Marathon Petroleum
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
9.8710.789.049.33
Price/Sales ratio
0.730.750.370.31
Earnings per Share (EPS)
$16.72$15.32$18.25$17.7

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
10.269.8422.739.8414.5121.69-2.4331.494.106.239.9221.69
Price/Sales ratio
0.280.430.420.450.350.350.380.330.330.400.300.35
Price/Book Value ratio
2.271.421.962.400.861.171.201.542.152.472.370.86
Price/Cash Flow ratio
8.326.896.645.104.964.2011.099.303.644.275.924.96
Price/Free Cash Flow ratio
15.8913.5223.728.7010.268.57-72.9414.004.274.938.188.57
Price/Earnings Growth ratio
0.320.50-0.390.04-0.36-0.680.00-0.280.00-0.380.21-0.36
Dividend Yield
2.02%2.18%2.69%2.28%3.12%3.52%5.62%3.65%2.14%2.08%2.49%3.52%
Profitability Indicator Ratios
Gross Profit Margin
7.64%12.73%10.55%10.61%10.70%10.82%5.95%8.66%14.90%13.91%8.05%10.82%
Operating Profit Margin
4.27%7.40%4.18%4.86%5.30%4.55%-3.71%3.11%11.08%9.71%5.21%5.21%
Pretax Profit Margin
4.20%6.78%2.86%4.45%4.28%2.90%-19.47%2.33%11.48%9.36%5.16%4.28%
Net Profit Margin
2.76%4.42%1.84%4.57%2.44%1.64%-15.78%1.06%8.14%6.48%3.18%2.44%
Effective Tax Rate
33.37%34.43%33.42%13.75%20.66%24.24%-17.85%9.37%21.94%20.13%16.14%24.24%
Return on Assets
8.28%6.61%2.64%6.99%2.26%1.85%-12.95%1.50%16.14%11.25%5.66%2.26%
Return On Equity
22.15%14.49%8.65%24.45%5.98%5.43%-49.69%4.91%52.37%39.66%20.66%5.98%
Return on Capital Employed
17.83%12.97%7.14%9.47%5.73%6.14%-3.74%5.56%28.26%22.04%12.62%5.73%
Liquidity Ratios
Current Ratio
1.321.491.451.271.361.241.80N/AN/AN/A1.231.24
Quick Ratio
0.660.660.660.740.610.611.291.251.311.130.760.61
Cash ratio
0.170.170.120.280.120.090.030.290.430.270.180.12
Days of Sales Outstanding
16.2316.5720.7822.8324.7523.7230.0733.4327.5928.3926.1324.75
Days of Inventory outstanding
24.4333.8936.3330.1946.6037.6744.4126.7221.2426.4527.6037.67
Operating Cycle
40.6650.4657.1253.0271.3661.4074.4960.1648.8454.8453.7361.40
Days of Payables Outstanding
28.8430.7735.9345.1444.3741.2743.3245.4536.8439.0635.6341.27
Cash Conversion Cycle
11.8119.6921.187.8826.9920.1231.1614.7011.9915.7718.1020.12
Debt Ratios
Debt Ratio
0.210.270.230.260.290.290.360.290.290.310.350.29
Debt Equity Ratio
0.580.600.770.920.780.851.410.970.961.121.510.78
Long-term Debt to Capitalization
0.360.370.430.460.430.450.550.480.470.500.550.43
Total Debt to Capitalization
0.360.370.430.470.430.460.580.490.480.520.600.43
Interest Coverage Ratio
19.1915.964.945.845.474.90-1.94N/AN/AN/A5.575.47
Cash Flow to Debt Ratio
0.460.340.370.510.220.320.070.170.610.510.260.22
Company Equity Multiplier
2.672.193.273.492.642.923.833.253.243.524.212.64
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.030.060.060.080.070.080.030.030.090.090.050.08
Free Cash Flow / Operating Cash Flow Ratio
0.520.500.280.580.480.49-0.150.660.850.860.700.48
Cash Flow Coverage Ratio
0.460.340.370.510.220.320.070.170.610.510.260.22
Short Term Coverage Ratio
115.18140.44143.4610.5911.3113.410.724.3211.405.861.6213.41
Dividend Payout Ratio
20.76%21.49%61.24%22.52%45.29%76.39%-13.68%115.21%8.81%13.02%25.92%76.39%