Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Marathon Petroleum Corporation

MPCNYSE
Wall Street Score · overall investment40/100
$432.51USD$-8.26 (-1.87%)
Company website www.marathonpetroleum.com
Headquarters539 South Main Street, Findlay, OH, 45840-3229, US
Financial statement currencyUSD · no FX conversion applied
Energy · Oil & Gas Refining & Marketing
Price updated todayFinancials updated Oct 5, 2026

MPC · Price history

Price at last available close

$432.51

+$40.48 (+10.33%) 1M

2026-10-29

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Company & revenue

About Marathon Petroleum Corporation

Primary reporting period: 2025-12-31 · Research updated Oct 5, 2026. A research update is not a new financial filing.

Who they are

Marathon Petroleum Corporation (MPC) functions as a prominent integrated energy enterprise, primarily concentrating its downstream operations across the United States. Its business is bifurcated into two main divisions: Refining & Marketing, and Midstream. The Refining & Marketing segment is responsible for processing crude oil and various other raw materials at its refineries, strategically located in the U.

How they make money

Marathon Petroleum Corporation operates as an integrated downstream energy company. It generates revenue primarily through the refining and marketing of petroleum products, the midstream transportation and storage of crude oil and refined products, and the production and distribution of renewable diesel.

Products & services

Refined petroleum products including gasoline, distillates, and asphalt; midstream logistics services; and renewable diesel fuel.

Brands & revenue mix

Marathon

Primary brand for independent retail outlets.

Separate brand revenue is not available in this research.Source

ARCO

Brand used for direct dealer supply contracts.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

Refining And MarketingUSD 124.25B93.6%

Period ended 2025-12-31Source

MidstreamUSD 5.63B4.2%

Period ended 2025-12-31Source

Renewable DieselUSD 2.80B2.1%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Wholesale marketing customersSource
  • Spot market buyersSource
  • Independent entrepreneurs (Marathon branded outlets)Source
  • Direct dealers (ARCO branded locations)Source

Customer concentration

The company does not disclose specific customer concentration figures in its 2025 10-K filing.

Suppliers, materials & equipment

  • Crude oil suppliers — The company sources crude oil from various domestic and international producers; specific supplier names are not disclosed.Source

Competitors

  • Valero Energy Corporation — A major independent petroleum refiner and marketer.Source
  • Phillips 66 — An integrated energy company with significant refining and midstream operations.Source

Strengths

  • Large-scale integrated downstream operationsSource
  • Extensive terminal and logistics infrastructureSource

Risks

  • Volatility in crude oil and refined product pricesSource
  • Regulatory and environmental compliance costsSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

40

Weak

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

64

Fair

Financial Strength

47

Business Quality / Moat

65

Management

85

Growth Quality

62

Risk / Durability

67

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

33

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

41/100

Building Historical Record

Model Score 41/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like
  • •Recent buyback activity is present
What to watch
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Debt / balance-sheet profile needs attention
  • •Asset quality is a weaker factor

Company-specific research

Questions worth answering for MPC

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can MPC maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is MPC's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Is MPC's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •What future growth or profitability would be needed to justify MPC's current valuation?
Business analysis: 24 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

40

0–100 · Weak

Opportunity Score

33

0–100 · Poor

Market Cap

$121.46B

P/E Ratio

14.9

EPS

$29.05

52-Week High

$434.94

52-Week Low

$161.93

Beta

0.53

Intrinsic Value

$246.92

Analyst Target

$429.00

Shares Outstanding

305.0M

Total Revenue

$153.94B

Total Debt

$34.29B

Dividend Yield (TTM)

0.92%

View dividend history

Liquidation Value / Share

$84.33

Estimated net asset value per share

Dividend / Share (TTM)

$4.00

Trailing 12 months by ex-date; not a forecast

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
54/ 100
-25 pts / 5d

Neutral / mixed momentum

5D -5.8% · 20D +2.9% · RSI 41 · Price vs 20D avg -5.3%
Volatility
38/ 100
+10 pts / 5d

Normal movement

20D realized vol 42.6% · 60D 38.3% · Acceleration 1.11x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for MPC

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on MPC.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Large-scale integrated downstream operations.
  • +Extensive terminal and logistics infrastructure.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Oil & Gas Refining & Marketing industry.
  • −Volatility in crude oil and refined product prices.
  • −Regulatory and environmental compliance costs.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak40/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Weak

