Marathon Petroleum Corp (MPC)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	3,445,000	9,681,000	14,516,000	1,288,000	-11,032,000
Revenue	US$ in thousands	140,412,000	149,348,000	178,236,000	120,451,000	69,896,000
Net profit margin		2.45%	6.48%	8.14%	1.07%	-15.78%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $3,445,000K ÷ $140,412,000K
= 2.45%

Based on the provided data, Marathon Petroleum Corp's net profit margin has shown fluctuating performance over the years. The net profit margin was notably negative at -15.78% as of December 31, 2020, indicating that the company's expenses exceeded its revenue during that period.

However, there was a significant improvement in profitability by December 31, 2022, where the net profit margin increased to 8.14%. This suggests that the company was able to effectively manage its costs and generate a higher level of profit relative to its revenue during that year.

Subsequently, the net profit margin decreased to 6.48% by December 31, 2023, and further dropped to 2.45% by December 31, 2024. These declines may indicate increased expenses, pricing pressures, or other factors impacting profitability.

Overall, Marathon Petroleum Corp's net profit margin has shown variability, with a notable improvement in 2022 followed by a decrease in the following years. It is essential for the company to continue monitoring its operational efficiency, cost management, and revenue generation strategies to maintain and enhance its profitability in the future.