What are Marathon Petroleum's profit margins?

Marathon Petroleum (MPC) runs a 10.4% gross margin and a 6.7% operating margin, with a 3.4% net margin.

Where do Marathon Petroleum's ratios come from?

Every ratio is computed from Marathon Petroleum's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Marathon Petroleum MPC Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	38%+1.9pp	36.1%+0.9pp	35.3%-0.6pp	35.8%-2.7pp	38.6%-3.4pp
Operating margin	22%+2.5pp	19.5%+1.4pp	18.1%-0.6pp	18.7%-3.7pp	22.5%-4.2pp
Net margin	10.2%+1.7pp	8.6%+0.6pp	8%-1.0pp	9%-3.3pp	12.3%-3.6pp
EBITDA margin	31.7%+2.5pp	29.2%+1.4pp	27.8%-0.5pp	28.3%-3.5pp	31.9%-4.1pp
Free cash flow margin	13.7%+1.0pp	12.8%-0.8pp	13.6%-0.5pp	14.1%-3.2pp	17.4%-3.3pp
Returns
Return on equity	78.3%+15.6pp	62.7%+6.7pp	56%-4.2pp	60.2%-19.3pp	79.5%-19.3pp
Return on assets	16.6%+2.5pp	14%+0.8pp	13.2%-1.8pp	15%-5.8pp	20.8%-6.2pp
Return on invested capital	156.1%+21.8pp	134.3%+11.9pp	122.4%-3.2pp	125.6%-21.7pp	147.4%-19.5pp
Efficiency
Asset turnover	6.5×-0.1×	6.5×-0.1×	6.6×0.0×	6.6×-0.1×	6.7×0.0×
Inventory turnover	48.1×-1.0×	49.1×-1.2×	50.4×-0.5×	50.9×-1.3×	52.2×-0.4×
Liquidity
Current ratio	5×0.0×	5×+0.1×	4.9×+0.1×	4.8×-0.1×	4.9×-0.2×
Quick ratio	3×0.0×	3×0.0×	2.9×0.0×	2.9×-0.2×	3.1×-0.3×
Cash ratio	0.5×-0.1×	0.6×0.0×	0.6×0.0×	0.6×-0.1×	0.7×0.0×
Leverage
Debt-to-equity	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.3×0.0×	0.3×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Net debt / EBITDA	-0.3×+0.2×	-0.6×0.0×	-0.6×+0.1×	-0.7×+0.2×	-0.9×-0.2×
Per Share
Book value per share	$223.76+2.0%	$219.36+2.1%	$214.81-0.4%	$215.60-3.0%	$222.37-4.7%
Valuation
Market capitalization	$230.17B+13.0%	$203.65B+2.0%	$199.6B+0.9%	$197.86B-5.8%	$210.01B-11.7%
Enterprise value	$226.44B+14.4%	$197.98B+1.9%	$194.22B+1.7%	$190.94B-4.6%	$200.13B-12.4%
Price / earnings	71.7×-3.1×	74.8×-0.9×	75.8×+7.8×	68×+15.0×	53×+9.4×
Price / sales	1.7×+0.2×	1.5×0.0×	1.5×0.0×	1.4×0.0×	1.5×-0.2×
Price / book	13.6×+1.5×	12.1×+0.3×	11.8×+0.4×	11.4×+0.1×	11.2×-0.4×
EV / EBITDA	21.5×+1.1×	20.4×-0.2×	20.6×+1.0×	19.7×+1.8×	17.8×+0.2×
EV / sales	1.7×+0.2×	1.5×0.0×	1.4×0.0×	1.4×0.0×	1.4×-0.2×
Free cash flow yield	32.2%-1.9pp	34.1%-3.9pp	38%-2.1pp	40%-6.8pp	46.9%-3.3pp
Earnings yield	23.8%+1.1pp	22.8%+0.6pp	22.2%-3.0pp	25.2%-7.2pp	32.4%-5.4pp
Dividend yield	8.1%-0.9pp	9%-0.2pp	9.2%-0.1pp	9.4%+0.3pp	9.1%+0.8pp

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Questions, answered.

What are Marathon Petroleum's profit margins?: Marathon Petroleum (MPC) runs a 10.4% gross margin and a 6.7% operating margin, with a 3.4% net margin.
Where do Marathon Petroleum's ratios come from?: Every ratio is computed from Marathon Petroleum's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.