Murphy USA (MUSA) Return on Capital Employed [ROCE] (2013 - 2026)
Murphy USA's Return on Capital Employed [ROCE] was 23.71% in Q2 2026, up 3.42 percentage points from 20.29% a year earlier and up 1.40 percentage points from the prior quarter.
Powered by 
Analysis
Murphy USA (MUSA) Return on Capital Employed [ROCE] (2013 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at Murphy USA came in at 19.39%, down 1.87 percentage points from FY2024.
- Return on Capital Employed [ROCE] has now declined for three consecutive years, with a five-year change of -6.54 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 21.27% in FY2024 (-3.32 pp), 24.59% in FY2023 (-5.38 pp), 29.97% in FY2022 (+7.53 pp) and 22.44% in FY2021 (-3.50 pp).
- The Q2 2026 figure marks the highest quarterly Return on Capital Employed [ROCE] since Q4 2023.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in two of the last eight quarters, with an average year-over-year change of -1.01 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q3 2022 (a gain of 11.82 percentage points); the worst was Q4 2021 (a drop of 7.56 percentage points).
- Per Business Quant data, MUSA's Return on Capital Employed [ROCE] in the three quarters before Q2 2026 was 22.31% (Q1 2026), 19.05% (Q4 2025) and 19.09% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 953.29 Bn | 909.72 Bn | 49.13 Bn | 18.33% |
| 2 | Costco Wholesale | 445.64 Bn | 368.92 Bn | 12.19 Bn | 26.69% |
| 3 | Kroger | 40.41 Bn | 26.56 Bn | 7.86 Bn | 4.92% |
| 4 | Sysco | 39.10 Bn | 33.35 Bn | 4.13 Bn | 17.51% |
| 5 | Dollar General | 29.08 Bn | 23.76 Bn | 3.68 Bn | 9.89% |
| 6 | Caseys General Stores | 25.85 Bn | 23.85 Bn | 1.24 Bn | 20.28% |
| 7 | Dollar Tree | 23.80 Bn | 20.42 Bn | 2.10 Bn | 20.72% |
| 8 | US Foods Holding | 22.16 Bn | 21.96 Bn | 1.92 Bn | 12.21% |
| 9 | Tractor Supply | 17.62 Bn | 16.78 Bn | 1.68 Bn | 15.37% |
| 10 | Murphy USA | 9.86 Bn | 9.49 Bn | 746.50 Mn | 23.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.71% |
| Mar 31, 2026 | 22.31% |
| Dec 31, 2025 | 19.05% |
| Sep 30, 2025 | 19.09% |
| Jun 30, 2025 | 20.29% |
| Mar 31, 2025 | 19.99% |
| Dec 31, 2024 | 21.08% |
| Sep 30, 2024 | 21.40% |
| Jun 30, 2024 | 23.16% |
| Mar 31, 2024 | 22.34% |
| Dec 31, 2023 | 23.94% |
| Sep 30, 2023 | 22.82% |
| Jun 30, 2023 | 25.31% |
| Mar 31, 2023 | 27.19% |
| Dec 31, 2022 | 29.57% |
| Sep 30, 2022 | 27.94% |
| Jun 30, 2022 | 23.88% |
| Mar 31, 2022 | 22.22% |
| Dec 31, 2021 | 17.79% |
| Sep 30, 2021 | 16.12% |
API Access
Murphy USA Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=MUSA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=MUSA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();