Marathon Petroleum Corp (MPC) - Net Assets
Based on the latest financial reports, Marathon Petroleum Corp (MPC) has net assets worth $23.43 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($88.19 Billion) and total liabilities ($64.76 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible net worth ratio of Marathon Petroleum Corp to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $23.43 Billion |
| % of Total Assets | 26.57% |
| Annual Growth Rate | 6.01% |
| 5-Year Change | -28.27% |
| 10-Year Change | 13.6% |
| Growth Volatility | 32.39 |
Marathon Petroleum Corp - Net Assets Trend (2008–2025)
This chart illustrates how Marathon Petroleum Corp's net assets have evolved over time, based on quarterly financial data. See how many days can Marathon Petroleum Corp fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Marathon Petroleum Corp (2008–2025)
The table below shows the annual net assets of Marathon Petroleum Corp from 2008 to 2025. For live valuation and market cap data, see Marathon Petroleum Corp market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $24.09 Billion | -1.71% |
| 2024-12-31 | $24.51 Billion | -21.95% |
| 2023-12-31 | $31.40 Billion | -10.51% |
| 2022-12-31 | $35.09 Billion | +4.48% |
| 2021-12-31 | $33.58 Billion | +11.12% |
| 2020-12-31 | $30.22 Billion | -29.90% |
| 2019-12-31 | $43.11 Billion | -4.32% |
| 2018-12-31 | $45.05 Billion | +106.40% |
| 2017-12-31 | $21.83 Billion | +2.95% |
| 2016-12-31 | $21.20 Billion | +7.77% |
| 2015-12-31 | $19.68 Billion | +72.74% |
| 2014-12-31 | $11.39 Billion | +0.51% |
| 2013-12-31 | $11.33 Billion | -6.39% |
| 2012-12-31 | $12.11 Billion | +27.35% |
| 2011-12-31 | $9.51 Billion | +15.30% |
| 2010-12-31 | $8.24 Billion | -10.12% |
| 2009-12-31 | $9.17 Billion | +2.64% |
| 2008-12-31 | $8.94 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marathon Petroleum Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3975100000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $39.75 Billion | 229.59% |
| Common Stock | $10.00 Million | 0.06% |
| Other Comprehensive Income | $-105.00 Million | -0.61% |
| Total Equity | $17.31 Billion | 100.00% |
Marathon Petroleum Corp Competitors by Market Cap
The table below lists competitors of Marathon Petroleum Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CAIXABANK UN.ADR 1/3 DL 1
F:FV9J
|
$73.43 Billion |
|
Monolithic Power Systems Inc
NASDAQ:MPWR
|
$73.63 Billion |
|
O’Reilly Automotive Inc
NASDAQ:ORLY
|
$73.77 Billion |
|
Postal Savings Bank of China Co Ltd
SHG:601658
|
$73.93 Billion |
|
Canadian National Railway Co
TO:CNR
|
$72.92 Billion |
|
General Motors Company
NYSE:GM
|
$72.90 Billion |
|
ING Groep NV
AS:INGA
|
$72.74 Billion |
|
Vale SA ADR
NYSE:VALE
|
$72.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marathon Petroleum Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,745,000,000 to 17,314,000,000, a change of -431,000,000 (-2.4%).
- Net income of 4,047,000,000 contributed positively to equity growth.
- Dividend payments of 1,140,000,000 reduced retained earnings.
- Share repurchases of 3,488,000,000 reduced equity.
- New share issuances of 24,000,000 increased equity.
