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DWarning

Marathon Petroleum Corporation(MPC)

D

Financial data as of Dec 31, 2025Improving · Energy

FCF Margin3.6%Free Cash Flow / Revenue
Cash Conversion203.9%Operating CF / Net Income
Free Cash Flow$4.8B
Revenue$132.7B
Net Cash-$30.7BNet debt position
Debt / FCF7.2xElevated debt burden
Current Ratio1.26Adequate short-term liquidity
YoY FCF Growth+35.1%4 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseD
→
-1High debt-to-FCF ratio (7.2x)
→
+1Strong YoY FCF growth (35.1% YoY)
→
-0.5Highly volatile FCF (consistency: 0.81)
→
FinalD

Analysis Summary

Strengths

  • Excellent cash conversion (204%)
  • Strong YoY FCF growth (+35.1%)

Concerns

  • Low FCF margin (3.6%)
  • Heavy debt position ($30.7B net debt, 7.2x FCF)
  • High debt-to-FCF ratio (7.2x)
  • Highly volatile quarterly FCF

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin3.6%
Net Margin3.0%
Operating CF Margin6.2%
CapEx Ratio2.6%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$30.7BNet debt position
Debt / FCF7.2xElevated debt burden
Current Ratio1.26Adequate liquidity
Debt / Equity1.98Moderate leverage

Quarterly FCF Trend

+35.1% YoYImproving (+35.1%)

Free cash flow per quarter

Sector Comparison — Energy

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameMarathon Petroleum Corporation
SectorEnergy
Free Cash Flow$4.8B
Revenue$132.7B
Net Income$4.0B
Operating Cash Flow$8.3B
Capital Expenditure$3.5B
FCF Margin3.6%
Cash Conversion Rate203.9%
Net Margin3.0%
Total Debt$34.4B
Total Cash$3.7B
Net Cash-$30.7B
Current Ratio1.26
Debt / Equity1.98
Debt / FCF7.2x
YoY FCF Growth+35.1%
Positive Quarters4 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeD
Data SourceYahoo Finance