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Marathon Petroleum MPC Debt-to-equity

Debt-to-equity at other companies

Valero Energy logo
Valero EnergyVLO
0.5×0.0×
Exxon Mobil logo
Exxon MobilXOM
0.2×0.0×
Imperial Oil logo
Imperial OilIMO
0.2×0.0×
Permian Resources logo
Permian ResourcesPR
0.3×-0.1×
Enterprise Products Partners logo
Enterprise Products PartnersEPD
1.1×+0.1×
Chevron logo
ChevronCVX
0.2×0.0×

Other financials

Income statement

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Revenue$34.2B+8.5%
Gross profit$2.9B+36.3%
Operating income$1.4B+104%
Net income$511.0M+791%
EPS (diluted)$1.73+821%

Balance sheet

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Cash & equivalents$2.2B-43.6%
Total debt$1.5B+22.3%
Total equity$16.8B+2.2%
Total assets$88.2B+8.0%

Cash flow

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Operating cash flow$1.1B+1,852%
CapEx$913.0M+37.7%
Free cash flow$208.0M+129%

Valuation

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Market cap$0+58.4%

Profitability

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Gross margin10.4%+1.9pp
Operating margin6.7%+2.5pp
Net margin3.4%+1.7pp

Returns & leverage

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Return on equity27.9%+15.6pp
Current ratio1.2×0.0×

Where this comes from

Calculated from Marathon Petroleum’s reported figures.

Based on the most recent quarter.

The official record: Marathon Petroleum’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marathon Petroleum's debt-to-equity?
Marathon Petroleum (MPC) reported debt-to-equity of 0.1× in Q1 2026.
How has Marathon Petroleum's debt-to-equity changed year-over-year?
Marathon Petroleum's debt-to-equity increased by 19.8% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for Marathon Petroleum's debt-to-equity?
Over 4 years (2021 to 2025), Marathon Petroleum's debt-to-equity has grown at a 10.3% compound annual growth rate (CAGR), from 0.2× to 0.4×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.