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Stocks · Consumer discretionary · Retail-Auto Dealers & Gasoline Stations

Murphy USA Inc.

MUSA Clue Score37
United States Fiscal year ends December CIK 0001573516
$529.14 +2.11% Close, 9 Oct 2026
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Price $529.14 +222.92% 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 2016Revenue11.59Operating income0.39Net income0.22EPS, diluted5.59Fiscal year 2017Revenue12.83 +10.6%Operating income0.28Net income0.25 +10.7%EPS, diluted6.78 +21.3%Fiscal year 2018Revenue14.36 +12.0%Operating income0.33Net income0.21 −12.9%EPS, diluted6.48 −4.4%Fiscal year 2019Revenue14.03 −2.3%Operating income0.27Net income0.15 −27.5%EPS, diluted4.86 −25.0%Fiscal year 2020Revenue11.26 −19.7%Operating income0.56Net income0.39 +149.4%EPS, diluted13.08 +169.1%Fiscal year 2021Revenue17.36 +54.1%Operating income0.60Net income0.40 +2.8%EPS, diluted14.92 +14.1%Fiscal year 2022Revenue23.45 +35.1%Operating income0.97Net income0.67 +69.5%EPS, diluted28.10 +88.3%Fiscal year 2023Revenue21.53 −8.2%Operating income0.83Net income0.56 −17.3%EPS, diluted25.49 −9.3%Fiscal year 2024Revenue20.24 −6.0%Operating income0.74Net income0.50 −9.8%EPS, diluted24.11 −5.4%Fiscal year 2025Revenue19.38 −4.2%Operating income0.72Net income0.47 −6.3%EPS, diluted24.10 −0.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 11.59 12.83 14.36 14.03 11.26 17.36 23.45 21.53 20.24 19.38
Growth +10.6% +12.0% −2.3% −19.7% +54.1% +35.1% −8.2% −6.0% −4.2%
Operating income 0.39 0.28 0.33 0.27 0.56 0.60 0.97 0.83 0.74 0.72
Net income 0.22 0.25 0.21 0.15 0.39 0.40 0.67 0.56 0.50 0.47
Growth +10.7% −12.9% −27.5% +149.4% +2.8% +69.5% −17.3% −9.8% −6.3%
EPS, diluted 5.59 6.78 6.48 4.86 13.08 14.92 28.10 25.49 24.11 24.10
Growth +21.3% −4.4% −25.0% +169.1% +14.1% +88.3% −9.3% −5.4% −0.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin3.3%Net margin1.9%Free cash flow margin0.6%Fiscal year 2017Operating margin2.2%Net margin1.9%Free cash flow margin0.2%Fiscal year 2018Operating margin2.3%Net margin1.5%Free cash flow margin1.4%Fiscal year 2019Operating margin1.9%Net margin1.1%Free cash flow margin0.8%Fiscal year 2020Operating margin5.0%Net margin3.4%Free cash flow margin3.0%Fiscal year 2021Operating margin3.5%Net margin2.3%Free cash flow margin2.7%Fiscal year 2022Operating margin4.1%Net margin2.9%Free cash flow margin2.9%Fiscal year 2023Operating margin3.8%Net margin2.6%Free cash flow margin2.1%Fiscal year 2024Operating margin3.7%Net margin2.5%Free cash flow margin1.9%Fiscal year 2025Operating margin3.7%Net margin2.4%Free cash flow margin1.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 3.3% 2.2% 2.3% 1.9% 5.0% 3.5% 4.1% 3.8% 3.7% 3.7%
Net margin 1.9% 1.9% 1.5% 1.1% 3.4% 2.3% 2.9% 2.6% 2.5% 2.4%
Free cash flow margin 0.6% 0.2% 1.4% 0.8% 3.0% 2.7% 2.9% 2.1% 1.9% 1.9%

