MUSANYSERetail-Auto Dealers & Gasoline StationsFiscal year ends December 31
Murphy USA Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$542.74−4.93 (-0.90%)
Close on Oct 19, 2026
- Market cap
- $10.07B
- P/E (TTM)
- 16.5
- Dividend yield
- 0.40%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
3.7%−1.3 pts over 5 years
Net margin
2.4%−1.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -4.2% | -6.1% | +11.5% | +4.3% | |
| Operating income | -3.3% | -9.5% | +5.1% | +11.1% | |
| Net income | -6.3% | -11.2% | +4.0% | +10.3% | |
| EPS, diluted | -0.0% | -5.0% | +13.0% | +19.6% | |
| Free cash flow | -3.9% | -18.4% | +2.4% | +42.8% | |
| Dividend per share | +20.1% | +19.2% | +53.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 48.7% | 64.3% | |
| Return on assets | 11.1% | 14.4% | 10.2% | |
| Current ratio | 1.00 | 1.18 | 0.80 | |
| Debt to equity | 0.96 | 1.28 | 3.50 | |
| Net debt to EBITDA | 1.06× | 1.17× | 2.16× | |
| Interest coverage | 9.8× | 10.9× | 6.5× | |
| Inventory turnover | 12.8× | – | – | |
| Capex to revenue | 2.3% | 2.0% | 2.3% | |
| Diluted shares | 40M | 30M | 20M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Murphy USA generated $4.18B from operations and spent $4.57B on capital expenditure, dividends and share buybacks. 40% of that went back into the business.
Generated
$4.18B
Used
$4.57B
Capital expenditure$1.81B40%Dividends$168.90M4%Share buybacks$2.59B57%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.4%
×Asset turnover4.18×
×Equity multiplier6.33×
=Return on equity, FY202564.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.4% | 4.18× | 6.33× | 64.3% |
| FY2024 | 2.5% | 4.56× | 5.32× | 60.2% |
| FY2023 | 2.6% | 5.09× | 5.76× | 75.8% |
| FY2022 | 2.9% | 5.74× | 5.64× | 92.9% |
| FY2021 | 2.3% | 5.16× | 4.23× | 49.9% |
| FY2020 | 3.4% | 4.19× | 3.39× | 48.7% |
| FY2019 | 1.1% | 5.56× | 3.13× | 19.2% |
| FY2018 | 1.5% | 6.12× | 3.04× | 27.6% |
| FY2017 | 1.9% | 5.80× | 3.08× | 34.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$470.60M
- Cash generatingOperating cash flow above zero$813.90M
- Return on assets improvedROA up on the prior year11.6% → 10.4%
- Earnings backed by cashOperating cash flow above net income$813.90M vs $470.60M
- Less leverageLong-term debt to assets fell40.4% → 45.8%
- Better liquidityCurrent ratio rose0.79 → 0.80
- No dilutionShare count did not rise21M → 20M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose4.66 → 4.27