Marathon Petroleum Corp - Understand $mpc stock

$MPC Market Cap: $48.34 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$142.9B

TTM

Gross Margin

10.26%

TTM

Net Earnings

$4.522B

TTM

Current Assets

$25.95B

Q3 2024

Current Liabilities

$21.07B

Q3 2024

Current Ratio

123.17%

Q3 2024

Total Assets

$79.83B

Q3 2024

Total Liabilities

$54.12B

Q3 2024

Book Value

$25.71B

Q3 2024

Cash

$4.002B

Q3 2024

P/E

10.69

Nov 29, 2024 EST

Free Cash Flow

$5.326B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$148.4B	$177.5B	$120.0B	$69.78B	$111.1B	$86.09B	$74.73B	$63.28B	$72.05B	$97.82B	$100.2B	$82.24B	$78.64B	$62.49B	$45.64B	$65.11B
YoY Change	-16.38%	47.9%	71.95%	-37.22%	29.11%	15.19%	18.1%	-12.18%	-26.34%	-2.34%	21.79%	4.58%	25.85%	36.93%	-29.91%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$148.4B	$177.5B	$120.0B	$69.78B	$111.1B	$86.09B	$74.73B	$63.28B	$72.05B	$97.82B	$100.2B	$82.24B	$78.64B	$62.49B	$45.64B	$65.11B
Cost Of Revenue	$128.6B	$151.7B	$110.0B	$65.73B	$99.23B	$77.05B	$67.09B	$56.68B	$63.88B	$91.42B	$93.84B	$74.66B	$72.78B	$59.49B	$43.24B	$61.59B
Gross Profit	$19.81B	$25.78B	$9.975B	$4.046B	$11.92B	$9.039B	$7.644B	$6.601B	$8.374B	$6.665B	$6.407B	$7.658B	$5.969B	$3.108B	$2.391B	$3.514B
Gross Profit Margin	13.35%	14.53%	8.31%	5.8%	10.72%	10.5%	10.23%	10.43%	11.62%	6.81%	6.4%	9.31%	7.59%	4.97%	5.24%	5.4%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$3.039B	$2.772B	$2.537B	$2.710B	$3.192B	$2.276B	$1.694B	$1.597B	$1.576B	$1.375B	$1.248B	$1.223B	$1.059B	$874.0M	$1.071B	$1.205B
YoY Change	9.63%	9.26%	-6.38%	-15.1%	40.25%	34.36%	6.07%	1.33%	14.62%	10.18%	2.04%	15.49%	21.17%	-18.39%	-11.12%
% of Gross Profit	15.34%	10.75%	25.43%	66.98%	26.78%	25.18%	22.16%	24.19%	18.82%	20.63%	19.48%	15.97%	17.74%	28.12%	44.79%	34.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.307B	$3.215B	$3.364B	$3.375B	$3.225B	$2.170B	$2.114B	$2.001B	$1.502B	$1.326B	$1.220B	$995.0M	$891.0M	$941.0M	$670.0M	$606.0M
YoY Change	2.86%	-4.43%	-0.33%	4.65%	48.62%	2.65%	5.65%	33.22%	13.27%	8.69%	22.61%	11.67%	-5.31%	40.45%	10.56%
% of Gross Profit	16.69%	12.47%	33.72%	83.42%	27.06%	24.01%	27.66%	30.31%	17.94%	19.89%	19.04%	12.99%	14.93%	30.28%	28.02%	17.25%
Operating Expenses	$3.039B	$2.772B	$2.537B	$2.710B	$3.192B	$2.276B	$1.694B	$1.597B	$1.576B	$1.375B	$1.248B	$1.223B	$1.059B	$874.0M	$1.741B	$1.811B
YoY Change	9.63%	9.26%	-6.38%	-15.1%	40.25%	34.36%	6.07%	1.33%	14.62%	10.18%	2.04%	15.49%	21.17%	-49.8%	-3.87%
Operating Profit	$14.51B	$21.47B	$4.300B	-$12.25B	$4.462B	$4.690B	$4.018B	$2.386B	$4.692B	$4.051B	$3.425B	$5.347B	$3.745B	$1.011B	$650.0M	$1.703B
