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Side-by-side financial comparison of GENWORTH FINANCIAL INC (GNW) 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 $1.8B, roughly 1.4× GENWORTH FINANCIAL INC). MPLX LP runs the higher net margin — 49.1% vs 0.1%, a 49.0% gap on every dollar of revenue. On growth, MPLX LP posted the faster year-over-year revenue change (1.4% vs 0.1%). Over the past eight quarters, MPLX LP's revenue compounded faster (6.2% CAGR vs -2.2%).

Genworth Financial, headquartered in Richmond, Virginia, is an American financial services company. It provides life insurance, long-term care insurance, mortgage insurance, and annuities.

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.

GNW vs MPLX — Head-to-Head

Bigger by revenue
MPLX
MPLX
1.4× larger
MPLX
$2.5B
$1.8B
GNW
Growing faster (revenue YoY)
MPLX
MPLX
+1.3% gap
MPLX
1.4%
0.1%
GNW
Higher net margin
MPLX
MPLX
49.0% more per $
MPLX
49.1%
0.1%
GNW
Faster 2-yr revenue CAGR
MPLX
MPLX
Annualised
MPLX
6.2%
-2.2%
GNW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GNW
GNW
MPLX
MPLX
Revenue
$1.8B
$2.5B
Net Profit
$2.0M
$1.2B
Gross Margin
Operating Margin
1.0%
60.5%
Net Margin
0.1%
49.1%
Revenue YoY
0.1%
1.4%
Net Profit YoY
300.0%
8.5%
EPS (diluted)
$0.01

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
GNW
GNW
MPLX
MPLX
Q4 25
$1.8B
$2.5B
Q3 25
$1.9B
$2.5B
Q2 25
$1.8B
$2.4B
Q1 25
$1.8B
$2.5B
Q4 24
$1.8B
$2.4B
Q3 24
$1.9B
$2.3B
Q2 24
$1.8B
$2.3B
Q1 24
$1.9B
$2.2B
Net Profit
GNW
GNW
MPLX
MPLX
Q4 25
$2.0M
$1.2B
Q3 25
$116.0M
$1.6B
Q2 25
$51.0M
$1.1B
Q1 25
$54.0M
$1.1B
Q4 24
$-1.0M
$1.1B
Q3 24
$85.0M
$1.0B
Q2 24
$76.0M
$1.2B
Q1 24
$139.0M
$1.0B
Operating Margin
GNW
GNW
MPLX
MPLX
Q4 25
1.0%
60.5%
Q3 25
8.5%
73.2%
Q2 25
3.8%
54.9%
Q1 25
2.9%
55.5%
Q4 24
3.1%
55.6%
Q3 24
2.6%
54.4%
Q2 24
7.1%
62.9%
Q1 24
4.6%
57.6%
Net Margin
GNW
GNW
MPLX
MPLX
Q4 25
0.1%
49.1%
Q3 25
6.0%
63.2%
Q2 25
2.8%
44.9%
Q1 25
3.0%
46.2%
Q4 24
-0.1%
45.9%
Q3 24
4.5%
44.6%
Q2 24
4.3%
52.6%
Q1 24
7.5%
46.7%
EPS (diluted)
GNW
GNW
MPLX
MPLX
Q4 25
$0.01
Q3 25
$0.28
Q2 25
$0.12
Q1 25
$0.13
Q4 24
$0.01
Q3 24
$0.19
Q2 24
$0.17
Q1 24
$0.31

