M

MURPHY USA INC.

MUSA · CIK 0001573516

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

Revenue (FY)
$19.38B4.2%
FY2025
Net income (FY)
$470.6M6.3%
FY2025
Free cash flow (FY)
$374.3M3.9%
FY2025
Diluted EPS (FY)
$24.100.0%
FY2025
The story, charted

The shape of the business

FY2011–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2011 · Revenue $18.92B · Net income $324.0M · 0001573516-14-000005 · filed 2014-02-28FY11Revenue $18.92BNet income $324.0M0001573516-14-000005 · filed 2014-02-28FY2012 · Revenue $19.30B · Net income $83.6M · 0001573516-15-000008 · filed 2015-02-27FY12Revenue $19.30BNet income $83.6M0001573516-15-000008 · filed 2015-02-27FY2013 · Revenue $17.81B · Net income $235.0M · 0001573516-16-000051 · filed 2016-02-26FY13Revenue $17.81BNet income $235.0M0001573516-16-000051 · filed 2016-02-26FY2014 · Revenue $16.99B · Net income $243.9M · 0001573516-17-000006 · filed 2017-02-22FY14Revenue $16.99BNet income $243.9M0001573516-17-000006 · filed 2017-02-22FY2015 · Revenue $12.70B · Net income $176.3M · 0001573516-18-000010 · filed 2018-02-20FY15Revenue $12.70BNet income $176.3M0001573516-18-000010 · filed 2018-02-20FY2016 · Revenue $11.59B · Net income $221.5M · 0001573516-19-000012 · filed 2019-02-19FY16Revenue $11.59BNet income $221.5M0001573516-19-000012 · filed 2019-02-19FY2017 · Revenue $12.83B · Net income $245.3M · 0001573516-20-000007 · filed 2020-02-18FY17Revenue $12.83BNet income $245.3M0001573516-20-000007 · filed 2020-02-18FY2018 · Revenue $14.36B · Net income $213.6M · 0001573516-21-000017 · filed 2021-02-19FY18Revenue $14.36BNet income $213.6M0001573516-21-000017 · filed 2021-02-19FY2019 · Revenue $14.03B · Net income $154.8M · 0001573516-22-000006 · filed 2022-02-17FY19Revenue $14.03BNet income $154.8M0001573516-22-000006 · filed 2022-02-17FY2020 · Revenue $11.26B · Net income $386.1M · 0001573516-23-000011 · filed 2023-02-15FY20Revenue $11.26BNet income $386.1M0001573516-23-000011 · filed 2023-02-15FY2021 · Revenue $17.36B · Net income $396.9M · 0001573516-24-000007 · filed 2024-02-16FY21Revenue $17.36BNet income $396.9M0001573516-24-000007 · filed 2024-02-16FY2022 · Revenue $23.45B · Net income $672.9M · 0001573516-24-000007 · filed 2024-02-16 · 0001573516-25-000010 · filed 2025-02-20FY22Revenue $23.45BNet income $672.9M0001573516-24-000007 · filed 2024-02-16 · 0001573516-25-000010 · filed 2025-02-20FY2023 · Revenue $21.53B · Net income $556.8M · 0001573516-24-000007 · filed 2024-02-16 · 0001573516-26-000090 · filed 2026-02-18FY23Revenue $21.53BNet income $556.8M0001573516-24-000007 · filed 2024-02-16 · 0001573516-26-000090 · filed 2026-02-18FY2024 · Revenue $20.24B · Net income $502.5M · 0001573516-26-000090 · filed 2026-02-18FY24Revenue $20.24BNet income $502.5M0001573516-26-000090 · filed 2026-02-18FY2025 · Revenue $19.38B · Net income $470.6M · 0001573516-26-000090 · filed 2026-02-18FY25Revenue $19.38BNet income $470.6M0001573516-26-000090 · filed 2026-02-18FY25Revenue $19.38BNet income $470.6M0001573516-26-000090 · filed 2026-02-18FY11FY13FY15FY17FY19FY21FY23FY25

