Murphy USA (MUSA) Financials

$521.28 +7.36 (+1.43%)

As of 03:58 PM Eastern

Annual Income Statements for Murphy USA

This table shows Murphy USA's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	176	222	245	214	155	386	397	673	557	503
Consolidated Net Income / (Loss)	176	222	245	214	155	386	397	673	557	503
Net Income / (Loss) Continuing Operations	138	222	245	214	155	386	397	673	557	503
Total Pre-Tax Income	218	352	240	274	202	509	522	884	734	652
Total Operating Income	250	388	283	325	269	559	604	968	826	743
Total Gross Profit	959	1,016	1,062	1,089	1,127	1,443	1,849	2,400	2,314	2,307
Total Revenue	12,699	11,595	12,827	14,363	14,035	11,264	17,361	23,446	21,529	20,244
Operating Revenue	12,579	11,595	12,827	14,363	14,035	11,264	17,361	23,446	21,529	20,244
Total Cost of Revenue	11,741	10,579	11,765	13,274	12,908	9,821	15,512	21,046	19,216	17,938
Operating Cost of Revenue	11,741	10,579	11,765	13,274	12,908	9,821	15,512	21,046	19,216	17,938
Total Operating Expenses	708	628	779	764	858	884	1,245	1,432	1,488	1,564
Selling, General & Admin Expense	616	616	656	678	704	720	1,021	1,209	1,255	1,300
Depreciation Expense	87	99	117	134	152	161	213	220	229	248
Other Operating Expenses / (Income)	1.52	1.60	1.80	2.00	2.10	2.30	2.50	2.70	3.00	3.20
Impairment Charge	-	-	-	-	-	-	-	0.00	0.00	8.20
Restructuring Charge	-	-	-	0.00	0.00	1.70	10	1.50	0.00	0.00
Other Special Charges / (Income)	4.66	-88	3.90	-49	-0.20	-1.30	-1.50	-2.10	0.80	4.50
Total Other Income / (Expense), net	-32	-36	-43	-51	-66	-50	-82	-85	-92	-91
Interest Expense	34	40	47	53	70	51	82	85	99	97
Interest & Investment Income	2.18	0.60	1.30	1.50	3.20	1.00	0.10	3.00	6.90	6.40
Other Income / (Expense), net	-0.46	3.10	2.20	0.20	0.40	0.30	0.20	-2.30	0.00	-0.60
Income Tax Expense	81	131	-5.20	60	48	123	125	211	178	149
Basic Earnings per Share	$4.06	$5.64	$6.85	$6.54	$4.90	$13.25	$15.14	$28.63	$25.91	$24.47
Weighted Average Basic Shares Outstanding	43.43M	39.27M	35.82M	32.67M	31.59M	29.13M	26.21M	23.51M	21.49M	20.53M
Diluted Earnings per Share	$4.02	$5.59	$6.78	$6.48	$4.86	$13.08	$14.92	$28.10	$25.49	$24.11
Weighted Average Diluted Shares Outstanding	43.79M	39.65M	36.16M	32.98M	31.86M	29.53M	26.60M	23.95M	21.84M	20.84M
Weighted Average Basic & Diluted Shares Outstanding	43.43M	39.27M	35.80M	32.70M	30.46M	27.25M	24.83M	21.70M	20.81M	20.02M
Cash Dividends to Common per Share	-	-	-	-	-	$0.25	$1.04	$1.27	$1.55	$1.79

This table shows Murphy USA's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	220	118	106	133	168	150	66	145	149	143
Consolidated Net Income / (Loss)	220	118	106	133	168	150	66	145	149	143
Net Income / (Loss) Continuing Operations	220	118	106	133	168	150	66	145	149	143
Total Pre-Tax Income	291	151	139	176	223	196	82	193	199	178
Total Operating Income	312	174	163	199	247	217	105	217	222	199
Total Gross Profit	674	559	518	573	632	592	479	608	622	599
Total Revenue	6,195	5,366	5,077	5,585	5,798	5,069	4,844	5,452	5,239	4,710
Operating Revenue	6,195	5,366	5,077	5,585	5,798	5,069	4,844	5,452	5,239	4,710
Total Cost of Revenue	5,521	4,807	4,560	5,012	5,166	4,477	4,365	4,844	4,617	4,111
Operating Cost of Revenue	5,521	4,807	4,560	5,012	5,166	4,477	4,365	4,844	4,617	4,111
Total Operating Expenses	362	386	355	375	384	374	373	391	400	400
Selling, General & Admin Expense	307	329	297	316	326	316	314	329	336	321
Depreciation Expense	54	56	56	58	58	57	59	59	63	67
Other Operating Expenses / (Income)	0.60	0.70	0.80	0.70	0.70	0.80	0.80	0.80	0.80	0.80
Other Special Charges / (Income)	-0.30	0.10	0.20	-0.10	0.50	0.20	-0.40	1.40	0.40	3.10
Total Other Income / (Expense), net	-21	-22	-24	-23	-24	-21	-23	-24	-23	-21
Interest Expense	22	24	25	25	25	24	25	25	24	23
Interest & Investment Income	1.40	1.20	0.80	1.80	2.10	2.20	1.20	0.90	1.00	3.30
Other Income / (Expense), net	-0.80	0.40	0.30	0.20	-1.40	0.90	0.40	0.10	0.50	-1.60
Income Tax Expense	71	34	33	43	56	46	16	48	50	35
Basic Earnings per Share	$9.46	$5.34	$4.89	$6.12	$7.83	$7.07	$3.17	$7.02	$7.30	$6.98
Weighted Average Basic Shares Outstanding	23.21M	23.51M	21.74M	21.69M	21.40M	21.49M	20.81M	20.64M	20.44M	20.53M
Diluted Earnings per Share	$9.28	$5.21	$4.80	$6.02	$7.69	$6.98	$3.12	$6.92	$7.20	$6.87
Weighted Average Diluted Shares Outstanding	23.65M	23.95M	22.13M	22.05M	21.79M	21.84M	21.16M	20.92M	20.74M	20.84M
Weighted Average Basic & Diluted Shares Outstanding	22.59M	21.70M	21.78M	21.45M	21.28M	20.81M	20.72M	20.49M	20.25M	20.02M

