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Marathon Petroleum MPC Refining And Marketing — Goodwill, Acquired During Period

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Midstream
$1.11B

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Other financials

Income statement

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Revenue$52.0B+53.8%
Gross profit$8.9B+137%
Operating income$7.3B+233%
Net income$5.1B+323%
EPS (diluted)$17.73+348%

Balance sheet

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Cash & equivalents$7.8B+364%
Total debt$32.8B+2,276%
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$83.62B+69.3%
Enterprise value$82.97B+121%
P/E9.8×-13.4×
P/S0.5×+0.2×

Profitability

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Gross margin12.5%+3.9pp
Operating margin9.2%+5.2pp
Net margin5.6%+4.0pp
FCF margin4.2%+1.0pp

Returns & leverage

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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:GoodwillAcquiredDuringPeriod.

The source filing: Marathon Petroleum’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 1:30 PM EST
Fiscal year
FY2025
Accession
0001510295-26-000009
(Millions of dollars)Refining & MarketingMidstreamTotal
Balance as of December 31, 2023$561$7,683$8,244
Impairment losses
Balance as of December 31, 20245617,6838,244
Acquisitions1,1101,110
Impairment losses
Balance as of December 31, 2025$561$8,793$9,354
Gross goodwill as of December 31, 2025$6,141$11,934$18,075
Accumulated impairment losses(5,580)(3,141)(8,721)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Marathon Petroleum's refining and marketing — goodwill, acquired during period?
Marathon Petroleum (MPC) reported refining and marketing — goodwill, acquired during period of $0 in Q4 2025.
What does refining and marketing — goodwill, acquired during period mean?
The amount of goodwill recognized on the balance sheet specifically resulting from business acquisitions completed within the current reporting period for the Refining and Marketing segment.

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