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Side-by-side financial comparison of Dole plc (DOLE) 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 $2.3B, roughly 1.1× Dole plc). MPLX LP runs the higher net margin — 49.1% vs 0.2%, a 48.9% gap on every dollar of revenue. On growth, Dole plc posted the faster year-over-year revenue change (10.5% vs 1.4%). MPLX LP produced more free cash flow last quarter ($782.0M vs $66.5M). Over the past eight quarters, MPLX LP's revenue compounded faster (6.2% CAGR vs 3.2%).

Dole plc is an Irish-American agricultural multinational corporation headquartered in Dublin, Ireland. The company is among the world's largest producers of fruit and vegetables, operating with 38,500 full-time and seasonal employees who supply some 300 products in 75 countries. Dole reported 2021 revenues of $6.5 billion.

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.

DOLE vs MPLX — Head-to-Head

Bigger by revenue
MPLX
MPLX
1.1× larger
MPLX
$2.5B
$2.3B
DOLE
Growing faster (revenue YoY)
DOLE
DOLE
+9.1% gap
DOLE
10.5%
1.4%
MPLX
Higher net margin
MPLX
MPLX
48.9% more per $
MPLX
49.1%
0.2%
DOLE
More free cash flow
MPLX
MPLX
$715.5M more FCF
MPLX
$782.0M
$66.5M
DOLE
Faster 2-yr revenue CAGR
MPLX
MPLX
Annualised
MPLX
6.2%
3.2%
DOLE

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DOLE
DOLE
MPLX
MPLX
Revenue
$2.3B
$2.5B
Net Profit
$5.1M
$1.2B
Gross Margin
6.8%
Operating Margin
1.1%
60.5%
Net Margin
0.2%
49.1%
Revenue YoY
10.5%
1.4%
Net Profit YoY
-64.6%
8.5%
EPS (diluted)
$0.05

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
DOLE
DOLE
MPLX
MPLX
Q4 25
$2.5B
Q3 25
$2.3B
$2.5B
Q2 25
$2.4B
$2.4B
Q1 25
$2.1B
$2.5B
Q4 24
$2.4B
Q3 24
$2.1B
$2.3B
Q2 24
$2.1B
$2.3B
Q1 24
$2.1B
$2.2B
Net Profit
DOLE
DOLE
MPLX
MPLX
Q4 25
$1.2B
Q3 25
$5.1M
$1.6B
Q2 25
$10.0M
$1.1B
Q1 25
$38.9M
$1.1B
Q4 24
$1.1B
Q3 24
$14.4M
$1.0B
Q2 24
$80.1M
$1.2B
Q1 24
$70.1M
$1.0B
Gross Margin
DOLE
DOLE
MPLX
MPLX
Q4 25
Q3 25
6.8%
Q2 25
9.0%
Q1 25
8.7%
Q4 24
Q3 24
8.0%
Q2 24
9.4%
Q1 24
9.2%
Operating Margin
DOLE
DOLE
MPLX
MPLX
Q4 25
60.5%
Q3 25
1.1%
73.2%
Q2 25
4.3%
54.9%
Q1 25
3.2%
55.5%
Q4 24
55.6%
Q3 24
2.3%
54.4%
Q2 24
4.0%
62.9%
Q1 24
5.3%
57.6%
Net Margin
DOLE
DOLE
MPLX
MPLX
Q4 25
49.1%
Q3 25
0.2%
63.2%
Q2 25
0.4%
44.9%
Q1 25
1.9%
46.2%
Q4 24
45.9%
Q3 24
0.7%
44.6%
Q2 24
3.8%
52.6%
Q1 24
3.3%
46.7%
EPS (diluted)
DOLE
DOLE
MPLX
MPLX
Q4 25
Q3 25
$0.05
Q2 25
$0.10
Q1 25
$0.41
Q4 24
Q3 24
$0.15
Q2 24
$0.84
Q1 24
$0.74

