Marathon Petroleum (MPC) Return on Invested Capital [ROIC] (2011 - 2026)
Marathon Petroleum (MPC) recorded Return on Invested Capital [ROIC] of 19.88% in Q2 2026, up 10.99 percentage points from 8.90% a year earlier and up 6.63 percentage points from the prior quarter.
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Analysis
Marathon Petroleum (MPC) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Marathon Petroleum reported Return on Invested Capital [ROIC] of 12.78%, up 2.23 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +28.06 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 10.55% in FY2024 (-8.99 pp), 19.55% in FY2023 (-8.63 pp), 28.17% in FY2022 (+21.62 pp) and 6.55% in FY2021 (+21.83 pp).
- The Q2 2026 figure is the highest quarterly Return on Invested Capital [ROIC] since Q3 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for three consecutive quarters, with an average year-over-year change of -2.53 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 22.93 percentage points in Q4 2021, against a drop of 13.55 percentage points in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 13.25% (Q1 2026), 12.22% (Q4 2025) and 10.45% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 118.57 Bn | 108.97 Bn | 9.27 Bn | 19.88% |
| 2 | Valero Energy | 116.99 Bn | 97.20 Bn | 5.47 Bn | 19.83% |
| 3 | HF Sinclair | 20.15 Bn | 14.38 Bn | 1.57 Bn | 15.52% |
| 4 | Sunoco | 10.25 Bn | 4.63 Bn | 1.46 Bn | 7.48% |
| 5 | PBF Energy | 9.64 Bn | 7.33 Bn | 1.15 Bn | 17.88% |
| 6 | Ultrapar Holdings | 7.95 Bn | 1.73 Bn | 912.61 Mn | - |
| 7 | Cvr Energy | 5.51 Bn | 3.30 Bn | 117.00 Mn | 10.23% |
| 8 | Icahn Enterprises | 4.74 Bn | -1.02 Bn | - | - |
| 9 | Delek US Holdings | 4.54 Bn | 2.27 Bn | 365.10 Mn | 14.97% |
| 10 | Par Pacific Holdings | 4.21 Bn | 3.56 Bn | 852.68 Mn | 34.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.88% |
| Mar 31, 2026 | 13.25% |
| Dec 31, 2025 | 12.22% |
| Sep 30, 2025 | 10.45% |
| Jun 30, 2025 | 8.90% |
| Mar 31, 2025 | 9.33% |
| Dec 31, 2024 | 10.96% |
| Sep 30, 2024 | 12.21% |
| Jun 30, 2024 | 16.35% |
| Mar 31, 2024 | 17.22% |
| Dec 31, 2023 | 19.83% |
| Sep 30, 2023 | 22.61% |
| Jun 30, 2023 | 24.94% |
| Mar 31, 2023 | 30.77% |
| Dec 31, 2022 | 27.85% |
| Sep 30, 2022 | 24.35% |
| Jun 30, 2022 | 18.19% |
| Mar 31, 2022 | 8.90% |
| Dec 31, 2021 | 6.47% |
| Sep 30, 2021 | 4.61% |
API Access
Marathon Petroleum Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MPC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "MPC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=MPC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();