Murphy USA (MUSA) Operating Margin (2012 - 2026)
Murphy USA's (MUSA) quarterly Operating Margin came in at 4.48% in Q2 2026, up 10.0% year-over-year from 4.07% in Q2 2025, and up 5.21% quarter-over-quarter from 4.26% in Q1 2026.
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Analysis
Murphy USA (MUSA) Operating Margin (2012 - 2026) Analysis & Trends
Murphy USA has disclosed Operating Margin across 15 years of filings, most recently posting 4.48% for Q2 2026.
- In Q2 2026, Operating Margin rose 10.0% year-over-year to 4.48%; the TTM figure through Jun 2026 stood at 4.29% (up 55.0% YoY), while the FY2025 annual figure was 3.71%, up 4.0% from the prior year.
- Operating Margin came in at 4.48% for Q2 2026 at Murphy USA, up from 4.26% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 5.03% in Q3 2022 to a low of 1.94% in Q1 2025.
- Average Operating Margin over 5 years is 3.88%, with a median of 4.23% recorded in 2024.
- Year-over-year, Operating Margin sank 111 bps in 2023 and soared 231 bps in 2026.
- Over 5 years, Operating Margin stood at 3.23% in 2022, then soared by 33 bps to 4.28% in 2023, then dropped by 1 bps to 4.22% in 2024, then advanced by 5 bps to 4.42% in 2025, then advanced by 1 bps to 4.48% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 4.48% in Q2 2026, 4.26% in Q1 2026, and 4.42% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 22.08 Bn | 21.56 Bn | 1.24 Bn | 8.54% |
| 2 | Murphy USA | 9.67 Bn | 9.49 Bn | 746.50 Mn | 4.48% |
| 3 | Arko | 473.42 Mn | 281.56 Mn | - | 1.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.48% |
| Mar 31, 2026 | 4.26% |
| Dec 31, 2025 | 4.42% |
| Sep 30, 2025 | 3.95% |
| Jun 30, 2025 | 4.38% |
| Mar 31, 2025 | 1.94% |
| Dec 31, 2024 | 4.22% |
| Sep 30, 2024 | 4.23% |
| Jun 30, 2024 | 3.98% |
| Mar 31, 2024 | 2.17% |
| Dec 31, 2023 | 4.28% |
| Sep 30, 2023 | 4.27% |
| Jun 30, 2023 | 3.56% |
| Mar 31, 2023 | 3.21% |
| Dec 31, 2022 | 3.23% |
| Sep 30, 2022 | 5.03% |
| Jun 30, 2022 | 3.88% |
| Mar 31, 2022 | 4.31% |
| Dec 31, 2021 | 3.38% |
| Sep 30, 2021 | 3.44% |
API Access
Murphy USA Operating 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=operating-margin&ticker=MUSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MUSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();