MPC logo Marathon Petroleum Corporation +
Ticker
MPC
PSX
Headquarter
Findlay ,OH
US
Houston ,TX
US
CEO
Maryann T. Mannen
Mark E. Lashier
Industry
Oil & Gas Refining & Marketing
Oil & Gas Refining & Marketing
Stock Price
Stock Price
Market Cap
Market Cap
$59.58 B
$62.18 B
Employees
Years
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
Employees
  • 18.20 K
  • 18.30 K
  • 18.50 K
  • 14.00 K
  • 13.20 K
  • 12.60 K
Y/Y
2.25%
0.55%
1.09%
7.69%
5.71%
4.55%

Income Statement

Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Revenue
  • $148.46 B
  • $138.52 B
  • $132.54 B
  • $147.26 B
  • $143.12 B
  • $132.38 B
Y/Y
16.32%
6.7%
4.31%
13.44%
2.81%
7.51%
Revenue by Products / Services
Years
  • 2025
  • 2025
Revenue by Geography
Years
  • 2025
  • 2025
Research and Development
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Research and Development
  • -
  • -
  • -
  • $27.00 M
  • $15.00 M
  • -
Y/Y
0%
0%
0%
35.71%
44.44%
100%
Operating Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income
  • $13.56 B
  • $5.81 B
  • $6.50 B
  • $8.27 B
  • $2.32 B
  • $3.33 B
Y/Y
31.42%
57.14%
11.75%
17.92%
71.88%
43.4%
Tax Rate (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Tax Rate (%)
  • 20.14%
  • 14.94%
  • 16.21%
  • 23.55%
  • 18.69%
  • 16.46%
Y/Y
8.22%
25.81%
8.49%
6.14%
20.63%
11.95%
Net Income
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income
  • $9.67 B
  • $3.44 B
  • $4.05 B
  • $7.00 B
  • $2.12 B
  • $4.40 B
Y/Y
33.32%
64.42%
17.58%
36.47%
69.77%
107.98%
Revenue Per Employee
Years
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
Revenue Per Employee
  • $7.61 M
  • $7.24 M
  • -
  • $10.22 M
  • $10.03 M
  • -
Y/Y
8.75%
4.84%
100%
9.76%
1.9%
100%
Net Income Per Employee
Years
  • 2024
  • 2025
  • 2026
  • 2024
  • 2025
  • 2026
Net Income Per Employee
  • $189.12 K
  • $221.15 K
  • -
  • $151.21 K
  • $333.56 K
  • -
Y/Y
65.2%
16.93%
100%
71.93%
120.59%
100%

Assets & Liabilities | Cash Flow

Total Assets
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Assets
  • $85.99 B
  • $78.86 B
  • -
  • $75.50 B
  • $72.58 B
  • $73.68 B
Y/Y
4.36%
8.29%
100%
1.23%
3.87%
1.51%
Total Liabilities
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Total Liabilities
  • $54.59 B
  • $54.35 B
  • -$23.89 B
  • $43.85 B
  • $44.12 B
  • $43.44 B
Y/Y
0.42%
0.43%
143.95%
3.58%
0.61%
1.54%
Capital Expenditures (Capex)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Capital Expenditures (Capex)
  • -$1.89 B
  • -$2.53 B
  • -
  • -$2.42 B
  • -$1.86 B
  • -$2.23 B
Y/Y
21.9%
34.02%
100%
10.21%
23.12%
20.12%

Profitability

Operating Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Operating Income Margin (%)
  • 8.48%
  • 3.78%
  • 4.90%
  • 5.61%
  • 1.62%
  • 2.52%
Y/Y
29.89%
55.45%
29.68%
5.18%
71.07%
55.04%
Net Income Margin (%)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Net Income Margin (%)
  • 6.52%
  • 2.48%
  • 3.05%
  • 4.76%
  • 1.48%
  • 3.33%
Y/Y
20.24%
61.98%
23.08%
26.6%
68.9%
124.86%
EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
EBITDA
  • $18.65 B
  • $10.72 B
  • $11.54 B
  • $12.37 B
  • $5.99 B
  • $9.76 B
Y/Y
25.12%
42.52%
7.69%
26.84%
51.62%
63.02%
Free Cash Flow (FCF)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Free Cash Flow (FCF)
  • $12.23 B
  • $6.13 B
  • -
  • $4.61 B
  • $2.33 B
  • $2.73 B
Y/Y
12.29%
49.85%
100%
46.5%
49.43%
17.02%

Ratios

Return on Equity (ROE)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Equity (ROE)
  • 39.64%
  • 19.40%
  • 0.00%
  • 22.90%
  • 7.72%
  • 0.00%
Y/Y
24.27%
51.07%
100%
38.73%
66.27%
100%
Return on Assets (ROA)
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Return on Assets (ROA)
  • 11.25%
  • 4.36%
  • 0.00%
  • 9.28%
  • 2.92%
  • 0.00%
Y/Y
30.28%
61.2%
100%
35.67%
68.56%
100%
Debt to Equity
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Debt to Equity
  • 116.79%
  • 162.06%
  • 198.44%
  • 63.30%
  • 73.20%
  • 78.65%
Y/Y
15.98%
38.77%
22.45%
8.61%
15.64%
7.45%

Valuation

Enterprise Value
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value
  • $83.44 B
  • $73.12 B
  • $0.00
  • $75.97 B
  • $66.19 B
  • $0.00
Y/Y
5.79%
12.37%
100%
26.34%
12.86%
100%
Enterprise value to Revenue
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to Revenue
  • 0.56
  • 0.53
  • 0.00
  • 0.52
  • 0.46
  • 0.00
Y/Y
26.42%
6.08%
100%
45.95%
10.34%
100%
Enterprise value to EBITDA
Years
  • 2023
  • 2024
  • 2025
  • 2023
  • 2024
  • 2025
Enterprise value to EBITDA
  • 4.47
  • 6.82
  • 0.00
  • 6.14
  • 11.06
  • 0.00
Y/Y
41.27%
52.45%
100%
72.68%
80.12%
100%