This table details how cash moves in and out of Murphy USA's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-226	52	16	15	96	-117	93	-196	57	-71
Net Cash From Operating Activities	216	337	284	399	313	564	737	995	784	848
Net Cash From Continuing Operating Activities	234	337	284	399	313	564	737	995	784	848
Net Income / (Loss) Continuing Operations	138	222	245	214	155	386	397	673	557	503
Consolidated Net Income / (Loss)	176	222	245	214	155	386	397	673	557	503
Depreciation Expense	87	99	117	134	152	161	213	220	229	248
Amortization Expense	-	-	-	-	-	0.00	0.00	-0.10	-0.40	-0.20
Non-Cash Adjustments To Reconcile Net Income	6.18	-87	5.70	3.10	17	1.00	1.00	0.60	3.80	16
Changes in Operating Assets and Liabilities, net	3.39	104	-84	48	-11	16	127	101	-4.90	81
Net Cash From Investing Activities	-190	-135	-262	-209	-203	-224	-914	-319	-324	-446
Net Cash From Continuing Investing Activities	-190	-135	-262	-209	-203	-224	-914	-319	-324	-446
Purchase of Property, Plant & Equipment	-205	-262	-258	-204	-205	-231	-275	-305	-336	-458
Purchase of Investments	-	-	-	-	-	0.00	0.00	-22	-13	0.00
Sale of Property, Plant & Equipment	0.73	85	0.90	1.20	2.50	8.10	3.40	8.80	2.40	2.00
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	24	12
Other Investing Activities, net	-79	42	-4.70	-6.00	-0.80	-1.70	-1.80	-0.60	-1.60	-1.20
Net Cash From Financing Activities	-252	-151	-5.30	-175	-14	-456	270	-871	-403	-473
Net Cash From Continuing Financing Activities	-252	-151	-5.30	-175	-14	-456	270	-871	-403	-473
Repayment of Debt	-0.20	-24	-133	-21	-588	-39	-234	-20	-23	-667
Repurchase of Common Equity	-249	-323	-206	-144	-166	-400	-355	-806	-333	-446
Payment of Dividends	-	-	-	0.00	0.00	-6.90	-27	-30	-33	-37
Issuance of Debt	0.00	200	339	0.00	744	0.00	893	5.00	8.00	707
Other Financing Activities, net	-3.08	-4.20	-5.60	-9.40	-4.50	-11	-6.70	-20	-21	-30

This table details how cash moves in and out of Murphy USA's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-48	-132	42	-9.20	32	-7.00	-61	23	-27	-5.50
Net Cash From Operating Activities	255	223	150	171	190	273	136	261	202	249
Net Cash From Continuing Operating Activities	255	223	150	171	190	273	136	261	202	249
Net Income / (Loss) Continuing Operations	220	118	106	133	168	150	66	145	149	143
Consolidated Net Income / (Loss)	220	118	106	133	168	150	66	145	149	143
Depreciation Expense	54	56	56	58	58	57	59	59	63	67
Amortization Expense	-	-	0.00	-	-	-0.40	-0.10	-	-	-0.10
Non-Cash Adjustments To Reconcile Net Income	0.30	0.80	1.00	0.60	1.20	1.00	0.40	2.20	1.20	12
Changes in Operating Assets and Liabilities, net	-19	49	-14	-20	-36	66	11	55	-11	27
Net Cash From Investing Activities	-78	-104	-69	-73	-75	-107	-75	-115	-132	-125
Net Cash From Continuing Investing Activities	-78	-104	-69	-73	-75	-107	-75	-115	-132	-125
Purchase of Property, Plant & Equipment	-78	-82	-73	-73	-79	-111	-76	-118	-137	-127
Sale of Property, Plant & Equipment	0.40	0.30	0.00	1.80	0.50	0.10	1.00	0.60	0.30	0.10
Sale and/or Maturity of Investments	-	-	4.50	6.00	7.50	6.00	1.00	3.00	6.00	1.50
Other Investing Activities, net	-	-	-0.80	-0.20	-0.40	-0.20	-0.70	-0.10	-0.90	0.50
Net Cash From Financing Activities	-225	-251	-39	-107	-83	-174	-122	-123	-98	-129
Net Cash From Continuing Financing Activities	-225	-251	-39	-107	-83	-174	-122	-123	-98	-129
Repayment of Debt	-3.80	-8.80	-12	-3.90	-3.90	-3.80	-3.90	-124	-188	-351
Repurchase of Common Equity	-212	-240	-14	-94	-65	-161	-86	-106	-125	-128
Payment of Dividends	-7.50	-7.80	-8.10	-8.20	-8.40	-8.70	-8.80	-9.10	-9.20	-9.70
Issuance of Debt	-	5.00	8.00	-	-	-	0.00	120	225	362
Other Financing Activities, net	-2.10	-0.20	-14	-0.80	-6.30	-0.50	-23	-4.10	-0.60	-2.60

This table presents Murphy USA's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	1,886	2,089	2,331	2,361	2,687	2,686	4,048	4,123	4,340	4,542
Total Current Assets	436	516	614	570	711	625	768	727	827	748
Cash & Equivalents	102	154	170	185	280	164	256	61	118	47
Short-Term Investments	-	-	-	-	-	-	0.00	18	7.10	0.00
Accounts Receivable	136	184	225	139	173	169	196	282	337	269
Inventories, net	156	153	183	222	228	279	292	319	341	402
Prepaid Expenses	41	25	37	25	30	14	23	48	24	31
Plant, Property, & Equipment, net	1,369	1,533	1,680	1,748	1,807	1,868	2,378	2,459	2,572	2,813
Total Noncurrent Assets	81	41	37	43	169	193	902	937	942	980
Long-Term Investments	-	-	-	-	-	-	0.00	4.40	4.40	0.00
Goodwill	-	-	-	-	-	0.00	328	328	328	328
Intangible Assets	-	-	-	-	-	35	141	140	140	140
Other Noncurrent Operating Assets	13	41	37	43	169	158	433	464	470	513
Total Liabilities & Shareholders' Equity	1,886	2,089	2,331	2,361	2,687	2,686	4,048	4,123	4,340	4,542
Total Liabilities	1,094	1,392	1,593	1,554	1,884	1,902	3,241	3,483	3,511	3,702
Total Current Liabilities	392	515	533	478	505	531	675	854	873	948
Short-Term Debt	0.22	41	20	21	39	51	15	15	15	16
Accounts Payable	390	473	513	457	466	471	660	839	835	874
Current Deferred & Payable Income Tax Liabilities	1.73	0.59	-	-	0.00	8.80	-	0.00	23	58
Total Noncurrent Liabilities	702	877	1,059	1,075	1,379	1,371	2,566	2,628	2,638	2,754
Long-Term Debt	490	630	861	842	999	951	1,800	1,792	1,785	1,833
Asset Retirement Reserve & Litigation Obligation	24	26	28	31	33	35	39	43	46	49
Noncurrent Deferred Revenue	26	17	16	10	130	23	22	22	28	32
Noncurrent Deferred & Payable Income Tax Liabilities	161	205	154	192	217	218	296	327	330	343
Other Noncurrent Operating Liabilities	-	-	-	-	-	143	409	444	450	496
Total Equity & Noncontrolling Interests	792	697	738	807	803	784	807	641	829	840
Total Preferred & Common Equity	792	697	738	807	803	784	807	641	829	840
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	792	697	738	807	803	784	807	641	829	840
Common Stock	559	556	550	540	539	534	535	519	509	488
Retained Earnings	528	749	995	1,208	1,363	1,743	2,112	2,755	3,278	3,743
Treasury Stock	-294	-608	-807	-940	-1,100	-1,491	-1,839	-2,633	-2,958	-3,391

