MPC Marathon Petroleum Corporation Common Stock
About Marathon Petroleum Corporation Common Stock Company overview from Wikipedia
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
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Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.
Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887. These formed The Ohio Oil Company established in Lima, Ohio. It became the largest oil producer in the state. By 1889, the company was acquired by the Standard Oil Trust and six years later its headquarters was moved to Findlay. In 1906, the company built its first oil pipeline, which connected its facilities in Martinsville, Illinois, and Preble, Indiana.
After the United States Supreme Court ordered its parent company to break up as a result of the Sherman Anti-Trust Act in 1911, Ohio Oil again became independent. It expanded its operations by purchasing oil fields outside of Ohio. The company also started oil refining. In 1924, the company discovered oil in Texas. In the same year, it acquired Lincoln Oil Refining Company. This purchase included a refinery and 17 brand service stations in Indiana. Several years later, Ohio Oil acquired Transcontinental Oil, which included – in addition to refineries, storage facilities, and filling stations – the Marathon product name.
Following its acquisition of Andeavor on October 1, 2018, Marathon Petroleum became the largest petroleum refinery operator in the United States, with 13 refineries and over 3 million barrels per calendar day of refining capacity. Marathon Petroleum ranked No. 41 on the 2018 Fortune 500 list of the largest United States corporations by total revenue. In the 2020 Forbes Global 2000, Marathon Petroleum was ranked as the 138th-largest public company in the world.
Marathon Petroleum's marketing system includes branded locations across the United States, including Marathon and ARCO branded fuel stations. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company which owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure.
History
Marathon Petroleum Corporation was formed on November 9, 2009, as a subsidiary of Marathon Oil.
Predecessor company
The predecessor company of Marathon Petroleum Corporation, Marathon Petroleum Company LLC, formerly known as Marathon Ashland Petroleum LLC, was formed by the merger of the refining operations of Marathon Oil and Ashland Inc. in 1998. The merger brought together several descendants of the Standard Oil trust, as Ashland had acquired several smaller Standard spinoffs while Marathon itself was directly owned by Standard Oil. It also brought Marathon's Speedway and Ashland's SuperAmerica convenience store chains together and were subsequently merged as "Speedway SuperAmerica".
As longtime Marathon rivals Standard Oil of Ohio and Amoco were acquired by British company BP, Marathon Ashland adopted the marketing slogan "An American Company Serving America", with the slogan being adjourned to Marathon fuel pumps. In 2006, it adopted its current slogan, "Fueling the American Spirit" as the company shifts emphasis on work ethic and the contributions of its employees.
In 2005, Ashland sold its share of Marathon Ashland to Marathon and the company became Marathon Petroleum. The company became a 100% owned subsidiary of Marathon Oil, after Ashland sold off its downstream assets and exited the retail business. In 2006, Marathon began using STP-branded additives in its fuel.
In 2009, the company completed a $3.9 billion expansion of its refinery in Garyville, Louisiana, that increased the plant's capacity by 180,000 barrels per day.
In 2010, the company sold its 74,000 barrel-per-day refinery in St. Paul Park, Minnesota, along with associated terminals, pipelines, and inventory as well as 166 SuperAmerica convenience stores to Northern Tier Energy for $900 million.
Post-corporate spin-off from Marathon Oil
On June 30, 2011, Marathon Oil distributed all of its shares in the company to its shareholders via a corporate spin-off.
In June 2012, Wheeling, West Virginia-based Tri-State Petroleum signed a contract to switch 50 stations in Ohio, Pennsylvania, and West Virginia to the Marathon brand. Most of Tri-State's stations before the deal were ExxonMobil-branded fuel stations, the majority Exxon as well as a few scattered Mobil stations in the immediate Wheeling area. Included in the deal were 18 Exxon stations in the Pittsburgh metropolitan area, significantly boosting Marathon's presence in the Pittsburgh market, where former parent company U.S. Steel is based. (Exxon would offset its Pittsburgh losses by taking over the retail contracts of several Shell stations in the area, leaving Shell with a significantly reduced presence, while the Mobil brand was withdrawn from the Northern Panhandle of West Virginia altogether.) Before the deal, Marathon had a much smaller presence in Western Pennsylvania, while having a somewhat larger presence in West Virginia and an almost ubiquitous presence in Southern Ohio.
In 2013, Marathon purchased numerous assets from BP including a 451,000 barrel per calendar day refinery in Texas City, Texas, four light product distribution terminals, and retail marketing contracts for 1,200 retail stations throughout the southeastern United States.
In 2014, Speedway LLC, a now-former subsidiary of the company, purchased the retail operations of Hess Corporation for $2.82 billion. The deal also introduced the Marathon brand name at stations for the first time in the Northeastern United States east of the Appalachian Mountains and north of Pennsylvania. Prior to the deal, Marathon's traditional marketing territory for decades had been the Midwestern and Southeastern United States, never going further east than the Pittsburgh metropolitan area.
Refinery fires
Galveston Bay, Texas
In 2016, a fire at the Galveston Bay refinery in Texas City, Texas, injured three contract workers, resulting in a lawsuit seeking $1 million in damages. Multiple lawsuits were filed resulting in Marathon paying $86 million to settle.
Garyville, Louisiana
On August 25, 2023, a fire at the Garyville refinery, in Garyville, Louisiana, started at 8:04 am local time. After some time, residents and some local schools were evacuated due to the poorer air quality as precaution, but the response was not immediate.
2018 acquisition of Andeavor, sale of Speedway LLC
On April 30, 2018, Marathon agreed to buy Andeavor, an independent refinery and oil company based in the Western United States, for $23 billion. Marathon will acquire all of Andeavor's outstanding shares. On October 1, 2018, the merger was completed. This merger brings the SuperAmerica convenience stores back to Speedway. On October 31, 2019, Marathon announced plans to spin off their Speedway convenience stores. Gary Heminger will also retire from his role as Marathon Chairman and CEO. The deal also had the effect of introducing the Marathon brand name at fuel stations in the Western United States for the first time and making Marathon a national brand name for the first time, as well as giving Marathon ownership of the ARCO brand.
On August 2, 2020, Marathon announced that Seven & i Holdings Co., Ltd. would be acquiring Speedway for $21 billion. The deal was anticipated to close in early 2021 pending regulatory approval. The deal closed on May 14, 2021.
Operations
Marathon owns:
13 refineries with a total crude oil throughput of 2,986,000 barrels per calendar day (bpcd)
9 Renewable Fuels and Feed Facilities producing 485 million gallons per year
2 Renewable Fuel Pretreatment Facilities and a Soy Processing Facility
Leasehold or ownership interests in approximately 8,400 miles (13,500 km) of petroleum pipelines and 5,000 miles (8,050 km) of natural gas and natural gas liquids pipelines as well as related transportation and distribution assets such as railcars, barges, and processing terminals.
