Is Marathon Petroleum (MPC) overvalued or fairly valued?

MarketChacha shows Marathon Petroleum's valuation in context — a trailing P/E of about 17.0, a forward P/E of about 8.4, a price-to-book of about 7.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Marathon Petroleum's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.81×) from reported figures — education, not a rating.

What is Marathon Petroleum's revenue?

Marathon Petroleum reported revenue of $132.7B for FY2025, with net profit of $4.0B, per official filings.

What is the share price of Marathon Petroleum (MPC)?

Marathon Petroleum last traded at $475.14 (+0.3% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Marathon Petroleum

MPC · NYSE · Energy · United States

Snapshot

TickerMPC

ExchangeNYSE

SectorEnergy

IndustryOil & Gas Refining & Marketing

CountryUnited States

Employees18,500

HeadquartersFindlay, United States

Websitewww.marathonpetroleum.com

Filings tracked15

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States. The company operates through three segments: Refining & Marketing; Midstream; and Renewable Diesel. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane and petrochemicals. The company sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment gathers, transports, stores, distributes, and markets crude oil and refined products, including renewable diesel and other hydrocarbon-based products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and transports, fractionates, stores, and markets natural gas liquids. The Renewable Diesel segment processes renewable feedstocks into renewable diesel, markets, and distributes renewable diesel through its Midstream segment and third parties. It sells renewable diesel to wholesale marketing customers, buyers on the spot market, and through long-term supply contracts to direct dealers under the ARCO brand. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.

Who owns it

Insiders0.3%
Institutions79.6%
Public & other20.1%

2,527 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.91%
Vanguard Capital Management LLC6.53%
State Street Corporation6.33%
Vanguard Portfolio Management LLC5.35%
Geode Capital Management, LLC2.86%
Morgan Stanley2.02%
Raymond James Financial, Inc.1.95%
FMR, LLC1.86%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 3.5 points over the period — profitability is trending down.

Cash conversion1.81×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend6.5% → 3.0%

Margin has compressed by about 3.5 points over the period — profitability is trending down.

Return on equity23.4%

Latest ROE of 23.4% — capital is generating a healthy return.

Growth qualityrev -5% · PAT -35%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $41.9B · EPS 20.49

Est. earnings growth +403.4%

Next fiscal year

Rev $152.3B · EPS 56.70

Est. earnings growth -12.1%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$132.7B

Net margin

3.0%

ROE

23.4%

Revenue CAGR (2y)

-5.4%

Profit CAGR (2y)

-35.3%

EPS (FY2025)

13.22

Net profit (FY2025)

$4.0B

Ask MarketChacha about MPC

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$132.7B	$4.0B	13.22	3.0%	23.4%
FY2024	$138.9B	$3.4B	10.08	2.5%	19.4%
FY2023	$148.4B	$9.7B	23.63	6.5%	39.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$52.0B	$5.1B	17.73	9.9%
2026Q1	$34.2B	$511.0M	1.73	1.5%
2025Q3	$34.8B	$1.4B	4.51	3.9%
2025Q2	$33.8B	$1.2B	3.96	3.6%
2025Q1	$31.5B	$-74.0M	-0.24	-0.2%
2024Q3	$35.1B	$622.0M	1.87	1.8%
2024Q2	$37.9B	$1.5B	4.33	4.0%
2024Q1	$32.7B	$937.0M	2.58	2.9%
2023Q3	$40.9B	$3.3B	8.28	8.0%
2023Q2	$36.3B	$2.2B	5.32	6.1%
2023Q1	$34.9B	$2.7B	6.09	7.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/4/2026
8-K — Results of operations, Exhibits
SEC8/4/2026material
8-K — Other events
SEC6/29/2026material
8-K — Results of operations, Exhibits
SEC5/5/2026material
10-Q filing
SEC5/5/2026
8-K — Shareholder vote results
SEC5/1/2026material
8-K — Material agreement, Termination of agreement, Results of operations, Material financial obligation, Exhibits
SEC4/13/2026material
10-K filing
SEC2/26/2026
8-K — Results of operations, Exhibits
SEC2/3/2026material

2025

8-K — Executive/director change, Other events, Exhibits
SEC12/18/2025material
8-K — Results of operations, Exhibits
SEC11/4/2025material
10-Q filing
SEC11/4/2025
8-K — Executive/director change, Other events, Exhibits
SEC11/4/2025material
8-K — Results of operations, Exhibits
SEC8/5/2025material
10-Q filing
SEC8/5/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.