Marathon Petroleum (FRA:MPN) Total Inventories: €9,311 Mil (As of Mar. 2026)


FRA:MPN Marathon Petroleum Corp FRA:MPN
66 GF Score
Price €214.30
GF Value €174.61
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Marathon Petroleum Total Inventories?

Marathon Petroleum FRA:MPN -1.20% 66 Total Inventories is €9,311 Mil as of Mar. 2026. GuruFocus rates FRA:MPN with a GF Score™ of 66/100 and a GF Value™ of €174.61 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Marathon Petroleum's total inventories for the quarter that ended in Mar. 2026 was €9,311 Mil. Marathon Petroleum's average total inventories from the quarter that ended in Dec. 2025 to the quarter that ended in Mar. 2026 was €8,981 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Marathon Petroleum's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was €-156.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marathon Petroleum's Days Inventory for the three months ended in Mar. 2026 was 29.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. Marathon Petroleum's Inventory Turnover for the quarter that ended in Mar. 2026 was 3.09.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Marathon Petroleum's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.30.


Marathon Petroleum  (FRA:MPN) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Marathon Petroleum's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is

Net-Net Working Capital Per Share (Q: Mar. 2026 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1860.615+0.75 * 12654.085+0.5 * 9310.86-56017.4
-0-5773.01)/293.000
=-156.26

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Marathon Petroleum's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=8980.513/27740.55*365 / 4
=29.54

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Marathon Petroleum's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2026 ) / Average Total Inventories (Q: Mar. 2026 )
=27740.55 / 8980.513
=3.09

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Marathon Petroleum's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=8980.513 / 29583
=0.30

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Marathon Petroleum Total Inventories Related Terms


Marathon Petroleum Total Inventories Historical Data

* Premium members only.

The historical data trend for Marathon Petroleum's Total Inventories 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.

Marathon Petroleum Total Inventories Chart

Marathon Petroleum Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,128.68 8,332.69 8,543.69 9,137.44 8,650.17

Marathon Petroleum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,701.40 8,761.90 8,374.31 8,650.17 9,310.86
FRA:MPN
66GF Score
Marathon Petroleum Corp FRA:MPN
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
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Marathon Petroleum Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of €9,311 Mil mean?
Marathon Petroleum (FRA:MPN) has a Total Inventories of €9,311 Mil as of Mar. 2026. The total amount of inventory as recorded on a company's balance sheet. View historical data for Marathon Petroleum and its competitors.
Is Marathon Petroleum's Total Inventories too high?
Marathon Petroleum's current Total Inventories is €9,311 Mil. Overall, Marathon Petroleum has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marathon Petroleum's Total Inventories compare to VLO and PSX?
Marathon Petroleum's Total Inventories of €9,311 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for an Oil & Gas company?
A good Total Inventories depends on the Oil & Gas industry context. However, Total Inventories should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Marathon Petroleum and its competitors. Marathon Petroleum's current Total Inventories is €9,311 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marathon Petroleum stock overvalued right now?
Based on GuruFocus' analysis, Marathon Petroleum (FRA:MPN) is currently considered Modestly Overvalued. The stock's GF Value™ is €174.61, compared to a current price of €214.30 — trading 22.7% above its estimated fair value. The current Total Inventories is €9,311 Mil. Marathon Petroleum's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Marathon Petroleum (FRA:MPN), the current Total Inventories is €9,311 Mil 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 Marathon Petroleum (FRA:MPN) Overvalued in 2026?

Based on GuruFocus' analysis, Marathon Petroleum stock appears to be overvalued. The current stock price of €214.30 is trading 22.7% above its estimated GF Value™ of €174.61. GuruFocus considers Marathon Petroleum to be Modestly Overvalued.

Key valuation signals for FRA:MPN:

  • Total Inventories: €9,311 Mil
  • GF Value™: €174.61 vs. price of €214.30 (22.7% above fair value)
  • GF Score™: 66/100 with 6 warning signs

No single metric tells the full story. See the FRA:MPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marathon Petroleum Business Description

Industry EnergyOil & Gas
Address 539 South Main Street, Findlay, OH, USA, 45840-3229
Marathon Petroleum is a leading integrated downstream and midstream energy company that operates 13 refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States with an aggregate crude oil refining capacity of 3.0 million barrels per day. The company is one of the largest producers of renewable diesel in the US; its Dickinson, North Dakota facility has the capacity to produce 184 million gallons per year, and its Martinez, California, joint venture facility (a 50/50 partnership with Neste) reached its full capacity of 730 million gallons per year in late 2024. Marathon also owns the general partner and approximately 64% of MPLX LP, a large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets.
66GF Score

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Total Inventories is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€214.30
Price
€174.61
GF Value