Marathon Petroleum Corp (MPC) stock
MPCNYSEPetroleum RefiningFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 12/3020% above fair value
$402.84+13.29 (+3.41%)
Close on Nov 11, 2026Market cap $113.13BP/E 13.9Yield 0.93%
Marathon Petroleum gross margin
Gross margin is gross profit as a percentage of revenue.
Marathon Petroleum's gross margin for the twelve months ending Jun 30, 2026 was 12.5%. For fiscal 2025 it was 10.0%, against 9.1% the year before. The highest annual figure on record is 14.5% in fiscal 2022.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 10.0% | +0.9 |
| FY2024 | Dec 31, 2024 | 9.1% | −4.3 |
| FY2023 | Dec 31, 2023 | 13.4% | −1.2 |
| FY2022 | Dec 31, 2022 | 14.5% | +6.2 |
| FY2021 | Dec 31, 2021 | 8.3% | +2.5 |
| FY2020 | Dec 31, 2020 | 5.8% | −4.9 |
| FY2019 | Dec 31, 2019 | 10.7% | +0.2 |
| FY2018 | Dec 31, 2018 | 10.5% | +0.3 |
| FY2017 | Dec 31, 2017 | 10.2% | −0.2 |
| FY2016 | Dec 31, 2016 | 10.4% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 17.2% | +6.0 |
| Q1 FY2026 | Mar 31, 2026 | 8.6% | +1.7 |
| Q4 FY2025 | Dec 31, 2025 | 11.4% | +3.6 |
| Q3 FY2025 | Sep 30, 2025 | 10.4% | +1.9 |
| Q2 FY2025 | Jun 30, 2025 | 11.2% | +0.7 |
| Q1 FY2025 | Mar 31, 2025 | 6.8% | −2.7 |
| Q4 FY2024 | Dec 31, 2024 | 7.8% | −2.3 |
| Q3 FY2024 | Sep 30, 2024 | 8.4% | −6.2 |
| Q2 FY2024 | Jun 30, 2024 | 10.5% | −2.1 |
| Q1 FY2024 | Mar 31, 2024 | 9.5% | −6.5 |
| Q4 FY2023 | Dec 31, 2023 | 10.1% | −5.5 |
| Q3 FY2023 | Sep 30, 2023 | 14.6% | −0.6 |
| Q2 FY2023 | Jun 30, 2023 | 12.6% | −5.2 |
| Q1 FY2023 | Mar 31, 2023 | 16.0% | +8.1 |
| Q4 FY2022 | Dec 31, 2022 | 15.7% | +6.7 |
| Q3 FY2022 | Sep 30, 2022 | 15.2% | +6.7 |
| Q2 FY2022 | Jun 30, 2022 | 17.8% | +9.6 |
| Q1 FY2022 | Mar 31, 2022 | 7.9% | +0.7 |
| Q4 FY2021 | Dec 31, 2021 | 8.9% | +4.7 |
| Q3 FY2021 | Sep 30, 2021 | 8.5% | +4.3 |
| Q2 FY2021 | Jun 30, 2021 | 8.2% | +2.5 |
| Q1 FY2021 | Mar 31, 2021 | 7.2% | −1.2 |
| Q4 FY2020 | Dec 31, 2020 | 4.2% | −8.0 |
| Q3 FY2020 | Sep 30, 2020 | 4.2% | −7.4 |
| Q2 FY2020 | Jun 30, 2020 | 5.7% | +3.8 |
| Q1 FY2020 | Mar 31, 2020 | 8.4% | +10.8 |
| Q4 FY2019 | Dec 31, 2019 | 12.2% | −28.2 |
| Q3 FY2019 | Sep 30, 2019 | 11.6% | +1.3 |
| Q2 FY2019 | Jun 30, 2019 | 1.8% | −10.1 |
| Q1 FY2019 | Mar 31, 2019 | -2.4% | −10.3 |
| Q4 FY2018 | Dec 31, 2018 | 40.4% | +32.6 |
| Q3 FY2018 | Sep 30, 2018 | 10.4% | −3.1 |
| Q2 FY2018 | Jun 30, 2018 | 11.9% | +0.5 |
| Q1 FY2018 | Mar 31, 2018 | 7.9% | – |
| Q4 FY2017 | Dec 31, 2017 | 7.7% | – |
| Q3 FY2017 | Sep 30, 2017 | 13.5% | – |
| Q2 FY2017 | Jun 30, 2017 | 11.4% | – |
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