MARATHON PETROLEUM CORP (MPC) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:MPC • US56585A1025

176.19 USD
+0.45 (+0.26%)
At close: Jan 30, 2026
177 USD
+0.81 (+0.46%)
After Hours: 1/30/2026, 8:07:11 PM
Fundamental Rating

4

Taking everything into account, MPC scores 4 out of 10 in our fundamental rating. MPC was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. MPC has an average financial health and profitability rating. MPC has a valuation in line with the averages, but it does not seem to be growing. MPC also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • MPC had positive earnings in the past year.
  • MPC had a positive operating cash flow in the past year.
  • MPC had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years MPC had a positive operating cash flow.
MPC Yearly Net Income VS EBIT VS OCF VS FCFMPC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.53%, MPC is in line with its industry, outperforming 53.14% of the companies in the same industry.
  • MPC has a Return On Equity of 17.56%. This is amongst the best in the industry. MPC outperforms 84.54% of its industry peers.
  • MPC has a better Return On Invested Capital (9.41%) than 81.16% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MPC is below the industry average of 21.94%.
  • The 3 year average ROIC (17.20%) for MPC is well above the current ROIC(9.41%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 3.53%
ROE 17.56%
ROIC 9.41%
ROA(3y)10.58%
ROA(5y)6.32%
ROE(3y)37.13%
ROE(5y)20.85%
ROIC(3y)17.2%
ROIC(5y)N/A
MPC Yearly ROA, ROE, ROICMPC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

1.3 Margins

  • The Profit Margin of MPC (2.13%) is comparable to the rest of the industry.
  • MPC's Profit Margin has been stable in the last couple of years.
  • The Operating Margin of MPC (4.97%) is worse than 64.25% of its industry peers.
  • In the last couple of years the Operating Margin of MPC has remained more or less at the same level.
  • MPC has a worse Gross Margin (10.43%) than 71.01% of its industry peers.
  • MPC's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 4.97%
PM (TTM) 2.13%
GM 10.43%
OM growth 3Y10.38%
OM growth 5Y0%
PM growth 3Y-32.72%
PM growth 5Y0.75%
GM growth 3Y3.77%
GM growth 5Y-1.88%
MPC Yearly Profit, Operating, Gross MarginsMPC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 -10 15

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4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MPC is creating value.
  • MPC has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MPC has less shares outstanding
  • Compared to 1 year ago, MPC has a worse debt to assets ratio.
MPC Yearly Shares OutstandingMPC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
MPC Yearly Total Debt VS Total AssetsMPC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B 80B

2.2 Solvency

  • MPC has an Altman-Z score of 3.11. This indicates that MPC is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.11, MPC belongs to the best of the industry, outperforming 81.16% of the companies in the same industry.
  • The Debt to FCF ratio of MPC is 7.23, which is on the high side as it means it would take MPC, 7.23 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 7.23, MPC is in line with its industry, outperforming 57.00% of the companies in the same industry.
  • A Debt/Equity ratio of 1.64 is on the high side and indicates that MPC has dependencies on debt financing.
  • The Debt to Equity ratio of MPC (1.64) is worse than 75.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.64
Debt/FCF 7.23
Altman-Z 3.11
ROIC/WACC1.18
WACC7.96%
MPC Yearly LT Debt VS Equity VS FCFMPC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B

2.3 Liquidity

  • MPC has a Current Ratio of 1.19. This is a normal value and indicates that MPC is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of MPC (1.19) is comparable to the rest of the industry.
  • A Quick Ratio of 0.73 indicates that MPC may have some problems paying its short term obligations.
  • The Quick ratio of MPC (0.73) is worse than 64.25% of its industry peers.
Industry RankSector Rank
Current Ratio 1.19
Quick Ratio 0.73
MPC Yearly Current Assets VS Current LiabilitesMPC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B

