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Gross Profit Margin for Marathon Petroleum Corp

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MPC: Marathon Petroleum Corp

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through three segments: Refinin...

150.17 USD
Price
USD
Fair Value
Upside
130.54 - 221.11
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Marathon Petroleum Corp's Gross Profit Margin:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 20246.0%10.0%14.0%18.0%

Performance Summary
  • Marathon Petroleum's latest twelve months gross profit margin is 9.4%
  • Marathon Petroleum's gross profit margin for fiscal years ending December 2020 to 2024 averaged 10.6%.
  • Marathon Petroleum's operated at median gross profit margin of 9.4% from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, Marathon Petroleum's gross profit margin peaked in December 2022 at 14.9%.
  • Marathon Petroleum's gross profit margin hit its 5-year low in December 2020 of 6.0%.
  • Marathon Petroleum's gross profit margin decreased in 2020 (6.0%, -45.0%), 2023 (13.9%, -6.6%), and 2024 (9.4%, -32.5%) and increased in 2021 (8.7%, +45.6%) and 2022 (14.9%, +71.9%).

How does Marathon Petroleum's Gross Profit Margin benchmark against competitors?

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We've identified the following companies as similar to Marathon Petroleum Corp because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Gross Profit Margin

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gp_margin
Slug
number
Datatype
%.%
Format
LTM
Default Period
FY, Q, LTM, YTD
Periods Supported
Free
Plan

Data is returned as a standard number. Suggested format is percent (e.g 0.171 => 17.1%).

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Gross Profit Margin in the efficiency category include:

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Gross Profit Margin

Gross profit expressed as a percent of revenue.

Definition of Gross Profit Margin

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The gross profit margin measures a company’s gross profit as a percentage of the revenue. The formula to calculate gross profit margin and an example calculation for Marathon Petroleum’s trailing twelve months is outlined below:

Gross Profit Margin  = Gross Profit / Total Revenue
9.4% = 13.096 B  /  139.3 B

The tables below summarizes Marathon Petroleum’s performance over the last five years:

Fiscal YearGross ProfitRevenueMargin
2020-12-314.163 B69.896 B6.0%
2021-12-3110.443 B120.5 B8.7%
2022-12-3126.565 B178.2 B14.9%
2023-12-3120.782 B149.3 B13.9%
2024-12-3113.096 B139.3 B9.4%

The tables below summarizes Marathon Petroleum’s performance over the last four quarters:

Quarter EndingGross ProfitRevenueMargin
2024-03-313.394 B32.987 B10.3%
2024-06-304.045 B37.99 B10.6%
2024-09-303.012 B35.156 B8.6%
2024-12-312.645 B33.203 B8.0%

You can read more about Gross Profit here.


Click the link below to download a spreadsheet with an example Gross Profit Margin calculation for Marathon Petroleum Corp below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-124.7%-64.7%-4.7%106.9%0204060

The chart above depicts the distribution of gross profit margin for companies operating in the Energy sector in the Developed economic region. Over 740 companies were considered in this analysis, and 724 had meaningful values. The average gross profit margin of companies in the sector is 43.4% with a standard deviation of 34.9%.

Marathon Petroleum Corp's Gross Profit Margin of 9.4% ranks in the 14.7% percentile for the sector. The following table provides additional summary stats:

Gross Profit Margin In The Energy Sector
Economic Risk RegionDeveloped
Total Constituents743
Included Constituents724
Min-124.3%
Max100.0%
Median41.5%
Mean43.4%
Standard Deviation34.9%

You can find companies with similar gross profit margin using this stock screener.

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