Marathon Petroleum (MPC) Stock Analysis

November 11, 2026

This is a peer-relative look at Marathon Petroleum (MPC): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Energy peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Marathon Petroleum (MPC)
Profile Item	MPC
Name	Marathon Petroleum Corp.
Country/Region	United States
GICS Sector	Energy
GICS Industry Group	Energy
GICS Industry	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Refining & Marketing
Market Capitalization	101.49 billion USD
Currency	USD
Exchange	NYSE
Listing Date	June 24, 2011
Security Type	Common Stock

Price Performance

Cumulative Growth

MPC

GSPC

Marathon Petroleum (MPC) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Marathon Petroleum (MPC) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Marathon Petroleum (MPC) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Marathon Petroleum (MPC) metric values compared with Energy industry-group medians
Metric	Current stock: MPC	Industry group median
Total Return (1Y)	104.94%	32.08%
Total Return (3Y, Annualized)	42.97%	14.39%
Total Return (5Y, Annualized)	45.42%	15.43%

Risk Profile

Drawdown History

MPC

GSPC

Marathon Petroleum (MPC) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Marathon Petroleum (MPC) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Marathon Petroleum (MPC) metric values compared with Energy industry-group medians
Metric	Current stock: MPC	Industry group median
Volatility (1Y, Annualized)	37.53%	41.29%
Beta (5Y)	0.56	0.66
Max Drawdown (5Y)	-44.75%	-52.09%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. MPC is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Marathon Petroleum (MPC) metric values compared with Energy industry-group medians
Metric	Current stock: MPC	Industry group median
Sharpe Ratio (1Y)	2.68	0.67
Sortino Ratio (1Y)	4.10	1.01

Profitability

ROE (TTM)

Marathon Petroleum (MPC) posts ROE of 60.46%, above the industry benchmark range. Equity is being turned into profit at an exceptional rate, but very high ROE should still be checked against leverage, buybacks, and the size of the equity base.

MPC

Energy industry group

60.46%

Group distribution

MPC: 60.46%
Max: 53.85%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Largest peers

MPC: 60.46%
PBR: 30.27%
TTE: 17.83%
COP: 17.66%
SHEL: 17.43%
XOM: 15.53%
CVX: 13.85%

Where Marathon Petroleum (MPC) stands on ROE within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Marathon Petroleum (MPC) keeps 8.34% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

MPC

Energy industry group

8.34%

Group distribution

Max: 56.92%
Q3: 22.92%
Median: 10.10%
MPC: 8.34%
Q1: 0.07%
Min: -27.38%

Largest peers

PBR: 24.32%
COP: 16.76%
CVX: 11.92%
XOM: 10.46%
TTE: 10.46%
SHEL: 10.18%
MPC: 8.34%

Where Marathon Petroleum (MPC) stands on net margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Marathon Petroleum (MPC) turns 17.98% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

MPC

Energy industry group

17.98%

Group distribution

Max: 71.31%
Q3: 33.75%
Median: 18.73%
MPC: 17.98%
Q1: 6.94%
Min: -24.52%

Largest peers

PBR: 44.68%
COP: 30.05%
TTE: 24.51%
SHEL: 18.76%
MPC: 17.98%
CVX: 17.89%
XOM: 16.98%

Where Marathon Petroleum (MPC) stands on operating margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Marathon Petroleum (MPC) metric values compared with Energy industry-group medians
Metric	Current stock: MPC	Industry group median
ROE (TTM)	60.46%	12.85%
ROA (TTM)	13.75%	5.49%
Net Margin (TTM)	8.34%	10.10%
Operating Margin (TTM)	17.98%	18.73%
Gross Margin (TTM)	16.20%	44.52%

Growth

Revenue Growth

Marathon Petroleum (MPC) grew revenue -4.44%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Marathon Petroleum (MPC): Revenue Growth across different time periods, set against Energy industry-group medians.

EPS Growth

Marathon Petroleum (MPC) grew earnings per share 31.15%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

Marathon Petroleum (MPC): EPS Growth across different time periods, set against Energy industry-group medians.

