Mplx (MPLX) FCF Margin (2011 - 2026)
Mplx's FCF Margin was 18.92% in Q3 2026, down 6.09 percentage points from 25.01% a year earlier and down 7.56 percentage points from the prior quarter.
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Analysis
Mplx (MPLX) FCF Margin (2011 - 2026) Analysis & Trends
On a trailing twelve-month basis, Mplx's FCF Margin was 23.57% through Sep 30, 2026, down 13.01 percentage points year-over-year; for FY2025, it came in at 31.55%, down 9.43 percentage points from FY2024.
- FCF Margin shows a five-year change of -12.55 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 40.98% in FY2024 (+1.44 pp), 39.54% in FY2023 (+3.26 pp), 36.28% in FY2022 (-7.42 pp) and 43.70% in FY2021 (-0.40 pp).
- The Q3 2026 figure marks the lowest quarterly FCF Margin since Q4 2019.
- Compared with a year earlier, FCF Margin has declined for five straight quarters, with an average year-over-year change of -8.12 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q3 2023 (a gain of 11.36 percentage points); the worst was Q2 2026 (a drop of 21.31 percentage points).
- Per Business Quant data, MPLX's FCF Margin in the three quarters before Q3 2026 was 26.48% (Q2 2026), 25.41% (Q1 2026) and 24.05% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 103.69 Bn | 99.28 Bn | 4.84 Bn | 3.87% |
| 2 | Williams Companies | 82.17 Bn | 79.19 Bn | 2.59 Bn | -30.53% |
| 3 | Enterprise Products Partners | 79.48 Bn | 77.85 Bn | - | 6.28% |
| 4 | Kinder Morgan | 68.25 Bn | 67.10 Bn | 2.97 Bn | 12.03% |
| 5 | Energy Transfer | 65.72 Bn | 61.55 Bn | 6.57 Bn | 5.76% |
| 6 | Tc Energy | 65.61 Bn | 62.37 Bn | - | - |
| 7 | Cheniere Energy | 59.19 Bn | 53.34 Bn | 2.97 Bn | 28.09% |
| 8 | Targa Resources | 58.41 Bn | 57.87 Bn | 2.02 Bn | 2.15% |
| 9 | Mplx | 57.57 Bn | 51.60 Bn | 3.19 Bn | 18.92% |
| 10 | Oneok | 54.18 Bn | 53.59 Bn | 2.84 Bn | 3.55% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.92% |
| Jun 30, 2026 | 26.48% |
| Mar 31, 2026 | 25.41% |
| Dec 31, 2025 | 24.05% |
| Sep 30, 2025 | 25.01% |
| Jun 30, 2025 | 47.79% |
| Mar 31, 2025 | 31.34% |
| Dec 31, 2024 | 44.63% |
| Sep 30, 2024 | 38.19% |
| Jun 30, 2024 | 44.30% |
| Mar 31, 2024 | 36.40% |
| Dec 31, 2023 | 40.93% |
| Sep 30, 2023 | 34.82% |
| Jun 30, 2023 | 43.64% |
| Mar 31, 2023 | 39.00% |
| Dec 31, 2022 | 41.21% |
| Sep 30, 2022 | 23.46% |
| Jun 30, 2022 | 46.33% |
| Mar 31, 2022 | 36.63% |
| Dec 31, 2021 | 39.69% |
API Access
Mplx FCF Margin 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=fcf-margin&ticker=MPLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "MPLX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=MPLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();