This table presents Murphy USA's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	4,135	4,119	4,205	4,305	4,307	4,430	4,402
Total Current Assets	763	711	763	840	768	820	689
Cash & Equivalents	193	102	93	125	57	80	53
Short-Term Investments	-	14	13	8.50	6.10	4.50	1.50
Accounts Receivable	258	265	271	344	381	387	263
Inventories, net	280	304	350	335	293	316	341
Prepaid Expenses	32	27	37	27	32	33	31
Plant, Property, & Equipment, net	2,437	2,476	2,501	2,520	2,594	2,655	2,740
Total Noncurrent Assets	935	932	941	945	946	954	973
Long-Term Investments	-	4.40	7.40	7.40	4.50	3.00	0.00
Goodwill	328	328	328	328	328	328	328
Intangible Assets	140	140	140	140	140	140	140
Other Noncurrent Operating Assets	466	459	465	470	473	484	506
Total Liabilities & Shareholders' Equity	4,135	4,119	4,205	4,305	4,307	4,430	4,402
Total Liabilities	3,369	3,402	3,454	3,461	3,525	3,619	3,572
Total Current Liabilities	756	772	815	827	885	971	859
Short-Term Debt	15	15	15	15	15	16	16
Accounts Payable	725	754	800	801	830	924	780
Current Deferred & Payable Income Tax Liabilities	15	3.10	-	12	39	31	63
Total Noncurrent Liabilities	2,614	2,630	2,639	2,634	2,641	2,648	2,714
Long-Term Debt	1,794	1,789	1,787	1,786	1,783	1,781	1,820
Asset Retirement Reserve & Litigation Obligation	41	44	44	44	46	46	47
Noncurrent Deferred Revenue	21	24	26	26	31	33	33
Noncurrent Deferred & Payable Income Tax Liabilities	311	334	337	328	329	323	326
Other Noncurrent Operating Liabilities	446	439	445	450	452	465	488
Total Equity & Noncontrolling Interests	766	717	751	844	782	811	830
Total Preferred & Common Equity	766	717	751	844	782	811	830
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	766	717	751	844	782	811	830
Common Stock	515	502	506	503	480	480	485
Retained Earnings	2,645	2,853	2,978	3,137	3,335	3,471	3,611
Treasury Stock	-2,394	-2,638	-2,733	-2,796	-3,034	-3,139	-3,266