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 flow0.34Capital expenditure−0.26Free cash flow0.08Buybacks−0.32Fiscal year 2017Operating cash flow0.28Capital expenditure−0.26Free cash flow0.03 −66.4%Buybacks−0.21Fiscal year 2018Operating cash flow0.40Capital expenditure−0.20Free cash flow0.19 +668.4%Buybacks−0.14Dividends paid0.00Fiscal year 2019Operating cash flow0.31Capital expenditure−0.20Free cash flow0.11 −44.2%Buybacks−0.17Dividends paid0.00Fiscal year 2020Operating cash flow0.56Capital expenditure−0.23Free cash flow0.33 +206.9%Buybacks−0.40Dividends paid−0.01Fiscal year 2021Operating cash flow0.74Capital expenditure−0.27Free cash flow0.46 +38.9%Buybacks−0.36Dividends paid−0.03Fiscal year 2022Operating cash flow0.99Capital expenditure−0.31Free cash flow0.69 +49.0%Buybacks−0.81Dividends paid−0.03Fiscal year 2023Operating cash flow0.78Capital expenditure−0.34Free cash flow0.45 −35.0%Buybacks−0.33Dividends paid−0.03Fiscal year 2024Operating cash flow0.85Capital expenditure−0.46Free cash flow0.39 −13.1%Buybacks−0.45Dividends paid−0.04Fiscal year 2025Operating cash flow0.81Capital expenditure−0.44Free cash flow0.37 −3.9%Buybacks−0.65Dividends paid−0.04
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.34 0.28 0.40 0.31 0.56 0.74 0.99 0.78 0.85 0.81
Capital expenditure −0.26 −0.26 −0.20 −0.20 −0.23 −0.27 −0.31 −0.34 −0.46 −0.44
Free cash flow 0.08 0.03 0.19 0.11 0.33 0.46 0.69 0.45 0.39 0.37
Growth −66.4% +668.4% −44.2% +206.9% +38.9% +49.0% −35.0% −13.1% −3.9%
Buybacks −0.32 −0.21 −0.14 −0.17 −0.40 −0.36 −0.81 −0.33 −0.45 −0.65
Dividends paid n/a n/a 0.00 0.00 −0.01 −0.03 −0.03 −0.03 −0.04 −0.04

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash0.15Shareholders’ equity0.70Fiscal year 2017Cash0.17Shareholders’ equity0.74Fiscal year 2018Cash0.18Shareholders’ equity0.81Fiscal year 2019Cash0.28Shareholders’ equity0.80Fiscal year 2020Cash0.16Shareholders’ equity0.78Fiscal year 2021Cash0.26Shareholders’ equity0.81Fiscal year 2022Cash0.06Shareholders’ equity0.64Fiscal year 2023Cash0.12Shareholders’ equity0.83Fiscal year 2024Cash0.05Shareholders’ equity0.84Fiscal year 2025Cash0.03Shareholders’ equity0.62
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.15 0.17 0.18 0.28 0.16 0.26 0.06 0.12 0.05 0.03
Shareholders’ equity 0.70 0.74 0.81 0.80 0.78 0.81 0.64 0.83 0.84 0.62

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

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. 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
Revenue and profit
11.59 12.83 14.36 14.03 11.26 17.36 23.45 21.53 20.24 19.38
Growth +10.6% +12.0% −2.3% −19.7% +54.1% +35.1% −8.2% −6.0% −4.2%
0.12 0.14 0.14 0.14 0.17 0.19 0.23 0.24 0.24 0.23
0.39 0.28 0.33 0.27 0.56 0.60 0.97 0.83 0.74 0.72
Growth −27.0% +14.8% −17.4% +108.2% +8.1% +60.3% −14.7% −10.1% −3.3%
0.35 0.24 0.27 0.20 0.51 0.52 0.88 0.73 0.65 0.61
0.13 −0.01 0.06 0.05 0.12 0.13 0.21 0.18 0.15 0.14
0.22 0.25 0.21 0.15 0.39 0.40 0.67 0.56 0.50 0.47
Growth +10.7% −12.9% −27.5% +149.4% +2.8% +69.5% −17.3% −9.8% −6.3%
Per share
5.64 6.85 6.54 4.90 13.25 15.14 28.63 25.91 24.47 24.38
5.59 6.78 6.48 4.86 13.08 14.92 28.10 25.49 24.11 24.10
Growth +21.3% −4.4% −25.0% +169.1% +14.1% +88.3% −9.3% −5.4% −0.0%
39.3 35.8 32.7 31.6 29.1 26.2 23.5 21.5 20.5 19.3
39.6 36.2 33.0 31.9 29.5 26.6 24.0 21.8 20.8 19.5
Growth −8.8% −8.8% −3.4% −7.3% −9.9% −10.0% −8.8% −4.6% −6.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 11.5% a year over five years, and earnings per share grew 13.0% a year.
  • The diluted share count fell 33.9% in five years, so buybacks did some of the work per share.
  • Operating margin is down 1.3 points on five years ago, at 3.7%.
  • Profitable in every one of the 10 years on file.