Financials · MPC

Marathon Petroleum Corporation (MPC) financials

For the twelve months ended Sep 30, 2026, Marathon Petroleum Corporation reported $174.80B of revenue and $14.63B of net income.

Revenue, TTM
$174.80B
Revenue growth, YoY
+31.2%
Net income, TTM
$14.63B
Net income growth, YoY
+407.5%
Net margin
8.4%
Free cash flow, TTM
$20.84B
EPS, diluted, TTM
$51.04
EPS growth, YoY
+435.6%
Cash
$12.80B
Total debt
$33.02B
P/E
6.94
P/S
0.58
Market cap
$101.49B
Annual revenue$132.70B
FY2016FY2025
Annual net income$4.05B
FY2016FY2025
Annual free cash flow$4.77B
FY2016FY2025

MPC revenue and earnings growth

MPC revenueQ3 2026$56.03B

Quarter YoY
+61.0%
QoQ
+7.8%
FY YoY
-4.4%
5Y CAGR
+13.7%
10Y CAGR
+6.3%

MPC revenue was $56.03B in fiscal Q3 2026 (ended Sep 30, 2026), up 61.0% from a year earlier and up 7.8% from the prior quarter. For the full fiscal 2025 it was $132.70B, down 4.4% from fiscal 2024. Compound annual growth was +13.7% over 5 years and +6.3% over 10 years. It rose in 5 of the last 10 fiscal years.

MPC net incomeQ3 2026$7.45B

Quarter YoY
+443.6%
QoQ
+44.9%
FY YoY
+17.5%
10Y CAGR
+3.6%

MPC net income was $7.45B in fiscal Q3 2026 (ended Sep 30, 2026), up 443.6% from a year earlier and up 44.9% from the prior quarter. For the full fiscal 2025 it was $4.05B, up 17.5% from fiscal 2024. Compound annual growth was +3.6% over 10 years. It rose in 2 of the last 4 fiscal years.

MPC EPSQ3 2026$26.59

Quarter YoY
+489.6%
QoQ
+50.0%
FY YoY
+31.2%
10Y CAGR
+9.7%

MPC diluted EPS was $26.59 in fiscal Q3 2026 (ended Sep 30, 2026), up 489.6% from a year earlier and up 50.0% from the prior quarter. For the full fiscal 2025 it was $13.22, up 31.2% from fiscal 2024. Compound annual growth was +9.7% over 10 years.

MPC free cash flowQ3 2026$9.61B

Quarter YoY
+477.9%
QoQ
+5.1%
FY YoY
-22.3%
10Y CAGR
+8.7%

MPC free cash flow was $9.61B in fiscal Q3 2026 (ended Sep 30, 2026), up 477.9% from a year earlier and up 5.1% from the prior quarter. For the full fiscal 2025 it was $4.77B, down 22.3% from fiscal 2024. Compound annual growth was +8.7% over 10 years. It rose in 1 of the last 4 fiscal years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$132.70B$138.86B$148.38B$177.45B$119.98B$69.78B$111.15B$86.09B$74.73B$63.28B
Cost of revenue$119.45B$126.24B$128.57B$151.67B$110.01B$65.73B$99.23B$77.05B$67.09B$56.68B
Gross profit$13.25B$12.62B$19.81B$25.78B$9.97B$4.05B$11.92B$9.04B$7.64B$6.60B
Selling, general and admin$3.35B$3.22B$3.04B$2.77B$2.54B$2.71B$3.19B$2.28B$1.69B$1.60B
Operating income$8.29B$6.80B$14.51B$21.47B$4.30B-$12.25B$4.46B$4.69B$4.02B$2.39B
Pre-tax income$7.01B$5.96B$13.99B$20.47B$2.82B-$13.61B$3.23B$3.70B$3.34B$1.82B
Income tax$1.14B$890.00M$2.82B$4.49B$264.00M-$2.43B$784.00M$764.00M-$460.00M$609.00M
Net income$4.05B$3.44B$9.68B$14.52B$9.74B-$9.83B$2.64B$2.78B$3.43B$1.17B
EPS, basic$13.24$10.11$23.73$28.31$15.34-$15.13$4.00$5.36$6.76$2.22
EPS, diluted$13.22$10.08$23.63$28.12$15.24-$15.13$3.97$5.28$6.70$2.21
Diluted shares306.0M341.0M409.0M516.0M638.0M649.0M664.0M526.0M512.0M530.0M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$3.67B$3.21B$5.45B$8.63B$5.29B$416.00M$1.40B$1.52B$2.85B$892.00M
Short-term investments$0$0$4.78B$3.15B$5.55B-----
Receivables$10.32B$11.14B$12.19B$13.48B$11.03B$5.76B$7.23B$5.85B$4.70B$3.62B
Inventory$10.13B$9.57B$9.32B$8.83B$8.05B$8.00B$9.80B$9.84B$5.55B$5.66B
Current assets$24.78B$24.45B$32.13B$35.24B$30.50B$28.29B$30.46B$18.02B$13.40B$10.40B
Goodwill$9.35B$8.24B$8.24B$8.24B$8.26B$8.26B$15.65B$15.83B$3.59B$3.59B
Total assets$83.95B$78.86B$85.99B$89.90B$85.37B$85.16B$98.56B$92.94B$49.05B$44.41B
Current liabilities$19.68B$20.83B$20.15B$20.02B$17.90B$15.66B$16.95B$13.22B$10.48B$7.15B
Short-term debt$2.37B$3.05B$1.95B$1.07B$571.00M$2.85B$704.00M$544.00M$624.00M$28.00M
Long-term debt$30.50B$24.43B$25.33B$25.63B$24.97B$28.73B$28.02B$26.98B$12.32B$10.54B
Total debt$32.88B$27.48B$27.28B$26.70B$25.54B$31.58B$28.72B$27.52B$12.95B$10.57B
Total liabilities$59.87B$54.35B$54.59B$54.82B$51.79B$54.94B$55.45B$47.89B$27.22B$23.21B
Shareholders' equity$17.31B$24.30B$30.50B$34.12B$32.62B$29.25B$42.14B$44.05B$20.83B$20.20B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$8.25B$8.66B$14.12B$16.36B$4.36B$2.42B$9.44B$6.16B$6.61B$4.02B
Capital expenditures$3.49B$2.53B$1.89B$2.42B$1.46B$2.79B$4.81B$3.18B$2.73B$2.89B
Free cash flow$4.77B$6.13B$12.23B$13.94B$2.90B-$368.00M$4.63B$2.98B$3.88B$1.13B
Investing cash flow-$5.87B$1.53B-$3.10B$623.00M$14.80B-$3.26B-$6.26B-$7.67B-$3.40B-$2.97B
Financing cash flow-$1.92B-$12.43B-$14.21B-$13.65B-$14.42B-$135.00M-$3.38B$222.00M-$1.09B-$1.29B
Dividends paid$1.14B$1.15B$1.26B$1.28B$1.48B$1.51B$1.40B$954.00M$773.00M$719.00M
Share repurchases$3.49B$9.19B$11.57B$11.92B$4.65B$0$1.95B$3.29B$2.37B$197.00M
Stock-based compensation$160.00M$137.00M$211.00M$153.00M$88.00M$100.00M$153.00M$127.00M$51.00M$45.00M
Depreciation and amortization$3.25B$3.34B$3.31B$3.21B$3.36B$3.38B$3.23B$2.17B$2.11B$2.00B

