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Murphy USA Inc (MUSA) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

CONSUMER CYCLICAL · SPECIALTY RETAIL · DATA UPDATED 2026-09-19

Murphy USA Inc (MUSA) operates in the SPECIALTY RETAIL industry and is headquartered in El Dorado, United States with about 5,900 employees. Its market capitalization is roughly $10 billion. In the fiscal year ended 2025-12-31, MUSA reported $19.4B in revenue and $471M in net income.

Murphy USA Inc., together with subsidiaries, engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores.

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MUSA Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-31
Total Revenue$21.5B$19.4B$20.2B$21.5B$23.4B$17.4B$11.3B$14.0B$14.4B$12.8B$11.6B$12.7B$17.0B$18.1B$19.3B$18.9B$15.6B
Gross Profit$971M$2.3B$2.3B$2.4B$1.8B$1.4B$1.1B$1.1B$1.1B$1.0B$959M$1.1B$967M$878M$932M$821M
Gross Margin %5.0%11.4%10.8%10.2%10.7%12.8%8.0%7.6%8.3%8.8%7.5%6.2%5.3%4.5%4.9%5.3%
Operating Income (EBIT)$940M$739M$743M$826M$968M$604M$559M$268M$325M$283M$300M$255M$365M$265M$151M$311M$231M
Operating Margin %4.4%3.8%3.7%3.8%4.1%3.5%5.0%1.9%2.3%2.2%2.6%2.0%2.1%1.5%0.8%1.7%1.5%
Net Income$617M$471M$502M$557M$673M$397M$386M$155M$214M$245M$221M$176M$244M$235M$84M$324M$157M
Net Margin %2.9%2.4%2.5%2.6%2.9%2.3%3.4%1.1%1.5%1.9%1.9%1.4%1.4%1.3%0.4%1.7%1.0%
EBITDA$1.0B$997M$1.1B$1.2B$820M$723M$412M$463M$405M$492M$340M$446M$347M$224M$376M$292M
Earnings Per Share (EPS)$32.84$24.10$24.11$25.49$28.10$14.92$13.08$4.86$6.48$6.78$5.59$4.03$5.25$5.02$1.78$6.93$3.35
Shares Outstanding (M)20M21M22M24M27M30M32M33M36M40M44M46M47M47M47M47M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MUSA Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue$6.8B$4.8B$4.7B$5.1B$5.0B$4.5B$4.7B$5.2B$5.5B
Gross Profit$262M$283M$270M$270M$148M$599M$622M$608M
Gross Margin %5.4%6.0%5.3%5.4%3.3%12.7%11.9%11.2%
Operating Income (EBIT)$304M$205M$217M$214M$219M$88M$199M$222M$217M
Operating Margin %4.5%4.2%4.6%4.2%4.4%1.9%4.2%4.2%4.0%
Net Income$209M$136M$142M$130M$146M$53M$142M$149M$145M
Net Margin %3.1%2.8%3.0%2.5%2.9%1.2%3.0%2.9%2.7%
EBITDA$278M$284M$273M$287M$156M$268M$286M$277M
Earnings Per Share (EPS)$11.27$7.29$7.53$6.75$7.37$2.63$6.97$7.20$6.92
Shares Outstanding (M)19M19M19M20M20M20M21M21M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MUSA Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-31
Cash from Operations (CFO)$986M$814M$848M$784M$995M$737M$564M$313M$399M$284M$337M$216M$306M$357M$237M$188M$356M
Capital Expenditures (CapEx)$444M$440M$458M$336M$305M$275M$231M$205M$204M$258M$262M$205M$135M$165M$112M$100M$222M
Free Cash Flow (FCF)$542M$374M$390M$448M$689M$463M$333M$108M$194M$25M$75M$11M$170M$192M$126M$89M$134M
FCF Margin %2.5%1.9%1.9%2.1%2.9%2.7%3.0%0.8%1.4%0.2%0.7%0.1%1.0%1.1%0.7%0.5%0.9%
Dividends Paid$42M$37M$33M$30M$27M$7M$7M$7M$7M$0M$0M$0M$686M$105M$1.0B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MUSA Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Cash from Operations (CFO)$235M$320M$246M$185M$255M$128M$249M$202M$261M
Capital Expenditures (CapEx)$112M$98M$117M$117M$118M$88M$127M$137M$118M
Free Cash Flow (FCF)$123M$222M$129M$68M$137M$41M$122M$65M$143M
FCF Margin %1.8%4.6%2.7%1.3%2.7%0.9%2.6%1.2%2.6%
Dividends Paid$12M$12M$10M$10M$10M$10M$9M$9M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MUSA Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-31
Total Assets$5.1B$4.7B$4.5B$4.3B$4.1B$4.0B$2.7B$2.7B$2.4B$2.3B$2.1B$1.9B$1.9B$1.9B$2.0B$1.8B
Cash & Cash Equivalents$175M$29M$47M$118M$60M$256M$164M$280M$184M$170M$154M$102M$327M$295M$57M$37M
Total Liabilities$4.3B$4.1B$3.7B$3.5B$3.5B$3.2B$1.9B$1.9B$1.6B$1.6B$1.4B$1.1B$1.1B$1.2B$888M$666M
Total Debt (Short + Long-Term)$2.7B$2.2B$1.9B$1.8B$1.8B$1.8B$1.0B$1.0B$863M$881M$670M$490M$981M$562M$1M$1M
Total Shareholders' Equity$783M$624M$840M$829M$641M$807M$784M$803M$807M$738M$697M$792M$859M$656M$1.1B$1.1B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MUSA viewer.

MUSA Metric Deep Dives

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