Marathon Petroleum Corp (MPC)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	11,353,000	11,445,000	13,312,000	14,218,000	16,702,000	20,045,000	21,121,000	27,316,000	25,862,000	22,773,000	19,529,000	12,055,000	10,443,000	9,178,000	7,537,000	7,167,000	4,163,000	5,614,000	7,564,000	8,419,000
Revenue (ttm)	US$ in thousands	139,304,000	142,172,000	147,831,000	146,457,000	148,615,000	152,199,000	156,954,000	174,807,000	178,327,000	173,847,000	160,551,000	136,047,000	120,451,000	103,033,000	87,972,000	70,457,000	69,896,000	79,918,000	90,070,000	105,214,000
Gross profit margin		8.15%	8.05%	9.00%	9.71%	11.24%	13.17%	13.46%	15.63%	14.50%	13.10%	12.16%	8.86%	8.67%	8.91%	8.57%	10.17%	5.96%	7.02%	8.40%	8.00%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,353,000K ÷ $139,304,000K
= 8.15%

Marathon Petroleum Corp's gross profit margin has shown fluctuations over the analyzed period, ranging from a low of 5.96% in December 31, 2020, to a high of 15.63% in March 31, 2023. The trend indicates a general improvement in the company's ability to generate profit from its core operations, with marked increases in the later quarters of 2022 and early 2023.

The gross profit margin reached a peak of 15.63% in March 31, 2023, reflecting efficient cost management and strong revenue generation. However, the margin declined in the subsequent quarters, stabilizing at around 8-9% towards the end of 2024.

Overall, the company's gross profit margin demonstrates variability but also a trend towards improvement and stabilization, indicating potential strengths in managing costs and generating revenue from its primary business activities.