Marathon Petroleum Corp (MPC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 14,172,000 | 20,782,000 | 26,565,000 | 10,443,000 | 4,163,000 |
| Revenue | US$ in thousands | 140,412,000 | 149,348,000 | 178,236,000 | 120,451,000 | 69,896,000 |
| Gross profit margin | 10.09% | 13.92% | 14.90% | 8.67% | 5.96% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $14,172,000K ÷ $140,412,000K
= 10.09%
Based on the data provided, Marathon Petroleum Corp has shown a fluctuating trend in its gross profit margin over the past five years.
The gross profit margin stood at 5.96% as of December 31, 2020, reflecting the company's ability to generate profit after accounting for the cost of goods sold. Over the following years, there was a significant increase in the gross profit margin to 8.67% by December 31, 2021, and a substantial jump to 14.90% by December 31, 2022.
However, the gross profit margin saw a slight decrease to 13.92% by December 31, 2023, and a further decline to 10.09% by December 31, 2024. This downward trend may indicate potential challenges in managing production costs or pricing strategies that impact the company's profitability.
Overall, Marathon Petroleum Corp's gross profit margin analysis suggests a mix of positive and negative performance indicators, which may require further investigation and strategic adjustments to maintain or improve profitability in the future.
Peer comparison
Dec 31, 2024