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%-0.5pp	36.1%-5.8pp	35.3%-11.0pp	35.8%-15.5pp	38.6%-16.3pp
Operating margin	22%-0.5pp	19.5%-7.2pp	18.1%-13.5pp	18.7%-18.3pp	22.5%-18.8pp
Net margin	10.2%-2.1pp	8.6%-7.3pp	8%-12.0pp	9%-15.4pp	12.3%-15.4pp
EBITDA margin	31.7%-0.1pp	29.2%-6.8pp	27.8%-12.9pp	28.3%-17.6pp	31.9%-18.1pp
Free cash flow margin	13.7%-3.6pp	12.8%-7.9pp	13.6%-10.9pp	14.1%-16.7pp	17.4%-15.5pp
Returns
Return on equity	78.3%-1.2pp	62.7%-36.1pp	56%-63.6pp	60.2%-83.5pp	79.5%-82.7pp
Return on assets	16.6%-4.2pp	14%-13.0pp	13.2%-20.6pp	15%-26.4pp	20.8%-26.1pp
Return on invested capital	156.1%+8.7pp	134.3%-32.5pp	122.4%-69.2pp	125.6%-95.9pp	147.4%-103pp
Efficiency
Asset turnover	6.5×-0.2×	6.5×-0.2×	6.6×-0.2×	6.6×-0.2×	6.7×-0.1×
Inventory turnover	48.1×-4.1×	49.1×-3.5×	50.4×-3.0×	50.9×-2.7×	52.2×-0.8×
Liquidity
Current ratio	5×+0.1×	5×-0.1×	4.9×-0.7×	4.8×-1.2×	4.9×-1.6×
Quick ratio	3×-0.1×	3×-0.4×	2.9×-0.8×	2.9×-1.3×	3.1×-1.5×
Cash ratio	0.5×-0.2×	0.6×-0.1×	0.6×-0.2×	0.6×-0.4×	0.7×-0.5×
Leverage
Debt-to-equity	0.4×+0.1×	0.4×+0.1×	0.4×+0.1×	0.3×+0.1×	0.3×+0.1×
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×+0.5×	-0.6×+0.1×	-0.6×+0.2×	-0.7×+0.2×	-0.9×+0.1×
Per Share
Book value per share	$223.76+0.6%	$219.36-6.0%	$214.81-10.8%	$215.60-13.5%	$222.37-10.9%
Valuation
Market capitalization	$230.17B+9.6%	$203.65B-14.3%	$199.6B-19.7%	$197.86B-21.3%	$210.01B-10.4%
Enterprise value	$226.44B+13.1%	$197.98B-13.4%	$194.22B-18.0%	$190.94B-18.9%	$200.13B-7.2%
Price / earnings	71.7×+18.7×	74.8×+31.2×	75.8×+39.4×	68×+39.1×	53×+29.2×
Price / sales	1.7×+0.2×	1.5×-0.1×	1.5×-0.2×	1.4×-0.3×	1.5×-0.1×
Price / book	13.6×+2.3×	12.1×+0.4×	11.8×+0.3×	11.4×+0.6×	11.2×+1.7×
EV / EBITDA	21.5×+3.7×	20.4×+2.8×	20.6×+4.4×	19.7×+5.5×	17.8×+5.9×
EV / sales	1.7×+0.3×	1.5×-0.1×	1.4×-0.2×	1.4×-0.2×	1.4×0.0×
Free cash flow yield	32.2%-14.7pp	34.1%-16.1pp	38%-20.4pp	40%-34.6pp	46.9%-41.1pp
Earnings yield	23.8%-8.6pp	22.8%-15.1pp	22.2%-25.4pp	25.2%-33.7pp	32.4%-42.9pp
Dividend yield	8.1%-1.0pp	9%+0.8pp	9.2%+1.3pp	9.4%+1.4pp	9.1%+0.1pp

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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.