Murphy USAMUSA +0.35%83 Gross Margin % is 12.75% as of Mar. 2026, which is 22% above its 10-year median of 10.45. GuruFocus rates MUSA with a GF Score™ of 83/100 and a GF Value™ of $458.05 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,113 Retail - Cyclical companies, Murphy USA ranks worse than 87.06% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Murphy USA's Gross Profit for the
three
months ended in Mar. 2026 was $614 Mil. Murphy USA's Revenue for the
three
months ended in Mar. 2026 was $4,819 Mil. Therefore, Murphy USA's Gross Margin % for the quarter that ended in Mar. 2026 was 12.75%.
The historical rank and industry rank for Murphy USA's Gross Margin % or its related term are showing as below:
MUSA'
s Gross Margin % Range Over the Past 10 Years
Min: 7.58 Med: 10.45 Max: 12.81
Current: 12.65
During the past 13 years, the highestGross Margin % of Murphy USA was 12.81%. The lowest was 7.58%. And the median was 10.45%.
MUSA's Gross Margin % is ranked worse than 87.06% of 1113
companies
in the Retail - Cyclical industry
Industry Median: 36.37
vs MUSA: 12.65
Murphy USA had a gross margin of 12.75% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Murphy USA was 0.00% per year.
Murphy USA (NYSE:MUSA) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Murphy USA had a gross margin of 12.75% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Murphy USA Gross Margin % Related Terms
Murphy USA Gross Margin % Historical Data
* Premium members only.
The historical data trend for Murphy USA's Gross 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.
MUSA vs GME, FIVE, BBWI: Gross Margin % Comparison
For the Specialty Retail subindustry, Murphy USA's Gross Margin %, along with its competitors' market caps and Gross 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.
Murphy USA Gross Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Murphy USA's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Murphy USA's Gross 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Murphy USA (MUSA) has a Gross Margin % of 12.75% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Murphy USA and its competitors. This is 22% above median its historical median of 10.45. Over the past decade, Murphy USA's Gross Margin % has ranged from 7.58 to 12.81. According to the industry distribution chart, Murphy USA ranks #969 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 87.1%.
Is Murphy USA's Gross Margin % too high?
Murphy USA's current Gross Margin % of 12.75% is 22% above median its 10-year median of 10.45. Over the past 10 years, this metric has ranged from a low of 7.58 to a high of 12.81. The Retail - Cyclical industry median Gross Margin % is 36.37. Murphy USA's value of 12.75% is 64.9% below this industry median. Based on the distribution chart, Murphy USA ranks #969 out of 1113 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Murphy USA has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Murphy USA's Gross Margin % compare to GME and FIVE?
According to the Retail - Cyclical industry distribution chart, Murphy USA ranks #969 out of 1113 companies for Gross Margin %. This places Murphy USA in the lower half of its industry. The industry median Gross Margin % is 36.37. Murphy USA's value of 12.75% is 64.9% below this benchmark. Historically, Murphy USA's own Gross Margin % has ranged from 7.58 to 12.81 over the past decade. While the company's 10-year median is 10.45 vs. the industry median of 36.37, Murphy USA has consistently been below 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 Gross Margin % for a Retail - Cyclical company?
The median Gross Margin % among Retail - Cyclical companies is 36.37, based on 1,113 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Murphy USA's current Gross Margin % of 12.75% is 64.9% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Murphy USA and its competitors. For the Retail - Cyclical industry, the median Gross Margin % is 36.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Murphy USA's current Gross Margin % is 12.75%, which is 22% above median its own 10-year median of 10.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murphy USA stock overvalued right now?
Based on GuruFocus' analysis, Murphy USA (MUSA) is currently considered Modestly Overvalued. The stock's GF Value™ is $458.05, compared to a current price of $560.75 — trading 22.4% above its estimated fair value. The current Gross Margin % is 12.75%, which is 22% above median its 10-year median of 10.45 and 64.9% below the Retail - Cyclical industry median of 36.37. Murphy USA's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Murphy USA (MUSA), the current Gross Margin % is 12.75% as of Mar. 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 Murphy USA (MUSA) Overvalued in 2026?
Based on GuruFocus' analysis, Murphy USA stock appears to be overvalued.
The current stock price of $560.75 is trading 22.4% above its estimated GF Value™ of $458.05.
GuruFocus considers Murphy USA to be Modestly Overvalued.
Key valuation signals for MUSA:
Gross Margin %: 12.75% (22% above median its 10-year median of 10.45)
GF Value™: $458.05 vs. price of $560.75 (22.4% above fair value)
Industry Position: 64.9% below the Retail - Cyclical median (#969 of 1113)
No single metric tells the full story. See the MUSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Murphy USA Inc is mainly engaged in the marketing of retail motor fuel products and convenience merchandise through a network of several retail stores in the Southwest, Southeast, Midwest, and Northeast United States. The majority of Murphy USA's stores are located in proximity to Walmart Supercenters, but it also operates standalone stores that market gasoline and other products under the Murphy USA, Murphy Express, and QuickChek brands. In addition, the company also markets fuel to unbranded wholesale customers through a mixture of company-owned and third-party product distribution terminals and pipeline positions. The firm generates maximum revenue through retail sales of petroleum products, and the rest from merchandise sales and wholesale of petroleum products.
83GF Score
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