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MPLX Valuation Multiples
Discover revenue and EBITDA valuation multiples for MPLX and similar public comparables like E.ON, Marathon Petroleum, Sempra, Imperial Oil and more.
MPLX Overview
About MPLX
MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. The asset base is made up of crude oil and refined products assets dropped down from Marathon Petroleum, its sponsor, and natural gas and natural gas liquids gathering and processing assets that were purchased or built.
Founded
2012
HQ

Employees
5.6K
Website
Financials (LTM)
EV
$84B
MPLX Financials
MPLX reported last 12-month revenue of $13B and EBITDA of $7B.
In the same LTM period, MPLX generated $8B in gross profit, $7B in EBITDA, and $5B in net income.
Revenue (LTM)
MPLX P&L
In the most recent fiscal year, MPLX reported revenue of $13B and EBITDA of $7B.
MPLX expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $13B | XXX | $13B | XXX | XXX | XXX |
| Gross Profit | $8B | XXX | $5B | XXX | XXX | XXX |
| Gross Margin | 60% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $7B | XXX | $7B | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 56% | XXX | XXX | XXX |
| EBIT Margin | 45% | XXX | 45% | XXX | XXX | XXX |
| Net Profit | $5B | XXX | $5B | XXX | XXX | XXX |
| Net Margin | 37% | XXX | 38% | XXX | XXX | XXX |
| Net Debt | — | — | $24B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
MPLX Stock Performance
MPLX has current market cap of $60B, and enterprise value of $84B.
Market Cap Evolution
MPLX's stock price is $58.94.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $84B | $60B | 0.0% | XXX | XXX | XXX | $4.84 |
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Start Free TrialMPLX Valuation Multiples
MPLX trades at 6.5x EV/Revenue multiple, and 11.8x EV/EBITDA.
EV / Revenue (LTM)
MPLX Financial Valuation Multiples
As of March 30, 2026, MPLX has market cap of $60B and EV of $84B.
Equity research analysts estimate MPLX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
MPLX has a P/E ratio of 12.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $60B | XXX | $60B | XXX | XXX | XXX |
| EV (current) | $84B | XXX | $84B | XXX | XXX | XXX |
| EV/Revenue | 6.5x | XXX | 6.5x | XXX | XXX | XXX |
| EV/EBITDA | 11.8x | XXX | 11.5x | XXX | XXX | XXX |
| EV/EBIT | 14.5x | XXX | 14.5x | XXX | XXX | XXX |
| EV/Gross Profit | 10.8x | XXX | 16.8x | XXX | XXX | XXX |
| P/E | 12.3x | XXX | 12.2x | XXX | XXX | XXX |
| EV/FCF | 21.7x | XXX | 20.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified MPLX 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.


MPLX Margins & Growth Rates
MPLX's revenue in the last 12 month grew by 2%.
MPLX's revenue per employee in the last FY averaged $2.3M, while opex per employee averaged $0.0M for the same period.
MPLX's rule of 40 is 70% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
MPLX's rule of X is 91% (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).
MPLX Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | 55% | XXX | 56% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 1% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 70% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 91% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 2% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
MPLX Public Comps
See public comps and valuation multiples for other Energy Services and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| E.ON | XXX | XXX | XXX | XXX | XXX | XXX |
| Marathon Petroleum | XXX | XXX | XXX | XXX | XXX | XXX |
| Sempra | XXX | XXX | XXX | XXX | XXX | XXX |
| Imperial Oil | XXX | XXX | XXX | XXX | XXX | XXX |
| Baker Hughes | 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.
MPLX M&A Activity
MPLX acquired XXX companies to date.
Last acquisition by MPLX was on XXXXXXXX, XXXXX. MPLX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by MPLX
| 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 TrialMPLX Investment Activity
MPLX invested in XXX companies to date.
MPLX made its latest investment on XXXXXXXX, XXXXX. MPLX invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by MPLX
| 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 MPLX
| When was MPLX founded? | MPLX was founded in 2012. |
| Where is MPLX headquartered? | MPLX is headquartered in United States. |
| How many employees does MPLX have? | As of today, MPLX has over 5K employees. |
| Who is the CEO of MPLX? | MPLX's CEO is Maryann T. Mannen. |
| Is MPLX publicly listed? | Yes, MPLX is a public company listed on NYSE. |
| What is the stock symbol of MPLX? | MPLX trades under MPLX ticker. |
| When did MPLX go public? | MPLX went public in 2012. |
| Who are competitors of MPLX? | MPLX main competitors are E.ON, Marathon Petroleum, Sempra, Imperial Oil. |
| What is the current market cap of MPLX? | MPLX's current market cap is $60B. |
| What is the current revenue of MPLX? | MPLX's last 12 months revenue is $13B. |
| What is the current revenue growth of MPLX? | MPLX revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of MPLX? | Current revenue multiple of MPLX is 6.5x. |
| Is MPLX profitable? | Yes, MPLX is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of MPLX? | MPLX's last 12 months EBITDA is $7B. |
| What is MPLX's EBITDA margin? | MPLX's last 12 months EBITDA margin is 55%. |
| What is the current EV/EBITDA multiple of MPLX? | Current EBITDA multiple of MPLX is 11.8x. |
| What is the current FCF of MPLX? | MPLX's last 12 months FCF is $4B. |
| What is MPLX's FCF margin? | MPLX's last 12 months FCF margin is 30%. |
| What is the current EV/FCF multiple of MPLX? | Current FCF multiple of MPLX is 21.7x. |
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