net margin 1.7% → 2.4%

MarginsNet marginFCF margin
0%1%2%3%FY2011 · Net margin 1.7% · FCF margin 0.5%FY11Net margin 1.7%FCF margin 0.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 0.4% · FCF margin 0.7%FY12Net margin 0.4%FCF margin 0.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 1.3% · FCF margin 1.1%FY13Net margin 1.3%FCF margin 1.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 1.4% · FCF margin 1.0%FY14Net margin 1.4%FCF margin 1.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 1.4% · FCF margin 0.1%FY15Net margin 1.4%FCF margin 0.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 1.9% · FCF margin 0.6%FY16Net margin 1.9%FCF margin 0.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 1.9% · FCF margin 0.2%FY17Net margin 1.9%FCF margin 0.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 1.5% · FCF margin 1.4%FY18Net margin 1.5%FCF margin 1.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 1.1% · FCF margin 0.8%FY19Net margin 1.1%FCF margin 0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 3.4% · FCF margin 3.0%FY20Net margin 3.4%FCF margin 3.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 2.3% · FCF margin 2.7%FY21Net margin 2.3%FCF margin 2.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 2.9% · FCF margin 2.9%FY22Net margin 2.9%FCF margin 2.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 2.6% · FCF margin 2.1%FY23Net margin 2.6%FCF margin 2.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 2.5% · FCF margin 1.9%FY24Net margin 2.5%FCF margin 1.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 2.4% · FCF margin 1.9%FY25Net margin 2.4%FCF margin 1.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 2.4%FCF margin 1.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’13’16’19’22’25

FY2025: net 2.4% · free cash flow 1.9% of revenue

Cash engineOperating cash flowFree cash flow
$0$500M$1BFY2011 · OCF $188.4M · FCF $88.6M · 0001573516-14-000005 · filed 2014-02-28FY11OCF $188.4MFCF $88.6M0001573516-14-000005 · filed 2014-02-28FY2012 · OCF $237.4M · FCF $132.9M · 0001573516-15-000008 · filed 2015-02-27FY12OCF $237.4MFCF $132.9M0001573516-15-000008 · filed 2015-02-27FY2013 · OCF $356.7M · FCF $193.4M · 0001573516-16-000051 · filed 2016-02-26FY13OCF $356.7MFCF $193.4M0001573516-16-000051 · filed 2016-02-26FY2014 · OCF $305.6M · FCF $170.2M · 0001573516-17-000006 · filed 2017-02-22FY14OCF $305.6MFCF $170.2M0001573516-17-000006 · filed 2017-02-22FY2015 · OCF $215.8M · FCF $10.6M · 0001573516-18-000010 · filed 2018-02-20FY15OCF $215.8MFCF $10.6M0001573516-18-000010 · filed 2018-02-20FY2016 · OCF $337.4M · FCF $75.3M · 0001573516-19-000012 · filed 2019-02-19FY16OCF $337.4MFCF $75.3M0001573516-19-000012 · filed 2019-02-19FY2017 · OCF $283.6M · FCF $25.3M · 0001573516-20-000007 · filed 2020-02-18FY17OCF $283.6MFCF $25.3M0001573516-20-000007 · filed 2020-02-18FY2018 · OCF $398.7M · FCF $194.4M · 0001573516-21-000017 · filed 2021-02-19FY18OCF $398.7MFCF $194.4M0001573516-21-000017 · filed 2021-02-19FY2019 · OCF $313.3M · FCF $108.5M · 0001573516-22-000006 · filed 2022-02-17FY19OCF $313.3MFCF $108.5M0001573516-22-000006 · filed 2022-02-17FY2020 · OCF $563.7M · FCF $333.0M · 0001573516-23-000011 · filed 2023-02-15FY20OCF $563.7MFCF $333.0M0001573516-23-000011 · filed 2023-02-15FY2021 · OCF $737.4M · FCF $462.7M · 0001573516-24-000007 · filed 2024-02-16FY21OCF $737.4MFCF $462.7M0001573516-24-000007 · filed 2024-02-16FY2022 · OCF $994.7M · FCF $689.4M · 0001573516-25-000010 · filed 2025-02-20FY22OCF $994.7MFCF $689.4M0001573516-25-000010 · filed 2025-02-20FY2023 · OCF $784.0M · FCF $448.4M · 0001573516-26-000090 · filed 2026-02-18FY23OCF $784.0MFCF $448.4M0001573516-26-000090 · filed 2026-02-18FY2024 · OCF $847.6M · FCF $389.5M · 0001573516-26-000090 · filed 2026-02-18FY24OCF $847.6MFCF $389.5M0001573516-26-000090 · filed 2026-02-18FY2025 · OCF $813.9M · FCF $374.3M · 0001573516-26-000090 · filed 2026-02-18FY25OCF $813.9MFCF $374.3M0001573516-26-000090 · filed 2026-02-18FY25OCF $813.9MFCF $374.3M0001573516-26-000090 · filed 2026-02-18’13’16’19’22’25

