Marathon Petroleum Corporation (MPC) Financial Statements
Marathon Petroleum financial statements at a glance
Marathon Petroleum reported revenue of $135.05 billion for fiscal year 2025 (ended December 31, 2025), down 3.8% from fiscal year 2024. Net income was $4.05 billion, a net margin of 3.0%.
At the end of fiscal year 2025 it had total assets of $83.96 billion, total liabilities of $66.64 billion and shareholders' equity of $17.31 billion, with total debt of $32.88 billion.
Its operations brought in $8.25 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
Marathon Petroleum Corporation
Income Statement
Annual • USD
Marathon Petroleum key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $135.0B | $140.4B | $150.1B | $178.9B | $120.0B |
| Gross profit | $15.6B | $14.1B | $21.5B | $27.2B | $6.6B |
| Operating income | $8.3B | $6.8B | $14.5B | $21.5B | $3.4B |
| Net income | $4.0B | $3.4B | $9.7B | $14.5B | $9.7B |
| Diluted EPS | – | – | – | – | $15.24 |
| Total assets | $84.0B | $78.9B | $86.0B | $89.9B | $85.4B |
| Total liabilities | $66.6B | $61.1B | $61.6B | $62.2B | $51.8B |
| Shareholders' equity | $17.3B | $17.7B | $24.4B | $27.7B | $26.2B |
| Cash | – | – | – | – | $5.3B |
| Total debt | $32.9B | $27.5B | $27.3B | $26.7B | $26.9B |
| Operating cash flow | $8.3B | $8.7B | $14.1B | $16.4B | $4.4B |
| Capital spending | – | – | – | – | $1.5B |
| Free cash flow | – | – | – | – | $2.9B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was Marathon Petroleum's revenue in fiscal year 2025?
$135.05 billion, down 3.8% from $140.38 billion in fiscal year 2024.
How much profit does Marathon Petroleum make?
Marathon Petroleum reported net income of $4.05 billion for fiscal year 2025 (3.0% of revenue); operating income was $8.29 billion.
How much cash and debt does Marathon Petroleum have?
At the end of fiscal year 2025: total debt of $32.88 billion.
