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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 Quarterly (10-Q)
Showing 14 of 44 quarterly reports available
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
+ Total Revenue $32.57B $34.81B $33.80B $31.52B $33.14B $35.11B $37.91B $32.71B $36.26B $40.92B $36.34B $34.86B $39.81B $45.79B
Revenue Growth % (YoY) -1.7% -0.8% -10.9% -3.6% -8.6% -14.2% 4.3% -6.2% -8.9% -10.6% nan% nan% nan% nan%
Cost of Revenue $28.86B $31.20B $30.02B $29.36B $30.56B $32.14B $33.95B $29.59B $32.58B $34.93B $31.76B $29.29B $33.58B $38.82B
+ Gross Profit $3.71B $3.61B $3.77B $2.16B $2.58B $2.96B $3.97B $3.11B $3.67B $5.99B $4.58B $5.57B $6.24B $6.97B
Gross Margin % 11.4% 10.4% 11.2% 6.8% 7.8% 8.4% 10.5% 9.5% 10.1% 14.6% 12.6% 16.0% 15.7% 15.2%
Operating Expenses $30.73B $33.14B $31.90B $31.16B $32.33B $34.02B $35.84B $31.43B $34.43B $36.83B $33.52B $31.02B $35.35B $40.55B
Selling General & Admin $836.00M $863.00M $867.00M $783.00M $804.00M $815.00M $823.00M $779.00M $820.00M $824.00M $704.00M $691.00M $763.00M $712.00M
+ Operating Income $2.69B $2.71B $2.20B $687.00M $1.14B $1.35B $2.52B $1.78B $2.40B $4.75B $3.31B $4.06B $4.74B $6.69B
Operating Margin % 8.3% 7.8% 6.5% 2.2% 3.4% 3.8% 6.7% 5.5% 6.6% 11.6% 9.1% 11.6% 11.9% 14.6%
Interest Expense $556.00M $310.00M $319.00M $304.00M $771.00M $221.00M $194.00M $179.00M $911.00M $118.00M $142.00M $154.00M $186.00M $240.00M
Income Before Tax $2.35B $2.40B $1.88B $383.00M $896.00M $1.13B $2.33B $1.60B $2.28B $4.63B $3.16B $3.91B $4.55B $6.45B
Income Tax Expense $372.00M $460.00M $268.00M $37.00M $111.00M $113.00M $373.00M $293.00M $407.00M $1.00B $583.00M $823.00M $984.00M $1.43B
+ Net Income $1.53B $1.37B $1.22B $-74.00M $371.00M $622.00M $1.51B $937.00M $1.45B $3.28B $2.23B $2.72B $3.32B $4.48B
Net Margin % 4.7% 3.9% 3.6% -0.2% 1.1% 1.8% 4.0% 2.9% 4.0% 8.0% 6.1% 7.8% 8.3% 9.8%
Basic EPS 5.08 4.51 3.96 -0.24 1.26 1.88 4.34 2.59 4.07 8.31 5.34 6.13 7.13 9.12
Diluted EPS 5.07 4.51 3.96 -0.24 1.25 1.87 4.33 2.58 4.06 8.28 5.32 6.09 7.08 9.06
Basic Shares Outstanding - 303.0M 307.0M 313.0M -7.0M 331.0M 349.0M 361.0M -11.0M 394.0M 417.0M 444.0M -16.0M 491.0M
Diluted Shares Outstanding - 304.0M 307.0M 313.0M -7.0M 332.0M 350.0M 362.0M -11.0M 396.0M 419.0M 447.0M -16.0M 494.0M
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Cash & Cash Equivalents $3.67B $2.65B $1.67B $3.81B $3.21B $4.00B $4.44B $3.17B $5.44B $8.45B $7.34B $7.96B $8.62B $7.38B
Short-term Investments - - - - - $1.14B $4.06B $4.40B $4.78B $4.60B $4.11B $3.49B $3.15B -
Accounts Receivable $10.32B $10.49B $11.13B $12.11B $11.14B $10.18B $12.31B $13.17B $11.62B $12.47B $10.27B $10.14B $13.48B $13.46B
Inventory $10.13B $9.83B $10.11B $10.49B $9.57B $9.89B $9.80B $9.78B $9.32B $10.14B $9.54B $10.27B $8.83B $9.83B
Other Current Assets $662.00M $626.00M $821.00M $726.00M $524.00M $740.00M $741.00M $734.00M $971.00M $607.00M $949.00M $623.00M $1.17B $858.00M
Total Current Assets $24.78B $24.63B $23.73B $27.14B $24.45B $25.95B $31.35B $31.26B $32.13B $36.27B $32.21B $32.49B $35.24B $35.28B
Goodwill $9.35B $9.33B $8.24B $8.24B $8.24B $8.24B $8.24B $8.24B $8.24B $8.24B $8.24B $8.24B $8.24B $8.24B
Intangible Assets $2.71B $2.75B - - $1.77B - - - - - - - - -
Other Non-current Assets $1.42B $1.27B $3.01B $2.96B $2.98B $2.93B $2.94B $2.98B $3.01B $2.93B $2.97B $3.02B $3.08B $3.09B
Total Assets $83.95B $83.24B $78.48B $81.63B $78.86B $79.83B $85.23B $85.53B $85.99B $89.97B $86.44B $87.04B $89.90B $89.69B
Accounts Payable $12.97B $12.49B $13.35B $14.75B $13.91B $12.76B $14.87B $15.47B $13.76B $15.84B $13.05B $13.03B $15.31B $16.68B
