Marathon Petroleum revenue and financials
$432.36Change from previous close: −0.26%Absolute change: −$1.11
In the fiscal year ended December 2025, Marathon Petroleum reported revenue of $132.7B (−4.44% year over year). Net income was $4.05B, a net margin of 3.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −4.44%
- 2025 vs 2024
- Net income growth
- +17.47%
- 2025 vs 2024
- Net margin
- 3.0%
- 2024: 2.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 10,327 | 1,121 | 3,069 | 2,609 | 2,639 | -64.0 | 2,207 | 1,684 | 3,242 | 1,532 | 1,123 | 4,953 |
| Depreciation and amortization | 838 | 809 | 828 | 841 | 789 | 793 | 826 | 846 | 838 | 827 | 828 | 845 |
| Capital expenditure | -1,186 | -913 | -1,181 | -947 | -695 | -663 | -810 | -651 | -487 | -585 | -532 | -420 |
| Investing cash flow | -1,394 | -1,047 | -214 | -3,756 | -974 | -923 | 307 | 2,034 | 17.0 | -824 | -964 | -435 |
| Financing cash flow | -3,316 | -1,596 | -1,836 | 2,127 | -3,804 | 1,589 | -3,307 | -4,157 | -1,993 | -2,977 | -3,169 | -3,411 |
| Dividends paid | -290 | -295 | -300 | -276 | -279 | -285 | -292 | -273 | -290 | -299 | -311 | -297 |
| Share repurchases | -2,533 | -750 | -1,001 | -650 | -780 | -1,057 | -1,374 | -2,701 | -2,896 | -2,218 | -2,505 | -2,819 |
| Debt issued | 0.0 | 5,353 | 0.0 | 5,234 | 6,615 | 4,372 | — | 1.0 | 1,630 | — | — | — |
| Debt repaid | -26.0 | -5,402 | -25.0 | -1,673 | -8,890 | -930 | -1,173 | -773 | -21.0 | -17.0 | -17.0 | -19.0 |
| Net change in cash | 5,617 | -1,522 | 1,019 | 980 | -2,139 | 602 | -793 | -439 | 1,266 | -2,269 | -3,010 | 1,107 |
| Free cash flow | 9,141 | 208 | 1,888 | 1,662 | 1,944 | -727 | 1,397 | 1,033 | 2,755 | 947 | 591 | 4,533 |
| Levered free cash flow | 6,869 | -36.9 | 1,880 | 537 | 1,139 | -986 | 1,038 | 516 | 2,096 | 331 | 231 | 4,037 |