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Marathon Petroleum MPC

US equityMarket cap rank #139Oil & Gas Refining & MarketingESG Investing
$397.15
+$8.77 (+2.26%)
Market open · Sep 24, 1:10 pm ET
After hours $388.99 +0.16%
Open$393.15
Prev close$388.38
Day range$387.74 – $401.09
Volume884.7K
Market cap$111.53B
P/E (TTM)13.8
Dividend yield0.98%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$51.99B+53.8% YoY
Operating profit$6.98B+268.3% YoY
Net profit$5.54B+244.0% YoY
Diluted EPS$17.73+347.7% YoY
Free cash flow$9.14B+370.2% YoY
Operating cash flow$10.33B

Revenue, last 8 quarters

$35.1BSep '24$33.1BDec '24$31.5BMar '25$33.8BJun '25$34.8BSep '25$32.6BDec '25$34.2BMar '26$52.0BJun '26

Net profit, last 8 quarters

$1.0BSep '24$785.0MDec '24$346.0MMar '25$1.6BJun '25$1.9BSep '25$2.0BDec '25$851.0MMar '26$5.5BJun '26

Diluted EPS by quarter

1.87Sep '241.15Dec '24-0.24Mar '253.96Jun '254.51Sep '255.12Dec '251.73Mar '2617.73Jun '26

Free cash flow by quarter

$1.0BSep '24$1.4BDec '24$-727.0MMar '25$1.9BJun '25$1.7BSep '25$1.9BDec '25$208.0MMar '26$9.1BJun '26

Annual revenue

$69.8BFY20$120.0BFY21$177.5BFY22$148.4BFY23$138.9BFY24$132.7BFY25

Profitability & balance sheet

Gross margin10.3%
Operating margin7.5%
Net margin5.6%
Return on equity47.9%
Return on assets9.9%
Return on invested capital19.3%
Current ratio1.25
Liabilities / assets72.7%
Cash & investments$7.77B
Total debt$33.79B
Net cash (debt)-$26.03B
Free cash flow / sales8.4%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Refining & Marketing$49.31B 91.9%
  • Midstream$3.11B 5.8%
  • Renewable diesel$1.25B 2.3%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $51.99B $34.20B $132.70B $32.57B $34.81B
Total Operating Revenue $51.99B $34.20B $132.70B $32.57B $34.81B
Cost of Revenue $43.90B $32.07B $122.70B $29.69B $32.04B
Gross Profit $8.09B $2.13B $10.00B $2.89B $2.77B
Operating Expense $1.11B $1.09B $4.23B $1.04B $1.10B
Selling and Admin Expenses $894.00M $867.00M $3.35B $836.00M $863.00M
-General & Admin Expense $894.00M $867.00M $3.35B $836.00M $863.00M
Other Taxes $219.00M $227.00M $885.00M $203.00M $232.00M
Operating Profit $6.98B $1.04B $5.77B $1.85B $1.67B
Net Non-Operating Interest Income (Expense) -$340.00M -$365.00M -$1.28B -$360.00M -$304.00M
Non-Operating Interest Income $61.00M $33.00M $159.00M $41.00M $41.00M
Non-Operating Interest Expense $399.00M $386.00M $1.41B $400.00M $341.00M
Total Other Finance Costs $2.00M $12.00M $23.00M $1.00M $4.00M
Other Income (Expense) $343.00M $363.00M $2.52B $865.00M $1.03B
Earnings from Equity Interest $256.00M $176.00M $1.62B $204.00M $976.00M
Special Income (Charges) -$2.00M $173.00M $169.00M -$2.00M
-Gain on Sale of Property/Plant/Equipment -$2.00M $173.00M $169.00M -$2.00M
Other Non-Operating Income (Expenses) $89.00M $187.00M $728.00M $492.00M $60.00M
Pretax Profit $6.98B $1.03B $7.02B $2.35B $2.40B
Tax $1.44B $183.00M $1.14B $372.00M $460.00M
Net Profit $5.54B $851.00M $5.88B $1.98B $1.94B
Profit from Continuing Operations $5.54B $851.00M $5.88B $1.98B $1.94B
Minority Interests $400.00M $340.00M $1.83B $444.00M $573.00M
Net Income to Parent Company $5.14B $511.00M $4.05B $1.54B $1.37B
Net Income to Common Stockholders $5.14B $511.00M $4.04B $1.53B $1.37B
Basic EPS $17.76 $1.73 $13.24 $5.13 $4.51
Diluted EPS $17.73 $1.73 $13.22 $5.12 $4.51
Dividend Per Share $1.00 $1.00 $3.73 $1.00 $0.91
Other Preferred Stock Dividends $0.00 $4.00M $1.00M $2.00M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $94.31B $88.19B $83.96B $83.96B $83.24B
Total Current Assets $34.29B $28.70B $24.78B $24.78B $24.63B
Cash and Cash Equivalents & Short-Term Investments $7.77B $2.15B $3.67B $3.67B $2.65B
-Cash and Cash Equivalents $7.77B $2.15B $3.67B $3.67B $2.65B
Receivables $15.74B $14.63B $10.32B $10.32B $10.49B
-Accounts Receivable $15.74B $14.63B $10.32B $10.32B $10.49B
Inventory $9.97B $10.76B $10.13B $10.13B $9.83B
Other Current Assets $805.00M $1.15B $662.00M $662.00M $626.00M
Total Non-Current Assets $60.02B $59.49B $59.18B $59.18B $58.61B
Net PPE $39.43B $39.10B $38.89B $38.89B $38.36B
-Gross PPE $74.39B $73.42B $72.50B $72.50B $71.44B
-Accumulated Depreciation -$34.97B -$34.32B -$33.61B -$33.61B -$33.08B
Investments and Advances $7.20B $7.00B $6.80B $6.80B $6.90B
-Long Term Equity Investment $7.20B $7.00B $6.80B $6.80B $6.90B
Goodwill and Other Intangible Assets $11.93B $11.99B $12.07B $12.07B $12.08B
-Goodwill $9.34B $9.34B $9.35B $9.35B $9.33B
-Other Intangible Assets $2.59B $2.66B $2.71B $2.71B $2.75B
Other Non-Current Assets $1.47B $1.39B $1.42B $1.42B $1.27B
Total Liabilities $68.59B $64.76B $59.87B $59.87B $59.35B
Total Current Liabilities $27.42B $24.41B $19.68B $19.68B $18.73B
Payables $22.48B $20.46B $15.57B $15.57B $14.84B
-Accounts Payable $19.23B $17.62B $12.97B $12.97B $12.49B
-Total Tax Payable $2.43B $1.63B $1.48B $1.48B $1.38B
-Other Payable $823.00M $1.21B $1.11B $1.11B $968.00M
Current Accrued Expenses $461.00M $320.00M $449.00M $449.00M $329.00M
Short-Term Debt and Capital Lease Obligation $2.62B $2.62B $2.86B $2.86B $2.05B
-Current Debt $2.12B $2.12B $2.37B $2.37B $1.61B
-Current Capital Lease Obligation $499.00M $501.00M $489.00M $489.00M $441.00M
Other Current Liabilities $1.86B $1.01B $804.00M $804.00M $1.51B
Total Non-Current Liabilities $41.17B $40.35B $40.19B $40.19B $40.62B
Long Term Debt and Capital Lease Obligation $31.67B $31.71B $31.50B $31.50B $32.15B
-Long Term Debt $30.70B $30.71B $30.51B $30.51B $31.23B
-Long Term Capital Lease Obligation $977.00M $1.00B $993.00M $993.00M $918.00M
Non-Current Deferred Liabilities $5.95B $6.00B $5.98B $5.98B $5.96B
Employee Benefits $1.29B $1.23B $1.17B $1.17B $1.13B
Other Non-Current Liabilities $2.26B $1.42B $1.54B $1.54B $1.38B
Total Equity $25.72B $23.43B $24.09B $24.09B $23.89B
Stockholders' Equity $19.08B $16.75B $17.31B $17.31B $17.10B
Capital Stock $10.00M $10.00M $10.00M $10.00M $10.00M
-Common Stock $10.00M $10.00M $10.00M $10.00M $10.00M
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $33.67B $33.67B $33.69B $33.69B $33.70B
Retained Earnings $44.81B $39.97B $39.75B $39.75B $38.52B
Less: Treasury Stock $59.31B $56.78B $56.03B $56.03B $55.02B
Gains/Losses Not Affecting Retained Earnings -$110.00M -$108.00M -$105.00M -$105.00M -$109.00M
Minority Interests $6.64B $6.67B $6.77B $6.77B $6.79B

