M

MARATHON PETROLEUM CORPORATION

MPC · CIK 0001510295

17 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$132.70B4.4%
FY2025
Net income (FY)
$4.05B17.5%
FY2025
Free cash flow (FY)
$4.77B22.3%
FY2025
Diluted EPS (FY)
$13.2231.2%
FY2025
The story, charted

The shape of the business

FY2009–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$100BFY2009 · Revenue $45.53B · Net income $449.0M · 0001193125-12-088690 · filed 2012-02-29FY09Revenue $45.53BNet income $449.0M0001193125-12-088690 · filed 2012-02-29FY2010 · Revenue $62.49B · Net income $623.0M · 0001193125-12-088690 · filed 2012-02-29 · 0001193125-13-084698 · filed 2013-02-28FY10Revenue $62.49BNet income $623.0M0001193125-12-088690 · filed 2012-02-29 · 0001193125-13-084698 · filed 2013-02-28FY2011 · Revenue $78.64B · Net income $2.39B · 0001193125-12-088690 · filed 2012-02-29 · 0001510295-14-000004 · filed 2014-02-28FY11Revenue $78.64BNet income $2.39B0001193125-12-088690 · filed 2012-02-29 · 0001510295-14-000004 · filed 2014-02-28FY2012 · Revenue $82.24B · Net income $3.39B · 0001510295-15-000007 · filed 2015-02-27FY12Revenue $82.24BNet income $3.39B0001510295-15-000007 · filed 2015-02-27FY2013 · Revenue $100.16B · Net income $2.11B · 0001510295-16-000078 · filed 2016-02-26FY13Revenue $100.16BNet income $2.11B0001510295-16-000078 · filed 2016-02-26FY2014 · Revenue $97.82B · Net income $2.52B · 0001510295-16-000078 · filed 2016-02-26 · 0001510295-17-000017 · filed 2017-02-24FY14Revenue $97.82BNet income $2.52B0001510295-16-000078 · filed 2016-02-26 · 0001510295-17-000017 · filed 2017-02-24FY2015 · Revenue $72.05B · Net income $2.85B · 0001510295-16-000078 · filed 2016-02-26 · 0001510295-18-000024 · filed 2018-02-28FY15Revenue $72.05BNet income $2.85B0001510295-16-000078 · filed 2016-02-26 · 0001510295-18-000024 · filed 2018-02-28FY2016 · Revenue $63.28B · Net income $1.17B · 0001510295-19-000014 · filed 2019-02-28FY16Revenue $63.28BNet income $1.17B0001510295-19-000014 · filed 2019-02-28FY2017 · Revenue $74.73B · Net income $3.43B · 0001510295-20-000006 · filed 2020-02-28FY17Revenue $74.73BNet income $3.43B0001510295-20-000006 · filed 2020-02-28FY2018 · Revenue $86.09B · Net income $2.78B · 0001510295-21-000027 · filed 2021-02-26FY18Revenue $86.09BNet income $2.78B0001510295-21-000027 · filed 2021-02-26FY2019 · Revenue $111.15B · Net income $2.64B · 0001510295-22-000011 · filed 2022-02-24FY19Revenue $111.15BNet income $2.64B0001510295-22-000011 · filed 2022-02-24FY2020 · Revenue $69.78B · Net income −$9.83B · 0001510295-23-000012 · filed 2023-02-23FY20Revenue $69.78BNet income −$9.83B0001510295-23-000012 · filed 2023-02-23FY2021 · Revenue $119.98B · Net income $9.74B · 0001510295-24-000015 · filed 2024-02-28FY21Revenue $119.98BNet income $9.74B0001510295-24-000015 · filed 2024-02-28FY2022 · Revenue $177.45B · Net income $14.52B · 0001510295-25-000012 · filed 2025-02-27FY22Revenue $177.45BNet income $14.52B0001510295-25-000012 · filed 2025-02-27FY2023 · Revenue $148.38B · Net income $9.68B · 0001510295-26-000009 · filed 2026-02-26FY23Revenue $148.38BNet income $9.68B0001510295-26-000009 · filed 2026-02-26FY2024 · Revenue $138.86B · Net income $3.44B · 0001510295-26-000009 · filed 2026-02-26FY24Revenue $138.86BNet income $3.44B0001510295-26-000009 · filed 2026-02-26FY2025 · Revenue $132.70B · Net income $4.05B · 0001510295-26-000009 · filed 2026-02-26FY25Revenue $132.70BNet income $4.05B0001510295-26-000009 · filed 2026-02-26FY25Revenue $132.70BNet income $4.05B0001510295-26-000009 · filed 2026-02-26FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 2.9× since FY2009 · net margin 1.0% → 3.0%