- Other comprehensive income increased equity by 9,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.05 Billion | +23.37% |
| Dividends Paid | $1.14 Billion | -6.58% |
| Share Repurchases | $3.49 Billion | -20.15% |
| Share Issuances | $24.00 Million | +0.14% |
| Other Comprehensive Income | $9.00 Million | +0.05% |
| Other Changes | $117.00 Million | +0.68% |
| Total Change | $- | -2.43% |
Book Value vs Market Value Analysis
This analysis compares Marathon Petroleum Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.41x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 20.07x to 4.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | $12.48 | $250.47 | x |
| 2009-12-31 | $12.81 | $250.47 | x |
| 2010-12-31 | $11.51 | $250.47 | x |
| 2011-12-31 | $13.31 | $250.47 | x |
| 2012-12-31 | $17.09 | $250.47 | x |
| 2013-12-31 | $17.20 | $250.47 | x |
| 2014-12-31 | $18.73 | $250.47 | x |
| 2015-12-31 | $24.42 | $250.47 | x |
| 2016-12-31 | $25.54 | $250.47 | x |
| 2017-12-31 | $27.41 | $250.47 | x |
| 2018-12-31 | $66.87 | $250.47 | x |
| 2019-12-31 | $50.74 | $250.47 | x |
| 2020-12-31 | $34.20 | $250.47 | x |
| 2021-12-31 | $41.08 | $250.47 | x |
| 2022-12-31 | $53.71 | $250.47 | x |
| 2023-12-31 | $59.67 | $250.47 | x |
| 2024-12-31 | $52.04 | $250.47 | x |
| 2025-12-31 | $56.77 | $250.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marathon Petroleum Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 23.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.05%
- • Asset Turnover: 1.55x
- • Equity Multiplier: 4.94x
- Recent ROE (23.37%) is above the historical average (17.84%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 13.60% | 1.86% | 3.59x | 2.03x | $321.40 Million |
| 2009 | 4.90% | 0.98% | 2.15x | 2.32x | $-468.20 Million |
| 2010 | 7.56% | 1.00% | 2.69x | 2.82x | $-201.40 Million |
| 2011 | 25.13% | 3.04% | 3.05x | 2.71x | $1.44 Billion |
| 2012 | 28.98% | 4.12% | 3.02x | 2.33x | $2.22 Billion |
| 2013 | 19.34% | 2.11% | 3.53x | 2.60x | $1.02 Billion |
| 2014 | 23.48% | 2.58% | 3.22x | 2.83x | $1.45 Billion |
| 2015 | 21.55% | 3.96% | 1.67x | 3.26x | $1.53 Billion |
| 2016 | 8.66% | 1.85% | 1.43x | 3.28x | $-181.70 Million |
| 2017 | 24.46% | 4.59% | 1.52x | 3.50x | $2.03 Billion |
| 2018 | 7.90% | 3.23% | 0.93x | 2.64x | $-737.50 Million |
| 2019 | 7.83% | 2.37% | 1.13x | 2.93x | $-732.40 Million |
| 2020 | -44.26% | -14.08% | 0.82x | 3.84x | $-12.05 Billion |
| 2021 | 37.16% | 8.12% | 1.41x | 3.26x | $7.12 Billion |
| 2022 | 52.38% | 8.18% | 1.97x | 3.24x | $11.74 Billion |
| 2023 | 39.67% | 6.52% | 1.73x | 3.52x | $7.24 Billion |
| 2024 | 19.41% | 2.48% | 1.76x | 4.44x | $1.67 Billion |
| 2025 | 23.37% | 3.05% | 1.55x | 4.94x | $2.32 Billion |
Industry Comparison
This section compares Marathon Petroleum Corp's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $2,691,755,600
- Average return on equity (ROE) among peers: 9.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marathon Petroleum Corp (MPC) | $23.43 Billion | 13.60% | 2.76x | $73.12 Billion |
| ARKO Petroleum Corp. (APC) | $-42.05 Billion | 0.00% | 0.00x | $245.62 Million |
| Crossamerica Partners LP (CAPL) | $94.67 Million | 19.09% | 3.14x | $830.24 Million |
| Clean Energy Fuels Corp (CLNE) | $465.04 Million | -19.28% | 1.50x | $416.22 Million |
| Cosan SA ADR (CSAN) | $48.17 Billion | 2.44% | 1.79x | $3.96 Billion |
| CVR Energy Inc (CVI) | $888.00 Million | 0.79% | 3.80x | $2.87 Billion |
| HF Sinclair Corp (DINO) | $6.51 Billion | 11.87% | 0.87x | $12.00 Billion |
| Delek US Energy Inc (DK) | $41.90 Million | -1.19% | 4.59x | $2.70 Billion |
| Delek Logistics Partners LP (DKL) | $-110.70 Million | 0.00% | 0.00x | $2.67 Billion |
| Delixy Holdings Limited Ordinary Shares (DLXY) | $1.82 Million | 63.12% | 4.72x | $3.23 Million |
| Icahn Enterprises LP (IEP) | $12.90 Billion | 15.80% | 0.81x | $4.41 Billion |
About Marathon Petroleum Corp
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 … Read more