Marathon Petroleum annual debt-to-equity ratio
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2025
Marathon Petroleum Debt-to-Equity Ratio Growth & History (MPC)
Marathon Petroleum's debt-to-equity ratio was 2.01 for fiscal 2025.
View full Marathon Petroleum company overviewMarathon Petroleum annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.01 | 0.37 | +22.63% |
| 2024 | 2024-12-31 | 1.64 | 0.46 | +38.65% |
| 2023 | 2023-12-31 | 1.18 | 0.16 | +15.77% |
| 2022 | 2022-12-31 | 1.02 | −0.02 | −2.07% |
| 2021 | 2021-12-31 | 1.04 | −0.47 | −31.05% |
| 2020 | 2020-12-31 | 1.51 | 0.59 | +64.39% |
| 2019 | 2019-12-31 | 0.92 | 0.12 | +15.60% |
| 2018 | 2018-12-31 | 0.80 | −0.16 | −16.81% |
| 2017 | 2017-12-31 | 0.96 | 0.14 | +17.11% |
| 2016 | 2016-12-31 | 0.82 | −0.13 | −13.36% |
| 2015 | 2015-12-31 | 0.94 | 0.32 | +52.20% |
| 2014 | 2014-12-31 | 0.62 | 0.31 | +99.16% |
| 2013 | 2013-12-31 | 0.31 | 0.02 | +8.36% |
| 2012 | 2012-12-31 | 0.29 | −0.06 | −17.34% |
| 2011 | 2011-12-31 | 0.35 | 0.31 | +925.57% |
| 2010 | 2010-12-31 | 0.03 | — | — |
Marathon Petroleum quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.82 | −0.01 | −0.43% |
| Q1 2026 | 2026-03-31 | 2.08 | 0.09 | +4.69% |
| Q4 2025 | 2025-12-31 | 2.01 | 0.37 | +22.63% |
| Q3 2025 | 2025-09-30 | 2.03 | 0.46 | +29.05% |
| Q2 2025 | 2025-06-30 | 1.83 | 0.40 | +28.02% |
| Q1 2025 | 2025-03-31 | 1.98 | 0.72 | +57.49% |
| Q4 2024 | 2024-12-31 | 1.64 | 0.46 | +38.65% |
| Q3 2024 | 2024-09-30 | 1.57 | 0.45 | +40.33% |
| Q2 2024 | 2024-06-30 | 1.43 | 0.30 | +26.93% |
| Q1 2024 | 2024-03-31 | 1.26 | 0.18 | +16.90% |
| Q4 2023 | 2023-12-31 | 1.18 | 0.16 | +15.77% |
| Q3 2023 | 2023-09-30 | 1.12 | 0.04 | +4.01% |
| Q2 2023 | 2023-06-30 | 1.13 | 0.04 | +4.04% |
| Q1 2023 | 2023-03-31 | 1.08 | −0.11 | −9.29% |
| Q4 2022 | 2022-12-31 | 1.02 | −0.02 | −2.07% |
| Q3 2022 | 2022-09-30 | 1.08 | 0.04 | +4.24% |
| Q2 2022 | 2022-06-30 | 1.08 | 0.04 | +3.38% |
| Q1 2022 | 2022-03-31 | 1.19 | −0.41 | −25.53% |
| Q4 2021 | 2021-12-31 | 1.04 | −0.47 | −31.05% |
| Q3 2021 | 2021-09-30 | 1.03 | −0.48 | −31.83% |
| Q2 2021 | 2021-06-30 | 1.05 | −0.43 | −29.20% |
| Q1 2021 | 2021-03-31 | 1.59 | 0.16 | +10.91% |
| Q4 2020 | 2020-12-31 | 1.51 | 0.59 | +64.39% |
| Q3 2020 | 2020-09-30 | 1.51 | 0.57 | +60.41% |
| Q2 2020 | 2020-06-30 | 1.48 | 0.56 | +60.27% |
| Q1 2020 | 2020-03-31 | 1.44 | 0.51 | +55.71% |
| Q4 2019 | 2019-12-31 | 0.92 | 0.12 | +15.60% |
| Q3 2019 | 2019-09-30 | 0.94 | −0.31 | −24.54% |
| Q2 2019 | 2019-06-30 | 0.92 | −0.27 | −22.53% |
| Q1 2019 | 2019-03-31 | 0.92 | −0.27 | −22.31% |
| Q4 2018 | 2018-12-31 | 0.80 | −0.16 | −16.81% |
| Q3 2018 | 2018-09-30 | 1.25 | 0.22 | +21.87% |
| Q2 2018 | 2018-06-30 | 1.19 | 0.15 | +14.74% |
| Q1 2018 | 2018-03-31 | 1.19 | 0.18 | +18.43% |
| Q4 2017 | 2017-12-31 | 0.96 | 0.14 | +17.11% |
| Q3 2017 | 2017-09-30 | 1.03 | 0.20 | +24.10% |
| Q2 2017 | 2017-06-30 | 1.04 | 0.18 | +20.80% |
| Q1 2017 | 2017-03-31 | 1.00 | 0.07 | +6.94% |
| Q4 2016 | 2016-12-31 | 0.82 | −0.13 | −13.36% |
| Q3 2016 | 2016-09-30 | 0.83 | 0.28 | +50.34% |
| Q2 2016 | 2016-06-30 | 0.86 | 0.28 | +47.89% |
| Q1 2016 | 2016-03-31 | 0.94 | 0.34 | +57.21% |
| Q4 2015 | 2015-12-31 | 0.94 | 0.32 | +52.20% |
| Q3 2015 | 2015-09-30 | 0.55 | −0.03 | −5.02% |
| Q2 2015 | 2015-06-30 | 0.58 | 0.24 | +69.44% |
| Q1 2015 | 2015-03-31 | 0.60 | 0.24 | +68.70% |
| Q4 2014 | 2014-12-31 | 0.62 | 0.31 | +99.16% |
| Q3 2014 | 2014-09-30 | 0.58 | 0.27 | +84.77% |
| Q2 2014 | 2014-06-30 | 0.34 | 0.05 | +18.55% |
| Q1 2014 | 2014-03-31 | 0.35 | 0.07 | +24.44% |
| Q4 2013 | 2013-12-31 | 0.31 | 0.02 | +8.36% |
| Q3 2013 | 2013-09-30 | 0.31 | 0.02 | +7.54% |
| Q2 2013 | 2013-06-30 | 0.29 | −0.03 | −10.29% |
| Q1 2013 | 2013-03-31 | 0.28 | −0.08 | −21.12% |
| Q4 2012 | 2012-12-31 | 0.29 | −0.06 | −17.34% |
| Q3 2012 | 2012-09-30 | 0.29 | −0.04 | −11.22% |
| Q2 2012 | 2012-06-30 | 0.32 | −0.04 | −11.66% |
| Q1 2012 | 2012-03-31 | 0.36 | — | — |
| Q4 2011 | 2011-12-31 | 0.35 | 0.31 | +925.57% |
| Q3 2011 | 2011-09-30 | 0.33 | — | — |
| Q2 2011 | 2011-06-30 | 0.36 | — | — |
| Q4 2010 | 2010-12-31 | 0.03 | — | — |
Marathon Petroleum debt-to-equity ratio trends
Over the last five fiscal years, Marathon Petroleum's debt-to-equity ratio increased from 1.51 to 2.01, a change of 0.50. The latest reported quarter, Q2 2026, shows 1.82.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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