This table displays calculated financial ratios and metrics derived from Murphy USA's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-25.24%	-8.70%	10.63%	11.98%	-2.29%	-19.74%	54.12%	35.05%	-8.17%	-5.97%
EBITDA Growth	-26.05%	45.68%	-17.84%	14.14%	-8.32%	71.05%	13.40%	45.25%	-11.13%	-6.09%
EBIT Growth	-33.53%	56.70%	-27.02%	13.94%	-17.34%	108.00%	8.03%	59.90%	-14.50%	-10.13%
NOPAT Growth	-34.33%	54.87%	18.55%	-12.41%	-19.00%	106.44%	8.35%	60.52%	-15.06%	-8.52%
Net Income Growth	-27.69%	25.61%	10.74%	-12.92%	-27.53%	149.42%	2.80%	69.54%	-17.25%	-9.75%
EPS Growth	-23.57%	39.05%	21.29%	-4.42%	-25.00%	169.14%	14.07%	88.34%	-9.29%	-5.41%
Operating Cash Flow Growth	-29.37%	56.32%	-15.95%	40.59%	-21.42%	79.92%	30.81%	34.89%	-21.18%	8.11%
Free Cash Flow Firm Growth	-88.08%	539.60%	-62.29%	303.28%	-39.69%	176.95%	-178.39%	360.31%	-33.40%	-12.41%
Invested Capital Growth	13.87%	9.15%	19.43%	2.55%	5.03%	3.98%	45.78%	-0.05%	5.69%	5.69%
Revenue Q/Q Growth	-3.88%	1.11%	2.59%	0.86%	-0.29%	-5.05%	12.33%	2.62%	-1.36%	-1.74%
EBITDA Q/Q Growth	-19.07%	5.90%	-1.36%	12.52%	-7.84%	3.21%	11.08%	1.15%	4.45%	-1.02%
EBIT Q/Q Growth	-24.63%	6.53%	-4.39%	17.95%	-12.72%	3.57%	12.66%	1.34%	5.65%	-2.71%
NOPAT Q/Q Growth	-24.62%	43.14%	17.14%	-21.12%	-13.00%	3.26%	13.44%	1.46%	5.24%	-1.10%
Net Income Q/Q Growth	-15.22%	-9.36%	49.37%	-18.16%	-16.19%	3.60%	13.69%	1.34%	6.16%	-1.47%
EPS Q/Q Growth	-12.99%	-5.73%	50.33%	-14.40%	-14.89%	5.23%	15.30%	3.96%	7.46%	-0.45%
Operating Cash Flow Q/Q Growth	-9.30%	21.88%	-3.50%	11.15%	-23.38%	6.46%	7.98%	7.90%	6.80%	-2.80%
Free Cash Flow Firm Q/Q Growth	-40.33%	112.59%	-45.30%	19.77%	-45.18%	7.39%	16.59%	8.30%	4.01%	-8.80%
Invested Capital Q/Q Growth	-1.47%	-1.49%	4.96%	-2.31%	2.75%	1.90%	1.21%	-0.74%	-0.22%	1.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	7.55%	8.76%	8.28%	7.58%	8.03%	12.81%	10.65%	10.24%	10.75%	11.39%
EBITDA Margin	2.65%	4.22%	3.14%	3.20%	3.00%	6.39%	4.70%	5.06%	4.90%	4.89%
Operating Margin	1.97%	3.35%	2.21%	2.26%	1.91%	4.96%	3.48%	4.13%	3.84%	3.67%
EBIT Margin	1.97%	3.37%	2.23%	2.26%	1.92%	4.97%	3.48%	4.12%	3.84%	3.67%
Profit (Net Income) Margin	1.39%	1.91%	1.91%	1.49%	1.10%	3.43%	2.29%	2.87%	2.59%	2.48%
Tax Burden Percent	80.78%	62.91%	102.17%	77.98%	76.48%	75.84%	76.05%	76.14%	75.82%	77.12%
Interest Burden Percent	87.44%	90.01%	84.10%	84.20%	75.27%	91.02%	86.38%	91.48%	88.91%	87.78%
Effective Tax Rate	36.97%	37.09%	-2.17%	22.02%	23.52%	24.16%	23.95%	23.86%	24.18%	22.88%
Return on Invested Capital (ROIC)	15.10%	21.00%	21.74%	17.27%	13.48%	26.63%	23.03%	31.17%	25.75%	22.29%
ROIC Less NNEP Spread (ROIC-NNEP)	23.65%	15.58%	14.55%	11.53%	6.44%	21.89%	17.82%	27.25%	21.66%	18.23%
Return on Net Nonoperating Assets (RNNOA)	6.26%	8.74%	12.44%	10.36%	5.75%	22.02%	26.85%	61.78%	50.03%	37.93%
Return on Equity (ROE)	21.36%	29.74%	34.18%	27.64%	19.23%	48.65%	49.88%	92.95%	75.78%	60.22%
Cash Return on Invested Capital (CROIC)	2.13%	12.25%	4.03%	14.76%	8.58%	22.73%	-14.22%	31.22%	20.22%	16.76%
Operating Return on Assets (OROA)	13.02%	19.68%	12.92%	13.87%	10.65%	20.82%	17.95%	23.65%	19.52%	16.72%
Return on Assets (ROA)	9.20%	11.14%	11.10%	9.11%	6.13%	14.37%	11.79%	16.47%	13.16%	11.32%
Return on Common Equity (ROCE)	21.36%	29.74%	34.18%	27.64%	19.23%	48.65%	49.88%	92.95%	75.78%	60.22%
Return on Equity Simple (ROE_SIMPLE)	22.26%	31.78%	33.22%	26.46%	19.28%	49.24%	49.17%	105.03%	67.17%	59.81%
Net Operating Profit after Tax (NOPAT)	158	244	289	254	205	424	459	737	626	573
NOPAT Margin	1.24%	2.11%	2.26%	1.77%	1.46%	3.76%	2.65%	3.14%	2.91%	2.83%
Net Nonoperating Expense Percent (NNEP)	-8.55%	5.42%	7.19%	5.75%	7.04%	4.74%	5.21%	3.92%	4.09%	4.06%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	30.12%	23.82%	21.31%
Cost of Revenue to Revenue	92.45%	91.24%	91.72%	92.42%	91.97%	87.19%	89.35%	89.76%	89.25%	88.61%
SG&A Expenses to Revenue	4.85%	5.31%	5.12%	4.72%	5.02%	6.39%	5.88%	5.16%	5.83%	6.42%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.58%	5.42%	6.07%	5.32%	6.11%	7.85%	7.17%	6.11%	6.91%	7.73%
Earnings before Interest and Taxes (EBIT)	250	391	286	325	269	559	604	966	826	742
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	336	490	402	459	421	720	817	1,186	1,054	990
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.51	3.33	3.71	3.00	4.39	4.68	6.25	9.77	9.12	12.09
Price to Tangible Book Value (P/TBV)	3.51	3.33	3.71	3.00	4.39	4.89	14.90	36.33	20.93	27.27
Price to Revenue (P/Rev)	0.22	0.20	0.21	0.17	0.25	0.33	0.29	0.27	0.35	0.50
Price to Earnings (P/E)	15.77	10.49	11.16	11.33	22.76	9.50	12.71	9.30	13.57	20.22
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.53%	0.46%	0.44%	0.36%
Earnings Yield	6.34%	9.53%	8.96%	8.83%	4.39%	10.53%	7.87%	10.75%	7.37%	4.95%
Enterprise Value to Invested Capital (EV/IC)	2.85	2.34	2.38	2.08	2.74	2.78	2.79	3.38	3.69	4.53
Enterprise Value to Revenue (EV/Rev)	0.25	0.24	0.27	0.22	0.31	0.40	0.38	0.34	0.43	0.59
Enterprise Value to EBITDA (EV/EBITDA)	9.43	5.80	8.57	6.75	10.17	6.26	8.09	6.73	8.75	12.08
Enterprise Value to EBIT (EV/EBIT)	12.70	7.26	12.08	9.52	15.92	8.06	10.93	8.26	11.17	16.11
Enterprise Value to NOPAT (EV/NOPAT)	20.10	11.63	11.91	12.22	20.85	10.63	14.38	10.83	14.73	20.88
Enterprise Value to Operating Cash Flow (EV/OCF)	14.68	8.42	12.16	7.77	13.67	7.99	8.96	8.03	11.77	14.11
Enterprise Value to Free Cash Flow (EV/FCFF)	142.32	19.94	64.20	14.30	32.77	12.45	0.00	10.81	18.76	27.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.62	0.96	1.19	1.07	1.29	1.28	2.25	2.82	2.17	2.20
Long-Term Debt to Equity	0.62	0.90	1.17	1.04	1.24	1.21	2.23	2.80	2.15	2.18
Financial Leverage	0.26	0.56	0.85	0.90	0.89	1.01	1.51	2.27	2.31	2.08
