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MARATHON PETROLEUM CORP

CIK: 1510295 SIC: 2911
$132.70B
Revenue
$4.05B
Net Income
9.99%
Gross Margin
6.25%
Op. Margin
$5.26B
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 15 annual reports available (2011 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
+ Total Revenue $132.70B $132.70B $138.86B $148.38B $177.45B $119.98B $69.78B $123.95B $95.75B $74.10B $63.28B
Revenue Growth % 0.0% -4.4% -6.4% -16.4% 47.9% 71.9% -43.7% 29.5% 29.2% 17.1% nan%
Cost of Revenue $119.45B $119.45B $126.24B $128.57B $151.67B $110.01B $65.73B $110.24B $85.46B $66.52B $56.68B
+ Gross Profit $13.25B $13.25B $12.62B $19.81B $25.78B $9.97B $4.05B $13.71B $10.29B $7.58B $6.60B
Gross Margin % 10.0% 10.0% 9.1% 13.4% 14.5% 8.3% 5.8% 11.1% 10.8% 10.2% 10.4%
Operating Expenses $126.93B $126.93B $133.62B $135.79B $158.48B $116.63B $81.28B $119.24B $91.53B $71.40B $60.99B
Selling General & Admin $3.35B $3.35B $3.22B $3.04B $2.77B $2.54B $2.71B $3.41B $2.42B $1.74B $1.60B
+ Operating Income $8.29B $8.29B $6.80B $14.51B $21.47B $4.30B $-12.25B $5.58B $5.57B $3.97B $2.38B
Operating Margin % 6.2% 6.2% 4.9% 9.8% 12.1% 3.6% -17.6% 4.5% 5.8% 5.4% 3.8%
Interest Expense $1.49B $1.49B $1.36B $1.32B $1.00B $1.48B $1.36B $1.25B $1.00B $625.00M $556.00M
Interest Income - $159.00M $376.00M $530.00M - - - - - - -
Income Before Tax $7.01B $7.01B $5.96B $13.99B $20.47B $2.82B $-13.61B $4.33B $4.57B $3.34B $1.82B
Income Tax Expense $1.14B $1.14B $890.00M $2.82B $4.49B $264.00M $-2.43B $1.07B $962.00M $-460.00M $609.00M
+ Net Income $4.05B $4.05B $3.44B $9.68B $14.52B $9.74B $-9.83B $2.64B $2.78B $3.43B $1.17B
Net Margin % 3.0% 3.0% 2.5% 6.5% 8.2% 8.1% -14.1% 2.1% 2.9% 4.6% 1.9%
Basic EPS 13.31 13.24 10.11 23.73 28.31 15.34 -15.13 4.00 5.36 6.76 2.22
Diluted EPS 13.30 13.22 10.08 23.63 28.12 15.24 -15.13 3.97 5.28 6.70 2.21
Basic Shares Outstanding - 305.0M 340.0M 407.0M 512.0M 634.0M 649.0M 659.0M 518.0M 507.0M 528.0M
Diluted Shares Outstanding - 306.0M 341.0M 409.0M 516.0M 638.0M 649.0M 664.0M 526.0M 512.0M 530.0M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Cash & Cash Equivalents $3.67B $3.21B $5.44B $8.62B $5.29B $415.00M $1.53B $1.69B $3.01B $887.00M
Short-term Investments - - $4.78B $3.15B $5.55B - - - - -
Accounts Receivable $10.32B $11.14B $11.62B $13.48B $11.03B $5.76B $7.87B $5.85B $4.70B $3.62B
Inventory $10.13B $9.57B $9.32B $8.83B $8.05B $8.00B $10.24B $9.84B $5.55B $5.66B
Other Current Assets $662.00M $524.00M $971.00M $1.17B $568.00M $2.72B $528.00M $646.00M $145.00M $241.00M
Total Current Assets $24.78B $24.45B $32.13B $35.24B $30.50B $28.29B $20.17B $18.02B $13.40B $10.40B
Property Plant & Equipment - - - - - $39.03B $45.62B $45.06B $26.44B $25.77B
Goodwill $9.35B $8.24B $8.24B $8.24B $8.26B $8.26B $20.04B $20.18B $3.59B $3.59B
Intangible Assets $2.71B $1.77B - - - - - - - -
Other Non-current Assets $1.42B $2.98B $3.01B $3.08B $2.40B $2.64B $3.37B $3.78B $830.00M $833.00M
Total Assets $83.95B $78.86B $85.99B $89.90B $85.37B $85.16B $98.56B $92.94B $49.05B $44.41B
Accounts Payable $12.97B $13.91B $13.76B $15.31B $13.70B $7.80B $11.62B $9.37B $8.30B $5.59B
Short-term Debt $2.37B $3.05B - - - - - $544.00M $624.00M $28.00M
Other Current Liabilities $1.25B $1.16B $1.65B $1.17B $1.05B $822.00M $897.00M $708.00M $296.00M $378.00M
Total Current Liabilities $19.68B $20.83B $20.15B $20.02B $17.90B $15.66B $16.15B $13.22B $10.48B $7.15B
Long-term Debt $30.50B $24.43B $25.33B $25.63B $24.97B $28.73B $28.13B $26.98B $12.32B $10.54B
Deferred Tax Liabilities $5.98B $5.77B $5.83B $5.90B $5.64B $6.20B $6.39B $4.86B $2.65B $3.86B
Total Liabilities $59.87B $54.35B $54.59B $54.82B $51.79B $54.94B $55.45B $47.89B $27.22B $23.21B
Common Stock $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $7.00M $7.00M
