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Marathon Petroleum Corporation MPC
$ 410.84 3.61%
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Quarterly report 2026-Q2
added 08-04-2026

Marathon Petroleum Corporation Financial Ratios 2025-2008 | MPC

Brief overview of Marathon Petroleum Corporation's market valuation

The review covers five available annual periods spanning 2021 to 2025.

The current valuation set is P/E 15.18x (median 7.01x), EV/EBITDA 12.44x (median 7.8x), P/S 0.46x (median 0.41x). The current ratio basket stands about 28.5% above the five-year base, increasing sensitivity to weak reports.

Earnings yield calculated as 1/P/E is about 6.6%, showing current profit per unit of share price.

Current measures of operating quality are ROE 23.4%, ROA 4.8%, ROCE 47.9%. Returns on capital and assets point to efficient economics and a strong internal source of growth.

PEG is 0.79x. Price is low relative to embedded growth, though the ratio depends heavily on forecast quality.

The cash conversion cycle is 18.5 days versus 16.5 days initially. Turnover changed little.

What the ratios show

Marathon Petroleum Corporation demonstrates high business quality but trades at a premium to its own history. Strong future results are needed to preserve valuation.

Annual Financial Ratios Marathon Petroleum Corporation

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

P/E

15.2 14.6 7.0 4.5 5.0 -3.4 13.6 12.2 10.2 21.7 7.9 10.5 13.1 7.3 5.6 - - -

P/S

0.5 0.4 0.5 0.4 0.4 0.5 0.3 0.4 0.5 0.4 0.3 0.3 0.3 0.3 0.2 - - -

EPS

13.2 10.1 23.7 28.3 15.3 -15.1 4 5.4 6.8 2.2 5.3 4.4 3.3 9.9 6.7 1.8 1.3 -

EV (Enterprise Value)

118 B 101 B 117 B 111 B 95.5 B 89.3 B 90.7 B 81 B 60.3 B 48.9 B 44.8 B 44 B 42.3 B 35 B 26.5 B 14.9 B -128 M -108 M

EBITDA per Share

37.8 29.8 43.8 48.2 12.1 -13.7 14.7 14.8 11.4 8.83 11.6 9.13 7.31 9.03 6.44 5.48 4.23 -

EV/EBITDA

10.2 10.0 6.6 4.5 12.4 75.3 6.5 7.8 7.8 7.6 5.3 6.1 6.2 3.8 3.0 7.6 -0.1 -

PEG

0.79 -0.59 -0.38 -0.42 -0.08 0.11 -0.54 -0.59 0.05 -0.37 0.4 0.33 -0.4 0.15 0.02 - - -

P/B

2.6 2.0 2.2 1.8 1.5 1.2 1.1 1.0 2.5 1.9 1.7 2.5 2.5 2.1 1.4 - - -

P/CF

7.4 5.8 4.8 3.9 11.2 14.0 8.8 13.1 9.0 23.3 10.9 16.2 12.5 7.9 6.3 - - -

ROE %

23.37 19.41 39.67 52.38 29.86 -33.59 7.83 7.90 24.46 8.66 21.55 23.48 19.34 28.98 25.13 7.56 4.90 -

ROA %

4.82 4.37 11.26 16.15 11.41 -11.54 2.68 2.99 7.00 2.64 6.61 8.29 7.44 12.45 9.28 2.68 - -

ROCE %

47.89 38.30 59.47 77.46 13.18 -41.87 7.37 6.49 9.47 7.14 12.50 17.72 18.23 27.05 22.87 12.26 9.11 -

Current Ratio

1.4 1.5 1.6 1.6 1.6 1.5 1.2 1.4 1.3 1.5 1.5 1.3 1.3 1.6 1.3 1.6 - -

DSO

29.5 30.7 31.6 25.2 25.5 35.7 23.2 22.1 22.9 20.8 14.8 15.1 20.3 20.5 25.3 46.0 - -

DIO

30.1 27.3 25.8 20.3 26.6 50.6 32.8 40.5 33.0 40.2 32.9 24.1 19.2 18.0 16.7 - - -

DPO

41.1 40.0 41.3 34.9 35.7 53.9 37.3 38.6 49.3 39.8 29.9 28.4 33.8 35.4 41.0 - - -

Operating Cycle

59.6 58.0 57.3 45.5 52.2 86.3 56.0 62.7 55.9 61.1 47.8 39.2 39.5 38.5 42.0 46.0 - -

Cash Conversion Cycle

18.5 18.0 16.1 10.6 16.5 32.4 18.8 24.1 6.6 21.3 17.9 10.8 5.7 3.1 1.0 46.0 - -

All numbers in USD currency

Quarterly Financial Ratios Marathon Petroleum Corporation

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q3 2024-Q2 2024-Q1 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

17.76 1.73 4.51 3.96 -0.24 1.88 4.34 2.59 8.31 5.34 6.13 - 9.12 11.03 1.5 - 1.1 13.09 -0.37 -0.06 -1.36 0.01 -14.25 0.68 1.67 1.67 -0.01 1.38 1.63 2.3 0.08 4.13 1.79 0.94 0.06 0.43 0.28 1.51 0.003 0.35 1.77 1.52 1.63 1.44 1.19 1.49 0.34 2.09 0.54 1.84 2.19 2.26 3.61 2.39 1.71 -0.21 3.18 2.25 1.49