YoY Change	-32.4%	399.28%	-135.11%	-374.47%	-4.86%	16.72%	68.4%	-49.15%	15.82%	18.28%	-35.95%	42.78%	270.43%	55.54%	-61.83%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	-$593.0M	-$1.004B	-$1.253B	-$1.324B	-$1.191B	-$858.0M	-$624.0M	-$699.0M	$6.000M	$261.0M	-$359.0M	-$109.0M	-$10.00M	$19.00M	$39.00M	$31.00M
YoY Change	-40.94%	-19.87%	-5.36%	11.17%	38.81%	37.5%	-10.73%	-11750.0%	-97.7%	-172.7%	229.36%	990.0%	-152.63%	-51.28%	25.81%
% of Operating Profit	-4.09%	-4.68%	-29.14%		-26.69%	-18.29%	-15.53%	-29.3%	0.13%	6.44%	-10.48%	-2.04%	-0.27%	1.88%	6.0%	1.82%
Other Income/Expense, Net	$77.00M	$6.000M	-$97.00M	-$50.00M	-$38.00M	-$71.00M	-$76.00M	-$32.00M	-$25.00M	-$21.00M	-$179.0M	-$110.0M	-$61.00M	-$13.00M	-$8.000M	-$1.000M
YoY Change	1183.33%	-106.19%	94.0%	31.58%	-46.48%	-6.58%	137.5%	28.0%	19.05%	-88.27%	62.73%	80.33%	369.23%	62.5%	700.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$13.99B	$20.47B	$2.817B	-$13.61B	$3.233B	$3.697B	$3.344B	$1.822B	$4.374B	$3.835B	$3.246B	$5.238B	$3.719B	$1.023B	$685.0M	$1.885B
YoY Change	-31.66%	626.62%	-120.69%	-521.03%	-12.55%	10.56%	83.53%	-58.34%	14.05%	18.15%	-38.03%	40.84%	263.54%	49.34%	-63.66%
Income Tax	$2.817B	$4.491B	$264.0M	-$2.430B	$784.0M	$764.0M	-$460.0M	$609.0M	$1.506B	$1.280B	$1.113B	$1.845B	$1.330B	$400.0M	$236.0M	$670.0M
% Of Pretax Income	20.14%	21.94%	9.37%		24.25%	20.67%	-13.76%	33.42%	34.43%	33.38%	34.29%	35.22%	35.76%	39.1%	34.45%	35.54%
Net Earnings	$9.681B	$14.52B	$9.738B	-$9.826B	$2.637B	$2.780B	$3.432B	$1.174B	$2.852B	$2.524B	$2.112B	$3.389B	$2.389B	$623.0M	$449.0M	$1.215B
YoY Change	-33.31%	49.07%	-199.1%	-472.62%	-5.14%	-19.0%	192.33%	-58.84%	13.0%	19.51%	-37.68%	41.86%	283.47%	38.75%	-63.05%
Net Earnings / Revenue	6.52%	8.18%	8.12%	-14.08%	2.37%	3.23%	4.59%	1.86%	3.96%	2.58%	2.11%	4.12%	3.04%	1.0%	0.98%	1.87%
Basic Earnings Per Share	$23.73	$28.31	$15.34	-$15.13	$4.00	$5.36	$6.76	$2.22	$5.29	$4.42	$3.34	$9.95	$6.70	$1.75
Diluted Earnings Per Share	$23.63	$28.12	$15.24	-$15.13	$3.97	$5.28	$6.70	$2.21	$5.26	$4.39	$3.32	$9.89	$6.67	$1.74	$630.6K	$1.706M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$10.22B	$11.77B	$10.84B	$415.0M	$1.393B	$1.687B	$3.011B	$887.0M	$1.127B	$1.494B	$2.292B	$4.860B	$3.079B	$2.522B	$992.0M
YoY Change	-13.14%	8.59%	2511.81%	-70.21%	-17.43%	-43.97%	239.46%	-21.3%	-24.56%	-34.82%	-52.84%	57.84%	22.09%	154.23%
Cash & Equivalents	$1.081B	$8.625B	$5.291B	$415.0M	$1.393B	$1.687B	$3.011B	$887.0M	$1.127B	$1.494B	$2.292B	$4.860B	$3.079B	$118.0M	$128.0M
Short-Term Investments	$4.781B	$3.145B	$5.548B										$0.00	$2.404B	$864.0M
Other Short-Term Assets	$971.0M	$1.168B	$568.0M	$14.11B	$12.03B	$646.0M	$145.0M	$241.0M	$192.0M	$145.0M	$197.0M	$110.0M	$141.0M	$65.00M	$41.00M
YoY Change	-16.87%	105.63%	-95.98%	17.33%	1761.92%	345.52%	-39.83%	25.52%	32.41%	-26.4%	79.09%	-21.99%	116.92%	58.54%
