Stock · MPC · Energy

Marathon Petroleum Corp

United States · Large Cap · listed since 2011 · Revenue 12 mo. $153.9B

Price as of 11/06/2026

StockScorer score
3.6
of 10 4 of 11 points Low Match To the score
Price
$372.74
1 Y +83.8%
Market cap
$108.2B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue −9.2% a year (3 years)EBIT margin 4.3%Payout 56.3% of operating cash flow

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States.

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Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States. The company operates through three segments: Refining & Marketing; Midstream; and Renewable Diesel. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane and petrochemicals. The company sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment gathers, transports, stores, distributes, and markets crude oil and refined products, including renewable diesel and other hydrocarbon-based products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and transports, fractionates, stores, and markets natural gas liquids. The Renewable Diesel segment processes renewable feedstocks into renewable diesel, markets, and distributes renewable diesel through its Midstream segment and third parties. It sells renewable diesel to wholesale marketing customers, buyers on the spot market, and through long-term supply contracts to direct dealers under the ARCO brand. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.

Original text from the data provider

Summary

Marathon Petroleum Corp is around the middle of the Energy sector overall

46.5 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 10.0% FCF growth a year, less than achieved over the last 5 and 10 years.

If free cash flow stays at €4.3B (2025), it supports €47.5B. The remaining €49.5B of the market value assume it grows 10.0% a year for 10 years and not at all afterwards.

Required FCF growth per year

10.0%

no growth afterwards

Market value breakdown€97.1B market value, price as of 11/06/2026

€47.5B without growth
€49.5B priced-in growth
  • 5 yrs achieved 12.0%
  • 10 yrs achieved 16.0%
  • priced in 10.0%

Valuation against its own history

Price to operating cash flow 6.3×, within its usual range.

Middle half of 20 quarters: 3.6× to 7.6×, median 5.7×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 10.0%, achieved at least 12.0%
  • Low capital needs capex median 3.1% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

  • Volatile earnings 4 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 8 of 8 changes for the better.

  • Revenue, 12 mo.$135.8B → $153.9B+13.4%better
  • FCF, 12 mo.$5.7B → $12.9B+126.2%better
  • Gross margin8.8% → 11.6%+2.8 ppbetter
  • EBIT margin5.0% → 8.0%+2.9 ppbetter
  • FCF margin4.2% → 8.4%+4.2 ppbetter
  • Net debt$32.2B → $26.5B−17.6%better
  • Shares outstanding295M → 291M−1.4%better
  • Return on equity27.7% → 44.8%+17.2 ppbetter

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability39.0below the middleEarns less than the sector: Gross margin 7.54%, sector 23.60%.
MetricStockSector medianPosition in sector
Return on equity23.37%11.63%Rank 84
Return on capital (Greenblatt)13.11%11.00%Rank 60
EBIT margin4.35%14.02%Rank 14
FCF margin3.59%7.36%Rank 25
Gross margin7.54%23.60%Rank 13
Growth29.4below the middleGrows more slowly than the sector: Sustainable growth (ROE × retained earnings) 2.63%, sector 9.68%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year−4.44%−1.93%Rank 39
Earnings growth, 3 years per year−22.16%−10.72%Rank 32
Earnings growth, 5 years per yeardoes not count towards the rank–14.99%
Sustainable growth (ROE × retained earnings)2.63%9.68%Rank 17
Valuation40.5around the middleValued about like the sector.
MetricStockSector medianPosition in sector
Earnings yield3.56%4.80%Rank 23
FCF yield4.41%5.05%Rank 45
EV/saleslower is better1.052.31Rank 75
EV/EBITlower is better24.0715.16Rank 19
Momentum82.2above the middleShare price doing better than the sector: Share price, 6 months 52.70%, sector −0.91%.
MetricStockSector medianPosition in sector
Share price, 1 year83.80%14.27%Rank 98
Share price, 6 months52.70%−0.91%Rank 99
Share price, 3 months30.13%2.95%Rank 99
Distance from 52-week high−23.13%−17.83%Rank 32
Quality67.1above the middleQuality above the sector: Change in share count −10.56%, sector −0.04%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better2.51%0.88%Rank 32
Change in share countlower is better−10.56%−0.04%Rank 99
Dividend streak in years143Rank 91
Price reaction to results, market-adjusted0.17%0.36%Rank 46
Balance sheet & risk21.1below the middleMore risk than the sector: Equity ratio 20.24%, sector 41.22%.
MetricStockSector medianPosition in sector
Equity ratio20.24%41.22%Rank 11
Net debt/EBITDAlower is better2.631.33Rank 32
Debt to equitylower is better1.980.69Rank 16
Volatility, 1 yearlower is better36.66%31.61%Rank 26

Ten years in figures

Revenue from $63.3B (2016) to $132.7B (2025), 8.6% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt, $B
201663.33.8%$1.1B531M9.7
201774.75.4%$3.9B512M9.9
201886.15.5%$3.0B526M25.8
2019111.14.0%$4.6B664M29.1
202069.8−17.6%−$368.0M649M32.7
2021120.03.6%$2.9B638M21.6
2022177.510.7%$13.9B516M19.3
2023148.48.5%$12.2B409M23.1
2024138.93.8%$6.1B341M25.5
2025132.74.4%$4.8B305M30.7
3.6 / 10Low MatchStockScorer score4 of 11 points

3 of 7 StockScorer Score rules met · How the score is built

Marathon Petroleum Corp mainly meets criteria in the Momentum category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 0%This stock · Valuation: 0%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Marathon Petroleum Corp's score is built

Marathon Petroleum Corp is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

3 of 7 rules met

4 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Marathon Petroleum Corp stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Altman Z-Score: Stress Test
  • Earnings Quality: Accrual Check (Sloan)
  • Defensive: Low Volatility
  • Moat Quality
  • Balanced GARP
  • Levermann Strategy (13 Criteria)
  • Undervalued Stocks: Multi-Factor Check
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • High-Growth / Rule of 40
  • Magic Formula: Value + Quality
  • PEG Strategy (inspired by Peter Lynch)

Marathon Petroleum Corp key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Marathon Petroleum Corp.

MetricStockSector
P/E ratio28.120.0
P/B ratio6.62.3
Return on equity (ROE)23.4%11.6%
Equity ratio20.2%41.2%
Debt-to-equity (D/E)1.980.69
Dividend yield1.1%3.5%

Similar stocks in Energy

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
MPCMarathon Petroleum Corpthis page
VLOValero Energy CorporationLow2.7
PSXPhillips 66Low1.8
RELIANCE.NSReliance Industries Limitedlocked
NESTE.HENeste Oil Oyjlocked
6505.TWFormosa Petrochemical Corplocked

Frequently asked questions about Marathon Petroleum Corp stock

How does Marathon Petroleum Corp stock (MPC) score in the StockScorer model?
Marathon Petroleum Corp stock reaches a StockScorer score of 3.6 out of 10, which is a low match with the rule-based strategies. 3 out of 7 flagship profile rules are met.
What is Marathon Petroleum Corp's P/E ratio?
Marathon Petroleum Corp's P/E ratio is 28.1. The Energy sector median is 20.0.
What sector is Marathon Petroleum Corp in?
Marathon Petroleum Corp is assigned to the Energy sector. Its rank within the sector is 46.5 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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