Marathon Petroleum Corp
MPC- Exchange
- NYSE
- Industry
- Petroleum Refining
- SEC CIK
- 0001510295
In the last 90 days, Marathon Petroleum Corp insiders filed 0 open-market purchases and 5 sales; 1,963 institutions reported holding it in 13F filings for Q2 2026, worth $56.0B in total; Harris Associates (Oakmark) is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:16 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Feb 4, 2025 | Jan 30, 2024 | Jan 31, 2023 | Feb 2, 2022 |
| Revenue | $132.7B | $138.9B | $148.4B | $177.5B | $120.0B |
| Cost of revenue | $119.4B | $126.2B | $128.6B | $151.7B | $110.0B |
| Selling, general and administrative | $3.35B | $3.22B | $3.04B | $2.77B | $2.54B |
| Operating income | $8.29B | $6.80B | $14.5B | $21.5B | $4.30B |
| Interest expense | $1.49B | $1.36B | $1.32B | $1.30B | $1.34B |
| Income tax | $1.14B | $890.0M | $2.82B | $4.49B | $264.0M |
| Net income | $4.05B | $3.44B | $9.68B | $14.5B | $9.74B |
| EPS, basic | $13.24 | $10.11 | $23.73 | $28.31 | $15.34 |
| EPS, diluted | $13.22 | $10.08 | $23.63 | $28.12 | $15.24 |
| Weighted shares, basic | 305.0M | 340.0M | 407.0M | 512.0M | 634.0M |
| Weighted shares, diluted | 306.0M | 341.0M | 409.0M | 516.0M | 638.0M |
| Margins and growth | |||||
| Operating margin | 6.2% | 4.9% | 9.8% | 12.1% | 3.6% |
| Net margin | 3.0% | 2.5% | 6.5% | 8.2% | 8.1% |
| Revenue growth, year over year | −4.4% | −6.4% | −16.4% | +47.9% | +71.9% |
| Net income growth, year over year | +17.5% | −64.4% | −33.3% | +49.1% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023! | FY2022! | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Feb 4, 2025 | Jan 30, 2024 | Jan 31, 2023 | Feb 2, 2022 |
| Cash and equivalents | $3.67B | $3.21B | $5.44B | $8.63B | $5.29B |
| Short-term investments | – | $0 | $4.78B | $3.15B | – |
| Accounts receivable | $10.3B | $11.1B | $11.6B | $13.5B | $11.0B |
| Inventory | $10.1B | $9.57B | $9.32B | $8.83B | $8.05B |
| Total current assets | $24.8B | $24.4B | $32.1B | $35.2B | $30.5B |
| Goodwill | $9.35B | $8.24B | $8.24B | $8.24B | $8.26B |
| Intangible assets | $2.71B | $1.70B | $1.76B | $1.88B | $2.13B |
| Total assets | $84.0B | $78.9B | $86.0B | $89.9B | $85.4B |
| Accounts payable | $13.0B | $13.9B | $13.8B | $15.3B | $13.7B |
| Short-term debt | $2.37B | $3.05B | $1.95B | $1.07B | $571.0M |
| Total current liabilities | $19.7B | $20.8B | $20.1B | $20.0B | $17.9B |
| Total liabilities | $59.9B | $54.4B | $54.6B | $54.8B | $51.8B |
| Shareholders' equity | $24.1B | $24.3B | $30.5B | $34.1B | $32.6B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 3, 2026 | Feb 4, 2025 | Jan 30, 2024 | Jan 31, 2023 | Feb 2, 2022 |
| Operating cash flow | $8.25B | $8.66B | $14.1B | $16.4B | $4.36B |
| Capital expenditures | $3.49B | $2.53B | $1.89B | $2.42B | $1.46B |
| Free cash flow | $4.77B | $6.13B | $12.2B | $13.9B | $2.90B |
| Depreciation and amortization | $3.25B | $3.34B | $3.31B | $3.21B | $3.36B |
| Stock-based compensation | $160.0M | $137.0M | $211.0M | $153.0M | $88.0M |
| Dividends paid | $1.14B | $1.15B | $1.26B | $1.28B | $1.48B |
| Share buybacks | $3.49B | $9.19B | $11.6B | $11.9B | $4.65B |
| Investing cash flow | -$5.87B | $1.53B | -$3.10B | $623.0M | $14.8B |
| Financing cash flow | -$1.92B | -$12.4B | -$14.2B | -$13.6B | -$14.4B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 29, 2026 | 272.3M | −9.4% | SEC |
| Jul 30, 2026 | 280.8M | −7.6% | SEC |
| Apr 30, 2026 | 291.9M | −5.0% | SEC |
| Feb 20, 2026 | 294.7M | −5.7% | SEC |
| Oct 31, 2025 | 300.6M | −6.5% | SEC |
| Jul 31, 2025 | 304.0M | −9.2% | SEC |
| Apr 30, 2025 | 307.2M | −12.8% | SEC |
| Feb 21, 2025 | 312.6M | −13.5% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.