Marathon Petroleum Gross Margin 2010-2024 | MPC
- Marathon Petroleum average gross margin for 2023 was 14.81%, a 24.35% decline from 2022.
- Marathon Petroleum average gross margin for 2022 was 11.91%, a 73.62% increase from 2021.
- Marathon Petroleum average gross margin for 2021 was 6.86%, a 20.79% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.