MPLX LP
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
11.5311.0210.049.54
Price/Sales ratio
4.124.153.783.57
Earnings per Share (EPS)
$4.31$4.51$4.95$5.21

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
44.8324.4549.1817.1912.6822.32-33.129.878.409.3511.1222.32
Price/Sales ratio
10.455.714.483.693.792.672.753.173.143.444.433.79
Price/Book Value ratio
11.720.411.111.363.351.381.742.522.642.753.513.35
Price/Cash Flow ratio
22.0315.968.897.168.155.655.036.186.606.818.408.15
Price/Free Cash Flow ratio
32.33-152.60139.7427.5325.4213.776.816.937.878.2410.2013.77
Price/Earnings Growth ratio
0.94-0.71-0.490.000.10-0.390.20-0.010.274.38-0.16-0.39
Dividend Yield
1.89%3.59%8.49%23.64%26.02%13.17%13.21%11.75%9.18%8.96%7.38%13.17%
Profitability Indicator Ratios
Gross Profit Margin
43.66%42.66%32.82%35.49%41.45%42.42%43.57%42.34%40.68%45.13%45.36%41.45%
Operating Profit Margin
35.24%30.83%19.83%32.26%41.17%27.55%12.56%28.68%34.92%45.87%44.33%41.17%
Pretax Profit Margin
34.22%23.80%9.62%22.67%30.30%16.95%-8.30%32.51%37.81%37.23%40.37%30.30%
Net Profit Margin
23.32%23.35%9.11%21.51%29.90%11.97%-8.33%32.13%37.41%36.77%39.87%29.90%
Effective Tax Rate
-0.05%1.25%-4.87%0.11%0.43%25.99%-0.29%0.03%0.20%0.27%0.31%25.99%
Return on Assets
9.98%0.99%1.39%4.07%7.98%2.55%-1.88%8.66%11.05%10.75%11.29%7.98%
Return On Equity
26.15%1.68%2.25%7.96%26.48%6.21%-5.27%25.53%31.43%29.42%32.31%26.48%
Return on Capital Employed
16.45%1.36%3.18%6.54%11.59%6.20%3.01%8.54%11.06%14.45%14.12%11.59%
Liquidity Ratios
Current Ratio
0.960.771.050.420.750.690.72N/AN/AN/A0.980.75
Quick Ratio
0.840.690.970.370.690.640.660.400.731.000.940.69
Cash ratio
0.270.070.330.000.050.000.000.000.090.390.560.05
Days of Sales Outstanding
35.79229.4977.2544.6971.3954.1251.5250.1651.2153.3752.5054.12
Days of Inventory outstanding
14.5746.6911.479.967.898.089.259.388.649.9010.467.89
Operating Cycle
50.36276.1888.7354.6679.2862.2160.7759.5559.8563.2862.9762.97
Days of Payables Outstanding
17.44138.1843.1523.1471.9917.7811.9211.3713.079.527.3417.78
Cash Conversion Cycle
32.92138.0045.5831.517.2944.4248.8548.1846.7753.7555.627.29
Debt Ratios
Debt Ratio
0.530.330.260.370.610.480.550.520.550.550.580.58
Debt Equity Ratio
1.390.560.420.732.021.181.541.541.571.531.621.62
Long-term Debt to Capitalization
0.580.360.290.410.660.540.590.590.590.590.580.54
Total Debt to Capitalization
0.580.360.290.420.660.540.600.600.610.600.610.61
Interest Coverage Ratio
44.705.883.363.734.193.804.01N/AN/AN/A5.164.19
Cash Flow to Debt Ratio
0.380.040.290.260.200.200.220.260.250.260.250.20
Company Equity Multiplier
2.611.691.611.953.312.432.792.942.842.732.792.43
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.470.350.500.510.460.470.540.510.470.500.520.46
Free Cash Flow / Operating Cash Flow Ratio
0.68-0.100.060.260.320.410.730.890.830.820.820.32
Cash Flow Coverage Ratio
0.380.040.290.260.200.200.220.260.250.260.250.20
Short Term Coverage Ratio
308.5N/AN/A4.925.50453.555.919.845.074.751.85453.55
Dividend Payout Ratio
84.99%87.82%418.02%406.67%330.08%294.19%-437.55%116.11%77.25%83.91%80.42%294.19%