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MARKETS / NYSE / MUSA
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
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
8B16B20112013201520172019202120232025
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 five years — 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%20112013201520172019202120232025
ROE
FY2025 · ROE 64.3%
50%20112013201520172019202120232025

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
250.0M500.0M20112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 41.5 · Net buybacks 649.9
400M800M2013201520172019202120232025

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
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 %64.360.275.892.949.948.719.227.634.231.8·····
Shares out B············0.05··

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

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 58 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 30 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Auto Dealers & Gasoline Stations
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2011

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