Goodwill
Marathon Petroleum Goodwill increased by 0.2% to $9.35B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 13.5%, from $8.24B to $9.35B. Over 5 years (FY 2020 to FY 2025), Goodwill shows an upward trend with a 2.5% CAGR.
Analysis
How to read this metric
High goodwill indicates a history of aggressive M&A; significant write-downs signal that acquired assets are underperforming expectations.
Detailed definition
Goodwill represents the premium paid over the fair market value of net identifiable assets during an acquisition. It ref...
Peer comparison
Common in industries with high M&A activity; peers are compared based on the ratio of goodwill to total equity.
goodwillHistorical Data
| 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 | $8.26B | $8.26B | $8.26B | $8.26B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $8.24B | $9.33B | $9.35B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -0.1% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +13.2% | +0.2% |
| YoY Change | — | — | — | — | -0.1% | -0.1% | -0.1% | -0.1% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +0.0% | +13.2% | +13.5% |
Business Segments
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|
| Midstream | $7.70B | $7.68B | $7.68B | $7.68B | $731.00M | $379.00M | $8.79B |
| Refining And Marketing | $561.00M | $561.00M | $561.00M | $561.00M | — | — | $561.00M |
| Total | $8.26B | $8.24B | $8.24B | $8.24B | $8.24B | $9.33B | $9.35B |
Refining And Marketing was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Goodwill at Other Companies
Frequently Asked Questions
- What is Marathon Petroleum's goodwill?
- Marathon Petroleum (MPC) reported goodwill of $9.35B in Q4 2025.
- How has Marathon Petroleum's goodwill changed year-over-year?
- Marathon Petroleum's goodwill increased by 13.5% year-over-year, from $8.24B to $9.35B.
- What is the long-term trend for Marathon Petroleum's goodwill?
- Over 5 years (2020 to 2025), Marathon Petroleum's goodwill has grown at a 2.5% compound annual growth rate (CAGR), from $8.26B to $9.35B.
- What does goodwill mean?
- The premium paid for an acquisition above the value of its tangible and identifiable assets.