A 20.4% interest, including a controlling 2% general partner interest, in MPLX, a public master limited partnership that owns pipelines and other midstream assets related to the transportation and storage of crude oil. NYSE: MPLX
Former
== Finances ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
MPC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
MPC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| May 20, 2026 | $1.0000 |
| Feb. 18, 2026 | $1.0000 |
| Nov. 19, 2025 | $1.0000 |
| Aug. 20, 2025 | $0.9100 |
| May 21, 2025 | $0.9100 |
| Feb. 19, 2025 | $0.9100 |
| Nov. 20, 2024 | $0.9100 |
| Aug. 21, 2024 | $0.8250 |
| May 15, 2024 | $0.8250 |
| Feb. 20, 2024 | $0.8250 |
| Nov. 15, 2023 | $0.8250 |
| Aug. 15, 2023 | $0.7500 |
| May 16, 2023 | $0.7500 |
| Feb. 15, 2023 | $0.7500 |
| Nov. 15, 2022 | $0.7500 |
| Aug. 16, 2022 | $0.5800 |
| May 17, 2022 | $0.5800 |
| Feb. 15, 2022 | $0.5800 |
| Nov. 16, 2021 | $0.5800 |
| Aug. 17, 2021 | $0.5800 |
MPC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 2 8.0%
- Buy 13 52.0%
- Hold 9 36.0%
- Sell 1 4.0%
- Strong Sell 0 0.0%
12-Month Price Target
18 analysts · 2026-08-13Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $17.73 | $13.86 | 3.9% |
| March 31, 2026 | $1.65 | $0.75 | 0.90% |
| Dec. 31, 2025 | $4.07 | $2.91 | 1.2% |
| Sept. 30, 2025 | $3.01 | $3.18 | -0.17% |
| June 30, 2025 | $3.96 | $3.32 | 0.64% |
| March 31, 2025 | $-0.24 | $-0.53 | 0.29% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MPC | — | 12.3 | -4.4% | 3.0% | 23.1% | — |
| PSX | — | 12.0 | -7.5% | 3.3% | 15.6% | — |
| VLO | $109.56B | 21.5 | -5.5% | 1.9% | 9.7% | — |
| DINO | $10.29B | 15.0 | -6.0% | 2.1% | 6.3% | — |
| SUN | — | — | 11.1% | 2.1% | — | — |
| PBF | — | -19.5 | -11.4% | -0.54% | -2.9% | — |
| CLMT | $1.72B | -50.9 | -1.2% | -0.82% | 3.9% | 5.9% |
| PARR | — | 4.9 | -6.4% | 5.0% | 27.8% | — |
| DK | $2.29B | -78.1 | -9.5% | -0.21% | -5.4% | — |
| SUNC | — | -492.8 | 11.1% | -0.02% | — | — |
| CVI | $2.56B | 94.2 | -5.9% | 0.38% | 3.8% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $132.70B | $138.86B | $148.38B | $177.45B | $119.98B | $69.78B | $111.15B | $86.09B | · | · | · | · | |
| Cost of Revenue | $119.45B | $126.24B | $128.57B | $151.67B | $110.01B | $65.73B | $99.23B | $77.05B | $67.09B | $56.68B | · | · | |
| SG&A Expense | $3.35B | $3.22B | $3.04B | $2.77B | $2.54B | $2.71B | $3.19B | $2.28B | $1.69B | $1.60B | $1.58B | $1.38B | |
| Operating Expenses | $126.93B | $133.62B | $135.79B | $158.48B | $116.63B | $81.28B | $107.40B | $81.90B | $71.35B | $60.98B | $67.57B | $94.05B | |
| Operating Income | $8.29B | $6.80B | $14.51B | $21.47B | $4.30B | $-12.25B | $4.46B | $4.69B | $4.02B | $2.39B | $4.69B | $4.05B | |
| Interest Income | $159M | $376M | $530M | $191M | $14M | $9M | $40M | $87M | $27M | $6M | $6M | $7M | |
| Pretax Income | $7.01B | $5.96B | $13.99B | $20.47B | $2.82B | $-13.61B | $3.23B | $3.70B | $3.34B | $1.82B | $4.37B | $3.83B | |
| Income Tax | $1.14B | $890M | $2.82B | $4.49B | $264M | $-2.43B | $784M | $764M | $-460M | $609M | $1.51B | $1.28B | |
| Net Income | $4.05B | $3.44B | $9.68B | $14.52B | $9.74B | $-9.83B | $2.64B | $2.78B | $3.43B | $1.17B | $2.85B | $2.52B | |
| EPS (Basic) | $13.24 | $10.11 | $23.73 | $28.31 | $15.34 | $-15.13 | $4.00 | $5.36 | $6.76 | $2.22 | $5.29 | $4.42 | |
| EPS (Diluted) | $13.22 | $10.08 | $23.63 | $28.12 | $15.24 | $-15.13 | $3.97 | $5.28 | $6.70 | $2.21 | $5.26 | $4.39 | |
| Shares (Basic) | 305,000,000 | 340,000,000 | 407,000,000 | 512,000,000 | 634,000,000 | 649,000,000 | 659,000,000 | 518,000,000 | 507,000,000 | 528,000,000 | 538,000,000 | 570,000,000 | |
| Shares (Diluted) | 306,000,000 | 341,000,000 | 409,000,000 | 516,000,000 | 638,000,000 | 649,000,000 | 664,000,000 | 526,000,000 | 512,000,000 | 530,000,000 | 542,000,000 | 574,000,000 | |
| EBITDA | $11.54B | $10.13B | $17.82B | $24.68B | $7.66B | $-8.87B | $9.21B | $8.06B | $6.08B | $4.38B | $6.34B | $5.38B |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.67B | $3.21B | $5.44B | $8.62B | $5.29B | $415M | $1.39B | $1.69B | $3.01B | $887M | $1.13B | $1.49B | |
| Short-term Investments | · | $0 | $4.78B | $3.15B | $5.55B | · | · | · | · | · | · | · | |
| Receivables | $10.32B | $11.14B | $12.19B | $13.48B | $11.03B | $5.76B | $7.23B | $5.85B | $4.70B | $3.62B | $2.93B | $4.06B | |
| Inventory | $10.13B | $9.57B | $9.32B | $8.83B | $8.05B | $8.00B | $9.80B | $9.84B | $5.55B | $5.66B | $5.22B | $5.64B | |
| Other Current Assets | $662M | $524M | $403M | $1.17B | $568M | $2.72B | $893M | $646M | $145M | $241M | $192M | $145M | |
| Current Assets | $24.78B | $24.45B | $32.13B | $35.24B | $30.50B | $28.29B | $30.46B | $18.02B | $13.40B | $10.40B | $9.47B | $11.34B | |
| PP&E (Net) | · | · | · | · | · | $39.03B | $40.87B | $45.06B | $26.44B | $25.77B | $25.16B | $16.26B | |
| PP&E (Gross) | · | · | · | · | · | $59.34B | $57.59B | $61.21B | $40.54B | $38.01B | $35.60B | $25.30B | |
| Accum. Depreciation | · | · | · | · | · | $20.30B | $16.72B | $16.16B | $14.10B | $12.24B | $10.44B | $9.04B | |
| Goodwill | $9.35B | $8.24B | $8.24B | $8.24B | $8.26B | $8.26B | $15.65B | $15.83B | $3.59B | $3.59B | $4.02B | $1.57B | |
| Intangibles | $2.71B | $1.77B | $1.76B | $1.88B | $2.13B | $2.36B | $2.81B | $3.31B | $631M | $725M | $719M | $287M | |
| Other Non-current Assets | $1.42B | $1.21B | $3.01B | $3.08B | $2.40B | $2.64B | $3.20B | $3.78B | $830M | $833M | $839M | $394M | |
