Murphy USA (MUSA) Gross Margin (2012 - 2026)
Murphy USA (MUSA) recorded Gross Margin of 10.97% in Q2 2026, down 1.26 percentage points from 12.23% a year earlier and down 1.78 percentage points from the prior quarter.
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Analysis
Murphy USA (MUSA) Gross Margin (2012 - 2026) Analysis & Trends
On a TTM basis, Murphy USA's Gross Margin came in at 12.22% as of Jun 30, 2026, up 0.33 percentage points year-over-year; for FY2025, it was 12.17%, up 0.78 percentage points from FY2024.
- Annual Gross Margin has increased for three straight years, though with a five-year change of -0.64 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 11.39% in FY2024 (+0.65 pp), 10.75% in FY2023 (+0.51 pp), 10.24% in FY2022 (-0.41 pp) and 10.65% in FY2021 (-2.16 pp).
- The Q2 2026 figure is the lowest quarterly Gross Margin since Q1 2025.
- On a year-over-year basis, Gross Margin rose in seven of the last eight quarters, with an average year-over-year change of +0.73 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 3.58 percentage points in Q3 2021, against a drop of 15.12 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.75% (Q1 2026), 13.44% (Q4 2025) and 12.26% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 936.70 Bn | 893.14 Bn | 49.13 Bn | 26.14% |
| 2 | Costco Wholesale | 442.74 Bn | 366.02 Bn | 12.19 Bn | 12.74% |
| 3 | Sysco | 39.28 Bn | 33.53 Bn | 4.13 Bn | 18.69% |
| 4 | Kroger | 38.78 Bn | 24.94 Bn | 7.86 Bn | 22.70% |
| 5 | Dollar General | 29.11 Bn | 23.79 Bn | 3.68 Bn | 32.60% |
| 6 | Caseys General Stores | 25.62 Bn | 23.62 Bn | 1.24 Bn | 21.82% |
| 7 | Dollar Tree | 23.85 Bn | 20.47 Bn | 2.10 Bn | 42.91% |
| 8 | US Foods Holding | 22.34 Bn | 22.13 Bn | 1.92 Bn | 18.22% |
| 9 | Tractor Supply | 16.89 Bn | 16.05 Bn | 1.68 Bn | 37.05% |
| 10 | Murphy USA | 9.92 Bn | 9.55 Bn | 746.50 Mn | 10.97% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.97% |
| Mar 31, 2026 | 12.75% |
| Dec 31, 2025 | 13.44% |
| Sep 30, 2025 | 12.26% |
| Jun 30, 2025 | 12.23% |
| Mar 31, 2025 | 10.69% |
| Dec 31, 2024 | 12.72% |
| Sep 30, 2024 | 11.87% |
| Jun 30, 2024 | 11.15% |
| Mar 31, 2024 | 9.88% |
| Dec 31, 2023 | 11.67% |
| Sep 30, 2023 | 10.89% |
| Jun 30, 2023 | 10.26% |
| Mar 31, 2023 | 10.19% |
| Dec 31, 2022 | 10.42% |
| Sep 30, 2022 | 10.88% |
| Jun 30, 2022 | 9.18% |
| Mar 31, 2022 | 10.67% |
| Dec 31, 2021 | 10.28% |
| Sep 30, 2021 | 10.45% |
API Access
Murphy USA Gross 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=gross-margin&ticker=MUSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MUSA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MUSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();