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Side-by-side financial comparison of MPLX LP (MPLX) and Sprouts Farmers Market, Inc. (SFM). 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× Sprouts Farmers Market, Inc.). MPLX LP runs the higher net margin — 49.1% vs 7.0%, a 42.1% gap on every dollar of revenue. On growth, Sprouts Farmers Market, Inc. posted the faster year-over-year revenue change (4.1% vs 1.4%). Over the past eight quarters, Sprouts Farmers Market, Inc.'s revenue compounded faster (10.9% CAGR vs 6.2%).

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.

Sprouts Farmers Market, Inc., is a supermarket chain headquartered in Phoenix, Arizona, offering natural and organic foods, including fresh produce, bulk foods, packaged groceries, meat, poultry, seafood, deli, baked goods, dairy products, and frozen foods. They also sell vitamins and supplements, natural body care, and household items. Sprouts employs 35,000 workers and operates more than 400 stores in 24 states.

MPLX vs SFM — Head-to-Head

Bigger by revenue
MPLX
MPLX
1.1× larger
MPLX
$2.5B
$2.3B
SFM
Growing faster (revenue YoY)
SFM
SFM
+2.7% gap
SFM
4.1%
1.4%
MPLX
Higher net margin
MPLX
MPLX
42.1% more per $
MPLX
49.1%
7.0%
SFM
Faster 2-yr revenue CAGR
SFM
SFM
Annualised
SFM
10.9%
6.2%
MPLX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MPLX
MPLX
SFM
SFM
Revenue
$2.5B
$2.3B
Net Profit
$1.2B
$163.7M
Gross Margin
39.4%
Operating Margin
60.5%
9.2%
Net Margin
49.1%
7.0%
Revenue YoY
1.4%
4.1%
Net Profit YoY
8.5%
-9.1%
EPS (diluted)
$1.71

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
MPLX
MPLX
SFM
SFM
Q1 26
$2.3B
Q4 25
$2.5B
$2.1B
Q3 25
$2.5B
$2.2B
Q2 25
$2.4B
$2.2B
Q1 25
$2.5B
$2.2B
Q4 24
$2.4B
$2.0B
Q3 24
$2.3B
$1.9B
Q2 24
$2.3B
$1.9B
Net Profit
MPLX
MPLX
SFM
SFM
Q1 26
$163.7M
Q4 25
$1.2B
$89.8M
Q3 25
$1.6B
$120.1M
Q2 25
$1.1B
$133.7M
Q1 25
$1.1B
$180.0M
Q4 24
$1.1B
$79.6M
Q3 24
$1.0B
$91.6M
Q2 24
$1.2B
$95.3M
Gross Margin
MPLX
MPLX
SFM
SFM
Q1 26
39.4%
Q4 25
38.0%
Q3 25
38.7%
Q2 25
38.8%
Q1 25
39.6%
Q4 24
38.1%
Q3 24
38.1%
Q2 24
37.9%
Operating Margin
MPLX
MPLX
SFM
SFM
Q1 26
9.2%
Q4 25
60.5%
5.7%
Q3 25
73.2%
7.2%
Q2 25
54.9%
8.1%
Q1 25
55.5%
10.1%
Q4 24
55.6%
5.3%
Q3 24
54.4%
6.3%
Q2 24
62.9%
6.7%
Net Margin
MPLX
MPLX
SFM
SFM
Q1 26
7.0%
Q4 25
49.1%
4.2%
Q3 25
63.2%
5.5%
Q2 25
44.9%
6.0%
Q1 25
46.2%
8.0%
Q4 24
45.9%
4.0%
Q3 24
44.6%
4.7%
Q2 24
52.6%
5.0%
EPS (diluted)
MPLX
MPLX
SFM
SFM
Q1 26
$1.71
Q4 25
$0.93
Q3 25
$1.22
Q2 25
$1.35
Q1 25
$1.81
Q4 24
$0.78
Q3 24
$0.91
Q2 24
$0.94

Balance Sheet & Financial Strength

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

Metric
MPLX
MPLX
SFM
SFM
Cash + ST InvestmentsLiquidity on hand
$2.1B
$252.2M
Total DebtLower is stronger
$24.2B
Stockholders' EquityBook value
$1.4B
Total Assets
$43.0B
$4.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPLX
MPLX
SFM
SFM
Q1 26
$252.2M
Q4 25
$2.1B
$257.3M
Q3 25
$1.8B
$322.4M
Q2 25
$1.4B
$261.4M
Q1 25
$2.5B
$285.7M
Q4 24
$1.5B
$265.2M
Q3 24
$2.4B
$309.7M
Q2 24
$2.5B
$177.3M
Total Debt
MPLX
MPLX
SFM
SFM
Q1 26
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
Stockholders' Equity
MPLX
MPLX
SFM
SFM
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Total Assets
MPLX
MPLX
SFM
SFM
Q1 26
$4.3B
Q4 25
$43.0B
$4.2B
Q3 25
$43.2B
$4.0B
Q2 25
$37.8B
$3.8B
Q1 25
$39.0B
$3.7B
Q4 24
$37.5B
$3.6B
Q3 24
$38.5B
$3.6B
Q2 24
$38.4B
$3.4B

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPLX
MPLX
SFM
SFM
Q1 26
Q4 25
$1.5B
$138.5M
Q3 25
$1.4B
$167.1M
Q2 25
$1.7B
$111.2M
Q1 25
$1.2B
$299.1M
Q4 24
$1.7B
$124.9M
Q3 24
$1.4B
$209.1M
Q2 24
$1.6B
$91.6M
Free Cash Flow
MPLX
MPLX
SFM
SFM
Q1 26
Q4 25
$782.0M
$66.3M
Q3 25
$905.0M
$111.4M
Q2 25
$1.4B
$50.4M
Q1 25
$979.0M
$239.6M
Q4 24
$1.4B
$56.2M
Q3 24
$1.1B
$156.3M
Q2 24
$1.4B
$33.9M
FCF Margin
MPLX
MPLX
SFM
SFM
Q1 26
Q4 25
31.9%
3.1%
Q3 25
36.8%
5.1%
Q2 25
60.9%
2.3%
Q1 25
39.8%
10.7%
Q4 24
56.6%
2.8%
Q3 24
48.4%
8.0%
Q2 24
60.0%
1.8%
Capex Intensity
MPLX
MPLX
SFM
SFM
Q1 26
Q4 25
29.1%
3.4%
Q3 25
21.4%
2.5%
Q2 25
12.8%
2.7%
Q1 25
10.9%
2.7%
Q4 24
12.7%
3.4%
Q3 24
11.9%
2.7%
Q2 24
9.4%
3.0%
Cash Conversion
MPLX
MPLX
SFM
SFM
Q1 26
Q4 25
1.24×
1.54×
Q3 25
0.92×
1.39×
Q2 25
1.64×
0.83×
Q1 25
1.10×
1.66×
Q4 24
1.51×
1.57×
Q3 24
1.35×
2.28×
Q2 24
1.32×
0.96×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

SFM
SFM

Segment breakdown not available.

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