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Marathon Petroleum Corporation Income Statement 2025-2011 | MPC
Brief overview of revenue and earnings at Marathon Petroleum Corporation
The comparison covers a five-year financial horizon. The revenue attributed to Marathon Petroleum Corporation moved from 69.8 billion dollars to 133 billion dollars between the two endpoints. The five-year change reached +90.2%, while CAGR stood at 13.7%. Top-line growth remained consistently strong over the period.
Gross profit was 4 billion dollars at the start and 13.3 billion dollars at the end of the period (+227.6%). The relationship between sales and direct costs improved over the period. Gross margin moved from 5.8% to 10%. The expansion indicates stronger pricing power or better control of direct costs.
EBITDA was −8.9 billion dollars at the beginning and 11.5 billion dollars at the end of the period (+230.1%). EBITDA grew faster than revenue, indicating positive operating leverage. Comparing the endpoints gives EBITDA margins of −12.7% and 8.7%. A wider margin confirms stronger operating efficiency.
The final result was −$9.8 billion initially and $4 billion in the final year. The business moved out of a loss and ended the period with a profit.
The market value of the business moved from $33.8 billion to $61.4 billion, or +81.7%. Market value lagged the financial performance.
What the figures show
The financial trajectory looks strong and well balanced. The positive side is supported by an improving EBITDA margin, a stronger final result and a larger revenue base. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Marathon Petroleum Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
61.4 B | 50.2 B | 67.8 B | 64.6 B | 49 B | 33.8 B | 35.8 B | 33.8 B | 35 B | 25.5 B | 22.5 B | 26.4 B | 27.6 B | 24.8 B | 13.3 B |
Shares |
305 M | 340 M | 407 M | 512 M | 634 M | 649 M | 659 M | 518 M | 507 M | 528 M | 538 M | 570 M | 630 M | 680 M | 712 M |
Historical Prices |
201 | 148 | 167 | 126 | 77.3 | 52.1 | 42.8 | 53.8 | 54.2 | 40.8 | 27.2 | 40.8 | 31.9 | 30.9 | 15.1 |
Net Income |
4.05 B | 3.44 B | 9.68 B | 14.5 B | 9.74 B | -9.83 B | 2.64 B | 2.78 B | 3.43 B | 1.17 B | 2.85 B | 2.52 B | 2.11 B | 3.39 B | 2.39 B |
Revenue |
133 B | 139 B | 148 B | 177 B | 120 B | 69.8 B | 124 B | 96.5 B | 74.7 B | 63.3 B | 72.1 B | 97.8 B | 100 B | 82.2 B | 78.7 B |
Cost of Revenue |
119 B | 126 B | 129 B | 152 B | 110 B | 65.7 B | 99.2 B | 77 B | 67.1 B | 56.7 B | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | 10.1 B | 7.95 B | 13.3 B | 12 B | 14.1 B | 12.2 B | 11.2 B | 12.3 B | 5.93 B |
Operating Income |
8.29 B | 6.8 B | 14.5 B | 21.5 B | 4.3 B | -12.2 B | 4.46 B | 4.69 B | 4.02 B | 2.39 B | 4.69 B | 4.05 B | 3.42 B | 5.35 B | 3.74 B |
Interest Expense |
- | - | - | - | - | - | - | - | - | - | - | - | -21 M | -25 M | -16 M |
EBITDA |
11.5 B | 10.1 B | 17.8 B | 24.7 B | 7.66 B | -8.87 B | 9.71 B | 7.66 B | 5.77 B | 4.66 B | 6.24 B | 5.2 B | 4.6 B | 6.14 B | 4.59 B |
Operating Expenses |
- | - | - | - | - | - | 4 B | 2.77 B | 9.64 B | 9.37 B | 9.55 B | 8.34 B | 7.8 B | 7.16 B | 2.24 B |
General and Administrative Expenses |
3.35 B | 3.22 B | 3.04 B | 2.77 B | 2.54 B | 2.71 B | 3.41 B | 2.42 B | 1.74 B | 1.6 B | 1.58 B | 1.38 B | 1.25 B | 1.22 B | 1.11 B |
All numbers in USD currency
Quarterly Income Statement Marathon Petroleum Corporation
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
