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NYSE · RETAIL-AUTO DEALERS & GASOLINE STATIONS · LARGE CAP

Murphy USA Inc. MUSA

15 fiscal years on record · USD · FY2025 reported · SEC filings only
5 YEARS OF DIVIDEND GROWTH
$19.4B
▼ 4.2% YoY
$470.6M
▼ 6.3% YoY
$374.3M
▼ 3.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The company operates a network of 1,800 retail stores across 27 states, marketing retail motor fuel products and convenience merchandise, of which 1,649 stores were branded as Murphy stores and 151 as QuickChek stores. Most of its existing and new-to-industry retail gasoline stores operate under the brand names Murphy USA and Murphy Express, in locations near Walmart stores or in preferred markets across 25 states in the Southeast, Southwest and Midwest regions of the United States. It also operates convenience stores, some combined with retail gasoline, under the QuickChek brand in New Jersey and New York, forming its Northeast region. During 2025, the company sold approximately 4.8 billion gallons of motor fuel through its retail outlets. In 2025, it purchased more than 78% of its merchandise from a single wholesale grocer, Core-Mark. The company's business is organized into one reporting segment, Marketing, which includes its retail marketing stores and product supply and wholesale assets. As of December 31, 2025, the company had approximately 16,900 employees. Murphy USA Inc. was incorporated in Delaware on March 1, 2013 and holds, through its subsidiaries, the former U.S. retail marketing business of its former parent company, Murphy Oil Corporation, plus other assets and liabilities of Murphy Oil that supported the activities of the U.S. retail marketing operations.

Written from the business description in MURPHY USA INC.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 19.4B
Revenue, FY2025 · full 15-year series below
Revenue $B Net income $B
FY2025 · Revenue 19.4 · Net income 0.5
10B20B
201120142017202020232025
Compound annual growth
−6.1%
+11.5%
+4.3%
−11.2%
+4.0%
+10.3%
−5.0%
+13.0%
+19.6%
+19.2%
+53.8%
−6.1%
+11.2%
+10.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.5% a year over the five years to FY2025 — but profit grew slower: net income at +4.0%, earnings per share at +13.0%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.2% · Net 2.8%
2%4%
201120182025
ROE
FY2025 · ROE 64.3%
50%
201120182025
Three returns, three denominators.

Each USD of equity produced 64 cents of profit this year.

Cash & shareholders

USD 691.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 374.3
250.0M500.0M
201120182025
Net buybacks $M Dividends $M
FY2025 · Dividends 41.5 · Net buybacks 649.9
300M600MDividendsNet buybacks
2013201520172019202120232025

USD 41.5M in dividends and USD 649.9M in buybacks — 147% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 4.7B
EquityUSD 623.5M
CashUSD 28.9M
Gross debtUSD 2.2B
Net debtUSD 2.1B
Current ratio0.80×

Net debt stands at 342% of equity.

The 15-year record

15 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
MUSA, 15-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011
Revenue $B19.420.221.523.417.411.314.014.412.811.612.717.017.819.318.9
Operating income $B0.70.70.81.00.60.60.30.30.30.40.30.40.30.20.3
EBITDA $B1.01.01.11.20.80.70.40.50.40.50.3◌◌◌◌
Income tax $B0.10.10.20.20.10.10.00.1−0.00.10.10.10.10.10.1
Net income $B0.50.50.60.70.40.40.20.20.20.20.20.20.20.10.3
Free cash flow $B0.40.40.40.70.50.30.10.20.00.10.00.20.20.10.1
EPS, diluted $24.1024.1125.4928.1014.9213.084.866.486.785.594.025.265.021.796.93
Dividend / sh $2.151.791.551.271.040.25◌◌◌◌◌◌◌◌◌
Payout %97647200———————
ROE %64.360.275.892.949.948.719.227.634.229.721.432.226.77.529.0
Shares out B◌◌◌◌◌◌◌◌◌◌◌◌0.05◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 58 reconciliationsAUDITED

Reconciled in 15 of the 15 fiscal years we could check. Eight checks were skipped: the balance sheet is not tagged before 2011. Four checks were skipped: EPS is not tagged before 2011. Four checks were skipped: revenue is not tagged before 2011.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityRetail-Auto Dealers & Gasoline Stations
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2011

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