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY-4.4%-6.4%-16.4%47.9%71.9%-37.2%29.1%15.2%18.1%-12.2%
Net income growth, YoY17.5%-64.4%-33.3%49.1%---5.1%-19.0%192.3%-58.8%
EPS growth, YoY31.2%-57.3%-16.0%84.5%---24.8%-21.2%203.2%-58.0%
Gross margin10.0%9.1%13.4%14.5%8.3%5.8%10.7%10.5%10.2%10.4%
Operating margin6.2%4.9%9.8%12.1%3.6%-17.6%4.0%5.4%5.4%3.8%
Net margin3.0%2.5%6.5%8.2%8.1%-14.1%2.4%3.2%4.6%1.9%
Free cash flow margin3.6%4.4%8.2%7.9%2.4%-0.5%4.2%3.5%5.2%1.8%
Return on equity23.4%14.2%31.7%42.5%29.9%-33.6%6.3%6.3%16.5%5.8%
Return on assets4.8%4.4%11.3%16.1%11.4%-11.5%2.7%3.0%7.0%2.6%
Current ratio1.261.171.591.761.701.811.801.361.281.46
Debt to equity1.901.130.890.780.781.080.680.620.620.52

Source: XBRL data Marathon Petroleum Corporation files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Aug 3, 2015.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MPC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MPC$174.80B+31.2%$14.63B8.4%$101.49B
XOM$396.63B+19.0%$40.62B10.2%$676.62B
CVX$233.33B+20.0%$26.98B11.6%$420.07B
COP$67.75B+13.3%$11.56B17.1%$163.71B
BP$192.55B-1.1%$55.00M0.0%$116.56B
EQNR$106.46B+2.6%$5.04B4.7%$104.97B
VLO$153.33B+24.6%$12.95B8.4%$96.62B
PSX$168.19B+27.5%$12.58B7.5%$95.85B
SUC$52.38B-4.6%C$5.92B11.3%$80.39B

MPC FAQ

9 questions
  • What is MPC revenue?
    Marathon Petroleum Corporation (MPC) reported $174.80B of revenue for the twelve months ended Sep 30, 2026. That is up 31.2% from the year before. Revenue for fiscal 2025 was $132.70B.
  • Is MPC profitable?
    Yes. Marathon Petroleum Corporation earned $14.63B in net income for the twelve months ended Sep 30, 2026, a net margin of 8.4%.
  • How much cash and debt does MPC have?
    Marathon Petroleum Corporation reported $12.80B in cash and cash equivalents and $33.02B of debt on its most recent balance sheet in SEC filings.
  • How fast is MPC revenue growing?
    Marathon Petroleum Corporation's revenue changed -4.4% in fiscal 2025, to $132.70B. Its compound annual growth rate was +13.7% over 5 years and +6.3% over 10 years.
  • What is MPC gross margin?
    Marathon Petroleum Corporation's gross profit was $27.82B on $174.80B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 15.9%.
  • What is MPC free cash flow?
    Marathon Petroleum Corporation generated $20.84B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $25.25B less capital expenditures.
  • What is MPC earnings per share?
    Diluted earnings per share were $51.04 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MPC last report financial results?
    The latest statements here come from Marathon Petroleum Corporation's 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this MPC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Marathon Petroleum Corporation files with the SEC. It is provided for information only and is not investment advice.