TTM
4.2%
YoY change
−0.82pp
Trough year (2008)
-3.2%
Peak year (2023)
8.2%
Latest annual
3.6%
FCF Margin history chart for Marathon Petroleum (MPC) from 2008 to 2025
Latest: 3.6%
FCF Margin change chart for Marathon Petroleum (MPC) from 2008 to 2025
Latest: −0.82pp
FCF Margin history table for Marathon Petroleum (MPC) from 2008 to 2025
| 2025 | 3.6% | -0.82pp | ||
| 2024 | 4.4% | -3.82pp | ||
| 2023 | 8.2% | +0.38pp | ||
| 2022 | 7.9% | +5.44pp | ||
| 2021 | 2.4% | +2.94pp | ||
| 2020 | -0.5% | -4.69pp | ||
| 2019 | 4.2% | +0.71pp | ||
| 2018 | 3.5% | -1.73pp | ||
| 2017 | 5.2% | +3.42pp | ||
| 2016 | 1.8% | -1.10pp | ||
| 2015 | 2.9% | +1.21pp | ||
| 2014 | 1.7% | -0.53pp | ||
| 2013 | 2.2% | -1.60pp | ||
| 2012 | 3.8% | +1.10pp | ||
| 2011 | 2.7% | +1.10pp | ||
| 2010 | 1.6% | +2.56pp | ||
| 2009 | -1.0% | +2.27pp | ||
| 2008 | -3.2% | — |
- 20253.6%-0.82pp
- 20244.4%-3.82pp
- 20238.2%+0.38pp
- 20227.9%+5.44pp
- 20212.4%+2.94pp
- 2020-0.5%-4.69pp
- 20194.2%+0.71pp
- 20183.5%-1.73pp
- 20175.2%+3.42pp
- 20161.8%-1.10pp
- 20152.9%+1.21pp
- 20141.7%-0.53pp
- 20132.2%-1.60pp
- 20123.8%+1.10pp
- 20112.7%+1.10pp
- 20101.6%+2.56pp
- 2009-1.0%+2.27pp
- 2008-3.2%—
FCF Margin values are taken from Marathon Petroleum's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Marathon Petroleum (MPC)
According to Marathon Petroleum's latest reported financial statements, the company's latest reported free cash flow margin is 4.2%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual free cash flow margin for Marathon Petroleum (MPC) came in at 3.59% – contracted 0.8 percentage points year-over-year.
The highest annual free cash flow margin of 8.24% was reported in 2023. The lowest in the available history was -3.22% in 2008.
Marathon Petroleum FCF Margin by Year
Marathon Petroleum FCF Margin 2025: 3.6%
Marathon Petroleum posted free cash flow margin of 3.59% in 2025, contracted 0.8 percentage points from 2024.
Marathon Petroleum FCF Margin 2024: 4.4%
In 2024, Marathon Petroleum reported free cash flow margin of 4.42%, contracted 3.8 percentage points from 2023.
Marathon Petroleum FCF Margin 2023: 8.2%
Marathon Petroleum free cash flow margin in 2023 was 8.24%, expanded 0.4 percentage points from 2022. This figure represents the highest annual value in the available history.
Marathon Petroleum FCF Margin 2022: 7.9%
2022's free cash flow margin for Marathon Petroleum came in at 7.86%, expanded 5.4 percentage points from 2021.
Marathon Petroleum FCF Margin 2021: 2.4%
Marathon Petroleum free cash flow margin in 2021 was 2.41%.
See more financial history for Marathon Petroleum (MPC).
Sector peers by FCF Margin
Energy peers of Marathon Petroleum (MPC), ranked by their latest free cash flow margin
| 31.4% | |
| 13.0% | |
| 7.2% | |
| 6.1% | |
| 5.8% | |
| 4.7% | |
| 2.8% | |
| 0.1% |
- 31.4%
- 13.0%
- 7.2%
- 2.8%
Frequently asked questions
Marathon Petroleum (MPC) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation