Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Marathon Petroleum Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Marathon Petroleum Corp. gross profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Marathon Petroleum Corp. operating profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Marathon Petroleum Corp. net profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Marathon Petroleum Corp. ROE deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Marathon Petroleum Corp. ROA deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Gross Profit Margin
Marathon Petroleum Corp., gross profit margin calculation (quarterly data)
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Gross profit margin = 100
× (Gross marginQ3 2024
+ Gross marginQ2 2024
+ Gross marginQ1 2024
+ Gross marginQ4 2023)
÷ (Sales and other operating revenuesQ3 2024
+ Sales and other operating revenuesQ2 2024
+ Sales and other operating revenuesQ1 2024
+ Sales and other operating revenuesQ4 2023)
= 100 × (2,963 + 3,969 + 3,113 + 3,673)
÷ (35,107 + 37,914 + 32,706 + 36,255)
= 9.66%
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Marathon Petroleum Corp. gross profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Operating Profit Margin
Marathon Petroleum Corp., operating profit margin calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Income (loss) from operations | 1,349) | 2,522) | 1,784) | 2,395) | 4,753) | 3,305) | 4,061) | 4,739) | 6,686) | 8,328) | 1,716) | 1,778) | 1,340) | 965) | 217) | 390) | (1,057) | 575) | (12,155) | 841) | 2,024) | 2,042) | 669) | |||||||
| Sales and other operating revenues | 35,107) | 37,914) | 32,706) | 36,255) | 40,917) | 36,343) | 34,864) | 39,813) | 45,787) | 53,795) | 38,058) | 35,336) | 32,321) | 29,615) | 22,711) | 17,972) | 17,408) | 12,195) | 22,204) | 31,092) | 31,043) | 33,547) | 28,267) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Operating profit margin1 | 5.67% | 7.75% | 8.37% | 9.78% | 11.10% | 11.98% | 13.67% | 12.10% | 10.70% | 8.25% | 4.29% | 3.58% | 2.84% | 0.59% | 0.18% | -17.55% | -14.23% | -9.03% | -6.15% | 4.50% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 13.22% | 14.15% | 14.73% | 15.37% | 18.06% | 19.98% | 21.92% | 21.42% | 21.03% | 19.86% | 16.73% | 14.81% | 11.53% | 6.49% | -7.90% | -6.22% | -13.16% | -8.42% | 5.08% | 4.83% | — | — | — | |||||||
| ConocoPhillips | 28.67% | 29.76% | 29.79% | 30.57% | 30.06% | 31.80% | 33.89% | 36.80% | 37.27% | 37.07% | 36.63% | 29.84% | 22.86% | 14.26% | 4.66% | -12.74% | 0.02% | 16.39% | 20.41% | 32.04% | — | — | — | |||||||
| Exxon Mobil Corp. | 14.99% | 15.19% | 15.03% | 16.24% | 17.15% | 19.54% | 21.37% | 19.07% | 18.60% | 15.93% | 12.25% | 11.91% | -2.07% | -6.88% | -12.46% | -14.85% | 3.17% | 5.30% | 7.05% | 8.66% | — | — | — | |||||||
| Occidental Petroleum Corp. | 22.26% | 22.99% | 22.07% | 24.21% | 26.09% | 29.74% | 35.99% | 38.32% | 38.11% | 34.71% | 25.87% | 17.59% | 4.22% | -23.09% | -79.26% | -79.89% | -69.22% | -47.38% | -5.23% | 3.17% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Operating profit margin = 100
× (Income (loss) from operationsQ3 2024
+ Income (loss) from operationsQ2 2024
+ Income (loss) from operationsQ1 2024
+ Income (loss) from operationsQ4 2023)
÷ (Sales and other operating revenuesQ3 2024
+ Sales and other operating revenuesQ2 2024
+ Sales and other operating revenuesQ1 2024
+ Sales and other operating revenuesQ4 2023)
= 100 × (1,349 + 2,522 + 1,784 + 2,395)
÷ (35,107 + 37,914 + 32,706 + 36,255)
