Murphy USA (MUSA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Murphy USA

NYSE•Consumer Cyclical•Specialty Retail

$511.33-10.97(-0.02%)Pre-market

Market Cap

$9.64B

P/E

15.6x

P/S

0.4x

P/B

12.3x

Murphy USA Inc., together with subsidiaries, engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest areas of the United States. Murphy USA Inc. was founded in 1996 and is headquartered in El Dorado, Arkansas.

How this company scores

GoodMetricSide Score: 75/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (16/25).

Profitability16/25

Growth20/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowHigh ROERising earningsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 15.6x5y range 8.8x – 20.1x

Currently near its 20-quarter median.

P/S · 0.4x5y range 0.2x – 0.5x

Currently near its 20-quarter median.

P/B · 12.3x5y range 5.3x – 14.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Watch

D/E ratio of 2.8 is elevated. Watch for further debt accumulation.

Price & Volume

Market Cap $9.64B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $21.48B
Q. Revenue: $6.81B
TTM EBITDA: $1.21B
TTM Op. Income: $921.40M
Q. Op. Income: $304.90M
TTM Net Income: $617.20M
Q. Net Income: $209.10M
EPS: $11.34
Shares Out.: $18.44M

$21.48B in TTM revenue grew 10.3% YoY, reaching $6.81B last quarter. TTM EBITDA of $1.21B and TTM operating income of $921.40M show growth is flowing through to the bottom line. TTM net income of $617.20M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 24.3%
EBITDA Margin: 5.5%
Op. Margin: 4.5%
Net Margin: 3.1%

Op. margin of 4.5% is up 0.1% YoY — cost efficiency is improving. Net margin at 3.1% and gross margin of 24.3% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 2% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 15.6x
P/S Ratio: 0.4x
P/B Ratio: 12.3x

At 15.6x P/E, the stock trades within typical market levels. P/S of 0.4x and P/B of 12.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 4% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.08B
Cash: $175.40M
Long-Term Debt: $2.17B
Book Value: $782.70M
D/E Ratio: 2.8
Debt/EBITDA: 5.7

With $5.08B in assets and $2.17B in long-term debt, D/E is 2.8and book value is $782.70M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $235.00M
TTM Free Cash Flow: $541.50M
FCF Margin: 2.5%
FCF / Net Income: 0.9

TTM FCF of $541.50M on $235.00M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 48% — a weakening trend.