MPC

MARATHON PETROLEUM
D

MPC

Arincen79/100B

If you had invested in MARATHON PETROLEUM ago, it would be worth $12,185 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

79/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth7.5

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

MARATHON PETROLEUM key facts

Style
Growth stock · 9.5/10Growth 9.5 · Value 9.4 · Dividend 3.4
Day range
368.08 – 381.12
52-week range
161.93 – 493.98
Market capitalization
104.66B USD
P/E
7.28
PEG ratio
0.23
EPS
51.20
Div Yield
1.18%
EPS growth forecast (FY2026)
+526.6%
Volume
0
Beta
0.53
ESG score
68.4/100Environment 65 · Social 66 · Governance 74
Sector
Energy
Industry
Oil & Gas Refining & Marketing
CEO
Maryann T. Mannen
Employees
19K
IPO date
24 Jun 2011

MARATHON PETROLEUM earnings

Next earnings · Q4 FY2026
EPS estimate
22.21 USD
Revenue estimate
47.06B USD
Last quarter · Q3 FY2026
EPS26.93Beat +6.1%Revenue56.49BBeat +21.2%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY202716.38——-39.19%45.07B——-20.21%
Q2 FY202717.85——+0.69%47.45B——-9.33%
Q1 FY202715.68——+850.33%46.84B——+35.50%
Q4 FY202622.21——+445.70%47.06B——+40.80%
Q3 FY202625.3726.93+6.15%+794.68%46.60B56.49B+21.20%+62.28%
Q2 FY202614.2717.73+24.25%+347.73%40.87B52.34B+28.07%+54.85%
Q1 FY20260.741.65+123.27%—33.42B34.57B+3.44%+8.53%
Q4 FY20252.724.07+49.63%+428.57%31.08B33.42B+7.52%-0.13%
Q3 FY20253.153.01-4.44%+60.96%33.45B34.81B+4.05%-1.59%
Q2 FY20253.243.96+22.22%-3.88%33.32B33.80B+1.43%-10.49%

MARATHON PETROLEUM analyst forecast

12-month price target
445.20 USD
+19.46%

Analysts' 1-year price targets range from 321.00 to 564.00, with an average of 445.20.

Past year
1-year forecast
Strong sellStrong buy
Buy
15 ratings
Buy
10
Hold
5
Sell
0

12-month price target

Highest target564.00
Average target445.20
Lowest target321.00
Current price372.69

MARATHON PETROLEUM valuation

Price to earnings ratio (TTM)
7.28
Forward P/E (FY2026)
5.51
Price to sales (TTM)
0.60
Price to book
4.51
EV / EBITDA (TTM)
4.99

Capital structure

Market capitalization
104.66B USD
+
Total debt
34.45B USD
−
Cash and short-term investments
13.61B USD
=
Enterprise value
125.51B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)12.21————
FY2027 (est.)6.1612.21———
FY2026 (est.)5.516.16———
Now (TTM)7.286.050.604.514.99
FY202512.262.400.372.866.88
FY202413.7814.540.342.686.90
FY20236.2416.950.412.474.50
FY20224.115.310.342.153.17
FY202123.612.520.341.558.35

MARATHON PETROLEUM against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Valero Energy, Phillips 66, and HF Sinclair, the US Oil & Gas Refining & Marketing companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median7.3
    3.145.7
  • Gross marginAt its median7.5%
    5.5%12.7%
    Against its peers: 1 of 4Peers' median 4.9%
  • Operating marginAt its median4.3%
    3.6%10.7%
    Against its peers: 1 of 4Peers' median 3.5%
  • Net marginBelow its median3.0%
    2.5%8.2%
    Against its peers: 2 of 4Peers' median 2.2%
  • Return on equityBelow its median23.4%
    19.4%52.4%
    Against its peers: 1 of 4Peers' median 9.9%
  • Free cash flow marginBelow its median3.6%
    2.4%8.2%
    Against its peers: 2 of 4Peers' median 3.2%
  • Revenue growthAt its median-4.4%
    -16.4%71.9%
    Against its peers: 1 of 4Peers' median -6.0%
  • EPS growthAbove its median31.5%
    -57.3%945.4%
    Against its peers: 3 of 4Peers' median 116.2%
  • Debt to EBITDAAbove its median2.94×
    1.12×3.61×
    Against its peers: 4 of 4Peers' median 1.74×
  • Current ratioBelow its median1.26
    1.171.76
    Against its peers: 4 of 4Peers' median 1.65

