Marathon Petroleum Corp (MPC)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,957,000 | 13,989,000 | 20,469,000 | 2,817,000 | -13,612,000 |
| Revenue | US$ in thousands | 140,412,000 | 149,348,000 | 178,236,000 | 120,451,000 | 69,896,000 |
| Pretax margin | 4.24% | 9.37% | 11.48% | 2.34% | -19.47% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $5,957,000K ÷ $140,412,000K
= 4.24%
The pretax margin of Marathon Petroleum Corp has shown fluctuations over the years based on the provided data. In December 2020, the company had a negative pretax margin of -19.47%, indicating that expenses exceeded revenues before taxes. However, there was a significant turnaround by December 2021, with a positive pretax margin of 2.34%, demonstrating improved operational efficiency.
By December 2022, the pretax margin increased further to 11.48%, highlighting stronger profitability before tax expenses. Although there was a slight dip in December 2023 to 9.37%, the company maintained a healthy margin compared to previous years.
In December 2024, the pretax margin decreased to 4.24%, suggesting a potential decrease in profitability before taxes. Overall, Marathon Petroleum Corp's pretax margin has shown variability, with notable improvements in recent years but also highlighting the need for continued monitoring and strategic financial management to maintain or enhance profitability levels.
Peer comparison
Dec 31, 2024