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Marathon Petroleum Corp (MPC)

合理估值
EnergyOil & Gas Refining & MarketingUnited States

基本面

75

价格

$395.42

市值

$113.69B

第一部分 · 这家公司值多少

概览

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 long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment gathers, transports, stores, distributes, and markets crude oil and refined products, including renewable diesel and other hydrocarbon-based products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and transports, fractionates, stores, and markets natural gas liquids. The Renewable Diesel segment processes renewable feedstocks into renewable diesel, markets, and distributes renewable diesel through its Midstream segment and third parties. It sells renewable diesel to wholesale marketing customers, buyers on the spot market, and through long-term supply contracts to direct dealers under the ARCO brand. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users

P/E: 16.1Score: 74Market cap: $112.17B

The other large independent U.S. refiner, competing with Marathon for the same crude supply and for wholesale, spot and branded sales of gasoline and distillates across the Gulf Coast and Mid-Continent, and also in renewable diesel.

P/E: 14.6Score: 83Market cap: $101.17B

A refiner and marketer with a comparable mix of refineries, branded fuel stations and midstream logistics, selling refined products to the same U.S. wholesale and retail channels.

P/E: 24.3Score: 72Market cap: $668.27B

Through its U.S. downstream arm it runs some of the country's largest refineries and a national branded fuel network, competing directly with Marathon for refined-product volumes and station customers.

PBF Energy Inc.PBF

An independent refiner with plants on the East Coast, Gulf Coast and West Coast that competes for the same crude barrels and sells refined products into the same regional fuel markets as Marathon.

HF Sinclair CorporationDINO

An independent refiner concentrated in the Rocky Mountains and Mid-Continent, competing with Marathon's inland refineries for regional gasoline and diesel demand and for renewable diesel feedstocks.

Delek US Holdings, Inc.DK

A smaller independent refiner in Texas and the Mid-Continent selling gasoline and diesel to the same wholesale and rack customers Marathon supplies in those regions.

资产负债表与流动性

营收

$153.58B

最近12个月(截至2026/6/30)

净利润

$8.55B

最近12个月(截至2026/6/30)

自由现金流

$4.77B

股东权益合计

$17.31B

负债合计

$59.87B

流动比率

1.25

利息覆盖率

8.67

债务/EBITDA

2.97

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

周期性合理估值

公允价值

$354.66

当前价格

$395.42

安全边际

-11.5%

公允价值区间

$277.31 - $432.01

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$375.50
现金流折现法(DCF):不适用于此类公司
市盈率法(P/E):$237.91
格雷厄姆成长公式:不适用于此类公司
盈利能力价值(EPV):$481.31
合理市净率(P/B):不适用于此类公司
股息折现模型(戈登模型):不适用于此类公司
P/FFO(运营资金):不适用于此类公司
周期中段收益:$302.18
市销率法(P/S):不适用于此类公司
分析师共识:买入 (15B / 10H / 0S)
最近财报超预期:+27.72%

估值指标

市盈率(P/E)

13.65

ROE

23.4%

市净率(P/B)

5.82

P/FCF

8.61

毛利率

12.5%

ROIC

16.7%

盈利能力雷达图

价值创造(经济护城河)

ROIC

16.7%

WACC

6.9%

ROIC − WACC

+9.8 pp

ROIC 超过资本成本:公司正在为股东创造价值。

基本面分析标准

通过(20)

  • EPS shows upward trend
  • EPS CAGR 15.88%
  • Price CAGR 22.91%
  • ROIC 16.7%
  • P/FCF 8.61
  • Debt/Equity ratio
  • Operating Margin 9.2%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 48.7%
  • Revenue Growth 5Y 14.4%
  • Analyst Consensus 60% Buy
  • Earnings Surprise avg 45.3%
  • Earnings Quality (OCF/NI) 2.00
  • Share Dilution -10.4%
  • Net Margin Trend 5.6% vs 1.6%
  • Piotroski F-Score 7/9

未通过(6)

  • Gross Margin 12.5%
  • P/B Ratio 5.82
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)

不可用(2)