| Total Assets | $83.95B | $78.86B | $85.99B | $89.90B | $85.37B | $85.16B | $98.56B | $92.94B | $49.05B | $44.41B | $43.12B | $30.43B | |
| Accounts Payable | $12.97B | $13.91B | $13.76B | $15.31B | $13.70B | $7.80B | $11.22B | $9.37B | $8.30B | $5.59B | $4.74B | $6.66B | |
| Short-term Debt | · | · | · | · | · | · | $0 | · | $0 | $0 | $0 | · | |
| Current Liabilities | $19.68B | $20.83B | $20.15B | $20.02B | $17.90B | $15.66B | $16.95B | $13.22B | $10.48B | $7.15B | $6.34B | $8.58B | |
| Capital Leases | $993M | $860M | $764M | $841M | $927M | $1.01B | $1.30B | $0 | · | · | · | · | |
| Deferred Tax | $5.98B | $5.77B | $5.83B | $5.90B | $5.64B | $6.20B | $6.39B | $4.86B | $2.65B | $3.86B | $3.29B | $2.01B | |
| Total Liabilities | $59.87B | $54.35B | $54.59B | $54.82B | $51.79B | $54.94B | $55.45B | $47.89B | $27.22B | $23.21B | $23.44B | $19.04B | |
| Total Debt | · | · | · | · | · | · | $0 | · | $0 | $0 | · | · | |
| Common Stock | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $7M | $7M | $7M | $7M | |
| Retained Earnings | $39.75B | $36.85B | $34.56B | $26.14B | $12.90B | $4.65B | $15.99B | $14.76B | $12.86B | $10.21B | $9.75B | $7.51B | |
| Treasury Stock | $56.03B | $52.62B | $43.50B | $31.84B | $19.90B | $15.16B | $15.14B | $13.18B | $9.87B | $7.48B | $7.28B | $6.30B | |
| AOCI | $-105M | $-114M | $-131M | $2M | $-67M | $-512M | $-320M | $-144M | $-231M | $-234M | $-318M | $-313M | |
| Stockholders' Equity | $17.31B | $17.75B | $24.40B | $27.71B | $26.21B | $22.20B | $33.69B | $35.17B | $14.03B | $13.56B | $13.24B | $10.75B | |
| Liabilities + Equity | $83.95B | $78.86B | $85.99B | $89.90B | $85.37B | $85.16B | $98.56B | $92.94B | $49.05B | $44.41B | $43.12B | $30.43B |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3.25B | $3.34B | $3.31B | $3.21B | $3.36B | $3.38B | $3.23B | $2.17B | $2.11B | $2.00B | $1.50B | $1.33B | |
| Stock-based Comp | $160M | $137M | $211M | $153M | $88M | $100M | $153M | $127M | $51M | $45M | $42M | $40M | |
| Deferred Tax | $282M | $-124M | $-28M | $290M | $-169M | $-241M | $807M | $14M | $-1.23B | $394M | $134M | $-242M | |
| Amort. of Intangibles | $271M | $266M | $316M | $316M | $330M | $336M | $357M | $134M | $52M | $55M | $29M | $18M | |
| Restructuring | · | · | · | $0 | $0 | $367M | $0 | $0 | · | · | · | · | |
| Other Non-cash | $513M | $1.87B | $946M | $-1.81B | $-8.66B | $9.01B | $1.98B | $708M | $2.25B | $372M | $-613M | $-538M | |
| Operating Cash Flow | $8.25B | $8.66B | $14.12B | $16.36B | $4.36B | $2.42B | $9.44B | $6.16B | $6.61B | $4.02B | $4.07B | $3.11B | |
| CapEx | $3.49B | $2.53B | $1.89B | $2.42B | $1.46B | $2.79B | $4.81B | $3.18B | $2.73B | $2.89B | $2.00B | $1.48B | |
| Investing Cash Flow | $-5.87B | $1.53B | $-3.10B | $623M | $14.80B | $-3.26B | $-6.26B | $-7.67B | $-3.40B | $-2.97B | $-3.44B | $-4.54B | |
| Stock Issued | $24M | $25M | $62M | $243M | $106M | $11M | $10M | $24M | $46M | $11M | $33M | $26M | |
| Stock Repurchased | $3.49B | $9.19B | $11.57B | $11.92B | $4.65B | $0 | $1.95B | $3.29B | $2.37B | $197M | $965M | $2.13B | |
| Net Stock Activity | $-3.46B | $-9.16B | $-11.51B | $-11.68B | $-4.55B | $11M | $-1.94B | $-3.26B | $-2.33B | $-186M | $-7.21B | $-6.24B | |
| Dividends Paid | $1.14B | $1.15B | $1.26B | $1.28B | $1.48B | $1.51B | $1.40B | $954M | $773M | $719M | $613M | $524M | |
| Financing Cash Flow | $-1.92B | $-12.43B | $-14.21B | $-13.65B | $-14.42B | $-135M | $-3.38B | $222M | $-1.09B | $-1.29B | $-999M | $635M | |
| Net Change in Cash | · | · | · | · | · | · | · | · | $2.12B | $-240M | $-367M | $-798M | |
| Taxes Paid | $406M | $732M | $2.75B | $4.87B | $2.44B | $-179M | $491M | $424M | $904M | $140M | $1.60B | $1.36B | |
| Free Cash Flow | $4.77B | $6.13B | $12.23B | $13.94B | $2.90B | $-368M | $4.07B | $2.58B | $3.88B | $1.09B | $2.06B | $1.63B |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 6.2% | 4.9% | 9.8% | 12.1% | 3.6% | -17.5% | · | · | · | · | · | · | |
| Net Margin | 3.0% | 2.5% | 6.5% | 8.2% | 8.1% | -14.1% | · | · | · | · | · | · | |
| Pretax Margin | 5.3% | 4.3% | 9.4% | 11.5% | 2.4% | -19.5% | · | · | · | · | · | · | |
| EBITDA Margin | 8.7% | 7.3% | 12.0% | 13.9% | 6.4% | -12.7% | · | · | · | · | · | · | |
| ROA | 5.0% | 4.2% | 11.0% | 16.6% | 11.4% | -10.7% | 2.8% | 3.9% | 7.3% | 2.7% | 7.8% | 8.6% | |
| ROE | 23.1% | 16.4% | 37.1% | 53.8% | 40.2% | -35.2% | 7.7% | 11.3% | 24.9% | 8.8% | 23.8% | 23.3% | |
| ROIC | 40.1% | 32.6% | 47.5% | 60.5% | 14.9% | -45.3% | 12.4% | 12.5% | 32.2% | 11.7% | 23.2% | 25.1% |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.2 | 1.6 | 1.8 | 1.7 | 1.8 | 1.2 | 1.4 | 1.3 | 1.5 | 1.5 | 1.3 | |
| Quick Ratio | 0.7 | 0.7 | 1.1 | 1.3 | 0.9 | 0.4 | 0.6 | 0.6 | 0.7 | 0.6 | 0.6 | 0.6 | |
| Debt / Equity | · | · | · | · | · | · | 0.0 | · | 0.0 | 0.0 | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.6 | 1.7 | 1.7 | 2.0 | 1.4 | 0.8 | · | · | · | · | · | · | |
| Inventory Turnover | 12.1 | 13.4 | 14.2 | 18.0 | 13.7 | 7.4 | 11.0 | 11.1 | · | · | · | · | |
| Receivables Turnover | 12.4 | 11.9 | 11.8 | 14.5 | 14.3 | 10.7 | · | · | · | · | · | · |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -4.4% | -6.4% | -16.4% | 47.9% | 72.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -9.2% | 5.0% | 28.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 13.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 31.1% | -57.3% | -16.0% | 84.5% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -22.2% | -12.9% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 17.5% | -64.4% | -33.3% | 49.1% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -34.7% | -29.3% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -5.5% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $132.70B | $138.86B | $148.38B | $177.45B | $119.98B | $69.78B | $111.15B | $86.09B | $74.73B | $63.34B | $72.05B | $97.82B | |
