15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $132.7B | $4.0B | 10.0% | 6.2% | $4.8B | — | $3.7B |
| 2024 | $138.9B | $3.4B | 9.1% | 4.9% | $6.1B | — | $3.2B |
| 2023 | $148.4B | $9.7B | 13.4% | 9.8% | $12.2B | — | $5.4B |
| 2022 | $177.5B | $14.5B | 14.5% | 12.1% | $13.9B | — | $8.6B |
| 2021 | $120.0B | $9.7B | 8.3% | 3.6% | $2.9B | — | $5.3B |
| 2020 | $69.8B | -$9.8B | 5.8% | -17.6% | -$368M | — | $415M |
| 2019 | $111.1B | $2.6B | 10.7% | 4.0% | $4.6B | — | $1.4B |
| 2018 | $86.1B | $2.8B | 10.5% | 5.4% | $3.0B | — | $1.7B |
| 2017 | — | $3.4B | — | — | $3.9B | — | $3.0B |
| 2016 | — | $1.2B | — | — | $1.1B | — | $887M |
| 2015 | — | $2.9B | — | — | $2.1B | — | $1.1B |
| 2014 | — | $2.5B | — | — | $1.6B | — | $1.5B |
| 2013 | — | $2.1B | — | — | $2.2B | — | $2.3B |
| 2012 | — | $3.4B | — | — | $3.1B | — | $4.9B |
| 2011 | — | $2.4B | — | — | $2.1B | $3.3B | $3.1B |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $34.2B | $511M | 8.6% | 4.1% | $208M | — | $2.2B |
| Dec '25 | $32.6B | $1.5B | 11.4% | 8.3% | $1.9B | — | $3.7B |
| Sep '25 | $34.8B | $1.4B | 10.4% | 7.8% | $1.7B | — | $2.7B |
| Jun '25 | $33.8B | $1.2B | 11.2% | 6.5% | $1.9B | — | $1.7B |
| Mar '25 | $31.5B | -$74M | 6.8% | 2.2% | -$727M | — | $3.8B |
| Dec '24 | $33.1B | $371M | 7.8% | 3.4% | $1.4B | — | $3.2B |
| Sep '24 | $35.1B | $622M | 8.4% | 3.8% | $1.0B | — | $4.0B |
| Jun '24 | $37.9B | $1.5B | 10.5% | 6.7% | $2.8B | — | $4.4B |
| Mar '24 | $32.7B | $937M | 9.5% | 5.5% | $947M | — | $3.2B |
| Dec '23 | $36.3B | $1.5B | 10.1% | 6.6% | $591M | — | $5.4B |
| Sep '23 | $40.9B | $3.3B | 14.6% | 11.6% | $4.5B | — | $8.5B |
| Jun '23 | $36.3B | $2.2B | 12.6% | 9.1% | $3.5B | — | $7.3B |
| Mar '23 | $34.9B | $2.7B | 16.0% | 11.6% | $3.6B | — | $8.0B |
| Dec '22 | $39.8B | $3.3B | 15.7% | 11.9% | $3.7B | — | $8.6B |
| Sep '22 | $45.8B | $4.5B | 15.2% | 14.6% | $1.8B | — | $7.4B |
| Jun '22 | $53.8B | $5.9B | 17.8% | 15.5% | $6.5B | — | $9.1B |
| Mar '22 | $38.1B | $845M | 7.9% | 4.5% | $2.0B | — | $7.1B |
| Dec '21 | $35.3B | $774M | 8.9% | 5.0% | $3.2B | — | $5.3B |
| Sep '21 | $32.3B | $694M | 8.5% | 4.1% | -$1.5B | — | $5.9B |
| Jun '21 | $29.6B | $8.5B | 8.2% | 3.3% | $1.1B | — | $11.8B |
How the market has priced MPC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Marathon Petroleum's revenue has grown 13.7% per year. These are computed facts, not advice.
As of FY2025, Marathon Petroleum reported — of total debt against $3.7B of cash; operating income covered interest expense 6.5×.
In FY2025, gross margin was 10.0%, operating margin 6.2%, and net margin 3.0%.
As of Jun '26, Marathon Petroleum traded at a price-to-earnings ratio of about 18.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.