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Operates small-format fuel stations and convenience stores, mostly near Walmart supercenters across the US.
Operates small-format fuel stations and convenience stores, mostly near Walmart supercenters across the US.
Earns a margin of cents per gallon on fuel bought at wholesale, so profit depends on gallons sold and on how stable wholesale prices are, plus higher-margin snacks, drinks and tobacco in the store. Spun out of Murphy Oil in 2013, it builds small stations on lots next to Walmart stores, relying on low prices to draw traffic.
Moat: narrow (cost advantage, distribution). Low-cost, small-footprint station model with prime Walmart-adjacent real estate gives a cost/traffic edge over full-size gas stations.
Headquarters: El Dorado, Arkansas, United States · Founded: 1996 · Employees: 16,900
Size Murphy USA (MUSA) is a United States Consumer Discretionary company (Specialty Stores) with a market value of $9.45B, the 804th largest of 3,117 United States companies the cockpit tracks. Shares closed at $521.89 on 6 Nov 2026.
Performance Over six months the shares fell 9.7%, against +18.6% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 20.2% over the last twelve months (peer median +3.8%); the operating margin is 4.2% (peer median 5.1%).
Valuation It trades at 17.5× forward earnings against a peer median of 15.4× (9th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -21 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.9 points above its cost of capital (6.2% WACC).
Short interest Short interest is 5.5% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $23.3B | $19.4B | $20.2B | $21.5B | $23.4B |
| Revenue growth | — | -4% | -6% | -8% | — |
| Gross profit | $1.23B | $971M | $991M | $1.07B | $1.20B |
| EBITDA | $1.28B | $1.02B | $1.01B | $1.06B | $1.19B |
| Net income | $663M | $471M | $502M | $557M | $673M |
| Free cash flow | $668M | $374M | $390M | $448M | $689M |
| Capital expenditure | $481M | $440M | $458M | $336M | $305M |
| Total debt | $2.78B | $2.74B | $2.37B | $2.27B | $2.27B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Murphy USA MUSA | $9.45B | -10% | +20% | 4% | 17.5× | -9.4% |
| Casey's CASY | $25.4B | -20% | +14% | 6% | 32.3× | 11.1% |
| Alimentation Couche-Tard ATD.TO | $54.5B | +5% | +12% | 6% | 18.3× | 1.3% |
| Seven & I 3382.T | $31.7B | +16% | -11% | 4% | 17.4× | 4.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MUSA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.7% | +6.6% | 6th lowest of 21 |
| 6-month return | -9.7% | +18.6% | 5th lowest of 21 |
| Distance from 52-week high | -17.9% | -13.5% | 10th lowest of 21 |
| Revenue growth (TTM) | +20.2% | +3.8% | 5th highest of 21 |
| Operating margin | 4.2% | 5.1% | 8th lowest of 21 |
| Forward P/E | 17.5× | 15.4× | 9th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -9.4% | 4.4% | 2nd least demanding of 17 |
| Growth delivered (Del g) | +11.5% | +6.7% | 4th highest of 17 |
| Hurdle (Req g minus delivered) | -20.9 pp | -3.0 pp | 3rd least demanding of 17 |
| ROIC minus cost of capital | +16.9 pp | +2.3 pp | 3rd highest of 20 |
| EV / EBITDA | 9.4× | 10.6× | 7th cheapest of 17 |
| Net debt / EBITDA | 2.0× | 3.0× | 6th least indebted of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Murphy USA MUSA | United States | $9.45B | -10% | +20% | 4% | 17.5× | -9.4% | +11.5% |
| Sanrio 8136.T | Japan | $9.78B | +33% | +28% | 39% | 22.4× | 1.9% | +36.4% |
| Carrefour CA.PA | France | $11.1B | -21% | -8% | 3% | 8.4× | -1.2% | +3.1% |
| Nitori 9843.T | Japan | $11.7B | +47% | 0% | 13% | 20.0× | 2.7% | +4.9% |
| CarMax KMX | United States | $7.31B | +28% | +4% | 2% | 15.5× | 17.6% | +6.7% |
| Pepco Group BV PCO.WA | Poland | $7.18B | +58% | -42% | 15% | 16.8× | 4.6% | +4.5% |
| Dick's Sporting Goods DKS | United States | $12.5B | -35% | +54% | 6% | 11.8× | 8.7% | +12.4% |
| Lithia Motors LAD | United States | $6.68B | +5% | +1% | 4% | 8.0× | n/a | n/a |
| Kalyan Jewellers India KALYANKJIL.NS | India | $6.47B | +44% | +46% | 6% | 37.6× | n/a | n/a |
| BJ's Wholesale Club BJ | United States | $13.8B | +18% | +9% | 4% | 22.4× | -0.7% | +6.8% |
| Penske Automotive PAG | United States | $13.9B | +22% | +6% | 3% | 15.2× | 12.6% | +9.2% |
| Ultrapar Participacoes S.A. Sponsored ADR UGP | United States | $6.12B | -11% | +20% | 5% | 7.0× | -12.6% | +12.2% |
| AutoNation AN | United States | $5.88B | -11% | -2% | 5% | 8.3× | n/a | n/a |
| Wayfair W | United States | $15.3B | +69% | +8% | 2% | 29.6× | 47.7% | -2.5% |
| Frasers FRAS.L | United Kingdom | $5.64B | +44% | +8% | 7% | 9.1× | n/a | n/a |
| Rush Enterprises RUSHA | United States | $5.54B | +6% | -3% | 5% | 15.4× | 7.9% | +9.4% |
| PriceSmart PSMT | United States | $5.02B | +3% | +12% | 5% | 27.2× | 10.5% | +10.2% |
| Tractor Supply TSCO | United States | $18.9B | +20% | +4% | 9% | 18.0× | 4.1% | +7.9% |
| Endeavour EDV.AX | Australia | $4.48B | +10% | +1% | 4% | 21.4× | 14.9% | +1.0% |
| Signet Jewelers SIG | United States | $4.37B | +34% | +1% | 7% | 9.4× | -1.3% | +5.4% |
| Bath & Body Works BBWI | United States | $4.31B | +8% | -2% | 15% | 8.3× | -8.8% | +2.5% |