Murphy USA Inc. MUSA

Consumer discretionary SIC 5500 - Retail-Auto Dealers & Gasoline Stations NAICS Retail Trade › Motor Vehicle and Parts Dealers derived NYSE

Murphy USA Inc. ("Murphy USA", the "Company", "we", "us", or "our") was incorporated in Delaware on March 1, 2013 and holds, through its subsidiaries, the former U.S. retail marketing business of its former parent company, Murphy Oil Corporation ("Murphy Oil"), plus other assets and liabilities of Murphy Oil that supported the activities of the U.S. retail marketing operations. In addition, on January 29, 2021, the Company acquired Quick Chek Corporation ("QuickChek" or "QC"), a privately held convenience store chain.

Our business consists primarily of the marketing of retail motor fuel products and convenience merchandise through a network of 1,800 retail stores located in 27 states, of which 1,649 were branded as Murphy stores and 151 were branded as QuickChek stores. The majority of our existing and new-to-industry ("NTI") retail gasoline stores operate under the brand names of Murphy USA and Murphy Express. Plans are underway to transition all existing Murphy Express branded stores to the Murphy USA brand name. These locations operate within close proximity to Walmart stores or within preferred markets across 25 states in the Southeast, Southwest, and Midwest regions of the United States. We also operate a combination of convenience stores and convenience stores with retail gasoline located in New Jersey and New York under the brand name of QuickChek and comprises our Northeast region. In addition, we market fuel to unbranded wholesale customers through a mixture of Company-owned and third-party product distribution terminals and pipeline positions. We are an independent publicly traded company, with low-price, high-volume fuel retail outlets selling convenience merchandise through low-cost small store formats and kiosks, as well as larger format stores that have a broader range of merchandise and food and beverage offerings which are driven by key strategic relationships and experienced management.

Last close 534.63 2026-10-23
Market cap $9.83B 2026-06-30 share count
52-week range 349.83 - 636.04

Valuation FY2025 figures against the last close

P/S0.5x
P/E22.2x
P/FCF26.3x
EV/EBITDA9.9x
Dividend yield0.4%
Diluted EPS24.10

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $19.38B$20.24B$21.53B$23.45B$17.36B$11.26B$14.03B$14.36B$12.83B$11.59B
Cost of revenue ————————$1.99B$1.97B
Gross profit ————————$10.84B$9.62B
SG&A $231.5M$235.4M$240.5M$232.5M$193.6M$171.1M$144.6M$136.2M$141.2M$122.7M
Total operating expenses $18.66B$19.50B$20.70B$22.48B$16.76B$10.71B$13.77B$14.09B$12.54B$11.29B
Operating income $718.5M$742.9M$826.0M$968.4M$604.0M$559.0M$268.5M$325.1M$283.3M$388.1M
Interest expense $110.9M$97.1M$98.5M$85.3M$82.4M$51.2M$54.9M$52.9M$46.7M$39.7M
Pre-tax income $609.2M$651.6M$734.4M$883.8M$521.9M$509.1M$202.4M$273.9M$240.1M$352.1M
Income tax $138.6M$149.1M$177.6M$210.9M$125.0M$123.0M$47.6M$60.3M$5.2M$130.6M
Net income $470.6M$502.5M$556.8M$672.9M$396.9M$386.1M$154.8M$213.6M$245.3M$221.5M
EPS, basic 24.3824.4725.9128.6315.1413.254.906.546.855.64
EPS, diluted 24.1024.1125.4928.1014.9213.084.866.486.785.59
Shares, diluted (wtd. avg.) 19.5M20.8M21.8M23.9M26.6M29.5M31.9M33.0M36.2M39.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $28.9M$47.0M$117.8M$60.5M$256.4M$163.6M$280.3M$184.5M$170.0M$153.8M
Short-term investments —$0$7.1M$17.9M$0—————
Receivables $276.2M$268.5M$336.7M$281.7M$195.7M$168.8M$172.9M$138.8M$225.2M$183.5M
Inventory $413.0M$401.6M$341.2M$319.1M$292.3M$279.1M$227.6M$221.5M$182.5M$153.4M
Total current assets $747.8M$748.1M$826.5M$726.8M$767.8M$625.2M$710.8M$570.1M$614.2M$515.6M
Property, plant and equipment ——————$1.81B$1.75B$1.68B$1.53B
Goodwill $328.0M$328.0M$328.0M$328.0M$328.0M$0————
Other intangibles $139.3M$139.5M$139.8M$140.4M$140.7M$34.6M————
Total assets $4.73B$4.54B$4.34B$4.12B$4.05B$2.69B$2.69B$2.36B$2.33B$2.09B
Accounts payable $865.2M$874.4M$834.7M$839.2M$660.3M$471.1M$466.2M$456.9M$513.4M$473.4M
Total current liabilities $929.1M$947.9M$872.8M$854.2M$675.3M$531.1M$505.0M$478.1M$533.3M$514.6M
Total liabilities $4.10B$3.70B$3.51B$3.48B$3.24B$1.90B$1.88B$1.55B$1.59B$1.39B
Retained earnings $4.17B$3.74B$3.28B$2.76B$2.11B$1.74B$1.36B$1.21B$994.5M$749.3M
Total equity $623.5M$840.1M$828.9M$640.7M$807.2M$784.1M$803.0M$807.3M$738.4M$697.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $813.9M$847.6M$784.0M$994.7M$737.4M$563.7M$313.3M$398.7M$283.6M$337.4M
Depreciation and amortisation $275.8M$247.0M$227.7M$219.4M$211.6M$160.0M$151.2M$132.5M$115.0M$97.0M
Capital expenditure $439.6M$458.1M$335.6M$305.3M$274.7M$230.7M$204.8M$204.3M$258.3M$262.1M
Investing cash flow -$436.0M-$445.8M-$323.6M-$319.3M-$914.2M-$224.3M-$203.1M-$209.1M-$262.1M-$134.8M
Financing cash flow -$396.0M-$472.6M-$403.1M-$871.3M$269.6M-$456.1M-$14.4M-$175.1M-$5.3M-$151.1M
Dividends paid $41.5M$36.8M$33.4M$29.9M$27.3M$6.9M$0$0——
Buybacks $649.9M$445.7M$333.2M$806.4M$355.0M$399.6M$165.8M$144.4M$206.0M$323.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001573516-26-000090.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 11.6B Gross profit, FY2016: 9.6B Net income, FY2016: 221.5M Revenue, FY2017: 12.8B Gross profit, FY2017: 10.8B Net income, FY2017: 245.3M Revenue, FY2018: 14.4B Net income, FY2018: 213.6M Revenue, FY2019: 14B Net income, FY2019: 154.8M Revenue, FY2020: 11.3B Net income, FY2020: 386.1M Revenue, FY2021: 17.4B Net income, FY2021: 396.9M Revenue, FY2022: 23.4B Net income, FY2022: 672.9M Revenue, FY2023: 21.5B Net income, FY2023: 556.8M Revenue, FY2024: 20.2B Net income, FY2024: 502.5M Revenue, FY2025: 19.4B Net income, FY2025: 470.6M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $11.59B $12.83B $14.36B $14.03B $11.26B $17.36B $23.45B $21.53B $20.24B $19.38B
Gross profit $9.62B $10.84B — — — — — — — —
Net income $221.5M $245.3M $213.6M $154.8M $386.1M $396.9M $672.9M $556.8M $502.5M $470.6M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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