MARATHON PETROLEUM financials
$392.03+0.67%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $132.70B | $138.86B | $148.38B | $177.45B | $119.98B | $69.78B | $111.15B | $86.09B | $74.73B | $63.34B |
| Gross profit | $13.25B | $12.62B | $19.81B | $25.78B | $9.97B | $4.05B | $11.92B | $9.04B | $7.64B | $6.15B |
| Gross margin | 10.0% | 9.1% | 13.4% | 14.5% | 8.3% | 5.8% | 10.7% | 10.5% | 10.2% | 9.7% |
| Operating income | $6.50B | $5.72B | $13.55B | $19.75B | $3.82B | -$11.38B | $3.87B | $4.38B | $3.70B | $2.17B |
| Net income | $4.04B | $3.44B | $9.67B | $14.51B | $9.74B | -$9.83B | $2.64B | $2.78B | $3.43B | $1.17B |
| Net margin | 3.0% | 2.5% | 6.5% | 8.2% | 8.1% | −14.1% | 2.4% | 3.2% | 4.6% | 1.9% |
| Diluted EPS | $13.22 | $10.08 | $23.63 | $28.12 | $15.24 | $-15.13 | $3.97 | $5.28 | $6.70 | $2.21 |
| EBITDA | $9.75B | $9.06B | $16.86B | $22.97B | $7.18B | $786.0M | $8.29B | $6.55B | $5.82B | $4.30B |
| Operating cash flow | $8.25B | $8.66B | $14.12B | $16.32B | $4.36B | $2.42B | $9.44B | $6.16B | $6.61B | $4.02B |
| Free cash flow | $4.77B | $6.13B | $12.23B | $13.90B | $2.90B | -$368.0M | $4.63B | $2.98B | $3.88B | $1.13B |
| Diluted shares | 306.0M | 341.0M | 409.0M | 516.0M | 638.8M | 649.0M | 664.0M | 526.0M | 512.0M | 530.0M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $3.67B | $3.21B | $5.44B | $8.63B | $5.29B | $415.0M |
| Short-term investments | $0.00 | $0.00 | $4.78B | $3.15B | $5.55B | $0.00 |
| Total debt | $32.88B | $27.48B | $27.28B | $26.70B | $25.54B | $31.58B |
| Total assets | $83.95B | $78.86B | $85.99B | $89.90B | $85.37B | $85.16B |
| Total liabilities | $59.87B | $54.35B | $54.59B | $54.82B | $51.79B | $54.94B |
| Shareholders' equity | $24.09B | $24.30B | $30.50B | $34.12B | $32.62B | $29.25B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology