The Filing Desk

Marathon Petroleum vs PBF Energy

Marathon Petroleum MPC · PBF Energy PBF · Oil & Gas Refining & Marketing

Marathon Petroleum reported revenue of $132.7 billion in fiscal 2025, 4.5 times PBF Energy's $29.3 billion in fiscal 2025. Marathon Petroleum's revenue fell 4.4% in its latest year, and PBF Energy's fell 11.4%. Marathon Petroleum had an operating margin of 6.2%, against -0.2% at PBF Energy. Free cash flow was $4.8 billion at Marathon Petroleum and −$783 million at PBF Energy.

Side by side

Marathon PetroleumPBF Energy
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$132.7B$29.3B
Revenue growth−4.4%−11.4%
Revenue growth a year, last 5 years13.7%14.2%
Gross margin10.0%−1.9%
Operating margin6.2%−0.2%
Net margin3.0%−0.5%
Free cash flow$4.8B−$783M
Free cash flow margin3.6%−2.7%
Return on capital13.6%−0.6%
Net debt to EBITDA2.5x5.2x
Dividends and buybacks$4.6B$126M
Change in diluted share count−10.3%−1.9%
Last close$470.64$80.55
P/E at the last close16.2×7.1×
Insider trades, last 12 monthssold $13.9 millionsold $1.0 billion
Piotroski F-score8 of 94 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Marathon PetroleumPBF Energy
Operating margin
Percent of revenue
Marathon PetroleumPBF Energy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Marathon PetroleumPBF Energy

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Marathon Petroleum and PBF Energy pages.