  • Dividend Payout NaN%
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-评分

7/9

财务状况强健

score
criteria

盈利质量

2.00

高质量:盈利有现金流支撑

股权稀释

-10.4%

正在回购股份,对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
Ms. Maryann T. MannenPresident, CEO & Chairman of the Board62
Ms. Molly R. BensonChief Legal Officer & Corporate Secretary58
Mr. Rick D. HesslingChief Commercial Officer58
Ms. Maria A. KhouryExecutive VP & CFO54
Brian WorthingtonVice President of Investor Relations-
Mr. Marlon J. SullivanSenior VP of Communications & Chief Human Resources Officer50
Mr. Brian K. ParteeChief Business Transformation Officer51
Mr. James R. WilkinsSenior Vice President of Health, Environment, Safety & Security58
Mr. David R. HeppnerChief Strategy Officer & Senior VP of Business Development58
Mr. Ehren D. PowellSenior VP & Chief Digital Officer45

审计风险

7

董事会风险

4

薪酬风险

1

股东权利风险

9

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-26

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-08-04

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-08-04

    查看文件

via SEC EDGAR

损益历史

via SEC EDGAR

Latest News

Recent headlines for MPC, sourced from Markets Gazette.

  • 6/18/2026POSITIVE
    Here's How Much You Would Have Made Owning Marathon Petroleum Stock In The Last 5 Years

    Marathon Petroleum Corporation (MPC) has delivered a remarkable performance over the past five years, significantly outperforming the broader market. While specific return figures are not detailed in the provided snippet, the title implies substantial gains for shareholders. This sustained positive trend suggests strong operational execution, strategic growth initiatives, and favorable market conditions for the energy sector, particularly in refining and marketing. Investors who held MPC stock during this period would have likely seen considerable capital appreciation and potentially dividend income, underscoring the company's robust financial health and market position.

  • 6/10/2026POSITIVE
    $1000 Invested In Marathon Petroleum 5 Years Ago Would Be Worth This Much Today

    An investment of $1000 in Marathon Petroleum Corporation five years ago would have yielded a significant return, illustrating the company's strong performance and growth trajectory. This substantial appreciation suggests robust operational efficiency, strategic market positioning, and effective management that have translated into considerable shareholder value. Investors looking at the energy sector might consider MPC's historical performance as an indicator of potential future gains, though past performance is not indicative of future results.

  • 4/10/2026POSITIVE
    Here's How Much $100 Invested In Marathon Petroleum 10 Years Ago Would Be Worth Today

    An investment of $100 in Marathon Petroleum Corporation 10 years ago would have yielded a significant return, illustrating the company's strong performance over the past decade. While specific figures are not provided in this snippet, the framing suggests substantial capital appreciation and potentially dividend income for shareholders. This historical performance underscores Marathon Petroleum's resilience and growth trajectory within the energy sector, making it a noteworthy consideration for investors seeking long-term value.

  • 3/24/2026POSITIVE
    Why Marathon Petroleum Stock Is Breaking Out To Fresh All-Time Highs Today

    Marathon Petroleum Corp. (NYSE: MPC) has surged to new all-time highs, driven by escalating geopolitical tensions in the U.S.-Israel-Iran conflict. This renewed focus on geopolitical risk in global energy markets is directly benefiting MPC. The stock's breakout suggests strong investor confidence in the company's ability to navigate and potentially profit from the volatile energy landscape. Investors are likely reacting to the increased likelihood of sustained higher energy prices, which typically boosts refining margins for companies like Marathon Petroleum.

  • 2/21/2026POSITIVE
    Marathon Petroleum Returned $4.5 Billion to Shareholders in 2025. Here's Why It Could Happen Again.

    Marathon Petroleum Corporation returned $4.5 billion to shareholders in 2025, a sign of financial strength that could be repeated. The robustness of its midstream income, which covers the dividend even if refining margins cool, offers notable stability. This approach to shareholder remuneration, supported by resilient cash flows, suggests prudent management focused on investor value. For shareholders, this implies potential continuity in returns and lower stock volatility, making it attractive in an uncertain market environment.

via Markets Gazette