Marathon Petroleum Corp (MPC)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,445,000 | 4,525,000 | 7,183,000 | 7,894,000 | 9,681,000 | 11,551,000 | 12,746,000 | 16,390,000 | 14,511,000 | 11,964,000 | 8,183,000 | 2,611,000 | 1,290,000 | 476,000 | -1,475,000 | -1,956,000 | -11,032,000 | -10,734,000 | -8,636,000 | -7,715,000 |
| 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 |
| Net profit margin | 2.47% | 3.18% | 4.86% | 5.39% | 6.51% | 7.59% | 8.12% | 9.38% | 8.14% | 6.88% | 5.10% | 1.92% | 1.07% | 0.46% | -1.68% | -2.78% | -15.78% | -13.43% | -9.59% | -7.33% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,445,000K ÷ $139,304,000K
= 2.47%
Marathon Petroleum Corp's net profit margin has shown a fluctuating trend over the periods presented. From March 31, 2020, to June 30, 2022, the company experienced negative net profit margins, indicating that it was not able to convert a significant portion of its revenue into profits. However, starting from September 30, 2022, the net profit margin began to improve, turning positive.
The company's net profit margin increased steadily from September 30, 2022, to March 31, 2024, reflecting enhanced profitability as the company effectively managed its costs and increased revenue generation. The peak net profit margin of 9.38% was achieved on March 31, 2023.
Subsequently, the net profit margin began to decline, albeit remaining positive, from June 30, 2023, to December 31, 2024. The decreasing trend in net profit margin suggests that the company may have faced challenges in maintaining its profit levels relative to revenue during this period.
Overall, Marathon Petroleum Corp's net profit margin improved significantly from negative values to positive figures, reaching a peak at 9.38%. However, the subsequent declines indicate the importance of ongoing cost management and revenue optimization to sustain and enhance profitability in the future.
Peer comparison
Dec 31, 2024