Marathon Petroleum Corporation's Income Statement Analysis: Revenue to Profit Breakdown
Marathon Petroleum Corporation's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$119.78 B | $177.41 B | $148.46 B | $138.52 B | $132.54 B | $135.75 B |
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Cost of Revenue Direct cost of goods/services. |
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$112.94 B | $154.86 B | $131.86 B | $129.48 B | $122.70 B | $123.81 B |
Gross Profit Revenue minus cost of revenue. |
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$6.84 B | $22.55 B | $16.60 B | $9.03 B | $9.85 B | $11.95 B |
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Operating Expense
Costs to run business. |
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$2.54 B | $2.77 B | $3.04 B | $3.22 B | $3.35 B | $5.13 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$2.54 B | $2.77 B | $3.04 B | $3.22 B | $3.35 B | $3.43 B |
General and Administrative Corporate overhead costs. |
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- | - | - | $3.22 B | - | $3.43 B |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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- | - | - | - | - | $1.69 B |
Operating Income Profit from operations. |
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$4.30 B | $19.78 B | $13.56 B | $5.81 B | $6.50 B | $6.82 B |
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Net Interest Income
Interest income minus expense. |
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-$1.29 B | -$995.00 M | -$605.00 M | -$877.00 M | -$1.28 B | -$1.32 B |
Interest Income Income from investments. |
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$14.00 M | $221.00 M | $672.00 M | $467.00 M | - | $113.00 M |
Interest Expense Cost of borrowing. |
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$1.30 B | $1.22 B | $1.28 B | $1.34 B | $1.28 B | $1.43 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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$187.00 M | -$1.91 B | -$1.70 B | -$1.49 B | -$1.80 B | -$2.30 B |
Total Other Income (Net) Net non-operating items. |
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-$1.49 B | $691.00 M | $426.00 M | $144.00 M | $519.00 M | $848.00 M |
Income Before Tax Profit before taxes. |
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$2.82 B | $20.47 B | $13.99 B | $5.96 B | $7.02 B | $7.67 B |
Income Tax Expense Taxes on income. |
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$264.00 M | $4.49 B | $2.82 B | $890.00 M | $1.14 B | $1.28 B |
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Net Income
Final profit. |
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$1.72 B | $14.51 B | $9.67 B | $3.44 B | $4.05 B | $4.63 B |
Net Income From Continuing Operations Profit from core business. |
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$2.55 B | $15.98 B | $11.17 B | $5.07 B | $5.88 B | $6.38 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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$428.00 M | $72.00 M | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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-$2.00 M | -$8.00 M | -$7.00 M | -$3.00 M | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$2.71 | $28.34 | $23.76 | $10.12 | $13.27 | $15.33 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$2.69 | $28.12 | $23.65 | $10.09 | $13.27 | $15.33 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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634.00 M | 512.00 M | 407.00 M | 341.00 M | 305.00 M | 295.00 M |
Diluted Average Shares Outst. Shares including dilution. |
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638.00 M | 516.00 M | 409.00 M | 341.00 M | 305.00 M | 295.00 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$4.12 B | $21.69 B | $15.27 B | $7.30 B | $8.29 B | $9.12 B |
EBITDA Earnings before interest, tax, D&A. |
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$7.43 B | $24.90 B | $18.65 B | $10.72 B | $11.54 B | $12.39 B |
Depreciation and Amortization Non-cash expense for assets. |
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$3.31 B | $3.22 B | $3.38 B | $3.42 B | $3.25 B | $3.27 B |
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Marathon Petroleum Corporation's Assets vs Liabilities & Equity
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