Marathon Petroleum Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	132,699	138,864	148,379	177,453	119,983
Other Revenue	728	472	969	783	468
Revenue	133,427	139,336	149,348	178,236	120,451
Revenue Growth (YoY)	-4.24%	-6.70%	-16.21%	47.97%	72.33%
Cost of Revenue	119,446	126,240	128,566	151,671	110,008
Gross Profit	13,981	13,096	20,782	26,565	10,443
Selling, General & Admin	3,349	3,183	2,950	2,775	2,601
Other Operating Expenses	885	818	881	825	721
Operating Expenses	7,485	7,338	7,138	6,815	6,686
Operating Income	6,496	5,758	13,644	19,750	3,757
Interest Expense	-1,276	-1,308	-1,265	-1,195	-1,267
Interest & Investment Income	-	376	530	191	14
Earnings From Equity Investments	1,622	1,048	742	655	458
Other Non Operating Income (Expenses)	-	-36	-12	-21	-34
EBT Excluding Unusual Items	6,842	5,838	13,639	19,380	2,928
Gain (Loss) on Sale of Investments	-	91	142	30	1
Gain (Loss) on Sale of Assets	173	28	217	1,061	21
Other Unusual Items	-	-	-9	-2	-133
Pretax Income	7,015	5,957	13,989	20,469	2,817
Income Tax Expense	1,137	890	2,817	4,491	264
Earnings From Continuing Operations	5,878	5,067	11,172	15,978	2,553
Earnings From Discontinued Operations	-	-	-	72	8,448
Net Income to Company	5,878	5,067	11,172	16,050	11,001
Minority Interest in Earnings	-1,831	-1,622	-1,491	-1,534	-1,263
Net Income	4,047	3,445	9,681	14,516	9,738
Preferred Dividends & Other Adjustments	-	3	9	8	2
Net Income to Common	4,047	3,442	9,672	14,508	9,736
Net Income Growth	17.47%	-64.42%	-33.31%	49.07%	-
Shares Outstanding (Basic)	305	340	407	512	634
Shares Outstanding (Diluted)	306	341	409	516	638
Shares Change (YoY)	-10.26%	-16.63%	-20.74%	-19.12%	-1.70%
EPS (Basic)	13.27	10.12	23.76	28.34	15.36
EPS (Diluted)	13.22	10.08	23.63	28.12	15.26
EPS Growth	31.15%	-57.34%	-15.97%	84.25%	-
Free Cash Flow	-	6,132	12,227	13,941	2,896
Free Cash Flow Per Share	-	17.98	29.89	27.02	4.54
Dividend Per Share	3.820	3.470	3.150	2.660	2.320
Dividend Growth	10.09%	10.16%	18.42%	14.66%	-
Gross Margin	10.48%	9.40%	13.91%	14.90%	8.67%
Operating Margin	4.87%	4.13%	9.14%	11.08%	3.12%
Profit Margin	3.03%	2.47%	6.48%	8.14%	8.08%
Free Cash Flow Margin	-	4.40%	8.19%	7.82%	2.40%
EBITDA	9,727	9,095	16,951	22,965	7,121
EBITDA Margin	7.29%	6.53%	11.35%	12.88%	5.91%
D&A For EBITDA	3,231	3,337	3,307	3,215	3,364
EBIT	6,496	5,758	13,644	19,750	3,757
EBIT Margin	4.87%	4.13%	9.14%	11.08%	3.12%
Effective Tax Rate	16.21%	14.94%	20.14%	21.94%	9.37%
Revenue as Reported	135,222	140,412	150,307	179,952	120,930

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.