| Net Income TTM | $4.05B | $3.44B | $9.68B | $14.52B | $9.74B | $-9.83B | $2.64B | $2.78B | $3.43B | $1.17B | $2.85B | $2.52B | |
| P/E | 12.3 | 13.8 | 6.3 | 4.1 | 4.2 | -2.7 | 15.2 | 11.2 | 9.8 | 22.8 | 9.9 | 10.3 | |
| Earnings Yield | 8.1% | 7.2% | 15.9% | 24.2% | 23.8% | -36.6% | 6.6% | 8.9% | 10.2% | 4.4% | 10.2% | 9.7% | |
| Payout Ratio | 28.2% | 33.5% | 13.0% | 8.8% | 15.2% | -15.4% | 53.0% | 34.3% | 22.5% | 61.2% | 21.5% | 20.8% | |
| Annual Payout | $1.14B | $1.15B | $1.26B | $1.28B | $1.48B | $1.51B | $1.40B | $954M | $773M | $719M | $613M | $524M |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $51.99B | $34.20B | $32.57B | $34.81B | $33.80B | $31.52B | $33.14B | $35.11B | $37.91B | $32.71B | $36.26B | $40.92B | $36.34B | $34.86B | $39.81B | $45.79B | |
| Cost of Revenue | $43.06B | $31.26B | $28.86B | $31.20B | $30.02B | $29.36B | $30.56B | $32.14B | $33.95B | $29.59B | $32.58B | $34.93B | $31.76B | $29.29B | $33.58B | $38.82B | |
| SG&A Expense | $894M | $867M | $836M | $863M | $867M | $783M | $804M | $815M | $823M | $779M | $820M | $824M | $704M | $691M | $763M | $712M | |
| Operating Expenses | $45.02B | $33.16B | $30.73B | $33.14B | $31.90B | $31.16B | $32.33B | $34.02B | $35.84B | $31.43B | $34.43B | $36.83B | $33.52B | $31.02B | $35.35B | $40.55B | |
| Operating Income | $7.32B | $1.40B | $2.69B | $2.71B | $2.20B | $687M | $1.14B | $1.35B | $2.52B | $1.78B | $2.40B | $4.75B | $3.31B | $4.06B | $4.74B | $6.69B | |
| Interest Income | $61M | $33M | $41M | $41M | $31M | $46M | $68M | $102M | $105M | $101M | $149M | $141M | $119M | $121M | $109M | $59M | |
| Pretax Income | $6.98B | $1.03B | $2.35B | $2.40B | $1.88B | $383M | $896M | $1.13B | $2.33B | $1.60B | $2.28B | $4.63B | $3.16B | $3.91B | $4.55B | $6.45B | |
| Income Tax | $1.44B | $183M | $372M | $460M | $268M | $37M | $111M | $113M | $373M | $293M | $407M | $1.00B | $583M | $823M | $984M | $1.43B | |
| Net Income | $5.14B | $511M | $1.53B | $1.37B | $1.22B | $-74M | $371M | $622M | $1.51B | $937M | $1.45B | $3.28B | $2.23B | $2.72B | $3.32B | $4.48B | |
| EPS (Basic) | $17.76 | $1.73 | $5.01 | $4.51 | $3.96 | $-0.24 | $1.30 | $1.88 | $4.34 | $2.59 | $3.95 | $8.31 | $5.34 | $6.13 | $6.66 | $9.12 | |
| EPS (Diluted) | $17.73 | $1.73 | $4.99 | $4.51 | $3.96 | $-0.24 | $1.30 | $1.87 | $4.33 | $2.58 | $3.94 | $8.28 | $5.32 | $6.09 | $6.62 | $9.06 | |
| Shares (Basic) | 289,000,000 | 295,000,000 | -618,000,000 | 303,000,000 | 307,000,000 | 313,000,000 | -701,000,000 | 331,000,000 | 349,000,000 | 361,000,000 | -848,000,000 | 394,000,000 | 417,000,000 | 444,000,000 | -1,075,000,000 | 491,000,000 | |
| Shares (Diluted) | 290,000,000 | 295,000,000 | -618,000,000 | 304,000,000 | 307,000,000 | 313,000,000 | -703,000,000 | 332,000,000 | 350,000,000 | 362,000,000 | -853,000,000 | 396,000,000 | 419,000,000 | 447,000,000 | -1,082,000,000 | 494,000,000 | |
| EBITDA | $8.16B | $2.21B | · | $3.55B | $2.99B | $1.48B | · | $2.19B | $3.36B | $2.61B | · | $5.60B | $4.14B | $4.86B | · | $7.48B |
Balance Sheet 21
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.77B | $2.15B | $3.67B | $2.65B | $1.67B | $3.81B | $3.21B | $4.00B | $4.44B | $3.17B | · | $8.45B | $7.34B | $7.96B | · | $7.38B | |
| Short-term Investments | · | · | · | · | · | · | · | $1.14B | $4.06B | $4.40B | · | $4.60B | $4.11B | $3.49B | · | · | |
| Receivables | $15.74B | $14.63B | $10.32B | $10.49B | $11.13B | $12.11B | $11.14B | $10.18B | $12.31B | $13.17B | · | $12.47B | $10.27B | $10.14B | · | $13.46B | |
| Inventory | $9.97B | $10.76B | $10.13B | $9.83B | $10.11B | $10.49B | $9.57B | $9.89B | $9.80B | $9.78B | · | $10.14B | $9.54B | $10.27B | · | $9.83B | |
| Other Current Assets | $805M | $1.15B | $662M | $626M | $821M | $726M | $524M | $740M | $741M | $734M | · | $607M | $949M | $623M | · | $858M | |
| Current Assets | $34.29B | $28.70B | $24.78B | $24.63B | $23.73B | $27.14B | $24.45B | $25.95B | $31.35B | $31.26B | · | $36.27B | $32.21B | $32.49B | · | $35.28B | |
| Goodwill | $9.34B | $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 | |
| Intangibles | $2.59B | $2.66B | $2.71B | $2.75B | · | · | $1.77B | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $1.47B | $1.39B | $1.42B | $1.27B | $3.01B | $2.96B | $1.21B | $2.93B | $2.94B | $2.98B | · | $2.93B | $2.97B | $3.02B | · | $3.09B | |
| Total Assets | $94.31B | $88.19B | $83.95B | $83.24B | $78.48B | $81.63B | $78.86B | $79.83B | $85.23B | $85.53B | · | $89.97B | $86.44B | $87.04B | · | $89.69B | |
| Accounts Payable | $19.23B | $17.62B | $12.97B | $12.49B | $13.35B | $14.75B | $13.91B | $12.76B | $14.87B | $15.47B | · | $15.84B | $13.05B | $13.03B | · | $16.68B | |
| Current Liabilities | $27.42B | $24.41B | $19.68B | $18.73B | $19.25B | $22.73B | $20.83B | $21.07B | $24.00B | $21.79B | · | $21.73B | $17.47B | $17.06B | · | $21.31B | |
| Capital Leases | $977M | $1.00B | $993M | $918M | $935M | $817M | $860M | $691M | $711M | $770M | · | $848M | $859M | $858M | · | $839M | |
| Deferred Tax | $5.95B | $6.00B | $5.98B | $5.96B | $5.72B | $5.76B | $5.77B | $5.77B | $5.81B | $5.83B | · | $5.81B | $5.91B | $5.89B | · | $5.61B | |
