Is the business good?
How good a business is MUSA?
Murphy USA Inc. earns 26% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
26%
Return on invested capital · cost of capital 9.0% · 17 points above what the capital costs: growth creates value
- Operating margin
- 4.3%
Operating margin · Specialty Retail median 8.4% · 12 months to Q2 2026
- Cash conversion
- 0.88×
Cash conversion · 0.74× a year ago · some of the reported profit has not turned into cash yet
- Share count, year on year
- −6.1%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | 5.0% |
| FY2021 | 3.5% |
| FY2022 | 4.1% |
| FY2023 | 3.8% |
| FY2024 | 3.7% |
| FY2025 | 3.7% |
Details›
- Operating margin12 months to Q2 2026
- 4.3%
- Net margin12 months to Q2 2026
- 2.9%
- Free cash flow margin
- 2.5%
- Revenue, trailing twelve months
- $21.5B
- Free cash flow, trailing twelve months
- $542M
- Net income, trailing twelve months
- $617M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 26%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Specialty Retail
Ranks #14 of 18 by Smart Score