NYSE · Financial Statements

Murphy USA Inc. (MUSA) Financial Statements

$534.63 NYSE: MUSA Market Cap $9.83B

Murphy USA Inc. most recently reported annual revenue of $19.4B, net profit of $471.0M. Revenue grew at an average annual rate of 11.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Murphy USA Inc.: Revenue rose from $11.6B in 2016 to $19.4B in 2025, a change of +67.2% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 2.6% to 3.8%, a shift of +1.2 percentage points; the most recent year shows net profit of $471.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$11.6B$12.8B$14.4B$14.0B$11.3B$17.4B$23.4B$21.5B$20.2B$19.4B
Operating Expenses$11.3B$12.5B$14.0B$13.8B$10.7B$16.8B$22.5B$20.7B$19.5B$18.6B
Operating Profit$300.0M$283.0M$325.0M$269.0M$559.0M$604.0M$968.0M$826.0M$743.0M$739.0M
Operating Margin2.6%2.2%2.3%1.9%5.0%3.5%4.1%3.8%3.7%3.8%
Other Income$52.0M$-43.0M$-51.0M$-66.0M$-50.0M$-82.0M$-85.0M$-92.0M$-91.0M$-130.0M
Interest$40.0M$47.0M$53.0M$55.0M$51.0M$82.0M$86.0M$99.0M$97.0M$111.0M
Depreciation$100.0M$119.0M$136.0M$154.0M$163.0M$215.0M$223.0M$232.0M$248.0M$280.0M
Profit Before Tax$352.0M$240.0M$274.0M$202.0M$509.0M$522.0M$884.0M$734.0M$652.0M$609.0M
Tax$37.1M$-2.2M$22.0M$23.5M$24.2M$23.9M$23.9M$24.2M$22.9M$22.8M
Net Profit$221.0M$245.0M$214.0M$155.0M$386.0M$397.0M$673.0M$557.0M$503.0M$471.0M
EPS$5.59$6.78$6.48$4.86$13.08$14.92$28.10$25.49$24.11$24.10
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$5.8B$5.1B$4.8B$5.5B$5.2B$4.7B$4.5B$5.0B$5.1B$4.7B$4.8B$6.8B
Operating Expenses$5.6B$4.9B$4.7B$5.2B$5.0B$4.5B$4.4B$4.8B$4.9B$4.5B$4.6B$6.5B
Operating Profit$247.0M$217.0M$105.0M$217.0M$222.0M$199.0M$88.0M$219.0M$214.0M$217.0M$205.0M$305.0M
Operating Margin4.3%4.3%2.2%4.0%4.2%4.2%1.9%4.4%4.2%4.6%4.3%4.5%
Interest$25.0M$24.0M$25.0M$25.0M$24.0M$23.0M$25.0M$28.0M$29.0M$29.0M$29.0M$29.0M
Profit Before Tax$223.0M$196.0M$82.0M$193.0M$199.0M$178.0M$62.0M$193.0M$173.0M$181.0M$176.0M$278.0M
Tax$24.9M$23.6M$19.4M$25.1M$24.9M$19.9M$14.1M$24.4M$25.1M$21.8M$22.6M$24.7M
Net Profit$168.0M$150.0M$66.0M$145.0M$149.0M$143.0M$53.0M$146.0M$130.0M$142.0M$136.0M$209.0M
EPS$7.69$7.00$3.12$6.92$7.20$6.96$2.63$7.37$6.75$7.53$7.28$11.27

Over the 10 years reported for Murphy USA Inc., borrowings increased from $670.0M in 2016 to $3.3B in 2025, cash stood at $29.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 0.81 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$2.1B$2.3B$2.4B$2.7B$2.7B$4.0B$4.1B$4.3B$4.5B$4.7B
Current Assets$516.0M$614.0M$570.0M$711.0M$625.0M$768.0M$727.0M$827.0M$748.0M$748.0M
Cash$154.0M$170.0M$185.0M$280.0M$164.0M$256.0M$61.0M$118.0M$47.0M$29.0M
Inventory$153.0M$182.0M$222.0M$228.0M$279.0M$292.0M$319.0M$341.0M$402.0M$413.0M
Receivables$184.0M$225.0M$139.0M$173.0M$169.0M$196.0M$282.0M$337.0M$269.0M$276.0M
Fixed Assets$1.5B$1.7B$1.7B$1.9B$2.0B$2.8B$2.9B$3.0B$3.3B$3.5B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$22.0M$12.0M$0$0
Other Assets$0$0$0$0$0$328.0M$328.0M$328.0M$328.0M$328.0M
Total Liabilities$1.4B$1.6B$1.6B$1.9B$1.9B$3.2B$3.5B$3.5B$3.7B$4.1B
Current Liabilities$515.0M$533.0M$478.0M$505.0M$531.0M$675.0M$854.0M$873.0M$948.0M$929.0M
Borrowings$670.0M$881.0M$863.0M$1.2B$1.1B$2.2B$2.3B$2.3B$2.4B$3.3B
Other Liabilities$721.0M$723.0M$690.0M$721.0M$757.0M$999.0M$1.2B$1.2B$1.3B$851.0M
Equity$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Reserves$697.0M$738.0M$807.0M$803.0M$784.0M$807.0M$641.0M$829.0M$840.0M$624.0M

For Murphy USA Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $374.0M; free cash flow was positive in 10 of 10 years; financing activities used $673.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$337.0M$284.0M$399.0M$313.0M$564.0M$737.0M$995.0M$784.0M$848.0M$814.0M
Investing Cash Flow$-397.0M$-520.0M$-413.0M$-408.0M$-455.0M$-1.2B$-625.0M$-659.0M$-904.0M$-876.0M
Financing Cash Flow$-331.0M$-213.0M$-154.0M$-185.0M$-410.0M$-372.0M$-826.0M$-354.0M$-476.0M$-673.0M
Net Cash Flow$51.0M$16.0M$15.0M$96.0M$-117.0M$93.0M$-196.0M$57.0M$-71.0M$-18.0M
Free Cash Flow$75.0M$25.0M$194.0M$109.0M$333.0M$463.0M$689.0M$448.0M$390.0M$374.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.44
EV / EBITDA10.57
FCF Yield5.69%
Quick Ratio0.54
Interest Coverage8.12
Return 1Y44.88%
Return 3Y47.01%
Return 5Y215.13%

Murphy USA Inc. (MUSA) financials — frequently asked questions

What is Murphy USA Inc.'s annual revenue?

Murphy USA Inc. (MUSA) reported annual revenue of $19.4B in its most recent fiscal year.

What is Murphy USA Inc.'s net profit?

Murphy USA Inc. (MUSA) reported net profit of $471.0M in its most recent fiscal year.

What is MUSA EV/EBITDA?

Murphy USA Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 10.57.

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