Stock Analysis on Net
Stock Analysis on Net

Marathon Petroleum Corp. (NYSE:MPC)

$22.49

This company has been moved to the archive! The financial data has not been updated since November 5, 2024.

Operating Profit Margin
since 2011

Microsoft Excel

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Calculation

Marathon Petroleum Corp., operating profit margin, long-term trends, calculation

Microsoft Excel
Operating profit margin = 100 × Income (loss) from operations1 ÷ Sales and other operating revenues1
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

1 US$ in millions

The financial data indicates notable fluctuations over the analyzed period in key operational metrics. Income from operations exhibits considerable variability, with initial growth from 2011 to 2012 followed by a decline in 2013 and a moderate recovery through 2014 and 2015. A significant dip is observed in 2016, before a rebound in subsequent years, peaking notably in 2022 before slightly declining in 2023. The sharp negative value in 2020 stands out as an extraordinary downturn compared to other years.

Sales and other operating revenues generally show a growth trend with some volatility. Revenues increased steadily from 2011 through 2013, with a dip in 2015 and 2016, which aligns with the downturn in income from operations during those years. From 2017 onward, sales recovered strongly, achieving a peak in 2022 followed by a decrease in 2023. The year 2020 also reflects a marked revenue decline, corresponding to the negative operating income in the same period.

The operating profit margin reflects these patterns, with values fluctuating between approximately 3.4% and 6.5% in the earlier years, showing improvement in 2012 and 2015. There is a sharp negative margin in 2020, evidencing operational challenges or extraordinary losses. Recovery is notable post-2020, with margins reaching double digits in 2022 and slightly decreasing in 2023 but remaining substantially higher than most prior years.

Income from Operations
Exhibited considerable volatility, with a pronounced drop in 2020, followed by a strong recovery and peak in 2022 before a moderate decline in 2023.
Sales and Other Operating Revenues
Displayed a generally upward trend, interrupted by declines in mid-decade and a significant dip in 2020, with post-2020 recovery leading to historical highs in 2022.
Operating Profit Margin
Margins showed fluctuations reflecting operational performance variability, including a severe negative margin in 2020. The margin improved substantially in 2022 and remained strong in 2023 despite a slight decrease.

Overall, the data suggests a cycle of operational challenges and recovery, with 2020 representing an outlier year of significant adverse impact. Subsequent years indicate strong operational efficiencies and improved profitability relative to revenue, as evidenced by improved margins and income levels despite some recent revenue declines.