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Side-by-side financial comparison of Marathon Petroleum (MPC) and Procter & Gamble (PG). Click either name above to swap in a different company.
Marathon Petroleum is the larger business by last-quarter revenue ($32.6B vs $21.2B, roughly 1.5× Procter & Gamble). Procter & Gamble runs the higher net margin — 18.6% vs 4.7%, a 13.9% gap on every dollar of revenue. On growth, Procter & Gamble posted the faster year-over-year revenue change (7.0% vs -1.7%). Over the past eight quarters, Procter & Gamble's revenue compounded faster (1.7% CAGR vs -0.2%).
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.
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation incorporated and headquartered in Cincinnati, Ohio.
MPC vs PG — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $32.6B | $21.2B |
| Net Profit | $1.5B | $4.0B |
| Gross Margin | 11.4% | 49.5% |
| Operating Margin | 8.3% | 21.5% |
| Net Margin | 4.7% | 18.6% |
| Revenue YoY | -1.7% | 7.0% |
| Net Profit YoY | 313.7% | 4.0% |
| EPS (diluted) | $4.99 | $1.63 |
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.
| Q1 26 | — | $21.2B | ||
| Q4 25 | $32.6B | $22.2B | ||
| Q3 25 | $34.8B | $22.4B | ||
| Q2 25 | $33.8B | $20.9B | ||
| Q1 25 | $31.5B | $19.8B | ||
| Q4 24 | $33.1B | $21.9B | ||
| Q3 24 | $35.1B | $21.7B | ||
| Q2 24 | $37.9B | $20.5B |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $1.5B | $4.3B | ||
| Q3 25 | $1.4B | $4.8B | ||
| Q2 25 | $1.2B | $3.6B | ||
| Q1 25 | $-74.0M | $3.8B | ||
| Q4 24 | $371.0M | $4.6B | ||
| Q3 24 | $622.0M | $4.0B | ||
| Q2 24 | $1.5B | $3.1B |
| Q1 26 | — | 49.5% | ||
| Q4 25 | 11.4% | 51.2% | ||
| Q3 25 | 10.4% | 51.4% | ||
| Q2 25 | 11.2% | 49.1% | ||
| Q1 25 | 6.8% | 51.0% | ||
| Q4 24 | 7.8% | 52.4% | ||
| Q3 24 | 8.4% | 52.1% | ||
| Q2 24 | 10.5% | 49.6% |
| Q1 26 | — | 21.5% | ||
| Q4 25 | 8.3% | 24.2% | ||
| Q3 25 | 7.8% | 26.2% | ||
| Q2 25 | 6.5% | 20.8% | ||
| Q1 25 | 2.2% | 23.0% | ||
| Q4 24 | 3.4% | 26.2% | ||
| Q3 24 | 3.8% | 26.7% | ||
| Q2 24 | 6.7% | 18.9% |
| Q1 26 | — | 18.6% | ||
| Q4 25 | 4.7% | 19.4% | ||
| Q3 25 | 3.9% | 21.2% | ||
| Q2 25 | 3.6% | 17.3% | ||
| Q1 25 | -0.2% | 19.1% | ||
| Q4 24 | 1.1% | 21.2% | ||
| Q3 24 | 1.8% | 18.2% | ||
| Q2 24 | 4.0% | 15.3% |
| Q1 26 | — | $1.63 | ||
| Q4 25 | $4.99 | $1.78 | ||
| Q3 25 | $4.51 | $1.95 | ||
| Q2 25 | $3.96 | $1.48 | ||
| Q1 25 | $-0.24 | $1.54 | ||
| Q4 24 | $1.30 | $1.88 | ||
| Q3 24 | $1.87 | $1.61 | ||
| Q2 24 | $4.33 | $1.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.7B | $12.3B |
| Total DebtLower is stronger | $30.5B | $23.9B |
| Stockholders' EquityBook value | $17.3B | $54.7B |
| Total Assets | $84.0B | $128.4B |
| Debt / EquityLower = less leverage | 1.76× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.3B | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $5.1B | — | ||
| Q2 24 | $8.5B | — |
| Q1 26 | — | $23.9B | ||
| 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 26 | — | $54.7B | ||
| Q4 25 | $17.3B | $53.3B | ||
| Q3 25 | $17.1B | $53.6B | ||
| Q2 25 | $16.6B | $52.3B | ||
| Q1 25 | $16.4B | $52.5B | ||
| Q4 24 | $17.7B | $51.4B | ||
| Q3 24 | $18.9B | $52.1B | ||
| Q2 24 | $21.3B | $50.6B |
| Q1 26 | — | $128.4B | ||
| Q4 25 | $84.0B | $127.3B | ||
| Q3 25 | $83.2B | $127.6B | ||
| Q2 25 | $78.5B | $125.2B | ||
| Q1 25 | $81.6B | $123.0B | ||
| Q4 24 | $78.9B | $122.6B | ||
| Q3 24 | $79.8B | $126.5B | ||
| Q2 24 | $85.2B | $122.4B |
| Q1 26 | — | 0.44× | ||
| 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× | — |
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 | $3.1B | — |
| Free Cash FlowOCF − Capex | $1.9B | — |
| FCF MarginFCF / Revenue | 5.8% | — |
| Capex IntensityCapex / Revenue | 3.6% | 15.9% |
| Cash ConversionOCF / Net Profit | 2.00× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.8B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $5.0B | ||
| Q3 25 | $2.6B | $5.4B | ||
| Q2 25 | $2.6B | $5.0B | ||
| Q1 25 | $-64.0M | $3.7B | ||
| Q4 24 | $2.2B | $4.8B | ||
| Q3 24 | $1.7B | $4.3B | ||
| Q2 24 | $3.2B | $5.8B |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $3.8B | ||
| Q3 25 | $1.7B | $4.2B | ||
| Q2 25 | $1.9B | $4.0B | ||
| Q1 25 | $-727.0M | $2.8B | ||
| Q4 24 | $1.4B | $3.9B | ||
| Q3 24 | $1.0B | $3.3B | ||
| Q2 24 | $2.8B | $5.0B |
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 17.1% | ||
| Q3 25 | 4.8% | 18.8% | ||
| Q2 25 | 5.8% | 19.1% | ||
| Q1 25 | -2.3% | 14.4% | ||
| Q4 24 | 4.2% | 17.8% | ||
| Q3 24 | 2.9% | 15.2% | ||
| Q2 24 | 7.3% | 24.2% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | 3.6% | 5.3% | ||
| Q3 25 | 2.7% | 5.4% | ||
| Q2 25 | 2.1% | 4.8% | ||
| Q1 25 | 2.1% | 4.3% | ||
| Q4 24 | 2.4% | 4.2% | ||
| Q3 24 | 1.9% | 4.6% | ||
| Q2 24 | 1.3% | 3.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.00× | 1.15× | ||
| Q3 25 | 1.90× | 1.14× | ||
| Q2 25 | 2.17× | 1.38× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | 5.95× | 1.04× | ||
| Q3 24 | 2.71× | 1.09× | ||
| Q2 24 | 2.14× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PG
| Fabric & Home Care | $7.4B | 35% |
| Baby, Feminine & Family Care | $5.1B | 24% |
| Beauty | $3.9B | 18% |
| Health Care | $3.1B | 14% |
| Grooming | $1.6B | 8% |
| Corporate | $225.0M | 1% |
