Marathon PetroleumMPCEarnings & Financial Report
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
MPC Q3 2025 Key Financial Metrics
Revenue
$34.8B
Gross Profit
$3.6B
Operating Profit
$2.7B
Net Profit
$1.4B
Gross Margin
10.4%
Operating Margin
7.8%
Net Margin
3.9%
YoY Growth
-0.8%
EPS
$4.51
Financial Flow
Marathon Petroleum Q3 2025 Financial Summary
Marathon Petroleum reported revenue of $34.8B for Q3 2025, with a net profit of $1.4B (3.9% margin). Cost of goods sold was $31.2B, operating expenses totaled $896.0M.
Key Financial Metrics
| Total Revenue | $34.8B |
|---|---|
| Net Profit | $1.4B |
| Gross Margin | 10.4% |
| Operating Margin | 7.8% |
| Report Period | Q3 2025 |
Marathon Petroleum Annual Revenue by Year
Marathon Petroleum annual revenue history includes year-by-year totals (for example, 2024 revenue was $138.9B).
| Year | Annual Revenue |
|---|---|
| 2024 | $138.9B |
| 2023 | $148.4B |
| 2022 | $177.5B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $36.26B | $32.71B | $37.91B | $35.11B | $33.14B | $31.52B | $33.80B | $34.81B |
| YoY Growth | -8.9% | -6.2% | 4.3% | -14.2% | -8.6% | -3.6% | -10.9% | -0.8% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $85.99B | $85.53B | $85.23B | $79.83B | $78.86B | $81.63B | $78.48B | $83.24B |
| Liabilities | $54.59B | $55.76B | $57.14B | $54.12B | $54.35B | $58.57B | $55.22B | $59.35B |
| Equity | $24.40B | $22.92B | $21.32B | $18.93B | $17.75B | $16.40B | $16.62B | $17.10B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.12B | $1.53B | $3.24B | $1.68B | $2.21B | $-64.0M | $2.64B | $2.61B |
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