Murphy USA Inc.

Retail-Auto Dealers & Gasoline Stations

MUSAStrained9 of 11 basics passed

$529.14

+2.11%

Market cap $9.73B

$529.14

+2.11%

Market cap $9.73B

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.

It is a $9.73B consumer company. Revenue grew 10.3% over the last year, it keeps 3¢ of every dollar of sales as profit, and its net debt equals ~4.0 years of free cash flow. It trades at 15.8× earnings — around the middle of its own history.

Website: murphyusa.com
Location: El Dorado, AR
Employees: 16 900
Sector: Consumer Cyclical
Founded: 2013

Share price · 3 years

$365.10 → $529.14+44.9%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $21.5B
Profit: keeps 3¢ of every $1 sold; $617M
Free cash flow: cash left after running the business; $542M
Net debt: debt minus cash on hand; $2.15B
P/E: years of profit in the price; 15.8
EPS: earnings per share, TTM; $31.61
Dividend: pays out 7% of profit · 8% of FCF; 0.47%
Shares: down 51% since 2016 — buybacks; 19.5M
Volatility: beta vs the market — under 1 swings less; 0.33

Revenue, last 10 years

52-week range

Low $356.57$529.14High $622.78

Today's price is 65% of the way from the year's low to its high.

P/E vs its history5y

15.8×median 15.9×

Higher than 48% of past days — around the middle of its own history.

Valuation vs own history

P/E

15.8×

53%

P/S

0.5×

22%

EV/EBITDA

13.4×

52%

P/B

12.4×

31%

FCF yield

5.6%

56%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

-$605Knet selling

Purchases$0

Sales$605K

Insiders trading, last 14d0 buy · 0 sell

Standing in Consumer Cyclical

Size$9.73Btop 78%
Revenue growth-6%top 97%
Net margin3%top 78%
Return on equity95%top 16%
P/E15.8×top 28%
Dividend yield0.47%top 92%

Ranked against 99 Consumer Cyclical companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation and quality; Growth and Health lag behind.

Valuation82

P/E vs own history48th pct · 12/25
FCF yield5.6% · 20/25
P/S0.5x · 25/25
EV/EBITDA9.7x · 25/25

Growth32

Revenue CAGR2.8% · 6/25
Net income CAGR4.4% · 6/25
EPS CAGR ~5Y13.0% · 20/25
Fwd implied growth-0.6% · 0/25

Profitability56

ROIC16.9% · 20/25
ROE94.6% · 25/25
Net margin2.9% · 6/25
Operating margin4.3% · 5/25

Health29

Altman Zn/a · 0/25
Current ratio0.92 · 6/25
Interest coverage6.5x · 18/25
Net cash / debtD/A 46% · 5/25

Quality87

Piotroski F6/9 · 15/25
Beneish M-2.91 · 25/25
FCF conversion88% · 22/25
Margin stabilityσ 1.3% · 25/25

Moat62

ROIC >12% years10/10 yrs · 25/25
Median gross margin10.7% · 0/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 1.1% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2022Financial
Best year on record
$673M net income
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $10B
$11.6B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak
2013Founded
It was founded as a spin-off of Murphy Oil in 2013

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$31 271 today — price return only

$19.4B revenue in FY2025

Revenue up 10.3% year over year

Profitable 10 years in a row

Positive free cash flow 10 years in a row

16 900 employees

ROIC of 16.9%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Revenue growing 10.3% year over year
Interest covered 6.5× by operating earnings
High returns on invested capital (ROIC 16.9%)

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

9 of 11 checks passed

Revenue growing — the company sells more than a year ago+10.3% YoY
Profitable — makes more than it spends$617M TTM
Profit growing — earnings are higher than last year-4.9% YoY
Generates cash — cash left after running and investing$542M TTM
Debt under control — could handle its obligations~4.0y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$9.73B market cap
Not printing shares — share count not ballooning — you keep your slice-33.9% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distresshealth score 24/100
Pays a dividend — returns cash to shareholdersyield 0.47%
Valuation not extreme — price not wildly above earningsP/E 15.8

Peer comparisonMurphy USA Inc. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
MUSA this company	$9.7B	15.8	+10.3%	2.9%	Strained
AMZN Amazon.Com Inc	$2.8T	20.9	+15.8%	17.4%	Mixed
TSLA Tesla, Inc.	$1.5T	397.1	+11.8%	3.7%	Strong
NFLX NetFlix Inc	$292.8B	21.4	+16.0%	28.2%	Solid
HD Home Depot, Inc.	$290.4B	20.4	-16.0%	8.7%	Solid
DIS The Walt Disney Company	$186.5B	21.7	+4.6%	8.7%	Solid
MCD McDonald's Corporation	$166.9B	18.9	+6.3%	31.7%	Strained

Head-to-head: MUSA vs AMZN · MUSA vs TSLA · MUSA vs NFLX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 4Buy 7Hold 7

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $21.5B · net income $617M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$21.5B

YoY 10.3%

Net income (TTM)

$617M

Margin 2.9%

Gross margin

12.2%

Operating margin

4.3%

P/E ratio

15.8

Dividend yield

0.47%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	11.3	17.4	23.4	21.5	20.2	19.4
Gross profit	0.6	1.8	2.4	2.3	2.3	2.4
Operating income (EBIT)	0.6	0.6	1.0	0.8	0.7	0.7
Net income	0.4	0.4	0.7	0.6	0.5	0.5
EPS (diluted)	13.08	14.92	28.10	25.49	24.11	24.10

Cash flowFree cash flow $542M · operating cash flow $985M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$542M

Margin 2.5%

Operating cash flow (TTM)

$985M

FCF margin

2.5%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	0.6	0.7	1.0	0.8	0.8	0.8
Capital expenditure	-0.2	-0.3	-0.3	-0.3	-0.5	-0.4
Free cash flow	0.3	0.5	0.7	0.4	0.4	0.4
FCF margin	3.0%	2.7%	2.9%	2.1%	1.9%	1.9%

Balance sheetAssets $4.73B · net debt $2.15B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $4.73B of assets is financed

87%

Liabilities $4.10B — borrowed moneyEquity $624M — owners' stake

Cash vs debt

Total debt $2.18B − cash $28.9M = net debt $2.15B

Cash on hand covers 1% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

6.5x

EBIT ÷ interest expense

ROE

94.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	0.2	0.3	0.1	0.1	0.0	0.0
Total assets	2.7	4.0	4.1	4.3	4.5	4.7
Total liabilities	1.9	3.2	3.5	3.5	3.7	4.1
Total debt	1.0	1.8	1.8	1.8	1.8	2.2
Equity	0.8	0.8	0.6	0.8	0.8	0.6
Net debt	0.8	1.6	1.7	1.7	1.8	2.2

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of MUSA on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $529.14 · market cap $9.73B.