MUSA Financials Murphy Usa Inc.

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 41 d ago Overview →

Growth & profitability

Revenue has grown 11.5% per year over the past 5 years.
Net income has grown slower than revenue (4.0% vs 11.5% per year).
Operating margin has contracted, at 3.7% in the latest year.
Free cash flow has grown 2.4% per year over the past 5 years.

Financial health

Total debt has grown faster than revenue (648.1% vs 11.5% per year).
Operating income covered interest expense 6.5× in the latest year.

Shareholder returns

Dividends have been paid for 6 consecutive years, consuming 8.8% of earnings and 11.1% of free cash flow.
The dividend has grown 43.2% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$19.4B	$471M	0.0%	3.7%	75.5%	10.0%	$374M	—	$29M
2024	$20.2B	$503M	0.0%	3.7%	59.8%	11.1%	$390M	—	$47M
2023	$21.5B	$557M	0.0%	3.8%	67.2%	12.8%	$448M	—	$118M
2022	$23.4B	$673M	0.0%	4.1%	105.0%	16.3%	$689M	—	$61M
2021	$17.4B	$397M	0.0%	3.5%	49.2%	9.8%	$463M	—	$256M
2020	$11.3B	$386M	0.0%	5.0%	49.2%	14.4%	$333M	—	$164M
2019	$14.0B	$155M	0.0%	1.9%	19.3%	5.8%	$109M	—	$280M
2018	$14.4B	$214M	0.0%	2.3%	26.5%	9.0%	$194M	—	$185M
2017	$12.8B	$245M	84.5%	2.2%	33.2%	10.5%	$25M	—	$170M
2016	$11.6B	$222M	83.0%	3.3%	31.8%	10.6%	$75M	—	$154M
2015	—	$176M	—	—	—	9.3%	$11M	$490M	$34M
2014	—	$244M	—	—	—	12.5%	$170M	$488M	$327M
2013	—	$235M	—	—	—	12.4%	$193M	$555M	$295M
2012	—	$84M	—	—	7.6%	4.2%	$134M	$1M	$57M
2011	—	$324M	—	—	—	18.2%	$89M	—	$37M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$6.8B	$209M	0.0%	4.5%	26.7%	4.1%	$123M	—	$175M
Mar '26	$4.8B	$136M	0.0%	4.3%	20.7%	2.8%	$222M	—	$119M
Dec '25	$4.7B	$142M	0.0%	4.4%	22.8%	3.0%	$129M	—	$29M
Sep '25	$5.1B	$130M	0.0%	3.9%	23.8%	2.8%	$68M	—	$43M
Jun '25	$5.0B	$146M	0.0%	4.4%	22.5%	3.2%	$137M	—	$54M
Mar '25	$4.5B	$53M	0.0%	1.9%	7.4%	1.2%	$41M	—	$49M
Dec '24	$4.7B	$143M	0.0%	4.2%	17.0%	3.1%	$122M	—	$47M
Sep '24	$5.2B	$149M	0.0%	4.2%	18.0%	3.4%	$65M	—	$53M
Jun '24	$5.5B	$145M	0.0%	4.0%	17.8%	3.3%	$143M	—	$80M
Mar '24	$4.8B	$66M	0.0%	2.2%	8.4%	1.5%	$60M	—	$57M
Dec '23	$5.1B	$150M	0.0%	4.3%	18.1%	3.5%	$162M	—	$118M
Sep '23	$5.8B	$168M	0.0%	4.3%	19.9%	3.9%	$111M	—	$125M
Jun '23	$5.6B	$133M	0.0%	3.6%	17.7%	3.2%	$99M	—	$93M
Mar '23	$5.1B	$106M	0.0%	3.2%	14.8%	2.6%	$77M	—	$102M
Dec '22	$5.4B	$118M	0.0%	3.2%	18.4%	2.9%	$141M	—	$61M
Sep '22	$6.2B	$220M	0.0%	5.0%	28.7%	5.3%	$177M	—	$193M
Jun '22	$6.8B	$183M	0.0%	3.9%	24.0%	4.3%	$96M	—	$240M
Mar '22	$5.1B	$152M	0.0%	4.3%	19.3%	3.6%	$275M	—	$356M
Dec '21	$4.8B	$109M	0.0%	3.4%	13.5%	2.7%	$87M	—	$256M
Sep '21	$4.6B	$104M	0.0%	3.4%	12.6%	2.5%	$181M	—	$301M

Valuation over time

How the market has priced MUSA 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.

The price-to-earnings ratio has risen from 7.1× (Mar '23) to 20.4× (Sep '26).
The price-to-sales ratio has risen from 0.2× (Mar '23) to 0.5× (Sep '26).
The dividend yield has fallen from 0.6% (Mar '23) to 0.4% (Sep '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MUSA growing its revenue and profit?

Over the past 5 years, Murphy Usa Inc.'s revenue has grown 11.5% per year, and net income grown 4.0% per year. These are computed facts, not advice.

How much debt does MUSA have?

As of FY2025, Murphy Usa Inc. reported — of total debt against $29M of cash; operating income covered interest expense 6.5×.

What is MUSA's profit margin?

In FY2025, gross margin was —, operating margin 3.7%, and net margin 2.4%.

What is MUSA's P/E ratio?

As of Sep '26, Murphy Usa Inc. traded at a price-to-earnings ratio of about 20.4× (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.

Where does this data come from?

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.