= 5.67%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Marathon Petroleum Corp. operating profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Net Profit Margin
Marathon Petroleum Corp., net profit margin calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net income (loss) attributable to MPC | 622) | 1,515) | 937) | 1,451) | 3,280) | 2,226) | 2,724) | 3,321) | 4,477) | 5,873) | 845) | 774) | 694) | 8,512) | (242) | 285) | (886) | 9) | (9,234) | 443) | 1,095) | 1,106) | (7) | |||||||
| Sales and other operating revenues | 35,107) | 37,914) | 32,706) | 36,255) | 40,917) | 36,343) | 34,864) | 39,813) | 45,787) | 53,795) | 38,058) | 35,336) | 32,321) | 29,615) | 22,711) | 17,972) | 17,408) | 12,195) | 22,204) | 31,092) | 31,043) | 33,547) | 28,267) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| Net profit margin1 | 3.19% | 4.86% | 5.40% | 6.52% | 7.60% | 8.13% | 9.41% | 8.18% | 6.92% | 5.13% | 8.00% | 8.12% | 9.01% | 8.74% | -1.19% | -14.08% | -11.66% | -7.96% | -5.59% | 2.13% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 8.60% | 9.50% | 10.43% | 10.85% | 12.57% | 14.09% | 15.41% | 15.05% | 15.05% | 14.09% | 11.60% | 10.04% | 7.36% | 3.09% | -8.10% | -5.87% | -11.02% | -7.57% | 2.86% | 2.09% | — | — | — | |||||||
| ConocoPhillips | 18.01% | 18.93% | 19.19% | 19.52% | 18.67% | 19.37% | 20.97% | 23.80% | 24.06% | 24.34% | 23.91% | 17.63% | 12.93% | 6.33% | 0.09% | -14.38% | -5.76% | 9.43% | 12.23% | 22.07% | — | — | — | |||||||
| Exxon Mobil Corp. | 9.92% | 10.03% | 9.90% | 10.76% | 11.01% | 13.38% | 14.87% | 13.23% | 13.41% | 11.06% | 8.40% | 8.33% | -2.45% | -6.21% | -10.55% | -12.57% | 1.70% | 3.35% | 4.57% | 5.61% | — | — | — | |||||||
| Occidental Petroleum Corp. | 16.14% | 17.05% | 16.00% | 16.62% | 18.51% | 21.55% | 27.29% | 36.32% | 35.55% | 32.60% | 25.31% | 8.95% | -1.47% | -24.23% | -78.62% | -83.28% | -74.55% | -56.15% | -14.39% | -3.27% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
Net profit margin = 100
× (Net income (loss) attributable to MPCQ3 2024
+ Net income (loss) attributable to MPCQ2 2024
+ Net income (loss) attributable to MPCQ1 2024
+ Net income (loss) attributable to MPCQ4 2023)
÷ (Sales and other operating revenuesQ3 2024
+ Sales and other operating revenuesQ2 2024
+ Sales and other operating revenuesQ1 2024
+ Sales and other operating revenuesQ4 2023)
= 100 × (622 + 1,515 + 937 + 1,451)
÷ (35,107 + 37,914 + 32,706 + 36,255)
= 3.19%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Marathon Petroleum Corp. net profit margin ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Return on Equity (ROE)
Marathon Petroleum Corp., ROE calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net income (loss) attributable to MPC | 622) | 1,515) | 937) | 1,451) | 3,280) | 2,226) | 2,724) | 3,321) | 4,477) | 5,873) | 845) | 774) | 694) | 8,512) | (242) | 285) | (886) | 9) | (9,234) | 443) | 1,095) | 1,106) | (7) | |||||||
| Total MPC stockholders’ equity | 18,933) | 21,324) | 22,922) | 24,404) | 25,862) | 25,714) | 26,858) | 27,715) | 26,304) | 26,306) | 23,972) | 26,206) | 28,280) | 28,921) | 21,592) | 22,199) | 22,453) | 23,741) | 24,088) | 33,694) | 33,738) | 34,207) | 33,951) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| ROE1 | 23.90% | 33.69% | 34.44% | 39.67% | 44.66% | 49.58% | 61.04% | 52.38% | 45.50% | 31.12% | 45.16% | 37.16% | 32.71% | 26.52% | -3.86% | -44.26% | -43.06% | -32.38% | -27.36% | 7.83% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 10.68% | 11.76% | 12.64% | 13.28% | 15.41% | 19.05% | 22.44% | 22.27% | 21.53% | 18.92% | 14.02% | 11.24% | 7.29% | 2.69% | -5.89% | -4.21% | -8.72% | -6.49% | 2.69% | 2.03% | — | — | — | |||||||
