2021	68.6×	11.7×	70.6×
2020	190×	3.0×	247×
2019	8.4×	7.9×	16.6×
2018	13.2×	7.8×	16.1×
2017	14.8×	13.0×	46.8×
2016	28.4×	8.8×	28.7×
2015	15.0×	8.2×	17.6×
2014	9.5×	8.4×	32.4×
2013	9.1×	4.5×	15.7×
2012	11.6×	8.0×	12.0×

Against its peers

Companies in Oil & Gas Refining & Marketing nearest Marathon Petroleum's size, closest first, today.

Company	Price to free cash flow
MPCMarathon Petroleum	10.0×
VLOValero Energy	n/m
PSXPhillips 66	17.7×
DINOHF Sinclair	9.4×
Peer median	13.5×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Marathon Petroleum

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.