Marathon Petroleum Corp (MPC) Financial Statements
Industry: Petroleum Refining
In fiscal 2025, Marathon Petroleum reported revenue of $132.70B, down 4.4% from $138.86B the year before. Net income was $4.05B (a 3.0% net margin), or $13.22 per diluted share. Gross margin was 10.0% and operating margin was 6.2%. Operating activities generated $8.25B of cash, leaving $4.77B of free cash flow. At fiscal year end, Marathon Petroleum held $83.95B in total assets against $59.87B in total liabilities, including $3.67B of cash and equivalents.
Open the full interactive Marathon Petroleum financials → Quarterly statements, key ratios, valuation history and price charts.
Marathon Petroleum Key Stats
| Share Price | $476.98 |
|---|---|
| Market Cap | $138.32B |
| P/E Ratio | 36.1 |
| Revenue YoY Growth | -4.4% |
| 52-Week Range | $160.76 – $476.98 |
| Shares Outstanding | 289.0 million (basic, 2026 Q2) |
Marathon Petroleum Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $69.78B | $119.98B | $177.45B | $148.38B | $138.86B | $132.70B |
| Cost of Goods Sold | $65.73B | $110.01B | $151.67B | $128.57B | $126.24B | $119.45B |
| Gross Profit | $4.05B | $9.97B | $25.78B | $19.81B | $12.62B | $13.25B |
| Operating Income | -$12.25B | $4.30B | $21.47B | $14.51B | $6.80B | $8.29B |
| Pre-Tax Income | -$13.61B | $2.82B | $20.47B | $13.99B | $5.96B | $7.01B |
| Income Tax | -$2.43B | $264.0M | $4.49B | $2.82B | $890.0M | $1.14B |
| Net Income | -$9.83B | $9.74B | $14.52B | $9.68B | $3.44B | $4.05B |
| Diluted EPS | -$15.13 | $15.24 | $28.12 | $23.63 | $10.08 | $13.22 |
Marathon Petroleum Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $34.81B | $32.57B | $34.20B | $51.99B |
| Net Income | $1.37B | $1.53B | $511.0M | $5.14B |
| Diluted EPS | $4.51 | $5.02 | $1.73 | $17.73 |
Marathon Petroleum Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $415.0M | $5.29B | $8.62B | $5.44B | $3.21B | $3.67B |
| Current Assets | $28.29B | $30.50B | $35.24B | $32.13B | $24.45B | $24.78B |
| Total Assets | $85.16B | $85.37B | $89.90B | $85.99B | $78.86B | $83.95B |
| Current Liabilities | $15.66B | $17.90B | $20.02B | $20.15B | $20.83B | $19.68B |
| Total Long-Term Debt | $31.58B | $25.54B | $26.70B | $27.28B | $27.48B | $32.88B |
| Total Liabilities | $54.94B | $51.79B | $54.82B | $54.59B | $54.35B | $59.87B |
| Shareholders' Equity | $22.20B | $26.21B | $27.71B | $24.40B | $17.75B | $17.31B |
Marathon Petroleum Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.42B | $4.36B | $16.36B | $14.12B | $8.66B | $8.25B |
| Cash From Investing | -$3.26B | $14.80B | $623.0M | -$3.10B | $1.53B | -$5.87B |
| Cash From Financing | -$135.0M | -$14.42B | -$13.65B | -$14.21B | -$12.43B | -$1.92B |
| Free Cash Flow | -$368.0M | $2.90B | $13.94B | $12.23B | $6.13B | $4.77B |
Figures from Marathon Petroleum's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Marathon Petroleum financials page for every line item.
Marathon Petroleum Company Profile
| Ticker | MPC |
|---|---|
| Exchange | NYSE |
| Industry | Petroleum Refining |
| Headquarters | Findlay, Ohio |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001510295 |
Frequently Asked Questions
What was Marathon Petroleum's revenue in fiscal 2025?
Marathon Petroleum (MPC) reported revenue of $132.70B for fiscal 2025.
What is Marathon Petroleum's annual revenue history?
Marathon Petroleum's annual revenue by fiscal year: 2020: $69.78B; 2021: $119.98B; 2022: $177.45B; 2023: $148.38B; 2024: $138.86B; 2025: $132.70B.
What was Marathon Petroleum's net income in fiscal 2025?
Marathon Petroleum reported net income of $4.05B for fiscal 2025.
What was Marathon Petroleum's earnings per share (EPS) in fiscal 2025?
Marathon Petroleum's diluted EPS was $13.22 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Marathon Petroleum generate in fiscal 2025?
Marathon Petroleum generated $4.77B of free cash flow in fiscal 2025.
What was Marathon Petroleum's revenue last quarter?
In its most recent reported quarter (2026 Q2), Marathon Petroleum reported revenue of $51.99B.
How much debt does Marathon Petroleum have?
Marathon Petroleum reported $32.88B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Marathon Petroleum are outstanding?
Marathon Petroleum reported a weighted average of 289.0 million basic shares outstanding in 2026 Q2.
What is Marathon Petroleum's market cap?
Based on its latest closing price, Marathon Petroleum (MPC) has a market capitalization of about $138.32B.
When does Marathon Petroleum's fiscal year end?
Marathon Petroleum's fiscal year end, as registered with the SEC, is December 31.
Where is Marathon Petroleum headquartered?
Marathon Petroleum lists its business address in Findlay, Ohio in its SEC filings.