Marathon Petroleum Corp (MPC)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	9,681,000	14,516,000	9,738,000	-9,826,000	2,637,000
Revenue	US$ in thousands	148,082,000	176,526,000	119,456,000	68,692,000	123,949,000
Net profit margin		6.54%	8.22%	8.15%	-14.30%	2.13%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $9,681,000K ÷ $148,082,000K
= 6.54%

The net profit margin of Marathon Petroleum Corp has shown fluctuations over the past five years. In 2023, the net profit margin was 6.48%, which decreased from the previous year's 8.14% in 2022. However, in comparison to the challenging year of 2020 when the net profit margin was negative at -14.06%, the company has shown improvement. The performance in 2021 and 2019 was relatively stable with net profit margins of 8.08% and 2.12%, respectively. Further analysis of the company's financial performance and operating efficiency would be necessary to understand the factors contributing to the fluctuations in the net profit margin.