# MURPHY USA INC. (MUSA) — Stock CV

Murphy USA Inc. 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.

> 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.

## Identity

- **Ticker**: MUSA
- **Sector**: Consumer Cyclical
- **Industry**: Retail-Auto Dealers & Gasoline Stations
- **Headquarters**: EL DORADO, AR
- **Employees**: 16 900
- **Website**: https://www.murphyusa.com
- **Market cap**: $9.73B
- **Last price**: $529.14
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $21.5B
- **Net income**: $617M
- **Free cash flow**: $542M
- **Net debt**: $2.15B
- **P/E**: 15.8
- **Revenue growth (YoY)**: 10.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 82 |
| Growth | 32 |
| Profitability | 56 |
| Health | 29 |
| Quality | 87 |
| Moat | 62 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +10.3% YoY
- [x] Profitable — $617M TTM
- [ ] Profit growing — -4.9% YoY
- [x] Generates cash — $542M TTM
- [x] Debt under control — ~4.0y of cash flow to repay
- [x] Established company — $9.73B market cap
- [x] Not printing shares — -33.9% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 24/100
- [x] Pays a dividend — yield 0.47%
- [x] Valuation not extreme — P/E 15.8

## Experience (career milestones)

- **FY2022** — Best year on record: $673M net income
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $11.6B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2013** — It was founded as a spin-off of Murphy Oil in 2013

## 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

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $17.4B | $397M | $463M |
| FY2022 | $23.4B | $673M | $689M |
| FY2023 | $21.5B | $557M | $448M |
| FY2024 | $20.2B | $503M | $390M |
| FY2025 | $19.4B | $471M | $374M |

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Source: https://stockcv.com/MUSA — derived from company filings; may be delayed or incomplete. Information, not investment advice.