# Murphy USA Inc. (MUSA)

> Source: Nexqual · https://nexqual.com/MUSA · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Murphy USA Inc. (MUSA), nexqual.com/MUSA" · informational, not investment advice.

**Price:** USD 544.73 (+1.12% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 538.7 · day 538.02–550.87 · 52w 349.83–636.05 · market cap $10.0B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $21.5B, net income $617M (2.9% margin), free cash flow $542M (SEC filings).
- Valuation: P/E 16.2x (avg 17.2x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.36 on a 1–5 scale) (11 analysts), mean target USD 617.1 (range 550–680).
- Total return with dividends: 1Y +44.3% vs S&P 500 +18.1%; 5Y +236.7% vs S&P 500 +85.1%.
- Next earnings: 2026-10-28, EPS estimate USD 8.47, revenue estimate $6.11B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $17.4B | $23.4B | $21.5B | $20.2B | $19.4B | $21.5B |
| Operating income | $604M | $968M | $826M | $743M | $719M | $921M |
| Net income | $397M | $673M | $557M | $503M | $471M | $617M |
| EPS (diluted) | $14.92 | $28.10 | $25.49 | $24.11 | $24.10 | — |
| Free cash flow | $463M | $689M | $448M | $390M | $374M | $542M |
| Operating margin | 3.5% | 4.1% | 3.8% | 3.7% | 3.7% | 4.3% |
| Net margin | 2.3% | 2.9% | 2.6% | 2.5% | 2.4% | 2.9% |
| Revenue growth | +54.1% | +35.1% | -8.2% | -6.0% | -4.2% | — |
| Cash + short-term investments | $256M | $78.4M | $125M | $47.0M | — | — |
| Total debt | $1.80B | $1.79B | $1.78B | $1.83B | $2.16B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 16.2x · P/S 0.5x · P/FCF 18.5x · P/B 12.8x · FCF yield 5.41% · Earnings yield 6.16% · Dividend yield (paid, TTM) 0.45% · Buyback yield (TTM) 4.38%
P/E at fiscal year-ends: Dec 2025 16.7x, Dec 2024 20.8x, Dec 2023 14.0x.

## Analysts
Consensus Buy (mean 2.36 on a 1–5 scale), 11 analysts; mean target USD 617.1 (low 550, high 680).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-07 | JP Morgan | Target lowered | Overweight | $655 → $633 |
| 2026-07-20 | Wells Fargo | Target raised | Equal-Weight | $520 → $570 |
| 2026-07-10 | B of A Securities | Target raised | Neutral | $600 → $625 |
| 2026-07-06 | Goldman Sachs | Upgrade | Sell → Neutral | $380 → $550 |
| 2026-07-01 | Jefferies | Upgrade | Hold → Buy | $550 → $625 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +44.3% | +236.7% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +44.5% | +27.4% |
| Volatility (annualized) | 39.9% | 31.7% |
| Max drawdown | -19.7% (Jan 2026→Feb 2026) | -34.9% (Dec 2024→Nov 2025) |

## Peers (Specialty Retail)
FIVE (Five Below, Inc.) USD 223.23 +4.63% · DKS (Dick's Sporting Goods Inc) USD 140.84 +2.39% · GME (GameStop Corporation) USD 28.02 +2.94% · TSCO (Tractor Supply Company) USD 33.37 -0.98% · BBY (Best Buy Co., Inc.) USD 94.17 +7.06% · BBWI (Bath & Body Works, Inc.) USD 20.44 +13.56%

## More
Full page: https://nexqual.com/MUSA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt