Murphy USA (MUSA) Gross Margin (2012 - 2026)

Murphy USA has disclosed Gross Margin across 15 years of filings, most recently posting 82.59% for Q1 2026.

• Gross Margin for Q1 2026 came in at 82.59%, up 7190.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.41% (down 5740.0% YoY), and the FY2025 annual result was 12.17%, down 1592.0% from the prior year.
• Gross Margin came in at 82.59% for Q1 2026 at Murphy USA, up from 204.96% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 88.21% in Q2 2022 to a low of 204.96% in Q4 2025.
• The 5-year median for Gross Margin is 26.99% (2024), against an average of 28.2%.
• Across the five-year window, Gross Margin tumbled 23557 bps in 2025 and jumped 7190 bps in 2026, its largest moves.
• Murphy USA's Gross Margin stood at 25.33% in 2022, then sank by 246 bps to 36.96% in 2023, then surged by 183 bps to 30.6% in 2024, then tumbled by 770 bps to 204.96% in 2025, then soared by 140 bps to 82.59% in 2026.
• The last three Gross Margin figures came in at 82.59% (Q1 2026), 204.96% (Q4 2025), and 29.5% (Q3 2025), per Business Quant data.