MPLX MPLX margins

Relative Growth: Rel. Growth: 59

Relative Strength: Rel. Strength: 63

Relative Valuation: Rel. Valuation: 65

Relative Profitability: Rel. Profitability: 85

Gross margin

59.7%

Operating margin

44.4%

EBITDA margin

46.6%

Net margin

35.8%

The MPLX shows a gross margin of 59.7%, an operating margin of 44.4%, an EBITDA margin of 46.6%, and a net margin of 35.8%. Gross margin drove the improvement across the available margins, increasing by 1.1 percentage points.

MPLX margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, MPLX's margins averaged 59.6% gross, 44.35% operating, 46.91% EBITDA, and 36.18% net. For MPLX, gross and operating margins are above their three-year averages, while EBITDA and net margins are below their three-year averages.

MPLX margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 1.1 percentage points, operating margin by 1 percentage point, EBITDA margin by 0.4 percentage points, and net margin by 0.4 percentage points, led by gross margin with an increase of 1.1 percentage points.

Gross margin expansion

1.1pp

Operating margin expansion

1pp

EBITDA margin expansion

0.4pp

Net margin expansion

0.4pp

MPLX Gross margin

MPLX recorded an average gross margin of 59.6% across the last 3 years. MPLX currently reports a gross margin of 59.7%, 0.1 percentage points above its three-year average. The highest gross margin for MPLX was 60.6% in Dec 2025, while the lowest was 58.6% in Jun 2025.

MPLX Operating margin

Across the last 3 years, MPLX recorded an average operating margin of 44.35%. The latest operating margin for MPLX is 44.4%, 0.1 percentage points above its three-year average. The highest operating margin for MPLX was 45.7% in Dec 2025, while the lowest was 43.4% in Dec 2023.

MPLX EBITDA margin

Across the last 3 years, MPLX's EBITDA margin came to 46.91%. Compared with its three-year average, MPLX's current EBITDA margin is 46.6% and is 0.3 percentage points below its three-year average. EBITDA margin was highest at 48.2% in Dec 2025 and lowest at 45.7% in Dec 2023.

MPLX Net margin

Across the last 3 years, MPLX recorded an average net margin of 36.18%. MPLX's current net margin is 35.8% and is 0.4 percentage points below its three-year average. The highest net margin for MPLX was 37.8% in Dec 2025, while the lowest was 34.8% in Dec 2023.

MPLX margin group comparison

Margins compared with peer-group, industry and sector averages

MPLX's gross margin of 59.7% is above the Energy sector and the industry average. In comparison with its Energy sector average of 42.5%, MPLX's gross margin is 40% higher.

MPLX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is MPLX's gross margin?

As of Jun 30, 2026, MPLX has a gross margin of 59.7%.

What is MPLX's operating margin?

As of Jun 30, 2026, MPLX has an operating margin of 44.4%.

What is MPLX's EBITDA margin?

For the period ending Jun 30, 2026, MPLX recorded an EBITDA margin of 46.6%.

What is MPLX's net margin?

As of Jun 30, 2026, MPLX has a net margin of 35.8%.

What are the average margins of MPLX?

Over the past 3 years, MPLX reported average margins of 59.6% gross, 44.4% operating, 46.9% EBITDA, and 36.2% net.

What are the highest historical margins of MPLX?

Over this 5-year history, MPLX peaked at 60.6% gross in Dec 2025, 45.7% operating in Dec 2025, 51.6% EBITDA in Sep 2022, and 37.8% net in Dec 2025.

What are the lowest historical margins of MPLX?

Within the 5-year period, MPLX recorded its lowest margins at 55.2% gross in Jun 2022, 39.3% operating in Jun 2022, 38.3% EBITDA in Sep 2023, and 30.7% net in Dec 2021.