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Marathon Petroleum Corporation (MPC) Fair Value & Analysis

Energy · US · Market cap $78.0B

MP Marathon Petroleum Corporation logo Marathon Petroleum Corporation MPC · US
Price$248.52
Fair Value$135.74
Upside-45.4%
Quality83/100
Evidence: Medium Range $80.06 – $209.24

Fair value as of: Jun 24, 2026

From 25 valuation models · updated 5 days ago

Share price +4.2% over the past month.

Price vs Fair Value (12 months)

$256.18 $149.13 Fair Value $135.74 Jun 2025 Jun 2026

12‑month range $149.13 – $256.18 · fair‑value band $80.06 – $209.24 · the $248.52 price screens above the $135.74 fair value. As of Jun 24, 2026.

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Analysis

Marathon Petroleum Corporation (MPC) currently trades at $248.52, while our model-based Fair Value estimate is $135.74 — implying the stock looks roughly 45.4% overvalued today. We read business quality at 83/100 (high quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Marathon Petroleum Corporation generated revenue of $136B at a net margin of 3.4%. Revenue grew 8.8% year over year. It earns a return on equity of 27.5%. Net debt stands at $30.7B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) $136B
Revenue growth (YoY) +8.8%
Net margin 3.4%
Return on equity 27.5%
Free cash flow $4.8B FY2025
P/E ratio 17.6
More key figures
Operating margin 3.6%
EPS (TTM) $15.20
Dividend yield 1.5%
EPS growth (YoY) +351%
Net debt $30.7B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States. The company operates through three segments: Refining & Marketing; Midstream; and Renewable Diesel. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products through transportation, storage, distribution, and marketing services. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane and petrochemicals. The company sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through l…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Marathon Petroleum Corporation reported revenue of $133B in FY2025 versus $120B in FY2021, a compound +2.6%/yr. Reported net income was $4.0B in FY2025, compounding −19.7%/yr from FY2021.

Revenue +2.6%/yr
FY21 $120B
FY22 $177B
FY23 $148B
FY24 $139B
FY25 $133B
Net income −19.7%/yr
FY21 $9.7B
FY22 $14.5B
FY23 $9.7B
FY24 $3.4B
FY25 $4.0B

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Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

Similar stocks

6 more Oil & Gas Refining & Marketing stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Valero Energy Corporation VLO $257.99 $109.18 -58%
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Frequently asked questions

Is Marathon Petroleum Corporation (MPC) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $135.74 versus a price of $248.52 — about −45% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MPC?
Our 21-model fair value for Marathon Petroleum Corporation is $135.74 (as of Jun 24, 2026), built from audited fundamentals. The current price is $248.52.
What is the quality score of MPC?
Marathon Petroleum Corporation has a Quality Score of 83/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Marathon Petroleum Corporation (MPC)?
Marathon Petroleum Corporation reported trailing-twelve-month revenue of about $136B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of MPC?
The net profit margin of Marathon Petroleum Corporation is about 3.4%, meaning it keeps roughly 3.4% of revenue as net income. Based on the latest reported figures.
Does Marathon Petroleum Corporation pay a dividend?
Marathon Petroleum Corporation currently shows a dividend yield of about 1.46% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.