Marathon Petroleum profit margin MPC
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 5.6%
- Operating margin, 12 months
- 9.2%
- Net margin on a year earlier
- +4.0 pts
- Peer median
- 5.2%
Over the twelve months to Jun 30, 2026, Marathon Petroleum kept 5.6% of its revenue as net profit, with an operating margin of 9.2% and a gross margin of 12.5%.
Five years earlier its net margin was 8.7%.
The median for 3 oil refiners of a similar size is 5.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 3.0% | 6.2% | 10.0% |
| FY2024 | 2.5% | 4.9% | 9.1% |
| FY2023 | 6.5% | 9.8% | 13.4% |
| FY2022 | 8.2% | 12.1% | 14.5% |
| FY2021 | 8.1% | 3.6% | 8.3% |
| FY2020 | −14.1% | −17.6% | 5.8% |
| FY2019 | 2.4% | 4.0% | 11.8% |
| FY2018 | 2.9% | 5.8% | 10.8% |
| FY2017 | 4.6% | 5.3% | n/a |
| FY2016 | 1.9% | 3.8% | n/a |
| FY2015 | 3.9% | 6.5% | n/a |
| FY2014 | 2.6% | 4.1% | n/a |
| FY2013 | 2.1% | 3.4% | n/a |
| FY2012 | 4.1% | 6.5% | n/a |
| FY2011 | 3.0% | 4.8% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 5.6% | +4.0 pts | 9.2% | |
| Q1 FY26 | 3.4% | +1.7 pts | 6.7% | |
| Q4 FY25 | 3.0% | +0.6 pts | 6.2% | |
| Q3 FY25 | 2.2% | −1.0 pts | 5.1% | |
| Q2 FY25 | 1.6% | −3.3 pts | 4.0% | |
| Q1 FY25 | 1.8% | −3.6 pts | 4.1% | |
| Q4 FY24 | 2.5% | −4.0 pts | 4.9% | |
| Q3 FY24 | 3.2% | −4.4 pts | 5.7% | |
| Q2 FY24 | 4.9% | −3.3 pts | 7.8% | |
| Q1 FY24 | 5.4% | −4.0 pts | 8.4% | |
| Q4 FY23 | 6.5% | −1.7 pts | 9.8% | |
| Q3 FY23 | 7.6% | +0.7 pts | 11.1% |
Against its peers
Companies in Oil & Gas Refining & Marketing nearest Marathon Petroleum's size, closest first, today.
| Company | Profit margin |
|---|---|
| MPCMarathon Petroleum | 5.6% |
| VLOValero Energy | 5.2% |
| PSXPhillips 66 | 4.7% |
| DINOHF Sinclair | 6.1% |
| Peer median | 5.2% |
Where Marathon Petroleum ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Marathon Petroleum
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.