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Marathon Petroleum vs Phillips 66

Marathon Petroleum and Phillips 66 are similar in size: $132.70bn and $132.38bn of revenue in their latest fiscal years. Marathon Petroleum grew faster (-4.4% against -7.5%). Phillips 66 kept more of each dollar of sales as profit: a net margin of 3.3% against 3.0%.

Latest fiscal yearMarathon PetroleumMPC, 2025Phillips 66PSX, 2025
Revenue $132.70bn $132.38bn
Revenue growth -4.4% -7.5%
Net income $4.05bn $4.40bn
Operating margin — —
Net margin 3.0% 3.3%
Return on equity 23.1% 15.6%
Free cash flow $4.77bn —
Cash $3.67bn $1.12bn
Total debt $33.30bn $19.72bn
Debt to equity — 67.8%
Dividend per share $3.73 $4.75
Dividend yield 1.0% 1.8%
Share buybacks $3.49bn $1.21bn
Employees 18,500 12,600
Market value $124.25bn $109.16bn
Price vs our value range — Within our value range
Moat score 54 (Moderate) 42 (Weak)
Insider trades, 12 months 0 buys, 16 sales 2 buys, 29 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.