InsiderClue
Stocks · Energy · Petroleum Refining

Marathon Petroleum

MPC Clue Score48
United States Fiscal year ends December CIK 0001510295
$455.03 -1.79% Close, 9 Oct 2026
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Price $455.03 +604.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue63.28Operating income2.39Net income1.17EPS, diluted2.21Fiscal year 2017Revenue74.73 +18.1%Operating income4.02Net income3.43 +192.3%EPS, diluted6.70 +203.2%Fiscal year 2018Revenue86.09 +15.2%Operating income4.69Net income2.78 −19.0%EPS, diluted5.28 −21.2%Fiscal year 2019Revenue111.15 +29.1%Operating income4.46Net income2.64 −5.1%EPS, diluted3.97 −24.8%Fiscal year 2020Revenue69.78 −37.2%Operating income−12.25Net income−9.83 −472.6%EPS, diluted−15.13 −481.1%Fiscal year 2021Revenue119.98 +71.9%Operating income4.30Net income9.74EPS, diluted15.24Fiscal year 2022Revenue177.45 +47.9%Operating income21.47Net income14.52 +49.1%EPS, diluted28.12 +84.5%Fiscal year 2023Revenue148.38 −16.4%Operating income14.51Net income9.68 −33.3%EPS, diluted23.63 −16.0%Fiscal year 2024Revenue138.86 −6.4%Operating income6.80Net income3.45 −64.4%EPS, diluted10.08 −57.3%Fiscal year 2025Revenue132.70 −4.4%Operating income8.29Net income4.05 +17.5%EPS, diluted13.22 +31.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 63.28 74.73 86.09 111.15 69.78 119.98 177.45 148.38 138.86 132.70
Growth +18.1% +15.2% +29.1% −37.2% +71.9% +47.9% −16.4% −6.4% −4.4%
Operating income 2.39 4.02 4.69 4.46 −12.25 4.30 21.47 14.51 6.80 8.29
Net income 1.17 3.43 2.78 2.64 −9.83 9.74 14.52 9.68 3.45 4.05
Growth +192.3% −19.0% −5.1% −472.6% +49.1% −33.3% −64.4% +17.5%
EPS, diluted 2.21 6.70 5.28 3.97 −15.13 15.24 28.12 23.63 10.08 13.22
Growth +203.2% −21.2% −24.8% −481.1% +84.5% −16.0% −57.3% +31.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin3.8%Net margin1.9%Free cash flow margin1.8%Fiscal year 2017Operating margin5.4%Net margin4.6%Free cash flow margin5.2%Fiscal year 2018Operating margin5.4%Net margin3.2%Free cash flow margin3.5%Fiscal year 2019Operating margin4.0%Net margin2.4%Free cash flow margin4.2%Fiscal year 2020Operating margin−17.6%Net margin−14.1%Free cash flow margin−0.5%Fiscal year 2021Operating margin3.6%Net margin8.1%Free cash flow margin2.4%Fiscal year 2022Operating margin12.1%Net margin8.2%Free cash flow margin7.9%Fiscal year 2023Operating margin9.8%Net margin6.5%Free cash flow margin8.2%Fiscal year 2024Operating margin4.9%Net margin2.5%Free cash flow margin4.4%Fiscal year 2025Operating margin6.2%Net margin3.0%Free cash flow margin3.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 3.8% 5.4% 5.4% 4.0% −17.6% 3.6% 12.1% 9.8% 4.9% 6.2%
Net margin 1.9% 4.6% 3.2% 2.4% −14.1% 8.1% 8.2% 6.5% 2.5% 3.0%
Free cash flow margin 1.8% 5.2% 3.5% 4.2% −0.5% 2.4% 7.9% 8.2% 4.4% 3.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow4.02Capital expenditure−2.89Free cash flow1.13Buybacks−0.20Dividends paid−0.72Fiscal year 2017Operating cash flow6.61Capital expenditure−2.73Free cash flow3.88 +244.9%Buybacks−2.37Dividends paid−0.77Fiscal year 2018Operating cash flow6.16Capital expenditure−3.18Free cash flow2.98 −23.2%Buybacks−3.29Dividends paid−0.95Fiscal year 2019Operating cash flow9.44Capital expenditure−4.81Free cash flow4.63 +55.5%Buybacks−1.95Dividends paid−1.40Fiscal year 2020Operating cash flow2.42Capital expenditure−2.79Free cash flow−0.37 −107.9%Buybacks0.00Dividends paid−1.51Fiscal year 2021Operating cash flow4.36Capital expenditure−1.46Free cash flow2.90Buybacks−4.65Dividends paid−1.48Fiscal year 2022Operating cash flow16.36Capital expenditure−2.42Free cash flow13.94 +381.4%Buybacks−11.92Dividends paid−1.28Fiscal year 2023Operating cash flow14.12Capital expenditure−1.89Free cash flow12.23 −12.3%Buybacks−11.57Dividends paid−1.26Fiscal year 2024Operating cash flow8.67Capital expenditure−2.53Free cash flow6.13 −49.8%Buybacks−9.19Dividends paid−1.15Fiscal year 2025Operating cash flow8.25Capital expenditure−3.49Free cash flow4.77 −22.3%Buybacks−3.49Dividends paid−1.14
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 4.02 6.61 6.16 9.44 2.42 4.36 16.36 14.12 8.67 8.25
Capital expenditure −2.89 −2.73 −3.18 −4.81 −2.79 −1.46 −2.42 −1.89 −2.53 −3.49
Free cash flow 1.13 3.88 2.98 4.63 −0.37 2.90 13.94 12.23 6.13 4.77
Growth +244.9% −23.2% +55.5% −107.9% +381.4% −12.3% −49.8% −22.3%
Buybacks −0.20 −2.37 −3.29 −1.95 0.00 −4.65 −11.92 −11.57 −9.19 −3.49
Dividends paid −0.72 −0.77 −0.95 −1.40 −1.51 −1.48 −1.28 −1.26 −1.15 −1.14

