Marathon Petroleum (MPC) financials
Marathon Petroleum revenue and earnings by year
Marathon Petroleum's revenue was $135 billion in the fiscal year to December 31, 2025, down 3.7% from the year before. Net income was $4.05 billion, 3.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 8.8% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 135.2 | 140.4 | 150.3 | 180.0 | 120.9 | 69.0 | 111.9 | 86.6 | 75.4 | 63.4 |
| Revenue growth | -3.7% | -6.6% | -16.5% | 48.8% | 75.2% | -38.3% | 29.2% | 14.9% | 18.9% | — |
| Gross profit | 15.8 | 14.2 | 21.7 | 28.3 | 10.9 | 3.3 | 12.6 | 9.5 | 8.3 | 6.2 |
| Gross margin | 11.7% | 10.1% | 14.5% | 15.7% | 9.0% | 4.8% | 11.3% | 11.0% | 11.0% | 9.8% |
| Operating income | 8.3 | 6.8 | 14.5 | 21.5 | 4.3 | -12.2 | 4.5 | 4.7 | 4.0 | 2.4 |
| Operating margin | 6.1% | 4.8% | 9.7% | 11.9% | 3.6% | -17.7% | 4.0% | 5.4% | 5.3% | 3.8% |
| Net income | 4.0 | 3.4 | 9.7 | 14.5 | 9.7 | -9.8 | 2.6 | 2.8 | 3.4 | 1.2 |
| Net margin | 3.0% | 2.5% | 6.4% | 8.1% | 8.1% | -14.2% | 2.4% | 3.2% | 4.6% | 1.9% |
| Diluted EPS | $13.22 | $10.08 | $23.63 | $28.12 | $15.24 | -$15.13 | $3.99 | $5.32 | $6.85 | $2.21 |
| Free cash flow | 5.8 | 6.2 | 12.3 | 14.0 | 3.0 | -0.2 | 4.7 | 3.0 | 4.0 | 1.2 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MPC in Markets.
How Marathon Petroleum makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Refining & Marketing | $49.3B | 94.8% |
| Midstream | $1.46B | 2.8% |
| Renewable Diesel | $1.24B | 2.4% |
See also: MPC valuation and P/E history · MPC returns
No forecast, no recommendation. This page describes Marathon Petroleum from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.