| ConocoPhillips | 19.94% | 21.48% | 21.47% | 22.23% | 23.46% | 27.20% | 33.15% | 38.91% | 36.79% | 31.69% | 26.12% | 17.79% | 10.61% | 4.18% | 0.05% | -9.05% | -3.93% | 7.29% | 11.55% | 20.55% | — | — | — | |||||||
| Exxon Mobil Corp. | 12.55% | 12.73% | 15.98% | 17.58% | 19.09% | 24.48% | 29.54% | 27.04% | 27.87% | 21.97% | 15.24% | 13.67% | -3.67% | -8.41% | -12.17% | -14.28% | 1.87% | 3.98% | 6.25% | 7.48% | — | — | — | |||||||
| Occidental Petroleum Corp. | 12.63% | 14.42% | 14.02% | 15.52% | 18.51% | 23.35% | 32.79% | 44.22% | 44.97% | 39.51% | 29.49% | 11.42% | -1.73% | -25.93% | -70.84% | -79.85% | -74.81% | -51.73% | -10.58% | -1.95% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
ROE = 100
× (Net income (loss) attributable to MPCQ3 2024
+ Net income (loss) attributable to MPCQ2 2024
+ Net income (loss) attributable to MPCQ1 2024
+ Net income (loss) attributable to MPCQ4 2023)
÷ Total MPC stockholders’ equity
= 100 × (622 + 1,515 + 937 + 1,451)
÷ 18,933 = 23.90%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Marathon Petroleum Corp. ROE deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |
Return on Assets (ROA)
Marathon Petroleum Corp., ROA calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||||
| Net income (loss) attributable to MPC | 622) | 1,515) | 937) | 1,451) | 3,280) | 2,226) | 2,724) | 3,321) | 4,477) | 5,873) | 845) | 774) | 694) | 8,512) | (242) | 285) | (886) | 9) | (9,234) | 443) | 1,095) | 1,106) | (7) | |||||||
| Total assets | 79,833) | 85,229) | 85,528) | 85,987) | 89,969) | 86,442) | 87,037) | 89,904) | 89,694) | 96,737) | 90,952) | 85,373) | 89,300) | 94,300) | 86,651) | 85,158) | 84,020) | 84,593) | 86,317) | 98,556) | 98,139) | 96,896) | 96,436) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||||
| ROA1 | 5.67% | 8.43% | 9.23% | 11.26% | 12.84% | 14.75% | 18.84% | 16.15% | 13.34% | 8.46% | 11.90% | 11.41% | 10.36% | 8.13% | -0.96% | -11.54% | -11.51% | -9.09% | -7.63% | 2.68% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||||
| Chevron Corp. | 6.43% | 7.18% | 7.76% | 8.17% | 9.65% | 11.98% | 13.98% | 13.76% | 13.15% | 11.26% | 8.23% | 6.52% | 4.13% | 1.48% | -3.21% | -2.31% | -5.15% | -3.89% | 1.64% | 1.23% | — | — | — | |||||||
| ConocoPhillips | 10.29% | 11.13% | 11.10% | 11.42% | 11.96% | 14.43% | 17.32% | 19.91% | 19.04% | 16.98% | 13.78% | 8.91% | 5.36% | 2.17% | 0.02% | -4.31% | -1.91% | 3.64% | 5.56% | 10.20% | — | — | — | |||||||
| Exxon Mobil Corp. | 7.30% | 7.41% | 8.68% | 9.57% | 10.24% | 13.41% | 15.89% | 14.29% | 14.01% | 10.59% | 7.27% | 6.80% | -1.75% | -3.95% | -5.72% | -6.74% | 0.93% | 1.98% | 3.20% | 3.95% | — | — | — | |||||||
| Occidental Petroleum Corp. | 5.11% | 6.07% | 5.82% | 6.35% | 7.55% | 9.55% | 13.53% | 18.32% | 17.90% | 14.82% | 9.89% | 3.09% | -0.43% | -5.92% | -16.34% | -18.52% | -17.60% | -13.50% | -3.26% | -0.61% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q3 2024 Calculation
ROA = 100
× (Net income (loss) attributable to MPCQ3 2024
+ Net income (loss) attributable to MPCQ2 2024
+ Net income (loss) attributable to MPCQ1 2024
+ Net income (loss) attributable to MPCQ4 2023)
÷ Total assets
= 100 × (622 + 1,515 + 937 + 1,451)
÷ 79,833 = 5.67%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Marathon Petroleum Corp. ROA deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024. |