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.89Shareholders’ equity13.56Fiscal year 2017Cash3.01Shareholders’ equity14.03Fiscal year 2018Cash1.69Shareholders’ equity35.18Fiscal year 2019Cash1.39Shareholders’ equity33.69Fiscal year 2020Cash0.42Shareholders’ equity22.20Fiscal year 2021Cash5.29Shareholders’ equity26.21Fiscal year 2022Cash8.63Shareholders’ equity27.72Fiscal year 2023Cash5.44Shareholders’ equity24.40Fiscal year 2024Cash3.21Shareholders’ equity17.75Fiscal year 2025Cash3.67Shareholders’ equity17.31
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.89 3.01 1.69 1.39 0.42 5.29 8.63 5.44 3.21 3.67
Shareholders’ equity 13.56 14.03 35.18 33.69 22.20 26.21 27.72 24.40 17.75 17.31

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
3.8% 5.4% 5.4% 4.0% −17.6% 3.6% 12.1% 9.8% 4.9% 6.2%
2.9% 4.5% 4.3% 2.9% −19.5% 2.3% 11.5% 9.4% 4.3% 5.3%
1.9% 4.6% 3.2% 2.4% −14.1% 8.1% 8.2% 6.5% 2.5% 3.0%
1.8% 5.2% 3.5% 4.2% −0.5% 2.4% 7.9% 8.2% 4.4% 3.6%
Spending
2.5% 2.3% 2.6% 2.9% 3.9% 2.1% 1.6% 2.0% 2.3% 2.5%
4.6% 3.7% 3.7% 4.3% 4.0% 1.2% 1.4% 1.3% 1.8% 2.6%
33.4% −13.8% 20.7% 24.2% n/a 9.4% 21.9% 20.1% 14.9% 16.2%
Returns
8.7% 24.5% 7.9% 7.8% −44.3% 37.2% 52.4% 39.7% 19.4% 23.4%
2.6% 7.0% 3.0% 2.7% −11.5% 11.4% 16.1% 11.3% 4.4% 4.8%
Balance and payout
52.3% 55.5% 51.5% 56.3% 64.5% 60.7% 61.0% 63.5% 68.9% 71.3%
61.2% 22.5% 34.3% 53.0% n/a 15.2% 8.8% 13.0% 33.5% 28.2%
81.4% 81.1% 142.4% 72.3% n/a 211.9% 94.7% 105.0% 168.7% 97.1%