Balance Sheet & Financial Strength

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

Metric
DOLE
DOLE
MPLX
MPLX
Cash + ST InvestmentsLiquidity on hand
$321.0M
$2.1B
Total DebtLower is stronger
$24.2B
Stockholders' EquityBook value
$1.4B
Total Assets
$4.5B
$43.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOLE
DOLE
MPLX
MPLX
Q4 25
$2.1B
Q3 25
$321.0M
$1.8B
Q2 25
$323.1M
$1.4B
Q1 25
$261.0M
$2.5B
Q4 24
$1.5B
Q3 24
$266.4M
$2.4B
Q2 24
$225.8M
$2.5B
Q1 24
$245.5M
$385.0M
Total Debt
DOLE
DOLE
MPLX
MPLX
Q4 25
$24.2B
Q3 25
$24.1B
Q2 25
$19.7B
Q1 25
$19.7B
Q4 24
$19.3B
Q3 24
$19.3B
Q2 24
$19.2B
Q1 24
$18.8B
Stockholders' Equity
DOLE
DOLE
MPLX
MPLX
Q4 25
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.3B
Q4 24
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.3B
Total Assets
DOLE
DOLE
MPLX
MPLX
Q4 25
$43.0B
Q3 25
$4.5B
$43.2B
Q2 25
$4.7B
$37.8B
Q1 25
$4.5B
$39.0B
Q4 24
$37.5B
Q3 24
$4.5B
$38.5B
Q2 24
$4.4B
$38.4B
Q1 24
$4.5B
$36.5B

Cash Flow & Capital Efficiency

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

Metric
DOLE
DOLE
MPLX
MPLX
Operating Cash FlowLast quarter
$87.4M
$1.5B
Free Cash FlowOCF − Capex
$66.5M
$782.0M
FCF MarginFCF / Revenue
2.9%
31.9%
Capex IntensityCapex / Revenue
0.9%
29.1%
Cash ConversionOCF / Net Profit
17.12×
1.24×
TTM Free Cash FlowTrailing 4 quarters
$13.7M
$4.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOLE
DOLE
MPLX
MPLX
Q4 25
$1.5B
Q3 25
$87.4M
$1.4B
Q2 25
$18.3M
$1.7B
Q1 25
$-78.8M
$1.2B
Q4 24
$1.7B
Q3 24
$101.0M
$1.4B
Q2 24
$40.2M
$1.6B
Q1 24
$-35.0M
$1.3B
Free Cash Flow
DOLE
DOLE
MPLX
MPLX
Q4 25
$782.0M
Q3 25
$66.5M
$905.0M
Q2 25
$-1.0M
$1.4B
Q1 25
$-131.6M
$979.0M
Q4 24
$1.4B
Q3 24
$79.9M
$1.1B
Q2 24
$22.8M
$1.4B
Q1 24
$-53.2M
$1.0B
FCF Margin
DOLE
DOLE
MPLX
MPLX
Q4 25
31.9%
Q3 25
2.9%
36.8%
Q2 25
-0.0%
60.9%
Q1 25
-6.3%
39.8%
Q4 24
56.6%
Q3 24
3.9%
48.4%
Q2 24
1.1%
60.0%
Q1 24
-2.5%
47.7%
Capex Intensity
DOLE
DOLE
MPLX
MPLX
Q4 25
29.1%
Q3 25
0.9%
21.4%
Q2 25
0.8%
12.8%
Q1 25
2.5%
10.9%
Q4 24
12.7%
Q3 24
1.0%
11.9%
Q2 24
0.8%
9.4%
Q1 24
0.9%
11.7%
Cash Conversion
DOLE
DOLE
MPLX
MPLX
Q4 25
1.24×
Q3 25
17.12×
0.92×
Q2 25
1.84×
1.64×
Q1 25
-2.02×
1.10×
Q4 24
1.51×
Q3 24
7.01×
1.35×
Q2 24
0.50×
1.32×
Q1 24
-0.50×
1.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOLE
DOLE

Segment breakdown not available.

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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