| Total Liabilities | $68.59B | $64.76B | $59.87B | $59.35B | $55.22B | $58.57B | $54.35B | $54.12B | $57.14B | $55.76B | · | $57.17B | $53.87B | $53.37B | · | $55.92B | |
| Common Stock | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | · | $10M | $10M | $10M | · | $10M | |
| Retained Earnings | $44.81B | $39.97B | $39.75B | $38.52B | $37.42B | $36.49B | $36.85B | $36.77B | $36.42B | $35.20B | · | $33.42B | $30.44B | $28.53B | · | $23.18B | |
| Treasury Stock | $59.31B | $56.78B | $56.03B | $55.02B | $54.36B | $53.66B | $52.62B | $51.32B | $48.59B | $45.67B | · | $40.95B | $38.12B | $35.08B | · | $30.07B | |
| AOCI | $-110M | $-108M | $-105M | $-109M | $-108M | $-109M | $-114M | $-158M | $-152M | $-143M | $-131M | $-49M | $-30M | $-9M | $2M | $-179M | |
| Stockholders' Equity | $19.08B | $16.75B | $17.31B | $17.10B | $16.62B | $16.40B | $17.75B | $18.93B | $21.32B | $22.92B | · | $25.86B | $25.71B | $26.86B | · | $26.30B | |
| Liabilities + Equity | $94.31B | $88.19B | $83.95B | $83.24B | $78.48B | $81.63B | $78.86B | $79.83B | $85.23B | $85.53B | · | $89.97B | $86.44B | $87.04B | · | $89.69B |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $838M | $809M | $828M | $841M | $789M | $793M | $826M | $846M | $838M | $827M | $828M | $845M | $834M | $800M | $797M | $794M | |
| Deferred Tax | $-46M | $19M | $31M | $309M | $-30M | $-28M | $8M | $-37M | $-60M | $-35M | $36M | $-86M | $27M | $-5M | $252M | $130M | |
| Other Non-cash | · | $-218M | · | · | · | $-755M | · | · | · | $-197M | · | · | · | $538M | · | · | |
| Operating Cash Flow | $10.33B | $1.12B | $3.07B | $2.61B | $2.64B | $-64M | $2.21B | $1.68B | $3.24B | $1.53B | $1.12B | $4.95B | $3.98B | $4.06B | $4.38B | $2.51B | |
| CapEx | $1.19B | $913M | $1.18B | $947M | $695M | $663M | $810M | $651M | $487M | $585M | $532M | $420M | $481M | $457M | $726M | $701M | |
| Investing Cash Flow | $-1.39B | $-1.05B | $-214M | $-3.76B | $-974M | $-923M | $307M | $2.03B | $17M | $-824M | $-964M | $-435M | $-880M | $-816M | $-498M | $501M | |
| Stock Issued | $1M | $1M | $0 | $1M | $0 | $23M | $6M | $0 | $8M | $11M | $2M | $33M | $10M | $17M | $59M | $17M | |
| Stock Repurchased | $2.53B | $750M | $1.00B | $650M | $780M | $1.06B | $1.37B | $2.70B | $2.90B | $2.22B | $2.50B | $2.82B | $3.07B | $3.18B | $1.84B | $3.91B | |
| Net Stock Activity | · | $-749M | · | · | · | $-1.03B | · | $-2.70B | $-2.90B | $-2.21B | · | $-2.82B | $-3.07B | $-3.16B | · | $-3.91B | |
| Dividends Paid | $290M | $295M | $300M | $276M | $279M | $285M | $292M | $273M | $290M | $299M | $311M | $297M | $316M | $337M | $351M | $285M | |
| Financing Cash Flow | $-3.32B | $-1.60B | $-1.84B | $2.13B | $-3.80B | $1.59B | $-3.31B | $-4.16B | $-1.99B | $-2.98B | $-3.17B | $-3.41B | $-3.72B | $-3.91B | $-2.64B | $-4.71B | |
| Taxes Paid | $618M | $12M | $276M | $11M | $34M | $85M | $119M | $422M | $213M | $-22M | $870M | $481M | $1.42B | $-18M | $1.13B | $2.62B | |
| Free Cash Flow | · | $208M | · | · | · | $-727M | · | · | · | $947M | · | · | · | $3.60B | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 14.1% | 4.1% | · | 7.8% | 6.5% | 2.2% | · | 3.8% | 6.7% | 5.5% | · | 11.6% | 9.1% | 11.7% | · | 14.6% | |
| Net Margin | 9.9% | 1.5% | · | 3.9% | 3.6% | -0.23% | · | 1.8% | 4.0% | 2.9% | · | 8.0% | 6.1% | 7.8% | · | 9.8% | |
| Pretax Margin | 13.4% | 3.0% | · | 6.9% | 5.6% | 1.2% | · | 3.2% | 6.1% | 4.9% | · | 11.3% | 8.7% | 11.2% | · | 14.1% | |
| EBITDA Margin | 15.7% | 6.5% | · | 10.2% | 8.8% | 4.7% | · | 6.2% | 8.9% | 8.0% | · | 13.7% | 11.4% | 13.9% | · | 16.3% | |
| ROA | 5.9% | 0.60% | · | 1.7% | 1.5% | -0.09% | · | 0.73% | 1.8% | 1.1% | · | 3.6% | 2.4% | 3.1% | · | 5.0% | |
| ROE | 28.8% | 3.1% | · | 7.6% | 6.4% | -0.38% | · | 2.8% | 6.4% | 3.8% | · | 12.6% | 8.6% | 10.7% | · | 16.4% | |
| ROIC | 30.4% | 6.9% | · | 12.8% | 11.3% | 3.8% | · | 6.4% | 9.9% | 6.4% | · | 14.4% | 10.5% | 11.9% | · | 19.8% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.2 | · | 1.3 | 1.2 | 1.2 | · | 1.2 | 1.3 | 1.4 | · | 1.7 | 1.8 | 1.9 | · | 1.7 | |
| Quick Ratio | 0.9 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | 0.9 | 1.0 | · | 1.2 | 1.2 | 1.3 | · | 1.0 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.5 | 0.4 | 0.4 | · | 0.5 | |
| Inventory Turnover | 4.3 | 2.9 | · | 3.2 | 3.0 | 2.9 | · | 3.2 | 3.5 | 3.0 | · | 3.5 | 3.1 | 3.0 | · | 4.1 | |
| Receivables Turnover | 3.9 | 2.6 | · | 3.4 | 2.9 | 2.5 | · | 3.1 | 3.4 | 2.8 | · | 3.2 | 2.6 | 2.7 | · | 4.0 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $154.80B | $134.32B | · | $135.23B | $138.34B | $137.24B | · | $146.64B | $147.88B | $144.83B | · | $157.91B | $170.79B | $172.50B | · | $169.96B | |
| Net Income TTM | $8.23B | $3.02B | · | $3.13B | $3.28B | $3.00B | · | $6.35B | $7.96B | $9.17B | · | $12.71B | $15.30B | $13.92B | · | $11.89B | |
| P/E | 9.2 | 24.5 | · | 19.1 | 16.7 | 17.1 | · | 9.5 | 8.5 | 9.0 | · | 5.3 | 3.7 | 4.9 | · | 4.4 | |
| Earnings Yield | 10.9% | 4.1% | · | 5.2% | 6.0% | 5.9% | · | 10.5% | 11.8% | 11.1% | · | 19.0% | 27.0% | 20.5% | · | 22.7% | |
| Payout Ratio | · | 57.7% | · | · | · | -385.1% | · | · | · | 31.9% | · | · | · | 12.4% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $132.70B | $138.86B | $148.38B | $177.45B | $119.98B |
| Operating Margin % | 6.2% | 4.9% | 9.8% | 12.1% | 3.6% |
| Net Income | $4.05B | $3.44B | $9.68B | $14.52B | $9.74B |
| Diluted EPS | $13.22 | $10.08 | $23.63 | $28.12 | $15.24 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.2 | 1.6 | 1.8 | 1.7 |