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $10.33B $1.12B $8.25B $3.07B $2.61B
Net cash flow from continuing operations $10.33B $1.12B $8.25B $3.07B $2.61B
Net Income from Continuing Operations $5.54B $851.00M $5.88B $1.98B $1.94B
Gain/Loss from Continuing Operations $993.00M -$439.00M -$1.80B -$292.00M -$1.07B
Depreciation & Depletion & Amortization $838.00M $809.00M $3.25B $828.00M $841.00M
Deferred Tax -$46.00M $19.00M $282.00M $31.00M $309.00M
Other Non-Cash Items $186.00M -$137.00M -$149.00M -$179.00M $69.00M
Change in Working Capital $2.57B -$255.00M -$469.00M $304.00M $213.00M
-Change in Receivables -$1.09B -$4.30B $890.00M $184.00M $645.00M
-Change in Inventory $791.00M -$635.00M -$596.00M -$311.00M $253.00M
-Change In Other Working Capital $2.87B $4.68B -$763.00M $431.00M -$685.00M
Net cash flow from investing -$1.39B -$1.05B -$5.87B -$214.00M -$3.76B
Net Cash Flow from Continuing Investing Activities -$1.39B -$1.05B -$5.87B -$214.00M -$3.76B
Net PPE Purchase and Sale -$1.19B -$913.00M -$3.49B -$1.18B -$947.00M
Net Business Purchase and Sale -$507.00M $14.00M -$4.38B -$1.06B -$2.65B
Net Other Investing Changes -$3.00M $154.00M $1.28B $1.06B $92.00M
Financing Cash Flow -$3.32B -$1.60B -$1.92B -$1.84B $2.13B
Net Cash Flow from Continuing Financing Activities -$3.32B -$1.60B -$1.92B -$1.84B $2.13B
Net Issuance Payments Of Debt -$26.00M -$49.00M $4.70B -$25.00M $3.56B
Net Common Stock Issuance -$2.53B -$749.00M -$3.46B -$1.00B -$649.00M
Cash Dividends Paid -$290.00M -$295.00M -$1.14B -$300.00M -$276.00M
Net Other Financing Charges -$468.00M -$503.00M -$2.02B -$510.00M -$509.00M
Ending Cash Balance $7.77B $2.15B $3.67B $3.67B $2.65B
Net Change in Cash $5.62B -$1.52B $462.00M $1.02B $980.00M
Beginning Cash Balance $2.15B $3.67B $3.21B $2.65B $1.67B
Free Cash Flow $9.14B $208.00M $4.77B $1.89B $1.66B
Net Investment Purchase and Sale -$302.00M $721.00M $971.00M -$250.00M
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