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Side-by-side financial comparison of Marathon Petroleum (MPC) and ExxonMobil (XOM). Click either name above to swap in a different company.
ExxonMobil is the larger business by last-quarter revenue ($82.3B vs $32.6B, roughly 2.5× Marathon Petroleum). ExxonMobil runs the higher net margin — 7.9% vs 4.7%, a 3.2% gap on every dollar of revenue. On growth, ExxonMobil posted the faster year-over-year revenue change (-1.3% vs -1.7%). ExxonMobil produced more free cash flow last quarter ($5.2B vs $1.9B). Over the past eight quarters, Marathon Petroleum's revenue compounded faster (-0.2% CAGR vs -0.5%).
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.
Exxon Mobil Corporation is an American multinational oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the largest direct successor of John D. Rockefeller's Standard Oil, the company was formed in 1999, with the merger of Exxon and Mobil. It is vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. As the largest U.S.
MPC vs XOM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.6B | $82.3B |
| Net Profit | $1.5B | $6.5B |
| Gross Margin | 11.4% | — |
| Operating Margin | 8.3% | 9.8% |
| Net Margin | 4.7% | 7.9% |
| Revenue YoY | -1.7% | -1.3% |
| Net Profit YoY | 313.7% | -14.6% |
| EPS (diluted) | $4.99 | $1.54 |
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.
| Q4 25 | $32.6B | $82.3B | ||
| Q3 25 | $34.8B | $85.3B | ||
| Q2 25 | $33.8B | $81.5B | ||
| Q1 25 | $31.5B | $83.1B | ||
| Q4 24 | $33.1B | $83.4B | ||
| Q3 24 | $35.1B | $90.0B | ||
| Q2 24 | $37.9B | $93.1B | ||
| Q1 24 | $32.7B | $83.1B |
| Q4 25 | $1.5B | $6.5B | ||
| Q3 25 | $1.4B | $7.5B | ||
| Q2 25 | $1.2B | $7.1B | ||
| Q1 25 | $-74.0M | $7.7B | ||
| Q4 24 | $371.0M | $7.6B | ||
| Q3 24 | $622.0M | $8.6B | ||
| Q2 24 | $1.5B | $9.2B | ||
| Q1 24 | $937.0M | $8.2B |
| 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% | — |
| Q4 25 | 8.3% | 9.8% | ||
| Q3 25 | 7.8% | 12.8% | ||
| Q2 25 | 6.5% | 13.1% | ||
| Q1 25 | 2.2% | 14.0% | ||
| Q4 24 | 3.4% | 11.8% | ||
| Q3 24 | 3.8% | 14.5% | ||
| Q2 24 | 6.7% | 14.7% | ||
| Q1 24 | 5.5% | 14.9% |
| Q4 25 | 4.7% | 7.9% | ||
| Q3 25 | 3.9% | 8.8% | ||
| Q2 25 | 3.6% | 8.7% | ||
| Q1 25 | -0.2% | 9.3% | ||
| Q4 24 | 1.1% | 9.1% | ||
| Q3 24 | 1.8% | 9.6% | ||
| Q2 24 | 4.0% | 9.9% | ||
| Q1 24 | 2.9% | 9.9% |
| Q4 25 | $4.99 | $1.54 | ||
| Q3 25 | $4.51 | $1.76 | ||
| Q2 25 | $3.96 | $1.64 | ||
| Q1 25 | $-0.24 | $1.76 | ||
| Q4 24 | $1.30 | $1.72 | ||
| Q3 24 | $1.87 | $1.92 | ||
| Q2 24 | $4.33 | $2.14 | ||
| Q1 24 | $2.58 | $2.06 |
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 | $10.7B |
| Total DebtLower is stronger | $30.5B | $34.2B |
| Stockholders' EquityBook value | $17.3B | $259.4B |
| Total Assets | $84.0B | $449.0B |
| Debt / EquityLower = less leverage | 1.76× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.7B | $10.7B | ||
