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MARATHON PETROLEUM CORPORATION FY 2025 10-K, explained in plain English

MPC · 10-K for the period ending December 31, 2025, filed February 26, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$132.7B
Gross margin10.0%
Operating income$8.3B
Net income$4.0B
Diluted EPS$13.22
Cash & equivalents$3.7B
Total assets$84.0B
Long-term debt$30.5B

Key takeaway

MPC reported $132.7 billion in revenue and $4.0 billion in net income for fiscal 2025, with an effective tax rate of 16.2%.

🔒 4 more takeaways in the full analysis

Beneath the surface

Cash of only $3.67 billion against total debt of $33.3 billion implies a substantial net debt position of roughly $29.6 billion, far more leveraged than the headline cash figure alone suggests.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for MPC.

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