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- Marathon Petroleum
Marathon Petroleum Valuation Multiples
Discover revenue and EBITDA valuation multiples for Marathon Petroleum and similar public comparables like MPLX, Baker Hughes, Phillips 66, Energy Transfer and more.
Marathon Petroleum Overview
About Marathon Petroleum
Marathon Petroleum is an independent refiner with 13 refineries in the mid continent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility has the ability to produce 730 million gallons a year of renewable diesel. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.
Founded
2009
HQ

Employees
18.3K
Website
Sectors
Financials (LTM)
EV
$93B
Marathon Petroleum Financials
Marathon Petroleum reported last 12-month revenue of $135B and EBITDA of $12B.
In the same LTM period, Marathon Petroleum generated $19B in gross profit, $12B in EBITDA, and $4B in net income.
Revenue (LTM)
Marathon Petroleum P&L
In the most recent fiscal year, Marathon Petroleum reported revenue of $135B and EBITDA of $12B.
Marathon Petroleum expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $135B | XXX | $135B | XXX | XXX | XXX |
| Gross Profit | $19B | XXX | $10B | XXX | XXX | XXX |
| Gross Margin | 14% | XXX | 7% | XXX | XXX | XXX |
| EBITDA | $12B | XXX | $12B | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Net Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | — | — | $29B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Marathon Petroleum Stock Performance
Marathon Petroleum has current market cap of $62B, and enterprise value of $93B.
Market Cap Evolution
Marathon Petroleum's stock price is $209.82.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $93B | $62B | 0.0% | XXX | XXX | XXX | $13.72 |
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Start Free TrialMarathon Petroleum Valuation Multiples
Marathon Petroleum trades at 0.7x EV/Revenue multiple, and 7.7x EV/EBITDA.
EV / Revenue (LTM)
Marathon Petroleum Financial Valuation Multiples
As of March 25, 2026, Marathon Petroleum has market cap of $62B and EV of $93B.
Equity research analysts estimate Marathon Petroleum's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Marathon Petroleum has a P/E ratio of 17.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $62B | XXX | $62B | XXX | XXX | XXX |
| EV (current) | $93B | XXX | $93B | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 7.7x | XXX | 7.9x | XXX | XXX | XXX |
| EV/EBIT | 10.9x | XXX | 11.2x | XXX | XXX | XXX |
| EV/Gross Profit | 5.0x | XXX | 9.3x | XXX | XXX | XXX |
| P/E | 17.1x | XXX | 15.3x | XXX | XXX | XXX |
| EV/FCF | 24.3x | XXX | 19.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Marathon Petroleum Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Marathon Petroleum Margins & Growth Rates
Marathon Petroleum's revenue in the last 12 month grew by 1%.
Marathon Petroleum's revenue per employee in the last FY averaged $7.4M.
Marathon Petroleum's rule of 40 is 10% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Marathon Petroleum's rule of X is 10% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Marathon Petroleum Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 10% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 10% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $7.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 2% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Marathon Petroleum Public Comps
See public comps and valuation multiples for other Oil & Gas and Energy Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| MPLX | XXX | XXX | XXX | XXX | XXX | XXX |
| Baker Hughes | XXX | XXX | XXX | XXX | XXX | XXX |
| Phillips 66 | XXX | XXX | XXX | XXX | XXX | XXX |
| Energy Transfer | XXX | XXX | XXX | XXX | XXX | XXX |
| Valero Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Marathon Petroleum M&A Activity
Marathon Petroleum acquired XXX companies to date.
Last acquisition by Marathon Petroleum was on XXXXXXXX, XXXXX. Marathon Petroleum acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Marathon Petroleum
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMarathon Petroleum Investment Activity
Marathon Petroleum invested in XXX companies to date.
Marathon Petroleum made its latest investment on XXXXXXXX, XXXXX. Marathon Petroleum invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Marathon Petroleum
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Marathon Petroleum
| When was Marathon Petroleum founded? | Marathon Petroleum was founded in 2009. |
| Where is Marathon Petroleum headquartered? | Marathon Petroleum is headquartered in United States. |
| How many employees does Marathon Petroleum have? | As of today, Marathon Petroleum has over 18K employees. |
| Who is the CEO of Marathon Petroleum? | Marathon Petroleum's CEO is Maryann T. Mannen. |
| Is Marathon Petroleum publicly listed? | Yes, Marathon Petroleum is a public company listed on NYSE. |
| What is the stock symbol of Marathon Petroleum? | Marathon Petroleum trades under MPC ticker. |
| When did Marathon Petroleum go public? | Marathon Petroleum went public in 2011. |
| Who are competitors of Marathon Petroleum? | Marathon Petroleum main competitors are MPLX, Baker Hughes, Phillips 66, Energy Transfer. |
| What is the current market cap of Marathon Petroleum? | Marathon Petroleum's current market cap is $62B. |
| What is the current revenue of Marathon Petroleum? | Marathon Petroleum's last 12 months revenue is $135B. |
| What is the current revenue growth of Marathon Petroleum? | Marathon Petroleum revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Marathon Petroleum? | Current revenue multiple of Marathon Petroleum is 0.7x. |
| Is Marathon Petroleum profitable? | Yes, Marathon Petroleum is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Marathon Petroleum? | Marathon Petroleum's last 12 months EBITDA is $12B. |
| What is Marathon Petroleum's EBITDA margin? | Marathon Petroleum's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Marathon Petroleum? | Current EBITDA multiple of Marathon Petroleum is 7.7x. |
| What is the current FCF of Marathon Petroleum? | Marathon Petroleum's last 12 months FCF is $4B. |
| What is Marathon Petroleum's FCF margin? | Marathon Petroleum's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Marathon Petroleum? | Current FCF multiple of Marathon Petroleum is 24.3x. |
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