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Side-by-side financial comparison of Alibaba Group Holding Ltd (BABA) and Marathon Petroleum (MPC). Click either name above to swap in a different company.
Alibaba Group Holding Ltd is the larger business by last-quarter revenue ($38.8B vs $32.6B, roughly 1.2× Marathon Petroleum). Alibaba Group Holding Ltd runs the higher net margin — 5.8% vs 4.7%, a 1.0% gap on every dollar of revenue.
Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates a diverse...
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.
BABA vs MPC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.8B | $32.6B |
| Net Profit | $2.2B | $1.5B |
| Gross Margin | 40.2% | 11.4% |
| Operating Margin | 6.6% | 8.3% |
| Net Margin | 5.8% | 4.7% |
| Revenue YoY | — | -1.7% |
| Net Profit YoY | — | 313.7% |
| EPS (diluted) | $6.64 | $4.99 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $38.8B | $32.6B | ||
| Q3 25 | $34.2B | $34.8B | ||
| Q2 25 | $32.6B | $33.8B | ||
| Q1 25 | — | $31.5B | ||
| Q4 24 | $38.7B | $33.1B | ||
| Q3 24 | — | $35.1B | ||
| Q2 24 | — | $37.9B | ||
| Q1 24 | — | $32.7B |
| Q4 25 | $2.2B | $1.5B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | — | $-74.0M | ||
| Q4 24 | $6.8B | $371.0M | ||
| Q3 24 | — | $622.0M | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $937.0M |
| Q4 25 | 40.2% | 11.4% | ||
| Q3 25 | 39.2% | 10.4% | ||
| Q2 25 | 38.4% | 11.2% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | 42.0% | 7.8% | ||
| Q3 24 | — | 8.4% | ||
| Q2 24 | — | 10.5% | ||
| Q1 24 | — | 9.5% |
| Q4 25 | 6.6% | 8.3% | ||
| Q3 25 | 2.2% | 7.8% | ||
| Q2 25 | 12.0% | 6.5% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 14.7% | 3.4% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 6.7% | ||
| Q1 24 | — | 5.5% |
| Q4 25 | 5.8% | 4.7% | ||
| Q3 25 | 8.5% | 3.9% | ||
| Q2 25 | 5.3% | 3.6% | ||
| Q1 25 | — | -0.2% | ||
| Q4 24 | 17.5% | 1.1% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | $6.64 | $4.99 | ||
| Q3 25 | $8.72 | $4.51 | ||
| Q2 25 | $5.20 | $3.96 | ||
| Q1 25 | — | $-0.24 | ||
| Q4 24 | $20.40 | $1.30 | ||
| Q3 24 | — | $1.87 | ||
| Q2 24 | — | $4.33 | ||
| Q1 24 | — | $2.58 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.3B | $3.7B |
| Total DebtLower is stronger | — | $30.5B |
| Stockholders' EquityBook value | $148.7B | $17.3B |
| Total Assets | $268.6B | $84.0B |
| Debt / EquityLower = less leverage | — | 1.76× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3B | $3.7B | ||
| Q3 25 | $19.0B | $2.7B | ||
| Q2 25 | $20.0B | $1.7B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | $22.3B | $3.2B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $8.5B | ||
| Q1 24 | — | $7.6B |
| Q4 25 | — | $30.5B | ||
| Q3 25 | — | $31.2B | ||
| Q2 25 | — | $26.8B | ||
| Q1 25 | — | $26.8B | ||
| Q4 24 | — | $24.4B | ||
| Q3 24 | — | $24.1B | ||
| Q2 24 | — | $24.0B | ||
| Q1 24 | — | $24.8B |
| Q4 25 | $148.7B | $17.3B | ||
| Q3 25 | $145.0B | $17.1B | ||
| Q2 25 | $139.2B | $16.6B | ||
| Q1 25 | — | $16.4B | ||
| Q4 24 | $137.2B | $17.7B | ||
| Q3 24 | — | $18.9B | ||
| Q2 24 | — | $21.3B | ||
| Q1 24 | — | $22.9B |
| Q4 25 | $268.6B | $84.0B | ||
| Q3 25 | $264.6B | $83.2B | ||
| Q2 25 | $248.6B | $78.5B | ||
| Q1 25 | — | $81.6B | ||
| Q4 24 | $254.1B | $78.9B | ||
| Q3 24 | — | $79.8B | ||
| Q2 24 | — | $85.2B | ||
| Q1 24 | — | $85.5B |
| Q4 25 | — | 1.76× | ||
| Q3 25 | — | 1.83× | ||
| Q2 25 | — | 1.61× | ||
| Q1 25 | — | 1.64× | ||
| Q4 24 | — | 1.38× | ||
| Q3 24 | — | 1.27× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 1.08× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.2B | $3.1B |
| Free Cash FlowOCF − Capex | — | $1.9B |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | — | 3.6% |
| Cash ConversionOCF / Net Profit | 2.31× | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.2B | $3.1B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $3.8B | $2.6B | ||
| Q1 25 | — | $-64.0M | ||
| Q4 24 | $9.7B | $2.2B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $1.5B |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $-727.0M | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | — | $947.0M |
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | -2.3% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | 2.9% |
| Q4 25 | — | 3.6% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 2.31× | 2.00× | ||
| Q3 25 | 0.49× | 1.90× | ||
| Q2 25 | 2.19× | 2.17× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.43× | 5.95× | ||
| Q3 24 | — | 2.71× | ||
| Q2 24 | — | 2.14× | ||
| Q1 24 | — | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BABA
| Alibaba China E-commerce Group | $22.8B | 59% |
| All others | $9.6B | 25% |
| Cloud Intelligence Group | $6.2B | 16% |
MPC
| Refined Products | $28.6B | 88% |
| Midstream | $1.4B | 4% |
| Crude Oil | $1.2B | 4% |
| Renewable Diesel | $851.0M | 3% |
| Related Party | $536.0M | 2% |
| Services & Other | $466.0M | 1% |