FY2025: $813.9M operating cash − $439.6M capex = $374.3M free cash flow

Returns on capitalReturn on equityReturn on assets
0%50%100%FY2012 · ROE 7.6% · ROA 4.2%FY12ROE 7.6%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 35.8% · ROA 12.5%FY13ROE 35.8%ROA 12.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 28.4% · ROA 12.5%FY14ROE 28.4%ROA 12.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 22.3% · ROA 9.3%FY15ROE 22.3%ROA 9.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 31.8% · ROA 10.6%FY16ROE 31.8%ROA 10.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 33.2% · ROA 10.5%FY17ROE 33.2%ROA 10.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 26.5% · ROA 9.0%FY18ROE 26.5%ROA 9.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 19.3% · ROA 5.8%FY19ROE 19.3%ROA 5.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 49.2% · ROA 14.4%FY20ROE 49.2%ROA 14.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 49.2% · ROA 9.8%FY21ROE 49.2%ROA 9.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 105.0% · ROA 16.3%FY22ROE 105.0%ROA 16.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 67.2% · ROA 12.8%FY23ROE 67.2%ROA 12.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 59.8% · ROA 11.1%FY24ROE 59.8%ROA 11.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 75.5% · ROA 10.0%FY25ROE 75.5%ROA 10.0%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 75.5%ROA 10.0%derived: net income ÷ equity · derived: net income ÷ assets’13’16’19’22’25

return on equity 8% (FY2012) → 75% (FY2025) · on assets 10.0%

Balance sheetLiabilitiesEquity
$0$2B$4BFY2012 · Liabilities $888.0M · Equity $1.10BFY12Liabilities $888.0MEquity $1.10B0001573516-14-000005 · filed 2014-02-28FY2013 · Liabilities $1.22B · Equity $656.3MFY13Liabilities $1.22BEquity $656.3M0001573516-15-000008 · filed 2015-02-27FY2014 · Liabilities $1.09B · Equity $858.7MFY14Liabilities $1.09BEquity $858.7M0001573516-16-000051 · filed 2016-02-26FY2015 · Liabilities $1.09B · Equity $792.3MFY15Liabilities $1.09BEquity $792.3M0001573516-17-000006 · filed 2017-02-22FY2016 · Liabilities $1.39B · Equity $697.1MFY16Liabilities $1.39BEquity $697.1M0001573516-18-000010 · filed 2018-02-20FY2017 · Liabilities $1.59B · Equity $738.4MFY17Liabilities $1.59BEquity $738.4M0001573516-19-000012 · filed 2019-02-19FY2018 · Liabilities $1.55B · Equity $807.3MFY18Liabilities $1.55BEquity $807.3M0001573516-20-000007 · filed 2020-02-18FY2019 · Liabilities $1.88B · Equity $803.0MFY19Liabilities $1.88BEquity $803.0M0001573516-21-000017 · filed 2021-02-19FY2020 · Liabilities $1.90B · Equity $784.1MFY20Liabilities $1.90BEquity $784.1M0001573516-22-000006 · filed 2022-02-17FY2021 · Liabilities $3.24B · Equity $807.2MFY21Liabilities $3.24BEquity $807.2M0001573516-23-000011 · filed 2023-02-15FY2022 · Liabilities $3.48B · Equity $640.7MFY22Liabilities $3.48BEquity $640.7M0001573516-24-000007 · filed 2024-02-16FY2023 · Liabilities $3.51B · Equity $828.9MFY23Liabilities $3.51BEquity $828.9M0001573516-25-000010 · filed 2025-02-20FY2024 · Liabilities $3.70B · Equity $840.1MFY24Liabilities $3.70BEquity $840.1M0001573516-26-000090 · filed 2026-02-18FY2025 · Liabilities $4.10B · Equity $623.5MFY25Liabilities $4.10BEquity $623.5M0001573516-26-000090 · filed 2026-02-18FY25Liabilities $4.10BEquity $623.5M0001573516-26-000090 · filed 2026-02-18’13’16’19’22’25

FY2025: $4.73B assets · $4.10B liabilities · $623.5M equity

The receipts