Marathon Petroleum annual free cash flow
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2025
Marathon Petroleum Free Cash Flow (FCF) History (MPC)
Marathon Petroleum reported $4.77B in free cash flow for fiscal 2025, a decrease of 22.26% from the previous fiscal year, with a free cash flow margin of 3.59%.
View full Marathon Petroleum company overviewMarathon Petroleum free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.77B | −$1.36B | −22.26% | +3.59% |
| 2024 | 2024-12-31 | $6.13B | −$6.09B | −49.85% | +4.42% |
| 2023 | 2023-12-31 | $12.23B | −$1.71B | −12.29% | +8.24% |
| 2022 | 2022-12-31 | $13.94B | $11.04B | +381.39% | +7.86% |
| 2021 | 2021-12-31 | $2.90B | $3.26B | — | +2.41% |
| 2020 | 2020-12-31 | −$368.0M | −$5.00B | — | −0.53% |
| 2019 | 2019-12-31 | $4.63B | $1.65B | +55.45% | +4.17% |
| 2018 | 2018-12-31 | $2.98B | −$901.0M | −23.22% | +3.46% |
| 2017 | 2017-12-31 | $3.88B | $2.75B | +244.89% | +5.19% |
| 2016 | 2016-12-31 | $1.13B | −$950.0M | −45.78% | +1.78% |
| 2015 | 2015-12-31 | $2.08B | $445.0M | +27.30% | +2.88% |
| 2014 | 2014-12-31 | $1.63B | −$569.0M | −25.88% | +1.67% |
| 2013 | 2013-12-31 | $2.20B | −$924.0M | −29.59% | +2.20% |
| 2012 | 2012-12-31 | $3.12B | $999.0M | +47.03% | +3.80% |
| 2011 | 2011-12-31 | $2.12B | $1.12B | +112.40% | +2.70% |
| 2010 | 2010-12-31 | $1.00B | $1.44B | — | +1.60% |
| 2009 | 2009-12-31 | −$436.0M | — | — | −0.96% |
Marathon Petroleum quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $9.14B | $7.20B | +370.22% | +17.58% |
| Q1 2026 | 2026-03-31 | $208.0M | $935.0M | — | +0.61% |
| Q4 2025 | 2025-12-31 | $1.89B | $491.0M | +35.15% | +5.80% |
| Q3 2025 | 2025-09-30 | $1.66B | $629.0M | +60.89% | +4.77% |
| Q2 2025 | 2025-06-30 | $1.94B | −$811.0M | −29.44% | +5.75% |
| Q1 2025 | 2025-03-31 | −$727.0M | −$1.67B | — | −2.31% |
| Q4 2024 | 2024-12-31 | $1.40B | $806.0M | +136.38% | +4.22% |
| Q3 2024 | 2024-09-30 | $1.03B | −$3.50B | −77.21% | +2.94% |
| Q2 2024 | 2024-06-30 | $2.75B | −$748.0M | −21.35% | +7.27% |
| Q1 2024 | 2024-03-31 | $947.0M | −$2.65B | −73.69% | +2.90% |
| Q4 2023 | 2023-12-31 | $591.0M | −$3.06B | −83.83% | +1.63% |
| Q3 2023 | 2023-09-30 | $4.53B | $2.72B | +150.03% | +11.08% |
| Q2 2023 | 2023-06-30 | $3.50B | −$2.95B | −45.72% | +9.64% |
| Q1 2023 | 2023-03-31 | $3.60B | $1.58B | +78.39% | +10.33% |
| Q4 2022 | 2022-12-31 | $3.66B | $463.0M | +14.50% | +9.18% |
| Q3 2022 | 2022-09-30 | $1.81B | $3.34B | — | +3.96% |
| Q2 2022 | 2022-06-30 | $6.45B | $5.38B | +498.70% | +12.00% |
| Q1 2022 | 2022-03-31 | $2.02B | $1.87B | +1245.33% | +5.30% |
| Q4 2021 | 2021-12-31 | $3.19B | $2.32B | +266.59% | +9.04% |
| Q3 2021 | 2021-09-30 | −$1.52B | −$2.21B | — | −4.72% |
| Q2 2021 | 2021-06-30 | $1.08B | $1.28B | — | +3.64% |
