MUSA
Murphy USA Inc.
Next earnings Jul 28, 2026 · consensus $9.59 EPS, $6.11B rev
Last earnings -1.1% on 2026-04-29
$526.33
▲ 0.00%$526.33▲ +24.51%
over 1Y
L $355.19EODHDH $622.53
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.0%
1W-4.5%
1M+2.0%
3M+4.1%
YTD+30.2%
1Y+24.5%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 17 analysts
Buy
Low-margin fuel retailer turning relentless buybacks into flat EPS, but net income has slipped three years running.
P/E 22.9 · FY2025
The read
Middling fundamentals and a rich price (~63% above fair value) leave little margin of safety — a wait-and-see.
Murphy USA is a high-volume, low-margin retailer of gasoline and convenience merchandise. The business model is inherently thin (3.7% operating margin, 2.4% net margin) and revenue-sensitive to fuel prices: FY2025 revenue fell 4.2% to $19.4B and net income declined 6.3% to $471M — the third consecutive annual decline from the $673M FY2022 peak. The franchise is mature and the top line is shrinking, so this is not a growth story.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $17.4B | $23.4B | $21.5B | $20.2B | $19.4B |
| Gross profit | — | — | — | — | — |
| Operating income | $604M | $968M | $826M | $743M | $719M |
| Net income | $397M | $673M | $557M | $503M | $471M |
| Diluted EPS | $14.92 | $28.10 | $25.49 | $24.11 | $24.10 |
| Net margin | 2.3% | 2.9% | 2.6% | 2.5% | 2.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$10.2B
EV / EBITDA10.3
EV / Sales0.5
EV / FCF27.3
P / FCF26.1
PEG (trailing)—
Earnings yield4.8%
FCF yield3.8%
Quality & risk
ROIC (est.)50.2%
Free cash flow$374M
Total debt$506M
Net cash-$478M
Altman Z-Score7.22 safe
Piotroski F-Score6/8
Capital returns
Buyback yield6.7%
Dividend yield (est.)0.4%
Shareholder yield7.1%
Shares Δ YoY-7.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-26open ↗4Period ending 2026-06-052026-06-09open ↗144Filing2026-06-05open ↗4Period ending 2026-06-012026-06-03open ↗144Filing2026-06-01open ↗4Period ending 2026-05-262026-05-27open ↗8-KPeriod ending 2026-05-272026-05-27open ↗144Filing2026-05-27open ↗144Filing2026-05-20open ↗4Period ending 2026-05-152026-05-18open ↗144Filing2026-05-15open ↗8-KPeriod ending 2026-05-122026-05-12open ↗
Frequently asked
- Is Murphy USA Inc. (MUSA) a buy?
- MUSA currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Low-margin fuel retailer turning relentless buybacks into flat EPS, but net income has slipped three years running.
- What is MUSA's fair value?
- A Modified-Graham model based on MUSA's SEC fundamentals estimates a fair value of about $192.66. It is an estimate from reported earnings, not a price target.
- Is MUSA overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, MUSA currently appears overvalued relative to its SEC-grounded earnings power.
- What is Murphy USA Inc.'s quality score?
- MUSA scores 60.29411764705882/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001573516, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:49:01 PM.
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