What is Marathon Petroleum's deferred taxes?

Marathon Petroleum (MPC) reported deferred taxes of $19M in Q1 2026.

How has Marathon Petroleum's deferred taxes changed year-over-year?

Marathon Petroleum's deferred taxes increased by 167.9% year-over-year, from -$28M to $19M.

What is the long-term trend for Marathon Petroleum's deferred taxes?

Over 3 years (2021 to 2025), Marathon Petroleum's deferred taxes has grown at a 17.2% compound annual growth rate (CAGR), from -$175M to $282M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

Marathon Petroleum MPC Deferred Taxes

Deferred Taxes at other companies

Par Pacific Holdings, Inc.PARR

$10.63M+254%

Valero EnergyVLO

-$397M-22.5%

PBF EnergyPBF

$57.9M+141%

Phillips 66PSX

$67M+150%

Delek US HoldingsDK

-$58.3M-58.0%

HF SinclairDINO

$93M+9,200%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$1.1B+1,852%

CapEx$913.0M+37.7%

Free cash flow$208.0M+129%

Valuation

See full

Market cap$74.64B+51.1%

Enterprise value$73.99B+50.7%

P/E16.1×-7.0×

P/S0.6×+0.2×

Profitability

See full

Gross margin10.4%+1.9pp

Operating margin6.7%+2.5pp

Net margin3.4%+1.7pp

FCF margin4.2%+1.0pp

Returns & leverage

See full

Return on equity27.9%+15.6pp

Debt / equity0.1×0.0×

Current ratio1.2×0.0×

Where this comes from

Reported directly by Marathon Petroleum in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

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

Ask your AI about Marathon Petroleum's deferred taxes.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Marathon Petroleum's deferred taxes?: Marathon Petroleum (MPC) reported deferred taxes of $19M in Q1 2026.
How has Marathon Petroleum's deferred taxes changed year-over-year?: Marathon Petroleum's deferred taxes increased by 167.9% year-over-year, from -$28M to $19M.
What is the long-term trend for Marathon Petroleum's deferred taxes?: Over 3 years (2021 to 2025), Marathon Petroleum's deferred taxes has grown at a 17.2% compound annual growth rate (CAGR), from -$175M to $282M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.