Retained Earnings $39.75B $36.85B $34.56B $26.14B $12.90B $4.65B $15.99B $14.76B $12.86B $10.21B
Treasury Stock $56.03B $52.62B $43.50B $31.84B $19.90B $15.16B $15.14B $13.18B $9.87B $7.48B
Total Stockholders Equity $17.31B $17.75B $24.40B $27.71B $26.21B $22.20B $33.69B $35.17B $14.03B $13.56B
Total Liabilities & Equity $83.95B $78.86B $85.99B $89.90B $85.37B $85.16B $98.56B $92.94B $49.05B $44.41B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
Net Income $3.97B $4.05B $3.44B $9.68B $14.52B $9.74B $-9.83B $2.64B $2.78B $3.43B $1.17B
Depreciation & Amortization $4.04B $3.25B $3.34B $3.31B $3.21B $3.36B $3.38B $3.64B $2.49B $2.11B $2.00B
Stock-based Compensation - $160.00M $137.00M $211.00M - - - - - - -
Deferred Income Tax $196.00M $282.00M $-124.00M $-28.00M $290.00M $-169.00M $-241.00M $1.02B $47.00M $-1.23B $394.00M
Change in Receivables $-23.00M $-890.00M $-1.12B $-1.97B $2.31B $5.30B $-1.47B $2.02B $-1.59B $1.09B $674.00M
Change in Inventory $2.05B $596.00M $270.00M $489.00M $787.00M $33.00M $-1.75B $366.00M $-931.00M $-106.00M $70.00M
Operating Cash Flow $10.76B $8.25B $8.66B $14.12B $16.36B $4.36B $2.42B $9.44B $6.16B $6.61B $3.99B
Capital Expenditure $5.51B $3.49B $2.53B $1.89B $2.42B $1.46B $2.79B $5.37B $3.58B $2.73B $2.89B
Acquisitions $3.79B $3.32B $688.00M $246.00M $413.00M - - $129.00M $3.82B $249.00M -
Sales of Investments - - $4.53B $5.05B $7.16B $5.41B - - - - -
Investing Cash Flow $-8.69B $-5.87B $1.53B $-3.10B $623.00M $14.80B $-3.26B $-6.26B $-7.67B $-3.39B $-2.94B
Stock Issued $70.00M $24.00M $25.00M $62.00M $243.00M $106.00M $11.00M $10.00M $24.00M $46.00M $11.00M
Stock Repurchased $6.38B $3.49B $9.19B $11.57B $11.92B $4.65B - $1.95B $3.29B $2.37B $197.00M
Dividends Paid $1.99B $1.14B $1.15B $1.26B $1.28B $1.48B $1.51B $1.40B $954.00M $773.00M $719.00M
Financing Cash Flow $-2.55B $-1.92B $-12.43B $-14.21B $-13.65B $-14.42B $-135.00M $-3.38B $222.00M $-1.09B $-1.28B
Net Change in Cash - - - - - - - - - $2.12B $-240.00M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $34.81B - $100.12B -
Cost of Revenue $31.20B - $90.58B -
Operating Expenses $33.14B - $96.20B -
Selling General & Admin $863.00M - $2.51B -
Operating Income $2.71B - $5.60B -
Interest Expense $310.00M - $933.00M -
Income Before Tax $2.40B - $4.66B -
Income Tax Expense $460.00M - $765.00M -
Net Income $1.37B - $2.51B -
Basic EPS 4.51 - 8.16 -
Diluted EPS 4.51 - 8.15 -
Basic Shares Outstanding $303.00M - $307.00M -
Diluted Shares Outstanding $304.00M - $308.00M -
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $2.65B $3.21B
Accounts Receivable $10.49B $11.14B
Inventory $9.83B $9.57B
Other Current Assets $626.00M $524.00M
Total Current Assets $24.63B $24.45B
Goodwill $9.33B $8.24B
Intangible Assets $2.75B $1.77B
Other Non-current Assets $1.27B $1.21B
Total Assets $83.24B $78.86B
Accounts Payable $12.49B $13.91B
Other Current Liabilities $1.61B $1.16B
Total Current Liabilities $18.73B $20.83B
Long-term Debt $31.23B $24.43B
Deferred Tax Liabilities $5.96B $5.77B
Total Liabilities $59.35B $54.35B
Common Stock $10.00M $10.00M
Retained Earnings $38.52B $36.85B
Treasury Stock $55.02B $52.62B
Total Stockholders Equity $17.10B $17.75B
Total Liabilities & Equity $83.24B $78.86B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $1.37B - $2.51B -
Depreciation & Amortization $841.00M - $2.42B -
Deferred Income Tax - - $251.00M -
Change in Receivables - - $-706.00M -
Change in Inventory - - $285.00M -
Operating Cash Flow - - $5.18B -
Capital Expenditure - - $2.31B -
Acquisitions - - $3.32B -
Sales of Investments - - - -
Investing Cash Flow - - $-5.65B -
Stock Issued - - $24.00M -
Stock Repurchased - - $2.49B -
Dividends Paid - - $840.00M -
Financing Cash Flow - - $-88.00M -

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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