Marathon Petroleum Corporation

NYSE:MPC Stock Report

Market Cap: US$42.3b

Marathon Petroleum Past Earnings Performance

Past criteria checks 2/6

Marathon Petroleum has been growing earnings at an average annual rate of 51.1%, while the Oil and Gas industry saw earnings growing at 40.4% annually. Revenues have been growing at an average rate of 12.7% per year. Marathon Petroleum's return on equity is 24%, and it has net margins of 3.2%.

Key information

51.1%

Earnings growth rate

54.6%

EPS growth rate

Oil and Gas Industry Growth33.7%
Revenue growth rate12.7%
Return on equity24.0%
Net Margin3.2%
Next Earnings Update04 Feb 2025

Recent past performance updates

Recent updates

Marathon Petroleum Corporation's (NYSE:MPC) Shares Lagging The Market But So Is The Business

Dec 13
Marathon Petroleum Corporation's (NYSE:MPC) Shares Lagging The Market But So Is The Business

Marathon Petroleum Corporation Just Recorded A 46% EPS Beat: Here's What Analysts Are Forecasting Next

Nov 07
Marathon Petroleum Corporation Just Recorded A 46% EPS Beat: Here's What Analysts Are Forecasting Next

Marathon Petroleum: Shares Are Attractive Despite Muted Q3 Results

Nov 06

Marathon Petroleum (NYSE:MPC) Is Increasing Its Dividend To $0.91

Nov 03
Marathon Petroleum (NYSE:MPC) Is Increasing Its Dividend To $0.91

Framing Marathon Petroleum Financials With Unexpected Weak Spreads (Knees)

Oct 20

Is Marathon Petroleum (NYSE:MPC) Using Too Much Debt?

Oct 19
Is Marathon Petroleum (NYSE:MPC) Using Too Much Debt?

An Intrinsic Calculation For Marathon Petroleum Corporation (NYSE:MPC) Suggests It's 47% Undervalued

Oct 01
An Intrinsic Calculation For Marathon Petroleum Corporation (NYSE:MPC) Suggests It's 47% Undervalued

Marathon Petroleum: At An Inflection Point, Downgraded To Hold

Sep 26

Marathon Petroleum Corporation: A Solid Oil Refiner Despite Sector Weakness

Sep 16

Marathon Petroleum Corporation's (NYSE:MPC) Shares Lagging The Market But So Is The Business

Aug 31
Marathon Petroleum Corporation's (NYSE:MPC) Shares Lagging The Market But So Is The Business

Newsflash: Marathon Petroleum Corporation (NYSE:MPC) Analysts Have Been Trimming Their Revenue Forecasts

Aug 07
Newsflash: Marathon Petroleum Corporation (NYSE:MPC) Analysts Have Been Trimming Their Revenue Forecasts

Marathon Petroleum: Recent Pullback Creates Opportunity Given Share Repurchases (Upgrade)

Jul 10

Is There An Opportunity With Marathon Petroleum Corporation's (NYSE:MPC) 22% Undervaluation?

Jun 21
Is There An Opportunity With Marathon Petroleum Corporation's (NYSE:MPC) 22% Undervaluation?

These 4 Measures Indicate That Marathon Petroleum (NYSE:MPC) Is Using Debt Reasonably Well

May 22
These 4 Measures Indicate That Marathon Petroleum (NYSE:MPC) Is Using Debt Reasonably Well

Marathon Petroleum: The Buyback King Of The Energy Sector Continues To Shine

May 02

Analysts Are Updating Their Marathon Petroleum Corporation (NYSE:MPC) Estimates After Its First-Quarter Results

May 02
Analysts Are Updating Their Marathon Petroleum Corporation (NYSE:MPC) Estimates After Its First-Quarter Results

Marathon Petroleum: Still Has Gas In The Tank After 100% Returns

Apr 08

Marathon: Share Repurchases Continue To Generate Value (Downgrade)

Mar 15

22% Return Per Year Since 2012 - How Unstoppable Is Marathon Petroleum?

Feb 20

Does Marathon Petroleum (NYSE:MPC) Have A Healthy Balance Sheet?

Feb 19
Does Marathon Petroleum (NYSE:MPC) Have A Healthy Balance Sheet?