295 M | 303 M | 307 M | 313 M | 331 M | 349 M | 361 M | 394 M | 417 M | 444 M | - | 491 M | 532 M | 564 M | - | 633 M | 650 M | 651 M | - | 650 M | 650 M | 648 M | - | 656 M | 662 M | 673 M | - | 451 M | 459 M | 476 M | - | 504 M | 513 M | 525 M | - | 527 M | 528 M | 529 M | - | 535 M | 541 M | 545 M | - | 565 M | 574 M | 293 M | - | 309 M | 322 M | 331 M | - | 338 M | 340 M | 348 M | 357 M | 356 M | 356 M | 356 M |
Net Income |
511 M | 1.37 B | 1.22 B | -74 M | 622 M | 1.52 B | 937 M | 3.28 B | 2.23 B | 2.72 B | - | 4.48 B | 5.87 B | 845 M | - | 694 M | 8.51 B | -242 M | 285 M | -886 M | 9 M | -9.23 B | 443 M | 1.1 B | 1.11 B | -7 M | 951 M | 737 M | 1.06 B | 37 M | 2.02 B | 903 M | 483 M | 30 M | 227 M | 145 M | 801 M | 1 M | 187 M | 948 M | 826 M | 891 M | 798 M | 672 M | 855 M | 199 M | 626 M | 168 M | 593 M | 725 M | 755 M | 1.22 B | 814 M | 596 M | -75 M | 1.13 B | 802 M | 529 M |
Revenue |
34.2 B | 34.8 B | 33.8 B | 31.5 B | 35.1 B | 37.9 B | 32.7 B | 40.9 B | 36.3 B | 34.9 B | - | 45.8 B | 53.8 B | 38.1 B | - | 32.3 B | 29.6 B | 22.7 B | 18 B | 17.4 B | 12.2 B | 22.2 B | 31.1 B | 31 B | 33.5 B | 28.3 B | 32.3 B | 23 B | 22.3 B | 18.9 B | 21.1 B | 19.2 B | 18.2 B | 16.3 B | 17.2 B | 16.6 B | 16.8 B | 12.8 B | 15.6 B | 18.7 B | 20.5 B | 17.2 B | 22.2 B | 25.4 B | 26.8 B | 23.3 B | 24.9 B | 26.3 B | 25.7 B | 23.3 B | 20.7 B | 21 B | 20.2 B | 20.3 B | 19.4 B | 20.6 B | 20.7 B | 17.8 B |
Cost of Revenue |
31.3 B | 31.2 B | 30 B | 29.4 B | 32.1 B | 33.9 B | 29.6 B | 34.9 B | 31.8 B | 29.3 B | - | 38.8 B | 44.2 B | 35.1 B | - | 29.6 B | 27.2 B | 21.1 B | - | 16.7 B | 11.5 B | 20.3 B | - | 24.3 B | 29.7 B | 26 B | - | 20.6 B | 19.7 B | 17.4 B | - | 16.6 B | 16.1 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
1.4 B | 2.71 B | 2.2 B | 687 M | 1.35 B | 2.52 B | 1.78 B | 4.75 B | 3.3 B | 4.06 B | - | 6.69 B | 8.33 B | 1.72 B | - | 1.34 B | 965 M | 217 M | 390 M | -1.06 B | 575 M | -12.2 B | 558 M | 1.68 B | 1.7 B | 526 M | 2.02 B | 1.4 B | 1.71 B | 440 M | 1.17 B | 1.58 B | 982 M | 291 M | 553 M | 435 M | 1.32 B | 75 M | 338 M | 1.55 B | 1.34 B | 1.47 B | 1.26 B | 1.06 B | 1.37 B | 361 M | 1.01 B | 301 M | 960 M | 1.16 B | 1.19 B | 1.9 B | 1.31 B | 956 M | - | 1.85 B | 1.39 B | 886 M |
Interest Expense |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3 M | -7 M | -5 M | - | -6 M | -3 M | -6 M | - | -7 M | 47 M | -7 M | - | -5 M | 42 M | -3 M |
EBITDA |
2.21 B | 3.55 B | 2.99 B | 1.48 B | 2.2 B | 3.36 B | 2.61 B | 5.6 B | 4.14 B | 4.86 B | - | 7.48 B | 9.15 B | 2.52 B | - | 2.18 B | 1.84 B | 1.06 B | 390 M | -227 M | 1.41 B | -11.3 B | 558 M | 2.44 B | 2.58 B | 1.44 B | 2.02 B | 1.96 B | 2.24 B | 968 M | 1.17 B | 2.09 B | 1.5 B | 827 M | 553 M | 942 M | 1.82 B | 565 M | 338 M | 1.91 B | 1.7 B | 1.83 B | 1.26 B | 1.38 B | 1.69 B | 681 M | 1.01 B | 600 M | 1.26 B | 1.44 B | 1.19 B | 2.14 B | 1.54 B | 1.19 B | - | 2.08 B | 1.61 B | 1.1 B |
General and Administrative Expenses |
867 M | 863 M | 867 M | 783 M | 815 M | 823 M | 779 M | 824 M | 704 M | 691 M | - | 712 M | 694 M | 603 M | - | 681 M | 625 M | 575 M | - | 673 M | 665 M | 742 M | - | 761 M | 886 M | 867 M | - | 445 M | 424 M | 402 M | - | 411 M | 485 M | 390 M | - | 420 M | 401 M | 378 M | - | 392 M | 393 M | 358 M | - | 342 M | 316 M | 346 M | - | 305 M | 358 M | 249 M | - | 293 M | 365 M | 251 M | - | 299 M | 288 M | 217 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Marathon Petroleum Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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