| Q1 2021 | 2021-03-31 | $150.0M | $1.87B | — | +0.66% |
| Q4 2020 | 2020-12-31 | $871.0M | −$189.0M | −17.83% | +4.85% |
| Q3 2020 | 2020-09-30 | $687.0M | −$1.06B | −60.63% | +3.95% |
| Q2 2020 | 2020-06-30 | −$207.0M | −$1.65B | — | −1.70% |
| Q1 2020 | 2020-03-31 | −$1.72B | −$2.10B | — | −7.74% |
| Q4 2019 | 2019-12-31 | $1.06B | −$803.0M | −43.10% | +4.86% |
| Q3 2019 | 2019-09-30 | $1.75B | $1.41B | +424.02% | +6.33% |
| Q2 2019 | 2019-06-30 | $1.44B | −$231.0M | −13.79% | +4.31% |
| Q1 2019 | 2019-03-31 | $382.0M | $1.27B | — | +1.35% |
| Q4 2018 | 2018-12-31 | $1.86B | −$78.0M | −4.02% | +8.43% |
| Q3 2018 | 2018-09-30 | $333.0M | −$910.0M | −73.21% | +1.45% |
| Q2 2018 | 2018-06-30 | $1.68B | $1.48B | +745.96% | +7.51% |
| Q1 2018 | 2018-03-31 | −$892.0M | −$1.39B | — | −4.77% |
| Q4 2017 | 2017-12-31 | $1.94B | $1.67B | +618.89% | — |
| Q3 2017 | 2017-09-30 | $1.24B | $1.55B | — | +6.52% |
| Q2 2017 | 2017-06-30 | $198.0M | −$1.38B | −87.48% | +1.10% |
| Q1 2017 | 2017-03-31 | $498.0M | $913.0M | — | — |
| Q4 2016 | 2016-12-31 | $270.0M | $171.0M | +172.73% | — |
| Q3 2016 | 2016-09-30 | −$311.0M | −$867.0M | — | — |
| Q2 2016 | 2016-06-30 | $1.58B | $962.0M | +155.41% | — |
| Q1 2016 | 2016-03-31 | −$415.0M | −$1.22B | — | — |
| Q4 2015 | 2015-12-31 | $99.0M | $239.0M | — | — |
| Q3 2015 | 2015-09-30 | $556.0M | −$139.0M | −20.00% | — |
| Q2 2015 | 2015-06-30 | $619.0M | $43.0M | +7.47% | — |
| Q1 2015 | 2015-03-31 | $801.0M | $302.0M | +60.52% | — |
| Q4 2014 | 2014-12-31 | −$140.0M | −$1.02B | — | — |
| Q3 2014 | 2014-09-30 | $695.0M | $597.0M | +609.18% | — |
| Q2 2014 | 2014-06-30 | $576.0M | $1.24B | — | — |
| Q1 2014 | 2014-03-31 | $499.0M | −$1.39B | −73.51% | — |
| Q4 2013 | 2013-12-31 | $882.0M | −$758.0M | −46.22% | — |
| Q3 2013 | 2013-09-30 | $98.0M | −$1.40B | −93.48% | — |
| Q2 2013 | 2013-06-30 | −$665.0M | −$608.0M | — | — |
| Q1 2013 | 2013-03-31 | $1.88B | $1.85B | +4857.89% | — |
| Q4 2012 | 2012-12-31 | $1.64B | $1.34B | +452.19% | +7.93% |
| Q3 2012 | 2012-09-30 | $1.50B | $110.0M | +7.90% | +7.14% |
| Q2 2012 | 2012-06-30 | −$57.0M | $180.0M | — | −0.28% |
| Q1 2012 | 2012-03-31 | $38.0M | −$634.0M | −94.35% | +0.19% |
| Q4 2011 | 2011-12-31 | $297.0M | $589.0M | — | +1.53% |
| Q3 2011 | 2011-09-30 | $1.39B | — | — | +6.75% |
| Q2 2011 | 2011-06-30 | −$237.0M | — | — | −1.14% |
| Q1 2011 | 2011-03-31 | $672.0M | — | — | +3.77% |
| Q3 2010 | 2010-09-30 | −$292.0M | — | — | −1.84% |
Marathon Petroleum free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$368.0M to $4.77B, a net increase of $5.13B. Marathon Petroleum's latest reported quarter, Q2 2026, generated $9.14B in free cash flow, an increase of 370.22% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Marathon Petroleum filings at SEC.gov ↗