Calculating The Fair Value Of Marathon Petroleum Corporation (NYSE:MPC)

Jan 21
Calculating The Fair Value Of Marathon Petroleum Corporation (NYSE:MPC)

Marathon Petroleum's Comfortable Market Position Suggests A Buy On Weakness

Jan 19

Earnings Working Against Marathon Petroleum Corporation's (NYSE:MPC) Share Price

Jan 03
Earnings Working Against Marathon Petroleum Corporation's (NYSE:MPC) Share Price

Marathon Petroleum Still A Buy For The Long Haul

Jan 02

Marathon Petroleum: In It For The Long Run

Dec 19

Marathon Petroleum: Sum Of The Parts Upside Remains

Nov 25

Marathon Petroleum Is A Buyback Monster

Nov 09

Marathon Petroleum: Gasoline Crack Spread Plunges, 2024 Earnings Outlook In Question

Oct 19

Marathon Petroleum: Oil Price Shock Spells Trouble For Refining Margins (Rating Downgrade)

Oct 10

Marathon Petroleum: An Impressive Ascension, But It May Not Last Forever

Sep 19

Marathon Petroleum: Elevated Crack Spreads And Share Repurchases Make This Attractive

Sep 06

Marathon Petroleum: Investing In The Fossil Fuel 'Supernova'

Aug 09

Marathon Petroleum Q2 Earnings: Why This Stock Is An Attractive Investment

Aug 01

Marathon Petroleum: Potential Positive Returns With Tight Markets

Jul 06

What To Make Of Marathon Petroleum's Dividend

Jun 21

The Dividend Investor's Oil Playbook - Part 2

Jun 01

Revenue & Expenses Breakdown

How Marathon Petroleum makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:MPC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24142,6704,5213,1860
30 Jun 24148,7727,1773,1830
31 Mar 24147,3947,8883,0500
31 Dec 23149,3489,6722,9500
30 Sep 23152,72911,4702,9130
30 Jun 23157,47712,6662,8140
31 Mar 23174,91716,3112,8610
31 Dec 22178,23614,4362,7750
30 Sep 22173,75611,9622,6670
30 Jun 22160,2418,1812,6530
31 Mar 22135,9232,6092,6080
31 Dec 21120,4511,2882,6010
30 Sep 21103,0334752,5860
30 Jun 2187,972-1,4752,5740
31 Mar 2170,457-1,9562,5570
31 Dec 2069,896-11,0322,7210
30 Sep 2079,918-10,7342,8810
30 Jun 2090,070-8,6362,9690
31 Mar 20105,214-7,7153,0710
31 Dec 19111,2751,8303,1960
30 Sep 19115,6462,5233,3060
30 Jun 19111,0992,4193,0290
31 Mar 19106,0982,7352,6890
31 Dec 1886,2842,1062,0850
30 Sep 1885,4493,8431,8320
30 Jun 1881,7164,0081,7540
31 Mar 1877,6183,4371,7270
31 Dec 1775,0533,4301,7430
30 Sep 1769,2511,6421,6060
30 Jun 1764,7028851,6140
31 Mar 1761,3851,2021,6160
31 Dec 1663,5171,1731,6050
30 Sep 1654,3721,1321,6020
30 Jun 1656,3641,9351,5740
31 Mar 1660,0401,9591,5660
31 Dec 1564,4712,8481,5460
30 Sep 1571,1113,4591,5000
30 Jun 1578,1943,1821,4500
31 Mar 1584,8483,2111,3730
31 Dec 1491,2542,5201,3610
30 Sep 1494,2302,3471,3400
30 Jun 1495,0351,8441,3030
31 Mar 1493,8571,5831,3450
31 Dec 1393,9492,1081,2480

Quality Earnings: MPC has high quality earnings.

Growing Profit Margin: MPC's current net profit margins (3.2%) are lower than last year (7.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MPC's earnings have grown significantly by 51.1% per year over the past 5 years.

Accelerating Growth: MPC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MPC had negative earnings growth (-60.6%) over the past year, making it difficult to compare to the Oil and Gas industry average (-14.2%).

Return on Equity

High ROE: Whilst MPC's Return on Equity (23.95%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 04:48
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Marathon Petroleum Corporation is covered by 36 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yim ChengBarclays
Theresa ChenBarclays
Phillip JungwirthBMO Capital Markets Equity Research