How Does Marathon Petroleum Stock Stack Up Against Its Peers?
Marathon Petroleum’s (MPC) stock has returned a solid 20% over the past year, but how does it truly stack up against refining peers in a dynamic energy market? As of January 14, 2026, MPC reveals robust operating and free cash flow margins, superior revenue resilience, and a moderate valuation. However, with U.S. refining capacity projected to decline and margins expected to normalize after a strong first half, ongoing industry challenges may temper its upside.
- MPC’s 3.6% operating margin, highest among peers, signals superior operational efficiency or favorable crude slate/logistics.
- MPC’s -6.1% LTM revenue growth, while negative, outpaces peers, suggesting relative resilience in a challenging market.
- MPC’s 20.3% stock gain and 18.5 PE trails peers’ stronger returns, indicating lower investor confidence or valuation disparity.
Here’s how Marathon Petroleum stacks up across size, valuation, and profitability versus key peers.
| MPC | VLO | PSX | PBF | DINO | DK | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 53.3 | 56.2 | 55.7 | 3.7 | 9.2 | 1.8 |
| Revenue ($ Bil) | 133.3 | 123.1 | 132.0 | 30.3 | 26.9 | 10.7 |
| PE Ratio | 18.5 | 37.6 | 37.0 | -3.8 | 23.5 | -3.5 |
| LTM Revenue Growth | -6.1% | -8.5% | -10.7% | -18.7% | -9.5% | -20.5% |
| LTM Operating Margin | 3.6% | 2.5% | 1.3% | -4.5% | 2.6% | -0.6% |
| LTM FCF Margin | 3.2% | 3.2% | 1.0% | -4.4% | 2.5% | -6.9% |
| 12M Market Return | 20.3% | 39.8% | 21.8% | 15.7% | 42.6% | 56.6% |
For more details on Marathon Petroleum, read Buy or Sell MPC Stock. Below we compare MPC’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| MPC | -6.1% | -6.4% | -16.4% | 47.9% |
| VLO | -8.5% | -10.3% | -17.9% | 54.8% |
| PSX | -10.7% | -2.9% | -13.3% | 52.5% |
| PBF | -18.7% | -13.6% | -18.2% | 71.8% |
| DINO | -9.5% | -10.6% | -16.3% | 107.8% |
| DK | -20.5% | -28.0% | -16.8% | 86.0% |
Operating Margin Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| MPC | 3.6% | 3.8% | 8.5% | 10.7% |
| VLO | 2.5% | 2.9% | 8.2% | 8.9% |
| PSX | 1.3% | 1.2% | 5.4% | 5.7% |
| PBF | -4.5% | -2.0% | 5.3% | 9.0% |
| DINO | 2.6% | 1.0% | 6.9% | 10.6% |
| DK | -0.6% | -2.3% | 1.6% | 2.2% |
PE Ratio Comparison
| LTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| MPC | 18.5 | 16.1 | 5.9 | 5.2 |
| VLO | 37.6 | 18.9 | 4.9 | 4.5 |
| PSX | 37.0 | 25.6 | 7.3 | 5.7 |
| PBF | -3.8 | -5.9 | 1.5 | 1.9 |
| DINO | 23.5 | 50.0 | 4.2 | 3.9 |
| DK | -3.5 | -3.4 | 61.1 | 7.1 |
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