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 operating margin
Operating margin is operating income as a percentage of revenue.
Marathon Petroleum's operating margin for the twelve months ending Jun 30, 2026 was 9.2%. For fiscal 2025 it was 6.2%, against 4.9% the year before. The highest annual figure on record is 29325.0% in fiscal 2015.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 6.2% | +1.4 |
| FY2024 | Dec 31, 2024 | 4.9% | −4.9 |
| FY2023 | Dec 31, 2023 | 9.8% | −2.3 |
| FY2022 | Dec 31, 2022 | 12.1% | +8.5 |
| FY2021 | Dec 31, 2021 | 3.6% | +21.1 |
| FY2020 | Dec 31, 2020 | -17.6% | −21.6 |
| FY2019 | Dec 31, 2019 | 4.0% | −1.4 |
| FY2018 | Dec 31, 2018 | 5.4% | +0.1 |
| FY2017 | Dec 31, 2017 | 5.4% | +1.6 |
| FY2016 | Dec 31, 2016 | 3.8% | −29321.2 |
| FY2015 | Dec 31, 2015 | 29325.0% | +29321.6 |
| FY2013 | Dec 31, 2013 | 3.4% | −3.1 |
| FY2012 | Dec 31, 2012 | 6.5% | +1.7 |
| FY2011 | Dec 31, 2011 | 4.8% | +3.1 |
| FY2010 | Dec 31, 2010 | 1.6% | −0.2 |
| FY2009 | Dec 31, 2009 | 1.8% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 14.1% | +7.6 |
| Q1 FY2026 | Mar 31, 2026 | 4.1% | +1.9 |
| Q4 FY2025 | Dec 31, 2025 | 8.3% | +4.8 |
| Q3 FY2025 | Sep 30, 2025 | 7.8% | +4.0 |
| Q2 FY2025 | Jun 30, 2025 | 6.5% | −0.2 |
| Q1 FY2025 | Mar 31, 2025 | 2.2% | −3.3 |
| Q4 FY2024 | Dec 31, 2024 | 3.4% | −3.2 |
| Q3 FY2024 | Sep 30, 2024 | 3.8% | −7.8 |
| Q2 FY2024 | Jun 30, 2024 | 6.7% | −2.4 |
| Q1 FY2024 | Mar 31, 2024 | 5.5% | −6.2 |
| Q4 FY2023 | Dec 31, 2023 | 6.6% | −5.3 |
| Q3 FY2023 | Sep 30, 2023 | 11.6% | −3.0 |
| Q2 FY2023 | Jun 30, 2023 | 9.1% | −6.4 |
| Q1 FY2023 | Mar 31, 2023 | 11.6% | +7.1 |
| Q4 FY2022 | Dec 31, 2022 | 11.9% | +6.9 |
| Q3 FY2022 | Sep 30, 2022 | 14.6% | +10.5 |
| Q2 FY2022 | Jun 30, 2022 | 15.5% | +12.2 |
| Q1 FY2022 | Mar 31, 2022 | 4.5% | +3.6 |
| Q4 FY2021 | Dec 31, 2021 | 5.0% | +2.9 |
| Q3 FY2021 | Sep 30, 2021 | 4.1% | +10.2 |
| Q2 FY2021 | Jun 30, 2021 | 3.3% | −1.5 |
| Q1 FY2021 | Mar 31, 2021 | 1.0% | +55.7 |
| Q4 FY2020 | Dec 31, 2020 | 2.2% | +0.2 |
| Q3 FY2020 | Sep 30, 2020 | -6.1% | −12.2 |
| Q2 FY2020 | Jun 30, 2020 | 4.7% | −0.9 |
| Q1 FY2020 | Mar 31, 2020 | -54.7% | −56.8 |
| Q4 FY2019 | Dec 31, 2019 | 2.0% | −4.2 |
| Q3 FY2019 | Sep 30, 2019 | 6.1% | −0.0 |
| Q2 FY2019 | Jun 30, 2019 | 5.6% | −2.1 |
| Q1 FY2019 | Mar 31, 2019 | 2.1% | −0.3 |
| Q4 FY2018 | Dec 31, 2018 | 6.2% | +0.7 |
| Q3 FY2018 | Sep 30, 2018 | 6.1% | −2.1 |
| Q2 FY2018 | Jun 30, 2018 | 7.7% | +2.3 |
| Q1 FY2018 | Mar 31, 2018 | 2.3% | +0.5 |
| Q4 FY2017 | Dec 31, 2017 | 5.5% | +2.3 |
| Q3 FY2017 | Sep 30, 2017 | 8.2% | +5.6 |
| Q2 FY2017 | Jun 30, 2017 | 5.4% | – |
| Q1 FY2017 | Mar 31, 2017 | 1.8% | – |
| Q4 FY2016 | Dec 31, 2016 | 3.2% | – |
| Q3 FY2016 | Sep 30, 2016 | 2.6% | – |
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