| Quick Ratio | 0.7 | 0.7 | 1.1 | 1.3 | 0.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $4.77B | $6.13B | $12.23B | $13.94B | $2.90B |
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Institutional owners (13F) 2,104 filers · $35.5B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 165 (-204 vs prior Q) | 89 (-13 vs prior Q) | 675 (+115 vs prior Q) | 696 (+25 vs prior Q) | +42.9M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $4,876,723,468 | 19,074,289 | 13.72% | Shares |
| STATE STREET CORP | $4,722,711,951 | 18,471,905 | 13.29% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,996,445,522 | 15,631,265 | 11.25% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $1,886,072,759 | 7,407,792 | 5.31% | Shares |
| FMR LLC | $999,337,614 | 3,908,701 | 2.81% | Shares |
| RAYMOND JAMES FINANCIAL INC | $942,982,383 | 3,688,279 | 2.65% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $769,311,030 | 3,009,000 | 2.16% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $690,499,367 | 2,700,743 | 1.94% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $670,467,730 | 2,622,395 | 1.89% | Shares |
| NORGES BANK | $630,431,342 | 2,465,801 | 1.77% | Shares |
| AMERIPRISE FINANCIAL INC | $451,092,141 | 1,763,065 | 1.27% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $424,213,544 | 1,659,223 | 1.19% | Shares |
| Allianz Asset Management GmbH | $388,072,545 | 1,517,865 | 1.09% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $351,302,597 | 1,374,047 | 0.99% | Shares |
| US BANCORP \DE\ | $322,971,548 | 1,263,236 | 0.91% | Shares |
| TWO SIGMA INVESTMENTS, LP | $316,836,746 | 1,239,241 | 0.89% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $259,815,689 | 1,016,215 | 0.73% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $246,579,142 | 964,443 | 0.69% | Shares |
| National Pension Service | $237,391,129 | 928,506 | 0.67% | Shares |
| TWO SIGMA ADVISERS, LP | $221,371,956 | 1,361,200 | 0.62% | Shares |
| BlackRock, Inc. | $218,773,240 | 855,686 | 0.62% | Shares |
| Capital Wealth Planning, LLC | $214,443,078 | 838,749 | 0.60% | Shares |
| Swiss National Bank | $212,376,376 | 830,666 | 0.60% | Shares |
| AustralianSuper Pty Ltd | $203,832,140 | 797,247 | 0.57% | Shares |
| AMERICAN CENTURY COMPANIES INC | $183,130,270 | 716,275 | 0.52% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $181,971,844 | 711,745 | 0.51% | Shares |
| Vanguard Global Advisers, LLC | $178,062,906 | 696,456 | 0.50% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $163,443,365 | 643,326 | 0.46% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $161,720,990 | 632,538 | 0.46% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $161,608,240 | 632,097 | 0.45% | Shares |
| RHUMBLINE ADVISERS | $157,373,694 | 615,535 | 0.44% | Shares |
| California Public Employees Retirement System | $157,073,166 | 614,359 | 0.44% | Shares |
| GOLDMAN SACHS GROUP INC | $155,443,799 | 607,986 | 0.44% | Shares |
| FIFTH THIRD BANCORP | $152,163,537 | 595,156 | 0.43% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $148,776,418 | 581,908 | 0.42% | Shares |
| Mariner, LLC | $142,577,661 | 555,211 | 0.40% | Shares |
| Squarepoint Ops LLC | $141,652,685 | 554,045 | 0.40% | Shares |
| JANE STREET GROUP, LLC | $136,451,079 | 533,700 | 0.38% | Call option |
| BARCLAYS PLC | $133,449,767 | 521,961 | 0.38% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $130,773,927 | 511,495 | 0.37% | Shares |
| BANK OF AMERICA CORP /DE/ | $121,147,440 | 473,843 | 0.34% | Shares |
| MILLENNIUM MANAGEMENT LLC | $116,300,448 | 454,885 | 0.33% | Shares |
| LPL Financial LLC | $112,917,370 | 441,653 | 0.32% | Shares |
| Legal & General Group Plc | $103,399,853 | 404,427 | 0.29% | Shares |
| Empyrean Capital Partners, LP | $101,143,052 | 395,600 | 0.28% | Shares |
| CITADEL ADVISORS LLC | $100,990,673 | 395,004 | 0.28% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $97,960,218 | 383,151 | 0.28% | Shares |
| UBS Group AG | $95,079,071 | 371,882 | 0.27% | Shares |
| Robeco Institutional Asset Management B.V. | $93,461,448 | 365,555 | 0.26% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $91,885,068 | 359,389 | 0.26% | Shares |
| ALLIANCEBERNSTEIN L.P. | $90,536,328 | 370,777 | 0.25% | Shares |
| Bridgewater Associates, LP | $89,286,100 | 349,224 | 0.25% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $85,158,508 | 348,753 | 0.24% | Shares |
| Calamos Advisors LLC | $74,383,096 | 290,934 | 0.21% | Shares |
| Merewether Investment Management, LP | $73,784,317 | 288,592 | 0.21% | Shares |
| Man Group plc | $72,406,767 | 283,204 | 0.20% | Shares |
| AVIVA PLC | $69,667,263 | 272,489 | 0.20% | Shares |
| Quantinno Capital Management LP | $66,871,554 | 261,554 | 0.19% | Shares |
| MORGAN STANLEY | $65,949,309 | 257,947 | 0.19% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $65,148,040 | 254,813 | 0.18% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $64,470,770 | 252,164 | 0.18% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $64,125,360 | 250,813 | 0.18% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $60,123,357 | 235,160 | 0.17% | Shares |
| PRUDENTIAL FINANCIAL INC | $59,747,522 | 233,690 | 0.17% | Shares |
| HARRIS ASSOCIATES L P | $58,551,242 | 229,011 | 0.16% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $57,053,016 | 223,151 | 0.16% | Shares |
| ARS Investment Partners, LLC | $56,490,798 | 220,952 | 0.16% | Shares |
| Korea Investment CORP | $55,227,277 | 216,010 | 0.16% | Shares |
