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MPLX LPMPLX +1.12%83 FCF Margin % is 28.46% as of Jun. 2026, which is 25% below its 10-year median of 37.75. GuruFocus rates MPLX with a GF Score™ of 83/100 and a GF Value™ of $54.21 (Fairly Valued). The stock has 7 warning signs investors should review. Among 919 Oil & Gas companies, MPLX LP ranks better than 89.12% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. MPLX LP's Free Cash Flow for the
three
months ended in Jun. 2026 was $877 Mil. MPLX LP's Revenue for the
three
months ended in Jun. 2026 was $3,082 Mil. Therefore, MPLX LP's FCF Margin % for the quarter that ended in Jun. 2026 was 28.46%.
The historical data trend for MPLX LP's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Midstream subindustry, MPLX LP's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MPLX LP FCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MPLX LP's FCF Margin % distribution charts can be found below:
* The bar in red indicates where MPLX LP's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MPLX LP (MPLX) has a FCF Margin % of 28.46% as of Jun. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on MPLX LP and its competitors. This is 25% below median its historical median of 37.75. Over the past decade, MPLX LP's FCF Margin % has ranged from 5.91 to 45.77. According to the industry distribution chart, MPLX LP ranks #100 out of 919 companies in the Oil & Gas industry, placing it in the top 10.9%.
Is MPLX LP's FCF Margin % too high?
MPLX LP's current FCF Margin % of 28.46% is 25% below median its 10-year median of 37.75. Over the past 10 years, this metric has ranged from a low of 5.91 to a high of 45.77. The Oil & Gas industry median FCF Margin % is 3.39. MPLX LP's value of 28.46% is 739.5% above this industry median. Based on the distribution chart, MPLX LP ranks #100 out of 919 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, MPLX LP has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MPLX LP's FCF Margin % compare to OKE and TRGP?
According to the Oil & Gas industry distribution chart, MPLX LP ranks #100 out of 919 companies for FCF Margin %. This places MPLX LP in the top 11% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.39. MPLX LP's value of 28.46% is 739.5% above this benchmark. Historically, MPLX LP's own FCF Margin % has ranged from 5.91 to 45.77 over the past decade. While the company's 10-year median is 37.75 vs. the industry median of 3.39, MPLX LP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.39, based on 919 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MPLX LP's current FCF Margin % of 28.46% is 739.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on MPLX LP and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MPLX LP's current FCF Margin % is 28.46%, which is 25% below median its own 10-year median of 37.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MPLX LP stock overvalued right now?
Based on GuruFocus' analysis, MPLX LP (MPLX) is currently considered Fairly Valued. The stock's GF Value™ is $54.21, compared to a current price of $59.48 — trading 9.7% above its estimated fair value. The current FCF Margin % is 28.46%, which is 25% below median its 10-year median of 37.75 and 739.5% above the Oil & Gas industry median of 3.39. MPLX LP's overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For MPLX LP (MPLX), the current FCF Margin % is 28.46% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MPLX LP (MPLX) Overvalued in 2026?
Based on GuruFocus' analysis, MPLX LP stock appears to be overvalued.
The current stock price of $59.48 is trading 9.7% above its estimated GF Value™ of $54.21.
GuruFocus considers MPLX LP to be Fairly Valued.
Key valuation signals for MPLX:
FCF Margin %: 28.46% (25% below median its 10-year median of 37.75)
GF Value™: $54.21 vs. price of $59.48 (9.7% above fair value)
Industry Position: 739.5% above the Oil & Gas median (#100 of 919)
No single metric tells the full story. See the MPLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MPLX is a partnership that owns pipelines and gathering and processing assets with extensive holdings in the Appalachian and Permian regions. The asset base is made up of crude oil and refined products assets dropped down from Marathon Petroleum, its sponsor, and natural gas and natural gas liquids gathering and processing assets that were purchased or built.
83GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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