Inventory	$9.317B	$8.827B	$8.055B	$7.999B	$9.804B	$9.837B	$5.550B	$5.656B	$5.225B	$5.642B	$4.689B	$3.449B	$3.320B	$3.071B	$3.324B
Prepaid Expenses
Receivables	$11.62B	$13.48B	$11.03B	$5.760B	$7.233B	$5.853B	$4.695B	$3.617B	$2.927B	$4.058B	$5.559B	$4.610B	$5.461B	$4.398B	$3.543B
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$32.13B	$35.24B	$30.50B	$28.29B	$30.46B	$18.02B	$13.40B	$10.40B	$9.471B	$11.34B	$12.74B	$13.03B	$12.00B	$10.06B	$7.900B
YoY Change	-8.83%	15.56%	7.81%	-7.13%	69.0%	34.49%	28.84%	9.82%	-16.47%	-10.98%	-2.24%	8.57%	19.34%	27.29%
Property, Plant & Equipment	$36.35B	$36.87B	$38.81B	$40.56B	$42.68B	$45.06B	$26.44B	$25.77B	$25.16B	$16.26B	$13.92B	$12.64B	$12.23B	$11.72B	$11.90B
YoY Change	-1.43%	-5.0%	-4.3%	-4.97%	-5.29%	70.4%	2.63%	2.39%	54.75%	16.81%	10.11%	3.39%	4.3%	-1.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$6.260B	$6.466B	$5.409B	$5.422B	$6.568B	$5.898B	$4.787B	$3.827B	$3.622B	$865.0M	$463.0M	$321.0M	$302.0M	$312.0M	$365.0M
YoY Change	-3.19%	19.54%	-0.24%	-17.45%	11.36%	23.21%	25.08%	5.66%	318.73%	86.83%	44.24%	6.29%	-3.21%	-14.52%
Other Assets	$3.007B	$3.081B	$2.400B	$2.637B	$3.204B	$3.777B	$830.0M	$833.0M	$839.0M	$394.0M	$326.0M	$300.0M	$372.0M	$303.0M	$220.0M
YoY Change	-2.4%	28.38%	-8.99%	-17.7%	-15.17%	355.06%	-0.36%	-0.72%	112.94%	20.86%	8.67%	-19.35%	22.77%	37.73%
Total Long-Term Assets	$53.86B	$54.66B	$54.88B	$56.87B	$68.10B	$74.92B	$35.65B	$34.01B	$33.64B	$19.09B	$15.65B	$14.19B	$13.74B	$13.18B	$13.35B
YoY Change	-1.47%	-0.39%	-3.51%	-16.49%	-9.1%	110.17%	4.8%	1.09%	76.28%	21.97%	10.24%	3.27%	4.31%	-1.33%
Total Assets	$85.99B	$89.90B	$85.37B	$85.16B	$98.56B	$92.94B	$49.05B	$44.41B	$43.12B	$30.43B	$28.39B	$27.22B	$25.75B	$23.23B	$21.25B
YoY Change
Accounts Payable	$13.76B	$15.31B	$13.70B	$7.803B	$11.22B	$9.366B	$8.297B	$5.593B	$4.743B	$6.661B	$8.234B	$6.785B	$8.189B	$6.794B	$5.697B
YoY Change	-10.13%	11.77%	75.57%	-30.47%	19.82%	12.88%	48.35%	17.92%	-28.79%	-19.1%	21.36%	-17.14%	20.53%	19.26%
Accrued Expenses	$1.885B	$1.335B	$1.349B	$1.229B	$1.501B	$1.152B	$1.092B	$994.0M	$963.0M	$890.0M	$779.0M	$689.0M	$649.0M	$552.0M	$535.0M
YoY Change	41.2%	-1.04%	9.76%	-18.12%	30.3%	5.49%	9.86%	3.22%	8.2%	14.25%	13.06%	6.16%	17.57%	3.18%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.954B	$1.066B	$571.0M	$2.854B	$704.0M	$544.0M	$624.0M	$28.00M	$29.00M	$27.00M	$23.00M	$19.00M	$15.00M	$666.0M	$11.00M
YoY Change	83.3%	86.69%	-79.99%	305.4%	29.41%	-12.82%	2128.57%	-3.45%	7.41%	17.39%	21.05%	26.67%	-97.75%	5954.55%
Total Short-Term Liabilities	$20.15B	$20.02B	$17.90B	$15.66B	$16.95B	$13.22B	$10.48B	$7.146B	$6.345B	$8.579B	$9.824B	$8.203B	$9.591B	$8.620B	$6.637B
YoY Change	0.65%	11.86%	14.27%	-7.58%	28.24%	26.13%	46.63%	12.62%	-26.04%	-12.67%	19.76%	-14.47%	11.26%	29.88%
