Marathon Petroleum (MPC) Gross Margin (2010 - 2026)
Marathon Petroleum (MPC) posted Gross Margin of 9.57% for Q1 2026, down 46.16% sequentially from 17.77% in Q4 2025, and up 272.0% YoY from 2.57% in Q1 2025.
Marathon Petroleum (MPC) Gross Margin (2010 - 2026) Analysis & Trends
Marathon Petroleum has reported Gross Margin for 17 years, with the latest figure at 9.57% in Q1 2026.
- Quarterly Gross Margin rose 272.0% year-over-year to 9.57% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.24% (up 377.0% YoY) and the FY2025 annual result came in at 11.67%, up 258.0% from the prior year.
- Gross Margin retreated to 9.57% in Q1 2026 per MPC's latest filing, from 17.77% in the prior quarter.
- Over five years, Gross Margin peaked at 18.49% in Q2 2022 and troughed at 6.84% in Q1 2025.
- A 5-year average of 11.62% and a median of 10.47% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin soared 1026 bps in 2022, then plunged 646 bps in 2024.
- Over 5 years, Gross Margin stood at 10.69% in 2022, then decreased by 5 bps to 10.13% in 2023, then retreated by 23 bps to 7.78% in 2024, then surged by 128 bps to 17.77% in 2025, then tumbled by 46 bps to 9.57% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 9.57%, 17.77%, and 10.37% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 95.97 Bn | 88.20 Bn | 9.27 Bn | 17.72% |
| 2 | Valero Energy | 94.92 Bn | 87.05 Bn | 5.47 Bn | 12.30% |
| 3 | Phillips 66 | 89.40 Bn | 85.30 Bn | 8.38 Bn | 16.10% |
| 4 | HF Sinclair | 15.54 Bn | 13.28 Bn | 1.57 Bn | 15.14% |
| 5 | Sunoco | 10.16 Bn | 9.39 Bn | 1.46 Bn | 10.27% |
| 6 | PBF Energy | 8.17 Bn | 7.28 Bn | 1.15 Bn | 9.82% |
| 7 | Cosan | 6.52 Bn | 1.41 Bn | 552.94 Mn | 31.01% |
| 8 | Ultrapar Holdings | 6.40 Bn | 4.68 Bn | 603.08 Mn | 8.64% |
| 9 | Icahn Enterprises | 5.05 Bn | 3.08 Bn | 198.00 Mn | 6.43% |
| 10 | Delek US Holdings | 3.92 Bn | 3.29 Bn | 365.10 Mn | 8.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.72% |
| Mar 31, 2026 | 9.57% |
| Dec 31, 2025 | 17.77% |
| Sep 30, 2025 | 10.37% |
| Jun 30, 2025 | 11.17% |
| Mar 31, 2025 | 6.84% |
| Dec 31, 2024 | 7.78% |
| Sep 30, 2024 | 8.44% |
| Jun 30, 2024 | 10.47% |
| Mar 31, 2024 | 9.52% |
| Dec 31, 2023 | 10.13% |
| Sep 30, 2023 | 14.64% |
| Jun 30, 2023 | 12.60% |
| Mar 31, 2023 | 15.98% |
| Dec 31, 2022 | 10.69% |
| Sep 30, 2022 | 15.21% |
| Jun 30, 2022 | 18.49% |
| Mar 31, 2022 | 7.86% |
| Dec 31, 2021 | 8.92% |
| Sep 30, 2021 | 8.53% |