Leverage Ratio	2.32	2.67	3.08	3.04	3.13	3.39	4.23	5.64	5.76	5.32
Compound Leverage Factor	2.03	2.40	2.59	2.56	2.36	3.08	3.66	5.16	5.12	4.67
Debt to Total Capital	38.23%	49.02%	54.40%	51.68%	56.38%	56.11%	69.22%	73.82%	68.47%	68.75%
Short-Term Debt to Total Capital	0.02%	2.97%	1.23%	1.27%	2.11%	2.87%	0.57%	0.61%	0.57%	0.58%
Long-Term Debt to Total Capital	38.21%	46.05%	53.17%	50.41%	54.28%	53.24%	68.65%	73.21%	67.90%	68.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.77%	50.98%	45.60%	48.32%	43.62%	43.89%	30.78%	26.18%	31.53%	31.25%
Debt to EBITDA	1.46	1.37	2.19	1.88	2.47	1.39	2.22	1.52	1.71	1.87
Net Debt to EBITDA	1.15	1.05	1.77	1.48	1.80	1.16	1.91	1.45	1.58	1.82
Long-Term Debt to EBITDA	1.46	1.29	2.14	1.83	2.37	1.32	2.20	1.51	1.69	1.85
Debt to NOPAT	3.11	2.75	3.04	3.41	5.06	2.36	3.95	2.45	2.87	3.23
Net Debt to NOPAT	2.46	2.12	2.46	2.68	3.69	1.98	3.39	2.34	2.67	3.14
Long-Term Debt to NOPAT	3.11	2.58	2.97	3.32	4.87	2.24	3.92	2.43	2.85	3.20
Altman Z-Score	9.11	7.67	7.58	8.24	7.48	6.99	6.47	8.44	7.92	7.74
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.11	1.00	1.15	1.19	1.41	1.18	1.14	0.85	0.95	0.79
Quick Ratio	0.61	0.66	0.74	0.68	0.90	0.63	0.67	0.42	0.53	0.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	22	142	54	217	131	362	-284	738	492	431
Operating Cash Flow to CapEx	105.55%	190.84%	110.18%	196.31%	154.87%	253.23%	271.80%	335.48%	235.29%	185.84%
Free Cash Flow to Firm to Interest Expense	0.66	3.59	1.15	4.10	1.87	7.07	-3.44	8.66	4.99	4.44
Operating Cash Flow to Interest Expense	6.44	8.50	6.07	7.54	4.50	11.01	8.95	11.66	7.96	8.73
Operating Cash Flow Less CapEx to Interest Expense	0.34	4.05	0.56	3.70	1.59	6.66	5.66	8.19	4.58	4.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	6.62	5.83	5.80	6.12	5.56	4.19	5.16	5.74	5.09	4.56
Accounts Receivable Turnover	92.45	72.52	62.76	78.92	90.05	65.93	95.26	98.22	69.63	66.90
Inventory Turnover	75.03	68.41	70.06	65.71	57.48	38.77	54.29	68.85	58.20	48.30
Fixed Asset Turnover	9.70	7.99	7.99	8.38	7.89	6.13	8.18	9.69	8.56	7.52
Accounts Payable Turnover	30.43	24.50	23.84	27.36	27.97	20.96	27.42	28.07	22.96	20.99
Days Sales Outstanding (DSO)	3.95	5.03	5.82	4.63	4.05	5.54	3.83	3.72	5.24	5.46
Days Inventory Outstanding (DIO)	4.86	5.34	5.21	5.55	6.35	9.42	6.72	5.30	6.27	7.56
Days Payable Outstanding (DPO)	11.99	14.90	15.31	13.34	13.05	17.42	13.31	13.00	15.90	17.39
Cash Conversion Cycle (CCC)	-3.18	-4.53	-4.28	-3.16	-2.65	-2.47	-2.76	-3.99	-4.38	-4.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,112	1,213	1,449	1,486	1,561	1,623	2,366	2,365	2,499	2,642
Invested Capital Turnover	12.16	9.97	9.63	9.79	9.21	7.08	8.70	9.91	8.85	7.88
Increase / (Decrease) in Invested Capital	135	102	236	37	75	62	743	-1.10	135	142
Enterprise Value (EV)	3,169	2,839	3,448	3,098	4,281	4,506	6,604	7,984	9,227	11,961
Market Capitalization	2,781	2,323	2,738	2,419	3,524	3,667	5,045	6,260	7,557	10,160
Book Value per Share	$16.94	$18.06	$21.22	$25.04	$26.11	$27.45	$31.49	$28.36	$38.96	$41.49
Tangible Book Value per Share	$16.94	$18.06	$21.22	$25.04	$26.11	$26.24	$13.21	$7.63	$16.97	$18.40
Total Capital	1,283	1,367	1,619	1,671	1,841	1,787	2,622	2,448	2,629	2,689
Total Debt	490	670	881	863	1,038	1,002	1,815	1,807	1,800	1,848
Total Long-Term Debt	490	630	861	842	999	951	1,800	1,792	1,785	1,833
Net Debt	388	516	711	679	758	839	1,559	1,724	1,670	1,801
Capital Expenditures (CapEx)	204	177	257	203	202	223	271	297	333	456
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-59	-112	-69	-71	-36	-18	-149	-191	-156	-231
Debt-free Net Working Capital (DFNWC)	44	42	101	113	245	145	108	-112	-31	-184
Net Working Capital (NWC)	43	0.99	81	92	206	94	93	-127	-46	-200
Net Nonoperating Expense (NNE)	-19	23	44	40	51	38	62	64	69	70
Net Nonoperating Obligations (NNO)	319	516	711	679	758	839	1,559	1,724	1,670	1,801
Total Depreciation and Amortization (D&A)	87	99	117	134	152	161	213	220	228	248
Debt-free, Cash-free Net Working Capital to Revenue	-0.46%	-0.97%	-0.54%	-0.50%	-0.25%	-0.16%	-0.86%	-0.81%	-0.73%	-1.14%
Debt-free Net Working Capital to Revenue	0.34%	0.36%	0.79%	0.79%	1.74%	1.29%	0.62%	-0.48%	-0.15%	-0.91%
Net Working Capital to Revenue	0.34%	0.01%	0.63%	0.64%	1.47%	0.84%	0.53%	-0.54%	-0.22%	-0.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.06	$5.64	$6.85	$6.54	$4.90	$13.25	$15.14	$28.63	$25.91	$24.47
Adjusted Weighted Average Basic Shares Outstanding	43.43M	39.27M	35.82M	32.67M	31.59M	29.13M	26.21M	23.51M	21.49M	20.53M
Adjusted Diluted Earnings per Share	$4.02	$5.59	$6.78	$6.48	$4.86	$13.08	$14.92	$28.10	$25.49	$24.11
Adjusted Weighted Average Diluted Shares Outstanding	43.79M	39.65M	36.16M	32.98M	31.86M	29.53M	26.60M	23.95M	21.84M	20.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.68M	36.90M	33.87M	32.26M	30.46M	27.25M	24.83M	21.70M	20.81M	20.02M
Normalized Net Operating Profit after Tax (NOPAT)	161	189	201	215	205	424	466	737	627	583
Normalized NOPAT Margin	1.26%	1.63%	1.57%	1.50%	1.46%	3.77%	2.68%	3.14%	2.91%	2.88%
Pre Tax Income Margin	1.72%	3.04%	1.87%	1.91%	1.44%	4.52%	3.01%	3.77%	3.41%	3.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.45	9.85	6.11	6.15	3.86	10.92	7.33	11.33	8.39	7.64
NOPAT to Interest Expense	4.70	6.15	6.20	4.79	2.95	8.28	5.57	8.64	6.36	5.90
EBIT Less CapEx to Interest Expense	1.35	5.40	0.60	2.31	0.96	6.58	4.04	7.85	5.00	2.95
NOPAT Less CapEx to Interest Expense	-1.40	1.70	0.69	0.95	0.04	3.93	2.28	5.17	2.98	1.20
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	1.79%	6.88%	4.44%	6.00%	7.32%
Augmented Payout Ratio	141.03%	145.96%	83.98%	67.60%	107.11%	105.28%	96.32%	124.28%	65.84%	96.02%

