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Marathon Petroleum MPC Operating margin

Operating margin at other companies

Valero Energy logo
Valero EnergyVLO
4.7%+3.7pp
Permian Resources logo
Permian ResourcesPR
28.1%-6.6pp
Enterprise Products Partners logo
Enterprise Products PartnersEPD
14.4%+1.6pp
Oneok logo
OneokOKE
16.9%-3.7pp
Williams Companies logo
Williams CompaniesWMB
34.3%-0.2pp
Energy Transfer logo
Energy TransferET
10.3%-1.0pp

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
Net margin3.4%+1.7pp

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

Calculated from Marathon Petroleum’s reported figures.

Based on trailing twelve months.

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 operating margin?
Marathon Petroleum (MPC) reported operating margin of 6.7% in Q1 2026.
How has Marathon Petroleum's operating margin changed year-over-year?
Marathon Petroleum's operating margin increased by 60.7% year-over-year, from 4.1% to 6.7%.
What is the long-term trend for Marathon Petroleum's operating margin?
Over 4 years (2021 to 2025), Marathon Petroleum's operating margin has grown at a 28.3% compound annual growth rate (CAGR), from 7.2% to 19.5%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.