| MACKENZIE FINANCIAL CORP | $53,952,634 | 211,024 | 0.15% | Shares |
| MEYER HANDELMAN CO | $53,701,694 | 210,043 | 0.15% | Shares |
| HM PAYSON & CO | $53,398,383 | 208,857 | 0.15% | Shares |
| Pictet Asset Management Holding SA | $53,022,379 | 207,386 | 0.15% | Shares |
| Hosking Partners LLP | $52,884,317 | 206,846 | 0.15% | Shares |
| GABELLI FUNDS LLC | $52,719,154 | 206,200 | 0.15% | Shares |
| HighTower Advisors, LLC | $52,502,257 | 205,352 | 0.15% | Shares |
| FRANKLIN RESOURCES INC | $51,608,524 | 201,856 | 0.15% | Shares |
| Steward Partners Investment Advisory, LLC | $50,622,160 | 197,998 | 0.14% | Shares |
| JANE STREET GROUP, LLC | $48,398,331 | 189,300 | 0.14% | Put option |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $47,747,304 | 187,386 | 0.13% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $47,159,948 | 193,136 | 0.13% | Shares |
| CIBC WORLD MARKET INC. | $46,874,793 | 183,341 | 0.13% | Shares |
| Ensign Peak Advisors, Inc | $46,359,107 | 181,324 | 0.13% | Shares |
| Qube Research & Technologies Ltd | $45,601,813 | 178,362 | 0.13% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $45,251,033 | 176,990 | 0.13% | Shares |
| WOLVERINE TRADING, LLC | $43,498,458 | 221,400 | 0.12% | Call option |
| ROYAL LONDON ASSET MANAGEMENT LTD | $43,365,213 | 169,614 | 0.12% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $42,968,156 | 168,061 | 0.12% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $42,647,801 | 166,808 | 0.12% | Shares |
| PNC Financial Services Group, Inc. | $41,835,793 | 163,632 | 0.12% | Shares |
| FIRST TRUST ADVISORS LP | $41,765,152 | 163,356 | 0.12% | Shares |
| GREATMARK INVESTMENT PARTNERS, INC. | $41,328,800 | 161,649 | 0.12% | Shares |
| Maryland State Retirement & Pension System | $41,278,177 | 161,451 | 0.12% | Shares |
| TORTOISE CAPITAL ADVISORS, L.L.C. | $41,219,629 | 161,222 | 0.12% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $40,196,693 | 157,221 | 0.11% | Shares |
| NFJ INVESTMENT GROUP, LLC | $39,928,495 | 156,172 | 0.11% | Shares |
| Corient Private Wealth LP | $39,092,368 | 152,902 | 0.11% | Shares |
| Vinva Investment Management Ltd | $38,572,714 | 148,803 | 0.11% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $38,547,366 | 150,770 | 0.11% | Shares |
| Vanguard Investments Australia, Ltd. | $36,104,439 | 141,215 | 0.10% | Shares |
| TD Asset Management Inc | $36,007,284 | 140,835 | 0.10% | Shares |
Company insiders 58 insiders · 28 officers · 24 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Maryann T. Seaman | Chairman, President & CEO | Aug. 3, 2026 F | 110,939 | 0 | 0 | $0 |
| Timothy T. Griffith | President, Speedway LLC | May 14, 2021 A | 71,131 | 0 | 0 | $0 |
| Anthony R. Kenney | President, Speedway LLC | March 1, 2019 A | 50,396 | 0 | 0 | $0 |
| Ricky D. Hessling | Chief Commercial Officer | March 13, 2026 S | 7,525 | 0 | 5 | $-1,015,422 |
| Maria A Khoury | Exec VP & Chief Fin Ofc | Feb. 1, 2026 A | 1,574 | 0 | 0 | $0 |
| Molly R Benson | Chief Legal Ofc & Corp Sec | Dec. 12, 2025 F | 28,593 | 0 | 1 | $-1,773,277 |
| Michael J Hennigan | Executive Chairman | Dec. 12, 2025 F | 220,902 | 0 | 0 | $0 |
| Erin M Brzezinski | VP and Controller | March 3, 2025 F | 1,787 | 0 | 0 | $0 |
| Timothy J Aydt | Ex VP, Refining | March 3, 2025 F | 12,739 | 0 | 0 | $0 |
| John J Quaid | Exec VP & Chief Fin Ofc | March 3, 2025 F | 35,457 | 0 | 0 | $0 |
| Suzanne Gagle | Gen Counsel and SVP Gov Aff | Dec. 1, 2023 F | 45,837 | 0 | 0 | $0 |
| Carl Kristopher Hagedorn | Senior VP and Controller | Nov. 13, 2023 S | 5,480 | 0 | 0 | $0 |
| Thomas Kaczynski | SVP, Finance and Treasurer | Dec. 2, 2022 F | 7,871 | 0 | 0 | $0 |
| Raymond L Brooks | Ex. VP, Refining | May 23, 2022 M | 63,248 | 0 | 0 | $0 |
| Brian C Davis | Exec VP, Chief Commercial Ofc | March 1, 2021 A | 7,885 | 0 | 0 | $0 |
| Donald C. Templin | Executive Vice President | Jan. 29, 2021 A | 105,313 | 0 | 0 | $0 |
| Gary R. Heminger | Executive Chairman | April 28, 2020 A | 232,238 | 0 | 0 | $0 |
| Gregory James Goff | Exec Vice Chairman | Dec. 18, 2019 G | 1,452,514 | 0 | 0 | $0 |
| Thomas M. Kelley | Sr. Vice President, Marketing | May 30, 2018 M | 37,051 | 0 | 0 | $0 |
| David R Sauber | Sr. VP, HR, Health & Admin Srv | March 1, 2018 A | 19,308 | 0 | 0 | $0 |
| Michael C. Palmer | Sr. VP, Supply Distrib. & Plan | March 1, 2018 A | 61,569 | 0 | 0 | $0 |
| Rodney P. Nichols | Ex. VP, HR, Health & Admin. | Dec. 14, 2017 M | 57,239 | 0 | 0 | $0 |
| John S Swearingen | Sr. VP, Trans. & Logistics | March 1, 2017 A | 46,995 | 0 | 0 | $0 |
| Richard D. Bedell | Sr. Vice President, Refining | Feb. 29, 2016 F | 51,408 | 0 | 0 | $0 |
| Michael J. Wilder | VP, General Counsel & Sec | Feb. 29, 2016 F | 23,958 | 0 | 0 | $0 |
| Beall Pamela K.M. | Senior Vice President, Corporate Planning, Government and Public Affairs | Dec. 10, 2015 M | 35,826 | 0 | 0 | $0 |
| George P. Shaffner | Senior Vice President, Health, Environment, Safety and Security | May 6, 2015 M | 14,282 | 0 | 0 | $0 |
| Michael G. Braddock | VP & Chief Acctg Officer | Aug. 8, 2014 M | 7,312 | 0 | 0 | $0 |
| Kimberly N Ellison-Taylor | Director | April 30, 2026 A | 3,203 | 0 | 0 | $0 |
| Drake Eileen P. | Director | April 30, 2026 A | 3,203 | 0 | 0 | $0 |
| Abdulaziz Fahd Al Khayyal | Director | April 30, 2026 A | 25,951 | 0 | 0 | $0 |
| Evan Bayh | Director | April 30, 2026 A | 73,001 | 0 | 0 | $0 |
| Michael J Stice | Director | April 30, 2026 A | 24,721 | 0 | 0 | $0 |
| Kim K.W. Rucker | Director | April 30, 2026 A | 19,955 | 0 | 0 | $0 |
