Marathon Petroleum Corporation — Earnings Quality Grade F
MPC · Energy
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 28 days, change -1 days YoY
AR growth -7.4% vs revenue growth -4.4%
Revenue -4.4%, CFFO -4.8%. Cash follows revenue
Expense Quality
Inventory 5.9% vs COGS -5.3%. Normal
CapEx growth 37.6% is >2x revenue growth -4.4%
SG&A/Gross Profit = 33.5%. Normal
Gross margin 7.5%, change +0.8pp. Stable
Cash Flow Quality
CFFO/NI = 2.04. Profits backed by cash
FCF $4.8B, FCF/NI = 1.18
Accruals ratio = -5.0%. Low accruals
Cash $3.7B covers only 11% of debt $34.4B
Balance Sheet Health
Goodwill+Intangibles $12.1B = 70% of equity. Over 50%
Debt/EBITDA = 2.9x. Healthy
Other assets 17.7% vs revenue -4.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 20% YoY. Normal
Manipulation Score
M-Score = -2.84 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10