This table displays calculated financial ratios and metrics derived from Murphy USA's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	34.66%	12.57%	-0.80%	-17.46%	-6.41%	-5.54%	-4.60%	-2.39%	-9.65%	-7.07%
EBITDA Growth	72.98%	6.29%	-20.30%	-18.71%	-16.99%	19.54%	-25.19%	7.71%	-6.10%	-3.71%
EBIT Growth	96.77%	7.95%	-25.86%	-23.82%	-20.96%	25.42%	-35.25%	9.20%	-9.68%	-9.49%
NOPAT Growth	96.98%	8.56%	-25.82%	-24.63%	-21.17%	23.05%	-31.91%	8.34%	-10.37%	-3.90%
Net Income Growth	111.06%	8.18%	-30.25%	-27.55%	-23.60%	27.44%	-37.91%	9.04%	-11.03%	-5.00%
EPS Growth	133.17%	25.85%	-21.05%	-20.05%	-17.13%	33.97%	-35.00%	14.95%	-6.37%	-1.58%
Operating Cash Flow Growth	-0.47%	48.40%	-55.87%	-3.44%	-25.49%	22.36%	-9.15%	52.34%	6.37%	-8.93%
Free Cash Flow Firm Growth	130.48%	121.98%	-113.93%	-83.89%	-66.77%	-76.86%	6.17%	88.52%	-6.23%	-45.06%
Invested Capital Growth	1.92%	-0.05%	6.82%	4.59%	5.13%	5.69%	4.66%	3.33%	4.27%	5.69%
Revenue Q/Q Growth	-8.45%	-13.37%	-5.39%	10.01%	3.80%	-12.57%	-4.44%	12.55%	-3.91%	-10.08%
EBITDA Q/Q Growth	15.74%	-37.13%	-4.48%	16.95%	18.19%	-9.46%	-40.31%	68.39%	3.04%	-7.16%
EBIT Q/Q Growth	19.15%	-44.10%	-6.21%	21.95%	23.63%	-11.31%	-51.58%	105.68%	2.26%	-11.12%
NOPAT Q/Q Growth	18.20%	-42.73%	-7.70%	20.63%	23.61%	-10.60%	-48.92%	91.93%	2.26%	-4.15%
Net Income Q/Q Growth	19.75%	-46.38%	-9.69%	24.93%	26.28%	-10.55%	-56.00%	119.39%	3.04%	-4.49%
EPS Q/Q Growth	23.24%	-43.86%	-7.87%	25.42%	27.74%	-9.23%	-55.30%	121.79%	4.05%	-4.58%
Operating Cash Flow Q/Q Growth	43.82%	-12.47%	-32.93%	14.36%	10.98%	43.74%	-50.20%	91.76%	-22.51%	23.06%
Free Cash Flow Firm Q/Q Growth	-28.89%	-28.66%	-121.18%	249.95%	46.68%	-50.32%	-185.87%	401.27%	-27.04%	-70.89%
Invested Capital Q/Q Growth	2.13%	-0.74%	1.53%	1.62%	2.67%	-0.22%	0.54%	0.33%	3.60%	1.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.88%	10.42%	10.19%	10.26%	10.89%	11.67%	9.88%	11.15%	11.87%	12.72%
EBITDA Margin	5.90%	4.28%	4.32%	4.60%	5.23%	5.42%	3.39%	5.07%	5.44%	5.62%
Operating Margin	5.03%	3.23%	3.21%	3.56%	4.27%	4.29%	2.17%	3.98%	4.23%	4.22%
EBIT Margin	5.02%	3.24%	3.21%	3.56%	4.24%	4.30%	2.18%	3.98%	4.24%	4.19%
Profit (Net Income) Margin	3.54%	2.19%	2.09%	2.38%	2.89%	2.96%	1.36%	2.66%	2.85%	3.03%
Tax Burden Percent	75.51%	77.74%	76.47%	75.58%	75.07%	76.41%	80.59%	74.95%	75.09%	80.15%
Interest Burden Percent	93.44%	87.06%	85.22%	88.34%	90.85%	90.00%	77.56%	88.95%	89.46%	90.07%
Effective Tax Rate	24.49%	22.26%	23.53%	24.42%	24.93%	23.59%	19.41%	25.05%	24.91%	19.85%
Return on Invested Capital (ROIC)	36.80%	24.91%	24.69%	25.04%	28.60%	28.99%	15.17%	25.46%	25.58%	26.67%
ROIC Less NNEP Spread (ROIC-NNEP)	35.78%	23.87%	23.53%	23.98%	27.50%	28.04%	14.07%	24.41%	24.58%	25.69%
Return on Net Nonoperating Assets (RNNOA)	70.38%	54.11%	49.00%	51.62%	55.98%	64.78%	32.07%	53.11%	50.54%	53.44%
Return on Equity (ROE)	107.19%	79.03%	73.69%	76.67%	84.58%	93.76%	47.24%	78.57%	76.12%	80.10%
Cash Return on Invested Capital (CROIC)	28.89%	31.22%	23.26%	22.54%	19.35%	20.22%	19.30%	20.85%	18.46%	16.76%
Operating Return on Assets (OROA)	27.88%	18.60%	18.06%	18.79%	21.94%	21.89%	11.02%	19.53%	20.06%	19.10%
Return on Assets (ROA)	19.67%	12.59%	11.77%	12.55%	14.96%	15.06%	6.89%	13.02%	13.48%	13.79%
Return on Common Equity (ROCE)	107.19%	79.03%	73.69%	76.67%	84.58%	93.76%	47.24%	78.57%	76.12%	80.10%
Return on Equity Simple (ROE_SIMPLE)	86.68%	0.00%	87.44%	76.76%	62.14%	0.00%	66.08%	65.14%	61.44%	0.00%
Net Operating Profit after Tax (NOPAT)	236	135	125	150	186	166	85	163	166	159
NOPAT Margin	3.80%	2.51%	2.45%	2.69%	3.20%	3.27%	1.75%	2.98%	3.18%	3.39%
Net Nonoperating Expense Percent (NNEP)	1.02%	1.05%	1.16%	1.07%	1.09%	0.94%	1.10%	1.05%	1.00%	0.98%
Return On Investment Capital (ROIC_SIMPLE)	-	5.51%	-	-	-	6.31%	-	-	-	5.93%
Cost of Revenue to Revenue	89.12%	89.58%	89.81%	89.74%	89.11%	88.33%	90.12%	88.85%	88.13%	87.28%
SG&A Expenses to Revenue	4.95%	6.13%	5.86%	5.66%	5.62%	6.24%	6.49%	6.03%	6.42%	6.81%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.84%	7.19%	6.99%	6.71%	6.63%	7.38%	7.71%	7.16%	7.64%	8.49%
Earnings before Interest and Taxes (EBIT)	311	174	163	199	246	218	106	217	222	197
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	366	230	220	257	303	275	164	277	285	265
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.31	9.77	7.77	8.99	8.65	9.12	11.40	11.99	12.17	12.09
Price to Tangible Book Value (P/TBV)	21.39	36.33	22.41	23.88	19.41	20.93	28.39	28.30	27.86	27.27
Price to Revenue (P/Rev)	0.28	0.27	0.24	0.30	0.33	0.35	0.42	0.46	0.49	0.50
Price to Earnings (P/E)	9.59	9.30	8.88	11.71	13.92	13.57	17.25	18.40	19.80	20.22
Dividend Yield	0.44%	0.46%	0.53%	0.46%	0.44%	0.44%	0.38%	0.35%	0.35%	0.36%
Earnings Yield	10.43%	10.75%	11.26%	8.54%	7.18%	7.37%	5.80%	5.43%	5.05%	4.95%
Enterprise Value to Invested Capital (EV/IC)	3.35	3.38	3.02	3.46	3.58	3.69	4.24	4.54	4.55	4.53
Enterprise Value to Revenue (EV/Rev)	0.35	0.34	0.31	0.38	0.41	0.43	0.50	0.54	0.58	0.59
Enterprise Value to EBITDA (EV/EBITDA)	6.81	6.73	6.41	7.87	8.88	8.75	10.65	11.22	11.88	12.08
Enterprise Value to EBIT (EV/EBIT)	8.37	8.26	7.98	9.96	11.46	11.17	13.85	14.53	15.57	16.11
Enterprise Value to NOPAT (EV/NOPAT)	10.99	10.83	10.45	13.08	15.06	14.73	18.16	19.11	20.51	20.88
Enterprise Value to Operating Cash Flow (EV/OCF)	8.66	8.03	9.01	10.56	12.21	11.77	13.81	13.30	13.63	14.11
Enterprise Value to Free Cash Flow (EV/FCFF)	11.71	10.81	13.41	15.68	18.96	18.76	22.44	22.11	25.16	27.77
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.36	2.82	2.52	2.40	2.13	2.17	2.30	2.22	2.21	2.20
Long-Term Debt to Equity	2.34	2.80	2.50	2.38	2.12	2.15	2.28	2.20	2.19	2.18
Financial Leverage	1.97	2.27	2.08	2.15	2.04	2.31	2.28	2.18	2.06	2.08
