Murphy USA Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Murphy USA Inc (MUSA). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Marketing | $11.26B 100.0% | $17.36B 100.0% · +54.1% | $23.45B 100.0% · +35.1% | $21.53B 100.0% · -8.2% | $20.24B 100.0% · -6.0% | $19.38B 100.0% · -4.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Petroleum product sales | $8.21B 72.9% | $13.41B 77.2% · +63.4% | $19.23B 82.0% · +43.4% | $17.10B 79.4% · -11.1% | $15.89B 78.5% · -7.1% | $14.86B 76.7% · -6.5% |
| Merchandise sales | $2.96B 26.2% | $3.68B 21.2% · +24.5% | $3.90B 16.6% · +6.1% | $4.09B 19.0% · +4.8% | $4.21B 20.8% · +3.1% | $4.30B 22.2% · +2.1% |
| Other operating revenues | $100.6M 0.9% | $272.0M 1.6% · +170.4% | $312.8M 1.3% · +15.0% | $335.7M 1.6% · +7.3% | $137.7M 0.7% · -59.0% | $217.4M 1.1% · +57.9% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 11, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.