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Side-by-side financial comparison of Chemours Co (CC) and MPLX LP (MPLX). Click either name above to swap in a different company.

MPLX LP is the larger business by last-quarter revenue ($2.5B vs $1.3B, roughly 1.8× Chemours Co). MPLX LP runs the higher net margin — 49.1% vs -3.5%, a 52.6% gap on every dollar of revenue. On growth, MPLX LP posted the faster year-over-year revenue change (1.4% vs -2.1%). MPLX LP produced more free cash flow last quarter ($782.0M vs $92.0M). Over the past eight quarters, MPLX LP's revenue compounded faster (6.2% CAGR vs -1.2%).

The Chemours Company is an American chemical company that was founded in July 2015 as a spin-off from DuPont. It has its corporate headquarters in Wilmington, Delaware, United States. Chemours is the manufacturer of Teflon, the brand name of polytetrafluoroethylene (PTFE), known for its anti-stick properties. It also produces titanium dioxide and refrigerant gases.

MarkWest Energy Partners, L.P., a subsidiary of MPLX LP, is a natural gas gathering, processing and transportation company master limited partnership of the United States. In 1988, the company was founded in Denver, Colorado and grew to be Colorado's 13th largest company. In 2015 it was acquired by MPLX, itself a subsidiary of Marathon Petroleum.

CC vs MPLX — Head-to-Head

Bigger by revenue
MPLX
MPLX
1.8× larger
MPLX
$2.5B
$1.3B
CC
Growing faster (revenue YoY)
MPLX
MPLX
+3.5% gap
MPLX
1.4%
-2.1%
CC
Higher net margin
MPLX
MPLX
52.6% more per $
MPLX
49.1%
-3.5%
CC
More free cash flow
MPLX
MPLX
$690.0M more FCF
MPLX
$782.0M
$92.0M
CC
Faster 2-yr revenue CAGR
MPLX
MPLX
Annualised
MPLX
6.2%
-1.2%
CC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CC
CC
MPLX
MPLX
Revenue
$1.3B
$2.5B
Net Profit
$-47.0M
$1.2B
Gross Margin
11.7%
Operating Margin
60.5%
Net Margin
-3.5%
49.1%
Revenue YoY
-2.1%
1.4%
Net Profit YoY
-261.5%
8.5%
EPS (diluted)
$-0.32

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.

Revenue
CC
CC
MPLX
MPLX
Q4 25
$1.3B
$2.5B
Q3 25
$1.5B
$2.5B
Q2 25
$1.6B
$2.4B
Q1 25
$1.4B
$2.5B
Q4 24
$1.4B
$2.4B
Q3 24
$1.5B
$2.3B
Q2 24
$1.6B
$2.3B
Q1 24
$1.4B
$2.2B
Net Profit
CC
CC
MPLX
MPLX
Q4 25
$-47.0M
$1.2B
Q3 25
$46.0M
$1.6B
Q2 25
$-380.0M
$1.1B
Q1 25
$-5.0M
$1.1B
Q4 24
$-13.0M
$1.1B
Q3 24
$-32.0M
$1.0B
Q2 24
$60.0M
$1.2B
Q1 24
$54.0M
$1.0B
Gross Margin
CC
CC
MPLX
MPLX
Q4 25
11.7%
Q3 25
15.6%
Q2 25
17.2%
Q1 25
17.3%
Q4 24
19.4%
Q3 24
19.0%
Q2 24
19.8%
Q1 24
20.9%
Operating Margin
CC
CC
MPLX
MPLX
Q4 25
60.5%
Q3 25
2.5%
73.2%
Q2 25
-15.4%
54.9%
Q1 25
55.5%
Q4 24
-0.1%
55.6%
Q3 24
-2.1%
54.4%
Q2 24
4.4%
62.9%
Q1 24
5.1%
57.6%
Net Margin
CC
CC
MPLX
MPLX
Q4 25
-3.5%
49.1%
Q3 25
3.1%
63.2%
Q2 25
-23.5%
44.9%
Q1 25
-0.4%
46.2%
Q4 24
-1.0%
45.9%
Q3 24
-2.1%
44.6%
Q2 24
3.9%
52.6%
Q1 24
4.0%
46.7%
EPS (diluted)
CC
CC
MPLX
MPLX
Q4 25
$-0.32
Q3 25
$0.31
Q2 25
$-2.53
Q1 25
$-0.03
Q4 24
$-0.07
Q3 24
$-0.22
Q2 24
$0.39
Q1 24
$0.36