| Frank M Semple | Director | April 30, 2026 A | 14,720 | 0 | 0 | $0 |
| John P Surma | Director | April 30, 2026 A | 60,901 | 0 | 0 | $0 |
| Jeffrey C Campbell | Director | April 30, 2026 A | 2,581 | 0 | 0 | $0 |
| Jonathan Z Cohen | Director | April 30, 2026 A | 16,235 | 0 | 0 | $0 |
| Charles E Bunch | Director | April 1, 2025 A | 34,734 | 0 | 0 | $0 |
| Edward G Galante | Director | April 1, 2025 A | 23,976 | 0 | 0 | $0 |
| Susan Tomasky | Director | April 1, 2025 A | 28,233 | 0 | 0 | $0 |
| Toni Townes-Whitley | Director | April 3, 2023 A | 395 | 0 | 0 | $0 |
| Steven A Davis | Director | July 1, 2022 A | 32,496 | 0 | 0 | $0 |
| Donna James | Director | July 2, 2018 A | 32,467 | 0 | 0 | $0 |
| David A Daberko | Director | April 2, 2018 A | 152,463 | 0 | 0 | $0 |
| Thomas J Usher | Director | April 1, 2016 A | 82,745 | 0 | 0 | $0 |
| William L Davis | Director | April 1, 2016 A | 129,013 | 0 | 0 | $0 |
| Seth E Schofield | Director | April 1, 2015 A | 89,139 | 0 | 0 | $0 |
| Charles R Lee | Director | April 1, 2015 A | 107,662 | 0 | 0 | $0 |
| MARATHON OIL CO/NEW | 10% owner | June 30, 2011 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Marathon Petroleum Corporation, MPC Investment LLC, MPLX Logistics Holdings LLC, MPLX GP LLC, Andeavor LLC, Western Refining, Inc., TTC Holdings LLC, Giant Industries, Inc. ×24 filings | May 10, 2024 | — | Initial filing | — | SEC |
| JANA PARTNERS LLC ×2 filings | Feb. 10, 2012 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 205 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IEO · iShares Trust | 10.90% | 198,458 SH | Aug. 8, 2026 | Daily |
| TNGY · Tortoise Capital Series Trust | 7.81% | 166,914 NS | May 31, 2026 | N-PORT |
| PXI · Invesco Exchange-Traded Fund Trust | 6.27% | 10,656 SH | Aug. 8, 2026 | Daily |
| PXE · Invesco Exchange-Traded Fund Trust | 5.94% | 15,950 SH | Aug. 8, 2026 | Daily |
| RSPG · Invesco Exchange-Traded Fund Trust | 5.22% | 98,508 SH | Aug. 8, 2026 | Daily |
| IYE · iShares Trust | 3.94% | 225,291 SH | Aug. 8, 2026 | Daily |
| GXPE · Global X Funds | 3.55% | 282 NS | May 31, 2026 | N-PORT |
| VDE · VANGUARD WORLD FUND | 3.38% | 1,457,424 SH | Aug. 8, 2026 | Daily |
| MDPL · Northern Lights Fund Trust IV | 3.16% | 7,718 NS | May 31, 2026 | N-PORT |
| ESN · Northern Lights Fund Trust II | 3.10% | 34,716 NS | May 31, 2026 | N-PORT |
| FENY · FIDELITY COVINGTON TRUST | 2.94% | 240,053 NS | April 30, 2026 | N-PORT |
| DIG · ProShares Trust | 2.78% | 8,353 NS | May 31, 2026 | N-PORT |
| ERX · Direxion Shares ETF Trust | 2.71% | 30,205 NS | April 30, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 2.65% | 157,285 SH | Aug. 8, 2026 | Daily |
| EQRR · ProShares Trust | 2.57% | 6,413 NS | May 31, 2026 | N-PORT |
| IXC · iShares Trust | 2.47% | 218,545 SH | Aug. 8, 2026 | Daily |
| QDIV · Global X Funds | 2.31% | 3,044 NS | May 31, 2026 | N-PORT |
| IGE · iShares Trust | 2.31% | 57,966 SH | Aug. 8, 2026 | Daily |
| BMVP · Invesco Exchange-Traded Fund Trust | 1.98% | 7,014 SH | Aug. 8, 2026 | Daily |
| LYLD · Cambria ETF Trust | 1.97% | 478 NS | April 30, 2026 | N-PORT |
| FXN · First Trust Exchange-Traded AlphaDE… | 1.93% | 94,337 NS | April 30, 2026 | N-PORT |
| GUSH · Direxion Shares ETF Trust | 1.88% | 22,511 NS | April 30, 2026 | N-PORT |
| COWZ · Pacer Funds Trust | 1.78% | 1,302,511 NS | April 30, 2026 | N-PORT |
| QQWZ · Pacer Funds Trust | 1.77% | 3,326 NS | April 30, 2026 | N-PORT |
| RPV · Invesco Exchange-Traded Fund Trust | 1.33% | 76,098 SH | Aug. 8, 2026 | Daily |
| UPSD · ETF Series Solutions | 1.32% | 5,352 NS | April 30, 2026 | N-PORT |
| VOE · VANGUARD INDEX FUNDS | 1.29% | 1,875,313 SH | Aug. 8, 2026 | Daily |
| IWP · iShares Trust | 1.28% | 867,520 SH | Aug. 8, 2026 | Daily |
| SPVM · Invesco Exchange-Traded Fund Trust | 1.28% | 5,614 SH | Aug. 8, 2026 | Daily |
| LSEQ · Harbor ETF Trust | 1.11% | 688 NS | April 30, 2026 | N-PORT |
| BKDV · BNY Mellon ETF Trust II | 1.05% | 58,687 NS | April 30, 2026 | N-PORT |
| FLCV · Federated Hermes ETF Trust | 0.98% | 3,807 NS | May 31, 2026 | N-PORT |
| SYLD · Cambria ETF Trust | 0.96% | 37,030 NS | April 30, 2026 | N-PORT |
| NRES · DBX ETF Trust | 0.82% | 1,213 NS | May 31, 2026 | N-PORT |
| EQIN · Columbia ETF Trust I | 0.81% | 9,041 NS | April 30, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.81% | 333 NS | May 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.78% | 184,824 NS | April 30, 2026 | N-PORT |
| SPVU · Invesco Exchange-Traded Fund Trust … | 0.76% | 4,133 NS | May 31, 2026 | N-PORT |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.76% | 18,520 NS | April 30, 2026 | N-PORT |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.75% | 250,184 SH | Aug. 8, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.72% | 6,326,596 SH | Aug. 8, 2026 | Daily |
| AMZA · ETFis Series Trust I | 0.70% | 13,140 NS | April 30, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.68% | 7,457 NS | May 29, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.67% | 52,475 SH | Aug. 8, 2026 | Daily |
| IWR · iShares Trust | 0.63% | 1,197,874 SH | Aug. 8, 2026 | Daily |
| FNDX · SCHWAB STRATEGIC TRUST | 0.63% | 644,333 NS | May 31, 2026 | N-PORT |
| PALC · Pacer Funds Trust | 0.62% | 5,789 NS | April 30, 2026 | N-PORT |
| IMCV · iShares Trust | 0.62% | 23,989 SH | Aug. 8, 2026 | Daily |
| DIVB · iShares Trust | 0.62% | 36,334 SH | Aug. 8, 2026 | Daily |
| LRGF · iShares Trust | 0.60% | 73,822 SH | Aug. 8, 2026 | Daily |