MarginsNet marginFCF margin
-10%0%10%FY2009 · Net margin 1.0% · FCF margin -1.0%FY09Net margin 1.0%FCF margin -1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 1.0% · FCF margin 1.6%FY10Net margin 1.0%FCF margin 1.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 3.0% · FCF margin 2.7%FY11Net margin 3.0%FCF margin 2.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 4.1% · FCF margin 3.8%FY12Net margin 4.1%FCF margin 3.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 2.1% · FCF margin 2.2%FY13Net margin 2.1%FCF margin 2.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 2.6% · FCF margin 1.7%FY14Net margin 2.6%FCF margin 1.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 4.0% · FCF margin 2.9%FY15Net margin 4.0%FCF margin 2.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 1.9% · FCF margin 1.8%FY16Net margin 1.9%FCF margin 1.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 4.6% · FCF margin 5.2%FY17Net margin 4.6%FCF margin 5.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 3.2% · FCF margin 3.5%FY18Net margin 3.2%FCF margin 3.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 2.4% · FCF margin 4.2%FY19Net margin 2.4%FCF margin 4.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -14.1% · FCF margin -0.5%FY20Net margin -14.1%FCF margin -0.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 8.1% · FCF margin 2.4%FY21Net margin 8.1%FCF margin 2.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 8.2% · FCF margin 7.9%FY22Net margin 8.2%FCF margin 7.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 6.5% · FCF margin 8.2%FY23Net margin 6.5%FCF margin 8.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 2.5% · FCF margin 4.4%FY24Net margin 2.5%FCF margin 4.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 3.0% · FCF margin 3.6%FY25Net margin 3.0%FCF margin 3.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 3.0%FCF margin 3.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 3.0% · free cash flow 3.6% of revenue

Cash engineOperating cash flowFree cash flow
$0$5B$10B$15BFY2009 · OCF $2.46B · FCF −$436.0M · 0001193125-12-088690 · filed 2012-02-29FY09OCF $2.46BFCF −$436.0M0001193125-12-088690 · filed 2012-02-29FY2010 · OCF $2.22B · FCF $1.00B · 0001193125-13-084698 · filed 2013-02-28FY10OCF $2.22BFCF $1.00B0001193125-13-084698 · filed 2013-02-28FY2011 · OCF $3.31B · FCF $2.12B · 0001510295-14-000004 · filed 2014-02-28FY11OCF $3.31BFCF $2.12B0001510295-14-000004 · filed 2014-02-28FY2012 · OCF $4.49B · FCF $3.12B · 0001510295-15-000007 · filed 2015-02-27FY12OCF $4.49BFCF $3.12B0001510295-15-000007 · filed 2015-02-27FY2013 · OCF $3.40B · FCF $2.20B · 0001510295-16-000078 · filed 2016-02-26FY13OCF $3.40BFCF $2.20B0001510295-16-000078 · filed 2016-02-26FY2014 · OCF $3.11B · FCF $1.63B · 0001510295-17-000017 · filed 2017-02-24FY14OCF $3.11BFCF $1.63B0001510295-17-000017 · filed 2017-02-24FY2015 · OCF $4.07B · FCF $2.08B · 0001510295-18-000024 · filed 2018-02-28FY15OCF $4.07BFCF $2.08B0001510295-18-000024 · filed 2018-02-28FY2016 · OCF $4.02B · FCF $1.13B · 0001510295-19-000014 · filed 2019-02-28FY16OCF $4.02BFCF $1.13B0001510295-19-000014 · filed 2019-02-28FY2017 · OCF $6.61B · FCF $3.88B · 0001510295-20-000006 · filed 2020-02-28FY17OCF $6.61BFCF $3.88B0001510295-20-000006 · filed 2020-02-28FY2018 · OCF $6.16B · FCF $2.98B · 0001510295-21-000027 · filed 2021-02-26FY18OCF $6.16BFCF $2.98B0001510295-21-000027 · filed 2021-02-26FY2019 · OCF $9.44B · FCF $4.63B · 0001510295-22-000011 · filed 2022-02-24FY19OCF $9.44BFCF $4.63B0001510295-22-000011 · filed 2022-02-24FY2020 · OCF $2.42B · FCF −$368.0M · 0001510295-23-000012 · filed 2023-02-23FY20OCF $2.42BFCF −$368.0M0001510295-23-000012 · filed 2023-02-23FY2021 · OCF $4.36B · FCF $2.90B · 0001510295-24-000015 · filed 2024-02-28FY21OCF $4.36BFCF $2.90B0001510295-24-000015 · filed 2024-02-28FY2022 · OCF $16.36B · FCF $13.94B · 0001510295-25-000012 · filed 2025-02-27FY22OCF $16.36BFCF $13.94B0001510295-25-000012 · filed 2025-02-27FY2023 · OCF $14.12B · FCF $12.23B · 0001510295-26-000009 · filed 2026-02-26FY23OCF $14.12BFCF $12.23B0001510295-26-000009 · filed 2026-02-26FY2024 · OCF $8.66B · FCF $6.13B · 0001510295-26-000009 · filed 2026-02-26FY24OCF $8.66BFCF $6.13B0001510295-26-000009 · filed 2026-02-26FY2025 · OCF $8.25B · FCF $4.77B · 0001510295-26-000009 · filed 2026-02-26FY25OCF $8.25BFCF $4.77B0001510295-26-000009 · filed 2026-02-26FY25OCF $8.25BFCF $4.77B0001510295-26-000009 · filed 2026-02-26’09’13’17’21’25

