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Side-by-side financial comparison of Coterra (CTRA) and Marathon Petroleum (MPC), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.

Marathon Petroleum is the larger business by last-quarter revenue ($32.6B vs $1.8B, roughly 18.2× Coterra). Coterra runs the higher net margin — 20.6% vs 4.7%, a 15.8% gap on every dollar of revenue. On growth, Coterra posted the faster year-over-year revenue change (23.8% vs -1.7%). Over the past eight quarters, Coterra's revenue compounded faster (11.8% CAGR vs -0.2%).

Coterra Energy Inc. is an American energy company engaged in hydrocarbon exploration based in Houston, Texas. The company has operations in the Permian Basin, Marcellus Shale, and the Anadarko Basin.

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.

CTRA vs MPC — Head-to-Head

Bigger by revenue
MPC
MPC
18.2× larger
MPC
$32.6B
$1.8B
CTRA
Growing faster (revenue YoY)
CTRA
CTRA
+25.5% gap
CTRA
23.8%
-1.7%
MPC
Higher net margin
CTRA
CTRA
15.8% more per $
CTRA
20.6%
4.7%
MPC
Faster 2-yr revenue CAGR
CTRA
CTRA
Annualised
CTRA
11.8%
-0.2%
MPC

Income Statement — Q4 2025 vs Q4 2025

Metric
CTRA
CTRA
MPC
MPC
Revenue
$1.8B
$32.6B
Net Profit
$368.0M
$1.5B
Gross Margin
11.4%
Operating Margin
31.9%
8.3%
Net Margin
20.6%
4.7%
Revenue YoY
23.8%
-1.7%
Net Profit YoY
23.9%
313.7%
EPS (diluted)
$0.47
$4.99

Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.

Revenue
CTRA
CTRA
MPC
MPC
Q4 25
$1.8B
$32.6B
Q3 25
$1.8B
$34.8B
Q2 25
$1.7B
$33.8B
Q1 25
$2.0B
$31.5B
Q4 24
$1.4B
$33.1B
Q3 24
$1.3B
$35.1B
Q2 24
$1.3B
$37.9B
Q1 24
$1.4B
$32.7B
Net Profit
CTRA
CTRA
MPC
MPC
Q4 25
$368.0M
$1.5B
Q3 25
$322.0M
$1.4B
Q2 25
$511.0M
$1.2B
Q1 25
$516.0M
$-74.0M
Q4 24
$297.0M
$371.0M
Q3 24
$252.0M
$622.0M
Q2 24
$220.0M
$1.5B
Q1 24
$352.0M
$937.0M
Gross Margin
CTRA
CTRA
MPC
MPC
Q4 25
11.4%
Q3 25
10.4%
Q2 25
11.2%
Q1 25
6.8%
Q4 24
7.8%
Q3 24
8.4%
Q2 24
10.5%
Q1 24
9.5%
Operating Margin
CTRA
CTRA
MPC
MPC
Q4 25
31.9%
8.3%
Q3 25
26.8%
7.8%
Q2 25
40.9%
6.5%
Q1 25
34.8%
2.2%
Q4 24
22.5%
3.4%
Q3 24
25.3%
3.8%
Q2 24
23.0%
6.7%
Q1 24
30.7%
5.5%
Net Margin
CTRA
CTRA
MPC
MPC
Q4 25
20.6%
4.7%
Q3 25
18.3%
3.9%
Q2 25
29.5%
3.6%
Q1 25
25.6%
-0.2%
Q4 24
20.5%
1.1%
Q3 24
19.5%
1.8%
Q2 24
17.1%
4.0%
Q1 24
24.6%
2.9%
EPS (diluted)
CTRA
CTRA
MPC
MPC
Q4 25
$0.47
$4.99
Q3 25
$0.42
$4.51
Q2 25
$0.67
$3.96
Q1 25
$0.68
$-0.24
Q4 24
$0.40
$1.30
Q3 24
$0.34
$1.87
Q2 24
$0.29
$4.33
Q1 24
$0.47
$2.58

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.