Balance Sheet & Financial Strength

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

Metric
GNW
GNW
MPLX
MPLX
Cash + ST InvestmentsLiquidity on hand
$2.1B
Total DebtLower is stronger
$1.5B
$24.2B
Stockholders' EquityBook value
$8.8B
Total Assets
$88.1B
$43.0B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GNW
GNW
MPLX
MPLX
Q4 25
$2.1B
Q3 25
$1.8B
Q2 25
$1.4B
Q1 25
$2.5B
Q4 24
$1.5B
Q3 24
$2.4B
Q2 24
$2.5B
Q1 24
$385.0M
Total Debt
GNW
GNW
MPLX
MPLX
Q4 25
$1.5B
$24.2B
Q3 25
$1.5B
$24.1B
Q2 25
$1.5B
$19.7B
Q1 25
$1.5B
$19.7B
Q4 24
$1.5B
$19.3B
Q3 24
$1.5B
$19.3B
Q2 24
$1.6B
$19.2B
Q1 24
$1.6B
$18.8B
Stockholders' Equity
GNW
GNW
MPLX
MPLX
Q4 25
$8.8B
Q3 25
$8.8B
Q2 25
$8.8B
Q1 25
$8.7B
Q4 24
$8.5B
Q3 24
$8.3B
Q2 24
$8.5B
Q1 24
$8.0B
Total Assets
GNW
GNW
MPLX
MPLX
Q4 25
$88.1B
$43.0B
Q3 25
$88.5B
$43.2B
Q2 25
$87.3B
$37.8B
Q1 25
$87.3B
$39.0B
Q4 24
$86.9B
$37.5B
Q3 24
$90.8B
$38.5B
Q2 24
$87.5B
$38.4B
Q1 24
$89.2B
$36.5B
Debt / Equity
GNW
GNW
MPLX
MPLX
Q4 25
0.17×
Q3 25
0.17×
Q2 25
0.17×
Q1 25
0.17×
Q4 24
0.18×
Q3 24
0.19×
Q2 24
0.18×
Q1 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
GNW
GNW
MPLX
MPLX
Operating Cash FlowLast quarter
$200.0M
$1.5B
Free Cash FlowOCF − Capex
$782.0M
FCF MarginFCF / Revenue
31.9%
Capex IntensityCapex / Revenue
29.1%
Cash ConversionOCF / Net Profit
100.00×
1.24×
TTM Free Cash FlowTrailing 4 quarters
$4.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GNW
GNW
MPLX
MPLX
Q4 25
$200.0M
$1.5B
Q3 25
$87.0M
$1.4B
Q2 25
$6.0M
$1.7B
Q1 25
$34.0M
$1.2B
Q4 24
$27.0M
$1.7B
Q3 24
$161.0M
$1.4B
Q2 24
$7.0M
$1.6B
Q1 24
$-107.0M
$1.3B
Free Cash Flow
GNW
GNW
MPLX
MPLX
Q4 25
$782.0M
Q3 25
$905.0M
Q2 25
$1.4B
Q1 25
$979.0M
Q4 24
$1.4B
Q3 24
$1.1B
Q2 24
$1.4B
Q1 24
$1.0B
FCF Margin
GNW
GNW
MPLX
MPLX
Q4 25
31.9%
Q3 25
36.8%
Q2 25
60.9%
Q1 25
39.8%
Q4 24
56.6%
Q3 24
48.4%
Q2 24
60.0%
Q1 24
47.7%
Capex Intensity
GNW
GNW
MPLX
MPLX
Q4 25
29.1%
Q3 25
21.4%
Q2 25
12.8%
Q1 25
10.9%
Q4 24
12.7%
Q3 24
11.9%
Q2 24
9.4%
Q1 24
11.7%
Cash Conversion
GNW
GNW
MPLX
MPLX
Q4 25
100.00×
1.24×
Q3 25
0.75×
0.92×
Q2 25
0.12×
1.64×
Q1 25
0.63×
1.10×
Q4 24
1.51×
Q3 24
1.89×
1.35×
Q2 24
0.09×
1.32×
Q1 24
-0.77×
1.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GNW
GNW

Enact Segment$1.3B70%
Other$386.0M22%
Annuities$106.0M6%
Utilities$20.0M1%
Consumer Cyclical$17.0M1%
Energy$4.0M0%

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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