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3

3. Growth

3.1 Past

  • The earnings per share for MPC have decreased strongly by -40.24% in the last year.
  • The Earnings Per Share has been growing by 14.10% on average over the past years. This is quite good.
  • MPC shows a decrease in Revenue. In the last year, the revenue decreased by -5.85%.
  • MPC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.70% yearly.
EPS 1Y (TTM)-40.24%
EPS 3Y55.17%
EPS 5Y14.1%
EPS Q2Q%60.96%
Revenue 1Y (TTM)-5.85%
Revenue growth 3Y5.1%
Revenue growth 5Y4.7%
Sales Q2Q%1.35%

3.2 Future

  • Based on estimates for the next years, MPC will show a very strong growth in Earnings Per Share. The EPS will grow by 20.53% on average per year.
  • The Revenue is expected to decrease by -2.18% on average over the next years.
EPS Next Y6.14%
EPS Next 2Y21.17%
EPS Next 3Y13.46%
EPS Next 5Y20.53%
Revenue Next Year-3.89%
Revenue Next 2Y-4.39%
Revenue Next 3Y-1.72%
Revenue Next 5Y-2.18%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MPC Yearly Revenue VS EstimatesMPC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 50B 100B 150B
MPC Yearly EPS VS EstimatesMPC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 10 20

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4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 23.49, the valuation of MPC can be described as rather expensive.
  • MPC's Price/Earnings ratio is in line with the industry average.
  • MPC is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.32, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 12.85, which indicates a correct valuation of MPC.
  • Based on the Price/Forward Earnings ratio, MPC is valued a bit cheaper than the industry average as 66.18% of the companies are valued more expensively.
  • MPC's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.57.
Industry RankSector Rank
PE 23.49
Fwd PE 12.85
MPC Price Earnings VS Forward Price EarningsMPC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MPC is on the same level as its industry peers.
  • MPC's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MPC is cheaper than 71.01% of the companies in the same industry.
Industry RankSector Rank
P/FCF 12.39
EV/EBITDA 8.41
MPC Per share dataMPC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MPC does not grow enough to justify the current Price/Earnings ratio.
  • A more expensive valuation may be justified as MPC's earnings are expected to grow with 13.46% in the coming years.
PEG (NY)3.83
PEG (5Y)1.67
EPS Next 2Y21.17%
EPS Next 3Y13.46%

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7

5. Dividend

5.1 Amount

  • MPC has a Yearly Dividend Yield of 2.28%. Purely for dividend investing, there may be better candidates out there.
  • MPC's Dividend Yield is comparable with the industry average which is at 3.64.
  • Compared to an average S&P500 Dividend Yield of 1.83, MPC pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.28%

5.2 History

  • On average, the dividend of MPC grows each year by 9.91%, which is quite nice.
  • MPC has paid a dividend for at least 10 years, which is a reliable track record.
  • MPC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)9.91%
Div Incr Years3
Div Non Decr Years13
MPC Yearly Dividends per shareMPC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • MPC pays out 39.32% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of MPC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP39.32%
EPS Next 2Y21.17%
EPS Next 3Y13.46%
MPC Yearly Income VS Free CF VS DividendMPC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B
MPC Dividend Payout.MPC Dividend Payout, showing the Payout Ratio.MPC Dividend Payout.PayoutRetained Earnings

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MARATHON PETROLEUM CORP / MPC FAQ

Can you provide the ChartMill fundamental rating for MARATHON PETROLEUM CORP?

ChartMill assigns a fundamental rating of 4 / 10 to MPC.


Can you provide the valuation status for MARATHON PETROLEUM CORP?

ChartMill assigns a valuation rating of 4 / 10 to MARATHON PETROLEUM CORP (MPC). This can be considered as Fairly Valued.


What is the profitability of MPC stock?

MARATHON PETROLEUM CORP (MPC) has a profitability rating of 5 / 10.


Can you provide the PE and PB ratios for MPC stock?

The Price/Earnings (PE) ratio for MARATHON PETROLEUM CORP (MPC) is 23.49 and the Price/Book (PB) ratio is 3.23.


Can you provide the expected EPS growth for MPC stock?

The Earnings per Share (EPS) of MARATHON PETROLEUM CORP (MPC) is expected to grow by 6.14% in the next year.