Marathon Petroleum Corporation financials

Key figures from Marathon Petroleum Corporation's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricJun 2026Jun 2025Change
Revenue$52.0B$33.8B+53.8%
Net income$5.1B$1.2B+322.5%
Free cash flow$9.1B$1.9B+370.2%
Gross margin17.2%11.2%+6.0 pts
Operating margin14.1%6.5%+7.6 pts
Net margin9.9%3.6%+6.3 pts

Quarterly trend

Revenue by quarter
$40.9BSep 2023$36.3BDec 2023*$32.7BMar 2024$37.9BJun 2024$35.1BSep 2024$33.1BDec 2024*$31.5BMar 2025$33.8BJun 2025$34.8BSep 2025$32.6BDec 2025*$34.2BMar 2026$52.0BJun 2026
Net income by quarter
$3.3BSep 2023$1.5BDec 2023*$937MMar 2024$1.5BJun 2024$622MSep 2024$371MDec 2024*-$74MMar 2025$1.2BJun 2025$1.4BSep 2025$1.5BDec 2025*$511MMar 2026$5.1BJun 2026
Free cash flow by quarter
$4.5BSep 2023$591MDec 2023*$947MMar 2024$2.8BJun 2024$1.0BSep 2024$1.4BDec 2024*-$727MMar 2025$1.9BJun 2025$1.7BSep 2025$1.9BDec 2025*$208MMar 2026$9.1BJun 2026
Margins by quarter
-3%8%20%Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 2026Jun 202614.6%10.1%9.5%10.5%8.4%7.8%6.8%11.2%10.4%11.4%8.6%17.2%11.6%6.6%5.5%6.7%3.8%3.4%2.2%6.5%7.8%8.3%4.1%14.1%8.0%4.0%2.9%4.0%1.8%1.1%-0.2%3.6%3.9%4.7%1.5%9.9%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$132.7B$4.0B3.0%$4.8B$13.22
FY Dec 2024$138.9B$3.4B2.5%$6.1B$10.08
FY Dec 2023$148.4B$9.7B6.5%$12.2B$23.63
FY Dec 2022$177.5B$14.5B8.2%$13.9B$28.12
FY Dec 2021$120.0B$9.7B8.1%$2.9B$15.24

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.