Marathon Petroleum Corporation (MPC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 28.7B | 24.78B | 24.63B | 23.73B | 27.14B | 24.45B | 25.95B | 31.35B | 31.26B | 32.13B | 36.27B | 32.21B | 32.49B | 35.24B | 35.28B | 42.41B | 36.39B | 30.5B | 34.14B | 38.59B |
| Cash & Short-Term Investments | 2.15B | 3.67B | 2.65B | 1.67B | 3.81B | 3.21B | 5.14B | 8.5B | 7.57B | 10.22B | 13.06B | 11.45B | 11.45B | 11.77B | 11.13B | 13.32B | 10.6B | 10.84B | 13.23B | 17.26B |
| Cash Only | 2.15B | 3.67B | 2.65B | 1.67B | 3.81B | 3.21B | 4B | 4.44B | 3.17B | 5.44B | 8.45B | 7.34B | 7.96B | 8.63B | 7.38B | 9.08B | 7.15B | 5.29B | 5.87B | 11.84B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 1.14B | 4.06B | 4.4B | 4.78B | 4.6B | 4.11B | 3.49B | 3.15B | 3.76B | 4.24B | 3.45B | 5.55B | 7.35B | 5.42B |
| Accounts Receivable | 0 | 10.32B | 10.49B | 11.13B | 12.11B | 11.14B | 10.18B | 12.31B | 13.17B | 12.19B | 12.47B | 10.27B | 10.14B | 13.48B | 13.46B | 17.3B | 15.66B | 11.03B | 9.51B | 9.77B |
| Days Sales Outstanding | - | 29.38 | 28.56 | 31.29 | 33.21 | 29.6 | 29.46 | 30.58 | 35.28 | 31.28 | 25.57 | 25.56 | 30.49 | 31.12 | 30.91 | 27.88 | 31.56 | 26.75 | 27.44 | 26.49 |
| Inventory | 10.76B | 10.13B | 9.83B | 10.11B | 10.49B | 9.57B | 9.89B | 9.8B | 9.78B | 9.32B | 10.14B | 9.54B | 10.27B | 8.83B | 9.83B | 11.05B | 9.48B | 8.05B | 9.21B | 8.88B |
| Days Inventory Outstanding | 30.08 | 30.92 | 28.62 | 30.41 | 29.93 | 28.51 | 27.45 | 25.61 | 28.57 | 26.79 | 25.3 | 27.64 | 28.55 | 24.97 | 24.25 | 20.75 | 22 | 24.07 | 27.37 | 28.04 |
| Other Current Assets | 15.78B | 662M | 1.66B | 821M | 726M | 524M | 740M | 741M | 734M | 403M | 607M | 949M | 623M | 1.17B | 858M | 741M | 648M | 568M | 2.19B | 2.69B |
| Total Non-Current Assets | 59.49B | 60.78B | 58.61B | 54.76B | 54.49B | 54.41B | 53.88B | 53.88B | 54.27B | 53.86B | 53.69B | 54.23B | 54.55B | 54.66B | 54.41B | 54.32B | 54.56B | 54.88B | 55.16B | 55.71B |
| Property, Plant & Equipment | 39.1B | 38.89B | 38.36B | 36.2B | 36.19B | 36.33B | 35.73B | 35.87B | 36.22B | 36.34B | 36B | 36.35B | 36.66B | 36.87B | 36.58B | 38.34B | 38.48B | 38.81B | 39.05B | 39.5B |
| Fixed Asset Turnover | 0.89x | 0.84x | 0.93x | 0.93x | 0.87x | 0.92x | 0.98x | 1.05x | 0.90x | 1.00x | 1.13x | 1.00x | 0.95x | 1.08x | 1.22x | 1.40x | 0.98x | 0.91x | 0.82x | 0.75x |
| Goodwill | 9.34B | 9.35B | 9.33B | 8.24B | 8.24B | 8.24B | 8.24B | 8.24B | 8.24B | 8.24B | 8.24B | 8.24B | 8.24B | 8.24B | 8.24B | 8.24B | 8.26B | 8.26B | 8.26B | 8.26B |
| Intangible Assets | 2.66B | 2.71B | 2.75B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 7B | 6.79B | 6.9B | 7.29B | 7.09B | 6.86B | 6.98B | 6.82B | 6.83B | 6.26B | 6.52B | 6.67B | 6.63B | 6.47B | 6.49B | 5.51B | 5.51B | 5.41B | 5.38B | 5.42B |
| Other Non-Current Assets | 1.39B | 1.42B | 1.27B | 3.01B | 2.96B | 2.98B | 2.93B | 2.94B | 2.98B | 3.01B | 2.93B | 2.97B | 3.02B | 3.08B | 3.09B | 2.23B | 2.32B | 2.4B | 2.46B | 2.53B |