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

MARATHON PETROLEUM growth and profitability

Revenue (TTM)
175.17B USD
Net income (TTM)
14.63B USD
Gross margin
15.62%
Operating margin
12.00%
Net margin
8.35%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY2025132.70B-4.44%4.05B+17.47%7.54%4.35%3.05%11.68B+10.15%
FY2024138.86B-6.41%3.45B-64.41%6.69%3.78%2.48%10.60B-42.88%
FY2023148.38B-16.38%9.68B-33.31%11.12%8.48%6.52%18.56B-25.40%
FY2022177.45B+47.90%14.52B+49.07%12.72%10.69%8.18%24.88B+234.08%
FY2021119.98B+71.95%9.74B—5.51%3.58%8.12%7.45B—

MARATHON PETROLEUM revenue breakdown

By product

FY2025
Refining And Marketing: 93.6%Midstream: 4.2%Renewable Diesel: 2.1%93.6%Refining And Marketing4.2%Midstream2.1%Renewable Diesel
SegmentRevenueShare of revenueChange on the year
Refining And Marketing124.25B93.6%-5.6%
Midstream5.63B4.2%+8.3%
Renewable Diesel2.80B2.1%+35.0%

By region

FY2025
100.0%Midstream
RegionRevenueShare of revenueChange on the year
Midstream11.53B100.0%—

How MARATHON PETROLEUM makes its money

Refining And Marketing124.25B 93.6%
Midstream5.63B 4.2%
Renewable Diesel2.80B 2.1%
Revenue132.70B 100.0%
Cost of revenue122.70B 92.5%
Gross profit10.00B 7.5%
Selling and administration3.35B 2.5%
Other operating expenses885.00M 0.7%
Operating income5.77B 4.3%
Tax1.14B 0.9%
Other expense584.00M 0.4%
Net income4.05B 3.0%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

MARATHON PETROLEUM dividends

Annual dividend
4.40 USD
Dividend yield (indicated)
1.18%
Payout ratio
9.96%
Years of dividend growth
5
Frequency
Quarterly
Next payment
1.10 USD
Next ex-dividend date
18 Nov 2026
Next payment date
10 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share3.733.393.082.492.322.322.121.841.521.36

MARATHON PETROLEUM financial health

Cash and short-term investments
13.61B USD
Total debt
34.45B USD
Net cash
-20.85B USD
Free cash flow (TTM)
20.84B USD
Current ratio
1.45
Debt to equity
1.48
Piotroski score
8 / 9
Altman Z-score
4.18

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20253.67B34.36B4.77B
FY20243.21B28.76B6.13B
FY202310.22B28.50B12.23B
FY202211.77B27.91B13.94B
FY202110.84B26.90B2.90B

MARATHON PETROLEUM ownership

Institutions
75.12%
Institutional holders
2,014 (+54)
Free float
99.68%

Who owns the shares

Institutions 75.1% Others 24.9%
As of 30 Jun 2026

Shares free to trade

Free float 279.92M shares ·99.7% Closely held 901.45K shares ·0.3%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q3 20260612.20K33.61K
Q2 20260312.24K12.30K
Q1 20260630.83K21.25K
Q4 2025000.001.00K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025305.00M305.00M-10.56%
FY2024341.00M341.00M-16.63%
FY2023407.00M409.00M-20.74%
FY2022512.00M516.00M-19.12%
FY2021634.00M638.00M-1.69%

Source: Financial Modeling Prep

Related Instruments

Title: MARATHON PETROLEUM Corp

Sector: Energy
Industry: Oil & Gas Refining & Marketing
Marathon Petroleum is a leading integrated downstream and midstream energy company that operates 13 refineries in the Gulf Coast, midcontinent, and West Coast regions of the United States with an aggregate crude oil refining capacity of 3.0 million barrels per day. The company is one of the largest producers of renewable diesel in the US; its Dickinson, North Dakota, facility has the capacity to produce 184 million gallons per year, and its Martinez, California, joint venture facility (a 50/50 partnership with Neste) reached its full capacity of 730 million gallons per year in late 2024. Marathon also owns the general partner and approximately 64% of MPLX LP, a large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets.

Common questions about MARATHON PETROLEUM stock

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