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.
Peer comparison
Dec 31, 2023