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.

Return on Equity (ROE)
since 2011

Microsoft Excel

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Calculation

Marathon Petroleum Corp., ROE, long-term trends, calculation

Microsoft Excel

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 exhibits notable fluctuations in net income attributable to MPC over the observed thirteen-year period. Net income showed a general upward trend from 2011 to 2015, increasing from 2,389 million US dollars to 2,852 million US dollars, with some variability in between. A sharp decline is evident in 2016, where net income fell significantly to 1,174 million US dollars, followed by a recovery and substantial increase peaking at 9,738 million US dollars in 2021. The year 2020 marks a severe anomaly with a large net loss of 9,826 million US dollars, deviating markedly from the otherwise positive earnings trend.

Total stockholders’ equity increased steadily from 2011 through 2017, advancing from 9,505 million US dollars to 14,033 million US dollars. A striking increase is observed in 2018, where equity more than doubles to 35,175 million US dollars. After 2018, a moderate decline and stabilization occur, with equity settling around the 24,000 to 28,000 million US dollars range in the following years.

Return on equity (ROE) follows a pattern consistent with net income fluctuations. ROE is strong and positive from 2011 through 2015, peaking at nearly 29% in 2012. A considerable drop in ROE happens in 2016, aligning with the decline in net income that year, reaching a low of approximately 8.66%. Following recovery post-2016, ROE experiences volatility, with a significant negative value of -44.26% in 2020, coinciding with the net loss. Subsequent years show a robust rebound with ROE exceeding 37% in 2021 and reaching over 52% in 2022, before a slight decrease to roughly 40% in 2023.

The data highlights several critical observations:

Volatility in Profitability:
There is considerable volatility in net income and ROE, indicating sensitivity to external or operational factors impacting earnings and shareholder returns.
Exceptional 2020 Performance:
The negative net income and sharply negative ROE in 2020 point to extraordinary adverse conditions or one-time events severely affecting financial performance.
Growth in Equity Base:
The surge in stockholders’ equity in 2018 suggests a significant capital event or revaluation, altering the company’s equity structure substantially.
Post-2020 Recovery:
Following the 2020 downturn, a strong recovery phase is evident in both earnings and ROE, indicating resilience and effective management response.

Comparison to Competitors

Marathon Petroleum Corp., ROE, long-term trends, comparison to competitors

Microsoft Excel

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).


Comparison to Sector (Oil, Gas & Consumable Fuels)

Marathon Petroleum Corp., ROE, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

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).


Comparison to Industry (Energy)

Marathon Petroleum Corp., ROE, long-term trends, comparison to industry (energy)

Microsoft Excel

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).