TORVANTA
Energy · S&P 500 · data as of 2026-10-05

MPC stock analysis: Marathon Petroleum

Marathon Petroleum (MPC) is an S&P 500 company in Oil & Gas Refining & Marketing. It grades strongest on momentum and growth.

The model's view of MPC · subscribers

Where MPC ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with MPC · updated 2026-10-05 · from prices and SEC filings

MPC price performance

MPC against the S&P 500, one year
+0%+50%+100%MPC +124%S&P 500 +18%2025-09-292026-10-05
Year to date+169.7%S&P 500 +14.5% · ahead by 155.2 pts
1 year+128.2%S&P 500 +17.0% · ahead by 111.2 pts
3 years+223.3%S&P 500 +89.3% · ahead by 134.1 pts
5 years+666.6%S&P 500 +91.3% · ahead by 575.3 pts

Total returns with dividends reinvested.

MPC factor grades

Each grade compares MPC with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

B+ValueP/E 14.9x (sector 17.0x)FCF yield 10.6% (sector 7.5%)
A-GrowthRevenue growth +15% (sector +13%)EPS growth +325% (sector +26%)
C+ProfitabilityOperating margin 9.2% (sector 22.9%)ROIC 85.0% (sector 13.0%)
A+Momentum12-month change +128%From 52-wk high 0%

MPC in plain numbers

MPC key statistics

SectorEnergy
IndustryOil & Gas Refining & Marketing
IndexS&P 500
Market value$121.7B
Revenue growth (y/y)+15%
Free-cash-flow yield10.6%
Dividend yield0.9%
Next earnings (expected)2026-11-03
Valuation measures
Market value$121.7B
Enterprise value$116.1B
P/E (trailing)14.9x
Forward P/E (Torvanta estimate)10.0x
PEG (Torvanta estimate)0.20
Price / sales0.8x
Price / book6.4x
EV / revenue0.8x
EV / EBITDA6.7x
Financial highlights
Revenue, last 12 months$153.6B
Net income, last 12 months$8.6B
EPS, last 12 months (GAAP)$29.04
Gross margin12.5%
Operating margin9.2%
Net margin5.6%
Return on equity47.9%
Return on invested capital85.0%
Cash$7.8B
Total debt$2.1B
Debt / equity0.11x
Free cash flow, last 12 months$12.9B
Interest cover8.7x
Current ratio1.25x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

MPC earnings trends

Revenue vs earnings
-$74.0M$12.9B$26.0B$39.0B$52.0BSep 2024 Revenue: $35.1BDec 2024 Revenue: $33.1BMar 2025 Revenue: $31.5BJun 2025 Revenue: $33.8BSep 2025 Revenue: $34.8BDec 2025 Revenue: $32.6BMar 2026 Revenue: $34.2BJun 2026 Revenue: $52.0BSep 2024 Net income: $622.0MDec 2024 Net income: $371.0MMar 2025 Net income: -$74.0MJun 2025 Net income: $1.2BSep 2025 Net income: $1.4BDec 2025 Net income: $1.5BMar 2026 Net income: $511.0MJun 2026 Net income: $5.1BSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 1.8%Net margin: 1.1%Net margin: -0.2%Net margin: 3.6%Net margin: 3.9%Net margin: 4.7%Net margin: 1.5%Net margin: 9.9%-0%5%10%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.2$4.3$8.7$13.2$17.7Sep 2024 EPS (GAAP, diluted): $1.9Dec 2024 EPS (GAAP, diluted): $1.3Mar 2025 EPS (GAAP, diluted): $-0.2Jun 2025 EPS (GAAP, diluted): $4.0Sep 2025 EPS (GAAP, diluted): $4.5Dec 2025 EPS (GAAP, diluted): $5.1Mar 2026 EPS (GAAP, diluted): $1.7Jun 2026 EPS (GAAP, diluted): $17.7Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +141% · Dec 2025 +306% · Jun 2026 +348%

From the company's 10-Q and 10-K filings with the SEC.

Marathon Petroleum financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$120.0B$177.5B$148.4B$138.9B$132.7B
Net income$9.7B$14.5B$9.7B$3.4B$4.0B
EPS (GAAP)$15.15$28.58$23.75$10.03$13.30
Free cash flow$2.9B$13.9B$12.2B$6.1B$4.8B

MPC earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-04$17.73+348%+54%-4.6%
2026-05-05$1.73n/a+9%-4.9%
2026-04-13$1.73n/a+9%-1.6%
2026-02-03$5.07+306%-2%+12.1%
2025-11-04$4.51+141%-1%-4.1%
2025-08-05$3.96-9%-11%-3.5%

About Marathon Petroleum

HeadquartersFindlay, OH
Industry (SEC code)Petroleum Refining
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE

From the company's SEC registration record.

Companies similar to MPC

CompanyMarket valueP/ERevenue growthOperating margin12-month change
MPC Marathon Petroleum$121.7B14.9x+15%9.2%+128%
VLO Valero$120.7B17.4x+13%7.2%+167%compare
PSX Phillips 66$107.6B15.4x+14%n/a+109%compare
COP ConocoPhillips$154.3B17.0x+10%n/a+41%compare
WMB Williams Cos$86.6B28.2x+9%38.2%+13%
EOG EOG Resources$75.6B11.2x+19%32.9%+35%
SLB Schlumberger$74.6B24.3x+3%n/a+50%

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Frequently asked questions

Is MPC stock a buy?

Torvanta does not tell individuals what to buy. Its grades for MPC are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is MPC's P/E ratio?

MPC trades at about 14.9 times its last 12 months of GAAP earnings reported to the SEC, and about 10.0 times Torvanta's own estimate of the next 12 months.

When does MPC report earnings next?

Based on its filing history, Torvanta expects Marathon Petroleum to report around 2026-11-03.

Does MPC pay a dividend?

Yes. Its dividend yield is about 0.9%, and it has raised its dividend 4 years in a row.

How has MPC performed against the S&P 500?

Over the past year MPC returned +128.2%, against +17.0% for the S&P 500, dividends reinvested.

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Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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