Growth Metrics

Marathon Petroleum (MPC) metric values compared with Energy industry-group medians
Metric	Current stock: MPC	Industry group median
Revenue Growth (YoY)	-4.44%	0.51%
Revenue Growth (3Y CAGR)	-9.23%	0.37%
EPS Growth (YoY)	31.15%	-11.75%
EPS Growth (3Y CAGR)	-22.24%	-12.07%

Financial Strength

Current Ratio (MRQ)

Marathon Petroleum (MPC) has current ratio of 1.45, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

MPC

Energy industry group

1.45

Group distribution

Max: 3.64
Q3: 2.21
MPC: 1.45
Median: 1.41
Q1: 0.88
Min: 0.24

Largest peers

COP: 1.52
MPC: 1.45
SHEL: 1.38
CVX: 1.34
XOM: 1.19
TTE: 1.11
PBR: 0.85

Where Marathon Petroleum (MPC) stands on current ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Marathon Petroleum (MPC) has debt-to-equity ratio of 1.15, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

MPC

Energy industry group

1.15

Group distribution

Max: 1.75
MPC: 1.15
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

Largest peers

MPC: 1.15
PBR: 0.76
TTE: 0.46
SHEL: 0.38
COP: 0.35
CVX: 0.17
XOM: 0.13

Where Marathon Petroleum (MPC) stands on debt-to-equity ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Marathon Petroleum (MPC) metric values compared with Energy industry-group medians
Metric	Current stock: MPC	Industry group median
Current Ratio (MRQ)	1.45	1.41
Debt / Equity (MRQ)	1.15	0.54
Net Debt / EBITDA	0.88	1.13

Dividends

Dividend Yield (TTM)

Marathon Petroleum (MPC) has dividend yield of 1.09%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

MPC

Energy industry group

1.09%

Group distribution

Max: 8.57%
Q3: 3.58%
Median: 1.71%
MPC: 1.09%
Q1: 0.00%
Min: 0.00%

Largest peers

PBR: 19.51%
TTE: 4.58%
CVX: 3.31%
XOM: 2.49%
COP: 2.48%
SHEL: 1.54%
MPC: 1.09%

Where Marathon Petroleum (MPC) stands on dividend yield within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Marathon Petroleum (MPC) has payout ratio of 7.93%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

MPC

Energy industry group

7.93%

Group distribution

Max: 133.24%
Q3: 53.31%
Median: 25.24%
MPC: 7.93%
Q1: 0.00%
Min: 0.00%

Largest peers

CVX: 51.76%
XOM: 42.39%
TTE: 39.93%
COP: 35.41%
PBR: 28.93%
SHEL: 26.24%
MPC: 7.93%

Where Marathon Petroleum (MPC) stands on payout ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Marathon Petroleum (MPC) metric values compared with Energy industry-group medians
Metric	Current stock: MPC	Industry group median
Dividend Yield (TTM)	1.09%	1.71%
Dividend Payout Ratio (TTM)	7.93%	25.24%

Valuation

P/E Ratio (TTM)

Marathon Petroleum (MPC) trades at P/E ratio of 7.39, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

MPC

Energy industry group

7.39

Group distribution

Max: 39.54
Q3: 21.72
Median: 12.19
Q1: 7.71
MPC: 7.39
Min: 2.99

Largest peers

XOM: 17.06
CVX: 15.61
COP: 14.36
TTE: 8.76
SHEL: 8.60
MPC: 7.39
PBR: 4.68

Where Marathon Petroleum (MPC) stands on P/E ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Marathon Petroleum (MPC) trades at 0.58 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

MPC

Energy industry group

0.58

Group distribution

Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
MPC: 0.58
Min: 0.00

Largest peers

COP: 2.34
CVX: 1.83
XOM: 1.74
TTE: 0.90
SHEL: 0.87
MPC: 0.58
PBR: 0.22

Where Marathon Petroleum (MPC) stands on P/S ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Marathon Petroleum (MPC) trades at 4.42 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

MPC

Energy industry group

4.42

Group distribution

MPC: 4.42
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Largest peers

MPC: 4.42
XOM: 2.55
COP: 2.44
CVX: 2.13
TTE: 1.46
SHEL: 1.43
PBR: 1.25

Where Marathon Petroleum (MPC) stands on P/B ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Marathon Petroleum (MPC) metric values compared with Energy industry-group medians
Metric	Current stock: MPC	Industry group median
P/E Ratio (TTM)	7.39	12.19
P/S Ratio (TTM)	0.58	1.69
P/B Ratio (MRQ)	4.42	1.51
Free Cash Flow Yield (TTM)	16.00%	5.94%