40

Tap for breakdown →

Weak

45

Debt Cost4.1%
Debt Reduction YoY-19.5%
Debt / Equity1.98x

Tap for breakdown →

Poor

36

Revenue YoY16.0%
Revenue CAGR-5.4%
Net Margin5.6%

Tap for breakdown →

Poor

37

Asset Growth YoY8.5%
Liquidation/Share$84.33
Net Assets/MCap0.47x

Tap for breakdown →

Strong

72

Earnings Yield6.7%
Buyback Yield7.1%
Debt Cost4.1%

Tap for breakdown →

Strong

85

ROIC10.6%
ROE44.8%
ROA9.1%

Tap for breakdown →

Fair

65

EPS Growth8.1%
FCF/Share Growth0.2%
Rev/Share Growth15.0%

Tap for breakdown →

Poor

26

Intrinsic Value$246.92
Value Reference$148.16
MOS-78.5%

Tap for breakdown →

Weak

49

Revenue36
Moat65
Valuation26

Tap for breakdown →

Poor

0

MOS %-78.5%
Value Reference$148.16
Deep Discount Reference$98.77

Tap for breakdown →

Poor

27

Interest Coverage4.1x
ROIC10.6%
FCF Yield3.8%

Tap for breakdown →

Poor

38

Financial27
Valuation26
Debt45

Tap for breakdown →

Weak

44

Survival Years1.4 yrs
Current Ratio1.26x
FCF Margin3.6%

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Score Changes

3 historical score records available

Previous Score

41

Oct 1, 2026

Change

-0.6

points

Current Score

40

Oct 5, 2026

Category Changes

Revenue-1.6
Debt0
Assets-1.2
Capital-5.0
Management0
Moat0
Valuation0
Buffett-0.5

MPC decreased 0.6 points because Capital declined by 5 points.

Negative Contributors

  • − Capital declined by 5 points

Projected Score

Projected Score

52

Projected Change

+11.6 points

Preliminary comparable-period financial changes suggest improvement of approximately 11.6 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Overvalued

Current Price

$432.51

Model Intrinsic Value

$246.92

Difference

+$185.59

+75.2% vs IV

Margin of Safety

-75.2%

UndervaluedFair ValueOvervalued
Value Reference: $148.16
Deep Discount Reference: $98.77

Financial Charts

Revenue

201420152016201720182019202020212022202320242025$0$45.0B$90.0B$135.0B$180.0B

Additional Metrics

Operating Cash Flow

201520172019202120232025$0$4.5B$9.0B$13.5B$18.0B

Total Debt

201520172019202120232025$0$9.0B$18.0B$27.0B$36.0B

Total Assets

201520172019202120232025$0$25.0B$50.0B$75.0B$100.0B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$153.94B$132.70B$138.86B$148.38B····························
Cost of Revenue$136.06B$122.70B$129.58B$131.87B····························
Gross Profit$17.89B$10.00B$9.29B$16.51B····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$3.46B$3.35B$3.22B$3.04B····························
Operating Expenses$5.64B$4.23B$4.04B$3.92B····························
EBITDA$17.45B$11.68B$10.60B$18.56B····························
Operating Income$12.24B$5.77B$5.25B$12.59B····························
Interest Expense$1.55B$1.41B$1.34B$1.28B····························
Income Before Tax$12.77B$7.01B$5.96B$13.99B····························
Income Tax Expense$2.46B$1.14B$890.0M$2.82B····························
Net Income$8.55B$4.05B$3.44B$9.68B····························
Basic EPS$29.05$13.27$10.12$23.76····························
Basic Shares291M305M341M407M····························
Diluted Shares291M305M341M409M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 3, 2026
Estimated EPS: $23.13Estimated revenue: $46.21B
Jun 30, 2026Q2FY2026

Revenue

$51.99B

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$17.68

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+14.2%

Cash Change

+364.3%

Margin Change

+6.3 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded
  • Cash position grew

What Weakened

  • Debt increased

Potential Score Impact

Positive indicators included revenue growth, EPS growth, cash levels, net income margin. Pressure indicators included debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 53.8%. EPS increased 346.5%. Cash increased 364.3%. Total debt increased 14.2%. Net income margin improved by 6.3 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 121 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

41

Smart Money

41

Number of Gurus

1

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Log in to view dividend history.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

Start 7-Day Free Trial

Historical Trends

3 historical records
Jul 24, 26Oct 1, 26Oct 5, 260255075100

Historical Score Chart

3 of 3 records shown

Wall Street Score

Jul 24, 26Oct 1, 26Oct 5, 260255075100

Debt Score

Jul 24, 26Oct 1, 26Oct 5, 260255075100

Revenue Score

Jul 24, 26Oct 1, 26Oct 5, 260255075100

Asset Score

Jul 24, 26Oct 1, 26Oct 5, 260255075100

Capital Score

Jul 24, 26Oct 1, 26Oct 5, 260255075100

Management Score

Jul 24, 26Oct 1, 26Oct 5, 260255075100

Moat Score

Jul 24, 26Oct 1, 26Oct 5, 260255075100

Valuation Score

Jul 24, 26Oct 1, 26Oct 5, 260255075100

Buffett Score

Jul 24, 26Oct 1, 26Oct 5, 260255075100

Intrinsic Value

Jul 24, 26Oct 1, 26Oct 5, 26$90.00$135.00$180.00$225.00$270.00

Value Reference

Jul 24, 26Oct 1, 26Oct 5, 26$50.00$75.00$100.00$125.00$150.00

Margin of Safety %

Jul 24, 26Oct 1, 26Oct 5, 26-1.0%-0.9%-0.8%-0.7%-0.6%

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News

Rumor Mill · MPC

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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