EBITDA per Share

28.2 7.5 11.7 9.73 4.73 6.63 9.63 7.23 14.2 9.93 10.9 - 15.2 17.2 4.47 - 3.44 2.82 1.63 - -0.35 2.17 -17.4 - 3.72 3.9 2.15 - 4.34 4.89 2.03 - 4.15 2.93 1.58 - 1.79 3.44 1.07 - 3.58 3.14 3.36 - 2.45 2.95 2.32 - 1.94 3.92 4.36 - 6.33 4.54 3.41 - 5.84 4.53 3.1

ROE %

45.31 18.06 17.45 14.87 10.76 21.38 25.99 28.89 39.33 46.98 42.72 34.39 36.37 52.16 33.08 30.30 31.58 25.60 -3.79 -44.26 -44.23 -36.99 -33.75 7.83 9.22 8.06 7.78 7.90 19.57 23.91 24.35 24.46 11.76 6.40 8.87 8.66 8.40 14.49 14.82 21.55 27.56 26.64 28.36 23.48 21.79 17.07 14.55 19.34 20.06 28.99 30.52 28.98 21.74 23.19 24.67 25.13 11.92 8.44 5.57

ROA %

9.22 3.68 3.88 4.02 3.56 7.30 9.09 10.45 14.34 11.63 9.83 6.70 15.72 10.73 10.45 9.52 9.86 8.04 -0.97 -11.54 -11.42 -9.27 -8.16 2.68 3.25 2.93 2.94 2.99 6.08 7.13 6.98 7.00 3.40 1.88 2.70 2.64 2.57 4.44 4.55 6.61 8.80 8.81 9.71 8.30 7.88 6.26 5.54 7.44 8.01 11.91 12.81 12.45 9.38 9.29 9.41 9.28 4.40 3.12 2.05

ROCE %

75.85 40.44 37.35 30.53 23.42 35.37 40.54 43.92 58.19 68.72 63.92 51.50 55.33 38.29 13.83 8.17 9.93 1.34 0.59 -55.17 -55.27 -45.52 -43.07 13.24 17.32 16.32 16.15 15.84 18.43 25.68 27.81 28.63 24.39 16.36 19.06 17.54 16.02 24.51 24.89 35.45 44.60 42.78 45.43 37.68 35.20 28.08 24.14 31.36 32.30 45.75 48.14 45.72 55.04 53.50 51.65 43.47 19.48 14.67 9.32

Current Ratio

1.4 1.4 1.4 1.4 1.4 1.5 1.5 1.5 1.6 1.6 1.6 1.6 1.6 - 1.5 1.6 1.7 1.6 1.5 1.6 1.6 1.6 1.6 1.8 1.8 1.8 1.8 1.9 1.9 1.9 1.9 1.8 1.8 1.8 1.8 1.9 1.9 1.9 1.9 1.8 1.8 1.8 1.8 1.6 1.6 1.6 1.6 1.7 1.7 1.7 1.7 1.8 1.8 1.8 1.8 1.6 1.6 1.6 1.6

DSO

26.6 33.5 28.3 31.4 32.3 29.2 30.7 35.8 25.4 25.6 30.9 - 13.4 13.3 32.0 - 27.2 26.6 26.6 29.2 30.2 43.1 26.7 21.2 21.6 20.3 21.5 16.5 23.2 23.9 25.5 20.4 22.3 23.6 23.3 19.2 19.9 19.6 23.4 17.1 14.3 13.0 18.5 16.6 14.6 13.8 18.8 20.4 19.3 19.8 19.9 20.3 20.0 20.8 22.7 25.7 24.2 24.0 -

DIO

22.0 30.1 29.1 31.3 31.7 27.9 26.3 30.7 25.7 28.4 29.7 - 11.6 9.8 22.8 - 27.9 29.0 35.5 - 43.8 63.5 39.9 - 37.6 31.5 35.3 - 43.6 45.7 40.4 - 30.5 31.4 - - - - - - - - - - - - - - - - - - - - - - - - -

DPO

39.0 43.9 37.8 42.7 42.8 39.2 40.8 48.3 37.7 37.5 44.1 - 19.6 20.4 43.6 - 37.6 37.1 38.4 - 42.7 61.9 42.7 - 42.8 35.7 36.9 - 41.5 43.5 46.4 - 45.6 47.0 - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Cycle

- 63.6 57.5 62.7 63.9 57.2 57.0 66.5 51.1 54.1 60.6 - 25.0 23.1 54.8 - 55.1 55.6 62.1 29.2 74.0 106.6 66.6 21.2 59.2 51.8 56.8 16.5 66.8 69.6 65.9 20.4 52.8 55.0 23.3 19.2 19.9 19.6 23.4 17.1 14.3 13.0 18.5 16.6 14.6 13.8 18.8 20.4 19.3 19.8 19.9 20.3 20.0 20.8 22.7 25.7 24.2 24.0 -

Cash Conversion Cycle

- 19.6 19.7 20.0 21.2 17.9 16.2 18.2 13.3 16.6 16.5 - 5.4 2.6 11.2 - 17.5 18.4 23.6 29.2 31.3 44.7 24.0 21.2 16.4 16.1 19.9 16.5 25.3 26.1 19.5 20.4 7.2 8.0 23.3 19.2 19.9 19.6 23.4 17.1 14.3 13.0 18.5 16.6 14.6 13.8 18.8 20.4 19.3 19.8 19.9 20.3 20.0 20.8 22.7 25.7 24.2 24.0 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Marathon Petroleum Corporation, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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