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Marathon Petroleum vs Valero Energy

Marathon Petroleum and Valero Energy are similar in size: $132.70bn and $122.69bn of revenue in their latest fiscal years. Marathon Petroleum grew faster (-4.4% against -5.5%). Marathon Petroleum kept more of each dollar of sales as profit: a net margin of 3.0% against 1.9%.

Latest fiscal yearMarathon PetroleumMPC, 2025Valero EnergyVLO, 2025
Revenue $132.70bn $122.69bn
Revenue growth -4.4% -5.5%
Net income $4.05bn $2.35bn
Operating margin — 2.6%
Net margin 3.0% 1.9%
Return on equity 23.1% 9.7%
Free cash flow $4.77bn $5.83bn
Cash $3.67bn $4.69bn
Total debt $33.30bn $10.62bn
Debt to equity — 44.8%
Dividend per share $3.73 $4.52
Dividend yield 1.0% 1.3%
Share buybacks $3.49bn $2.60bn
Employees 18,500 9,811
Market value $124.25bn $110.86bn
Price vs our value range — Within our value range
Moat score 54 (Moderate) 44 (Weak)
Insider trades, 12 months 0 buys, 16 sales 0 buys, 7 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.