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MPLX MPLX Net margin

Net margin at other companies

Enterprise Products Partners logo
Enterprise Products PartnersEPD
11.4%+1.2pp
Energy Transfer logo
Energy TransferET
4.7%-1.2pp
Kinder Morgan logo
Kinder MorganKMI
18.9%+2.2pp
Devon Energy logo
Devon EnergyDVN
13.7%-2.9pp
Oneok logo
OneokOKE
10%-2.1pp
TRG
Targa ResourcesTRGP
12.9%+4.9pp

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
FCF margin30.2%-9.4pp

Returns & leverage

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Current ratio1.1×0.0×

Where this comes from

Calculated from MPLX’s reported figures.

Based on trailing twelve months.

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 net margin?
MPLX (MPLX) reported net margin of 36.7% in Q1 2026.
How has MPLX's net margin changed year-over-year?
MPLX's net margin increased by 0.1% year-over-year, from 36.7% to 36.7%.
What is the long-term trend for MPLX's net margin?
Over 4 years (2021 to 2025), MPLX's net margin has grown at a 4.9% compound annual growth rate (CAGR), from 122.6% to 148.5%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.