Marathon Petroleum (MPC) Return on Invested Capital [ROIC] (2011 - 2026)
Marathon Petroleum (MPC) recorded Return on Invested Capital [ROIC] of 28.29% in Q3 2026, up 17.92 percentage points from 10.37% a year earlier and up 8.56 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 12.69%, up 2.20 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +27.86 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 10.49% in FY2024 (-8.94 pp), 19.43% in FY2023 (-8.56 pp), 27.99% in FY2022 (+21.48 pp) and 6.50% in FY2021 (+21.68 pp).
- The Q3 2026 figure is the highest quarterly Return on Invested Capital [ROIC] since Q1 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased for four consecutive quarters, with an average year-over-year change of +1.01 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 22.76 percentage points in Q4 2021, against a drop of 13.45 percentage points in Q1 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 19.73% (Q2 2026), 13.15% (Q1 2026) and 12.13% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 103.92 Bn | 76.72 Bn | 12.69 Bn | 28.29% |
| 2 | Valero Energy | 98.70 Bn | 70.56 Bn | 9.41 Bn | 33.38% |
| 3 | HF Sinclair | 17.12 Bn | 9.40 Bn | 3.15 Bn | 25.94% |
| 4 | Sunoco | 8.45 Bn | 5.30 Bn | 1.56 Bn | 9.32% |
| 5 | PBF Energy | 7.96 Bn | 3.45 Bn | 2.17 Bn | 31.02% |
| 6 | Ultrapar Holdings | 5.80 Bn | -1.43 Bn | 912.61 Mn | 463.04% |
| 7 | Delek US Holdings | 3.90 Bn | 1.39 Bn | 365.10 Mn | 14.97% |
| 8 | Cvr Energy | 3.81 Bn | 775.98 Mn | 783.00 Mn | 15.08% |
| 9 | Icahn Enterprises | 3.40 Bn | -2.86 Bn | - | -7.39% |
| 10 | Bw Lpg | 3.31 Bn | 2.29 Bn | - | 12.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 28.29% |
| Jun 30, 2026 | 19.73% |
| Mar 31, 2026 | 13.15% |
| Dec 31, 2025 | 12.13% |
| Sep 30, 2025 | 10.37% |
| Jun 30, 2025 | 8.84% |
| Mar 31, 2025 | 9.27% |
| Dec 31, 2024 | 10.89% |
| Sep 30, 2024 | 12.14% |
| Jun 30, 2024 | 16.25% |
| Mar 31, 2024 | 17.13% |
| Dec 31, 2023 | 19.72% |
| Sep 30, 2023 | 22.47% |
| Jun 30, 2023 | 24.79% |
| Mar 31, 2023 | 30.58% |
| Dec 31, 2022 | 27.67% |
| Sep 30, 2022 | 24.19% |
| Jun 30, 2022 | 18.06% |
| Mar 31, 2022 | 8.83% |
| Dec 31, 2021 | 6.43% |
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();