Marathon Petroleum Corp (MPC)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 5,957,000 | 7,345,000 | 10,852,000 | 11,687,000 | 13,989,000 | 16,258,000 | 18,069,000 | 22,922,000 | 20,469,000 | 17,264,000 | 11,830,000 | 4,407,000 | 2,817,000 | 1,526,000 | -902,000 | -1,261,000 | -13,612,000 | -13,408,000 | -10,624,000 | -9,617,000 |
| 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 |
| Pretax margin | 4.28% | 5.17% | 7.34% | 7.98% | 9.41% | 10.68% | 11.51% | 13.11% | 11.48% | 9.93% | 7.37% | 3.24% | 2.34% | 1.48% | -1.03% | -1.79% | -19.47% | -16.78% | -11.80% | -9.14% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $5,957,000K ÷ $139,304,000K
= 4.28%
The pretax margin of Marathon Petroleum Corp has shown a notable improvement over the recent quarters. Starting from negative margins in 2020 and early 2021, the company managed to turn around its profitability, with a sharp increase in the pretax margin reaching 11.48% by the end of December 2022.
However, in the following periods until December 2024, the pretax margin experienced a slight decline, dropping to 4.28%. This downward trend suggests that the company's profitability may have been impacted by various factors such as changes in operating expenses, revenue fluctuations, or perhaps changes in tax liabilities.
It is important for investors and stakeholders to monitor these fluctuations in the pretax margin closely, as it indicates the company's ability to generate earnings before taxes relative to its total revenue. Continued analysis and understanding of the underlying reasons behind these changes are crucial for assessing the financial health and performance of Marathon Petroleum Corp.
Peer comparison
Dec 31, 2024