Leverage Ratio	5.17	5.64	5.52	5.57	5.24	5.76	5.62	5.53	5.20	5.32
Compound Leverage Factor	4.83	4.91	4.70	4.92	4.76	5.18	4.36	4.92	4.65	4.79
Debt to Total Capital	70.25%	73.82%	71.57%	70.59%	68.09%	68.47%	69.71%	68.90%	68.86%	68.75%
Short-Term Debt to Total Capital	0.59%	0.61%	0.58%	0.58%	0.57%	0.57%	0.59%	0.60%	0.59%	0.58%
Long-Term Debt to Total Capital	69.66%	73.21%	70.98%	70.01%	67.53%	67.90%	69.11%	68.30%	68.27%	68.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	29.75%	26.18%	28.43%	29.41%	31.91%	31.53%	30.29%	31.10%	31.14%	31.25%
Debt to EBITDA	1.54	1.52	1.60	1.68	1.78	1.71	1.80	1.76	1.84	1.87
Net Debt to EBITDA	1.38	1.45	1.49	1.58	1.65	1.58	1.73	1.68	1.78	1.82
Long-Term Debt to EBITDA	1.53	1.51	1.58	1.67	1.77	1.69	1.78	1.75	1.82	1.85
Debt to NOPAT	2.49	2.45	2.60	2.79	3.03	2.87	3.07	3.00	3.17	3.23
Net Debt to NOPAT	2.22	2.34	2.43	2.62	2.79	2.67	2.95	2.86	3.08	3.14
Long-Term Debt to NOPAT	2.47	2.43	2.58	2.77	3.00	2.85	3.04	2.98	3.14	3.20
Altman Z-Score	7.81	7.80	7.75	7.59	7.55	7.46	7.59	7.61	7.64	7.35
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.01	0.85	0.92	0.94	1.02	0.95	0.87	0.84	0.80	0.79
Quick Ratio	0.60	0.42	0.49	0.46	0.58	0.53	0.50	0.49	0.37	0.33
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	191	136	-29	43	63	31	-27	81	59	17
Operating Cash Flow to CapEx	327.76%	272.53%	205.91%	242.15%	240.81%	246.26%	180.85%	222.15%	147.95%	195.98%
Free Cash Flow to Firm to Interest Expense	8.74	5.74	-1.16	1.73	2.57	1.31	-1.09	3.27	2.43	0.76
Operating Cash Flow to Interest Expense	11.70	9.42	6.01	6.85	7.72	11.38	5.46	10.47	8.28	10.86
Operating Cash Flow Less CapEx to Interest Expense	8.13	5.96	3.09	4.02	4.52	6.76	2.44	5.76	2.68	5.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	5.55	5.74	5.62	5.28	5.17	5.09	5.05	4.90	4.73	4.56
Accounts Receivable Turnover	98.03	98.22	89.14	78.32	72.53	69.63	66.01	64.40	67.91	66.90
Inventory Turnover	72.02	68.85	73.87	59.95	63.48	58.20	63.80	56.63	54.10	48.30
Fixed Asset Turnover	9.50	9.69	9.62	9.05	8.81	8.56	8.40	8.21	7.83	7.52
Accounts Payable Turnover	28.89	28.07	27.23	24.31	25.62	22.96	24.01	21.87	23.16	20.99
Days Sales Outstanding (DSO)	3.72	3.72	4.09	4.66	5.03	5.24	5.53	5.67	5.38	5.46
Days Inventory Outstanding (DIO)	5.07	5.30	4.94	6.09	5.75	6.27	5.72	6.45	6.75	7.56
Days Payable Outstanding (DPO)	12.64	13.00	13.41	15.01	14.24	15.90	15.20	16.69	15.76	17.39
Cash Conversion Cycle (CCC)	-3.85	-3.99	-4.37	-4.27	-3.46	-4.38	-3.95	-4.58	-3.64	-4.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,383	2,365	2,401	2,440	2,505	2,499	2,513	2,521	2,612	2,642
Invested Capital Turnover	9.68	9.91	10.07	9.31	8.93	8.85	8.67	8.53	8.05	7.88
Increase / (Decrease) in Invested Capital	45	-1.10	153	107	122	135	112	81	107	142
Enterprise Value (EV)	7,983	7,984	7,252	8,436	8,962	9,227	10,641	11,436	11,882	11,961
Market Capitalization	6,367	6,260	5,568	6,747	7,302	7,557	8,910	9,726	10,100	10,160
Book Value per Share	$32.80	$28.36	$33.03	$34.47	$39.35	$38.96	$37.55	$39.16	$40.51	$41.49
Tangible Book Value per Share	$12.74	$7.63	$11.45	$12.97	$17.54	$16.97	$15.08	$16.59	$17.69	$18.40
Total Capital	2,575	2,448	2,521	2,553	2,646	2,629	2,580	2,608	2,666	2,689
Total Debt	1,809	1,807	1,804	1,802	1,801	1,800	1,798	1,797	1,836	1,848
Total Long-Term Debt	1,794	1,792	1,789	1,787	1,786	1,785	1,783	1,781	1,820	1,833
Net Debt	1,617	1,724	1,684	1,689	1,661	1,670	1,731	1,710	1,782	1,801
Capital Expenditures (CapEx)	78	82	73	71	79	111	75	117	137	127
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-170	-191	-162	-143	-105	-156	-165	-219	-208	-231
Debt-free Net Working Capital (DFNWC)	23	-112	-46	-37	28	-31	-102	-135	-154	-184
Net Working Capital (NWC)	7.70	-127	-61	-52	13	-46	-117	-151	-170	-200
Net Nonoperating Expense (NNE)	16	17	18	17	18	16	19	18	17	17
Net Nonoperating Obligations (NNO)	1,617	1,724	1,684	1,689	1,661	1,670	1,731	1,710	1,782	1,801
Total Depreciation and Amortization (D&A)	54	56	56	58	58	57	59	59	63	67
Debt-free, Cash-free Net Working Capital to Revenue	-0.74%	-0.81%	-0.69%	-0.64%	-0.48%	-0.73%	-0.77%	-1.04%	-1.01%	-1.14%
Debt-free Net Working Capital to Revenue	0.10%	-0.48%	-0.20%	-0.17%	0.13%	-0.15%	-0.48%	-0.64%	-0.75%	-0.91%
Net Working Capital to Revenue	0.03%	-0.54%	-0.26%	-0.23%	0.06%	-0.22%	-0.55%	-0.71%	-0.82%	-0.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$9.46	$5.34	$4.89	$6.12	$7.83	$7.07	$3.17	$7.02	$7.30	$6.98
Adjusted Weighted Average Basic Shares Outstanding	23.21M	23.51M	21.74M	21.69M	21.40M	21.49M	20.81M	20.64M	20.44M	20.53M
Adjusted Diluted Earnings per Share	$9.28	$5.21	$4.80	$6.02	$7.69	$6.98	$3.12	$6.92	$7.20	$6.87
Adjusted Weighted Average Diluted Shares Outstanding	23.65M	23.95M	22.13M	22.05M	21.79M	21.84M	21.16M	20.92M	20.74M	20.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	22.59M	21.70M	21.78M	21.45M	21.28M	20.81M	20.72M	20.49M	20.25M	20.02M
Normalized Net Operating Profit after Tax (NOPAT)	236	135	125	150	186	166	84	164	167	162
Normalized NOPAT Margin	3.80%	2.52%	2.46%	2.69%	3.21%	3.28%	1.74%	3.00%	3.18%	3.44%
Pre Tax Income Margin	4.69%	2.82%	2.74%	3.15%	3.85%	3.87%	1.69%	3.54%	3.79%	3.77%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.27	7.34	6.55	7.96	10.00	9.09	4.24	8.72	9.10	8.62
NOPAT to Interest Expense	10.80	5.69	5.00	6.01	7.55	6.92	3.40	6.53	6.82	6.96
EBIT Less CapEx to Interest Expense	10.70	3.88	3.63	5.13	6.79	4.47	1.22	4.01	3.50	3.08
NOPAT Less CapEx to Interest Expense	7.23	2.24	2.08	3.18	4.34	2.29	0.38	1.82	1.22	1.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	4.44%	4.44%	4.91%	5.48%	6.20%	6.00%	6.60%	6.62%	7.02%	7.32%
Augmented Payout Ratio	108.42%	124.28%	111.53%	102.46%	84.79%	65.84%	85.19%	85.68%	100.78%	96.02%

