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

$509.34-3.66(-0.01%)Pre-market

Market Cap

$9.29B

P/E

14.0x

P/S

0.4x

P/B

11.7x

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: 73/100

Strongest: Growth (23/25); weakest: Profitability (11/25).

Profitability11/25

Growth23/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality23/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

Valuation vs. 5-year range

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

P/E · 14.0x5y range 14.0x – 30.7x

Currently near its 20-quarter median.

P/S · 0.4x5y range 0.4x – 0.7x

Currently near its 20-quarter median.

P/B · 11.7x5y range 11.7x – 16.6x

Watch items

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

Some Concerns

Leverage Risk

Watch

D/E ratio of 2.7 is elevated. Watch for further debt accumulation.

Price & Volume

Market Cap $9.29B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $23.26B
Q. Revenue: $6.89B
TTM EBITDA: $1.27B
TTM Op. Income: $980.10M
Q. Op. Income: $260.50M
TTM Net Income: $663.30M
Q. Net Income: $176.00M
EPS: $9.65
Shares Out.: $18.25M

$23.26B in TTM revenue grew 20.2% YoY, reaching $6.89B last quarter. TTM EBITDA of $1.27B and TTM operating income of $980.10M show growth is flowing through to the bottom line. TTM net income of $663.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 23.7%
EBITDA Margin: 4.9%
Op. Margin: 3.8%
Net Margin: 2.6%

Op. margin of 3.8% is down 0.2% YoY — costs are rising relative to revenue. Net margin at 2.6% and gross margin of 23.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 4% — a weakening trend.

Price Ratios

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

P/E Ratio: 14.0x
P/S Ratio: 0.4x
P/B Ratio: 11.7x

At 14.0x P/E, the stock trades below typical market levels. P/S of 0.4x and P/B of 11.7x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

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

Total Assets: $5.18B
Cash: $161.80M
Long-Term Debt: $2.17B
Book Value: $793.80M
D/E Ratio: 2.7
Debt/EBITDA: 6.5

With $5.18B in assets and $2.17B in long-term debt, D/E is 2.7and book value is $793.80M — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has fallen for 4 consecutive quarters — an improving trend.

Cash Flow

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

Op. Cash Flow: $348.10M
TTM Free Cash Flow: $667.50M
FCF Margin: 2.9%
FCF / Net Income: 1.0

TTM FCF of $667.50M on $348.10M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 82% — an improving trend.