Long-Term Debt	$25.33B	$25.63B	$24.97B	$28.73B	$28.02B	$26.98B	$12.32B	$10.54B	$11.90B	$6.575B	$3.373B	$3.342B	$3.292B	$3.231B	$2.601B
YoY Change	-1.19%	2.67%	-13.09%	2.53%	3.85%	118.96%	16.86%	-11.37%	80.93%	94.93%	0.93%	1.52%	1.89%	24.22%
Other Long-Term Liabilities	$3.275B	$3.259B	$3.288B	$4.342B	$4.089B	$2.827B	$1.765B	$1.659B	$1.914B	$1.867B	$1.552B	$1.523B	$2.047B	$1.770B	$1.593B
YoY Change	0.49%	-0.88%	-24.27%	6.19%	44.64%	60.17%	6.39%	-13.32%	2.52%	20.3%	1.9%	-25.6%	15.65%	11.11%
Total Long-Term Liabilities	$28.60B	$28.89B	$28.26B	$33.07B	$32.11B	$29.81B	$14.09B	$12.20B	$13.81B	$8.442B	$4.925B	$4.865B	$5.339B	$5.001B	$4.194B
YoY Change	-1.0%	2.25%	-14.56%	3.0%	7.72%	111.59%	15.44%	-11.64%	63.59%	71.41%	1.23%	-8.88%	6.76%	19.24%
Total Liabilities	$61.58B	$62.19B	$59.17B	$62.96B	$64.86B	$57.77B	$35.01B	$30.86B	$29.88B	$19.67B	$17.47B	$15.53B	$16.24B	$14.99B	$12.08B
YoY Change	-0.97%	5.11%	-6.02%	-2.93%	12.29%	64.98%	13.48%	3.27%	51.87%	12.65%	12.47%	-4.38%	8.35%	24.05%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	407.0M shares	512.0M shares	634.0M shares	649.0M shares	659.0M shares	518.0M shares	507.0M shares	528.0M shares	538.0M shares	570.0M shares	630.0M shares	340.0M shares	356.0M shares	356.0M shares
Diluted Shares Outstanding	409.0M shares	516.0M shares	638.0M shares	649.0M shares	664.0M shares	526.0M shares	512.0M shares	530.0M shares	542.0M shares	574.0M shares	634.0M shares	342.0M shares	357.0M shares	358.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $48.337 Billion

About Marathon Petroleum Corp

Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. The company is headquartered in Findlay, Ohio and currently employs 18,200 full-time employees. The company went IPO on 2011-06-23. The firm operates through two segments: Refining & Marketing and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks, including renewable feedstocks, at its refineries in the Gulf Coast, Mid-Continent and West Coast regions of the United States. The firm sells refined products to wholesale marketing customers domestically and internationally, to buyers on the spot market, to independent entrepreneurs who operate primarily Marathon branded outlets and through long-term supply contracts with direct dealers who operate locations mainly under the ARCO brand. The Midstream segment gathers, transports, stores and distributes crude oil, refined products, including renewable diesel, and other hydrocarbon-based products principally for the Refining & Marketing segment via refining logistics assets, pipelines, terminals, towboats and barges, and others.

Industry: Petroleum Refining Peers: Archaea Energy Inc. CVR ENERGY INC HF Sinclair Corp Phillips 66 PBF Energy Inc. Renewable Energy Group, Inc. Sunoco LP VALERO ENERGY CORP/TX