Marathon Petroleum Corp (MPC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 14,514,000 | 21,469,000 | 4,300,000 | -12,247,000 | 4,462,000 |
| Revenue | US$ in thousands | 148,082,000 | 176,526,000 | 119,456,000 | 68,692,000 | 123,949,000 |
| Operating profit margin | 9.80% | 12.16% | 3.60% | -17.83% | 3.60% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $14,514,000K ÷ $148,082,000K
= 9.80%
The operating profit margin of Marathon Petroleum Corp has varied significantly over the past five years. In 2023, the operating profit margin stood at 9.08%, declining from 11.08% in 2022. This indicates a decrease in the company's ability to generate profits from its core operations in the most recent year.
Comparing the current operating profit margin to previous years, there has been notable volatility. In 2021, the operating profit margin was 3.17%, reflecting a significant improvement from the negative figure of -3.70% in 2020. The sharp increase in 2021 suggests a positive trend in the company's operational efficiency and profitability.
Looking further back, in 2019, the operating profit margin was 4.89%, indicating a moderate level of profitability compared to the more recent years. Overall, the fluctuation in Marathon Petroleum Corp's operating profit margin over the past five years suggests varying levels of efficiency in generating profits from its core business activities.
Peer comparison
Dec 31, 2023