| Total Assets | 88.19B | 85.56B | 83.24B | 78.48B | 81.63B | 78.86B | 79.83B | 85.23B | 85.53B | 85.99B | 89.97B | 86.44B | 87.04B | 89.9B | 89.69B | 96.74B | 90.95B | 85.37B | 89.3B | 94.3B |
| Asset Turnover | 0.40x | 0.39x | 0.43x | 0.42x | 0.39x | 0.42x | 0.43x | 0.44x | 0.38x | 0.41x | 0.46x | 0.42x | 0.39x | 0.44x | 0.49x | 0.57x | 0.43x | 0.40x | 0.35x | 0.33x |
| Asset Growth % | 8.03% | 8.5% | 4.27% | -7.91% | -4.55% | -8.29% | -11.27% | -1.4% | -1.73% | -4.36% | 0.31% | -10.64% | -4.3% | 5.31% | 0.44% | 2.58% | 4.96% | 0.25% | 6.28% | 11.47% |
| Total Current Liabilities | 24.41B | 19.68B | 18.73B | 19.25B | 22.73B | 20.83B | 21.07B | 24B | 21.79B | 20.15B | 21.73B | 17.47B | 17.06B | 20.02B | 21.31B | 28.44B | 25.12B | 17.9B | 16.9B | 19.51B |
| Accounts Payable | 17.62B | 12.97B | 12.49B | 13.35B | 14.75B | 13.91B | 12.76B | 14.87B | 15.47B | 13.76B | 15.84B | 13.05B | 13.03B | 15.31B | 16.68B | 22.5B | 19.79B | 13.7B | 12.2B | 12.17B |
| Days Payables Outstanding | 44.04 | 39.45 | 37.08 | 41.48 | 42.76 | 39.09 | 38.52 | 39.68 | 43.72 | 40.75 | 37.15 | 36.41 | 42.38 | 42.82 | 45.5 | 42.74 | 42.01 | 36.1 | 36.87 | 35.89 |
| Short-Term Debt | 2.62B | 2.86B | 1.61B | 1.82B | 4.07B | 3.05B | 4.17B | 4.9B | 2.46B | 1.95B | 819M | 72M | 75M | 1.07B | 1.06B | 1.09B | 1.07B | 571M | 73M | 70M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.33B | 1.25B | 1.51B | 1.11B | 793M | 841M | 1.09B | 997M | 706M | 1.33B | 2.06B | 1.72B | 658M | 852M | 625M | 635M | 191M | 136M | 455M | 278M |
| Current Ratio | 1.18x | 1.26x | 1.32x | 1.23x | 1.19x | 1.17x | 1.23x | 1.31x | 1.43x | 1.59x | 1.67x | 1.84x | 1.90x | 1.76x | 1.66x | 1.49x | 1.45x | 1.70x | 2.02x | 1.98x |
| Quick Ratio | 0.73x | 0.74x | 0.79x | 0.71x | 0.73x | 0.71x | 0.76x | 0.90x | 0.99x | 1.13x | 1.20x | 1.30x | 1.30x | 1.32x | 1.19x | 1.10x | 1.07x | 1.25x | 1.48x | 1.52x |
| Cash Conversion Cycle | - | 20.85 | 20.1 | 20.22 | 20.38 | 19.03 | 18.39 | 16.51 | 20.12 | 17.32 | 13.72 | 16.8 | 16.66 | 13.28 | 9.65 | 5.89 | 11.55 | 14.71 | 17.95 | 18.64 |
| Total Non-Current Liabilities | 40.35B | 41.8B | 40.62B | 35.97B | 35.84B | 33.52B | 33.05B | 33.14B | 33.97B | 34.44B | 35.44B | 36.41B | 36.32B | 34.8B | 34.6B | 34.63B | 34.53B | 33.89B | 36.44B | 38.09B |
| Long-Term Debt | 31.71B | 29.91B | 31.23B | 26.84B | 26.84B | 24.43B | 24.05B | 24.03B | 24.83B | 25.33B | 26.46B | 27.21B | 27.2B | 25.63B | 25.64B | 25.69B | 25.63B | 24.97B | 27.27B | 28.25B |
| Capital Lease Obligations | 0 | 1.58B | 918M | 935M | 817M | 860M | 691M | 711M | 770M | 764M | 848M | 859M | 858M | 841M | 839M | 879M | 905M | 927M | 975M | 1.02B |
| Deferred Tax Liabilities | 6B | 7.59B | 5.96B | 5.72B | 5.76B | 5.77B | 5.77B | 5.81B | 5.83B | 5.83B | 5.81B | 5.91B | 5.89B | 5.9B | 5.61B | 5.54B | 5.57B | 5.64B | 5.54B | 5.7B |
| Other Non-Current Liabilities | 2.65B | 2.71B | 2.51B | 2.48B | 2.42B | 2.46B | 2.54B | 2.59B | 2.54B | 2.51B | 2.31B | 2.42B | 2.36B | 2.42B | 2.52B | 2.52B | 2.42B | 2.36B | 2.65B | 3.12B |