Short-term Debt $2.37B - - - $3.05B - - - - - - - - -
Other Current Liabilities $1.25B $1.61B $1.48B $1.08B $1.16B $1.38B $1.32B $964.00M $1.65B $2.33B $2.05B $1.29B $1.17B $1.40B
Total Current Liabilities $19.68B $18.73B $19.25B $22.73B $20.83B $21.07B $24.00B $21.79B $20.15B $21.73B $17.47B $17.06B $20.02B $21.31B
Long-term Debt $30.50B $31.23B $26.84B $26.84B $24.43B $24.05B $24.03B $24.83B $25.33B $26.46B $27.21B $27.20B $25.63B $25.64B
Deferred Tax Liabilities $5.98B $5.96B $5.72B $5.76B $5.77B $5.77B $5.81B $5.83B $5.83B $5.81B $5.91B $5.89B $5.90B $5.61B
Total Liabilities $59.87B $59.35B $55.22B $58.57B $54.35B $54.12B $57.14B $55.76B $54.59B $57.17B $53.87B $53.37B $54.82B $55.92B
Common Stock $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M $10.00M
Retained Earnings $39.75B $38.52B $37.42B $36.49B $36.85B $36.77B $36.42B $35.20B $34.56B $33.42B $30.44B $28.53B $26.14B $23.18B
Treasury Stock $56.03B $55.02B $54.36B $53.66B $52.62B $51.32B $48.59B $45.67B $43.50B $40.95B $38.12B $35.08B $31.84B $30.07B
Total Stockholders Equity $17.31B $17.10B $16.62B $16.40B $17.75B $18.93B $21.32B $22.92B $24.40B $25.86B $25.71B $26.86B $27.71B $26.30B
Total Liabilities & Equity $83.95B $83.24B $78.48B $81.63B $78.86B $79.83B $85.23B $85.53B $85.99B $89.97B $86.44B $87.04B $89.90B $89.69B
Breakdown Q4 2025
(Dec 31, 2025)
Q3 2025
(Sep 30, 2025)
Q2 2025
(Jun 30, 2025)
Q1 2025
(Mar 31, 2025)
Q4 2024
(Dec 31, 2024)
Q3 2024
(Sep 30, 2024)
Q2 2024
(Jun 30, 2024)
Q1 2024
(Mar 31, 2024)
Q4 2023
(Dec 31, 2023)
Q3 2023
(Sep 30, 2023)
Q2 2023
(Jun 30, 2023)
Q1 2023
(Mar 31, 2023)
Q4 2022
(Dec 31, 2022)
Q3 2022
(Sep 30, 2022)
Net Income $1.53B $1.37B $1.14B $-74.00M $371.00M $3.07B $2.45B $937.00M $1.45B $3.28B $2.23B $2.72B $3.32B $4.48B
Depreciation & Amortization $828.00M $841.00M $1.58B $793.00M $826.00M $846.00M $1.67B $827.00M $828.00M $2.48B $834.00M $800.00M $797.00M $2.42B
Deferred Income Tax $31.00M $251.00M $-58.00M $-28.00M $8.00M $-132.00M $-95.00M $-35.00M $36.00M $-64.00M $22.00M $-5.00M $252.00M $38.00M
Change in Receivables $-184.00M $-706.00M $-61.00M $928.00M $944.00M $-2.06B $82.00M $964.00M $-896.00M $-1.08B $-3.24B $-3.35B $-56.00M $2.37B
Change in Inventory $311.00M $285.00M $538.00M $920.00M $-318.00M $588.00M $481.00M $462.00M $-824.00M $1.31B $708.00M $1.44B $-1.01B $1.79B
Operating Cash Flow $3.07B $5.18B $2.58B $-64.00M $2.21B $6.46B $4.77B $1.53B $1.12B $12.99B $8.04B $4.06B $4.38B $11.98B
Capital Expenditure $1.18B $2.31B $1.36B $663.00M $810.00M $1.72B $1.07B $585.00M $532.00M $1.36B $938.00M $457.00M $726.00M $1.69B
Acquisitions - $3.32B $237.00M $237.00M $66.00M $622.00M $622.00M $622.00M $246.00M - - - $339.00M $74.00M
Sales of Investments - - - - $142.00M $4.38B $3.52B $1.89B $1.15B $3.90B $2.23B $1.16B $2.76B $4.40B
Investing Cash Flow $-214.00M $-5.65B $-1.90B $-923.00M $307.00M $1.23B $-807.00M $-824.00M $-964.00M $-2.13B $-1.70B $-816.00M $-498.00M $1.12B
Stock Issued - $24.00M $23.00M $23.00M $6.00M $19.00M $19.00M $11.00M $2.00M $60.00M $27.00M $17.00M $59.00M $184.00M
Stock Repurchased $1.00B $2.49B $1.84B $1.06B $1.37B $2.70B $2.90B $2.22B $2.50B $9.07B $3.07B $3.18B $1.84B $3.91B
Dividends Paid $300.00M $840.00M $564.00M $285.00M $292.00M $862.00M $589.00M $299.00M $311.00M $950.00M $653.00M $337.00M $351.00M $928.00M
Financing Cash Flow $-1.84B $-88.00M $-2.21B $1.59B $-3.31B $-9.13B $-4.97B $-2.98B $-3.17B $-11.04B $-7.63B $-3.91B $-2.64B $-11.01B
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-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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