Marathon Petroleum (MPC) Net Margin (2010 - 2026)
Marathon Petroleum (MPC) posted Net Margin of 2.46% for Q1 2026, down 56.34% sequentially from 5.64% in Q4 2025, and up 136.0% YoY from 1.04% in Q1 2025.
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Marathon Petroleum (MPC) Net Margin (2010 - 2026) Analysis & Trends
Marathon Petroleum has reported Net Margin for 17 years, with the latest figure at 2.46% in Q1 2026.
- Quarterly Net Margin rose 136.0% year-over-year to 2.46% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 4.62% (up 164.0% YoY) and the FY2025 annual result came in at 4.35%, changed N/A from the prior year.
- Net Margin declined to 2.46% in Q1 2026 per MPC's latest filing, from 5.64% in the prior quarter.
- Over five years, Net Margin peaked at 8.88% in Q3 2023 and troughed at 0.19% in Q4 2022.
- A 5-year average of 4.58% and a median of 4.96% in 2025 frame the typical range for Net Margin.
- The sharpest annual moves came in 2023 and 2024: Net Margin soared 499 bps in 2023, then tumbled 599 bps in 2024.
- Over 5 years, Net Margin stood at 0.19% in 2022, then surged by 2603 bps to 5.18% in 2023, then slumped by 54 bps to 2.37% in 2024, then surged by 138 bps to 5.64% in 2025, then sank by 56 bps to 2.46% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 2.46%, 5.64%, and 5.58% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 111.49 Bn | 103.72 Bn | 9.27 Bn | 10.58% |
| 2 | Valero Energy | 107.11 Bn | 99.23 Bn | 5.47 Bn | 9.16% |
| 3 | Phillips 66 | 102.46 Bn | 98.36 Bn | 8.38 Bn | 7.45% |
| 4 | HF Sinclair | 19.06 Bn | 16.80 Bn | 1.57 Bn | 8.59% |
| 5 | Sunoco | 10.46 Bn | 9.69 Bn | 1.46 Bn | 1.98% |
| 6 | PBF Energy | 8.88 Bn | 7.99 Bn | 1.15 Bn | 7.84% |
| 7 | Ultrapar Holdings | 7.71 Bn | 5.59 Bn | 912.61 Mn | 43.25% |
| 8 | Icahn Enterprises | 4.58 Bn | 2.60 Bn | 198.00 Mn | -12.59% |
| 9 | Delek US Holdings | 4.41 Bn | 3.78 Bn | 365.10 Mn | 4.41% |
| 10 | Cvr Energy | 4.29 Bn | 3.56 Bn | 117.00 Mn | 1.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.58% |
| Mar 31, 2026 | 2.46% |
| Dec 31, 2025 | 5.92% |
| Sep 30, 2025 | 5.42% |
| Jun 30, 2025 | 4.72% |
| Mar 31, 2025 | 1.09% |
| Dec 31, 2024 | 2.35% |
| Sep 30, 2024 | 2.87% |
| Jun 30, 2024 | 5.10% |
| Mar 31, 2024 | 3.95% |
| Dec 31, 2023 | 5.10% |
| Sep 30, 2023 | 8.73% |
| Jun 30, 2023 | 7.01% |
| Mar 31, 2023 | 8.79% |
| Dec 31, 2022 | 9.08% |
| Sep 30, 2022 | 10.63% |
| Jun 30, 2022 | 11.46% |
| Mar 31, 2022 | 3.05% |
| Dec 31, 2021 | 3.10% |
| Sep 30, 2021 | 3.16% |