Marathon PetroleumvsWestern Midstream Partners

MPC and WES stock compared: price, dividend, valuation and results, from SEC filings.

MPC

Marathon Petroleum Corporation

$414.65

Value $113B

+0.44%
MPC's page

WES

Western Midstream Partners, LP

$42.23

Value $16.6B

+1.08%
WES's page

Marathon Petroleum (MPC) has a market value of $113B and Western Midstream Partners (WES) $16.6B. Over the last year, with dividends, MPC moved +114.1% and WES +18.1%. The P/E is 7.7 for MPC and 12.9 for WES. Dividend yield: MPC 0.96%, WES 9.18%.

At a glance

The main figures of both. A bar only shows which number is larger, not which is better.

  • Market value

    MPC$113B

    WES$16.6B

    MPC is 6.8 times WES

  • Revenue, 12 months

    MPC$175B

    WES$4.6B

    MPC is 38 times WES

  • Net income, 12 months

    MPC$14.6B

    WES$1.3B

    MPC is 11 times WES

  • Operating margin

    MPC12.5%

    WES38.5%

    26.0 points apart

  • ROIC

    MPC33.6%

    WES17.3%

    16.3 points apart

  • P/E

    MPC7.7

    WES12.9

    WES is 1.7 times MPC

  • Dividend yield

    MPC1.0%

    WES9.2%

    8.2 points apart

  • 5-year return

    MPC+604.9%

    WES+191.2%

    413.7 points apart

A fainter bar means a negative number. The 5-year return includes dividends.

The price over time

Both start at 100 at the beginning of the period, so the lines show how much each changed. With dividends means each dividend buys more shares.

MPC+604.9%

WES+191.2%

25050075020222023202420252026
Returns by period
PeriodMPCWith dividendsWESWith dividends
1 year since November 12, 2025+114.1%Price +110.6%+18.1%Price +8.5%
3 years since November 13, 2023+199.9%+44.2% a yearPrice +182.5%+100.8%+26.2% a yearPrice +53.6%
5 years since November 12, 2021+604.9%+47.8% a yearPrice +530.2%+191.2%+23.8% a yearPrice +89.5%
10 years since November 15, 2016+1,166.6%+28.9% a yearPrice +846.0%+116.0%+8.0% a yearPrice -5.4%

Each cell: the total return with dividends, its yearly rate, and the price change alone. Before taxes and costs. Past returns do not predict future ones.

Every figure

As on each company's page. A description, not a recommendation: no one figure says which is better.

MPCMarathon PetroleumWESWestern Midstream Partners

Valuation

MPCWES
Valuation
Price$414.65$42.23
Market value$113B$16.6B
Enterprise value (EV)$132B$24.4B
P/E7.712.9
P/E, 5-year median6.3–
P/B4.9–
EV/EBIT6.113.9
Free cash flow yield18.5%8.1%

Results and growth

MPCWES
Results and growth
Revenue, 12 months$175B$4.6B
Net income, 12 months$14.6B$1.3B
Free cash flow, 12 months$20.8B$1.3B
Earnings per share, 12 months$51.12$3.27
Revenue growth, year on year-4.4%6.6%
Revenue growth a year, past+13.7%over 5 years+8.6%over 5 years
EPS growth a year, past––

Margins and returns on capital

MPCWES
Margins and returns on capital
Gross margin15.9%91.0%
Operating margin12.5%38.5%
Net margin8.4%28.2%
ROIC33.6%17.3%
ROE78.3%–

Balance sheet

MPCWES
Balance sheet
Cash$13.6B$819M
Total debt$34.5B$8.8B
Net debt / EBITDA0.83.2
Interest cover12.9×4.0×

Dividends and buybacks

MPCWES
Dividends and buybacks
Dividend yield1.0%9.2%
Dividend per share, 12 months$4.00$3.88
Dividend growth a year, past+10.0%over 5 years+17.9%over 5 years
Buyback yield3.1%–
Shareholder yield4.1%9.2%

Last 12 months from the latest 10-Q and 10-K. Value, P/E and yields at today's price. A dash means the figure does not exist or did not pass our checks.

Questions: MPC or WES

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Which is bigger, Marathon Petroleum or Western Midstream Partners?

By market value, Marathon Petroleum ($113B) is about 6.8 times Western Midstream Partners ($16.6B), at today's prices.

How did MPC and WES stock do over the last 10 years?

Since November 15, 2016, MPC's price moved +846.0% and WES's -5.4%. With dividends: MPC +1,166.6% (+28.9% a year), WES +116.0% (+8.0% a year). Past returns do not predict future ones.

Which pays the higher dividend, MPC or WES?

The dividend yield at today's price is 0.96% for Marathon Petroleum and 9.18% for Western Midstream Partners. Over the last twelve months they paid $4.00 and $3.88 per share.

What is the P/E of MPC and WES?

At today's price, the P/E is 7.7 for MPC and 12.9 for WES. It is the share price over the last twelve months' earnings per share.

Which has the higher profit margins, Marathon Petroleum or Western Midstream Partners?

Over the last twelve months, the net margin was 8.4% for Marathon Petroleum and 28.2% for Western Midstream Partners, and the operating margin 12.5% and 38.5%. Revenue was $175B and $4.6B.

Which is the better investment, Marathon Petroleum or Western Midstream Partners?

The page does not answer that and does not suggest buying or selling. It puts the two companies' numbers side by side, from their SEC filings, for you to read and form your own view. The decision depends on your goals and situation.

Other comparisons

With each of the two, and with the largest in its sector.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

Descriptive data from SEC filings and market prices.