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MPLX MPLX Current ratio

Current ratio at other companies

Enterprise Products Partners logo
Enterprise Products PartnersEPD
0.9×+0.1×
Energy Transfer logo
Energy TransferET
1.2×0.0×
Kinder Morgan logo
Kinder MorganKMI
0.5×+0.1×
Devon Energy logo
Devon EnergyDVN
-0.1×
Oneok logo
OneokOKE
0.7×0.0×
TRG
Targa ResourcesTRGP
0.7×+0.1×

Other financials

Income statement

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Revenue$3.0B-2.8%
Operating income$1.2B-11.1%
Net income$922.0M-18.8%
EPS (diluted)$0.90-18.2%

Balance sheet

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Cash & equivalents$1.5B-40.6%
Total debt$267.0M-5.3%
Total assets$42.9B+10.2%

Cash flow

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Operating cash flow$1.3B+8.1%
CapEx$575.0M+115%
Free cash flow$772.0M-21.1%

Valuation

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Market cap$57.68B+5.9%
Enterprise value$56.44B+8.1%
P/E12.2×0.0×
P/S4.5×0.0×

Profitability

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Operating margin44.8%+0.6pp
Net margin36.7%0.0pp
FCF margin30.2%-9.4pp

Where this comes from

Calculated from MPLX’s reported figures.

Based on the most recent quarter.

The official record: MPLX’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MPLX's current ratio?
MPLX (MPLX) reported current ratio of 1.1× in Q1 2026.
How has MPLX's current ratio changed year-over-year?
MPLX's current ratio increased by 1.8% year-over-year, from 1.1× to 1.1×.
What is the long-term trend for MPLX's current ratio?
Over 4 years (2021 to 2025), MPLX's current ratio has grown at a 12.3% compound annual growth rate (CAGR), from 2.9× to 4.7×.
What does current ratio mean?
Whether the company has enough short-term assets to cover its short-term bills.
How do you interpret current ratio?
Above 1.0 means short-term assets cover short-term liabilities. Very high values can signal idle cash or bloated inventory/receivables rather than strength — there's a healthy middle, not 'more is better'.
How does current ratio compare across companies?
Comparable within an industry. Working-capital-light businesses can operate safely below 1.0 by collecting before they pay.