Marathon Petroleum MPC
- Market cap
- $128.4B
- PE
- 15.7×
- 10y median 11.3×
- Forward PE
- 6.0×
- 10y median 14.4×
- Price to sales
- 0.8×
- EV/EBIT
- 11.1×
- Revenue, 12 months
- $153.6B
- +15% on a year ago
- Net margin
- 5.6%
- Free cash flow yield
- 10.0%
Marathon Petroleum trades at 15.7× trailing earnings, pricier than 68% 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 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $40.9B−11% | $36.3B−9% | $32.7B−6% | $37.9B+4% | $35.1B−14% | $33.1B−9% | $31.5B−4% | $33.8B−11% | $34.8B−1% | $32.6B−2% | $34.2B+9% | $52B+54% | |
| Cost of revenue | $34.9B−10% | $32.6B−3% | $29.6B+1% | $33.9B+7% | $32.1B−8% | $30.6B−6% | $29.4B−1% | $30B−12% | $31.2B−3% | $28.9B−6% | $31.3B+7% | $43.1B+43% |
| Gross profit | $6B−14% | $3.7B−41% | $3.1B−44% | $4B−13% | $3B−51% | $2.6B−30% | $2.2B−31% | $3.8B−5% | $3.6B+22% | $3.7B+44% | $2.9B+36% | $8.9B+137% |
| SG&A | $824M+16% | $820M+8% | $779M+13% | $823M+17% | $815M−1% | $804M−2% | $783M+1% | $867M+5% | $863M+6% | $836M+4% | $867M+11% | $894M+3% |
| $4.8B−29% | $2.4B−50% | $1.8B−56% | $2.5B−24% | $1.3B−72% | $1.1B−52% | $687M−62% | $2.2B−13% | $2.7B+101% | $2.7B+136% | $1.4B+104% | $7.3B+233% | |
| Interest expense | $118M−51% | $111M−40% | $179M+16% | $194M+37% | $221M+87% | $245M+121% | $304M+70% | $319M+64% | $310M+40% | $343M+40% | $370M+22% | $340M+7% |
| Pre-tax income | $4.6B−28% | $2.3B−50% | $1.6B−59% | $2.3B−26% | $1.1B−76% | $896M−61% | $383M−76% | $1.9B−19% | $2.4B+113% | $2.4B+162% | $1B+170% | $7B+272% |
| $1B−30% | $407M−59% | $293M−64% | $373M−36% | $113M−89% | $111M−73% | $37M−87% | $268M−28% | $460M+307% | $372M+235% | $183M+395% | $1.4B+439% | |
| Net income | $3.3B−27% | $1.5B−56% | $937M−66% | $1.5B−32% | $622M−81% | $371M−74% | −$74M | $1.2B−20% | $1.4B+120% | $1.5B+314% | $511M | $5.1B+323% |
| $8.28−9% | $3.85−46% | $2.58−58% | $4.33−19% | $1.87−77% | $1.16−70% | −$0.24 | $3.96−9% | $4.51+141% | $5.11+341% | $1.73 | $17.73+348% | |
| 396M−20% | 376M−20% | 362M−19% | 350M−17% | 332M−16% | 320M−15% | 313M−14% | 307M−12% | 304M−8% | 300M−6% | 295M−6% | 290M−6% |
Gross profit: 34 periods, Q1 FY18 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: Q4 FY10: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 7 periods, Q3 FY11 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q2 FY10 and Q3 FY10: not printed by the filing, worked out from its own lines. Q4 FY11: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. 14 periods, Q4 FY12 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $46.6B | $35.7B to $55.5B | $25.37 | $23.56 to $26.35 | 11 |
| Q4 FY26 | $45.6B | $32.3B to $55.7B | $21.04 | $16.32 to $26.26 | 11 |
| Q1 FY27 | $44.6B | $27.6B to $57.9B | $15.12 | $7.61 to $20.97 | 4 |
| Q2 FY27 | $45B | $27.8B to $58.4B | $17.02 | $8.57 to $23.61 | 4 |
| Q3 FY27 | $45.9B | $28.4B to $59.5B | $16.01 | $8.06 to $22.21 | 7 |
| Q4 FY27 | $41.6B | $25.7B to $53.9B | $11.24 | $5.66 to $15.59 | 4 |
| Q1 FY28 | $39.2B | $24.2B to $50.8B | $9.09 | $4.58 to $12.61 | 5 |
| Q2 FY28 | $42.2B | $26.1B to $54.7B | $11.22 | $5.65 to $15.56 | 6 |
Peers
Companies in Oil & Gas Refining & Marketing nearest Marathon Petroleum's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| MPCMarathon Petroleum | $128.4B | 15.7× | 11.3× | 6.0× | 0.8× | +15% | 5.6% |
| VLOValero Energy | $120.7B | 17.4× | 13.0× | 6.7× | 0.9× | +13% | 5.2% |
| PSXPhillips 66 | $113B | 16.2× | 14.2× | 7.3× | 0.7× | +14% | 4.7% |
| DINOHF Sinclair | $21.6B | 11.6× | 9.8× | 5.6× | 0.7× | +16% | 6.1% |
| Peer median | $113B | 16.2× | 13.0× | 6.7× | 0.7× | +14% | 5.2% |
Investors who own it
Investors we follow who held Marathon Petroleum at the end of Jun 30, 2026, from their 13F filings.
- Bill NygrenHarris Associates (Oakmark)0.1% of portfoliotrimmed
More on Marathon Petroleum
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #1of 22Energy stocks with the lowest PEG ratio
- #2of 29Energy stocks with the lowest forward PE
- #5of 28Energy stocks with the fastest expected revenue growth
Its groups
About
- Industry
- Oil & Gas Refining & Marketing
- Sector
- Energy
Valuation data, not investment advice. Prices as of .