Marathon Petroleum Corp (MPC)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	9,681,000	11,551,000	12,748,000	16,395,000	14,516,000	11,969,000	8,186,000	10,825,000	9,738,000	9,249,000	7,669,000	-834,000	-9,826,000	-9,668,000	-7,687,000	-6,590,000	2,637,000	3,145,000	2,787,000	2,736,000
Revenue (ttm)	US$ in thousands	112,014,000	149,401,000	155,477,000	172,956,000	176,332,000	174,030,000	159,303,000	134,956,000	119,445,000	102,060,000	86,991,000	72,416,000	75,044,000	88,164,000	102,095,000	120,790,000	123,949,000	125,190,000	117,135,000	105,905,000
Net profit margin		8.64%	7.73%	8.20%	9.48%	8.23%	6.88%	5.14%	8.02%	8.15%	9.06%	8.82%	-1.15%	-13.09%	-10.97%	-7.53%	-5.46%	2.13%	2.51%	2.38%	2.58%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $9,681,000K ÷ $112,014,000K
= 8.64%

The net profit margin of Marathon Petroleum Corp has shown some fluctuations over the past eight quarters. It ranged from a low of 5.11% in Q2 2022 to a high of 9.37% in Q1 2023. The net profit margin measures the percentage of revenue that translates into profit after all expenses have been deducted. A higher net profit margin indicates better profitability and efficiency in managing costs.

The company experienced an upward trend in net profit margin from Q2 2022 to Q1 2023, reaching the highest point at 9.37%. However, in the most recent quarter, Q4 2023, the net profit margin decreased to 6.48%, reflecting a decrease in profitability compared to the previous quarter.

It would be important for stakeholders to further investigate the reasons behind the fluctuations in the net profit margin to understand the company's performance and profitability sustainability over time.