Investing
CapEx
Marathon Petroleum CapEx increased by 24.7% to $1.18B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 45.8%, from $810.00M to $1.18B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 24.2% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $302.00M | $377.00M | $481.00M | $495.00M | $498.00M | $701.00M | $726.00M | $457.00M | $481.00M | $420.00M | $532.00M | $585.00M | $487.00M | $651.00M | $810.00M | $663.00M | $695.00M | $947.00M | $1.18B |
| QoQ Change | — | +24.8% | +27.6% | +2.9% | +0.6% | +40.8% | +3.6% | -37.1% | +5.3% | -12.7% | +26.7% | +10.0% | -16.8% | +33.7% | +24.4% | -18.1% | +4.8% | +36.3% | +24.7% |
| YoY Change | — | — | — | — | +64.9% | +85.9% | +50.9% | -7.7% | -3.4% | -40.1% | -26.7% | +28.0% | +1.2% | +55.0% | +52.3% | +13.3% | +42.7% | +45.5% | +45.8% |
Range$302.00M – $1.18B
CAGR+35.4%
Avg YoY Growth+27.2%
Median YoY Growth+42.7%
Current Streak3 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is Marathon Petroleum's capex?
- Marathon Petroleum (MPC) reported capex of $1.18B in Q4 2025.
- How has Marathon Petroleum's capex changed year-over-year?
- Marathon Petroleum's capex increased by 45.8% year-over-year, from $810.00M to $1.18B.
- What is the long-term trend for Marathon Petroleum's capex?
- Over 4 years (2021 to 2025), Marathon Petroleum's capex has grown at a 24.2% compound annual growth rate (CAGR), from $1.46B to $3.49B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.