Marathon Petroleum Corporation

US$372.74As of Sun 8 Nov 2026, 12:00 UTC

NYSE:MPCEnergy

Country USA

PE (Fwd) •••

TSR 10Y CAGR 27.63%

Div yield 1.18%

ROE 60.46%

Oil & Gas Refining & Marketing

Beta (5Y) 0.51

PE TTM 7.424

TSR TTM 94.43%

Mkt cap US$101.5B

ROIC 31.42%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$435

16.78%

70.20%

Hold 3|5|1|5|7

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

8.799

Revenue$B

16.69

17.43

18.17

18.46

19.29

19.98

20.51

20.66

20.76

20.74

9.727

1.47%

2.65%

4.58

Revenue growth%

34.40

31.95

33.99

33.03

31.77

33.44

30.93

31.37

31.35

29.09

9.19

31.35

31.86

8.48

Gross margin%

6.20

5.24

5.08

7.80

10.75

12.89

13.50

11.68

12.59

12.46

5.81

12.59

11.21

3.87

Operating margin%

2.32

0.47

2.31

1.17

1.33

2.99

0.86

2.00

0.40

9.44

0.86

1.25

15.71

Net margin%

25.77

28.04

27.73

29.04

26.86

29.08

29.84

27.82

28.90

29.03

5.01

29.03

28.47

17.12

P/E ratio (avg)x

24.73

22.51

20.33

20.18

20.52

21.82

19.83

18.88

17.68

18.78

18.62

18.88

20.25

8.169

EV/EBITx

34.66

31.85

32.25

34.48

36.89

32.96

31.90

32.38

29.38

27.07

25.30

31.90

32.32

13.76

FCF yield (avg)%

9.93

10.83

9.98

12.03

9.31

9.34

6.70

7.52

9.02

8.90

21.51

8.90

9.32

8.84

FCF margin%

20.51

22.86

20.26

20.37

23.18

25.53

23.49

21.06

23.21

24.59

20.92

23.49

23.02

1.040

FCF / Net incomex

2.567

2.930

3.281

3.461

3.563

3.648

3.672

3.955

4.544

4.669

1.347

3.955

3.606

16.99

ROIC%

28.62

30.65

27.90

25.55

24.22

26.75

24.19

23.30

22.91

21.86

4.14

23.30

24.88

17.04

Return on equity%

9.89

9.94

9.76

10.57

8.90

9.43

11.36

12.72

10.91

11.62

21.10

11.36

10.25

15.77

Return on assets%

27.41

29.11

26.84

24.40

25.16

23.59

20.87

21.64

19.61

20.07

29.80

20.87

24.00

46.01

EPS$

31.13

28.98

32.33

34.32

34.19

37.87

39.26

41.55

40.77

39.11

47.45

2.73%

3.25%

—

12.34

EPS growth%

11.89

11.26

10.79

11.08

13.21

11.08

11.39

10.05

10.37

9.57

26.95

10.37

11.08

41.48

Bookvalue per sh$

47.77

48.94

55.85

56.38

55.75

64.03

75.81

73.19

80.83

81.09

43.86

7.78%

6.12%

—

9.08

FCF per share$

27.11

29.02

28.71

26.59

28.22

26.61

25.00

27.41

29.97

29.37

22.33

0.80%

1.88%

—

17.47

Dividend per sh$

17.25

18.03

16.84

15.96

17.47

18.06

17.31

18.25

17.83

16.41

13.69

(1.25%)

0.22%

—

15.52

Div yield (avg)%

5.69

6.32

6.34

7.47

6.90

6.39

7.66

7.43

9.30

7.90

3.56

7.66

7.16

8.55

Payout ratio%

27.93

25.76

25.81

24.32

21.70

20.34

20.69

20.05

22.64

25.00

22.09

20.69

23.48

278.3

Shares (diluted)M

275.7

293.8

290.0

303.1

290.8

274.3

280.2

266.5

292.5

290.5

266.7

(0.02%)

1.02%

19.42

Buyback yield%

7.06

6.57

5.61

4.27

2.71

0.54

0.42

0.63

0.87

1.83

16.99

0.63

2.27

0.153

D/E ratiox

0.281

0.250

0.232

0.208

0.213

0.205

0.219

0.224

0.210

0.186

1.182

0.210

0.216

6.968

Enterprise value$B

13.06

13.68

12.08

12.46

11.86

11.41

10.33

10.26

10.33

10.53

17.84

(2.35%)

(2.15%)

5.996

LT debt$B

7.098

7.436

6.615

5.734

4.936

5.109

4.488

4.909

4.458

4.516

12.91

(1.76%)

(4.12%)

Peers (US$101.5B)

Cap (US$)

Valero Energy Corporat…

96.62B

7.922x

Phillips 66

95.85B

7.887x

HF Sinclair Corporation

16.65B

4.989x

Equinor ASA

98.93B

8.578x

Capital

TTM

10Y

Leveragex

0.569

0.202

0.191

EBIT/Intx

4.933

2.891

3.000

Own earn%

78.95

34.67

35.43

Sh yield%

34.93

8.08

9.95

Owners

Insiders/Inst%

3.67

50.57

Short interest%

1.73

SBC / revenue%

1.02

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–3

$1 testx

0.2

Incr. ROIC%

Marathon Petroleum Corporation is a US downstream energy company that refines crude oil into gasolines, heavy fuel oil, asphalt, propane and petrochemicals, sold to wholesale customers in the US and internationally, spot buyers, Marathon outlets and ARCO dealers. It also operates midstream crude, refined product, natural gas and natural gas liquids logistics and produces renewable diesel for wholesale, spot and ARCO dealers.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$20.74B

2.65%

1.00×

Cost of revenue

$10.90B

2.28%

0.96×

Operating expenses

$4.332B

2.96%

1.03×