| Q3 25 | $2.7B | $13.8B | ||
| Q2 25 | $1.7B | $14.4B | ||
| Q1 25 | $3.8B | $17.0B | ||
| Q4 24 | $3.2B | $23.0B | ||
| Q3 24 | $5.1B | $26.9B | ||
| Q2 24 | $8.5B | $26.5B | ||
| Q1 24 | $7.6B | $33.3B |
| Q4 25 | $30.5B | $34.2B | ||
| Q3 25 | $31.2B | $32.8B | ||
| Q2 25 | $26.8B | $33.6B | ||
| Q1 25 | $26.8B | $32.8B | ||
| Q4 24 | $24.4B | $36.8B | ||
| Q3 24 | $24.1B | $36.9B | ||
| Q2 24 | $24.0B | $36.6B | ||
| Q1 24 | $24.8B | $32.2B |
| Q4 25 | $17.3B | $259.4B | ||
| Q3 25 | $17.1B | $260.6B | ||
| Q2 25 | $16.6B | $262.6B | ||
| Q1 25 | $16.4B | $262.7B | ||
| Q4 24 | $17.7B | $263.7B | ||
| Q3 24 | $18.9B | $268.6B | ||
| Q2 24 | $21.3B | $268.4B | ||
| Q1 24 | $22.9B | $205.3B |
| Q4 25 | $84.0B | $449.0B | ||
| Q3 25 | $83.2B | $454.3B | ||
| Q2 25 | $78.5B | $447.6B | ||
| Q1 25 | $81.6B | $451.9B | ||
| Q4 24 | $78.9B | $453.5B | ||
| Q3 24 | $79.8B | $461.9B | ||
| Q2 24 | $85.2B | $460.7B | ||
| Q1 24 | $85.5B | $377.9B |
| Q4 25 | 1.76× | 0.13× | ||
| Q3 25 | 1.83× | 0.13× | ||
| Q2 25 | 1.61× | 0.13× | ||
| Q1 25 | 1.64× | 0.12× | ||
| Q4 24 | 1.38× | 0.14× | ||
| Q3 24 | 1.27× | 0.14× | ||
| Q2 24 | 1.13× | 0.14× | ||
| Q1 24 | 1.08× | 0.16× |
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 | $12.7B |
| Free Cash FlowOCF − Capex | $1.9B | $5.2B |
| FCF MarginFCF / Revenue | 5.8% | 6.4% |
| Capex IntensityCapex / Revenue | 3.6% | 9.1% |
| Cash ConversionOCF / Net Profit | 2.00× | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | $4.8B | $23.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1B | $12.7B | ||
| Q3 25 | $2.6B | $14.8B | ||
| Q2 25 | $2.6B | $11.6B | ||
| Q1 25 | $-64.0M | $13.0B | ||
| Q4 24 | $2.2B | $12.2B | ||
| Q3 24 | $1.7B | $17.6B | ||
| Q2 24 | $3.2B | $10.6B | ||
| Q1 24 | $1.5B | $14.7B |
| Q4 25 | $1.9B | $5.2B | ||
| Q3 25 | $1.7B | $6.1B | ||
| Q2 25 | $1.9B | $5.3B | ||
| Q1 25 | $-727.0M | $7.1B | ||
| Q4 24 | $1.4B | $5.4B | ||
| Q3 24 | $1.0B | $11.4B | ||
| Q2 24 | $2.8B | $4.3B | ||
| Q1 24 | $947.0M | $9.6B |
| Q4 25 | 5.8% | 6.4% | ||
| Q3 25 | 4.8% | 7.1% | ||
| Q2 25 | 5.8% | 6.5% | ||
| Q1 25 | -2.3% | 8.5% | ||
| Q4 24 | 4.2% | 6.5% | ||
| Q3 24 | 2.9% | 12.7% | ||
| Q2 24 | 7.3% | 4.6% | ||
| Q1 24 | 2.9% | 11.5% |
| Q4 25 | 3.6% | 9.1% | ||
| Q3 25 | 2.7% | 10.2% | ||
| Q2 25 | 2.1% | 7.7% | ||
| Q1 25 | 2.1% | 7.1% | ||
| Q4 24 | 2.4% | 8.2% | ||
| Q3 24 | 1.9% | 6.8% | ||
| Q2 24 | 1.3% | 6.7% | ||
| Q1 24 | 1.8% | 6.1% |
| Q4 25 | 2.00× | 1.95× | ||
| Q3 25 | 1.90× | 1.96× | ||
| Q2 25 | 2.17× | 1.63× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | 5.95× | 1.61× | ||
| Q3 24 | 2.71× | 2.04× | ||
| Q2 24 | 2.14× | 1.14× | ||
| Q1 24 | 1.64× | 1.78× |
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% |
XOM
| Sales And Other Operating Revenue | $80.0B | 97% |
| Specialty Products | $1.8B | 2% |
| Income From Equity Affiliates | $966.0M | 1% |
| Other Revenue Interest | $256.0M | 0% |
