How does Marathon Petroleum (MPC) make money?

Marathon Petroleum (MPC) primarily makes money through Refining And Marketing, which accounts for 93.6% of total revenue. For TTM through Q4 2025, Marathon Petroleum generated $132.70B in total revenue with a net profit margin of 3%.

What is Marathon Petroleum (MPC) gross profit margin?

Marathon Petroleum (MPC) reported a gross profit margin of 7.5% for TTM through Q4 2025, equivalent to $10.00B in gross profit. This means Marathon Petroleum retains 7.5% of each revenue unit after direct costs of production.

What is Marathon Petroleum (MPC) operating profit margin?

Marathon Petroleum (MPC) reported an operating profit margin of 4.3% for TTM through Q4 2025, equivalent to $5.77B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Marathon Petroleum (MPC) net profit margin?

Marathon Petroleum (MPC) reported a net profit margin of 3% for TTM through Q4 2025, equivalent to $4.05B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Marathon Petroleum (MPC) spend on capital expenditures?

Marathon Petroleum (MPC) spent $3.49B on capital expenditures in TTM through Q4 2025 (2.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Marathon Petroleum (MPC) free cash flow?

Marathon Petroleum (MPC) generated $4.77B in free cash flow for TTM through Q4 2025 (3.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Marathon Petroleum (MPC) effective tax rate?

Marathon Petroleum (MPC) had an effective tax rate of 16.2% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How Marathon Petroleum (MPC) Makes Money: A Visual Guide

Marathon Petroleum (MPC) generated $132.70B in revenue, earning $4.05B in net profit (3% margin). Its largest revenue source is Refining And Marketing (93.6% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Marathon Petroleum (MPC) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 26, 2026).

Frequently asked questions

How does Marathon Petroleum (MPC) make money?: Marathon Petroleum (MPC) primarily makes money through Refining And Marketing, which accounts for 93.6% of total revenue. For TTM through Q4 2025, Marathon Petroleum generated $132.70B in total revenue with a net profit margin of 3%.
What is Marathon Petroleum (MPC) gross profit margin?: Marathon Petroleum (MPC) reported a gross profit margin of 7.5% for TTM through Q4 2025, equivalent to $10.00B in gross profit. This means Marathon Petroleum retains 7.5% of each revenue unit after direct costs of production.
What is Marathon Petroleum (MPC) operating profit margin?: Marathon Petroleum (MPC) reported an operating profit margin of 4.3% for TTM through Q4 2025, equivalent to $5.77B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Marathon Petroleum (MPC) net profit margin?: Marathon Petroleum (MPC) reported a net profit margin of 3% for TTM through Q4 2025, equivalent to $4.05B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Marathon Petroleum (MPC) spend on capital expenditures?: Marathon Petroleum (MPC) spent $3.49B on capital expenditures in TTM through Q4 2025 (2.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Marathon Petroleum (MPC) free cash flow?: Marathon Petroleum (MPC) generated $4.77B in free cash flow for TTM through Q4 2025 (3.6% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Marathon Petroleum (MPC) effective tax rate?: Marathon Petroleum (MPC) had an effective tax rate of 16.2% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.