Metric
CTRA
CTRA
MPC
MPC
Cash + ST InvestmentsLiquidity on hand
$114.0M
$3.7B
Total DebtLower is stronger
$3.8B
$30.5B
Stockholders' EquityBook value
$14.8B
$17.3B
Total Assets
$24.2B
$84.0B
Debt / EquityLower = less leverage
0.26×
1.76×

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Cash + ST Investments
CTRA
CTRA
MPC
MPC
Q4 25
$114.0M
$3.7B
Q3 25
$98.0M
$2.7B
Q2 25
$192.0M
$1.7B
Q1 25
$186.0M
$3.8B
Q4 24
$2.0B
$3.2B
Q3 24
$843.0M
$5.1B
Q2 24
$1.3B
$8.5B
Q1 24
$1.5B
$7.6B
Total Debt
CTRA
CTRA
MPC
MPC
Q4 25
$3.8B
$30.5B
Q3 25
$3.9B
$31.2B
Q2 25
$4.2B
$26.8B
Q1 25
$4.3B
$26.8B
Q4 24
$3.5B
$24.4B
Q3 24
$2.1B
$24.1B
Q2 24
$2.6B
$24.0B
Q1 24
$2.7B
$24.8B
Stockholders' Equity
CTRA
CTRA
MPC
MPC
Q4 25
$14.8B
$17.3B
Q3 25
$14.7B
$17.1B
Q2 25
$14.6B
$16.6B
Q1 25
$14.2B
$16.4B
Q4 24
$13.1B
$17.7B
Q3 24
$13.0B
$18.9B
Q2 24
$13.0B
$21.3B
Q1 24
$13.1B
$22.9B
Total Assets
CTRA
CTRA
MPC
MPC
Q4 25
$24.2B
$84.0B
Q3 25
$24.0B
$83.2B
Q2 25
$24.0B
$78.5B
Q1 25
$24.0B
$81.6B
Q4 24
$21.6B
$78.9B
Q3 24
$20.1B
$79.8B
Q2 24
$20.8B
$85.2B
Q1 24
$21.0B
$85.5B
Debt / Equity
CTRA
CTRA
MPC
MPC
Q4 25
0.26×
1.76×
Q3 25
0.27×
1.83×
Q2 25
0.29×
1.61×
Q1 25
0.30×
1.64×
Q4 24
0.27×
1.38×
Q3 24
0.16×
1.27×
Q2 24
0.20×
1.13×
Q1 24
0.20×
1.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.

Metric
CTRA
CTRA
MPC
MPC
Operating Cash FlowLast quarter
$970.0M
$3.1B
Free Cash FlowOCF − Capex
$1.9B
FCF MarginFCF / Revenue
5.8%
Capex IntensityCapex / Revenue; lower = less reinvestment burden
3.6%
Cash ConversionOCF / Net Profit; >1× = earnings back up with cash
2.64×
2.00×
TTM Free Cash FlowTrailing 4 quarters
$4.8B

8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.

Operating Cash Flow
CTRA
CTRA
MPC
MPC
Q4 25
$970.0M
$3.1B
Q3 25
$971.0M
$2.6B
Q2 25
$936.0M
$2.6B
Q1 25
$1.1B
$-64.0M
Q4 24
$626.0M
$2.2B
Q3 24
$755.0M
$1.7B
Q2 24
$558.0M
$3.2B
Q1 24
$856.0M
$1.5B
Free Cash Flow
CTRA
CTRA
MPC
MPC
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
FCF Margin
CTRA
CTRA
MPC
MPC
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%
Capex Intensity
CTRA
CTRA
MPC
MPC
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%
Cash Conversion
CTRA
CTRA
MPC
MPC
Q4 25
2.64×
2.00×
Q3 25
3.02×
1.90×
Q2 25
1.83×
2.17×
Q1 25
2.22×
Q4 24
2.11×
5.95×
Q3 24
3.00×
2.71×
Q2 24
2.54×
2.14×
Q1 24
2.43×
1.64×

Financial Flow Comparison

Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.

Revenue Breakdown by Segment

CTRA
CTRA

Oil And Condensate$941.0M53%
Natural Gas Production$615.0M34%
Natural Gas Liquids Reserves$206.0M12%
Other Revenues$28.0M2%

MPC
MPC

Refined Products$28.6B88%
Midstream$1.4B4%
Crude Oil$1.2B4%
Renewable Diesel$851.0M3%
Related Party$536.0M2%
Services & Other$466.0M1%

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