Frequently Asked Questions About Murphy USA's Financials

When does Murphy USA's financial year end?

According to the most recent income statement we have on file, Murphy USA's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Murphy USA's net income changed over the last 9 years?

Murphy USA's net income appears to be on an upward trend, with a most recent value of $502.50 million in 2024, rising from $176.34 million in 2015. The previous period was $556.80 million in 2023.

What is Murphy USA's operating income?

Murphy USA's total operating income in 2024 was $742.90 million, based on the following breakdown:

Total Gross Profit: $2.31 billion
Total Operating Expenses: $1.56 billion

How has Murphy USA revenue changed over the last 9 years?

Over the last 9 years, Murphy USA's total revenue changed from $12.70 billion in 2015 to $20.24 billion in 2024, a change of 59.4%.

How much debt does Murphy USA have?

Murphy USA's total liabilities were at $3.70 billion at the end of 2024, a 5.4% increase from 2023, and a 238.4% increase since 2015.

How much cash does Murphy USA have?

In the past 9 years, Murphy USA's cash and equivalents has ranged from $47 million in 2024 to $280.30 million in 2019, and is currently $47 million as of their latest financial filing in 2024.

How has Murphy USA's book value per share changed over the last 9 years?

Over the last 9 years, Murphy USA's book value per share changed from 16.94 in 2015 to 41.49 in 2024, a change of 144.9%.

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This page (NYSE:MUSA) was last updated on 4/14/2025 by MarketBeat.com Staff

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Murphy USA (MUSA) Financials

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Murphy USA (MUSA) Financials

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