| Total Liabilities | 64.76B | 61.47B | 59.35B | 55.22B | 58.57B | 54.35B | 54.12B | 57.14B | 55.76B | 54.59B | 57.17B | 53.87B | 53.37B | 54.82B | 55.92B | 63.07B | 59.65B | 51.79B | 53.34B | 57.61B |
| Total Debt | 34.33B | 34.36B | 34.2B | 30.04B | 32.14B | 28.76B | 29.4B | 30.11B | 28.53B | 28.5B | 28.58B | 28.57B | 28.54B | 27.91B | 27.9B | 28.04B | 28.03B | 26.9B | 28.76B | 29.81B |
| Net Debt | 32.17B | 30.69B | 31.55B | 28.36B | 28.32B | 25.55B | 25.39B | 25.67B | 25.36B | 23.06B | 20.13B | 21.22B | 20.58B | 19.28B | 20.52B | 18.97B | 20.89B | 21.61B | 22.89B | 17.97B |
| Debt / Equity | 1.47x | 1.43x | 1.43x | 1.29x | 1.39x | 1.17x | 1.14x | 1.07x | 0.96x | 0.91x | 0.87x | 0.88x | 0.85x | 0.80x | 0.83x | 0.83x | 0.90x | 0.80x | 0.80x | 0.81x |
| Debt / EBITDA | 15.51x | 12.85x | 13.61x | 11.19x | 28.02x | 17.56x | 13.39x | 8.96x | 10.93x | 10.73x | 5.11x | 6.90x | 5.87x | 5.04x | 3.73x | 3.07x | 11.12x | 10.38x | 13.22x | 16.24x |
| Net Debt / EBITDA | 14.54x | 11.48x | 12.55x | 10.57x | 24.69x | 15.60x | 11.57x | 7.64x | 9.71x | 8.68x | 3.60x | 5.13x | 4.23x | 3.48x | 2.74x | 2.07x | 8.28x | 8.34x | 10.52x | 9.79x |
| Interest Coverage | 3.79x | 7.28x | 8.05x | 6.46x | 2.08x | 3.85x | 4.17x | 7.79x | 5.86x | 8.06x | 15.48x | 10.97x | 13.31x | 15.00x | 22.06x | 27.90x | 6.05x | 5.41x | 4.10x | 2.86x |
| Total Equity | 23.43B | 24.09B | 23.89B | 23.26B | 23.07B | 24.51B | 25.71B | 28.09B | 29.77B | 31.4B | 32.8B | 32.57B | 33.66B | 35.09B | 33.77B | 33.67B | 31.3B | 33.58B | 35.96B | 36.69B |
| Equity Growth % | 1.57% | -1.71% | -7.09% | -17.17% | -22.53% | -21.95% | -21.61% | -13.76% | -11.56% | -10.51% | -2.89% | -3.27% | 7.55% | 4.48% | -6.09% | -8.24% | 6.17% | 11.12% | 17.86% | 15.33% |
| Book Value per Share | 79.41 | 80.56 | 78.58 | 75.29 | 73.69 | 76.34 | 77.45 | 80.25 | 82.24 | 83.29 | 82.82 | 77.73 | 75.31 | 74.97 | 68.37 | 62.82 | 54.91 | 55.14 | 56.46 | 55.41 |
| Total Shareholders' Equity | 16.75B | 17.31B | 17.1B | 16.62B | 16.4B | 17.75B | 18.93B | 21.32B | 22.92B | 24.4B | 25.86B | 25.71B | 26.86B | 27.71B | 26.3B | 26.31B | 23.97B | 26.21B | 28.28B | 28.92B |
| Common Stock | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M | 10M |
| Retained Earnings | 39.97B | 39.75B | 38.52B | 37.42B | 36.49B | 36.85B | 36.77B | 36.42B | 35.2B | 34.56B | 33.42B | 30.44B | 28.53B | 26.14B | 23.18B | 18.98B | 13.42B | 12.9B | 12.48B | 12.16B |
| Treasury Stock | -56.78B | -56.03B | -55.02B | -54.36B | -53.66B | -52.62B | -51.32B | -48.59B | -45.67B | -43.5B | -40.95B | -38.12B | -35.08B | -31.84B | -30.07B | -26B | -22.71B | -19.9B | -17.13B | -16.15B |
| Accumulated OCI | -108M | -105M | -109M | -108M | -109M | -114M | -158M | -152M | -143M | -131M | -49M | -30M | -9M | 2M | -179M | -65M | -74M | -67M | -344M | -340M |
| Minority Interest | 6.67B | 6.77B | 6.79B | 6.64B | 6.67B | 6.76B | 6.78B | 6.76B | 6.85B | 7B | 6.94B | 6.85B | 6.8B | 7.37B | 7.47B | 7.36B | 7.33B | 7.38B | 7.68B | 7.77B |