Marathon Petroleum Corp (MPC)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 12.39% | 11.07% | 12.10% | 13.76% | 12.19% | 11.88% | 9.55% | 5.89% | 5.38% | 21.84% | 22.23% | 24.96% | 14.53% | 27.25% | 27.25% | 25.12% | 30.92% | 31.60% | 33.04% | 35.95% |
| Operating profit margin | 12.96% | 11.28% | 12.09% | 13.77% | 12.18% | 10.63% | 8.26% | 4.30% | 3.60% | 2.85% | 0.59% | 0.17% | -16.32% | -13.70% | -9.15% | -6.80% | 3.60% | 4.73% | 4.82% | 5.34% |
| Pretax margin | 11.16% | 10.00% | 10.65% | 12.39% | 10.78% | 9.03% | 6.59% | 8.40% | 8.37% | 8.89% | 8.14% | -1.77% | -16.33% | -13.29% | -8.86% | -6.42% | 2.85% | 3.27% | 3.16% | 3.38% |
| 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% |
Marathon Petroleum Corp's profitability ratios have exhibited some fluctuations over the past eight quarters. The gross profit margin, which reflects the company's ability to control production costs, has shown a decreasing trend from Q1 2022 to Q4 2023. This could indicate challenges in managing direct costs related to production.
The operating profit margin, which indicates the company's efficiency in managing both production and operating costs, has also observed fluctuations, with a general trend of increase from Q1 2022 to Q4 2023. This suggests that the company has been progressively better at controlling its operating expenses and generating operating profits.
The pretax margin, which represents the proportion of income before taxes in relation to total revenue, has shown a similar fluctuating pattern as the operating profit margin. The increase in the pretax margin over the quarters indicates improvements in the company's overall profitability before accounting for taxes.
The net profit margin, which signifies the company's profitability after accounting for all expenses including taxes, has shown a mixed trend, with notable peaks and dips. Despite this inconsistency, the net profit margin generally trended upwards from Q1 2022 to Q4 2023, indicating an improvement in the company's bottom-line profitability.
Overall, Marathon Petroleum Corp's profitability ratios reflect a mix of challenges and improvements in managing costs and generating profits over the observed quarters. The company may need to focus on sustaining and enhancing its profitability margins through effective cost management and revenue generation strategies.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 16.88% | 18.74% | 21.74% | 27.36% | 23.88% | 20.63% | 13.61% | 6.38% | 5.04% | 3.26% | 0.55% | 0.14% | -14.38% | -14.38% | -11.04% | -9.52% | 4.53% | 6.03% | 5.82% | 5.87% |
| Return on assets (ROA) | 11.26% | 12.84% | 14.75% | 18.84% | 16.15% | 13.34% | 8.46% | 11.90% | 11.41% | 10.36% | 8.13% | -0.96% | -11.54% | -11.51% | -9.09% | -7.63% | 2.68% | 3.20% | 2.88% | 2.84% |
| Return on total capital | 28.24% | 31.95% | 35.71% | 44.30% | 39.75% | 35.18% | 25.02% | 11.54% | 8.38% | 5.28% | 0.91% | 0.23% | -22.98% | -22.43% | -16.88% | -14.92% | 7.20% | 9.54% | 9.09% | 9.19% |
| Return on equity (ROE) | 39.67% | 44.66% | 49.58% | 61.04% | 52.38% | 45.50% | 31.12% | 45.16% | 37.16% | 32.71% | 26.52% | -3.86% | -44.26% | -43.06% | -32.38% | -27.36% | 7.83% | 9.32% | 8.15% | 8.06% |
Marathon Petroleum Corp's profitability ratios show a generally positive trend over the past eight quarters. The Operating Return on Assets (Operating ROA) has consistently improved from 5.82% in Q1 2022 to 25.38% in Q1 2023, indicating the company's ability to generate operating income relative to its total assets has been increasing.
The Return on Assets (ROA) also displays a positive trend, with an increase from 8.46% in Q2 2022 to 18.82% in Q1 2023. This metric reflects the company's overall efficiency in generating profits from its assets.
Moreover, the Return on Total Capital has shown significant growth, reaching 41.99% in Q1 2023 from 11.44% in Q1 2022. This suggests that Marathon Petroleum Corp is effectively utilizing both debt and equity capital to generate returns for its investors.
Lastly, the Return on Equity (ROE) demonstrates a strong performance, escalating from 31.10% in Q1 2022 to 61.00% in Q1 2023. This indicates the company's ability to generate profit from the shareholders' equity investment.
Overall, Marathon Petroleum Corp's profitability ratios reflect an improving financial performance and efficient use of assets and capital to generate returns for its shareholders.
See also:
Marathon Petroleum Corp Profitability Ratios (Quarterly Data)