Revenue
$132.70B
Fiscal year ended 2025-12-31Operating income
$8.29B
Fiscal year ended 2025-12-31Free cash flow
$4.77B
Fiscal year ended 2025-12-31Marathon Petroleum Corp (MPC) reported revenue of $132.70B and net income of $4.05B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Marathon Petroleum Corp’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Petroleum Refining.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $132.70B | $138.86B | $148.38B | $177.45B | $119.98B | $69.78B | $111.15B | $86.09B | $74.73B | $63.28B |
| Cost of revenue | $119.45B | $126.24B | $128.57B | $151.67B | $110.01B | $65.73B | $99.23B | $77.05B | $67.09B | $56.68B |
| Gross profit | $13.25B | $12.62B | $19.81B | $25.78B | $9.98B | $4.05B | $11.92B | $9.04B | $7.64B | $6.60B |
| Operating income | $8.29B | $6.80B | $14.51B | $21.47B | $4.30B | -$12.25B | $4.46B | $4.69B | $4.02B | $2.39B |
| Net income | $4.05B | $3.44B | $9.68B | $14.52B | $9.74B | -$9.83B | $2.64B | $2.78B | $3.43B | $1.17B |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 306.00M | shares 341.00M | shares 409.00M | shares 516.00M | shares 638.00M | shares 649.00M | shares 664.00M | shares 526.00M | shares 512.00M | shares 530.00M |
| Pretax income | $7.02B | $5.96B | $13.99B | $20.47B | $2.82B | -$13.61B | $3.23B | $3.70B | $3.34B | $1.82B |
| Income tax expense | $1.14B | $890.00M | $2.82B | $4.49B | $264.00M | -$2.43B | $784.00M | $764.00M | -$460.00M | $609.00M |
| Diluted EPS | $13.22 | $10.08 | $23.63 | $28.12 | $15.24 | $-15.13 | $3.97 | $5.28 | $6.70 | $2.21 |
| Selling, general & administrative | $3.35B | $3.22B | $3.04B | $2.77B | $2.54B | $2.71B | $3.19B | $2.28B | $1.69B | $1.60B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $3.67B | $3.21B | $5.44B | $8.62B | $5.29B | $415.00M | $1.39B | $1.69B | $3.01B | $887.00M |
| Total assets | $83.96B | $78.86B | $85.99B | $89.90B | $85.37B | $85.16B | $98.56B | $92.94B | $49.05B | $44.41B |
| Current assets | $24.78B | $24.45B | $32.13B | $35.24B | $30.50B | $28.29B | $30.46B | $18.02B | $13.40B | $10.40B |
| Total liabilities | $59.87B | $54.35B | $54.59B | $54.82B | $51.79B | $54.94B | $55.45B | $47.89B | $27.22B | $23.21B |
| Current liabilities | $19.68B | $20.83B | $20.15B | $20.02B | $17.90B | $15.66B | $16.95B | $13.22B | $10.48B | $7.15B |
| Total equity incl. NCI | $24.09B | $24.30B | $30.50B | $34.12B | $32.62B | $29.25B | $42.14B | $44.05B | $20.83B | $20.20B |
| Temporary (mezzanine) equity | $0 | $203.00M | $895.00M | $968.00M | $965.00M | $968.00M | $968.00M | $1.00B | $1.00B | $1.00B |
| Inventory | $10.13B | $9.57B | $9.32B | $8.83B | $8.06B | $8.00B | $9.80B | $9.84B | $5.55B | $5.66B |
| Accounts receivable | $10.32B | $11.14B | $12.19B | $13.48B | $11.03B | $5.76B | $7.23B | $5.85B | $4.70B | $3.62B |
| Goodwill | $9.35B | $8.24B | $8.24B | $8.24B | $8.26B | $8.26B | $15.65B | $15.83B | $3.59B | $3.59B |
| Long-term debt | $30.50B | $24.43B | $25.33B | $25.63B | $24.97B | $28.73B | $28.02B | $26.98B | $12.32B | $10.54B |
| Accounts payable | $12.97B | $13.91B | $13.76B | $15.31B | $13.70B | $7.80B | $11.22B | $9.37B | $8.30B | $5.59B |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $8.25B | $8.66B | $14.12B | $16.36B | $4.36B | $2.42B | $9.44B | $6.16B | $6.61B | $4.02B |
| Capital expenditures | $3.49B | $2.53B | $1.89B | $2.42B | $1.46B | $2.79B | $4.81B | $3.18B | $2.73B | $2.89B |
| Investing cash flow | -$5.87B | $1.53B | -$3.10B | $623.00M | $14.80B | -$3.26B | -$6.26B | -$7.67B | -$3.40B | -$2.97B |
| Financing cash flow | -$1.92B | -$12.43B | -$14.21B | -$13.65B | -$14.42B | -$135.00M | -$3.38B | $222.00M | -$1.09B | -$1.29B |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $2.12B | -$240.00M |
| Stock-based compensation | $160.00M | $137.00M | $211.00M | $153.00M | $88.00M | $100.00M | $153.00M | $127.00M | $51.00M | $45.00M |
| Common dividends paid | $1.14B | $1.15B | $1.26B | $1.28B | $1.48B | $1.51B | $1.40B | $954.00M | $773.00M | $719.00M |
| Common share repurchases | $3.49B | $9.19B | $11.57B | $11.92B | $4.65B | $0 | $1.95B | $3.29B | $2.37B | $197.00M |
| Depreciation & amortization | $3.25B | $3.34B | $3.31B | $3.22B | $3.36B | $3.38B | $3.22B | $2.17B | $2.11B | $2.00B |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $4.77B | $6.13B | $12.23B | $13.94B | $2.90B | -$368.00M | $4.63B | $2.98B | $3.88B | $1.12B |
| Gross margin | 10.0% | 9.1% | 13.4% | 14.5% | 8.3% | 5.8% | 10.7% | 10.5% | 10.2% | 10.4% |
| Operating margin | 6.2% | 4.9% | 9.8% | 12.1% | 3.6% | -17.6% | 4.0% | 5.4% | 5.4% | 3.8% |
| FCF margin | 3.6% | 4.4% | 8.2% | 7.9% | 2.4% | -0.5% | 4.2% | 3.5% | 5.2% | 1.8% |
| SBC / revenue | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Current ratio | 1.26x | 1.17x | 1.59x | 1.76x | 1.70x | 1.81x | 1.80x | 1.36x | 1.28x | 1.46x |
| Revenue YoY growth | -4.4% | -6.4% | -16.4% | 47.9% | 71.9% | -37.2% | 29.1% | 15.2% | 18.1% | Unavailable |
| Net margin | 3.0% | 2.5% | 6.5% | 8.2% | 8.1% | -14.1% | 2.4% | 3.2% | 4.6% | 1.9% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 2.6% | 1.8% | 1.3% | 1.4% | 1.2% | 4.0% | 4.3% | 3.7% | 3.7% | 4.6% |
| Long-term debt / equity | 1.27x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 16.2% | 14.9% | 20.1% | 21.9% | 9.4% | Unavailable | 24.2% | 20.7% | -13.8% | 33.4% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MPC in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-05-06View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.