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CC
CC
MPLX
MPLX
Cash + ST InvestmentsLiquidity on hand
$670.0M
$2.1B
Total DebtLower is stronger
$4.1B
$24.2B
Stockholders' EquityBook value
$250.0M
Total Assets
$7.4B
$43.0B
Debt / EquityLower = less leverage
16.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CC
CC
MPLX
MPLX
Q4 25
$670.0M
$2.1B
Q3 25
$613.0M
$1.8B
Q2 25
$502.0M
$1.4B
Q1 25
$464.0M
$2.5B
Q4 24
$713.0M
$1.5B
Q3 24
$596.0M
$2.4B
Q2 24
$604.0M
$2.5B
Q1 24
$746.0M
$385.0M
Total Debt
CC
CC
MPLX
MPLX
Q4 25
$4.1B
$24.2B
Q3 25
$4.1B
$24.1B
Q2 25
$4.1B
$19.7B
Q1 25
$4.1B
$19.7B
Q4 24
$4.1B
$19.3B
Q3 24
$4.0B
$19.3B
Q2 24
$4.0B
$19.2B
Q1 24
$4.0B
$18.8B
Stockholders' Equity
CC
CC
MPLX
MPLX
Q4 25
$250.0M
Q3 25
$274.0M
Q2 25
$228.0M
Q1 25
$566.0M
Q4 24
$571.0M
Q3 24
$643.0M
Q2 24
$714.0M
Q1 24
$753.0M
Total Assets
CC
CC
MPLX
MPLX
Q4 25
$7.4B
$43.0B
Q3 25
$7.5B
$43.2B
Q2 25
$7.5B
$37.8B
Q1 25
$7.4B
$39.0B
Q4 24
$7.5B
$37.5B
Q3 24
$7.5B
$38.5B
Q2 24
$7.2B
$38.4B
Q1 24
$8.0B
$36.5B
Debt / Equity
CC
CC
MPLX
MPLX
Q4 25
16.40×
Q3 25
14.96×
Q2 25
17.99×
Q1 25
7.18×
Q4 24
7.11×
Q3 24
6.20×
Q2 24
5.53×
Q1 24
5.27×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CC
CC
MPLX
MPLX
Operating Cash FlowLast quarter
$137.0M
$1.5B
Free Cash FlowOCF − Capex
$92.0M
$782.0M
FCF MarginFCF / Revenue
6.9%
31.9%
Capex IntensityCapex / Revenue
3.4%
29.1%
Cash ConversionOCF / Net Profit
1.24×
TTM Free Cash FlowTrailing 4 quarters
$51.0M
$4.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CC
CC
MPLX
MPLX
Q4 25
$137.0M
$1.5B
Q3 25
$146.0M
$1.4B
Q2 25
$93.0M
$1.7B
Q1 25
$-112.0M
$1.2B
Q4 24
$138.0M
$1.7B
Q3 24
$139.0M
$1.4B
Q2 24
$-620.0M
$1.6B
Q1 24
$-290.0M
$1.3B
Free Cash Flow
CC
CC
MPLX
MPLX
Q4 25
$92.0M
$782.0M
Q3 25
$105.0M
$905.0M
Q2 25
$50.0M
$1.4B
Q1 25
$-196.0M
$979.0M
Q4 24
$29.0M
$1.4B
Q3 24
$63.0M
$1.1B
Q2 24
$-693.0M
$1.4B
Q1 24
$-392.0M
$1.0B
FCF Margin
CC
CC
MPLX
MPLX
Q4 25
6.9%
31.9%
Q3 25
7.0%
36.8%
Q2 25
3.1%
60.9%
Q1 25
-14.3%
39.8%
Q4 24
2.1%
56.6%
Q3 24
4.2%
48.4%
Q2 24
-44.6%
60.0%
Q1 24
-28.8%
47.7%
Capex Intensity
CC
CC
MPLX
MPLX
Q4 25
3.4%
29.1%
Q3 25
2.7%
21.4%
Q2 25
2.7%
12.8%
Q1 25
6.1%
10.9%
Q4 24
8.0%
12.7%
Q3 24
5.0%
11.9%
Q2 24
4.7%
9.4%
Q1 24
7.5%
11.7%
Cash Conversion
CC
CC
MPLX
MPLX
Q4 25
1.24×
Q3 25
3.17×
0.92×
Q2 25
1.64×
Q1 25
1.10×
Q4 24
1.51×
Q3 24
1.35×
Q2 24
-10.33×
1.32×
Q1 24
-5.37×
1.27×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CC
CC

Titanium Technologies$563.0M42%
Thermal And Specialized Solutions$443.0M33%
Advanced Performance Materials$312.0M23%
Other Non-Reportable Segment$12.0M1%

MPLX
MPLX

Services$746.0M30%
Other$675.0M28%
Products$492.0M20%
Nonrelated Party$186.0M8%
Related Party$151.0M6%
Crude Oil And Products Logistics$104.0M4%
Service Other$56.0M2%
Natural Gas And NGL Services$41.0M2%

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