Murphy USA (MUSA) Operating Margin (2012 - 2026)
Murphy USA (MUSA) reported Operating Margin of 36.32% for Q1 2026, up 2037.0% on a YoY basis from 1.7% in Q1 2025, and up 2221.98% sequentially from 1.71% in Q4 2025.
Murphy USA (MUSA) Operating Margin (2012 - 2026) Analysis & Trends
Murphy USA (MUSA) has 15 years of Operating Margin data on file, last reported at 36.32% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 2037.0% year-over-year to 36.32%; the trailing twelve-month figure through Mar 2026 stood at 53.56% (down 5647.0% YoY), and the FY2025 full-year result was 29.94%, up 2627.0% from the prior year.
- Operating Margin climbed to 36.32% in Q1 2026, from 1.71% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 54.75% in Q3 2022 to a low of 1.71% in Q4 2025.
- A 5-year average of 21.43% and a median of 15.95% in 2025 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin soared 5131 bps in 2022 and slumped 4373 bps in 2023, its largest moves.
- Tracing MUSA's Operating Margin over 5 years: stood at 3.23% in 2022, then jumped by 1060 bps to 37.51% in 2023, then slumped by 97 bps to 1.08% in 2024, then plunged by 259 bps to 1.71% in 2025, then surged by 2222 bps to 36.32% in 2026.
- Business Quant data shows MUSA's Operating Margin at 36.32% in Q1 2026, 1.71% in Q4 2025, and 3.95% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.13 Bn | 31.61 Bn | 1.08 Bn | 7.66% |
| 2 | NaaS Technology | 30.58 Bn | 30.58 Bn | - | - |
| 3 | Williams Sonoma | 28.34 Bn | 27.33 Bn | 1.10 Bn | 20.27% |
| 4 | Ulta Beauty | 23.18 Bn | 22.69 Bn | 1.48 Bn | 12.23% |
| 5 | Best Buy | 18.52 Bn | 16.77 Bn | 2.10 Bn | 4.14% |
| 6 | Dick'S Sporting Goods | 16.59 Bn | 15.24 Bn | 1.77 Bn | 2.96% |
| 7 | MINISO Group Holding | 16.05 Bn | 14.98 Bn | 414.86 Mn | 14.56% |
| 8 | Tractor Supply | 15.89 Bn | 15.66 Bn | 1.30 Bn | 6.50% |
| 9 | Five Below | 12.09 Bn | 11.16 Bn | 696.98 Mn | 17.99% |
| 10 | Murphy USA | 11.42 Bn | 11.30 Bn | -3.64 Bn | 36.32% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 36.32% |
| Dec 31, 2025 | -1.71% |
| Sep 30, 2025 | 3.95% |
| Jun 30, 2025 | 4.38% |
| Mar 31, 2025 | 15.95% |
| Dec 31, 2024 | 1.08% |
| Sep 30, 2024 | 4.23% |
| Jun 30, 2024 | 36.33% |
| Mar 31, 2024 | 2.17% |
| Dec 31, 2023 | 37.51% |
| Sep 30, 2023 | 42.48% |
| Jun 30, 2023 | 3.56% |
| Mar 31, 2023 | 29.88% |
| Dec 31, 2022 | 3.23% |
| Sep 30, 2022 | 54.75% |
| Jun 30, 2022 | 47.29% |
| Mar 31, 2022 | 42.93% |
| Dec 31, 2021 | 1.02% |
| Sep 30, 2021 | 3.44% |
| Jun 30, 2021 | 4.27% |