FY2025: $8.25B operating cash − $3.49B capex = $4.77B free cash flow

Returns on capitalReturn on equityReturn on assets
-50%0%50%FY2010 · ROE 7.6% · ROA 2.7%FY10ROE 7.6%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 25.1% · ROA 9.3%FY11ROE 25.1%ROA 9.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 29.0% · ROA 12.4%FY12ROE 29.0%ROA 12.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 19.3% · ROA 7.4%FY13ROE 19.3%ROA 7.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 23.5% · ROA 8.3%FY14ROE 23.5%ROA 8.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 21.5% · ROA 6.6%FY15ROE 21.5%ROA 6.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 8.7% · ROA 2.6%FY16ROE 8.7%ROA 2.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 24.5% · ROA 7.0%FY17ROE 24.5%ROA 7.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 7.9% · ROA 3.0%FY18ROE 7.9%ROA 3.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 7.8% · ROA 2.7%FY19ROE 7.8%ROA 2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -44.3% · ROA -11.5%FY20ROE -44.3%ROA -11.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 37.2% · ROA 11.4%FY21ROE 37.2%ROA 11.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 52.4% · ROA 16.1%FY22ROE 52.4%ROA 16.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 39.7% · ROA 11.3%FY23ROE 39.7%ROA 11.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 19.4% · ROA 4.4%FY24ROE 19.4%ROA 4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 23.4% · ROA 4.8%FY25ROE 23.4%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 23.4%ROA 4.8%derived: net income ÷ equity · derived: net income ÷ assets’13’17’21’25

return on equity 8% (FY2010) → 23% (FY2025) · on assets 4.8%

Balance sheetLiabilitiesEquity
$0$50BFY2010 · Liabilities $14.99B · Equity $8.24BFY10Liabilities $14.99BEquity $8.24B0001193125-12-088690 · filed 2012-02-29FY2011 · Liabilities $16.24B · Equity $9.51BFY11Liabilities $16.24BEquity $9.51B0001193125-13-084698 · filed 2013-02-28FY2012 · Liabilities $15.12B · Equity $11.69BFY12Liabilities $15.12BEquity $11.69B0001510295-14-000004 · filed 2014-02-28FY2013 · Liabilities $17.05B · Equity $10.92BFY13Liabilities $17.05BEquity $10.92B0001510295-15-000007 · filed 2015-02-27FY2014 · Liabilities $19.04B · Equity $10.75BFY14Liabilities $19.04BEquity $10.75B0001510295-16-000078 · filed 2016-02-26FY2015 · Liabilities $23.44B · Equity $13.24BFY15Liabilities $23.44BEquity $13.24B0001510295-17-000017 · filed 2017-02-24FY2016 · Liabilities $23.21B · Equity $13.56BFY16Liabilities $23.21BEquity $13.56B0001510295-18-000024 · filed 2018-02-28FY2017 · Liabilities $27.22B · Equity $14.03BFY17Liabilities $27.22BEquity $14.03B0001510295-19-000014 · filed 2019-02-28FY2018 · Liabilities $47.89B · Equity $35.17BFY18Liabilities $47.89BEquity $35.17B0001510295-20-000006 · filed 2020-02-28FY2019 · Liabilities $55.45B · Equity $33.69BFY19Liabilities $55.45BEquity $33.69B0001510295-21-000027 · filed 2021-02-26FY2020 · Liabilities $54.94B · Equity $22.20BFY20Liabilities $54.94BEquity $22.20B0001510295-22-000011 · filed 2022-02-24FY2021 · Liabilities $51.79B · Equity $26.21BFY21Liabilities $51.79BEquity $26.21B0001510295-23-000012 · filed 2023-02-23FY2022 · Liabilities $54.82B · Equity $27.71BFY22Liabilities $54.82BEquity $27.71B0001510295-24-000015 · filed 2024-02-28FY2023 · Liabilities $54.59B · Equity $24.40BFY23Liabilities $54.59BEquity $24.40B0001510295-25-000012 · filed 2025-02-27FY2024 · Liabilities $54.35B · Equity $17.75BFY24Liabilities $54.35BEquity $17.75B0001510295-26-000009 · filed 2026-02-26FY2025 · Liabilities $59.87B · Equity $17.31BFY25Liabilities $59.87BEquity $17.31B0001510295-26-000009 · filed 2026-02-26FY25Liabilities $59.87BEquity $17.31B0001510295-26-000009 · filed 2026-02-26’13’17’21’25

FY2025: $83.95B assets · $59.87B liabilities · $17.31B equity

The receipts