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MPC / Energy

Marathon Petroleum Corp

Petroleum Refining

Company overview

Marathon Petroleum Corp is an SEC-reporting issuer listed on NYSE under MPC. Its SEC industry description is Petroleum Refining. This profile organizes annual financial disclosures for research; sector labels are editorial groupings, not GICS classifications.

Producers, refiners and service providers respond differently to commodity prices, project spending and capacity utilization.

Business segments

Segment-level revenue is not included in this standardized dataset. Consult the business and segment notes in the linked annual filing for the issuer’s actual reporting segments.

Selected fundamentals

Annual reporting currency: USD. Financial amounts are in millions, except per-share figures and ratios.

Latest period 2025-12-31 · prior period 2024-12-31
Metric2025-12-312024-12-31Source filed
RevenueUSD 132,699mUSD 138,864m2026-02-26
Operating incomeUSD 8,291mUSD 6,796m2026-02-26
Net incomeUSD 4,047mUSD 3,445m2026-02-26
Diluted EPSUSD 13.22USD 10.082026-02-26
Operating cash flowUSD 8,253mUSD 8,665m2026-02-26
Capital expenditureUSD 3,486mUSD 2,533m2026-02-26
Free cash flowUSD 4,767mUSD 6,132m2026-02-26
Gross marginNot availableNot available2026-02-26
Operating margin6.25%4.89%2026-02-26

FCF = operating cash flow − purchases of property, plant and equipment. Missing tags remain unavailable. Standardized cash-flow comparisons are particularly limited for financial businesses.

Inspect original metric provenance
{
  "revenue": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 132699000000,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax",
    "unit": "USD"
  },
  "netIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 4047000000,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:NetIncomeLoss",
    "unit": "USD"
  },
  "operatingIncome": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 8291000000,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:OperatingIncomeLoss",
    "unit": "USD"
  },
  "eps": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 13.22,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:EarningsPerShareDiluted",
    "unit": "USD/shares"
  },
  "operatingCashFlow": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 8253000000,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:NetCashProvidedByUsedInOperatingActivities",
    "unit": "USD"
  },
  "capex": {
    "start": "2025-01-01",
    "end": "2025-12-31",
    "val": 3486000000,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "frame": "CY2025",
    "tag": "us-gaap:PaymentsToAcquirePropertyPlantAndEquipment",
    "unit": "USD"
  },
  "totalAssets": {
    "end": "2025-12-31",
    "val": 83955000000,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "tag": "us-gaap:Assets",
    "unit": "USD"
  },
  "totalLiabilities": {
    "end": "2025-12-31",
    "val": 59869000000,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "tag": "us-gaap:Liabilities",
    "unit": "USD"
  },
  "shareholdersEquity": {
    "end": "2025-12-31",
    "val": 17314000000,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "tag": "us-gaap:StockholdersEquity",
    "unit": "USD"
  },
  "currentAssets": {
    "end": "2025-12-31",
    "val": 24780000000,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "tag": "us-gaap:AssetsCurrent",
    "unit": "USD"
  },
  "currentLiabilities": {
    "end": "2025-12-31",
    "val": 19678000000,
    "accn": "0001510295-26-000009",
    "fy": 2025,
    "fp": "FY",
    "form": "10-K",
    "filed": "2026-02-26",
    "tag": "us-gaap:LiabilitiesCurrent",
    "unit": "USD"
  }
}

Annual earnings trend

Reported fiscal periods, not a live price chart.

Interactive chart loads in the browser. The full annual values are available below.

View all annual figures in a table
Period endRevenueNet incomeEPS
2025-12-31USD 132,699mUSD 4,047mUSD 13.22
2024-12-31USD 138,864mUSD 3,445mUSD 10.08
2023-12-31USD 148,379mUSD 9,681mUSD 23.63
2022-12-31USD 177,453mUSD 14,516mUSD 28.12

Valuation context

This release does not quote price-based multiples because it does not include synchronized market prices. A financial denominator must be paired with a clearly dated market value.

MeasureInterpretation
P/EPrice divided by EPS; identify annual, trailing or forward basis.
P/S & P/BMarket capitalization divided by sales or book equity.
EV / EBITDAEnterprise value and EBITDA need consistent definitions.
FCF yieldFree cash flow divided by dated market capitalization.

A sector median is descriptive, not a fair-value estimate. Explore sector context ↗

Selected filing notes

10-KFiled 2026-02-26Period 2025-12-31

MPC filed this 10-K on 2026-02-26 for the reported period 2025-12-31. Reading focus: Realized prices, production volumes, refining economics and capital expenditure. This is a metadata-based reading guide; it does not assert that a particular event or risk change occurred in the document.

Read SEC original ↗

Related research

Risks & what to monitor

Commodity cycles, project execution, reserve replacement, environmental liabilities and geopolitical exposure.

Realized prices, production volumes, refining economics and capital expenditure.

Sources & dates